Avoid Trading On News

December 25, 2023Posted inProduct Update

What moves the Forex price? For stocks, it is probably a lot more obvious. The company is getting good growth, they launch new products that might get more market share, and the growth of their earnings per share might impact the stock price positively. How about forex? It’s a currency between two countries or multiple countries ( eg. EURUSD is Europe vs United States). The reason to move the price could be a new policy from a government of the currency, some VIP mentioning something in a public speech, political and subtle changes in the region or nearby countries, or an announcement of a recent economic indicator.

EURUSD Market Update 10 Dec 2023

December 10, 2023Posted inMarket Update
market-update-Limitless-Trading

Last week, NFP surprised the market by having higher-than-forecast results. NFP turned out to be 199K instead of the forecast of 180K. The US unemployment rate also reduced to 3.7%, better than the consensus of 3.9%. These number has proved that the US job market is still hot.

This week, we will have the most eventful week in December.