Aussie pair has eased from the daily high as investors reconsider the risks associated with the Evergrande repayment announced on Thursday. The Aussie pair are consolidating their losses of the previous four days after China's headlines provoked a dangerous mood. China accounts for more than 35 percent of Australian exports. This bias is serious. Although [...]
The cable pair has been dropped from yesterday itself among the strong US data on mildly upbeat market sentiment. Favoring the consolidation could be the light calendar and mixed concerns over the Federal Reserve’s (Fed) action on Wednesday. PM Boris Johnson wants a wider trade deal with the US and also better access to the [...]
The dollar climbed to three-week peaks on Friday, still benefiting from better-than-expected U.S. retail sales data released on Thursday. The US dollar index (DXY) has peaked since August 23, rising last week as market sentiment soured. The US Federal Reserve (FED)'s tapping into this week's Federal Open Market Committee (FOMC) may highlight the Covid – [...]
Developing the trading plan is the biggest steps in successful trading journey. Your plan acts as a map that covers all of the reasons why and how you trade. This includes the evidence you’ll look for before entering a trade when you’ll exit trades, risk-management precautions you’ll take, such as how much money you’re willing [...]
