Category: Forex Trading

The greenback appears to have taken a break following the strong start of the new trading year on Thursday. In the upcoming Asian trading hours, investors are expected to remain vigilant on the final Services PMI in Japan as well as the Consumer Confidence gauge. There are no scheduled data releases Down Under at the end of the week, while cautiousness is predicted to dominate the early session ahead of the publication of US Nonfarm Payrolls for the month of December.

I’m Brad and in today’s Market Outlook, let’s take a look at Forex Trading on GBPCHF, USDCHF, and the NASDAQ. Firstly, Happy New Year to you all and welcome back to trading.

The Rupee started the New Year on a flat note and depreciated three paise to 83.19 against the U.S. dollar in the morning session, amid a negative trend in domestic equities and dollar demand from importers.

Forex trading, also known as foreign exchange trading or currency trading, is the act of buying and selling currencies on the foreign exchange market with the aim of making a profit. It's one of the largest and most liquid financial markets in the world. Here's a more detailed overview:

Forex trading can be challenging, but significant gains are achievable with the proper analysis and strategy. In this article, I share my experience of how I accomplished a successful trade on USD/JPY using Elliott Wave analysis before the crucial Federal Reserve meeting.

The GBP/USD pair wavered after the mixed UK jobs and US Consumer Price Index (CPI) data. It was trading at 1.2557 on Wednesday as traders position for the upcoming Federal Reserve and Bank of England (BoE) interest rate decisions. It has fallen by over 1.40% below the highest point this month.