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Bullish viewBuy the GBP/USD pair and set a take-profit at 1.1850.Add a stop-loss at 1.1500.Timeline: 1-2 days.Bearish viewSet a sell-stop at 1.1525 and a take-profit at 1.1450.Add a stop-loss at 1.1625.The GBP/USD price continued rising as sentiment over Rishi Sunak’s government. It rose to a high o

What is the Swap-free Program? The Swap-free Program is a promotional initiative designed to reduce trading costs and enhance profitability. However, eligibility to continue enjoying swap-free benefits depends on meeting specific Trading Activity requirements. Program Rules First 7 Days: All account

Trade is likely to be thinned this week by Thanksgiving in the United States, but the virus’ resurgence has traders once again monitoring COVID-19 cases and governments’ responses. USDIndex at 16-month highs above 96.00. Yields: 10-year Treasury rate is up 1.4 bp at 1.57%, while across the Asia Paci

What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

This week delivers a critical wave of inflation readings, growth updates, and policy signals that could stir volatility across currency and commodity markets. With China’s Q2 GDP, U.S. CPI and PPI, and U.K. inflation on the docket, traders will be watching for clues on monetary tightening path

#Industry 01 Apple Pulls Down MT4 and MT5 Trading Apps from App Store The trading apps are still available on Google Playstore. MetaQuotes says the action is not linked in any way to Western sanctions on Russia. 02 Is Copy Trading Still Popular in 2022? The market size of the industry stood at $2.2

The dollar has been trading with a firming bias, overall, posting fresh highs versus some currencies, such as the pound and Australian dollar, although so far remaining off highs seen yesterday against other currencies, such as the euro. The spate of cautious trading in world stock markets, due to c

Sterling traded around its strongest level since October 2021 on Tuesday, after Trump announced new tariffs set to go into effect 1 August for a spate of countries including Japan and South Korea. Services sector activity in the UK expanded at the fastest rate in nearly a year in June, and the price

Supply chain disruptions are increasingly hitting production targets and adding to stagflation concerns. The bond market is overlooking Wednesday’s CPI data and the prospects for a hot report and the FOMC Minutes tonight. Global Yields grab helped underpin the long end- reflected in the solid 10-yea