What is Algorithmic Trading? Algorithmic trading strategies involve making trading decisions based on pre-set instructions that are programmed into a computer. A trader writes a code that executes trades on behalf of the trader when certain conditions are met. The defined sets of instructions are based on timing, price, quantity, or any mathematical model. Apart from [...]
Pound is trading downside against the greenback. This can be related to the US President Joe Biden’s nomination for the Fed Chair’s position, Brexit woes, COVID-19 fears and Dovish stance of BoE bailey ahead of the UK and the US preliminary PMI numbers for November. President Biden on Monday nominated Federal Reserve Chair Jerome Powell, [...]
The EUR/USD pair remained under pressure and is trading just a few pips above a 16-month low touched on Friday, in the Asian session. A number of factors combine together to underpin the bearish trend of the pair, although the oversold conditions kept away the traders from placing new bearish bets. The greenback is favored [...]
Fundamental view: Bitcoin price is deep under $60000 as it had a hard fall this week. Bearish trend was framed by the two negative events happened in the past few days. On Nov. 12, the United States Securities and Exchange Commission (SEC) denied VanEck’s spot Bitcoin ETF request, Upon the rejection the Bitcoin saw a [...]
