Monthly Archives: May 2023
Week Ahead: Markets to Focus on US Retail Sales and Australia Wage Price and Employment Change
Written on May 15, 2023 at 2:11 am, by anakin
The financial industry anticipates major economic reports this week, focusing on the US Retail Sales and Australia Wage Price Index and Employment Change. These reports are crucial for traders navigating the markets and making informed decisions. NY Empire State Manufacturing Index | US (15 May)The NY Empire State Manufacturing Index unexpectedly jumped to 10.8 in Continue Reading
When to trade forex: Is there a best time?
Written on May 12, 2023 at 8:34 am, by anakin
Forex trading is a global market that operates 24 hours a day. And it is important to know the best times to trade in order to maximise your profits. The Forex market can be divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. The Continue Reading
How to trade forex: A beginner’s guide
Written on May 11, 2023 at 11:58 am, by anakin
There are several ways to trade Forex, and each method has its own advantages and disadvantages. The most popular financial instruments used in Forex trading include retail Forex, spot FX, currency futures, currency options, currency exchange-traded funds (or ETFs), Forex CFDs, and Forex spread betting. Retail Forex is a way for individuals to participate in Continue Reading
What is traded in forex: The most actively traded currencies
Written on May 11, 2023 at 11:04 am, by anakin
To be short, the answer is “currencies”. When we want to talk about different types of currencies, we use three-letter symbols to represent them. The first two letters in the symbol tell us which country the currency comes from, and the third letter tells us the name of the currency. For example, USD stands for Continue Reading
What is forex trading: A comprehensive overview
Written on May 11, 2023 at 9:37 am, by anakin
Forex is a short term for “foreign exchange,” which means changing one currency to another. Let’s say you’re travelling from France to the United States. You’ll need to change your euros to US dollars. When you go to the bank, you’ll see a big board with names of different currencies and numbers. This board shows Continue Reading
May Futures Rollover Announcement – May 10, 2023
Written on May 10, 2023 at 9:51 am, by anakin
Dear Client, New contracts will automatically be rolled over as follows: Please note: • The rollover will be automatic, and any existing open positions will remain open. • Positions that are open on the expiration date will be adjusted via a rollover charge or credit to reflect the price difference between the expiring and new Continue Reading
Updated Leverage for US Share CFDs – May 09, 2023
Written on May 9, 2023 at 9:36 am, by anakin
Dear Client, To provide the best trading experience possible, VT Markets will modify the available leverage for US share CFDs on 15 May 2023: The above data is for reference only, please refer to the MT4/MT5 software for specific data. Friendly reminders: All specifications for US shares stay the same except leverage. As a result, Continue Reading
United States Non-Farm Payroll: What is it and why is important
Written on May 9, 2023 at 7:16 am, by anakin
What is NFP and Why is Important? The Non-Farm Payroll (NFP) report is a monthly economic release that provides insight into the employment situation in the United States. It is a highly significant economic indicator and is widely used by investors, traders, and policymakers to evaluate the health of the U.S. economy. Impact of Nonfarm Continue Reading
Gross Domestic Product (GDP): Formula and how to use it
Written on May 9, 2023 at 7:06 am, by anakin
What is Gross Domestic Product (GDP) Gross Domestic Product (GDP) is a measure of the economic activity of a country. It is the total monetary value of all the goods and services produced within a country’s borders in a specific period, usually a year. GDP is often used as an indicator of a country’s economic Continue Reading
Federal Interest Rates: 5 ways they affect your money
Written on May 9, 2023 at 6:59 am, by anakin
What is the U.S Federal Interest Rates The Federal Reserve (Fed) sets the interest rates that banks charge each other for short-term loans, known as the federal funds rate. The federal funds rate is the benchmark for other interest rates, such as mortgage rates, credit card rates, and car loan rates. The Fed has two Continue Reading
