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Sentiments Stabilized after German Confidence Data, Brexit to Take Spotlight Again
Market sentiments generally stabilized today after initial selloff in Asia. While major European indices are still in red, losses are so far very limited....
R-Star Wars: The Phantom Menace
Highlights
Markets are pricing a cut in Canadian and U.S. policy rates, while central bankers are still showing a gap relative to their higher...
QE Redux: Have We Been Here Before? Fed Policy Review Part 3
Executive Summary
In the third of a series of reports examining how the Fed's framework and toolkit may evolve in the coming years, we discuss...
Sunset Market Commentary
Markets
Global core bonds are gaining modest ground today with US Treasuries outperforming German bunds. The German IFO current business confidence index increased from 103.6...
USD Mixed as Global Yields Steady and Trump Celebrates
Asian markets followed the lead from the US and finished largely lower. The key story over the weekend was Attorney General William Barr’s four-page...
Gold Climbs to 4-Week High as Risk Apprehension Jumps
Gold has posted strong gains to kick off the week. In Monday’s North American session, the spot price for one ounce of gold is...
British Pound Steady, But More Brexit Drama Looms
GBP/USD is almost unchanged in the Monday session. In North American trade, the pair is trading at 1.3228, up 0.14% on the day. It’s...
R-Star Wars: The Phantom Menace
Highlights
Markets are pricing a cut in Canadian and U.S. policy rates, while central bankers are still showing a gap relative to their higher...
QE Redux: Have We Been Here Before? Fed Policy Review Part 3
Executive Summary
In the third of a series of reports examining how the Fed's framework and toolkit may evolve in the coming years, we discuss...
GBP/USD Outlook: Pound Ticks Higher on News of Possible MV3 on Tuesday but Still Directionless
Cable spiked to session high at 1.3246 on comments that the third parliament's vote on Brexit plan could be tomorrow.
Pound remains volatile and very...
Sunset Market Commentary
Markets
Global core bonds are gaining modest ground today with US Treasuries outperforming German bunds. The German IFO current business confidence index increased from 103.6...
GOLD Looks To Pullbacks On Corrective Weakness
GOLD looks to pullback on corrective weakness. While the commodity trades below the 1,320.35 level, risk of more decline remains. The commodity looks to...
Canadian Dollar Unchanged on Light-Data Calendar
The Canadian dollar is unchanged on Monday, after USD/CAD rallied late last week. In the North American session, the pair is trading at 1.3430,...
European FX Handover
According to ITV, UK PM Theresa May will bring a third meaningful vote on Brexit to the floor tomorrow, though several hurdles remain....
USD Mixed as Global Yields Steady and Trump Celebrates
Asian markets followed the lead from the US and finished largely lower. The key story over the weekend was Attorney General William Barr’s four-page...
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R-Star Wars: The Phantom Menace
Highlights
Markets are pricing a cut in Canadian and U.S. policy rates, while central bankers are still showing a gap relative to their higher...
QE Redux: Have We Been Here Before? Fed Policy Review Part 3
Executive Summary
In the third of a series of reports examining how the Fed's framework and toolkit may evolve in the coming years, we discuss...
European Recession Revisited
Fears of a Eurozone recession are back in the headlines today after a series of disappointing PMI figures from the currency bloc. The March...
BOE Left Policy Unchanged. Next Move Depends on Brexit Outcome
BOE voted unanimously to leave the Bank rate unchanged at 0.75%, and the asset purchase program at 435B pound, in March. Dataflow during the...
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...
The Relationship Between Crude Oil And CAD
Historically speaking, crude oil and the Canadian dollar have had a very strong relationship, most of the time, the two assets having a high...
The Trader’s Guide to Trading the New Zealand Dollar
The country, economy and the currency.
New Zealand could be considered to be the smaller and often overlooked cousin of Australia. But in truth, the...
The Trader’s Guide to Macro Data
Macro economic data is the lifeblood of the Forex markets and whether you are a fundamental or technical trader, it's this data, the changes in sentiment and outlook among your trading peers that drive price action. Simply because FX is all about global macro at heart.
What Currency Pair is the Most Difficult to Trade?
On Forex, a currency pair is the main trading instrument. Traders usually choose major currency pairs, the so-called majors. But there are other currencies...
Bitcoin Is a Bubble, Yet Cryptotrading Still Works
The first major economic bubble is related to the very idea of public trading. The moment East India Company started selling stock, it had...
Do You Have a Cut-Off Point?
‘Hope for the best, plan for the worst’ – Lee Child.
While we tend to evade the word ‘hope’ in trading, the opening quote resonates...
What Separates Beginners from Professionals in Forex Trading?
The world of forex is full of excitement; it gives traders the possibility of controlling huge amounts of money without the need to invest a lot of their own capital. The old industry saying of 'buy low, sell high' – when done right – can be extremely rewarding..
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...
Five Common Trading Mistakes and How to Overcome Them – Part I
Trading can be quite a challenge for most, regardless of whether you are a novice or an experienced trader. Emotions, analysis, trading strategy all play a role when it comes to executing the picture perfect set up. But more often than not, traders tend to end up making mistakes which often can be decisive between increasing your bottom line trading equity and erasing your gains completely. No matter how good a trader you are, here are five most commonly made trading mistakes along with some suggestions on how one can avoid or deal with them more objectively.
Sometimes the Best Position is NO Position
At first glance, this may seem inefficacious. As a trader, you engage with the market to profit and the only way to achieve this...
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...
Finding Great Entries With Fibonacci Analysis
Ancient Maths For Modern Markets
Fibonacci analysis is a classic staple among chart technicians and is used by traders of all levels from all over...
Breakout Trading: Methods & Tactics To Improve Your Chances of Success
What is Breakout Trading?
Breakout trading is simply where we look to capture an expansion in price as it moves beyond either a defined high...
How to Trade Forex with Swing Trading Strategies
Swing Trading is a mid term trading strategy often utilised by FX and CFD traders. Swing Trading positions may be kept open for just a few hours, but Swing Traders can also choose to keep a trade open for much longer, under the right market conditions.
Why Do Support and Resistance Levels Break?
Support and resistance levels or supply and demand levels are the backbones of technical trading. Regardless of the type of technical analysis methods used, be it an indicator based trading system or a price action based trading system, support and resistance levels plays a crucial role.