The US Dollar manages to hold its ground on the second trading day of the week with the US Dollar Index edging higher after having closed modestly higher on Tuesday. The US economic docket will feature the NFIB Business Optimism Index and the IBD/TIPP Economic Optimism Index later in the day. Market participants will continue to pay close attention to comments from central bank officials in the absence of high-tier data releases.

The cautious market stance, as reflected by the mixed performance in Wall Street’s main indexes, and the rebound seen in the US Treasury bond yields helped the US Dollar stay resilient against its major rivals on Monday. In the late American session, the US Federal Reserve’s (Fed) Senior Loan Officer Opinion Survey showed that  survey respondents reported, on balance, tighter standards and weaker demand for commercial and industrial (C&I) loans to large and middle-market firms, as well as small firms, over the first quarter.

In the Asian trading hours on Tuesday, the data from China revealed that the trade surplus widened to $90.2 billion in April from $88.19 billion in March. This reading surpassed the market expectation of $71.6 billion by a wide margin. Meanwhile, Retail Sales in Australia contracted by 0.6% in the first quarter, compared to analysts’ estimate for a decrease of 0.4%. Following these data releases, AUD/USD stays on the back foot and trades in negative territory at around 0.6750 after having reached its highest since mid-April above 0.6800.

Following a consolidation phase near 1.1000 in the Asian session, EUR/USD started to edge lower in the European morning. European Central Bank (ECB) policymaker Martins Kazaks said on Tuesday that the rate-hiking may not be finished in July but this comment failed to help the Euro gather strength.

GBP/USD registered small losses on Monday and retreated to the 1.2600 area early Tuesday. Following a three-day weekend, the UK’s FTSE 100 Index opened marginally lower.

Gold price struggled to gather bullish momentum amid rising US T-bond yields and finished the day virtually unchanged on Monday. Early Tuesday, XAU/USD continues to fluctuate in a tight range at around $2,020.

USD/JPY extends its sideways grind near 135.00 on Tuesday. Bank of Japan (BoJ) Governor Kazuo Ueda said earlier in the day that the impact of recent US and European bank failures on Japan’s financial system was likely limited.

Bitcoin lost nearly 3% and broke below $28,000 on Monday. BTC/USD stays relatively quiet early Tuesday and trades above $27,500. Ethereum closed in negative territory for the third straight day and came within a touching distance of $1,800 before going into a consolidation phase on Tuesday.

Fueled by the decisive rebound seen in banking stocks on Friday, Wall Street’s main indexes turned north and ended the week on a bullish note. Early Monday, markets seem to have turned cautious as attention shifts to the US Federal Reserve’s Senior Loan Officer Opinion Survey, which could provide fresh clues regarding how tight financial conditions are. Sentix Investor Confidence data for May will be featured in the European docket and investors will also keep an eye comments from central bank officials.

On Friday, the US Bureau of Labor Statistics reported that Nonfarm Payrolls rose by 253,000 in April, surpassing the market expectation of 179,000 by a wide margin. On a negative note, March’s 236,000 increase got revised lower to 165,000. The Unemployment Rate ticked down to 3.4% in the same period and the annual wage inflation edged higher to 4.4% from 4.3%. Although the initial reaction helped the US Dollar find some demand, the risk-positive market environment caused the US Dollar Index to erase its recovery gains.

EUR/USD closed the previous week virtually unchanged slightly above 1.1000. The pair stretches higher toward 1.1050 in the European morning on Monday.

GBP/USD gathered bullish momentum and advanced to its strongest level in nearly a year above 1.2650 late Friday. The pair stays relatively quiet early Monday and fluctuates at around that level.

Following the sharp decline witnessed in the first half of the previous week, USD/JPY closed the last two days in positive territory. The pair, however, struggled to stabilize above 135.00 and retreated below that level in the Asian trading hours on Monday. Earlier in the day, the data from Japan revealed that the Jibun Bank Services PMI improved to 55.4 in April, compared to the market expectation of 54.9.

After spiking to above $2,070 on Thursday, Gold price staged a deep technical correction on Friday as the benchmark 10-year US Treasury bond yield retraced a portion of its weekly decline. Nevertheless, XAU/USD holds comfortably above $2,000 after having failed to clear that level several times since mid-April.

