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AUD/NZD on track to extend losses below 1.0450 on RBNZ rate hike expectations AUD/NZD has been under continuous selling pressure since June 14. The Aussie weigh down by the outbreak of the highly contagious Delta variant and mixed economic data. Kiwi remains grounded on RBNZ upcoming policy meeting on rate hikes hope. AUD/NZD retreats after printing some initial gains on Monday in the Asian session. The pair has been in continuous downside momentum for above one month, after making a high at 1.0824 on June 14. At the time of writing, AUD/NZD is trading at 1.0454, up 0.27% for the day. A combination of factors weighing the performance of the Australian dollar against its counterpart. The Aussie remained pressurized on the extension of lockdown amid renewed COVID-19 jitters and downbeat economic data at home. Market participants remained cautious amid the worsening domestic coronavirus situation. New South Wales state recorded a nearly 20% jump in fresh coronavirus infections overnight. Australia’s New Home sales plunge 20.5% on monthly basis. It is worth noting that S&P 500 Futures were trading at 4,452 with 0.22% losses. On the other hand, Kiwi gained on the better COVID-19 situation. There were no fresh cases recorded in the community as per the Ministry of Health. The Reserve Bank of New Zealand (RBNZ) is expected to announce interest rates hike in its upcoming policy meeting. The recent Kiwi’s gains were trimmed after not so enthusiastic data.

Security Service of Ukraine (SBU) has shut down several crypto exchanges reportedly involved in illegal financial transactions since the start of 2021. According to a statement by the SBU on Wednesday, the network of “clandestine cryptocurrency exchanges” were based in the country’s capital Kyiv and collectively processed a monthly turnover of $1.1 million in funds linked to criminal activity. The SBU’s announcement claimed that the illegal crypto exchanges provided anonymous transaction services, which made them a money laundering risk. Indeed, Ukraine’s state security service stated that some individuals funneled funds through these platforms to organize protests across the country. According to the SBU, these illegal funds came from e-wallets linked to banned Russian payment processors such as Qiwi, WebMoney and Yandex. Ukraine’s state security service also reportedly recovered computers containing evidence of suspected illegal activity and allegedly forged incorporation documents for the companies during raids of the crypto exchange platforms. The news of the shutdown comes on the heels of a similar raid against a warehouse suspected of diverting electricity to mine cryptocurrency using PlayStation 4 consoles. However, an investigation by Delo, a local business publication, revealed that the facility was being used to generate in-game currency and not for farming crypto. Meanwhile, as previously reported by Cointelegraph, Ukraine’s parliament is considering a new bill to legalize crypto payments in the country. However, the legislative action will not change the status quo of Bitcoin (BTC) and cryptocurrencies not being classified as legal tender in Ukraine. The country’s central bank is also working on a national digital currency project. The National Bank of Ukraine received official authorization to issue a central bank digital currency (CBDC) back in July. The Ministry of Digital Transformation partnered with the Stellar Development Foundation on a joint strategy for digital assets and CBDCs.

