© Reuters. Nigeria’s external debt has surged by N13.38 tn ($17.38 billion) in the second quarter of 2023 due to a significant devaluation of the naira and changes in foreign exchange policies, according to data from the Debt Management Office (DMO). The country’s external debt rose to N33.25 tn ($43.16bn) in Q2 2023 from N19.64
EUR/USD: Verbal Interventions by the Federal Reserve Support the Dollar ● In previous reviews, we extensively discussed the verbal interventions made by Japanese officials who aim to bolster the yen through their public statements. This time, similar actions have been taken by FOMC (Federal Open Market Committee) officials, led by the Chairman of the Federal
It is FOMC day with the expectation for no change in policy by the US central bank. The focus will be on the details of the dot plot and central tendencies along with the statement in the Q&A from Chair Powell. Traders can have their bias, but with the Fed thought to be a crossroads
A good Stop Loss setting is the most important thing of trading system. Let’s say you have init balance 1000USD , you entry a order and lost -50% , then you left 500usd only , which mean you have to make your account increase 100% to recover to 1000USD ( 500 * 200% = 1000)
EUR/USD: ECB Triggers Euro Collapse ● The past week was marked by two significant events. The first was the release of Consumer Price Index (CPI) data in the United States on September 13. The second was the meeting of the European Central Bank’s (ECB) Governing Council on September 14. Regarding the first event, the annual
© Reuters. The Central Bank of Kenya (CBK) has imposed a limit on the amount of U.S. dollars that money remittance firms can sell to customers each day, in an attempt to regulate the market amid declining forex reserves. The directive, which was implemented on Thursday, restricts these firms to transactions of a maximum of
13th Sep 2023 Forex Market Strategy US Dollar get support at the bottom of the up channel, according to our data analyze , US Dollar is still at the bullrish middle-long term. Today’s strategy (13th Sep 2023) 1. Short(sell) EUR/USD, GBP/USD, AUD/USD when it’s at high. 2. Long China CN50 لینک منبع : هوشمند نیوز
In the world of forex trading, timing is everything. Knowing the optimal times to trade can significantly impact your trading success. One invaluable tool that can assist traders in this endeavor is the Forex Market Hours GMT Trading Session MT4 Indicator. In this article, we’ll delve into the importance of market hours, the functionality of
In the world of forex trading, staying ahead of market movements is crucial for success. To achieve this, traders rely on various tools and indicators to make informed decisions. One such powerful tool is the Forex Factory Calendar MT4 Indicator. In this article, we will delve into the intricacies of this indicator, how it can
EUR/USD: September 13 and 14 – Key Days of the Week ● For the eighth consecutive week, the U.S. Dollar Index (DXY) is rising, while EUR/USD is declining. The currency pair has retreated to levels last seen three months ago, settling in the 1.0700 zone. It was only the dollar bulls starting to lock in
