The trillion-dollar forex market attracts traders of all walks of life trying to profit from price swings. While some opt to play the long-term game, others focus on short-term gains, as is the case with investing. Scalping is one such strategy widely deployed in the $6 trillion marketplaces. How scalping works This is a short-term trading strategy whereby people look to … [Read more...] about The Best Forex Scalping Strategies
Homebuilder Confidence Takes a Hit from Higher Interest Rates and Material Costs
The Housing Market Index fell 2 points to 82 in March, according to the National Association of Home Builders press release. The index was weighed down by rising interest rates and costs for materials, especially lumber. The builders' index in March 2021 is higher than 72 recorded in March 2020 but below a record high of 90 in November. Supply shortages and high demand … [Read more...] about Homebuilder Confidence Takes a Hit from Higher Interest Rates and Material Costs
U.S Retail Sales Fall in February Following an Inclement Winter Weather
U.S. retail sales in February declined by 3%, more than expected 0.5% drop, according to the Census Bureau press release. The retail slump follows an upwardly revised 7.6% jump in January and is linked to severe winter weather that swept large parts of the country. Eleven of the 13 retail categories registered declines in February, including a 4.2% decrease at motor … [Read more...] about U.S Retail Sales Fall in February Following an Inclement Winter Weather
Top Commodity Currencies to Trade
Commodity prices have an impact on other market sectors. Higher oil prices tend to affect industries like airlines and manufacturing. Other commodities like iron ore and copper also have an impact on stocks and indices. In this article, we will focus on some of the popular commodity currencies you can trade. What is a commodity currency? A commodity currency refers … [Read more...] about Top Commodity Currencies to Trade
EUR/USD Forms Massive Head and Shoulders Pattern ahead of ECB
The EUR/USD rose for the first time in six days as investors waited for the important US inflation data and European Central Bank (ECB) decision set for Thursday. Euro bounces back The EUR/USD price has been on a steep downward trend in the past few weeks as investors focus on the $1.9 trillion stimulus package and its impact on the American economy. The pair has dropped … [Read more...] about EUR/USD Forms Massive Head and Shoulders Pattern ahead of ECB
