Last week, the ECB surprised the market by raising 0.25% interest to 4.50% but at the same time signaled this was likely to be its last. This week, it is the US FOMC Interest Rate Decision. Will they surprise the market too?
This week we have a few important economic announcements that might make the market volatile. The US inflation rate is expected to go up in August. This is an important indicator to monitor as it will show whether inflation is coming back.
Jackson Hole Meeting ended last Saturday and more news will come out on coming Monday. US Fed Chairman Jerome Powell gave a speech last Friday and his tone is hawkish, which you should have already observed on last Friday’s EURUSD price action.
Jackson Hole Meeting, the annual global central banking conference is coming this in this Thursday 24 Aug till 26 Aug.
We have witnessed strong volatility in last month’s CPI announcement. Now CPI is coming on this Thursday and PPI is coming on this Friday.
Last week, in the FOMC Interest Rate Decision meeting, Fed raised the interest rate to 5.50% as expected which is in line with market consensus. In the Q&A session, some analysts observed a swift focus on the response of the Fed. Let’s look into some changes in the focus here.
Before you deal with profit for trading, you should always define your risk before you start to trade. This is one of the most basic concepts for trading. Always deal with risk and profit for all your trade. However, for the martingale trading strategy, it is very common that there is no stop loss for each trade. Does it mean all martingale has no risk management? We will discuss risk management for Martingale Trading Strategy from a few perspectives in this article.
There are so many forex brokers in the world and each of them always claimed they are the best, providing lightning-speed execution, fastest deposit/withdrawal, lowest commission and etc. Every trader will have to do their own research and due diligence before they sign up a new broker and we know it could be very confusing sometimes when you go through the review on the Internet. Today, we will discuss important trading condition criteria when you choose forex brokers to run our Expert Advisors (EA).
After Australia and Canada raised their interest unexpectedly in the last two weeks, will US Federal Reserve follow the same? and what will European Central Bank (ECB) do on their interest decision?