Online source for the latest forex and trading news. Stay informed with up-to-date market trends, expert analysis, and insightful articles to help you make smart trading decisions

Wednesday, May 22, 2024

Forex forecast 05/22/2024: GBP/USD, NZD/USD, GBP/JPY, EUR/JPY, SP500 and Bitcoin from Sebastian Seliga

#

We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week.

Video Agenda:

00:00 INTRO

00:13 Today's key events: RBNZ Interest Rate Decision, CPI, Existing Home Sales, Crude Oil Inventories, FOMC Meeting Minutes, RBNZ Monetary Policy Statement, ECB President Lagarde Speaks

02:38 NZD/USD

04:56 GBP/USD

08:10 GBP/JPY

10:37 EUR/JPY

11:56 SP500

13:27 BTC/USD

Useful links:

My other articles are available in this section

InstaForex course for beginners

Popular Analytics

Open trading account

Important:

The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses.

Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader.

#instaforex #analysis #sebastianseliga

The material has been provided by InstaForex Company - www.instaforex.com #

No comments: