What is expert Advisor & How does it work?

In the world of foreign exchange (forex) trading, an expert advisor (EA) is a piece of software that tells you when to make trades or even automatically initiates and executes trades according to preprogrammed instructions. Expert advisors are most often deployed on the MetaTrader trading platforms. You can use an existing EA or create your own [...]

Pound struggles amid US dollar strength

The pound is trading downside against the greenback on Monday. The sterling seems to be under pressure mainly due to the renewed strength in the US Dollar Index (DXY). The US Treasury yields has seen some recent pullback and are trading near 1.66%, which offers a boost to the US dollar. Whereas, Asian shares became [...]

AUD/USD Weekly Forecast (12th April 2021 – 16th April 2021)

Fundamental view: The Aussie finished a second consecutive week pretty much unchanged near the 0.7670 level. The commodity-linked currency has remained away from investor’s radar this week, although it’s quite notable that with the broad greenback’s weakness and record levels in Wall Street, the pair was unable to advance. The American currency traded with a [...]