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Monthly Archives: May 2024

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Common Mistakes In Trading A CFD Trader Makes

Written on May 3, 2024 at 5:34 pm, by

Entering the world of financial trading can be as thrilling as it is challenging, with Contracts for Difference (CFD) offering a gateway to the volatile markets. Yet, even the most experienced CFD traders can sometimes find themselves stumbling through the same pitfalls. Is it a lack of knowledge, overconfidence, or just bad luck? The truthContinue Reading

RBA and BoE Take Center Stage Amidst U.S. Light Week

Written on May 3, 2024 at 5:30 am, by

Tuesday, 7th May 2024, 06:30 – RBA Interest Rate Decision (May) During the March meeting, Australia’s central bank kept its interest rates steady at 4.35% and adopted a more relaxed approach towards tightening, suggesting growing confidence in inflation reaching its target despite economic deceleration. Following the release of March’s CPI data, hopes for an imminentContinue Reading

All Eye Will Be On Today’s NFP

Written on May 3, 2024 at 5:27 am, by

Market Summary Following Jerome Powell’s remarks subsequent to the Fed’s interest rate decision announcement, equity markets rallied in response to the dovish tone from the Fed chief, while the Dollar index continued its decline. The Fed’s dismissal of another rate hike possibility, despite persistent inflation in the U.S., contributed to the Dollar’s weakening. Market attentionContinue Reading

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