In the world of forex trading, there are no guarantees on profit, and risk exposure is inevitable. A professional forex signals service provider will never try to trick its users by advertising guaranteed profits and returns. On the other hand, the trusted names in this sector will be transparent about their performance, offering you insight into their past performance by publishing reports on how effective their signals were. Frequency and diversity in forex signals The ideal forex signals’ service provider for you should publish an adequate number of forex signals and trade ideas through the day and offer a good mix of trading instruments, including the ones that you like to trade the most as well as other options so that you can diversify your trading portfolio and experiment with new instruments to spread out your exposure. In addition to trade ideas offering a variety of instruments, an ideal provider should also offer a good mix of long-term and short term signals so you can try different kinds of trading strategies, such as swing trading and intraday trading. Clarity into past performance Their performance reports should offer the following information – how many signals they published over a specific period of time, e.g. one year, the percentage of wins vs. losses, drawdowns, the number of pips generated or earned by their forex signals, as well as details about gains in percentage terms over the past few years. Of course, keep in mind that past performance is never an assurance for future profits. However, a forex signals’ service provider that is honest about its wins and losses, and gives you the numbers so you can assess its performance is far more reliable than those that make empty, lofty promises of doubling your money. When tracking the performance of the signals provider, there are a few important things that you need to assess. Of course, the overall profit raked in by their trading signals is a great way to know how useful their service will be for you, but you also need to dig a little deeper to assess their performance. The total number of pips earned by the forex signals is an important measure of how exactly the profits were generated, for instance, did they come from a few pips on high risk/high margin signals or in the form of a higher number of pips from signals with different levels of risk/exposure. In addition, you should also check to see if the signals provider offers details on their win rate – the number of winning signals from the total number of signals published. Quantity vs. quality of signals It would also be helpful if the provider offered a breakdown of the number of signals published and the profit to loss ratio for each kind of instrument they cover. In addition, a deeper insight detailing the breakdown of the trading signals based on buying vs. sell, long term vs. short term, and different types of instruments, e.g. forex, commodities, cryptocurrencies, and indices, can also go a long way in helping you make an informative decision on selecting the right forex signals service provider. Timing matters The best forex signals provider for you should be one that publishes enough trade ideas through the hours when you are most active. For instance, if you like to trade the US session markets, there is no need to go with a provider that pushes more signals during the Asian session, which are too many missed opportunities as far as you are concerned. In addition, ensure that the provider has a reliable way to alert you whenever a new forex signal is published so you can choose to act on it immediately. The more time you lose in making a trading decision, the lower the possible returns become as other traders may beat you to it. I will recommend Hot Forex Signal as a professional Forex signals provider.

Forex News - NZD/USD remains steady around 0.7000 as USD weakness limits downside NZD/USD is moving sideways around 0.7000 on Friday. US Dollar Index pushes lower toward 92.80 ahead of American session. UoM Consumer Sentiment Index data from US will be looked upon for fresh impetus. After losing more than 40 pips on Thursday, the NZD/USD pair seems to have gone into a consolidation phase on Friday and was last seen rising 0.12% on the day at 0.7007. Falling US T-bond yields weigh on DXY The renewed USD weakness ahead of the American session seems to be helping NZD/USD stay in the positive territory. Pressured by a more-than-1% decline witnessed in the benchmark 10-year US Treasury bond yield, the US Dollar ındex is losing 0.18% on a daily basis at 92.82. Earlier in the day, the data from New Zealand showed that the Business NZ PMI improved to 62.6 in July from 60.7 in June. This reading came in better than the market expectation of 56.6 but failed to trigger a noticeable market reaction. The University of Michigan's preliminary Consumer Sentiment Index data for August will be the last data of the week featured in the US economic docket. Investors expect the index to stay unchanged at 81.2 following July's modest decline. Although an upbeat reading could help the USD gather strength ahead of the weekend, NZD/USD is unlikely to make a sharp move in either direction amid thin trading conditions.

USD/CHF Price Analysis: Upside momentum subsides near-critical resistance around 0.9240 USD/CHF prints minute losses on Thursday in the Asian session. Bulls find it hard to break the 0.9240 multiple resistance barrier. Momentum oscillator remains firm with a neutral stance. USD/CHF edges lower on Thursday in the Asian trading hour. The pair hovers in a very close trading range with a downside momentum. At the time of writing, USD/CHF is trading at 0.9216, down 0.02 % for the day. On the daily chart, the USD/CHF pair has been trading in a broader trading channel of 0.9030 and 0.9040 since June 18. If the price breaks the session’s low, it could test the lower targets at the 0.9195 and the 0.9160 horizontal support levels. A daily close below the 20-day Simple Moving Average (SMA) would bring the low of July 15 at 0.9117 back into action. Alternatively, the Moving Average Convergence Divergence (MACD) trades above the midline with a neutral stance. Any uptick in the MACD would force the bulls to continue to march higher toward the previous day’s high at 0.9242. A closing of above 0.9240 would mark the breaking of the long-term trading range with an eye for the 0.9260 horizontal resistance level followed by the level last seen in April. Next, the market participants would aim for the high of April 9 at 0.9281.

