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Euro Tumbles, German Yield Hits Record Low as ECB Prepares for...
Surprisingly dovish comments from ECB President Mario Draghi sent Euro sharply lower, and German 10-year yield to new record low today. There are some...
Canadian Inflation & Retail Sales Figures May Lift the Loonie
After losing some ground last week in the face of a stronger US dollar and softer oil prices, the Canadian dollar will now turn...
FOMC Preview: Powell Likely to Stay on Hold, Open the Door to a July Cut
Oh, what a difference six months makes!
Back in mid-December, the Federal Reserve raised interest rates for the ninth time this cycle and hinted that...
Fed’s Upcoming Rate Decision Could be “Trade-Biased”
Central banks cut interest rates when fears over an economic downturn are seriously mounting. This is the impression that markets are currently getting from...
Gold Spikes to 14-Month Highs; Could Gain More
Gold bulls took over again on Tuesday, driving the price near Friday’s 14-month high of 1,358. The location of the RSI – above 70...
Canadian Inflation & Retail Sales Figures May Lift the Loonie
After losing some ground last week in the face of a stronger US dollar and softer oil prices, the Canadian dollar will now turn...
CRUDE OIL Recovers Further Higher On Correction
CRUDE OIL recovers further higher on correction. Support lies at the 53.00 level where a break will expose the 52.30 level. A cut through...
MARKET WRAP: Facebook Comes Up With Its Crypcurrency
*LIBRA is here, a new crypcurrency by Facebook *ECB takes a dovish stance
Stocks
The S&P 500 Index is back in the green, at least for...
FOMC Preview: Powell Likely to Stay on Hold, Open the Door to a July Cut
Oh, what a difference six months makes!
Back in mid-December, the Federal Reserve raised interest rates for the ninth time this cycle and hinted that...
Fed’s Upcoming Rate Decision Could be “Trade-Biased”
Central banks cut interest rates when fears over an economic downturn are seriously mounting. This is the impression that markets are currently getting from...
Gold Spikes to 14-Month Highs; Could Gain More
Gold bulls took over again on Tuesday, driving the price near Friday’s 14-month high of 1,358. The location of the RSI – above 70...
Sunset Market Commentary
Markets
No such thing as calm before the Fed-storm on bond markets today. An uneventful Asian trading session and a rather poor economic calendar suggested...
Trump’s Tweet Ignites Stock Bulls
President Trump’s tweet minutes after the open sent markets soaring. Leaders of the two largest economy spoke on the phone and expectations are for...
WTI OIL Outlook: Bearish Bias Below 10SMA
WTI oil price holds within narrow range on Tuesday and remains below 10SMA, which capped the action in past four days, maintaining bearish near-term...
GBP Lower ahead of More Leadership Votes
The Conservative party leadership election has not been kind to sterling so far, with contenders being forced to paint themselves as the bigger Brexiteer...
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New ECB Call – Rate Cut and Restart of QE
On the back of Draghi's speech in Sintra this morning and Benoit Coeuré's interview in the Financial Times yesterday, we change our call...
China – Trade War Puts Recovery at Risk
Growth recovery to be delayed by further trade war escalation. However, stimulus is set to cushion the drag from higher uncertainty. We look...
Japan – Increasingly Dependent on Global Recovery by the Day
Demand has been slowing in Japan. A record fiscal budget will keep the economy afloat in 2019, along with hoarding effects in the...
RBA Minutes Indicate More Rate Cuts In Coming Months
RBA, in its June meeting minutes, explicitly noted that the policy rate would be lower. This message came in more dovish than market expectations....
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...
How Much Money You Need to Start Trading on Forex
One of the most common complaints about Forex is the high barrier of entry. With a value of a standard lot being 10 000...
Trading 101: How to Trade Gold & Metals
The great Technical Analyst Martin Pring once said: “The more I work with markets, the more it becomes apparent that prices are determined by...
What is Price Action in Forex Trading?
Looking at a candlestick, bar or a line chart for the very first time is both captivating yet confusing. The typical response we hear from newer traders is that it reminds them of a hospital's heart monitor. While this medical appliance is designed to monitor the fluctuations of a heart, the chart is there to record a security's price.
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...
What is Bull and Bear in Forex Market
Bulls and bears are the main participants in the forex market. They differ in market behavior. These terms appeared on the stock exchanges but...
Don’t Let Your Doubts Prevent You from Trading Successfully
Many traders come in the Forex market to get easy and fast earnings. But instead of the desired profit, they lose their deposit in...
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 Long Will it Take Before I Can Expect Consistency?
We understand that this is a perfectly natural question, especially for newer traders. Unfortunately, it is difficult to answer. To a degree, we believe it depends on the person who is doing the asking. With that in mind, let's have a look at some of the key points relating to this subject…
Size DOES Matter… When Considering Risk and Strategy!
A phenomenon that a lot of traders notice – and you might have seen it yourself – is that when they increase the size...
Why Becoming an Independent Forex Trader is Appealing
Like most folks, the thought of low-paying government pensions, working in your seventies and, just, well, working in general, usually brings a sour taste to one's mouth. A lot of people are often left thinking that there must be more to life than this! As a matter of a fact, according to the Telegraph UK, most people at work are miserable. Shocker!
Understanding Risk:Reward For Real Success
Learn From The Best
First entry into any new endeavour is fraught with challenges and in the pursuit of excellence, the experience is a priceless...
Introduction to Trading the Flag Pattern
In this final tutorial in the series of trading the flag patterns, we take a closer look into the main elements that comprise the...
Pivot Points: Are They a Worthy Addition to Your Toolbox?
For one to say that support and resistance (S/R) is important would be a huge understatement. It’s absolutely crucial!
We would even go as far...
The First Rule of Forex Trading: FX Market Types
Have you ever found that your trading system works great one day but fails miserably the next? Your problem is quite possibly market type identification. Too many Forex traders will trade the same way no matter what the market is doing. Instead look to identify the market type first, and then devise a strategy appropriate to that market type.
How to Quickly Identify Trading Opportunities
There is a common misapprehension that trading needs to be a full-time occupation, but that's not necessarily the case. True you need to be...