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Showing results for: "daily market news"

Equity Market Soars After U.S. Government Shutdown Averted

The dollar index held steady, while U.S. treasuries maintained robust levels when the threat of a U.S. government shutdown was averted. Global equity markets surged on the heels of reassuring news: the threat of a U.S. government shutdown was averted, instilling confidence across the board. Although tempered after breaching the $106 threshold, …

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How To Identify Market Trends For Trend Trading Strategies

The trend trading strategy is a popular strategy employed by many traders seeking to capitalise on sustained price movements in the financial markets. By learning how to identify market trends and adhering to these trends, traders aim to ride the wave of momentum and potentially generate profitable trades. In this article, we …

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Equity Market Slides Ahead Of NFP Release

Renewed fears about the banking crisis have caused investors to turn risk-off even as gold hits a new high While investors are still digesting the recent rate hike by both the Fed and the ECB, the equity markets continue to slide with the renewed banking turmoil. Several regional banks in the US …

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How Do Contrarian Traders Use A Contrarian Trading Strategy

In the dynamic world of financial markets, a contrarian trading strategy could provide an intriguing approach for traders and investors. Contrarian traders challenge the prevailing market sentiment and seek trading opportunities when others are pessimistic or overly optimistic. By going against the crowd, these savvy investors aim to profit from market reversals. …

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Intensifying Middle East Conflict Bolsters Gold Price

Escalating tensions in the Middle East ahead of the U.S. The President’s visit to Israel cast a shadow. Gold and oil prices rallied amid stalled ceasefire efforts in Gaza. Escalating tensions in the Middle East cast a shadow as the anticipated visit of the U.S. President to Israel looms on Wednesday. Against …

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Dollar Softens As Middle East Tension Eases

U.S. President Joe Biden’s upcoming visit to Israel signals a show of support, bolstering market confidence. Amid escalating Middle East tensions, Western allies have intensified diplomatic efforts. U.S. President Joe Biden’s upcoming visit to Israel signals a show of support, bolstering market confidence. Equities surged, reflecting improved risk appetite, while traditional safe-havens …

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How Is The Israel-Hamas War Affecting Oil And Gold Prices

What Is The Israel-Hamas War About? The Gaza-Israel conflict, commonly referred to as the Israeli-Palestinian conflict, is a protracted dispute between Israel and the Palestinian organisation Hamas. The conflict has gone on tumultuously for decades, but Hamas decided to launch an unprecedented attack against Israel on 7 October by deploying armed troops …

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Dollar Mutes Ahead Of Nonfarm Payroll

Before the release of Nonfarm Payroll, U.S. equity markets exhibited a subdued stance, mirrored by the sideways movement in the dollar index and gold prices. U.S. equity markets exhibited a subdued stance, mirrored by the sideways movement in both the dollar index and gold prices, all eyes turned toward the eagerly anticipated …

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Understanding What Is Swing Trading For Beginners

The Swing trading strategy is a popular trading method that aims to capture short- to medium-term price movements in the financial markets. Some of the reasons why traders choose to use swing trading strategies include the capability of generating more frequent profits from shorter-term price fluctuations within a broader market trend, and …

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Understand The Pros And Cons Of CFD Trading

CFDs Are Great For Speculating On Price Movements But There Are Risks CFD trading allows you to speculate on the price movements of various financial instruments, such as stocks, indices, commodities, and currencies, with the added benefit of leverage. However, CFD, which is the short form of Contract For Differences, also carries …

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Yen Strengthens With Possible BoJ Policy Tweak

BoJ Governor Ueda suggests that by year-end, sufficient data will be available to evaluate the sustainability of wage growth and inflation in Japan. Bank of Japan (BoJ) Governor Ueda’s hawkish statements over the weekend have contributed to the strength of the Japanese Yen during the Asian morning session. Ueda mentioned that the …

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Can Position Trading Be A Long-Term Investment Strategy?

Position trading is a popular investment strategy that allows traders to take advantage of long-term market trends. By holding positions for extended periods, position traders aim to capitalize on significant price movements and maximize their investment returns. Unlike short-term trading or day trading, which focus on quick profits from short-lived price fluctuations, …

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Aussie Dollar Gains Ahead Of RBA Rate Decision

The disappointed PMI reading indicates a lack of optimism in the manufacturing sector Investors await the RBA’s interest rate decision, expecting a 25 bps rate hike. Despite Australia’s CPI dropping to 5.6%, it remains distant from the 2% target. Meanwhile, the Purchasing Managers’ Index (PMI) readings in both the United States and …

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What Is A Breakout Trading Strategy

