Mon, Nov 12, 2018 @ 17:30 GMT

USD/CHF Mid-Day Outlook

USD/JPY Mid-Day Outlook

GBP/USD Mid-Day Outlook

EUR/USD Mid-Day Outlook

GBP/JPY Daily Outlook

EUR/JPY Daily Outlook

Crude Oil: OPEC+ Pledge to Cut Supply Enough to Boost Prices?

he big 20% drop in oil prices in just over a month – triggered due to the sudden realisation by investors that the crude...

Oil Prices Jump After Saudi Arabia Announces December Supply Cut

Oil prices jumped more than 1.5 percent on Monday after top exporter Saudi Arabia announced a supply cut in December and other producers also...

Pound Under Significant Pressure On Latest Brexit Setback

Focus shifts to Europe this week US futures look a little flat ahead of what is likely to be a very quiet day on Wall...

EURUSD On A Slippery Slope, Bears Break The 1.1300 Bottom

EURUSD had a bearish start on Monday, with the price breaking a crucial support at 1.1300 to drop towards 1.1267, the lowest since June...

Elliott Wave Analysis: NZDUSD Intra-Day Correction

NZDUSD is currently recovering, ideally unfolding a temporary wave b) as part of a three-wave reversal within a wave four correction. Resistance and a...

XAUUSD Outlook: Bears Extend and Pressure Pivots at $1201/00; US CPI Data Eyed for Fresh Signals

Spot gold dipped to $1203 low on Monday, in extension of last Friday's 1.9% fall, pressured by higher US dollar which holds near 16-month...

Sunset Market Commentary

Markets Global core bonds gained ground today. After US equities closed last week’s session with substantial losses, Asian indices opened mixed this morning. Chinese equities...

Dollar Drive to Encourage Renewed Round of Pressure for Emerging Markets

The Dollar strength story has returned to the scene with a vengeance, and it represents a risk of crumbling its counterparts across the globe. The...

GBPJPY Challenges 146.00 Key Support Zone On Bearishness

GBPJPY challenges 146.00 key support zone on bearishness. This is a follow through lower on the back of its Friday losses. On the downside,...

Canadian Dollar Quiet as US, Canadian Banks Closed

The Canadian dollar has ticked higher in the Monday session. Currently, USD/CAD is trading at 1.3193, down 0.07% on the day. Canadian and U.S...

DAX Starts off Week With Sharp Losses as Market Volatility Continues

The DAX index has recorded sharp losses Monday session. Currently, the DAX is trading at 11,364, down 1.41% on the day. In economic news,...

Crude Oil: OPEC+ Pledge to Cut Supply Enough to Boost Prices?

he big 20% drop in oil prices in just over a month – triggered due to the sudden realisation by investors that the crude...

Dollar Index Registers Fresh Highs as Pound and Euro Struggle; Oil Holds Up

Here are the latest developments in global markets: FOREX: The dollar was overperforming early in the European session on Monday as political uncertainties in Europe...

Euro Skids to 17-Month Low

EUR/USD has picked up where it left off last week and continues to lose ground. Currently, the pair is trading at 1.1264, down 0.53%...
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Limited News from FOMC, December Rate Hike Hopes Unaltered

As widely anticipated, FOMC left the target range for the federal funds rate unchanged at 2.00-2.25% at its November meeting. The changes in the...

Italy’s Costly Budget Ordeal: Fiscal Imprudence Non Grata

Highlights Italy's ruling coalition government has proposed spending plans intended to boost near-term growth, but at the cost of adding more debt down the...

US Midterm Elections – Split Congress Paves the Way for Slower, but More Sustainable, Growth Outlook

The dust is settled on the result of US midterm elections. As polls have suggested, the Congress is split with Republicans continuing the control...

RBNZ Affirmed the Next Move Can be Up Or Down, Despite Upbeat Data

RBNZ left the OCR unchanged at 1.75% in November. The move had been widely anticipated. Despite recent strong dataflow, the central bank downplayed the...

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...

What is Leverage and How Does it Work in the Forex Market?

Leverage essentially means having the ability to control a large sum of capital using very little of your own funds and borrowing the rest. When you buy a house on credit i.e. a mortgage, for example, you are actually trading with leverage. Say you put a 25% down payment of $50,000 on a house worth $200,000, you are effectively using leverage here!

What is Forex Trading?

There are some things that knock you for six when you hear them, and this is generally the case when one first encounters the foreign exchange markets, or 'forex' for short. Followed by the credit (debt) market (think US government bonds, notes and bills here), forex is the largest, most liquid market on the planet - an immense auction house which has a daily turnover of $5.1 trillion (according to the 2016 Triennial Central Bank Survey of FX and over-the-counter (OTC) derivatives markets). Forex is a globally decentralized marketplace, which simply means that there's no central exchange or physical location. It Operates around the clock five days a week, with the action beginning in Wellington, New Zealand and closing on Friday evening in New York, essentially allowing one to pick and choose when to trade.

Forex Trading Accounts: What Account to Choose

For effective and profitable trading, it is important to choose the right type of a trading account. The choice depends on the knowledge level...

Trading Sessions

While it is true that the forex market is open 24hrs a day five days a week, it doesn't mean that it's always active. Breaking down this 24hr auction house into manageable trading sessions is important. Knowing when liquidity is likely to come into the market and when it is expected to diminish, helps one determine the best time to trade.

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...

Concentrate on Trades by Overcoming Forex Trading Jitters

At times, the excitement during executions can bring about many emotions. One of these is the feeling of nervousness. Whether new or highly skilled, there will always be moments when traders experience forex trading jitters. In an active and volatile forex market, it is normal to feel anxious about trading activities like entering and closing a trade or planning out the best strategy. Because of this, it is important to properly manage nervous energy to channel more productivity when trading. With enough planning and practice, learn how to easily overcome forex trading jitters for optimal forex trading.

5 key Trading Affirmations to Help Keep Your Mind Sharp

‘You become what you think about all day long’ ― Ralph Waldo Emerson Our thoughts have an immense effect on what paths we take in...

How to Improve Your Trading Results with Daily & Weekly Routine

As humans, we tend to perform our best when we have a well laid out routine. Chaos is something that most of us by human nature tend to avoid at best. With trading, having a routine brings with it a certain level of discipline which helps you to improve your performance as a trader. Having a trading routine helps you follow a trading process and at the same time will help you to avoid taking impulsive trading decisions, be it entering or exiting a trade prematurely. Professional traders, whether they trade currencies or bonds, or stocks follow a routine.

Apply the Best Mindsets for Efficient and Enjoyable Trading

An optimal mindset is key to achieving efficient and enjoyable trades. With a volatile forex market, traders need a reliable mindset to manage all trading activities. By obtaining a strong and optimistic mental attitude, you can properly accomplish trades and vital tasks for success. Applying the right mindset allows a focused way of thinking that can minimize anxiety and reduce the chances of emotional trading. To have a healthy outlook towards the forex market, practice the best mindsets for optimal forex trading.

Do You Want to be a Trader?

In this day and age, becoming an independent financial trader is easy. You just need some capital and a brokerage account, and voilà, you're a trader! The only problem is, trading the markets is not quite so straightforward!

Supply and Demand Trading

In the following article, our objective is simple:  to try and shed some light on how one can trade supply and demand on a...

Using a Multi-Timeframe Approach

'It pays to know where you are in the bigger picture'. We’re not entirely sure where this statement originated from, but it is certainly one...

What Are the Best Strategies for Short-Term Forex Trading?

Short-term trading can be very profitable. However, it is also connected with high risk. Such kind of trading attracts traders with the possibility of...

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...