China’s growing influence can no longer be ignored. The country is home to one of the largest and fastest-growing economies. Likewise, it is backed by one of the most robust export economies. The country’s growing influence has also continued to shed more light on the native currency. China’s currency is increasingly becoming a key player on the international scene thanks … [Read more...] about Renminbi vs. Yuan Debate: Does China Have Two Currencies?
The prediction that takes place in the currency markets comes down to several things. For starters, people analyze economic releases and monetary policies to try and predict price action. Besides, some traders base their decisions on the interrelationship that exists between commodities and currencies. Time-tested connections are standard among these two instruments. In some … [Read more...] about Commodities and Currency Correlations: How to Profit From Them
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
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
Seasoned traders, as well as newcomers, prefer to trade in the GBP/AUD since it is a highly volatile and liquid currency pair. But in order to be successful, you need to follow the latest news updates, monitor the real-time chart situations, and keep an eye on the exchange rate. Since the market is highly unpredictable, you may end up losing all your money if you don’t know the … [Read more...] about Earning Profits by Trading the GBP/AUD: The Fundamentals