The U.S. Dollar Index managed to break its ranging movement near to the yearly high with a strong bullish movement last week, the index had traded mostly with bullish sentiments throughout the week and in the last trading session it crossed the recent consolidation with a strong bullish candle and made a weekly high of 96.31 after testing the support near 94.00 levels last week and gave a bullish weekly closing by gaining 1.17 points…
The year 2018 faced lots of challenges in terms of global equity markets performance in the first two quarters in line with the World Trade Organization projection of a slightly lower growth of 3.2% in world trade compared to 3.6% in 2017. Despite a projected slowdown and weak performance of global equity markets the Malaysian stock market performed considerably well in the starting of 2018 but soon faced headwinds in February month. The key FTSE…
Forex is one of the most attractive and rewarding financial markets for traders and speculators who want to earn money by trading or we can say intraday trading. Trillions of dollar worth of currencies traded in the Forex market on a daily basis which gives it tremendous liquidity which is the first requirement of a trader. On the other hand, it is a global market which means a trader can participate in the market no…
US Dollar Index Last week was a tough week for the US dollar index as it traded with strong bearish sentiments thought the week pushed by the negative sentiments created by the trade tensions between the U.S. and China which are now believed to be grown in a trade war as China is also ready with the terrifies to retaliate against the U.S. trade protectionist policy announced by Donald Trump. The bearish pressure was also…
Devaluation of the currency is a widely known scenario in the market for quite a long time now. China is one of the major players in the market which used the currency as a tool to boost their exports and their economy by devaluating their currency to make the price of Chinese good artificially low. In recent time where the trade tensions between China and The United States is blooming and the U.S. had already…
