Market News
What’s the Best Forex Strategy?
We're often asked, what's the best forex strategy? Starting with the basics, a trading strategy is your plan for when to buy or sell currency pairs. It's like a recipe for making trades at the right time. The basics of forex strategies come from watching the market's movements, understanding economic reports, and keeping up with news events. A good strategy tells you when to enter or exit a trade and can be made by yourself or found online. The popular
Understanding AI Trading: A Beginner’s Guide
Welcome to the world of forex trading! This beginner's guide demystifies AI trading and details its basic concepts and practical applications. Whether you're new to trading or interested in the possibilities of artificial intelligence, this guide will provide you with
Bank of England Raises Interest Rates to 5%: Combatting Inflation Surge
Bank of England's Bold Step The unexpected move by the Bank of England to increase interest rates by 0.5% had an immediate and evident effect on the foreign exchange markets. Initially, there was a temporary surge in the value of
The unexpected origins of CBDCs and their impact on forex trading
CBDCs Could Shake Up the Forex Market Forex trading is a difficult business, it's important to stay up-to-date with the latest news to understand the market. Recently, there has been some surprising news that could impact the Forex market. According
US Treasury Watches Closely as Major Trading Partners Make Monitoring List for Currency Practices
Currency Wars The US Treasury has added China, Germany, South Korea, Switzerland, Malaysia, Singapore, and Taiwan to its "watch list" for currency practices. The US Treasury report aims to put pressure on trading partners suspected of keeping exchange rates artificially
Turkey’s Lira Sees Longest Run of Weekly Losses Since 1999
A Sign of Change in Turkey's Economic Approach The Turkish lira is on track for its longest weekly losing streak since 1999. Turkey's recent economic team, spearheaded by two ex-Wall Street bankers, has adopted a restrained approach towards intervening in
IMF Urges Zimbabwe to Take Further Steps Towards Currency Reform
IMF Recommends Market-Based Solutions Zimbabwe has been encouraged by the Universal Money Related Finance (IMF) to require advanced steps to proceed with money change. The nation is battling with its money instability, and the IMF accepts it'll depend on the
Shoplifting: A Growing Threat to Retail Profits and Consumer Sentiment
Warning on Shoplifting and its Impact on Profits Retail Executives Sound Alarm on Shoplifting, Threatening Profits and Consumer SentimentRecent data compiled from earning calls by Bloomberg has shown that stock theft or “shrink” is becoming a bigger issue affecting the
Turkish Investors Turn to Cryptocurrencies Amid Economic Turmoil
Increasing Interest in Stablecoins Turkish financial specialists have been progressively turning to cryptocurrency advertising amid economic turmoil. The request for Tie, a stablecoin supported by the US dollar, surged in early May ahead of decisions and has remained solid after
IMF Talks Vital for Pakistan’s Stable Economy
Outlook for Pakistani Currency Krisjanis Krustins, a director at Fitch based in Hong Kong, has stated that the Pakistani currency has shown stability in recent months. He also mentioned that the pressure on the State Bank of Pakistan's reserves has