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Dollar Rebounds on Retail Sales, Sterling Shrugs Solid Job Data
Dollar rebound strongly in early US session, with support from strong retail sales data. Though, upside is somewhat capped by industrial production miss. Canadian...
Japanese Trade and CPI Data Eyed ahead of Upper House Elections
Trade and inflation numbers will be watched out of Japan this week ahead of the weekend elections for Japan’s upper chamber. The June trade...
US: Retail Sales Post Another Month of Strong Gains
Following a strong print in May, retail sales advanced handsomely in June, rising by 0.4%. The headline exceeded the median survey estimate for...
USDCHF Reverses Higher But Remains Bearish in Medium Term
USDCHF rebounded on the 38.2% Fibonacci retracement level of the upleg from 0.9185 to 1.0235 near 0.9830 during yesterday’s trading session, touching the 20-day...
Crude Probes Resistance ahead of Oil Stocks Data
Crude oil ended higher in its third positive close out of the past four weeks, thanks to ongoing Middle East tensions, falling US crude...
Japanese Trade and CPI Data Eyed ahead of Upper House Elections
Trade and inflation numbers will be watched out of Japan this week ahead of the weekend elections for Japan’s upper chamber. The June trade...
WTI Price Extends Consolidation after Bulls Stalled at Key Fibo Barrier
WTI oil price managed to regain traction and edge higher on Tuesday after Monday’s fall was contained by 100DMA ($59.31).
Larger uptrend from $50.59 low...
MARKET WRAP: Facebook Defended Libra, Stocks Moved Higher
Facebook faced its first test for its cryptocurrency today at Capital Hill *Sterling dropped off the cliff.
Stocks
The S&P 500 failed to move much...
Sunset Markets Commentary
Markets
Core bonds trade mixed today with US Treasuries significantly underperforming stable Bunds. Disappointing German ZEW investor sentiment pushed the Bund to an intraday high,...
US: Retail Sales Post Another Month of Strong Gains
Following a strong print in May, retail sales advanced handsomely in June, rising by 0.4%. The headline exceeded the median survey estimate for...
USDCHF Reverses Higher But Remains Bearish in Medium Term
USDCHF rebounded on the 38.2% Fibonacci retracement level of the upleg from 0.9185 to 1.0235 near 0.9830 during yesterday’s trading session, touching the 20-day...
Crude Probes Resistance ahead of Oil Stocks Data
Crude oil ended higher in its third positive close out of the past four weeks, thanks to ongoing Middle East tensions, falling US crude...
Bitcoin – Mnuchin Comments Offer Short Reprieve
Bitcoin initially buoyed by Mnuchin’s comments
Steve Mnuchin added his voice to the President’s in expressing concerns about cryptocurrencies, with Libra and bitcoin naturally at...
GBP/USD – Hits New Lows On Brexit Worries
Sterling tumbles despite strong wage growth
Sterling has taken a tumble this morning to hit fresh two year lows. The declines started early in European...
Why The Pound Is Falling Despite Impressive Wage Growth
The pound hit fresh 6-month lows in early trade and is moving to test $1.24, despite an impressive labour market report.
There was a lot...
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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...
Chinese Economy Weakest in Almost Three Decades. Growth Could Fall Below 6% by Year-End.
GDP growth eased to +6.2% y/y in 2Q19, down from +6.4% in the prior quarter. This marks the weakest growth in 27 years. On...
China’s Strong Trade Surplus Driven by Contraction in Imports. Strong Inflation Unlikely Restrains Further Easing
China headline CPI stayed unchanged at 2.7% y/y in June. Most of the increase was driven by food price. While African swine fever has...
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...
Currency Pairs: What Pairs Are Better for Trading on Forex
A lot of currency pairs are available for trading in the forex market. Each currency pair has its own characteristics, which should be taken...
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.
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.
What Currency Pair is the Most Difficult to Trade?
If you were to look into any Forex trading guide, you’d get a recommendation to trade on major currency pairs only — at least...
Times To Trade
Trading the OTC (over the counter) currency markets offers an opportunity to hedge stock and bond investing, but really is more of a traded...
How Big Players Operate: The Psychology of Key Levels in Forex Trading
For many Forex traders, the psychology of the big players is a mystery. So let’s shed some light on the matter.
Why is this important?
Because...
This One Trick Can Change Your Trading Results
Repetition!
Yes, you read it right. Repetition!
Ever wondered why in the field of medicine, the doctors and surgeons at the top of their game often...
How To Bounce Back From Trading Losses: 5 Lessons Learned
Trading is an interesting profession and has no peak as in other occupations. It is in fact an endless journey of discovery of oneself and trading itself. Trading for me at beginning was very tough not that I was not successful in other endeavours but i took it like every beginner thinking that it was easy. With this perception, i approached trading without a plan or proper trading education on how the market works. What do you expect? Your guess is as good as mind. It was a total disaster after taking many losses; i was almost psychologically blown a way. At this stage, two important things happened to me, my P&L was in the red and i was down emotionally.
3 Steps to Building a Winning Mindset for Successful Trading
Statistics say that hardly 2% of traders actually make the cut. The remainders of the 98% are merely a flash in the pan. Some traders give up at the first taste of failure; others continue to spend money in hopes of finding the 'Holy Grail' of 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!
How to Trade the Wedge Pattern Objectively?
Trading with chart patterns can be one of the simplest ways to find highly profitable trade setups. Despite the ease of trading with chart...
Everything You Need to Know about Confluence
To say confluence is powerful would, in our humble opinion, be a huge understatement! We agree that individual pattern recognition is worthy of attention, but without additional confluence it is not something we would entertain as a conceivable setup. .
How to Properly Use Pivot Points in Your Trading
A general flaw of many traders is the habit of seeking "certainty" via indicators. It's not uncommon to see charts with five to seven indicators overlaid on them. However, the traders that seek certainty through indicators are usually the same traders that don't "dig deep" into the indicator to understand how it's built.
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 Identify and Trade the Strongest Part of a Trend – Part 2
In the previous article, we looked at how traders can ignore the moving average and instead focus on just the Average Directional Index (ADX) and the Moving Average Convergence and Divergence (MACD) indicators to determine the trend strength.