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CFTC Commitments of Traders – Traders Trimmed Speculations on Currencies amid...
The CFTC Commitments of Traders report in the week ended October 16 indicates that positioning on major currencies lowered as a whole. Speculative long...
EUR/USD Remains Vulnerable Below 1.1620
Key Highlights
The Euro declined recently and tested the 1.1430 support area against the US Dollar.
There is a major bearish trend line in...
The Weekly Bottom Line: Higher Interest Rates May be Starting to Bite
U.S. Highlights
Equity markets stopped hemorrhaging and partially recovered from last week's downturn. Domestic data was predominantly underwhelming, but did little to change the...
US Growth in Q3 to Guide Dollar
The US dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and...
Week Ahead – Central Banks and US Q3 GDP in Focus; BoC Poised to Raise Rates
Central bank meetings will take centre stage in the coming week as economic data will be in short supply. With four policy meetings lined...
Market Morning Briefing: Pound Has Risen From Crucial Support At 1.30
STOCKS
Some recovery is visible in the stock indices which had all declined sharply on Friday. While immediate supports hold, at least some ranged trade...
EUR/USD Remains Vulnerable Below 1.1620
Key Highlights
The Euro declined recently and tested the 1.1430 support area against the US Dollar.
There is a major bearish trend line in...
GOLD Faces Consolidation Threats On Price Halt
GOLD faces consolidation threats following a price halt on Friday. On the downside, support comes in at the 1,215.00 level where a break will...
EURUSD Downside Pressure Stalls, Bounces Off 1.1531 Support
EURUSD downside pressure stalled as it saw a bounce off its key support at 1.1531 to close higher on Friday. While that level holds...
Forex Forecast and Cryptocurrencies Forecast
First, a review of last week’s events:
EUR/USD. As expected, the past week was filled with all sorts of events. These included macroeconomic statistics from...
Weekly Economic and Financial Commentary: Signs Pointing to Solid Third Quarter Growth
U.S. Review
Signs Pointing to Solid Third Quarter Growth
Retail sales rose 0.1% in September. Less-volatile control group sales, which feed into GDP, increased 0.5%.
...
The Weekly Bottom Line: Higher Interest Rates May be Starting to Bite
U.S. Highlights
Equity markets stopped hemorrhaging and partially recovered from last week's downturn. Domestic data was predominantly underwhelming, but did little to change the...
US Growth in Q3 to Guide Dollar
The US dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and...
Temporary Consolidation on AUDJPY Points Lower – Elliott Wave Analysis
AUDJPY is slowly recovering within very choppy and overlapping price action, which means that we have to track it as a corrective rally, especially...
EURUSD Outlook: Bounces on Profit-Taking Seen as Positioning ahead of Fresh Weakness
The Euro hit session high at 1.1494 in US trading on Friday, following bounce from key near-term support and target at 1.1432 (09 Sep...
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US Election Monitor #3: Standstill as US Criticises China Trade Policy
With less than three weeks to go, the Democrats are still leading significantly in the opinion polls. FiveThirtyEight models still point towards a divided...
China’s Economic Growth Slowed More than Expected. Worst of Trade War Yet to Come
China’s economic growth decelerated further in 3Q18, as the impacts of restraining infrastructure investment and trade war surfaced. GDP growth moderated to +6.5% y/y...
Is the FOMC or the Private Sector More Consistent?
"Prophesy is a good line of business, but it is full of risks." – Mark Twain
Executive Summary
In our previous reports, we developed a framework...
US Election Monitor #2: Kavanaugh Confirmation Not Likely to Affect the Senate Battle
Election day on 6 November is approaching. In August and September, the generic ballot polls moved up in favour of the Democrats – 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...
Institutional FX Positioning: Don’t Fight The Flow
Informational Imbalances
The development of trends in FX markets relies on the aggregation of institutional order flow to drive a currency or currency pair in...
Five Factors that Drive FX Prices
1) Perceptions about the Future Path of Interest Rates
These are perhaps the most classical of all the drivers of Forex rates. Long-standing economic doctrines...
The Trader’s Guide to Commodity Pairs
FX markets are famous for attaching or conjoining values and metrics to individual currencies, their pairs and crosses.
They believe that these “factors” have an...
The Trader’s Guide to Trading the New Zealand Dollar
The country, economy and the currency.
New Zealand could be considered to be the smaller and often overlooked cousin of Australia. But in truth, the...
GBP/USD. Popular Currency Pair Features
The British pound is one of the most important currencies in the world. The pound takes the 4th place in terms of turnover, as...
Making use of a Trading Journal
Even for the most experienced traders, the above is still true. For that reason, memorizing the subtle nuances of each trade is of the utmost importance, as this is how we recognize mistakes and ultimately mature as traders. How we do this is simple: keep a trading journal.
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....
Accepting Losses and Learning to Trade Forex Systematically
Even the best forex traders in the world have losing trades - losing is a part of trading - but how do you react when you lose? How do you feel? If you're angry or sad; chances are you were risking too much, or taking a trade you knew you shouldn't - or both.
Five Common Trading Mistakes and How to Overcome Them – Part I
Trading can be quite a challenge for most, regardless of whether you are a novice or an experienced trader. Emotions, analysis, trading strategy all play a role when it comes to executing the picture perfect set up. But more often than not, traders tend to end up making mistakes which often can be decisive between increasing your bottom line trading equity and erasing your gains completely. No matter how good a trader you are, here are five most commonly made trading mistakes along with some suggestions on how one can avoid or deal with them more objectively.
Combatting the Dreaded Analysis Paralysis
Despite a perfectly reasonable trading opportunity in the offing, traders frequently find themselves analysing and questioning the setup’s validity, placing them in a position...
Understanding Pivot Points
Pivot points are extremely popular with traders, they are used to spot direction, probable reversal points and potential support and resistance levels. It's a well-known tool that is of particular interest to novice traders, due to the simplicity of the mathematical formulas it incorporates.
How to Trade Forex Using Fibonacci Retracements
How a centuries-old mathematical sequence can help traders identify entry or exit points in modern markets.
What if I told you there is a mathematical...
Risk/Reward Ratio
Frustrated with losses?
Continuously looking to alter your method?
If so, the following article may help.
What is risk/reward?
Risk is the amount of capital that one...
Session Map: How to Trade Different Money Centres
When experienced stock market speculators attempt to apply their battle-tested systems on Forex pairs, they often suffer the same setbacks as aspiring traders. Why is this? What makes the Forex market so different from stocks, bonds, or indices?
Forex Day Trading Strategies and Tips
Intra-day trading is a set of Forex day trading strategies that demand opening and closing trades on the same day. Considering that markets can...