Blockchain is a secure, tamper-resistant system that enables individuals to carry out transactions without the need for a central authority. It has applications ranging from payments to land titles. It is a digital ledger shared across an extensive network of computers, making it virtually impossible to alter or manipulate. The network updates its copies of…
Pepperstone Review: All You Need To Know!
Pepperstone is a forex broker that offers tight spreads, low commissions, and fast execution. It also has a high level of client satisfaction and supports many different trading platforms. Pepperstone offers clients access to a wide range of trading instruments. It also provides lightning-fast execution systems for traders who want to maximize their profits. The…
Fed Chairman Powell Reassures Markets
Powell: “I expect a significant drop in inflation in 2023” Fed head jerome powell gave a speech yesterday February 7, 2023 saying that further rate hikes needed to cool inflation. The speech was in response to the strong jobs report released last week. Inflation has been slowing since the Fed raised rates a quarter of…
NFP Beyond Expectations in Jan 2023
Non Farm Payrolls Positive Data in January 2023 January 2023 NFP data spiked to 517k versus 185k expected, and unemployment rate also fell to 3.4%. This figure was well beyond expectations, with an estimate standing at 185k and suggests a strong jobs recovery. The US non farm payrolls (NFP) data, usually released on the first…
The ECB Raises Rates by 50 Basis Points
The rate hike continues Yesterday 2 February 2023, the European central bank (ECB) raised interest rates by 50 basis points. The ECB said that it would stay the course in raising interest rates significantly at a steady pace, and new hikes were expected in the coming months. 1. The euro fell 20 pips against the…
US Dollar Falls Despite Rising Interest Rates
The Fed Interest Rate Decision The Fed’s recent decision to raise interest rates 25 basis points on February 1, 2023 is the eighth straight hike in an attempt to tamp down high inflation. Despite this rate hike, the markets bet on the US dollar short, interpreting Jerome Powell’s word disinflation as an easing of the…
How to Succeed in Day Trading: 7 Super Tips!
If you’re looking for ways to succeed in day trading, there are a few things you can start with. In this post, I’ll show you everything you need to know to be successful in day trading. I’ve summarized everything in seven easy-to-follow steps, a step-by-step guide that will structure you as a day trader. You…
What is an Exponential Moving Average?
What is an Exponential Moving Average? An exponential MA is a kind of moving Average (MA%) which places more importance and weight on recent information points. Essentially, it involves taking the arithmetic average of all previous periods and then adding the new point weighting amount for the current period. The exponential moving average has a…
What is a trend? Definition And Strategies
What is a trend? Trend is the general direction that a particular factor is moving over a given period of time. For instance, if the profits of a business increase by ten percent annually for five years, this business has a trend toward increased profit in coming years. The current trend direction can be called…
What is a breakout? Definition & Strategies
A breakout is when particular prices pass through a point of resistance or support and remain through that area of resistance or support. Typically on the chart there is a breakout when price of an asset or pair breaks out of a lower range pattern or area. This can then indicate that the underlying asset…