USD/CAD lost nearly 200 pips on Friday amid a strong rebound in crude oil prices and the upbeat April jobs report from Canada. The pair was last seen trading in negative territory at around 1.3350. Meanwhile, the barrel of West Texas Intermediate is already up 1% on the day slightly above $72 after having gained 4% on Friday.

AUD/USD trades at its highest level in nearly a month and closes in on 0.6800 early Monday after having registered gains every day last week. First-quarter Retail Sales data from Australia will be released in the Asian session on Tuesday. Trade Balance data from China will also be watched closely by market participants.

Bitcoin reversed its direction following Friday’s rebound and closed in negative territory on Saturday and Sunday. BTC/USD stays on the back foot and declined toward $28,000 early Monday. Ethereum lost nearly 6% over the weekend and broke below $1,900 before going into a consolidation phase to start the new week.

Investors remain on edge on the last trading day of the week as they keep a close eye on the performance of regional bank stocks in the US while awaiting the April jobs report. The European economic docket will feature Retail Sales data for April and Statistics Canada will release the labor market data later in the day. With the Federal Reserve’s (Fed) blackout period ending on Thursday, comments from policymakers will be watched by market participants as well.

Safe-haven flows dominated the financial markets on Thursday, helping the US Dollar erase some of the losses it suffered in the Fed aftermath. PacWest Bancorp shares hit a record low after the opening bell on Thursday after the lender announced that it was in talks with potential partners about strategic asset sales. Meanwhile, the Financial Times reported that Western Alliance was also exploring similar options, triggering a selloff in other regional bank stocks as well. Later in the day, Western Alliance shares rebounded after the bank denied the report, calling it ‘shameful’. Early Friday, US stock index futures are up between 0.2% and 0.4%.

Nonfarm Payrolls (NFP) in the US are forecast to rise by 179,000 in April following the 236,000 increase recorded in March. The Unemployment Rate is expected to remain unchanged at 3.5% and the annual wage inflation is seen holding steady at 4.2%.

EUR/USD declined below 1.1000 on Thursday but managed to stage a rebound. The European Central Bank (ECB) raised its key rates by 25 basis points as expected. During the press conference, ECB President Christine Lagarde clarified that they were not going to pause the policy tightening, adding that they had “more ground to cover.” Although Lagarde’s hawkish comments helped the Euro find demand, the risk-averse market environment limited the pair’s upside. In the early European morning on Friday, EUR/USD was trading modestly higher on the day slightly below 1.1050. Meanwhile, the data from Germany showed that Factory Orders slumped by 10.7% on a monthly basis in March, compared to the market expectation for a decrease of 2.2%.

GBP/USD closed modestly higher on Thursday as the sharp decline seen in EUR/GBP helped Pound Sterling stay resilient against the USD. The pair continues to stretch higher early Friday and was last seen trading at its highest level in nearly a year above 1.2600.

USD/JPY fell for the third straight day on Thursday before stabilizing slightly above 134.00 early Friday. Earlier in the day, a magnitude 6.3 earthquake hit Japan’s Ishikawa Prefecture. This development, however, doesn’t seem to be having an impact on the pair’s action.

Gold shined as the go-to safe-haven asset on Thursday and climbed to $2,060 during the American trading hours. XAU/USD retreated below $2,050 early Friday but clings to impressive weekly gains.

Bank of Canada (BoC) Governor Tiff Macklem said in a prepared speech at the Toronto Region Board of Trade that if they start to see signs that inflation is likely to get stuck materially above their 2% target, they are prepared to raise interest rates further. These hawkish comments and a late rebound seen in crude oil prices helped the CAD outperform the USD on Thursday and USD/CAD lost more than 100 pips. The pair trades in negative territory near 1.3500 early Friday. The Unemployment Rate in Canada is forecast to tick up to 5.1% in April from 5% in March with a +20K in Net Change in Employment.

Bitcoin closed modestly lower on Thursday but started to edge higher early Friday. BTC/USD was last seen rising more than 1% on the day near $29,200. Ethereum retreated on Thursday but returned to the $1,900 area ahead of the weekend.

The US Dollar stays under persistent selling pressure following the US Federal Reserve’s (Fed) rate decision and Chairman Jerome Powell’s comments on the policy outlook. The European Central Bank (ECB) will announce its policy decisions later in the day and the US economic docket will feature the weekly Initial Jobless Claims report alongside March Trade Balance and Unit Labor Costs data for the first quarter.

