The Japan Market see the pressure after the release of Japan factory activity data and BOJ Minutes. Japan's factory activity expanded at the slowest pace in four months in June, which is a sign momentum in the world's third-largest economy was levelling out before Tokyo is set to host the Olympic Games next month. Activity [...]
One of the main reasons why most Forex traders lose money is a failure to trade based upon longer-term, higher time frames such as the weekly time frame. Weekly timeframe is very effective in Forex trading. It cuts out a lot of noises on lower timeframes and give a much better picture of the medium term [...]
Gold price is trading up from yesterday as the U.S. traded on a corrective and short-covering rebound on Monday after dropping sharply last week and made hit of five-week low on Friday. The market sentiment continues to move indicating about inflation prospects after the previous week’s hawkish monetary policy tone from the Federal Reserve. Many [...]
Aussie is not effected by the downbeat Aussie data. In doing so, the Aussie pair keeps the early Asian recovery moves, amid the broad US dollar pullback. Australia’s reading of May’s Retail Sales has came below 0.7% forecast and 1.1% MoM prior to 0.1%, making the market fear of the negative economic impact of Victoria’s [...]
