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
BF Scalper Pro Review
BF Scalper has a high drawdown in contrast with the returns, which makes it an inefficient trading robot. The developers mention many features that a trader can use to tweak the algorithm according to their liking. They have made improvements in the pro version to make it perform better. Detailed Forex Robot Review FXatuomater presents its products neatly on a single … [Read more...] about BF Scalper Pro Review
GBP/USD Turns Bearish After Hawkish As U.S. Indices Remain Under Pressure
The U.S. dollar turned bullish on Thursday following a hawkish FED report that signaled rate hikes.The British pound remains under pressure amid a resurgent greenback also weighed down by COVID-19 concerns.EUR/JPY also turned bearish amid euro weakness and the Japanese yen that continues to hold firm against the major.Concerns about rate hike are the catalysts weighing heavily … [Read more...] about GBP/USD Turns Bearish After Hawkish As U.S. Indices Remain Under Pressure
Wells Fargo Analyst Projects Treasury Yields Surpassing 2% by Year End
Source: CNBC Wells Fargo’s Michael Schumacher projects US 10-year Treasuries to end this year at a high of about 2.20%. 10 Year Treasury is down -0.004%, DXY is up +0.28%. Despite Treasury yields falling temporarily this week following Fed’s decision on rates, Schumacher says uncertain high inflation outlook will see it rise this year. Schumacher attributes the biggest … [Read more...] about Wells Fargo Analyst Projects Treasury Yields Surpassing 2% by Year End
U.K.’s May Retail Sales Volumes Decreased by 1.4%
Source: Office of National Statistics U.K.’s retail sales volumes in May 2021 came down by 1.4% after April’s sharp increase following relaxation of retail restrictions. FTSE 100 is down 0.80% GPBUSD is down 0.23% Food stores and non-store sellers witnessed the highest monthly decrease in sales volume in May of 5.7% and 4.2% respectively as restrictions for … [Read more...] about U.K.’s May Retail Sales Volumes Decreased by 1.4%
