Forecasting the Fortunes of the US Dollar Performance in 2021 Earlier this year, the US dollar gained ground versus the euro in volatile trade. At the start of 2021, the eurozone currency was trading at $1.23 versus the US dollar, a two-and-a-half-year high. The pair declined during the first quarter of 2021, reaching a year-to-date […]
What is Non Correlated Currency Pairs? Correlation Currency Pairs : Non correlated pairs move independently of one another. This occurs when correlated forex pairs currencies in two distinct pairs are wholly different or come from variously different economies. EUR/USD and GBP/NZD are two examples. Because there is no common currency between them and these two […]
Correlated Forex Pairs Currency Pairs Correlation currency pairings with close economic links are often the most heavily connected. EUR/USD and GBP/USD, for example, are frequently positively linked due to the tight association between the euro and the British pound, including their geographic closeness and standing as two of the world’s most commonly held reserve currencies […]
What Is Correlation? In the financial and investing sectors, correlation is a statistic that indicates the degree to which two securities move in relation to one another. It is a statistical concept that describes how two variables move in tandem with one another. When two variables move in the same direction, they have a positive […]
News release trading: One of the most significant advantages of currency trading is that the Forex market is open 24 hours a day, five days a week (from Sunday, 5 p.m. until Friday, 4 p.m. ET). Because markets react in response to news, economic data is frequently the most significant driver of short-term changes. This […]
Once a transaction is showing a moderate profit, a trader will frequently alter the stop-loss order. Moving it to a position that protects a portion of the trader’s winnings. Trailing stops used by traders to automatically move their stop-loss order to a higher level when the market price rises. Most trading systems make it simple […]