How to Trade Forex
Forex trading is a popular way to make money by speculating on currency prices. It can be profitable, but it's also risky - one wrong move can lead to significant…
Daniel Michelson
Daniel is a long term investor and position trader in the forex market. He received a master degree in international economics in UOM. He is an editor and contributor to fxaudit.com since 2020. We value him for a data-based approach to markets. His mojo is to screen fundamentally strong positions with a significant technical potential. As a trader he prefers exotic pairs, so is his broker choice.
Fed Hikes Benchmark Rate by 0.75pp, Could Hike Similarly in Next Meeting
(Fed) The Federal Reserve has raised the key interest rate by 0.75 percentage points in a move to confront the inflation rate, which is hovering around a four-decade high. Following…
ECB Emergency Meeting Concludes With a Plan for a New Bond Buying
(ECB) The European Central Bank has said it will accelerate the design of a new anti-fragmentation instrument to address borrowing costs in weaker economies. In a statement following the conclusion…
European Equities Rally as ECB Schedules an Emergency Meeting
(Bloomberg) The Stoxx Europe 600 rose almost 1% on Wednesday as most other indexes gained amid speculations that ECB’s emergency meeting would address selloffs. The European Central Bank announced an…
US Inflation Accelerates With a Monthly 1.0% Jump in May to Cap a 4-Decade High
(Bureau of Labor Statistics) US consumer prices increased by a monthly 1.0% in May, accelerating from a gain of 0.3% in April. The energy index surged by a monthly 3.9%…
ECB to Raise Rates by a Quarter Percentage Point in July and September Meetings
(ECB) The European Central bank will begin policy tightening with an increase in interest rates by a quarter percentage point in July. ECB cited price pressures as the concern, with…
China’s Exports Grow by Double Digits in May as Covid-19 Restrictions Ease
(NBS) Exports from China rose by 16.9% in May from the prior year, its strongest expansion this year. The growth was more than double expectations of an 8.0% increase. The…
Mortgage Applications Hit a 22-Year Low as Rates Climb to 5.4%
(MBA) The US Market Composite Index, gauging mortgage purchase and refinance applications, plunged by 6.5% last week to 288.4. The index is at the lowest in 22 years and was…
Euro Area Posts a 0.6% Twin Jump in GDP and Employment in the First Quarter
(Eurostat) Both the gross domestic product and employment increased by 0.6% in the euro area in the first quarter of 2022. In the EU, the GDP shot up by 0.7%,…
UK House Prices Jump by an Annual 10.5% in May to Cap Another Record High
(Halifax) House prices in the UK increased by an annual 10.5% in May to set a new record high of 289,099 pounds. The record high house prices happen after an…
US Trade Deficit Narrows by $20.6B in April as Exports Rise, Imports Fall
(Bureau of Economic Analysis) US trade in goods and services deficit was $87.1 billion in April, down from a deficit of $107.7 billion in March. The narrower trade deficit reflected…
UK Service Sector Expands the Slowest in 15 Months in May
(S&P Global) UK Services PMI was recorded at 53.4 in May, down from 58.9 in April, signaling the weakest expansion since February 2021. The slowdowns in the UK service sector…
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