How many types of forex traders are there? Some like to scalp the markets, while others play the long game of swing and position trading. Either way, every trader should know who they are as investors and which trading style aligns with their personality, risk appetite, skill level, and objectives. They say there are many ways to achieve your goal, and in forex, this is … [Read more...] about The 6 Main Types of Traders In Forex
U.S Retails Records Further Decline, Manufacturing Rise Beats Estimates
U.S retail sales fell 0.7% in December, a third straight month, showing that the economy lost speed at the end of 2020, according to Reuters. Manufacturing production rose 0.9% after advancing 0.8% in November, the eighth-month of straight gains and above expected 0.5% Sales at restaurants and bars plunged 4.5%, online sales tumbled 5.8%, while receipts at electronics and … [Read more...] about U.S Retails Records Further Decline, Manufacturing Rise Beats Estimates
European Markets take Hit on Lockdowns Despite $1.9 Trillion U.S Stimulus Plan
European stocks fell on Friday as major economies braced for stricter lockdowns amidst plans for a $1.9 trillion U.S. stimulus package, reports Yahoo!finance. Britain’s FTSE 100 and German’s DAX opened 0.3% lower while France’s CAC 40 traded 0.5% lower. European stocks’ decline comes at a time most countries are struggling to contain the resurgent virus resulting in tighter … [Read more...] about European Markets take Hit on Lockdowns Despite $1.9 Trillion U.S Stimulus Plan
How Does LIBOR Differ from the Federal Funds Rate?
Life as an investor in money markets revolves around certain data points that help you to make sense of the future. After all, currency trading is all about making predictions about a given currency pair's exchange rate. Federal funds rate and the London interbank offered rate (LIBOR) are very important data points that influence the foreign exchange's direction (forex) … [Read more...] about How Does LIBOR Differ from the Federal Funds Rate?
Copper Price Rallied in 2020 – Can the Momentum Continue in 2021?
Copper price declined for the third consecutive day as investors reacted to the relatively weak manufacturing PMI data from China. It is trading at $3.5156, which is slightly lower than the 2020 high of $3.6415. Copper 2020 performance China manufacturing PMI Copper prices rallied by about 77% from the March 2020 low of $1.9732 to a yearly high of $3.615. This … [Read more...] about Copper Price Rallied in 2020 – Can the Momentum Continue in 2021?