Breakout trading strategy has gained significant popularity among traders seeking to capitalize on powerful price movements in financial markets. By identifying key breakout points, traders can ride the wave of momentum and potentially increase their chances of success. In this comprehensive guide, we will explore the ins and outs of a breakout …

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Powell Signals Higher Rates

On the first day of Jerome Powell’s two-day testimony before the House, the Federal Reserve Chair delivered a semi-annual monetary policy report. The equity markets and the dollar both experienced declines as Powell took a hawkish stance, stating that the central bank would need to raise interest rates further to curtail U.S. …

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US Federal Reserve Signals June Hike Skip

Focus has shifted from the US debt ceiling back to macro data and the Fed’s benchmark interest rate The dollar experienced its largest daily decline in almost a month as U.S. manufacturing data and statements from Federal Reserve officials reinforced expectations of a potential interest rate hike delay. Meanwhile, the euro rebounded …

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Is The Fed Skipping The June Rate Hike?

Over 70% of punters are now betting on a hike pause at the upcoming FOMC meeting The focus of attention is currently directed towards the U.S. Senate, where the passage of the debt limit is being closely observed. Concurrently, senators are engaged in debates concerning 11 amendments to the bill. The value …

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Biden-McCarthy Talks Productive

Both President Biden and the House Speaker claimed that yesterday’s meeting on the debt-limit bill has a productive outcome but both parties are yet to come to an agreement. Meanwhile, U.S. treasury secretary Janet Yellen, reiterated that the department will run out of cash in early June. The dollar index has strengthened …

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Understanding Indices Trading And How To Trade Them

Indices trading can provide several benefits to traders, which includes allowing diversification of trade, access to multiple major markets and cost effectiveness. Find out exactly what indices trading is and how to trade indices in this comprehensive guide.  What Are Indices Indices are key indicators in the financial markets, serving as a …

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Nasdaq Leads Wall Street Rally as US Tech Earnings Shine

The tech-heavy index is up over 2.7% on the day, with companies like Meta Platforms leading the rise Nasdaq led a Wall Street rally driven by robust earnings from US tech firms, despite concerns over US economic growth. Meta Platforms saw the biggest gains after forecasting quarterly revenue above estimates, citing AI’s …

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What You Need To Know About CFD Trading

Content: What Are CFDs?What Are The Advantages Of CFDs?What Are The Risks Of Trading CFDs?What Does Going Long Or Short Mean In CFD Trading?What Are The Costs And Fees Incurred In CFD Trading?Leverage In CFD Trading ExplainedMargin In CFD Trading ExplainedCFD Trading Strategies Contract For Differences (CFDs) are financial contracts that enable …

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4 Benefits Of Using MT4 For Forex Traders

The MetaTrader 4 (MT4) platform is widely used by traders all over the world, due to its ample benefits. Here are reasons why Forex Traders should use MT4. MT4 Provides Great And Extensive Tools The MT4 platform contains more than 30 native technical indicators that reveal information about major trends and trade …

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Geopolitical Headwinds Overshadow Crude Inventory Drop

On Wednesday evening, the EIA Crude Oil Inventories was released, with a draw of 5.4 million barrels – almost 5 million higher than the expected draw of 440,000 barrels. This puts current inventories at 435.4 million barrels, 4% below the 5-year average for this time of the year.  Normally, a larger-than-expected drop …

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Understanding The Basics Of Fundamental Analysis

When formulating a trading strategy, traders employ various tools that can be broadly classified into two types of analysis methods: technical analysis and fundamental analysis. Although there are differing opinions on each approach, there is no definitive answer as to which trading strategy is “superior.” Each analysis method has its own advantages, …

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How to Use PU Prime’s Resources to Become a Better Trader

While PU Prime puts a vast amount of resources at your disposal, the large amount of information available might be a little daunting to navigate for the beginner trader. Here, we break down the available resources, and how you can use them to make informed decisions about your trading. Educational Info No …

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The 5 Most Common Mistakes Made By Beginner Forex Traders

Most Forex Traders Who Are Just Starting Forex Trading Tend To Make Mistakes Becoming a forex trader and entering the world of forex trading can be an exciting endeavor. It’s a market brimming with potential and opportunities. However, for many beginner forex traders, the journey is often marked by a series of …

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How to efficiently managing risk

Any analyst or trading guide will tell you how important it is to manage your risk. However, how does one go about managing that risk? And what exactly do they mean by managing risk? Here is a step-by-step guide to one of the most important concepts in financial trading. 1. Determine Your …

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What is currency

Currency, or foreign exchange, often abbreviated as forex or simply FX, refers to the exchange of global currencies on a decentralised market place – also known as over the counter (OTC) currency exchange. The foreign exchange market is the largest and most liquid market in the world, with an average daily trading …

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