About: anakin
Recent Posts by anakin
Week ahead: Markets to focus on Bank of Japan rate decision and UK, Canada inflation data
This week, the market’s focus will primarily revolve around the Bank of Japan’s rate decision. Investors are eagerly anticipating any statements from the bank’s governor Kazuo Ueda, especially after observing the impact of the strong Japanese Yen arising from a weakening US Dollar. In addition to this, consumer price index (CPI) and gross domestic product Continue Reading
Top 10 countries with the most forex traders
The Forex market’s landscape is constantly evolving, with various countries emerging as key players based on the number of active traders. In 2023, according to data provided by Forex Broker Report, there’s been a significant global distribution of Forex traders. This spread is largely influenced by the intricate dynamics of advanced financial systems and regulatory Continue Reading
Decoding the Forex Dilemma: Manual Trading vs. Algorithmic Trading
In the fast-paced world of Forex trading, where fortunes can be made or lost in the blink of an eye, the importance of selecting the right trading approach cannot be overstated. Today, over 70% of traders rely on algorithmic trading methods, as revealed by the research report “Predictive Assessment of Electronic Trade Dynamics: 2022-2027“. This Continue Reading
Week ahead: Markets to focus on rate statements from SNB, BOE, ECB, and the Fed
This week, the market’s primary focus revolves around the rate decisions of major central banks as they convene for their final meetings in 2023. Aside from these pivotal central bank decisions, the market is also keeping a close eye on the US consumer price index and producer price index, given that signs of inflation could Continue Reading
A Beginner’s Guide to Sentiment Analysis in Forex Trading
Forex trading is not just about the numbers. Here’s how sentiment analysis allows you to understand the psychology of traders and make better trades.
