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FX Articles
Sell NZDJPY - Trade With Big Potential [Newsletter Sep 15]
As we said, the main risk to further continued JPY weakness is actual intervention from Japanese authorities. They have already expressed dissatisfaction...
FX Articles
Pound Falls to its Lowest Level Since 1985 as the Crisis Bite is approaching
As the dollar rose and there was growing evidence of a UK recession, the pound fell to its lowest point in nearly four decades; although the pound is struggling thanks to Brexit since 2016, this drop is the most significant. Sterling hit $1.1351, its lowest level since 1985, down as much as 1%. The latest blow came from statistics released on Friday that showed UK retail sales declined at their fastest rate in eight months in August as consumers reined in their spending due to the increasing cost of a living issue and declining confidence.
FX Articles
FXGM ZA Review: Exploring what is unknown yet
Before the era of online trading, it was a tedious task to buy and sell goods and services. Fortunately, online trading has brought a more extensive perspective to it. At large, everyone can enjoy its perks due to its easy and convenient trading options. Many brokerage firms have generously opened their gates to host a digital trading platform for potential investors.
FX Articles
AUD hurt by the global slowdown is not helped by RBA rate increases
The Australian dollar is headed towards a multi-year bottom, and the central bank doesn't seem to be able to halt it. Since May, the currency has fallen by around 3% as pressure from China's weakening growth and a stronger dollar mounts. Numerous interest rate increases haven't offered much help, and according to the Commonwealth Bank of Australia, the AUD will soon fall to 62 US cents, its lowest point since April 2020. 
FX Articles
Declining Reserves Put Asian Currencies at Stake
There are worries that the significant decline in emerging Asian monetary authorities' foreign exchange reserves may limit market interventions to stop currency depreciation in the light of the powerful USD. The number of months of imports a nation can fund with its currency exchange holdings, a highly monitored indicator of reserves cover, has fallen to approximately 7 for EM Asia ex-China, the weakest since the global financial crisis in 2008. It increased from roughly 10 months at the start of the year to as much as 16 in Aug 2020, indicating a decline in the ability of emerging nations to protect their currencies.
FX Articles
Sports Betting vs Trading: 4 Differences & Similarities
Betting is one of the favorite and most profitable pastimes of many. The rush you get while watching the game you’ve invested money in is one of a kind. However, some people compare sports betting with trading. In both, you have invested some money, and you wish to turn it into a more substantial amount. In this article, we’ll figure out how comparable sports betting, and trading actually are, so read on.
FX Articles
USDJPY: Breakout but Beware Intervention [Newsletter Sep 9]
The main risk to holding long USDJPY positions is intervention from the BOJ. On the other hand, the main risk to trying to pick a reversal here by shorting USD
FX Articles
As Russia Sabotages Gas Supplies, the Euro and Stocks Decline
Following Russia's escalation of the continent's energy shortage by cutting off crucial gas supplies, European stocks fell for the sixth time in a week, and the euro plunged to a 20-year low, portending a long, chilly winter for European states. In response to Russia's announcement that supplies through the Nord Stream pipeline would cease, European countries led by Germany announced measures to address a crisis in the cost of living and rising energy costs. The worst since 2002, the common currency fell as much as 0.8% on Monday to 98.78 US cents.
FX Articles
Looking to Short EURUSD Post ECB Meeting [Newsletter Sep 2]
On balance, a sustainable break below parity (1.00) looks like a more probable scenario now than a return above it, for example toward 1.05.