US Bond Yields Rally Further Ahead of a Major US Inflation ReportUS Bond Yields Rally Further Ahead of a Major US Inflation ReportThe Federal Reserve is still aggressively raising short-term interest rates in an effort to bring inflation under control and keep the economy from falling into recession. That has pushed long-term yields on 10-year…
Gold Price Forecast: Ominous Signs for XAU/USD
The Gold Price Forecast – Ominous Signs for XAU/USDThe Gold Price Forecast: Ominous Signs for XAU/USDThe gold price has been trading in an overbought zone for quite some time now. A number of indicators suggest that the bullish trend is about to end. In this article, we’ll take a look at the key areas that…
FTSE 100 Hits Another Record High – Upbeat Earnings Lift Sentiment
The FTSE 100 Hits Another Record High – Upbeat Earnings Lift SentimentThe FTSE 100 Hits Another Record High – Upbeat Earnings Lift SentimentThe UK’s benchmark index hit an intraday record on Friday as it rose above 7,800 for the first time in more than three years. The FTSE 100 – the largest blue-chip – was…
Euro Dips as the US Dollar Firms Post PPI and Ahead of CPI. Will EUR/USD Br
In the past week, the Euro has slumped to its lowest level in more than two decades. The decline has prompted many analysts to attribute it to the expectations for rapid interest rate increases by the U.S. Federal Reserve. US data released last week, however, did not support this argument. A softer than expected increase…
GBP/USD Outlook: Pound Dollar Lacks Conviction as Price Action Stalls
The British Pound (GBP) is a currency that’s been in a rut for a while now. Investors seem to have turned to the US dollar as a safe haven in the face of a slew of economic headwinds. The US Dollar (USD) is expected to be a major driver of GBP/USD exchange rate movements over…
Copper Prices May Resume Triangle Breakout as Speculators Ease Short Bets
Despite a strong demand outlook from China, the copper price remains stuck in a narrow trading range, falling 2.0% in October and 2.8% in November. Although the trend has been higher since the start of the year, the market is still uncertain about the future direction. This volatility is driven by concerns over slowing economic…
Nasdaq 100 Pushes Higher as US Markets Prepare for October CPI Data
Investing in the US markets was a bit of a struggle on Wednesday. After the release of the monthly US consumer price index (CPI), the Dow Jones Industrial Average (DJIA) fell to its lowest level in more than two years. The S&P 500 (SNP) and the Nasdaq Composite Index (Nasdaq) also fell. This was followed…
Currency pairs in Nigeria
Most forex traders in Nigeria will opt for the USD/JPY and EUR/USD pairs. Over 80% of Nigerians also favor GBP/USD and AUD/USD. These are less volatile and less expensive pairs. In order to be successful, it is important to choose a trusted broker from your region. Before you can begin trading, you must understand the…
What is the Forex market in Nigeria
The Forex market is a global financial exchange. While the trading day is 24 hours long, it is best to trade during specific times, which are usually between 14:00 and 18:00 local time. This is the time when two of the biggest trading sessions are taking place simultaneously – London and New York. This overlap…
Coinbase in Nigeria
Are you looking for a reliable and secure cryptocurrency exchange in Nigeria? If so, consider Coinbase. The company offers 0.2% trading fees and 95% cold storage. It also offers 24/7 customer support and instant verification. It offers a $50 signup bonus and supports the Nigerian naira. This exchange is a great option for beginners who…