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BOC Preview – All Eyes on Likelihood of Micro Rate Cut
BOC is widely expected to leave its overnight rate at the effective lower bound of 0.25% in January. The size of asset purchases will...
Weekly Economic and Financial Commentary: Consumers Pull Back as COVID Continues to Surge
U.S. Review
Consumers Pull Back as COVID Continues to Surge
Retail sales fell 0.7% in December, the third straight monthly decline. Sales are still up...
The Weekly Bottom Line: New Year, New Stimulus
U.S. Highlights
President-elect Biden unveiled a proposal for a new relief package this week. The $1.9 trillion plan includes additional one-time stimulus checks, unemployment...
Forward Guidance: BoC to Flag Medium-Term Optimism, Near‑Term Concern
The Bank of Canada’s first rate decision of 2021 is expected to yield no change to its policy stance with the overnight rate holding...
Week Ahead: Biden Inauguration, More Lockdowns, and Central Bank Meetings
On Wednesday, January 20th, Joe Biden will be sworn in as the 46th President of the United States. After a controversial four years, President...
What Does Biden’s Stimulus Plan Mean for the US Dollar?
On Thursday evening, President-elect Joe Biden unveiled a $1.9 trillion stimulus package to help Americans due to the economic impact of the coronavirus. The...
Week Ahead – Earnings Season in Focus
Optimism remains despite Covid-19 surge
Earnings season is under way and will become an increasing focus in the coming weeks. New variants of Covid-19 are...
Week Ahead – ECB, BoJ and BoC Meet But All Eyes on US Capitol
The first of the new year’s central bank meetings will get under way next week and it will be a heavy schedule on the...
Weekly Focus – Biden Inauguration Next Week amid Fed Repricing
President-Elect Joe Biden is due to be inaugurated on Wednesday. While the event is normally a pure formality, tensions are high in the US,...
January Flashlight for the FOMC Blackout Period
Executive Summary
The January 26-27 meeting of the Federal Open Market Committee (FOMC) is now eleven days away, and we have entered the blackout period...
US: Retail Sales Down for Third Month in a Row in December
Retail sales disappointed again, recording a drop of 0.7% on the month versus an anticipated decline of 0.2%. The November reading was revised...
Five Tips for Forex Trading With a Full Time Job
"My kids think all fathers work from home" – Marty Schwartz, Market Wizard
If your aim is to create a second income through Forex trading,...
Can I Leave Orders Open over Weekends?
Friday is the end of the working week for traders as well. Ahead is the weekend and rest, after which again Monday comes, and...
How Global Events Can Affect the Foreign Exchange Market
Over the course of the past two decades, the forex market has grown into the world’s largest financial venue. In fact, according to the...
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...
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.
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.
Become a Successful and Balanced Trader with These 5 Trading Virtues
Get to know the trading virtues you need to develop for a successful trading career. Virtues are described as traits that revolve around moral...
Reliable Ways to Prevent Yourself from Overthinking When Trading
When trading an active forex market, free yourself from constant worry and apply surefire ways to stop yourself from overthinking. For an effective trading...
How Long Can I Hold the Position in Forex Trading?
Any position in the Forex market is opened with the aim of obtaining profit. How long a position is open depends on the desire...
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...
Tactical Trading Concepts: Liquidity Pools and Stop Orders
Have you ever been stopped out, only to see price reverse from that very same level? Don’t worry: you’re not alone, and here’s why....
Does a Perfect Strategy Exist?
Visualise yourself perfecting your trading method: spending countless hours working on a perfect system that has a 90% win rate and small losses. You study, study, study, and study again. At a certain point, the back-tested results give you the confidence to take it live.