The dollar has overcame losses against currencies on Thursday after soft data on U.S. consumer price data. U.S. core consumer prices had risen 1.3% year-on-year in February, a slight slowdown from a 1.4% annual increase in the previous month as per data showed on Wednesday. The dollar and U.S. Treasury yields have rose steadily due [...]
Stock trading and foreign exchange or “forex” trading, are similar in that they depend on taking advantage of constantly changing prices – but that’s where the similarities largely end. Understanding the differences between forex and stock trading can help you to decide whether one type of trading may be more suitable to your goals and style [...]
The support and resistance level breakout trading system is a price action trading system; it is one of the simplest and easiest trading setups to spot and trade. This support and resistance level breakout trading strategy is different from the horizontal support and resistance trading strategy in which you trade the bounce of the price [...]
Upbeat data of China's inflation released during early Wednesday did not support the Aussie. China’s Consumer Price Index (CPI) was same as previous month maintained at 0.6% while rising-0.2% YoY versus -0.6 % expected. Adding to it, the Producer Price Index (PPI) followed the suit with a record of 1.7% versus 0.7% forecast. It should [...]
