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Monthly Archives: June 2023

How To Identify Market Trends For Trend Trading Strategies

Written on June 30, 2023 at 6:42 am, by

The trend trading strategy is a popular strategy employed by many traders seeking to capitalise on sustained price movements in the financial markets. By learning how to identify market trends and adhering to these trends, traders aim to ride the wave of momentum and potentially generate profitable trades. In this article, we will delve intoContinue Reading

Resilient US Dollar And Robust Banks: Key Market Highlights

Written on June 30, 2023 at 5:44 am, by

Solid US economic data continue to boost demand on US Dollar. The US Dollar has gained strength as economic data surpassed expectations. Meanwhile, the robust banking sector sparked bullish momentum in the US equity market. The Federal Reserve’s stress test results showcased the resilience of major banks, including Wells Fargo, JPMorgan Chase, and Goldman Sachs.Continue Reading

Upcoming Data Releases Are Expected To Provide Insights Into The US Job Market

Written on June 30, 2023 at 3:33 am, by

The Week Ahead: Week of 3 July (GMT+3) Monday, 3 July, 17:00 – US ISM Manufacturing PMI (Jun) The manufacturing Purchasing Managers’ Index (PMI) in the United States has remained below the threshold of 50 for the sixth consecutive month, signalling contraction in the sector. The latest reading recorded a decline to 46.9 from theContinue Reading

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