Tag Archives: Analysis
Who is OPEC and why are they important in oil trading?
“OPEC daily basket price stood at $86.51 a barrel.” “Al Ghais: Peak oil demand not on the horizon.” “37th OPEC and non-OPEC Ministerial Meeting.” Above are some of the headlines that oil traders would eye on every business day. For someone new to the oil as a commodity in day trading, one must wonder why theContinue Reading
A Comprehensive Guide to Fundamental Analysis in Forex Trading
Let’s say you are a Forex trader who is interested in trading the EUR/USD currency pair. You know that the European Central Bank (ECB) is scheduled to announce its interest rate decision tomorrow. The ECB’s interest rate decision is a major event that can have a significant impact on the value of the euro. UsingContinue Reading
