Since Wednesday, there are two different perspectives among analysts regarding the post-FOMC speech by Jerome Powell, the President of the American Central Bank, where the American interest rate increased by 0.25%. Some feel that its tone was more subdued, while others feel that it was quite aggressive in parts. Every political position requires caution, but...
Category: Daily Blog
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FIBONACCI – The Powerful Tool for Trading
You may have heard that professional traders frequently discuss the significance of Fibonacci numbers and how they inform buying or selling decisions. But how does the role of these ubiquitous levels, rooted in straightforward mathematics, play in the market’s movements? The Fibonacci sequence is a significant set of numbers and ratios that occur in various...
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Learn to Trade: Practice and Improve with a Demo Trading Account
If you are a new/beginner trader or even an intermediate trader. It would be in your best interest to utilize all the tools given to you by your broker. Specifically, the use of a Demo Trading Account. What is a Demo Trading Account? A demo trading account is a simulated market environment offered by a...
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A Volatility indicator: Bollinger Bands
Volatility is the measure of the fluctuation in trading prices. How large the upswings and downswings are for a currency pair can become useful information when on the lookout for trading opportunities. Volatility indicators basically tell us whether the market is noisy with big swings or quiet and not moving much. There are multiple volatility...
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Understand The Trading Sessions
The forex market, also known as the Foreign Exchange market, is a decentralized marketplace that operates on a global scale. Specifically for FX trading, it is a 24hr market staying open for the full 5 weekdays. However, this does not mean that the market is always super active throughout the whole 5 days, and even...
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A Guide to Opening a Live MetaTrader (MT5) Account
Prominent brokers including ZERO Markets provide access to a broad range of financial assets, including Forex (foreign exchange trading), shares, commodities, indices and cryptocurrencies. Brokers partner with the world’s trading platform software company, MetaQuotes Software Corp. to offer several trading applications. The most popular software includes MetaTrader 4 and MetaTrader 5multi-asset trading platforms. MT5’s usage increased by 11.5% in the first quarter of...
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Bitcoin Forms ‘Death Cross’ and Price Pressure Shows No Sign of Easing
Analysts are turning to technical signals are a slew of news related to renewed crackdowns from China triggered a Bitcoin selloff. The recent downturn has seen the coin lose 40% over the past two months, forming the grim-sounding pattern, The technical analysis has formed a death cross, with its average price over the last 50...
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China’s Recovery in Consumer Spending will Give Clues to Post Pandemic Economic Outlooks
Analysts are watching closes for signs of meaningful pick in China’s consumer spending after the country posted its record expansion in the first quarter of 2021. The Wednesday data is expecting tosee a moderation in spending activities in May as the pandemic’s base effects started fading. According to Bloomberg Economists, retail sales slowed from 17.7%...
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The Dollar Gains 6% Against Yen Year to Date, What’s Next for Yen?
Notwithstanding the global economic recovery from the pandemic, Japan remains to be standing still, with its currency value eroding. The year 2021 saw the yen performing the worst among Group-of-10 currencies, slumped almost 6% against the dollar. Japan is the only economy that hasn’t shown signs of a rising interest rate. According to ZERO Markets’ Meta...
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Where To Invest $10,000 Dollar Right Now?
Value With Momentum — according to Feifei Li (Head of Equities, Research Affiliates) Value stocks are translated into momentum stocks in recent times as the vaccine rollout had fuelled a new prospect of growth that favors stocks that are value-oriented. Value investing refers to buying stocks that are valued cheaper relative to their fundamentals. On a quantitative investing basis,...