Newbie Forex Trading

S&P 500 daily The shortened US equity market session on Christmas Eve is often a formality but Santa Claus delivered this year. The 0.7% rally yesterday in the S&P 500 was followed with 0.8% today and the post-Fed rout has now been largely erased. S&P 500 +1.1% Nasdaq Comp +1.4% (led by +6% for TSLA)

Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by a slightly positive market outlook for the short term, despite thin trade ahead of the Christmas holiday. Brent crude futures were up 74 cents, or 1%, at $73.37 a barrel, and U.S. West Texas Intermediate crude futures also rose 74 cents, or 1.1%,

With China, it’s always hard to tell. But the big question is, are things really different for China this time around as compared to all their promises over the last few years? They’ve definitely stepped up the rhetoric but I want to say that actions speak louder than words at the end of the day.

Gold February futures contracts at MCX opened flat on Tuesday at Rs 76,213/10 gram, which is down by 0.09% or Rs 69 while silver March futures contracts were trading at Rs 89,299/kg, down by 0.2% or Rs 181. After facing volatility in the last one month, gold prices have largely remained flat, gaining Rs 225/10

Dollar edged higher in subdued holiday trading, maintaining its recent  strength but staying within a narrow range below last week’s highs against major currencies. Markets largely brushed aside the disappointing US durable goods orders data, as the series is known for its volatility. Moreover, traders are prioritizing labor market and consumption trends, which Fed views

This was released earlier: Prior was +0.8% Nondefense capital goods orders ex-air +0.7% vs -0.1% prior Ex transport -0.1% vs +0.3% The core orders number is the important one and it showed a nice rebound is November. The problem I’m seeing is that industrial company stocks have been plunging lately. Here’s Nucor, which is the

Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors’ concerns about a supply surplus next year. Brent crude futures were down by 38 cents, or 0.52%, to $72.56 a barrel by 1300 GMT. U.S. West Texas Intermediate crude futures were down 34 cents, or 0.49%, to $69.12 per

As markets wind down for the year-end holiday period, forex trading activity turns subdued, with limited momentum across major pairs. Dollar, while maintaining its position as the strongest currency of the month, is facing challenges in decisively breaking last month’s highs against European majors. However, the greenback still made some headway against Yen and commodity

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Gold February futures contracts at MCX opened flat on Monday at Rs 76,363 per 10 gram, which is down by 0.07% or Rs 57 while silver March futures contracts were trading at Rs 88,938/kg, up by 0.62% or Rs 546. Gold prices jumped by Rs 900/10 grams in the last 2 days while silver prices