What is a Forex Strategy?
What is a Forex Strategy? Forex traders start off by making trades based on minimal knowledge, and a close watch of the market without planning ahead. It is possible to trade this way and sometimes even make profits. But if trading is to be taken seriously it takes a lot more than just that. Anybody […]
US PCE Deflators and Durable Goods Orders Scheduled
US PCE Deflators and Durable Goods Orders Scheduled UK bonds crashed for a second day straight with yields adding 10.6-19.2 bps across the curve. UK money markets discount an additional 100 bps tightening by December following the big upside CPI surprise Wednesday morning. Sterling initially revisited YtD highs but unable to force a break higher, […]
The Gold Standard In Forex Trading
The Gold Standard In Forex Trading What is the Forex market? Before moving on to the gold standard, let’s review the concept of Forex trading. Forex trading means trading in currency pairs. That is, it is an exchange of one currency for another. Traders make money when market prices fluctuate. After all, the trader gets […]
Why is Forex Trading Education Important?
Why is Forex Trading Education Important? Risk management is undoubtedly one of the most important skills you can use when trading forex. In fact, risk management is an important aspect of any financial matter or investment strategy you consider and try to implement in your plan for a successful life. Ironically, risk management is also […]
Best Forex STP Brokers in 2023
Best Forex STP Brokers in 2023 There are two types of Forex brokers, Market Makers and STP Brokers. They differ based on market execution and price quotation methods. Some brokers offer both services at the same time, however usually when they offer both services some are suspicious that they may be applying Market Maker methods […]
JPY Bearish Positioning is Getting Overstretched
JPY Bearish Positioning is Getting Overstretched Better than expected US non-farm payrolls for April have failed to ignite US dollar bulls. Two outliers; the safe haven currencies, CHF and JPY underperformed against the US dollar due to the resurgence of risk-on behavior in the US stock market. JPY future’s bearish positioning has highlighted a risk […]
RBA Board Hikes the Cash Rate by 0.25%
RBA Board Hikes the Cash Rate by 0.25% Choosing to raise is the better policy option, even if it is not consistent with our interpretation of the implicit guidelines. The Reserve Bank Board raised the policy rate by another 0.25% at its May meeting, bringing the policy rate to 3.85%. The decision came as a […]
The 5 Most traded Currency Pairs In 2023
The 5 Most traded Currency Pairs In 2023 The foreign exchange market is the largest financial market in the world, trading $6.6 trillion every day. The foreign exchange market is open 24 hours a day, five days a week. There are many opportunities for foreign exchange trading. When you start forex trading, you have […]
How To Identify Trading Trends in Forex Market
How To Identify Trading Trends in Forex Market The forex market is the most traded global financial market. In this, participants can exchange a country’s currency for another currency. You can trade actively in this market for 24 hours a day for seven days a week across multiple time zones. Investors trade for a currency […]
EUR/USD April 2022 High Offers Resistance
EUR/USD April 2022 High Offers Resistance EUR/USD cleared the February high (1.1033) last week to register a fresh yearly high (1.1076), but lack of momentum to breach the April 2022 high (1.1076) may lead to a near-term pullback in the exchange rate as it snaps the recent series of higher highs and lows. EUR/USD forecast: […]
Best 5 Most Traded Currency Pairs in 2023
Best 5 Most Traded Currency Pairs in 2023 Forex is the largest financial market in the world, with $6.6 trillion traded each trading day. The Forex market is open 24-hours a day, five days a week. There is plenty of opportunity for trading Forex. There is a lot to learn when you start trading Forex, […]
How risk management will save your trading account
Is your trading account hurting? Are you feeling overwhelmed, frustrated and ready to throw in the towel when it comes to trading”? Well, today’s lesson, if properly understood and implemented, can potentially give you the knowledge you need to literally save and rebuild your trading account. You’ve probably heard that about 90 to 95% of […]
German and Spanish Inflation Prints in Focus
German and Spanish Inflation Prints in Focus The main focus today will be on the German and Spanish flash inflation data, which will provide the first sense of what to expect from the euro area HICP figures tomorrow. Generally, we forecast gradually easing headline inflation, but see core inflation pressures still remaining at elevated levels. […]
Using Currency Correlation in Forex Trading
Using Currency Correlation in Forex Trading Understanding the price relationships between different currency pairs will give you a deeper insight into how to develop high probability forex trading strategies. Knowing the currency relationships can help reduce risk, improve hedging, and diversify trading instruments. In this article, we will introduce you to forex trading with intermarket […]
Australia February Monthly CPI Indicator
Australia February Monthly CPI Indicator The Monthly CPI indicator rose 6.8% in the year to February, compared with the Westpac forecast of 7.4% year-on-year and the market forecast of 7.2% year-on-year. This represents a significant downside risk to our March forecast CPI forecast of 1.5% per quarter. Specifically, the index rose only 0.2% in February […]
GBP/USD Eyes Sustained Increase Above
GBP/USD Eyes Sustained Increase Above GBP/USD is showing positive signs above the 1.2220 level. A connecting bullish trend line is forming with support at 1.2240 on the 4-hours chart. EUR/USD is well supported above the 1.0720 support zone. USD/JPY might attempt a recovery wave if it clears the 132.00 resistance. GBP/USD The British Pound gained […]
EUR/USD Approaches Key Support, Dollar Could Resume Losses
EUR/USD Approaches Key Support, Dollar Could Resume Losses EUR/USD started a downside correction from the 1.0930 level. It traded below a key bullish trend line with support at 1.0810 on the 4-hours chart. GBP/USD is consolidating gains above the 1.2200 support zone. USD/JPY extended losses below the 130.50 support zone. EUR/USD The Euro started a […]
NZD/USD Fails to Push Back Above 50-Day SMA
NZD/USD Fails to Push Back Above 50-Day SMA NZD/USD appears to be stuck in a narrow range as it holds above the weekly low, but the exchange rate may struggle to retain the advance from the January low as it fails to trade back above the 50-day SMA. Unlike the price action in January, NZD/USD […]