Tuesday , March 19 2024

Recent Posts

EUR/GBP posts eighth consecutive weekly gain

trading-forex

The euro finished the week among the top performers in the currency market boosted by risk aversion; the pound, on the other side, dropped sharply amid fears of Brexit and a slowdown in the UK economy. EUR/GBP rose more than 300 pips since the beginning of the year and it ...

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EUR/USD consolidates gains but remains limited by 1.10

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Risk aversion continues to support the euro. EUR/USD rose again to test daily highs but after reaching 1.0982 pulled back again toward the 1.0950. Stocks in Wall Street extended losses. The Dow Jones is falling 3% and the Nasdaq 3.55%. During the last hours the pair has been hovering between ...

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US State Of The Union: Obama optimistic on the economy

President Barack Obama

During today’s State of the Union Address in the United Stated, President Barack Obama stressed to focus on the future, initially making mention to the necessity of fixing a broken immigration system, protecting kids from gun violence, equal pay for equal work, paid leave, and raising the minimum wage. On ...

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Oil ends the week below $30.00 a barrel

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Crude fell more than 5% on Friday and dipped below $30 a barrel amid risk aversion and concerns that Iran will add to the supply glut. West Texas Intermediate crude for February fell 5.7% to settle at $29.42 a barrel on the New York Mercantile Exchange. It earlier scored a ...

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USD/MXN soars above 18.00, at new all-time-high

MexicanPeso

Another decline in crude oil prices and in stocks weakened further the Mexican peso. USD/MXN rebounded from 17.85, broke above 18.00 and jumped. It rose during all the American session and peaked at 18.32, the new record high. The pair is about to end the week near the highs with ...

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Learning From Adversity

TradeRoom

This is my second week in the Explosive Growth Mentoring Series trading room. I’ve been experiencing explosive growth in my account for sure. I opened a small account last Tuesday afternoon just for this room and it has done so well that I added cash to […]

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