The Australian Dollar is a popular currency among currency traders. This pro-growth currency has been relatively stable during the past few weeks, despite the US Dollar depreciating. The Australian dollar’s performance is driven by several factors, including interest rate differentials, commodity prices, and the global economy. Nonetheless, the latest fundamental headwinds that are weighing on…
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How to Choose an Automated Forex Trading SystemAutomated forex trading systems remove the need for traders to manually monitor markets and make trades. They take care of all trading activities, including technical analysis, order placement and risk management. Some programs are semi-autonomous and need human supervision, while others are fully autonomous and require no oversight…
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Indecisive Market Reaction to US CPI BeatBreaking News: Indecisive Market Reaction to US CPI BeatThe US economy is heating up again after a series of disappointing economic reports, and markets are looking for further clues on how the Fed’s policymakers will respond. This week, the big data set includes the consumer price index (CPI), as…
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S&P 500 and USDJPY: FOMC Strategy Run DownS&P 500 and USDJPY: FOMC Strategy Run DownThe FOMC has continued to raise the target for the federal funds rate as economic conditions have strengthened and the economic outlook has improved. The pace of interest rate increases will continue to be a key factor in the economy’s path…
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Crude oil prices are currently on the rise and could continue to rise in the coming years. Oil futures markets show that further price increases are expected in the next year or two. The impact of higher energy prices is expected to have an effect on the economy and shift the relationship between energy and…
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Despite an impressive recovery in the US, the Rand to US dollar exchange rate is facing a tough time. It has fallen more than 10% against the dollar this year, bringing the currency pair down to its lowest level since November 2007. As the Federal Reserve continues to hike rates aggressively, the dollar has become…
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During the recent credit crunch, the Australian Dollar has served as a repository for traders’ fears. It is a very volatile currency, and its exchange rate is prone to rapid depreciation. The Australian dollar is influenced by many factors, including demand and supply. However, there are some long-term factors that play a larger role in…
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If you live in Kenya and are looking to trade the Forex market, you may be wondering how to open an account with a forex broker. The good news is that there are plenty of options available to you. For starters, you can choose a non-dealing desk (NDD) forex broker, such as Exness. The broker…
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There are a number of factors to consider when deciding on currency pairs in Kenya. The types of exchange rates include Major, Minor, Exotic, and Fixed. Understanding these factors is essential to making informed decisions. The first consideration is whether to choose Major or Minor currency pairs. A fixed spread is always fixed, while a…
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MetaTrader 5 (MT5) is a highly regulated trading platform with ultra-low spreads and high leverage. It offers a diverse range of trading instruments, including stocks, indices, and cryptocurrency. It also offers a demo account with no commission. In addition, it allows you to deposit with a credit/debit card and make withdrawals instantly. MT5 is a…
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