The Week Ahead (May 31-June 4)- Important Market Themes to watch out for
The market ended last week with support for many of the major FX as domestic data improved in response to the surge in economic activities. This week will be loaded with high-impact data including bank statements and the US NFP on Friday. What are the things you need to know? Last Week Recap Policymakers continue […]
End of week market updates – currencies supported by banks’ tapering headlines
Most of the major currencies have been on the rise this week as the general economic indicators support growth which could push central banks to tighten their very loose policies. The dollar index remains firm above 90 while the Loonie, Sterling and Kiwi are close to closing the week upbeat. Equities In the equities market, […]
The Best Time to Trade Forex in Nigeria
What is the best time to trade Forex in Nigeria? There is a Forex Market somewhere are open almost every time of the day. So you will need a strategy that puts you in a best position to make profit from your forex trading by trading at the best possible time. In this article, we […]
The Week Ahead: Dollar jumped as Cryptos bled over the weekend
The new trading week started with the dollar retracing little of Friday’s jump. This coming together with fast recovering equities highlighted the mixed-mood of the market. Meanwhile, Bitcoin and the entire crypto market are yet to stage significant rebounds as investors’ confidence weakens. Last Week Recap The last FOMC minutes and Friday’s better-than-expected PMI resurrected […]
Market Analysis ahead of FOMC – what next for Dollar and Gold?
The market risk tone is moderately off on Wednesday as the dollar index recovers close to 90. Meanwhile, the stock market bled ahead of tonight’s FOMC minutes. China’s ban on crypto weigh on Bitcoin which further plummets below $40,000. Market Wrap The dollar is finding support at 89.7 early on Wednesday. DXY is on course […]
GBPUSD hits 1.42 amid better Job Data and a Plunging Dollar – what next?
GBPUSD hits 1.42 on Tuesday as the dollar continues to wear out. The cable is close to breaking the year’s high at 1.4245. How further high can it go? The support at 1.4 is strong enough to propel the Sterling above 1.42 for the first time in nearly three months. That means GBPUSD has gained […]
Market Forecast: Gold faces a critical resistance ahead of fresh retracement
Gold is all up as the bulls are finally set on a journey to another record high. However, with the treasury yield bound to have one more rally, the yellow metal might start a retracement as it approaches a key resistance level. Isn’t it clear now that the long-term bullish trend has resumed? It will […]
The Week Ahead (17-22 May)- Fed, RBA, Inflation and Virus
The markets had a mixed mood last week. The dollar is back close to where it started at the turn of the year as the first quarter gains fizzle out. There is still more to expect before the end of May as inflation concerns support yield growths. Last week recap FX The greenback is set […]
5 important things you should know before using forex brokers in Nigeria
There are quite a few ads from companies claiming to be Forex brokers in Nigeria, asking for a fee to teach you how to trade Forex, because it is the best Online Money Making Idea, or from a friend who has joined a WhatsApp group of traders. However, like most things, not every broker is […]
NFP Day: What does the job data mean for the dollar?
Risk appetite is higher in the second half of the week. The equities markets continue the recoveries from the recent slump as the dollar fails to impress ahead of the US job reports. Market Wrap Dollar and Equities Safe havens are subdued again with the dollar leading the pack. The greenback is set to close […]