Bitcoin bulls are on the offensive; is a correction ahead?
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- April 28, 2025
7 Common Forex Trading Mistakes Beginners Make And How to Avoid Them
The forex market is the most traded financial market in the world. It’s relatively straightforward and quick to open a trading account and start trading.
Fibonacci numbers, when applied in technical analysis through Fibonacci retracement and Fibonacci extension, are one of the most prolific techniques traders use to qualify or disqualify forex trades. In this article, we’ll look at how both retracement and extension work, and how you can use them in your own trading. Fibonacci retracement Fibonacci retracement is
READ MOREAustralian 200 index – Weekly
The WEEKLY chart of the XJO remains in a Primary UPTREND. A short range week showing a loss of upward momentum. Traders would look for the 7000 level to hold. A further break down would target 6893 as a retest of the initial breakout from the ascending pattern.
ECB MEETINGS OF 2020 SHOULD REALLY BE CALLED ECB ‘STRATEGY REVIEWS’.
Newly minted Chair Christine Lagarde clearly wanted to give herself ‘room’ having ordered a review to consider all aspects of its mandates, targets specifically inflation, performance, operational tools, communication and policy setting, plus others. It clearly leaves the ECB in a holding pattern, but that holding pattern means its highly unconventional policies setting won’t change until the Strategy Review is complete.
We have been strong, on the idea, that the AUD is starting to find support against risk-off counterparts. AUD/JPY The best example of this is AUD/JPY. The cross is up solidly, and has been a trade that we have let run and continue to let it run as global growth improves and emerging markets
READ MOREAustralian dollar The Australian dollar declined against the USD on Friday as the market reacted to positive US jobs numbers. Data from the Bureau of Labour Statistics (BLS) showed that the economy added more than 266k jobs. These numbers were boosted by the end of the General Motors strike. The market had low expectations on
READ MOREThe Japanese yen strengthened slightly against the EUR as the markets reflected on the new stimulus package by Shinzo Abe. The $121 billion stimulus was the first since 2016 and will be used to repair the damage caused by the recent typhoon, upgrade infrastructure and invest in new technologies. These funds will be used in
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