USDJPY touched a 20-year high during early morning trading on Wednesday as a strong US CPI print overnight (CPI 1.2% vs 1.2% estimated – Core CPI 0.3% vs 0.5% estimated) help to fuel bets that the Fed will in fact raise interest rates by 0.50% at their next meeting. With the BOJ sticking to a […]
What is CPI? CPI stands for Consumer Price Index What is it for? CPI examines the weighted average of prices of a bundle of consumer goods and services It serves as an economic indicator that measures the inflation/ deflation faced by end-user & determining the purchasing power of the dollar What is included in the […]
With inflation on everyone’s mind, today’s US CPI print is a must-watch event for traders. This announcement should help confirm to the Fed if a 50 basis point hike is needed at their next meeting, which would further boost the USD compared to other pairs. EURUSD Looking at EURUSD, we have seen a steady downtrend […]
Economic Calendar Tuesday- US CPI Wednesday- GBP CPI, New Zealand, and Canada Interest Rate decision, Crude oil inventories Thursday- EUR monetary policy statement Good Friday- All major banks closed Important Headlines Another China property developer ZHENRO defaults on its bond interest payment and Fitch Ratings downgraded Zhenro to restricted default. The company said that its […]
Economic Calendar No important announcements to end the week. French presidential election on Sunday. Important Headlines Shanghai lockdown is continuing to affect the global economy due to logistical and manufacturing limitations among many other factors. Flight activity to Shanghai Pudong Airport is only 3% of the previous month’s and air cargo shipments are restricted to […]
Trading with VPS has been gaining popularity recently in the retail trading communities and there are solid reasons why. Ultra-Low LatencyThe main reason why traders sign up for VPS is their concern for latency and the impact on their bottom line performance. Network latency is a term used to describe the delay in communication over […]
Are you new to the trading industry and have no idea which trading platform is best for you? Or are you a seasoned trader and want to explore new trading platforms? We are going to learn about the key points to consider when choosing a trading platform in this article. Then, we will lay out […]
Economic Calendar Tuesday- AUD interest rates Wednesday- US Crude oil inventories/ FOMC minutes Important Headlines USOIL H4 Crude oil is trading below its 4-hour trendline and the key level of $100 is weighing down on its price. As discussed last week, the US is releasing its oil stockpile starting in May while OPEC+ is also […]
Economic Calendar There are two important reports to end the week and start the new month and the quarter off, the Non-farm payroll and the unemployment rate report. It is highly probable that there will be a lot of price spikes later tonight as investors and financial institutions look to initiate new investment positions Important […]