The Fed raised its policy rate by 25 basis points (bps) to the range of 5-5.25% as expected after its May policy meeting. In the policy statement, the Fed stopped using the language saying that “some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over time.” The dovish change in the Fed’s tone triggered a sharp decline in the US Treasury bond yields and caused the US Dollar Index (DXY) to extend its daily slide late Wednesday.

Although FOMC Chairman Jerome Powell refrained from confirming a pause in the tightening cycle in June and said that they were not forecasting a rate cut this year, these comments did little to nothing to change the market perception. After having lost 0.7% on Wednesday, the DXY continues to edge lower early Thursday and stays within a touching distance of 101.00.

The ECB is forecast to raise its key rates by 25 bps later in the day. Investors will want to see whether the ECB will confirm one more rate hike at the next meeting. Ahead of this important event, EUR/USD continues to stretch higher toward 1.1100 in the European morning.

GBP/USD gained 100 pips on Wednesday and erased Monday’s and Tuesday’s losses. The pair clings to small daily gains early Thursday and trades slightly below 1.2600.

In the early Asian session, Gold price reached an all-time high of $2,080 before retreating below $2,050 by the European morning. The benchmark 10-year US Treasury bond yield stages a modest rebound after having lost nearly 7% in the last two days, limiting XAU/USD’s upside for the time being.

USD/JPY fell nearly 200 pips on Wednesday and retraced the majority of the bullish rally witnessed toward the end of the previous week. The pair stays relatively quiet early Thursday and fluctuate near 134.50.

Bitcoin continues to edge higher after having registered modest gains following the Fed event late Wednesday. At the time of press, BTC/USD was trading near $29,200. Ethereum gained nearly 2% for the second straight day on Wednesday and seems to have stabilized slightly above $1,900 early Thursday.

Eid al-Fitr is a time of gratitude for God’s blessings.

Unicorn Forex Broker has organized a celebration with Eid al-Fitr greetings to all those who celebrate this Eid and wishing to establish peace and friendship around the world.
We started the holy month of Ramadan with a $150 bonus festival and at the end we will offer a special gift for our clients.

Participating in this festival allows all Unicorn Forex Broker clients to receive the special gift of Eid al-Fitr.

clients who deposit $100 or more will receive a $50 bonus to a unique bonus account under this special plan, which is effective from April 21, 2023 until April 28, 2023.
Additionally, the exclusive $150 bonus for Ramadan has been extended until April 28, 2023. To qualify, you must deposit $500 or more. (Click here to view this bonus’s terms and conditions.)

Take action right away to get a bonus and a unique present for Eid al-Fitr by opening a special bonus account with 0 spread and the ability to withdraw trading profit! This will give you the chance to try out our services risk-free!

Conditions for obtaining and utilizing the $50 bonus for Eid al-Fitr:
Date of receipt: The Eid al-Fitr incentive is available to all users who make a deposit of $100 or more between April 21, 2023 and April 28, 2023.
The client must trade in the bonus account for 30 calendar days following the date of the deposit; following that time, the account will become dormant and the bonus will expire.
Withdrawing funds from the bonus account: clients who traded 15 lots or more within the specified period are eligible to withdraw up to $50 in profit. (Transactions lasting more than 5 minutes will count toward the lot count.)
The bonus will be removed by applying the withdrawal request from the broker if the user executes 15 lots of trades before the stated period and withdraws profit.

The broker reserves the right to take action in response to unfair abuse or violation of any of the trading regulations, which apply to all accounts.

Dear unicorn forex broker’s clients,
We have always stated that our goal is to deliver the best services and earn your complete satisfaction. This time, we are proud to announce that in addition to setting up the best accounts and creating the right conditions for you to conduct profitable business, we have also given our clients the chance to increase their profits without making any additional investments.

The no deposit bonus offered by Unicorn Forex Broker is one of the most appealing and popular schemes among traders.

clients can take advantage of these plans, which are available and active on various occasions. For more information, see the website’s page on Bonuses and Festivals or get in touch with customer service.

This special plan allows you to fully enjoy our services absolutely free of charge, and because its profit is withdrawable, you only need to complete the conditions to earn money without having to deposit yourself!

