The USD/CAD exchange rate recently hit one month highs and is eyeing an upside breakout. Following the Bank of Canada’s interest rate hike in September, traders and investors are awaiting tomorrow’s Interest Rate Decision. If the BoC strikes a dovish note, the loonie could suffer. However, a more optimistic outlook from the central bank may […]
EUR/USD Remains Vulnerable Ahead of Key Data Releases
EUR/USD Remains Vulnerable Ahead of Key Data ReleasesEUR/USD Remains Vulnerable Ahead of Key Data ReleasesThe most influential institutions that impact the price of a currency are the Central Banks. The two largest and most powerful in the world are the US Federal Reserve and the European Central Bank (ECB). Interest rates influence the price of […]
Australian Dollar Tanks as US Dollar Roars Back to Life Ahead of RBA. Lower
The Australian Dollar Tanks As US Dollar Roars Back to Life Ahead of RBAThe Australian Dollar Tanks as US Dollar Roars Back to Life Ahead of RBAThe Aussie dollar has been on a roller-coaster ride in recent months, gaining roughly 5 cents against the US dollar. That’s an impressive feat for any currency, especially when […]
Crude Oil Gains on Upbeat Mood Ahead of US CPI. Will WTI Continue to Climb
The price of crude oil has been rising for the past several days, but its gains have been short-lived. Investors digest the buildup in US crude supply, the reopening of the economy and the prospect of cooling wage growth. Ahead of key consumer-inflation figures on Thursday, the markets are cautious. The US CPI is predicted […]
South African Rand Dollar Outlook: USD/ZAR Recovers from Recent Slump
During the past two weeks, the South African Rand has been gaining ground against the US dollar, although the pair has been in a downtrend for the past couple of months. A strong US dollar and concerns about emerging markets have contributed to the rand’s sell-off. Its value is largely dependent on risk sentiment, which […]
Fedspeak This Week.
Whether or not the Fedspeak this week is as hawkish as the past week’s speeches will depend on how the Fed feels about the economy and the outlook for inflation. If the Fed feels as though conditions have eased too much, the tone of the week’s speeches could shift. That could lead to a more […]
US Dollar Finds Firmer Footing as Treasury Yields Lift and China Locks Down
Despite the fact that US Treasury yields have been soaring in recent months, the US dollar has found its footing and is poised to extend its gains. While the gains can be seen as a sign of the strength of the US economy, the repercussions can be quite negative if the dollar loses its momentum […]
Forex traders in Nigeria
There are many ways in which you can make money with Forex, but one way in particular stands out. One of the richest Forex traders in Nigeria is Blessing Ezeako. This successful trader started off as a small-timer and has since grown into a multimillionaire by using a unique methodology and dedication. Learn more about […]
Gold market strategy in Nigeria
The Nigerian government should establish data on gold consumption in households and invest in gold in a targeted manner. The World Gold Council and Nigeria Bureau of Statistics should also establish data on the consumption of gold by households in Nigeria. These data will enable investors to determine the right strategies to adopt. Developing a […]
The most popular cryptocurrencies of this year in Nigeria
CoinGecko has released its latest research, showing Nigeria as one of the most crypto-curious countries. The study, which analyzed six queries and combined the search ratings for English-speaking countries, found that Nigerians are the most interested in digital assets. While the decline in the price of bitcoin in April and May was disappointing, Nigeria is […]