Tue, Oct 20, 2020 @ 17:09 GMT

Euro and Swiss Franc Rally as Markets Expect More Negative Rates...

Markets continue to be dominated by strength of Euro and Swiss Franc today. That comes in spite of surging coronavirus infections in Europe. Meanwhile,...

EUR/USD Mid-Day Outlook

GBP/USD Mid-Day Outlook

USD/JPY Mid-Day Outlook

USD/CHF Mid-Day Outlook

AUD/USD Daily Report

USD/CAD Daily Outlook

Aussie Pairs Nearing Key Support: AUD/CAD, AUD/JPY, AUD/USD

The Reserve Bank of Australia’s (RBA) Kent spoke last evening and hinted that the central bank is considering further easing in monetary policy.  This...

USD/CAD Continues to Range-Trade

USD/CAD is almost unchanged for a second straight day. In Tuesday’s North American session, the pair is trading at 1.3184, down 0.06% on the...

AUD/USD Slips on Dovish RBA Minutes

The Australian dollar has registered considerable losses on Tuesday. In North American trade, AUD/USD is trading at 0.7028, down 0.57% on the day. RBA minutes...

Gold Range Trading, Oil Eases Lower

Consumption fears weigh on oil Oil prices eased overnight, as the OPEC+ JMMC meeting signalled no change to OPEC+ production cuts in the future, and...

Aussie Pairs Nearing Key Support: AUD/CAD, AUD/JPY, AUD/USD

The Reserve Bank of Australia’s (RBA) Kent spoke last evening and hinted that the central bank is considering further easing in monetary policy.  This...

USD/CAD Continues to Range-Trade

USD/CAD is almost unchanged for a second straight day. In Tuesday’s North American session, the pair is trading at 1.3184, down 0.06% on the...

Sunset Market Commentary

Markets The EU successfully auctioned 10y and 20y supranational social bonds to finance its €100bn SURE programme. The bonds carry a triple A rating. Demand...

US: September Marks Another Solid Month for Housing Starts

U.S. housing starts increased by 1.9% month-on-month to 1.42 million units (annualized) in September. The headline print came slightly below market expectations, which...

AUD/USD Slips on Dovish RBA Minutes

The Australian dollar has registered considerable losses on Tuesday. In North American trade, AUD/USD is trading at 0.7028, down 0.57% on the day. RBA minutes...

U.S Futures Green – Watch INTC, PG, PM, IBM, GS, MRNA, MSFT

The S&P 500 Futures are posting a rebound after they closed sharply lower yesterday. Despite House Speaker Nancy Pelosi calling on the government to...

Deal Making Time

Stimulus optimism comes and goes in these markets and it seems to be making a comeback again on Tuesday as Pelosi and Mnuchin work...

EU Issues Social Bonds With Record Demand

Notes/Observations EU first social bond issuance saw record demand of €230B in the duel tranche offering Continued wait-and-see mode around US fiscal stimulus Companies...

XAU/USD Analysis: Remains Below 1,915.00

On Monday, the XAU/USD exchange rate reversed south from the 1,915.00 level. Given that yellow metal is pressured by the 55-, 100– and 200-hour moving...

USD/JPY Analysis: Revealed Rising Wedge Pattern

The USD/JPY currency pair has revealed a rising wedge pattern. From a theoretical perspective, it is likely that the exchange rate could continue to trade within the...
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RBA Minutes Reveal Strong Conviction to Further Easing in November

RBA's minutes for the October meeting offered more supports that further easing will be rolled out soon. Potential measures include rate cuts and asset...

China’s GDP Growth Missed Consensus. Strong Activity Data Support Renminbi’s Outlook

The latest set of China's macroeconomic data is mixed in the headline. GDP growth in the third quarter came in below market expectation. However,...

RBA Governor Gives ‘Game Changer’ Speech

I had expected that the events this week would be highlighted by the stunning 11.9% surge in the Westpac-Melbourne Institute Consumer Sentiment Index. That was...

China’s Inflation Weakened as Growth in Food Price Decelerated. Subdued Core CPI Evidenced Domestic Economy Not Yet Out of the Woods

China’s headline CPI moderated to +1.7% y/y in September, from +2.4% a month ago. This has missed consensus of +1.9%. The weakness was mainly...

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...

Risk-on and Risk-off

First confronted with the somewhat esoteric terms risk-on and risk-off (or RoRo) typically (for those born in the 70s/80s) evokes childhood memories of the...

8 Forex Terms: How Professional Forex Traders Speak

Very often, traders and professional Forex investors simplify currency pair names by referring to them using nicknames. The most used jargon in FX is...

Exchange Rate on Forex

Exchange rate is one of the key concepts on Forex. Traders sell one currency, buy another and earn on the difference in rates. When...

Trade Bitcoin the Right Way

To say recent history has been an emotional roller-coaster for Bitcoin would be an understatement! The market opened 2017 at a price of $966.0 and...

Why Trade FX: 7 Key Differences Between FX and Other Instruments

In the first part of this article, we looked at the relationships and investment themes that traders can access using FX. In the second...

What Can We Learn from Successful Traders?

Although at times trading can seem like banging one’s head against a wall, there is light at the end of the tunnel. There are traders...

What Snipers Can Teach You about Trading

A military sniper's edge is not only crucial, it's also extremely extensive! Determining distance, selecting camouflage, preparing a suitable location, making sure that the rifle is well-sighted, having the correct mindset and showing patience are just some of the components that help form a sniper's edge in the field. Without it, there could potentially be fatal consequences. Fortunately, for us civilians we don't have to deal with the stresses of conflict. What we can do from here, however, is apply some of these elements a sniper uses to form a complete trading edge. What we mean by 'complete' is simply an edge which has all the necessary components to achieve consistency in the market.

Accepting Losses and Learning to Trade Forex Systematically

Even the best forex traders in the world have losing trades - losing is a part of trading - but how do you react when you lose? How do you feel? If you're angry or sad; chances are you were risking too much, or taking a trade you knew you shouldn't - or both.

Why Becoming an Independent Forex Trader is Appealing

Like most folks, the thought of low-paying government pensions, working in your seventies and, just, well, working in general, usually brings a sour taste to one's mouth. A lot of people are often left thinking that there must be more to life than this! As a matter of a fact, according to the Telegraph UK, most people at work are miserable. Shocker!

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...

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...

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.

How to Cut Losses and Ride Winners

Have you ever pulled the plug on a trade, only to see it cover 200+ pips in the next few hours? I have, and it's not a nice feeling. Vice versa: have you ever held onto a losing trade, thinking that the market had to turn around sooner or later? Again, I've done that. I've widened my stop loss, exposing more of my capital to the market. These are direct violations of the one rule that we simply cannot ignore: cut losses quickly and let winners ride as long as (logically) possible.

Five Rules Around Managing Risk

Risk and reward are two sides of the same coin when it comes to trading the markets. In fact, taking on, managing and, where possible,...

Trading the Forex Market Using Bullish and Bearish Pennants

Observing sharp moves form in the foreign exchange market followed by periods of consolidation is common viewing. The problem traders have, though, is deciphering whether...