Euro Surges Against the Dollar

Showing posts with label tradingidea. Show all posts
Showing posts with label tradingidea. Show all posts

2023/08/07

Reuters: Dollar slides after slowing U.S. jobs growth in July

KEY POINTS:

  • Biggest single-day dollar slide in three weeks
  • Dollar's drop erases almost all the week's gains
  • Jobs growth slows but wage gains point to tight market
  • Focus now on consumer price index (CPI) next week

The dollar fell on Friday, paring almost all the week's gains, after slowing U.S. jobs growth in July encouraged hopes of a soft economic landing but higher wages suggested the Federal Reserve may need to keep interest rates higher for longer.

2023/07/24

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Welcome to Stairway To Profit

Embark on a transformative journey into the world of financial markets. Here, I break down complex concepts to help you build a solid foundation in Forex, precious metals like gold and silver, stock indices, and individual stocks.

Through well-researched articles, practical insights, and real-life examples, I aim to equip you with the knowledge and confidence to make smarter trading decisions. Whether you're just starting out or looking to sharpen your strategy, you'll find content tailored to every step of your trading path.

As a solo trader passionate about financial education, I created this blog to share what I've learned, offer guidance, and build a community of like-minded individuals. Ask questions, explore ideas, and stay informed on the latest trends.

I believe that a single person can effectively analyze only 1 to 3 forex pairs, metals, cryptocurrencies, or indices at a time. Therefore, I prioritize analyzing EUR/USD as my main forex pair, and I occasionally focus on DAX 40, BTC/USD, and Gold.

Step by step, let's climb the Stairway To Profit—together.