Overview To the layman, looking at any forex chart seems complex. Yet in no time, they become easy to read. A chart is nothing more than a visualization of the price of a forex pair over many time frames, ranging from minutes to months. Having competent charting skills is a crucial component of technical analysis - an approach used by the majority to make trading … [Read more...] about Line, Bar, Candlestick, Renko, and Heiken Ashi Charts in Forex – How Each of Them Are Used
On-demand Aluminum Dislodges Copper As The Second-Best Performer On LME
Prices of aluminum have surged more than 21% this year, enabling it to overtake copper as the second-best gainer on London Metal Exchange. Aluminum futures are currently up +0.56%. HG1! is up +1.46%. With 18% gain, copper now trails aluminum as the second-best performer to leading metal tin, which has surged 48% this year. The gains in aluminum have been fueled by a … [Read more...] about On-demand Aluminum Dislodges Copper As The Second-Best Performer On LME
Japan’s Nikkei 225 Gains over 3% as Asia-Pacific Shares Recovers
The Nikkei 225 increased by 3.12% to close at 28,884.13, leading to a significant recovery from the previous week’s drop of more than 3%. Nikkei 225 gains +3.15%, SSE Composite Index gains +0.80%, Hang Seng Index dips -0.63%, Kospi gains +0.71%, ASX 200 gains +1.48%. The Japanese markets contributed to the overall improvement in share prices in Asia-Pacific region.The … [Read more...] about Japan’s Nikkei 225 Gains over 3% as Asia-Pacific Shares Recovers
Fed’s Chair Says Inflation on Course Towards Central Bank’s 2% Target
Source: Bloomberg Fed’s chair Jerome Powell said inflation has accelerated but expects it will return to the 2% target as supply stabilizes. SPY is up 1.43%, EURUSD is down 0.20%. The remarks came from Powell’s written testimony to the House Select Subcommittee on the pandemic crisis quoting increased oil prices and spending as the economy reopens.Investors will … [Read more...] about Fed’s Chair Says Inflation on Course Towards Central Bank’s 2% Target
7 Things to Consider Before Scalping in Forex
As the saying goes, there is more than one way to skin a cat. Scalping is a popular trading approach in forex because of the quick realization of profits. Unlike more long-term strategies like swing and position trading with high levels of uncertainty, scalping presents a constant flow of opportunities. Despite the tremendous attraction of being a scalper, it's still a very … [Read more...] about 7 Things to Consider Before Scalping in Forex
