About: anakin

This week, the market’s focus will primarily revolve around the Bank of Japan’s rate decision. Investors are eagerly anticipating any statements from the bank’s governor Kazuo Ueda, especially after observing the impact of the strong Japanese Yen arising from a weakening US Dollar. In addition to this, consumer price index (CPI) and gross domestic productContinue Reading

The Forex market’s landscape is constantly evolving, with various countries emerging as key players based on the number of active traders.  In 2023, according to data provided by Forex Broker Report, there’s been a significant global distribution of Forex traders. This spread is largely influenced by the intricate dynamics of advanced financial systems and regulatoryContinue Reading

In the fast-paced world of Forex trading, where fortunes can be made or lost in the blink of an eye, the importance of selecting the right trading approach cannot be overstated.  Today, over 70% of traders rely on algorithmic trading methods, as revealed by the research report “Predictive Assessment of Electronic Trade Dynamics: 2022-2027“. ThisContinue Reading

The stock market soared to record highs as the Dow Jones Industrial Average closed at 37,248.35 points, marking a 0.43% increase, spurred by a drop in the 10-year Treasury note yield. This surge resonated in the S&P 500 and Nasdaq, both climbing upwards. Investor confidence in a potential soft economic landing for 2024 grew, withContinue Reading

The stock market surged to historic heights as the Dow Jones Industrial Average closed above 37,000 for the first time, fueled by the Federal Reserve’s indication of upcoming rate cuts amidst eased inflation projections. This move drove notable gains across indices and sectors, with banking stocks like Bank of America and Wells Fargo rising significantly,Continue Reading