Category: Traders
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Why Do Part-Time Forex Traders Even Try?
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Forex trading is a hobby you do after work (or maybe during work) and do if you have enough strength to keep your eyes open. You don’t have the trading experience to spend your time on it, but it’s your dream. And it’s a great dream. But the days seem…
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Top economist Mohamed El-Erian says traders are too aggressive on Fed rate cut expectations
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Mohamed El-Erian said traders are overestimating the chances of the US Federal Reserve making sharp interest rate cuts before the end of the year. “It’s problematic in my mind that the market is pricing in a lot of price cuts right now,” said El-Erian, president of Queens’ College, Cambridge. Bloomberg…
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Top economist Mohamed El-Erian says traders are too aggressive on Fed rate cut expectations
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Mohamed El-Erian said traders are overestimating the chances of the US Federal Reserve making sharp interest rate cuts before the end of the year. “It’s problematic in my mind that the market is pricing in a lot of price cuts right now,” said El-Erian, president of Queens’ College, Cambridge. Bloomberg…
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Dollar hits year low versus euro as traders await data and Powell By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar fell to its lowest level this year against the euro on Wednesday as traders braced for potentially crucial revisions to U.S. jobs data later in the day, ahead of a speech by Federal Reserve Chairman Jerome Powell at the end of the…
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Dollar hits 7-month low, yen gains as traders wait on Jackson Hole By Reuters
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By Karen Brittl NEW YORK (Reuters) – The dollar fell to a seven-month low and the Japanese yen hit its highest in more than a week as traders awaited comments from Federal Reserve Chairman Jerome Powell this week that are likely to signal the U.S. central bank will start cutting…
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3 Unusual Tips for Newbie Forex Traders
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Are you tired of the good old trading tips for beginners? Here are some unusual (but very useful!) tips I’ve received from trading professionals: 1. Don’t look at profit and loss. Wait, what..? That’s right, close the P/L tab on your trading platform or cover this panel with tape if…
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Traders move into Base Dawgz presale as Brett leads top memecoin gainers
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Traders are rushing to invest in Base Dawgz during the presale, aiming to replicate the success of the leading Base memecoin, Brett. Profit-hungry traders are seeing the success of Base’s…
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Traders move into Base Dawgz presale as Brett leads top memecoin gainers
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Traders are rushing to invest in Base Dawgz during the presale, aiming to replicate the success of the leading Base memecoin, Brett. Profit-hungry traders are seeing the success of Base’s…
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A calmer mood set to greet European traders later today
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Major currencies are mostly trading little, with USD/JPY even staying below the 100-point range for the first time in Asia this week. Overall, the USD has been trading slightly lower, but today’s moves leave a lot to be desired. Here’s an overview of the current USD pairs: US weekly jobless…
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Dow jumps 285 points as traders try to extend comeback from big sell-off
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Lucky Photographer/Shutterstock U.S. stocks rose on Wednesday as traders tried to extend a rally that began on Tuesday following a recent sell-off. The Bank of Japan indicated that it will pause interest rate hikes in the near term, boosting investor sentiment. Major stock indices, with the Dow Jones up about…
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NZD traders – Westpac forecasts the RBNZ to cut by 25bps in October and November 2024
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Reserve Bank of New Zealand forecast from Westpac Bank in New Zealand. Westpac revises RBNZ rate cut forecast, now sees easing in October, November Westpac now expects the Reserve Bank of New Zealand to cut the official cash rate by 25 basis points to 5.25% in October. The official interest…
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Dollar steady ahead of start of Fed meeting; traders remain wary By Investing.com
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Investing.com – The U.S. dollar was largely steady on Tuesday, with traders cautious ahead of the Federal Reserve’s latest interest rate-setting meeting. At 05:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was slightly higher at 104.342, trading within a narrow…
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Traders on edge as KRA goes for unpaid old taxes
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The Kenya Revenue Authority has sent letters to dozens of businesses notifying them of overdue VAT balances accumulated before the introduction of iTax in 2014, which could hit those unable to provide proof of payment with invoices running into millions of shillings. Most of the balances date back more than…
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Unlocking Capital: How Life Insurance Can Be a Strategic Tool for Savvy Traders
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Life insurance is often seen as a means of financial protection for loved ones. However, it also presents unique opportunities for traders looking to unlock additional capital. In the UK, using life insurance as a financial tool can provide traders with a flexible and secure way to boost their trading…
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Traders pause for breath after Wall Street wipeout. What’s next?
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nopparit/E+ via Getty Images Stocks keep going up, until they don’t. The Nasdaq (Compound: Indian) suffered its worst day of 2024 on Wednesday, with the technology-based index falling. Slippage more than 3% For the first time in over 400 trading days. That has wiped hundreds of billions of dollars in…
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Yen rises as traders look to BOJ, while dollar holds steady By Reuters
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By Harry Robertson and Ray Wee LONDON/SINGAPORE (Reuters) – The yen rose on Tuesday as investors reacted to comments from a senior Japanese politician that added to pressure on the Bank of Japan to keep raising interest rates to shore up the currency. Meanwhile, the dollar rose slightly as traders…
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Pi Network price stalls as traders wait for the ‘real deal’
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The Pi Network token price has been in a consolidation phase since March as investors await the promised mainnet launch. Pi Network Price Chart IOU token remained stuck at $40 in a low volume environment. Pi Network Mainnet Launch There are indications that Pi Network developers are preparing to launch…
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Bitcoin Option Traders Are Betting On A Price Breakout Ahead Of US Elections: QCP Capital
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Bitcoin has been on a steady rise over the past seven days, returning to the $61,000 and $67,000 areas where it spent most of the second quarter. This positive performance comes despite fear, uncertainty and doubt due to speculation about Mt. Gox repaying its customers. Interestingly, recent trading data has…
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Traders eye return to business as usual after cyber outage, issues remain By Reuters
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LONDON/NEW YORK (Reuters) – Trading returned to normal on Friday after a global technology outage that disrupted operations at financial firms from London to Singapore and New York, although some problems remained, including an outage at some JPMorgan Chase ATMs. A software update has wreaked havoc on computer systems worldwide,…