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Sterling Might Bottom While Euro Would Stay Pressured, Dollar Indecisive
Sterling, Dollar and Euro were the major focuses last week as they took turn in suffering selloffs. The Pound was pressured by increasing worries...
Slow Growth, Low Inflation: What’s the ECB to Do?
Executive Summary
ECB policy uncertainty has risen substantially as the central bank mulls easing policy and as markets contemplate how the appointment of Christine...
Weekly Economic and Financial Commentary: Is a 50 Bps Cut Really in the Cards?
U.S. Review
String of Strong Data Unlikely to Dissuade July Rate Cut
The string of strong data over the past week and a half—higher than...
The Weekly Bottom Line: Resilient Consumer Unlikely To Change Fed’s Mind
U.S. Highlights
Chinese economic growth slowed 6.2% y/y in the second quarter of this year, as rising trade tensions weighed on activity. Signs of...
Dollar Mixed and Stocks Fall as Markets Brace for More Global Easing
US stocks slipped from record highs following a wrath of mixed earnings results and despite a strong signal from Federal Reserve officials that they...
Slow Growth, Low Inflation: What’s the ECB to Do?
Executive Summary
ECB policy uncertainty has risen substantially as the central bank mulls easing policy and as markets contemplate how the appointment of Christine...
Weekly Economic and Financial Commentary: Is a 50 Bps Cut Really in the Cards?
U.S. Review
String of Strong Data Unlikely to Dissuade July Rate Cut
The string of strong data over the past week and a half—higher than...
The Weekly Bottom Line: Resilient Consumer Unlikely To Change Fed’s Mind
U.S. Highlights
Chinese economic growth slowed 6.2% y/y in the second quarter of this year, as rising trade tensions weighed on activity. Signs of...
Dollar Mixed and Stocks Fall as Markets Brace for More Global Easing
US stocks slipped from record highs following a wrath of mixed earnings results and despite a strong signal from Federal Reserve officials that they...
Week Ahead: UK’s New PM, ECB and US GDP
The week ahead is set to be a quiet one in terms of macro data, but there will be plenty of company earnings to...
Weekly COT Report: USD Long Exposure Drops To A 3-Month Low
As of Tuesday 16th of July:
Net-long exposure for USD hit a 13-month low at $11.66 billion ($16.4 billion against G10)
Traders are their...
What’s Next for Sterling as Britain Flirts with a No-Deal Brexit?
The British pound remains in the eye of the storm, as markets are waking up to the risk that a no-deal Brexit in October...
Forward Guidance: US GDP Won’t Explain Fed’s Dovishness
Next week features only a few, second-tier Canadian indicators—wholesale trade and Canada’s “other” labour market report. So attention will be on US data which...
EURCHF Creeps Up to 23-month Low; Sellers Push Down Below the Border
EURCHF continued southbound from a 6-month high of 1.1475 on April 23, breaking out of an 8-month period sideways move to push towards a...
Week ahead – ECB Edges Closer To More Stimulus, US Reports Q2 GDP, UK To Get New PM
The European Central Bank is expected to steal the limelight from the Federal Reserve next week as it meets to discuss fresh stimulus measures...
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Slow Growth, Low Inflation: What’s the ECB to Do?
Executive Summary
ECB policy uncertainty has risen substantially as the central bank mulls easing policy and as markets contemplate how the appointment of Christine...
What’s Next for Sterling as Britain Flirts with a No-Deal Brexit?
The British pound remains in the eye of the storm, as markets are waking up to the risk that a no-deal Brexit in October...
RBA’s July Minutes – Cutting Rate to Weaken Aussie and Lower Unemployment Rate
RBA’s minutes for the July meeting revealed that the objective for lowering interest rate in July again was bringing down the unemployment rate and...
RBA Board Minutes Signal a Pause in the Easing Cycle
July RBA minutes confirm our expectation that the RBA will take a break from rate cuts. We continue to expect a third cut to...
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...
Inside The Forex Market: Famous Fat Finger Trades & Flash Crashes
Fat finger trades & flash crashes; these are terms that many of you might have heard on financial news channels or even seen plastered across headlines in newspapers, but do you really know what they mean?
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...
Inside the Forex Market: Searching for Black Swans?
The term itself refers to an event which occurs well beyond the boundaries of what is typically expected and, therefore, represents a catastrophic surprise. The unexpected and random nature of black swan events makes them extremely difficult to predict. Given the difficult nature of anticipating these events, Taleb suggests it is important for people to always be aware that such dramatic events can happen and to focus on their risk management, protecting themselves.
A Complete Guide to Fundamental Analysis in Forex
Fundamental analysis in forex is one of the ways to analyze the currency markets. As the name suggests, fundamental analysis is completely different to technical analysis. While technical analysis deals with price and historical price behavior, fundamental analysis focuses on the factors that are driving the prices in the market. Fundamental analysis is widely used in the stock markets and primarily among investors. But it can also be used in a number of other markets, including forex and futures.
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...
Top Ten: Trading Risk & Psychology Reads
I want to kick this segment off with an introduction to what I consider my top ten Trading Books that aren't related to trading strategies or set ups, but focused specifically on risk and psychology, as the defining moment in my trading career was moving from part time gambler to full time student of risk and psychology.
What Separates Beginners from Professionals in Forex Trading?
The world of forex is full of excitement; it gives traders the possibility of controlling huge amounts of money without the need to invest a lot of their own capital. The old industry saying of 'buy low, sell high' – when done right – can be extremely rewarding..
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.
Trading Plans – A Forex Trader’s Friend
“Everyone has a plan ’till they get punched in the mouth” – Mike Tyson
In the fast moving world of Forex trading, where high-concentration is...
Is it Possible to Trade Part Time?
'But out of limitations comes creativity'. Debbie Allen. Every endeavour has its own set of difficulties, with trading being no different! Trading the markets, even if only on a part-time basis, is incredibly challenging, and will, despite what your favourite guru may claim, take time and require a great deal of dedication.
What are Range Bars? Trading Strategies Using the Range Bar
Range bars belong to a type of chart that is independent of time. Unlike the more conventional chart types such as the candlestick and...
How to Trade Using Oscillators
Using oscillators is very prominent in the world of trading, whether you are just beginning or have been trading professionally for years. Oscillators are based on math formulas and are categorized as inductive statistics. In forex, they make up a vital part of technical analysis since they are used to confirm market trends, signal when a trade is being overbought or oversold under extreme conditions, and also inform the trader when the market's movement is about to reverse due to loss of momentum.
Introducing: Forex Swing Trading
Swing trading simply describes a method of approaching the market where the trader is seeking to capture percentage moves in a currency pair, referred to as "swings". Trades taken in this manner are usually at a reduced position size to account for the large trade parameters and can last anywhere from a day to several weeks and are typically entered on the daily time frame and above though some traders so use the 4hr charts also.
How to Build a Successful Expert Advisor
Automated day trading is probably one of the most exciting things for day traders in the forex community. It offers traders the option to build a mechanical trading system; one that doesn't require human intervention and one that can, of course, make money consistently.
Basic Market Structure
While indicators certainly have a place, very little trumps good old fashioned market structure.
As you’ll see demonstrated in the following article, building trading ideas...