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Australian Dollar Tumbles as RBA Hints on Rate Cut; Huawei Sanctions...
Australian Dollar continues to be the spotlight of the week. It's knocked down by RBA Governor's comment that they's going to consider cutting interest...
WTI Crude Futures Stand Above 23.6% Fibonacci, Slightly Bullish
West Texas Intermediate (WTI) crude oil futures returned back above the 23.6% Fibonacci retracement level of the upleg from 51.60 to 66.60, around 63.0,...
Euro Edges Lower, Markets Brace For Soft Eurozone Consumer Confidence
EUR/USD has posted slight losses on Tuesday. Currently, the pair is trading at 1.1148, down 0.16% on the day. On the release front, there...
Westpac Moves Rate Profile Forward to June and August
Westpac has revised the forecast it released on February 21 that the RBA would cut the cash rate in August and November to June...
UK Inflation To Tick Higher, Retail Sales To Fall Back But Pound’s Eye On European Elections
Inflation and retail sales numbers for April will be reported out of the United Kingdom this week, but with political uncertainty running high, the...
USDTRY Outlook: Turkish Lira Stabilizes On CBRT’s Easing, All Eyes On Q1 GDP
The Turkish lira stabilizes within narrow range between rising 20SMA and south turning 10SMA, with threats of fresh weakness following post-intervention rally, fading.
The CBRT's...
EURUSD 1.1135 Upcoming Support
The euro has continued to weaken against the US dollar during the European trading session, with the pair falling to a fresh weekly trading...
GBPUSD Now Under 1.2700
The British pound has fallen below the 1.2700 level against the US dollar as the pair looks set to post eight consecutive days of...
WTI Crude Futures Stand Above 23.6% Fibonacci, Slightly Bullish
West Texas Intermediate (WTI) crude oil futures returned back above the 23.6% Fibonacci retracement level of the upleg from 51.60 to 66.60, around 63.0,...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.11602
Open: 1.11650
% chg. over the last day: +0.05
Day's range: 1.11443 – 1.11722
52 wk range:...
The Dollar Index Is Holding Key Highs
Demand for the greenback is still high enough. At the moment, the dollar index is consolidating near annual highs. The trade conflict between the...
Euro Edges Lower, Markets Brace For Soft Eurozone Consumer Confidence
EUR/USD has posted slight losses on Tuesday. Currently, the pair is trading at 1.1148, down 0.16% on the day. On the release front, there...
WTI Oil Outlook: Near-Term Action Is In Neutral Mode And Looks For Fresh Direction Signals
WTI oil holds within tight range on Tuesday after the third consecutive failure to make sustained break above cracked $63.30 pivot (50% retracement of...
Trade War, AUD Back Under Pressure
Trade War Escalation
Escalated tensions between the US and China remain the dominant driver in financial markets. Risk aversion overnight was reduced as the US...
USDJPY Outlook: Bulls Show Strong Indecision At Key Fibo Barrier
Bulls attempt to regain traction after Monday’s recovery stalled at key Fibo barrier at 110.31 (38.2% of 112.40/109.02) and daily action ended in long-legged...
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Westpac Moves Rate Profile Forward to June and August
Westpac has revised the forecast it released on February 21 that the RBA would cut the cash rate in August and November to June...
RBA Minutes Signal Easing Bias
RBA emphasises easing bias and highlights focus on the labour market in the period ahead.
The minutes of the May RBA Board meeting confirm that...
RBA Removes Rhetoric of “No Strong Case” for Near-Term Rate Cut
RBA turned more dovish, than what was suggested in the meeting statement, in May. As the minutes revealed, policymakers expected to cut the policy...
OPEC+ Maintains Output Cut. Market Balance Suggests No Practical Need to Raise Output
OPEC+ stayed put, maintaining the output cut agreed in December last year while pledging to monitor market developments with an option to raise production...
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...
Crypto Trading on Forex. How to Have Income Even When the Rate is Falling
The interest in cryptocurrencies is growing day by day and most people recognize them as a popular payment and investment method. Cryptocurrency is used...
Trading 101: How to Trade Gold & Metals
The great Technical Analyst Martin Pring once said: “The more I work with markets, the more it becomes apparent that prices are determined by...
Including Fundamental Analysis In Your Trading
Do you remember the first time that you came across the financial markets, or more specifically, forex trading? Unless you had a keen interest in economics, it's highly likely that you were almost immediately drawn to technical analysis (T.A). Those attractively colourful indicators, pin-point accurate support/resistance lines and rumours of other technical traders trading for a living, is usually enough to lure the majority of newcomers into this category. There is, however, another technique used to analyse the markets: fundamental analysis (F.A).
Inside the Forex Market: Searching for Black Swans?
The term itself refers to an event which occurs well beyond the boundaries of what is typically expected and, therefore, represents a catastrophic surprise. The unexpected and random nature of black swan events makes them extremely difficult to predict. Given the difficult nature of anticipating these events, Taleb suggests it is important for people to always be aware that such dramatic events can happen and to focus on their risk management, protecting themselves.
Forex Trading Accounts: What Account to Choose
For effective and profitable trading, it is important to choose the right type of a trading account. The choice depends on the knowledge level...
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..
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....
Are Your Trades Thriving or Just Surviving?
Some traders across the planet...no, actually, millions of traders across the planet are not fairing very well. They are imploding in trade after trade because they are unable to do what it takes to be consistently successful traders. They are failing to follow-through in some of the most fundamental ways, by lacking the discipline to stop violating trading rules and keep their promises. Regrettably, most of these traders will not last. On the other hand, there are a group of traders who are hanging on by the thinnest of margins and clutching their life-support vests as they barely navigate the mine fields of minutia that are their trading plans, and through sheer will power they are breaking even.
What Does Fearful Money Mean to Traders?
Fearful money, or as we like to refer to it as ‘hot money’, is capital that a trader has a strong emotional attachment to....
Demo Trading vs. Live Trading
No matter how hard you try, it will be impossible for you to climb up the trading ladder until you've learned how to risk live money. Trading in the live market draws in psychological elements that are generally not experienced in a simulated environment. This, as you'll see throughout the article, is the key difference…
Risk Management Techniques for Active Traders
“How a trade is implemented is more important than the trade idea itself” – Colm O’shea, Market Wizard.
Too many aspiring traders search for a...
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...
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.
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....
Risk/Reward Ratio
Frustrated with losses?
Continuously looking to alter your method?
If so, the following article may help.
What is risk/reward?
Risk is the amount of capital that one...