Author: Admin

EUR/USD posts moderate losses during the North American session on Friday as the US Dollar (USD) holds firm after the release of mixed economic data and dovish comments by Federal Reserve (Fed) officials. The pair trades at 1.1504, down 0.20%, after hitting a two-week low of 1.1491.Euro retreats 0.20% as weak US sentiment contrasts with firmer PMIs, markets rise December cut oddsData in the US was mixed, yet the economy shows signs of resilience. The S&P Global Manufacturing and Services PMIs were mixed in November but revealed that business confidence had improved.Other data showed that American households turned pessimistic about…

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  Trading vs. Gambling Pros and cons of forex trading The rise of online gambling has sparked widespread discussions on its impact, especially as it becomes easier to place bets on virtually every part of a sporting event or even non-sporting activities. I’m reminded of an interview I gave to Newsweek, where I stated: “Those who approach forex trading like they would a casino are bound to experience the same results as someone gambling in Las Vegas. However, treating forex trading like a business—complete with sound money management—significantly increases the chances of long-term success.” Is Trading the Same as Gambling?…

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S&P Global will release on Friday the November flash Purchasing Managers’ Indices (PMIs) for most major economies, including the United States (US). These surveys of top private sector executives provide an early indication of the business sector’s economic health.Market participants anticipate that the Global Services PMI will print at 54.8, matching the October reading, while Global Manufacturing output is expected to print at 52, slightly below the 52.5 reading of the previous month. Finally, it is worth noting that the Composite PMI printed at 54.6 in October.The US is coming from the longest government shutdown in its history, which means…

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The Dow Jones started Thursday off on a high note. The major equity index soared 725 points in the early hours before promptly reversing course at 1545 GMT (1045 EST) and sinking over 1,100 points top-to-bottom, hitting a five-week low of 45,732 in the process. Markets are facing fresh headwinds on multiple fronts, and a poorly-timed announcement that the Nonfarm Payrolls (NFP) employment “situation” data releases would be delayed until December 16th was the cherry on top.The Dow Jones Industrial Average is down 2.2% on the week, and on pace for its worst weekly performance since the beginning of October.…

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The Japanese Yen (JPY) touches a fresh low since mid-January against its American counterpart during the Asian session on Thursday, though the intraday downtick lacks bearish conviction. Investors now seem concerned that Japanese authorities could step into the market to stem further weakness in the domestic currency, which, in turn, prompts the JPY bears to take some profits off the table. Apart from this, the uptick lacks any obvious fundamental catalyst and is likely to be limited amid concerns about Japan’s ailing fiscal position.The government proposed a supplementary budget of around ¥25 trillion to fund Prime Minister Sanae Takaichi’s stimulus…

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