US Nonfarm Payrolls: Record 20.5 Million Jobs Lost in April
The devastating effect of Covid-19 on the US economy became clearer on Friday with the release of the highly anticipated US employment report.
Do you Need a Forex Trading Mentor?
In this article, we explore why you might want a forex trading mentor by your side, what their motivations are for sharing their forex trading secrets and most important of all, how to identify warning signs.
Dollar Bid as US/China Tensions Rise
The US dollar rallied sharply on Monday, lifted by safe haven flows as fears grew over rising tensions between the US and China. Both US President Trump and Secretary of State Mike Mike Pompeo have laid the blame for the pandemic on China.
Bitcoin Lifted by Rising Risk Sentiment
Bitcoin extended its gains in early Thursday trading, reaching almost 9,500 before retracing sharply. The world’s largest cryptocurrency by market capitalization has benefited from its appeal as a hedge against inflation amid unprecedented stimulus by central banks.
AUD/USD Reaches 6-Week High Amid Easing Restrictions
AUD/USD rallied to its highest level since March 11 in early trading on Tuesday, as Australia stands out as one of the countries having best managing the Coronavirus pandemic. The country responded quickly, closing its borders and imposing restrictions on movement. With new cases falling sharply over recent weeks, Australia began to ease social distancing restrictions. Sydney’s famed Bondi beach was reopened on Tuesday to local swimmers after a month-long closure.
Bitcoin Bulls Eyeing Weekly Gains Amid Rising Risk Appetite
A surge in Bitcoin on Thursday to over $7,750 marked the latest leg of an uptrend that began in mid-March. Traders viewed Friday’s expiry for CME April Bitcoin futures as the catalyst for Thursday’s thrust higher. The CME Bitcoin futures contract expires every fourth Friday of a given month.
GBP/USD Stabilizes After Oil Related Rout
Cable staged a modest rebound in early trading on Wednesday, after falling to a two week low on Tuesday. The US dollar was broadly boosted by its safe haven appeal following a historic crash in oil prices and further weakness in global equity markets. The price of Brent crude, the international benchmark, dropped to its…
Interview with Adam Button of ForexLive
Adam Button is the Chief Currency Analyst and Managing Editor at ForexLive.com, which stands among the most visited forex websites online. The site is popular among both retail and professional traders for its 24 hour coverage of news and astute market analysis.
Daily Trading Analysis video with Jamie Saettele (17.04)
Scand.Ex is pleased to present a video format of Trading Analysis to empower traders and equip them with the latest updates and first-hand knowledge from leading market experts.