Tue, Apr 07, 2020 @ 08:40 GMT

Aussie Gained as RBA Hinted the Possibility of Easing the Pace...

As widely anticipated, RBA left the cash rate unchanged at 0.25% in April. This is following two emergency rate cuts (50 bps in total)...

EUR/GBP Daily Outlook

EUR/AUD Daily Outlook

EUR/CHF Daily Outlook

EUR/USD Daily Outlook

GBP/USD Daily Outlook

USD/CHF Daily Outlook

RBA Board Confirms Commitments to Recent Policy Announcements – Excludes Any Economic Forecasts

The Reserve Bank Governor Confirmed his Commitment to the 0.25% target for the cash rate and the three year bond rate. The Bank has...

Australia’s Exceptional Expansion: All Good Things Must Come To An End

Executive Summary Australia's economic situation has deteriorated significantly in recent months on the back of the coronavirus outbreak and some weakness in commodity prices....

GBP/USD: Here’s Why 1.2500 Holds Key For More Upsides

Key Highlights GBP/USD is facing a strong resistance near the 1.2500 region. Recently, there was a break below a contracting triangle with support near...

BoC Survey Highlights Energy Shock

Conditions were softening before COVID-19 concerns intensified Mid-March follow-up shows growing impact on consumer-oriented businesses Energy firms think current shock worse than 2008...

USD/JPY Bulls Are Still Strong

The USD/JPY is still very bullish. We can clearly see the bullish order block (red line) and a possible bounce off the level. 108.60-80 is...

XAU/USD Rises To A Four-Week High

Gold prices are holding on to the bullish gains with prices rising sharply to a four-week high. This comes after the breakout above the previous...

WTI Crude Oil Fails To Breakout Off Resistance

Oil prices continue to maintain a strong gain, building upon the momentum over the past few sessions. Price action is back to the resistance level...

Sterling Creeps Back Into Range

The GBPUSD currency pair is rising back into range after slipping to the downside of 1.2280. The bias remains mixed for the moment. If GBPUSD...

Euro Holding On To 1.0787 Support

The euro currency is trading near the support level 1.0787 level. With the Stochastics oscillator moving from the oversold level, we expect the momentum to...

Currencies: Dollar Rally Slows, For Now

Rates: More supply-related underperformance of US Treasuries? A US stock market outperformance and the start of the US Treasury’s mid-month refinancing operation triggered underperformance...

Wall Street Rallies As COVID-19 Curve Starts To Flatten

Wall Street rallied yesterday as investors remained optimistic about the news that Coronavirus cases were peaking. The Dow Jones, Nasdaq, and S&P rose by...

Denmark And Austria Present Their Covid-19 ‘Exit Strategy’

Market movers today The biggest event of the day is the Eurogroup video conference. The finance ministers are expected to discuss three proposals: (1) a...

Aussie 10-Year Bond Yields Rise On RBA Statement

General Trend: Oil FUTs rise over 3% in Asia amid focus on OPEC+, Trump commented on energy markets at daily briefing Shanghai Composite rises...

ETHUSD Breaks Resistance

Ethereum has finally broken above key short-term technical resistance and may be set to attack towards the $175.00 resistance level. Continued gains above the...
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Aussie Gained as RBA Hinted the Possibility of Easing the Pace of QE

As widely anticipated, RBA left the cash rate unchanged at 0.25% in April. This is following two emergency rate cuts (50 bps in total)...

Australia’s Exceptional Expansion: All Good Things Must Come To An End

Executive Summary Australia's economic situation has deteriorated significantly in recent months on the back of the coronavirus outbreak and some weakness in commodity prices....

Is this a Light at the End of the Stock Tunnel or Just a Flashlight?

Stock prices are making a V turn after experiencing the sharpest downfall since financial crisis and bargain hunters are looking for the right time...

Oil Rally likely Short-lived as Coordinated Output Cut Could Take Long to Materialize

Crude oil prices rebounded yesterday, on speculations that Saudi Arabia and Russia might agree to cut output. Donald Trump noted on Twitter that he...

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...

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...

Forex Trading vs. Equities, Commodities and More

Top Down not Bottom Up FX or Forex trading is one of the engines of global financial and economic systems. The decision by the United States...

How to Trade Forex for Beginners

With the improvement of technology in the late 20th century, the world of forex trading opened up to the internet. By 2004, forex had developed into a $1.9 trillion a day market. As of 2016, the daily volume surpassed $5 trillion a day! Gaining access to the markets is relatively easy. The creation of the Internet made it possible to trade currencies anywhere in the world with internet access, 24 hours a day five days a week.

Including Fundamental Analysis In Your Trading

Do you remember the first time that you came across the financial markets, or more specifically, forex trading? Unless you had a keen interest in economics, it's highly likely that you were almost immediately drawn to technical analysis (T.A). Those attractively colourful indicators, pin-point accurate support/resistance lines and rumours of other technical traders trading for a living, is usually enough to lure the majority of newcomers into this category. There is, however, another technique used to analyse the markets: fundamental analysis (F.A).

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?

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.

How to Simplify your Forex Trading

It’s entirely possible to trade profitably using just our eyes, charts, and grey matter as “hunting” for setups can cause more pain than gain....

The 3 Core Principles to Improve Your Trading

Simplicity is best in just about anything, but as humans making things complex is what we do best. Forex trading is no different either....

Do You REALLY Have What it Takes to be a Successful Forex Trader?

Trading any market consistently is difficult. It tests you in ways you’ve not likely been tested before, with the majority failing to achieve their...

Managing Greed in Forex Trading

If you want to be a successful forex trader, greed is probably the biggest obstacle you'll have to overcome. If you try to get rich on every trade, you'll more than likely end up blowing your account - slow and steady wins the race. It's the great paradox that all traders face - if you want to get rich quickly, you have to do it slowly.

Moving Averages Explained

Among technical analysts, moving averages (MA) are one of the more commonly used indicators. In the right hands, these tools can be exceedingly powerful! The...

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.

TMT (Trend-Momentum-Trendline) Scalping System

TMT (Trend-Momentum-Trendline) is a trend scalping trading system based on a set of trend indicators and oscillators. It is developed for MetaTrader 4 for...

11 Tips for Improving the Performance of Your Expert Advisor (EA)

For many Forex traders, EAs represent dozens of hours spent carefully crafting an automated version of their own trading strategy. It is a labour of toil and love, but more often than not all the donkeywork ends in an EA that does not come up to scratch. Perhaps it works inconsistently, or worst case it does not work at all.

Exploring the Trend Line

As humans we love to overcomplicate things! While an elaborate trading strategy may impress your family and friends, it is unnecessary to succeed. For those that...