Forex News - EUR/GBP remains poised to extend losses toward 0.8550 ahead of critical UK data EUR/GBP continues to trade lower following the previous momentum. The Euro remains muted on downbeat economic data. The sterling gains on Brexit optimism and BOE’s hawkish view. EUR/GBP prints some minor gains in the Asian trading hours on Thursday. The pair confides in a very narrow trade band with no meaningful traction. At the time of writing, EUR/GBP is trading at 0.8464, up 0.07 % for the day. The shared currency continues to decline against the pound after the Bank of England’s (BOE) hawkish stance in its latest policy meeting. The ZEW indicator of Economic Sentiment for Germany fell to 40.4 in August, much below the market forecast of 56.7. Meanwhile, investors anticipated that the European Central Bank( ECB) will remain dovish after the central bank decided to keep its interest rate at record low levels for an even longer time to meet its inflation target of 2%. On the other hand, the sterling gained traction after Lord and former Tory MEP Daniel Hannan said that Britain has successfully managed the vaccine purchase program while the EU messed it up quite badly, in its first real test of post-Brexit challenge. Investors cheered up the Bank of England (BOE) inflation projections and eventual rate hikes in 2022. As for now, investors are waiting for the critical UK data: Balance of trade, Business Investment, and GDP Growth Rate to gauge the market sentiment.

I have started trading for the last few months back say 8 months. When I was a beginner, I committed many mistakes and blew my account even once. Then I joined some free signal groups and believe me they are real scammers. Please don't follow them at all. I got some books and learned little fundamentals of the market. I trade for one month but could not book much profit. then I joined a paid signal provider but as they promised they will double my money and blah blah... They were also fake promisers. 2 months back I joined another signal provider named Hot Forex Signal which promised me 1200 pips, though I got 1200 pips bcoz of my work and all I am satisfied with their transparency and services. I had continued this time also. The only thing is they are more active in the London sessions. But they are reliable. Forex is a vast subject to learn and a great roller coaster for fun. I think everyone should try Forex once in life.

Welcome to join the community.

Forex News - EUR/USD rebounds toward 1.1750 with initial reaction to US CPI data EUR/USD gained nearly 30 pips on renewed USD weakness. US Dollar Index turned negative on the day below 93.00. US annual CPI stayed unchanged at 5.4% in July. After dropping toward 1.1700 earlier in the day, the EUR/USD pair managed to stage a sharp rebound in the early American session and was last seen rising 0.2% on the day at 1.1743. DXY reverses direction after July inflation report The renewed USD weakness seems to be helping EUR/USD gain traction in the second half of the day. The data published by the US Bureau of Labor Statistics revealed on Wednesday that the Consumer Price Index (CPI) stayed unchanged on a yearly basis at 5.4% in July. Moreover, the Core CPI edged lower to 4.3% as expected from 4.5% registered in June. Breaking: US annual CPI inflation stays unchanged at 5.4% in July vs. 5.3% expected. Although these prints came in largely in line with analysts' estimates, the initial market reaction put the greenback under modest selling pressure. As of writing, the US Dollar Index was down 0.18% on a daily basis at 92.90. In the meantime, Richmond Federal Reserve Bank President Thomas Barkin told Reuters that it could take a few more months before they reach the Fed's taper benchmark. Later in the session, Atlanta Federal Reserve Bank President Raphael Bostic will be delivering a speech. Additionally, the 10-year US Treasury note auction at 1700 GMT will be watched closely by market participants.

Forex News - NZD/USD jumps to 0.7055 as the US dollar slides across the board US dollar drops across the board after US CPI data. NZD among top performers on Wednesday, supported by RBNZ expectations and risk appetite. The NZD/USD jumped from 0.7000 to 0.7055, reaching the highest level since Friday following the release of US inflation numbers. The pair then pulled back, finding support at 0.7035. The kiwi is consolidating the rebound from the 20-day simple moving average that stands at 0.6980. AUD/NZD is back at the monthly low at 1.0455. US data triggers dollar’s slide The Consumer Price Index grew at an annual rate of 5.4% in July, the same of June (highest in 13 years). The CPI rose 0.5%, in line with market expectations. The greenback dropped sharply across the board after the numbers, amid a rally in US Treasuries. Also higher equity prices contribute to weaken the US dollar. If expectations about a sooner-than-expected taper from the Federal Reserve gain more intensity, the dollar could recover momentum. Still, analysts at Westpac consider the kiwi should be more resilient than most developed currencies to USD strength given New Zealand’s strong fundamental outlook. “Multi-month, the NZD is supported by the NZ economy’s expected strength over the remainder of this year, the RBNZ’s signalled rate hikes, NZ-US yield spreads, and a positive outlook for NZ commodity prices. Our year-end forecast for NZD/USD is 0.74 (which is coincidentally where our estimate of fair value currently is)”, argue Westpac analysts.

