The dollar sticks to gains on Monday as softening U.S. economic data and rising global coronavirus cases kept investors cautious, and lockdowns and Italian political turmoil held the euro under pressure. A Better-than-expected Chinese economic data further headed towards selling, but it was not enough to shift currency traders' mood. The mood soured after Friday [...]
The most powerful and effective aspect of forex trading is in general its Leverage. This gives you the flexibility to take significant positions in key currency pairs without adding too much capital, and maximizes the amount of any profit you make. However, Leverage can be risky. If you are wrong about a trade, it magnifies [...]
Fundamental view: The Australian dollar has gone back and forth during the course of last week ending with a bearish candle. The basic logic for the AUD/USD is that of the commodity complex in anticipation of a global recovery as the pandemic relents. That scenario still holds as the final arbiter for 2021 despite the [...]
Fundamental view: Euro fell against greenback in the past week. The US currency received an initial support from the Federal Reserve. Officials did not agree that they intend to taper their bond-buying scheme – but merely talking about rosier forecasts supported yields and the greenback. Jerome Powell, Chairman of the Federal Reserve, seemed to put an end [...]
