Editors’ Picks

EUR/USD reverses toward 1.0550 as US Dollar rebounds

EUR/USD reverses toward 1.0550 as US Dollar rebounds

EUR/USD is paring back gains toward 1.0550 in the early European trading hours on Friday. The US Dollar recovers in tandem with the Treasury yields despite an upbeat risk tone. Investors await the US PPI and inflation expectations data for fresh impetus. 

EUR/USD News

GBP/USD marches towards 1.2300 on softer US Dollar ahead of key data

GBP/USD marches towards 1.2300 on softer US Dollar ahead of key data

GBP/USD is heading toward 1.2300, staying on the front foot for the third consecutive day on Friday. The Cable capitalizes on weaker US Dollar and Treasury yields amid mounting US recession fears. US economic data are eagerly awaited. 

GBP/USD News

USD/JPY bounces off multi-day low, keeps the red below mid-136.00s amid weaker USD

USD/JPY bounces off multi-day low, keeps the red below mid-136.00s amid weaker USD

The USD/JPY pair comes under fresh selling pressure on the last day of the week and drops to a multi-day low, albeit lacks follow-through. The pair trims a part of its intraday losses and trades around the 136.25-136.30 region during the early European session, still down over 0.25% for the day.

USDJPY News

Editors’ Picks

EUR/USD reverses toward 1.0550 as US Dollar rebounds

EUR/USD reverses toward 1.0550 as US Dollar rebounds

EUR/USD is paring back gains toward 1.0550 in the early European trading hours on Friday. The US Dollar recovers in tandem with the Treasury yields despite an upbeat risk tone. Investors await the US PPI and inflation expectations data for fresh impetus. 

EUR/USD News

GBP/USD marches towards 1.2300 on softer US Dollar ahead of key data

GBP/USD marches towards 1.2300 on softer US Dollar ahead of key data

GBP/USD is heading toward 1.2300, staying on the front foot for the third consecutive day on Friday. The Cable capitalizes on weaker US Dollar and Treasury yields amid mounting US recession fears. US economic data are eagerly awaited. 

GBP/USD News

Gold set to retest $1,810 ahead of key United States data

Gold set to retest $1,810 ahead of key United States data

Gold price recaptures a 200-Daily Moving Average on the road to recovery. US Dollar extends decline with Treasury bond yields ahead of top-tier United States data. Gold price targets multi-month highs above $1,800 amid a bullish daily technical setup.

Gold News

Can Shanghai hard fork propel Ethereum price to $1,500

Can Shanghai hard fork propel Ethereum price to $1,500

Ethereum (ETH) price shows a strong comeback as it follows in Bitcoin’s footsteps. However, there seems to be another cause why ETH has a higher probability of continuing this uptrend - the Shanghai hard fork. 

Read more

US Consumer Sentiment Preview: Dollar set to decline on falling inflation expectations Premium

US Consumer Sentiment Preview: Dollar set to decline on falling inflation expectations

The University of Michigan's Consumer Sentiment Index stood at a low level of 56.8 points in November, and economists expect another slide to 53.3 in the preliminary read for December.

Read more

RECOMMENDED LESSONS

7 Ways to Avoid Forex Scams

The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?

What Are the 10 Fatal Mistakes Traders Make

Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.

Strategy

Money Management

Psychology