Searching for forex trading signals service providers online will yield far too many results, leaving you in a fix when it comes to picking the best one to suit your needs. One of the most important aspects to consider is whether the service you sign up for offers reliable forex signals with a decent level of profitability. Assessing the reliability of the service provider can be slightly time-consuming and take a lot of effort, but is essential, as going with an unreliable provider can cause significant damage to your trading capital and expertise instead of helping you become a better trader. You can find out how trustworthy a provider is by searching for online reviews, feedback from the trading community, their social media activity, and more. The best forex signals service providers will enjoy the backing of several novices and professional traders standing by their trade ideas and will have numerous positive reviews and feedback on leading social networks as well.

Resistance near $50,000 to $55,000 could stall the recovery given short-term overbought signals. (BTC) remains in a long-term uptrend despite the sharp 50% correction from the all-time high around $63,000 in April. Buyers were able to defend support around $30,000 after a two-month consolidation phase, which resolved to the upside. Bitcoin faces resistance near $50,000 to $55,000, which could stall the recovery given short-term overbought signals. The chart below shows an ascending channel, which is formed from the 2017 price high near $16,000 and the 2021 price high around $63,000. The 2019 and 2020 price lows formed rising support as buyers reacted to oversold conditions. Unlike the 2018 bear market, bitcoin (BTC, +1.58%) is currently holding above the 40-week moving average, which reflects renewed upside . Bitcoin will need to form a decisive break above $55,000 to fully resolve the selling pressure from May.

Drone Crypto Coin is an interesting project that is targeting Hookah and Hospitality Industry! What is Drone? Drone is a DeFi token built on Binance Smart Chain – BSC. Why Drone? The hospitality and Hookah industry are growing by the hour, and Drone aims to be their cryptocurrency. Our goal is to create a unified cryptocurrency for the Hospitality and Hookah industry. Add to that, bookings of flights, hotels, restaurants and lounges, which all orbit in the same universe. Drone (DRN) have launched its IDO and it got 1200+ holders gaining more attention by the hour! IDO already started on: 20.May.2021 Price: 1 BNB = 37,500,000 DRN Smart-contract: 0xf6162756e5fc15cfacde2f9a3d3bacd1f51b1bf4 Website: https://www.dronecoin.finance/ Telegram: https://t.me/dronecoins

Traders need to have a solid and realistic understanding of what they expect within the future, and specifically what returns they expect to provide in terms of profits. I ask traders all the time what quite returns or draw-downs they're expecting in their account and a surprising number say they need no idea or give me their goals instead of planned long-term returns. They need to be beneficial but don't realize how a strand of trades may impact overall portfolio price. This type of trading without planned expectations and rules may be a major barrier to success. Random Trading Many traders have a propensity for random trading. These types of traders seem to be fishing for opportunities. They'll make a trade or two from somebody else they saw on a forum or newsletter, or they'll just be entering trades without firm risk control procedures in place. They need an inclination to wait and see what happens. Usually, what happens maybe a gut-wrenching period of indecision, loss, and frustration. Misunderstanding of trading costs The second issue these traders affect may be a lack of understanding of system or strategy costs. I usually ask this as trader myopia or tunnel vision. These traders consider one trade at a time and aren't considering tomorrow, or next month's trades and don't understand the prices which will impact leads to the long term. What is expectancy? Expectancy is what it seems like. It helps you understand how winners, losers, gains, and losses associated with one another over the long term. Calculate your potential trading profits: https://www.winrate.io/ Expectancy is a very important factor but there are two fundamental considerations that are important to notice when developing it: Trading costs there's an easy method to assist better understand the results of trading costs on your system. Reduce the gains in your winners by the number of trading costs, and increase your losers similarly. As I discussed during a previous section, it's also good to assume an exact amount of slippage during entry. In other words, never assume that things will compute perfectly in your trades. Summary Expectancy may be a good way to match and analyze strategies and strategy modifications. It's a solid double-check on the viability of the strategy itself. If your expectancy ratio is negative you must not trade the strategy. If one of your trading factors is blank or only an estimate, you would like to solidify it before executing on your system.

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