Sun, Oct 21, 2018 @ 09:00 GMT

Multiple Themes in Markets, More Upside in Euro after Surviving Italy...

The markets were driven by multiple themes last week. Dollar ended up broadly higher as supported by hawkish FOMC minutes and rebound in treasury...

EUR/USD Weekly Outlook

USD/JPY Weekly Outlook

GBP/USD Weekly Outlook

USD/CHF Weekly Outlook

AUD/USD Weekly Outlook

USD/CAD Weekly Outlook

The Weekly Bottom Line: Higher Interest Rates May be Starting to Bite

U.S. Highlights Equity markets stopped hemorrhaging and partially recovered from last week's downturn. Domestic data was predominantly underwhelming, but did little to change the...

US Growth in Q3 to Guide Dollar

The US dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and...

Week Ahead – Central Banks and US Q3 GDP in Focus; BoC Poised to Raise Rates

Central bank meetings will take centre stage in the coming week as economic data will be in short supply. With four policy meetings lined...

Canadian Inflation Closer to 2% in September after Summer Spike

Highlights: CPI inflation dropped to 2.2% in September year-over-year from 2.8% in August. Market expectations were for a more gradual slowing to 2.7%. The...

Forex Forecast and Cryptocurrencies Forecast

First, a review of last week’s events: EUR/USD. As expected, the past week was filled with all sorts of events. These included macroeconomic statistics from...

Weekly Economic and Financial Commentary: Signs Pointing to Solid Third Quarter Growth

U.S. Review Signs Pointing to Solid Third Quarter Growth Retail sales rose 0.1% in September. Less-volatile control group sales, which feed into GDP, increased 0.5%. ...

The Weekly Bottom Line: Higher Interest Rates May be Starting to Bite

U.S. Highlights Equity markets stopped hemorrhaging and partially recovered from last week's downturn. Domestic data was predominantly underwhelming, but did little to change the...

US Growth in Q3 to Guide Dollar

The US dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and...

Temporary Consolidation on AUDJPY Points Lower – Elliott Wave Analysis

AUDJPY is slowly recovering within very choppy and overlapping price action, which means that we have to track it as a corrective rally, especially...

EURUSD Outlook: Bounces on Profit-Taking Seen as Positioning ahead of Fresh Weakness

The Euro hit session high at 1.1494 in US trading on Friday, following bounce from key near-term support and target at 1.1432 (09 Sep...

USDCAD Outlook: Loonie Falls on Weak Canadian Data, Strong Greenback and Oil Price Fall

The USDCAD pair rose to new five-week high at 1.3119 on Friday, on nearly 100-pip jump after disappointing data from Canada. Canadian CPI m/m...

US Election Monitor #3: Standstill as US Criticises China Trade Policy

With less than three weeks to go, the Democrats are still leading significantly in the opinion polls. FiveThirtyEight models still point towards a divided...

Week Ahead- ECB Decision, US GDP and Davos In Desert

Markets will keep an eye on the development of Italy’s budget. China grew slower than expected. The Philly Fed index dipped from 22.9 to...

Week Ahead – Central Banks and US Q3 GDP in Focus; BoC Poised to Raise Rates

Central bank meetings will take centre stage in the coming week as economic data will be in short supply. With four policy meetings lined...
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US Election Monitor #3: Standstill as US Criticises China Trade Policy

With less than three weeks to go, the Democrats are still leading significantly in the opinion polls. FiveThirtyEight models still point towards a divided...

China’s Economic Growth Slowed More than Expected. Worst of Trade War Yet to Come

China’s economic growth decelerated further in 3Q18, as the impacts of restraining infrastructure investment and trade war surfaced. GDP growth moderated to +6.5% y/y...

Is the FOMC or the Private Sector More Consistent?

"Prophesy is a good line of business, but it is full of risks." – Mark Twain Executive Summary In our previous reports, we developed a framework...

US Election Monitor #2: Kavanaugh Confirmation Not Likely to Affect the Senate Battle

Election day on 6 November is approaching. In August and September, the generic ballot polls moved up in favour of the Democrats – from...

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...

Forex Forecasts: Basic Forex Forecasting Techniques

It's not an exaggeration to say that the Forex market is the largest financial market in the world, especially with a daily volume of...

What CPI Is and How to Trade Inflation Data

Consumer Price Index, CPI for short is a measure of the change in the weighted average of prices from a basket of consumer goods and services considered essential. CPI is calculated by tracking the price changes for each of the items in the basket of goods and weighted in importance.

What is Leverage and How Does it Work in the Forex Market?

Leverage essentially means having the ability to control a large sum of capital using very little of your own funds and borrowing the rest. When you buy a house on credit i.e. a mortgage, for example, you are actually trading with leverage. Say you put a 25% down payment of $50,000 on a house worth $200,000, you are effectively using leverage here!

Using Expert Advisors to Improve Your Trading

Traders may or may not agree that using an automated trading strategy will improve your trading results. But one cannot ignore the fact that an EA can be beneficial in the early stages of developing your trading strategy. In this article, we look at how using automation can help you to cut down on time while providing an objective analysis of your trading system.

Trading USD/CAD Currency Pair

The Canadian dollar is a national currency of Canada. It is a free convertible currency and the sixth most traded currency on the Forex...

7 Hidden Biases and How They Hold Back Your Trading

Biases are like shortcuts for your brain. They can have an unusually large impact on how you make decisions in your everyday life, but particularly when it comes to your trading. To put it simply, your brain has a way of conserving energy by making fast decisions or mental shortcuts in what are known as heuristics.

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...

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 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...

Five Tips on Choosing a Forex Signals Provider

Using a forex signals provider can be exciting for some. For others, having used a forex signals service already and having met with some disappointments, one can get skeptical about using such a service already. This brings the question whether one should use a forex signals service. It also prompts the question whether a forex signals provider can generate profits or equity growth for you.

The Secret Behind Bearish Trend Reversals

Trader's looking to enter the market are often sent off on a journey to discover the 'holy grail' of market entries. They study numerous theories; Japanese candlestick reversals, contrarian theory, oscillator divergence, wave theory, and others. Traders who are just starting out, put their trust in indicators and oscillators and rely on them make the decisions on when to place an order - and the more indicators/oscillators they discover, the more they add into their strategy.

Short Selling – Forex Trading Strategy that Works

Among different strategies for online trading special attention has been given to the idea of Short selling. You definitely heard “go short” phrase from...

Rising and Falling Wedge Patterns

When talking about reversal patterns in Forex trading, few are more familiar or widely-known than rising and falling wedges. But why so? Well, wedge...

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...

Using Fibonacci Levels in Your Trading

An Italian mathematician who went by the name of Leonardo Pisano, or Leonardo of Pisa, was perhaps the most talented western mathematician of the...