Summary of the FOMC Meeting My Evaluation of the Federal Open Market Committee Meeting My take was that the FOMC meeting certainly had a bearish lean – with rates now currently sitting at 5% – markets have priced in 1 further 25bps hike in May to take the rate to 5.25% – looking at the…
Never Feel Lonely Again – The5ers Feels Like a Family I Belong To Eugene J’s Trading Journey with The5ers Professionally, educated, profit-focused, and intense – these are the qualities that define Eugene J, a 48-year-old trader from South Africa. Eugene has recently become a funded trader with The5ers, trading on a $40K low-risk account after…
Gold price (XAU/USD) eyes another battle with the $2,000 mark Introduction: The Gold price (XAU/USD) is currently on the rise, approaching the crucial $2,000 mark. This surge is fueled by the Federal Reserve (Fed) induced gains, coupled with the downward trend of US Treasury bond yields and the weakening US Dollar. Despite initial fears of…
GBP/USD Reaches Seven-Week Highs: Bulls Keeping the Reins What’s Driving the GBP/USD Pair? GBP/USD has renewed its intraday high near 1.2310 as it edges higher towards the seven-week high reached the previous day. Bulls seem to be in control as they await the Bank of England’s monetary policy announcements. The Cable pair’s climb towards the…
The GBP/USD Pair Eyes 1.2300 Resistance in Asian Session Market Analysis and Insights The GBP/USD pair is currently looking to recapture the round-level resistance of 1.2300 in the Asian session. The Cable has recently rebounded after a vertical correction to near 1.2260, indicating a strong bullish sentiment in the market. This price movement comes as…
