Source: Sentix The Eurozone overall index posted its first expansion since July 2021 in November, driven mainly due to improved expectations. EZU is up 0.08%. The Overall index for the Eurozone stood at 18.3 points in November, marking the first growth in four months since July.The climb was attributed to the rise in expectations, up by 5.2 points.The overall index was … [Read more...] about Eurozone Overall Index Expands for First Time in Four Months
Beginners-Friendly Currency Pairs
When starting out as a forex trader, one of the most difficult decisions is choosing the suitable currency pair. Along with many different components like position size, leverage, and length of time, the currency pair that you choose will directly impact the amount of success you will have. Below we will list out some beginner-friendly currency pairs and analyse the … [Read more...] about Beginners-Friendly Currency Pairs
Nonfarm Payrolls Up 531,000 to Bring Unemployment Rate to Pandemic-Low
Source: Bureau of Labor Statistics Nonfarm payrolls jumped by over half a million in October, bringing the unemployment rate to its lowest level since the COVID-19 pandemic hit. Total nonfarm payroll employment grew by 531,000 in October, bringing the monthly growth average to 582,000.Nonfarm employment has grown by 18.2 million so far but remains 4.2 million or 2.8% … [Read more...] about Nonfarm Payrolls Up 531,000 to Bring Unemployment Rate to Pandemic-Low
Chinese Government Bonds Climb Amid $16 Billion Liquidity Infusion
Government bonds of China are set for their biggest weekly advance in three months after injection in liquidity, Bloomberg reported. The yields on China’s 10-year sovereign bond fell by two basis points to 2.90%, bringing the week’s decline seven basis points.The latest decline comes as the central bank boosted short-term cash to 100 billion yuan on Friday, after boosting it … [Read more...] about Chinese Government Bonds Climb Amid $16 Billion Liquidity Infusion
The 3 Most Impactful US Economic Indicators for Forex Fundamental Analysis
Thomas Wolfe, the legendary novelist, once said America is a place where miracles not only happen but occur all the time. Whether you love the country or not, it’s hard to argue against America as a powerhouse in most things; foreign exchange is no exception. Traders can feel the US dollar’s influence in other currency markets. The majority of forex transactions are … [Read more...] about The 3 Most Impactful US Economic Indicators for Forex Fundamental Analysis
