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Sterling Regains Strength, Markets Unsure on US-China Trade Deal
The forex markets are rather mixed today even though stocks are generally in risk averse mode. Sterling regains some strength and takes Euro higher...
Euro area PMIs: It’s a struggle
In the euro area, preliminary PMIs for November are due out at 09:00 GMT on Friday. The French and German numbers will be released...
Sunset Market Commentary
Markets
Trading on global markets developed along the same lines of earlier this week. Misty and diffuse comments from Chinese and US sources on the...
US Open – Stocks Drift Lower on Hong Kong Bill and Trade News, Oil and Gold Post Modest Declines
US stocks remain in a holding pattern as optimistic comments from China do little to assuage rising fears we will see a collapse in...
USD Index Can See Further Bearish Developments
Similar to EURUSD, USD index has also been trading within a correction as part of a trend, however of a downtrend. We labelled a...
Euro area PMIs: It’s a struggle
In the euro area, preliminary PMIs for November are due out at 09:00 GMT on Friday. The French and German numbers will be released...
Sunset Market Commentary
Markets
Trading on global markets developed along the same lines of earlier this week. Misty and diffuse comments from Chinese and US sources on the...
US Open – Stocks Drift Lower on Hong Kong Bill and Trade News, Oil and Gold Post Modest Declines
US stocks remain in a holding pattern as optimistic comments from China do little to assuage rising fears we will see a collapse in...
USD Index Can See Further Bearish Developments
Similar to EURUSD, USD index has also been trading within a correction as part of a trend, however of a downtrend. We labelled a...
Risk Sentiment Remains Hesitant
Notes/Observations
Congress approve bill supporting Hong Kong protesters; sets up the potential for further confrontation with China
China soothes some concerns that trade deal...
EUR/USD Trades Near 1.1090
On Wednesday, the EUR/USD currency pair tested the resistance level formed by the weekly R1 at 1.1078. During today's morning, the pair was trading...
GBP/USD Could Go Upwards
Yesterday, the GBP/USD exchange rate reversed north from the lower boundary of the medium-term ascending channel at 1.2895. During Thursday morning, the rate was...
USD/JPY Might Consolidate
Yesterday, the USD/JPY currency pair traded sideways around the 108.50 level. During Thursday morning, the pair maintained its consolidation.
Note that the currency pair is...
XAU/USD Remains Below 1,475.00
On Wednesday, the XAU/USD exchange rate tested the resistance level formed by the monthly S1 at 1,475.18. During today's morning, the rate continued to...
EUR/USD Remains Bullish After Completing Bearish ABC At 1.1050
The EUR/USD needs to break above the resistance trend line (red) to confirm (green check) a bullish breakout, which is likely aim at the...
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FOMC Minutes Revealed that Most Members Saw Current Rate Level as Appropriate
The FOMC minutes for the October meeting revealed that most members judged that the monetary easing was enough to support growth. However, they continued...
RBA Minutes Signal that the Board is in “Monitoring” Mode
The minutes confirm the RBA’s easing bias but suggest they will hold rates in December in order to monitor incoming data. We continue to...
RBA Minutes: Members Considered Rate Cut This Month. Disappointing Job Report Raises the Case for Further Easing
RBA’s minutes for the November meeting sent a more dovish tone than expected. At the Statement of Monetary Policy, the members noted that “the...
China Data Reveal Further Downside Risks in Economy
China’s major economic data in October all missed expectations and slowed from a month ago. Growth in industrial production decelerated to +4.7% y/y, from...
01 – Fundamental Analysis Overview
As you have already read, Fundamental analysis is studying the economic fundamentals of a currency, country, or economy. Economic fundamentals really is a very...
01 – Support and Resistance
For the bushy-tailed and bright-eyed newcomer, technical analysis of the Forex market often becomes an obsession.
I know for me it was.
Although you will learn...
00 – Trading Psychology 101
Now that you've studied the basics of technical and fundamental analysis, as well as the importance of proper risk management techniques, it's about time...
