The decline of USD has become a major concern of Forex traders nowadays. Dollar is the most widely traded currency therefore a concern related to it may cause a panic in Forex trading. ASEAN FX is giving a tough time to US dollar. The struggle continues for this favorite currency of traders. The losses still haunts the US dollar traders as the cycle of loss still extends further. …
Recently we can witness a change in the perception of traders towards GBP. The trading pairs of GBP has just gained the spotlight. After all it is the most widely traded pair of currencies. Current trends in trading support this pair. No doubt, Pound is about to enjoy the state of rock n roll. The worth of GBP/USD is going to reach and meet its annual highest value. …
November has been unlucky for Gold price. Recently we have witnessed severe changes in the price of Gold and USD. Gold has suffered significant fall in its price. The traders interested in the investment in Gold and USD faced disturbing disappointment. We can expect that the tables will turn soon as the Economists believe that the trend of increase in the price of Gold and USD will extend …
The economic data affects the currency of that country. In fact the economic data and the price of USD are linked together. The recently revealed economic data about the US economy highlights the path of the value of USD. The US data shows a mixed state of the US economy. Different sectors of the US economy are facing different scenarios. The data exposes a rise in the jobless …
Assumptions about Technical Analysis: There are basically two types of analysis that help the forex traders to understand and predict the price movements in forex market. These types are 1) Fundamental Analysis 2) Technical Analysis. There are different myths and assumptions about these analysis that are definitely wrong. Such assumptions misguide the newbies in forex trading. Let’s explore some of these assumptions that enable the newbies to make …
A prominent analysis for making beneficial trade decisions in Forex Trade is Candlestick analysis. Candlestick analysis is mostly associated with dealing and effectively managing Support and Resistance. The results of Candlestick Analysis prove more effective when you also keep in mind the current conditions of financial market as well. However you should consider the fact that you are dealing in unpredictable Forex Trade where every value is bound …
Pound and the Pandemic: The recent discussion between the President of European Commission and the Prime Minister of U.K has led to the further downfall of Pound. The value of Pound continues to be weak as the economy of U.K is still struggling. The value of Pound would be expected to enjoy a rise and get a slight relief but then came the horrifying news of another strike …
Read moreGBP decline ahead of Brexit Talk and GDP data – VPX Market Review
The National Output data of U.K and pandemic: The pandemic played havoc with not only the lives of human but also shattered economies and GBP as well. The financial markets suffered and it has left lasting imprints on Forex trade. Unexpected changes and dire situation marked history. Even the economies of advanced countries all over the world felt shocks of the pandemic. The economy of the entire world …
Read moreGBP falls after increase in worries about Brexit and UK Economy data
Forex is a word that has become a constant part of our News. Millions of people have become familiar with it. However, Forex Trade is still viewed as a thrilling game of money or a game-changer that can make you a millionaire overnight. Well, it has changed the lives of millions of traders all over the globe but at the same, it does not happen overnight as it …