USD/JPY falls in risk off trade USD/JPY is heading lower for a third straight session. Risk off trade is boosting demand for the safe haven yen in addition to a tick higher in Japanese inflation to 0.8% YoY in December, up from 0.6%. The minutes from the latest BoJ meeting also showed that policymakers saw …
The oil shakeout begins WTI’s rally up to (and beyond) the October high was nothing short of impressive this week. We expected a bit more resistance around $85 than we saw but after a few false attempts at cracking $85.50 bulls seemingly closed out to book profits. Yet a momentum shift suggests fresh shorts have …
European Open: Risk-off extends its reach to Asia, gold to shine? Read More »
Today, in the Forex Hub, we’re going to be talking a bit about the top 3 Proprietary Trading Firms in the world. What is a Prop Firm? Prop firms (short for Proprietary Firm) are large companies that offer traders with huge capital to trade. This interaction between a trader and the company is guided by …
Given the huge rise in COVID -19 numbers and the discovery of the new and very fast spreading micron variant amidst speculations of a bearish year for the US economy, the dollar appears to be showing some prospects on the technical front though short term. The economic growth is expected to decelerate rapidly to a …
Given the huge rise in COVID -19 numbers and the discovery of the new and very fast spreading micron variant amidst speculations of a bearish year for the US economy, the dollar appears to be showing some prospects on the technical front though short term. The economic growth is expected to decelerate rapidly to a …
Investors looking for signs as to where Bitcoin will go next should pay attention to what the options market is saying. After dipping below $40,000 for the first time since September on Monday, the world’s largest cryptocurrency rallied this week. Holders were thrown off by the fall. For starters, it was a 40% drop from …
Bitcoin Bullish Investors Look At 40,000 As A Bottom And a New Support Level. Read More »
