OverviewIn recent months, there has been significant proliferation of affordable, reliable, fast internet acrossthe African continent, resulting in a remarkable increase in the rate of forex trading in mostcountries.However, it is not surprising that widespread internet access would result in businesspeople,entrepreneurs, and others finding new ways to grow their wealth online, but Africa has a […]
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The greenback ended the day with modest gains against most major rivals. Geopolitical tensions in Afghanistan and comments from US Federal Reserve Robert Kaplan, who said that September would be the time to outline tapering and start it in October, were behind the slump. James Bullard, another member of the central bank, also made comments in the same direction. […]
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Life, like Forex, comes down to choices and decisions… or wait, should I say, Forex, like life, comes down to choices and decisions. Either way, you get the point. A while back, thanks to the ‘modern miracle’ called Facebook, I got reacquainted with my childhood best friend, whom I hadn’t seen in nearly twenty years. […]
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The market mood has improved amid speculation that the Fed refrains from early tapering amid the rapid spread of the Delta covid variant. The safe-haven dollar is reversing some of its gains. Preliminary PMIs are high on the agenda, and Bitcoin is on the rise. After a week dominated by concerns that the Federal Reserve […]
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Sometime ago, when I started writing this blog, I had to make a pledge that I will not involve politics, nor any of my political views. Being a political scientist in my original vocation, I must admit, that has been hard for me, but I kept my word. But the past couple of months, or […]
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Fibonacci is a huge subject and there are many different Fibonacci studies with weird-sounding names but we’re going to stick to two: retracement and extension. Few days ago my brother overheard me talking about the market and when I mentioned Fibonacci levels, in awe and surprise he almost yelled at me – What does Fibonacci has to do […]
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The American dollar retained its dominance across the FX board, ending the day up against most of its major rivals. The greenback suffered a temporal setback mid-US afternoon, following the release of the FOMC Meeting Minutes. The document showed that some participants suggested that it would be prudent for the committee to prepare for starting to reduce its […]
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I plan things down to the smallest detail. Even before smartphones and Google calendars, I had my day planned down to the second, back in the day my Franklin Planner was so full of notations you needed a Ph.D. just to figure out where my next appointment was. I just like to plan ahead; it’s […]
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‘Oh man, one of THOSE guys…’ You know the type, Mr. I Know Everything About Anything and My Goal in Life is to Make sure you Know that I know… Everyone knows one these ‘charmers,’ and unfortunately, I ran into one of them the other day on an unannounced visit to my brother’s house. As […]
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On Tuesday, the US reported disappointing Retail Sales figures for July, adding to the gloomy mood and keeping the safe-haven dollar bid. Headlines sales dropped by 1.1% in July. The Reserve Bank of New Zealand surprised markets by leaving its interest rates unchanged at 0.25% instead of raising them. While the RBNZ is set to hike borrowing costs later […]
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