Mainland gross domestic product, which adjusts for Norway’s offshore industry rose by 1.9% in the fourth quarter, according to Statistics Norway press release. Q4 GDP was more than expected 1.3% expansion rate. Norway’s FY20 GDP contracted by 2.5%, much less that predicted 3.5%. Norway’s FY20 GDP was also much stronger than the Eurozone economy which shrank by almost … [Read more...] about Norway GDP Emerges Stronger than Expected, Prompts Possible Early Rate Hikes
FX LUCKY PRO Review
FX LUCKY PRO is a recently launched Forex EA that promises to always close trading positions in absolute profit. It has a unique algorithm that allows it to trade during various sessions, thus enhancing the profitability to a great degree. The company behind this expert advisor claims to provide superior results for Forex traders, but can you really trust the system to do … [Read more...] about FX LUCKY PRO Review
USD/MXN Pressured By High Crude Oil And US Stimulus
The USD/MXN pair downward trend has continued in the past few days as investors focus on the recent prices of crude oil and higher inflation in Mexico. On Wednesday, the pair was trading at 20.07, which is slightly higher than the year-to-date low of 19.5520. Higher crude oil prices Mexico is a relatively major oil producer, exporting more than 1.2 million barrels every … [Read more...] about USD/MXN Pressured By High Crude Oil And US Stimulus
So, You Want To Be A Swing Trader In Forex?
What is swing trading in forex, and is it the best trading style? After scalping and day trading, the third entrant on the list is swing trading, a system that requires a great deal of patience and long-term analysis but gears to offer less chart involvement and higher profits. Swing trading has been one of the buzzwords in forex for a long time. Although day trading still … [Read more...] about So, You Want To Be A Swing Trader In Forex?
U.S. Jobless Claims Ease but Remain Above Expectations
U.S jobless claims for the week ending February 6 counted 793,000, a decrease of 19,000 from the previous week’s level, according to the Department of Labor press release. The jobless claims were higher than expected 760,000. Pandemic Unemployment Assistance, a program for self-employed and gig workers, rose by 1.5 million to 8.7 million in the week ended January … [Read more...] about U.S. Jobless Claims Ease but Remain Above Expectations
