Fed and ECB Decisions to Determine Market Direction The greenback lost against some of its pairs last week but this week presents some fresh opportunities for it to bounce back. Fed and ECB decisions are…
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Loonie Dips Amidst Oil Prices Slump and NAFTA Talks Continue
NAFTA Talks and Oil Oversupply Affect Loonie The Loonie was affected by NAFTA related talks and the issue of oil oversupply, with the currency also affected by the underwhelming PMI report Tuesday, June 5: Dollar…
Euro Continues to Slip against Major Competitors Amidst Italy’s Political Turmoil
Political Turmoil in Italy and Spain Causes Euro Slump Italy and Spain have been embroiled in political turmoil over the past week and this has led to the euro recording losses over its major trading…
Dollar Dips as FOMC Minutes Causes Disappointment
FOMC Minutes Help Push Dollar Lower The USD had a rather average week at best before the FOMC minutes were released on Wednesday, which helped send the currency tumbling even lower. Despite all that, it may…
How High Can The Greenback Go?
The Greenback Keeps Rising Despite facing some corrections last week, the USD recorded strong gains alongside bond yields. Will the Greenback be able to continue this uptrend? We will find out in this action-packed week of events, with…
The Greenback Performs Excellently Despite Weak Retail Sales
Weak U.S Retail Sales Report Didn’t Deter the U.S Dollar The greenback performed excellently thus far this week despite the weak retail sales report published on Tuesday. Monday, May 14: Dollar Rebounds, Euro Dips on…
BEGINNER’S GUIDE: What is a Forex Pip?
A pip, or point, is a way to measure price movement in the Forex market and determines the profit or loss of the trade. A pip in most currencies is 0.0001. For example, at the…
Why So Few Forex Signals?
A recurring question we have been asked lately is, “why so few Forex signals this past month?” We are well aware that the last few weeks have not been very active resulting in fewer trade signals…
Has the Greenback Peaked?
Will the Greenback Continue its Recent Strong Showing? The greenback had a positive week as inflation data and other market moving events took place. It started the week reaching new highs only to retreat later…
Greenback Records Gains Despite Less Than Expected NFP
NFP Reports Gives US Dollars Edge against BGP, EURO The NFP jobs report, although less than expected, still showed some recovery. The increase was enough to see the greenback record gains against its major competitors,…
