GDP measures economic growth, with higher values suggesting a strong economy and potentially a stronger currency. Inflation rates impact purchasing power; high inflation can weaken a currency, while moderate inflation might indicate economic...
AUD/ USD Price Action We are currently dissecting the dynamic pricing behavior of the AUD/ USD currency pair. The current scenario shows buyers' dominance in the order book. Despite this, the pair has a significant potential for decline, indicated...
To use forex trading robots and Expert Advisors (EAs) effectively, start by selecting a reputable and verified robot or EA. Backtest the system on historical data to gauge its performance across different market scenarios. Regularly monitor the EA’s...
The carry trade strategy involves borrowing a currency with a low-interest rate and investing in a currency with a higher interest rate. The goal is to profit from the interest rate differential. Experienced traders use this strategy to take...
Gold Price Action Patterns Today's focus is on analyzing gold price movements. After the European session, gold gained momentum yesterday, steadily rising past the $2,379 mark. The yield on 10-year US Treasury bonds fell by more than 0.9% following...