Simply said, the no deposit bonus plan allows you to test all of our account services without having to worry about losing your fund, evaluate the trading conditions at Unicorn Forex Broker, and fulfill the bonus requirements with a little concentration and account management and consider it a bonus for trading.
$150 No-deposit bonuses are granted to clients for special occasions in various times, and information about these plans will be broadcast on our website and our website, so be sure to follow Unicorn Forex Broker’s official social media.

$150 No deposit bonus conditions:
– receive bonus accordance with the relevant strategy and time.
– You have 30 calendar days after receiving the bonus to complete the condition.
– You simply need to trade 50 trading lots throughout this period to withdraw your trading profit.
– The maximum profit to withdraw is $150.
– Transactions involving cryptocurrency and shares are not included in the total lot traded computation.
– After the deadline, the account is terminated, and if the conditions have been met, you can withdraw your profit.
– If you meet the requirements before the deadline, you may withdraw your profit, but be aware that doing so will also eliminate the entire bonus from your account and deactivate your trading account, making it impossible for you to trade in the future.

Terms and Conditions for a $50 No Deposit Bonus:

Bonus Usage Period: Users can trade with the bonus amount in their bonus account for a period of 30 calendar days starting from the deposit date. After the specified period, the account will become inactive and the bonus will be removed.
Withdrawal from the Bonus Account: Any user who has traded 15 lots or more within the specified time frame can withdraw their profits up to a maximum of $50. (Trades exceeding 5 minutes will NOT be counted as lots.)
After the specified deadline, the account will become inactive, and if you have fulfilled the conditions, you can withdraw your profits.
If a user completes 15 lots of trades before the specified timeframe and proceeds to withdraw the resulting profits, the bonus will be forfeited upon the broker’s withdrawal request being applied.

Other bonus-related rules are outlined in the basic rules for receiving bonuses

*In accordance with the broker’s rules, Unicorn Forex Broker has the right to take action, such as deactivating the account or canceling the trading account, if it discovers any plan abuse by the user.

Behave lucratively

In the holy month of Ramadan, the Unicorn Forex Broker’s festival:
Throughout the duration of the holy month of Ramadan, Unicorn Forex Broker is offering an unique bonus to traders.

Any clients who deposit their trading accounts with more than $500 by 28 April 2023 will be eligible to receive a $150 bonus on a separate ECN PRO account with 0 spread.
This bonus is entirely negotiable and withdrawable, and is available in traders’ trading account for 30 calendar day.
The trader can withdraw THE BONUS if he can transact at least 50 trading lots within this time (excluding trading in stocks and cryptocurrencies).
Note that the withdrawal limit from this account and special plan is $150.
attention:
A withdrawal from the bonus account is not permitted if the client has traded fewer than 50 lots.
The bonus will be taken away and the client won’t be allowed to continue trading in this particular account if he trades more than 50 lots and makes a withdrawal before the the end of this period. all trading policies of Unicorn Forex Broker are valid and will be followed,in this account.

Behave lucratively

Join us in welcoming spring and maximizing your trading potential at our spring festival

The beautiful spring came…

In this year’s spring festival, Unicorn Forex Broker has some special rules for our traders and clients

We have it, you can join this great festival right now and start your spring profitably!

– $20,000 prop trading account

Our gift to all clients from (March 2, 2023), to (March 25, 2023) have at least one deposit of $1,000 or more and make at least 4 trading lots have given.

– 40% special discount for prop trading accounts

Until (March 25, 2023), you will receive a 40% discount on your Prop Tradedig account.

– $500 + $10,000 prop reading account

A special gift for IB partners:

every IB partner even who has been working from (March 2, 2023)  to (March 25, 2023)  introduce at least 5 new clients, which total

Their deposit is more than $10,000 and their total trading volume is at least 10 lots, a special gift of 500USD plus a $10,000 prop trading account.

Contact us for more information.

Spring is nature’s way of saying, ‘Let’s party

Behave Lucratively!

*Note: The trading rules of Unicorn Forex Broker are also valid for the spring festival

It is fair to deal with any abuse or violation.

Dear clients, We are glad to inform you about this plan. since February 24, 2023, the spread of the gold symbol in ecn and ecn pro accounts has been reduced by 35%.
Contact us for more information.

Our business principles are transparency in service delivery and the preservation and protection of client’s fund.
we are informing the loyal customers of Unicorn Forex Broker that you have obtained a license from the ASIC regulatory authority.
Be safe!