00 – Risk Management 101
In forex trading, there are several factors that you can't really control. While you can be able to make predictions based on fundamental analysis...
00 – A Beginner’s Guide to Fundamental Analysis
What is Fundamental Analysis?
Fundamental analysis mostly refers to the use of economic data to predict forex price movements. While technical analysis focuses on historical...
00 – A Beginner’s Guide to Technical Analysis
Technical analysis refers to the study of past price action as a guide in forecasting future price movements. This involves looking at candlestick formations,...
01 – How to Start Trading in 4 Easy Steps
1. Register with OctaFX by opening an account
Having an account allows you to access your personal area on our website and to trade...
01 – How Does Forex Work?
How Does Forex Work?
Forex trading is the simultaneous buying of one currency and selling of another
These two currencies make up what is...
FX Currency Pairs: Majors, Minors, Pairs and Crosses
As with any discipline, the world of FX is full of technical terms and jargon, which to the uninitiated can seem a bit daunting...
Inside the Forex Market: Fake News, Currency Wars & Corruption
Fake news has become one of the buzzwords of 2017, with almost weekly reports regarding politicians or political events, causing outrage due to their spurious nature. The growing importance of social media has exacerbated the problem with fake news reports spreading like wildfire and quickly garnering vast amounts of attention before they can be disputed and or corrected.
A Basic Introduction to the Different Order Types Used in the Forex Market
Have you ever found yourself unsure of what order to use, or where tocorrectly position it? If you have, then this article will help inproviding a good foundation. It's surprising how often we find tradersthat do not understand even the most basic entry order techniques, yetthey feel they're ready to tackle the live market. Make sure that youfully understand and are COMFORTABLE with your broker's order systembefore stepping into a live trading environment.
What CPI Is and How to Trade Inflation Data
Consumer Price Index, CPI for short is a measure of the change in the weighted average of prices from a basket of consumer goods and services considered essential. CPI is calculated by tracking the price changes for each of the items in the basket of goods and weighted in importance.
What Moves FX Markets?
Foreign exchange is one of the most actively traded markets in the world. From its roots in the early 1970s, it has grown to...
Sometimes the Best Position is NO Position
At first glance, this may seem inefficacious. As a trader, you engage with the market to profit and the only way to achieve this...
Questions You Need To Ask Yourself Before You Enter A Trade
There are many different approaches to trading. From technical signals given by the indicators to the fundamentals that become the driving force in the asset or instrument. Put a few traders in a room and chances are that they will trade the same asset or instrument differently.
What Does Fearful Money Mean to Traders?
Fearful money, or as we like to refer to it as ‘hot money’, is capital that a trader has a strong emotional attachment to....
Self-Sabotage Revealed
In my peak performance training with traders, I give a strong psychological slant to the concept of self-sabotage. Self-sabotage typically occurs when one lacks...
Build a Thriving Career and Healthy Mindset by Managing Trading Fears
Strive for excellence, build confidence and increase efficiency by conquering your trading fears. To catch all the opportunities in the forex market, you must...
Identifying Correlations
Unless you intend on trading one market at a time, it is vital to understand how different instruments markets interact with one another. A correlation, in simple terms, describes how much (or how little) two markets move together over a period of time.
How to Cut Losses and Ride Winners
Have you ever pulled the plug on a trade, only to see it cover 200+ pips in the next few hours? I have, and it's not a nice feeling. Vice versa: have you ever held onto a losing trade, thinking that the market had to turn around sooner or later? Again, I've done that. I've widened my stop loss, exposing more of my capital to the market. These are direct violations of the one rule that we simply cannot ignore: cut losses quickly and let winners ride as long as (logically) possible.
Is It Possible to Double Your Money Each Day by Trading?
There are many ads online that tell you can double your profits on Forex in just a day. Of course, this is an exaggeration....
How Long Can I Hold the Position in Forex Trading?
Any position in the Forex market is opened with the aim of obtaining profit. How long a position is open depends on the desire...
Low Spread Scalping Strategies
It's always important to know how to exploit the advantage of low spreads in spread trading. It's also good to know that there's a...