Fri, Feb 22, 2019 @ 01:49 GMT

Dollar Weakens Again on Data Disappointment, Eyes Trade Talk Results

Dollar turns weaker again in early US session after data disappointment. Also, the USDA reported that US farm exports to China will suffer steep...

USD/JPY Mid-Day Outlook

USD/CHF Mid-Day Outlook

EUR/USD Mid-Day Outlook

GBP/USD Mid-Day Outlook

GBP/JPY Daily Outlook

EUR/JPY Daily Outlook

Silver Eases Below 7-Month High; Bullish in Near Term

Silver retreated after jumping towards a new seven-month high of 16.20 during Wednesday’s session. The bullish picture in the very short-term looks to last...

Canadian Dollar Improves to 2-Week High as Fed Preaches Patience

The Canadian dollar continues to improve this week. Currently, the pair is trading at 1.3169, down 0.06% on the day. Canada will release ADP...

DAX Rally Continues as US-China Talks Gain Steam

The DAX index continues to head higher this week. Currently, the DAX is at 11,418, up 0.14% on the day. It’s a busy day...

Aussie Dollar Drops On Coal Ban

Thursday February 21: Five things the markets are talking about Euro equities are struggling for direction, unlike most of its Asian counterparts in the overnight...

US 100 Index Still Positive, But Correction May Be Looming

The US 100 index continues to print higher lows and higher highs on the daily chart, after it bottomed on December 26. The short-term...

AUDJPY Trapped in a Narrow Range, Neutral in the Short-Run

AUDJPY has been stuck in a narrow sideways range, with an upper bound at 79.80 and a lower bound at 77.40, since early January....

Silver Eases Below 7-Month High; Bullish in Near Term

Silver retreated after jumping towards a new seven-month high of 16.20 during Wednesday’s session. The bullish picture in the very short-term looks to last...

Japan 225 Stock Index Stands Tall at 9-Week Highs

Japan’s 225 stock index has staged a 5% rise over the past two weeks to jump above the Ichimoku cloud and reach a nine-week...

USDCNH Touches 7-Month Low; Turns Negative after Bouncing Off 10-Month High

USDCNH had a strong bearish start on Thursday, with the price falling below a crucial support of the 38.2%Fibonacci retracement level of the upleg...

USDZAR Trades Below Downtrend Line, Outlook Still Begative

USDZAR continues to trade in a downward pattern, with the price structure consisting of lower highs and lower lows below a downtrend line drawn...

Sunset Market Commentary

Markets Global core bonds lost ground today with US Treasuries underperforming German Bunds. News that the US and China are working on several memorandums of...

Weekly Risk Assessment

Global trade talks dominated proceedings in this holiday shortened trading week, along with central bank rhetoric and Brexit posturing. There have been a number of...

Canadian Dollar Improves to 2-Week High as Fed Preaches Patience

The Canadian dollar continues to improve this week. Currently, the pair is trading at 1.3169, down 0.06% on the day. Canada will release ADP...

DAX Rally Continues as US-China Talks Gain Steam

The DAX index continues to head higher this week. Currently, the DAX is at 11,418, up 0.14% on the day. It’s a busy day...
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FOMC Minutes – Balance Sheet Reduction Likely Ends This Year

In the minutes for the January FOMC meeting, the members elaborated the rationale for their dovish shift. While affirming solid growth and the resilient...

Westpac expects the RBA to cut the Cash Rate by 25bps in August and November

Westpac now expects the Reserve Bank to cut the cash rate by 25bps in both August and November this year. We have revised down our...

Gold Rips Higher Amid a Quiet Flight to Safety

Bullion prices continue to surge, ascending to fresh 10-month highs this week. Since the correlation between gold and the US dollar has diminished lately,...

The Outlook for the Fed’s Balance Sheet: An Update

Executive Summary In a two-part report we wrote last summer, we analyzed the assets and liabilities of the Fed's balance sheet to determine at what...

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...

What is Price Action in Forex Trading?

Looking at a candlestick, bar or a line chart for the very first time is both captivating yet confusing. The typical response we hear from newer traders is that it reminds them of a hospital's heart monitor. While this medical appliance is designed to monitor the fluctuations of a heart, the chart is there to record a security's price.

Fundamental Analysis in Forex Trading

In terms of Forex trading, Fundamental analysis aims at analyzing group of countries’ economic data and performance in order to compare them. The use...

What Is the Economic Calendar and What Is it For?

There are 2 ways to analyze forex: technical analysis – forecasting the trend direction based on indicators and historical data and fundamental analysis which...

Non-Farm Payrolls Explained

What is it? The Non-Farm Payroll is a monthly record of job creation (not including seasonal agricultural roles) in the USA. But the report also...

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,...

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....

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.

Size DOES Matter… When Considering Risk and Strategy!

A phenomenon that a lot of traders notice – and you might have seen it yourself – is that when they increase the size...

Five Simple Trading Lessons from Hell’s Kitchen

Hell's Kitchen, one of Chef Gordon Ramsay's many reality TV shows is quite an entertaining show to watch. Chefs face off to win a grand prize of running their own restaurants at the end. However, the path to success isn't easy as the contestants are truly put to hell. From having to deal with their peers to putting their differences aside and working as a team, Hell's Kitchen simply draws the viewer into it.

Manage and Master the Expected Emotions of Forex Trading

For optimal performance, it is important to learn the top emotions to expect from forex trading. By becoming familiar with these emotions, forex traders can better equip themselves with the right strategy and the most suitable mindset. Whether you are experiencing stress or excitement, emotions can greatly influence forex trading results. For continued profitability and strong mental health, take control of your well being and become aware of the inevitable emotions of forex trading.

Guide to Trading with Divergence: the Background

Divergence-based trading strategies are quite common and often used in tandem with trend following strategies. Perhaps one of the most commonly used technical indicator...

The Ceaseless Quest for a Perfect Strategy

Although having a well-defined trading strategy is vital to get ahead, some traders (particularly those new to the business) mistakenly believe that this is...

Support and Resistance Revealed

Most traders, including novices, know that prices that reach the support line, bounce up and prices that reach the resistance line retract. This applies to price activity within a range. In fact, it taps into the very definition of range - price action within a bounded area on the chart. Due to this, range trading is very popular - so much so, that many systems have been designed around trading support and resistance and extracting the most out of the predetermined path of the price.

Is It Possible to Double Your Money Each Day by Trading?

There are many ads online that tell you can double your profits on Forex in just a day. Of course, this is an exaggeration....

Scalping: How to Opportunistically Trade the FX Market

Scalping is an area of Forex trading that always appeals to new traders because of the potential to make big profits, quickly. However, with the high level of reward also comes a high level of risk, so it is super important that you take the time to properly understand scalping before applying it to live markets. As ever we are going to take things slow and steady and make sure that we cover everything so that you are really comfortable.