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Canadian Dollar Pulled Higher by Oil, But Cautious ahead of BoC
Canadian Dollar open the week generally higher, as helped by strong rally in oil price, on supply concern. Though, the Loonie is generally bounded...
Trump’s Iranian Decision Basically Ended the OPEC+ Production Cuts
The Easter holiday weekend continues in Europe, but it is anything but calm. It is all about oil this morning. Roughly an hour before the US...
CADJPY Squeezed by Bollinger Band; Strong Movement is Expected
CADJPY has been finding strong support on the bullish cross of the 20- and 40-day simple moving averages (SMAs) since the beginning of this...
Oil Price Finds an Unexpected Friend in Trump
It’s difficult to understand what direction President Trump really wants Oil prices to go. On one side of the coin, his social media feed...
EURUSD Drops Beneath SMAs in Descending Channel
EURUSD is looking bearish in the short term after creating a descending channel over the last three months. Also, the price declined beneath the...
Trump’s Iranian Decision Basically Ended the OPEC+ Production Cuts
The Easter holiday weekend continues in Europe, but it is anything but calm. It is all about oil this morning. Roughly an hour before the US...
Canadian Dollar Edges Higher, Oil Prices Rise as U.S. Tightens Sanctions on Iran
USD/CAD has edged lower in the Monday session. In the North American session, the pair is trading at 1.3372, down 0.14% on the day....
Brent Futures Trade Near Multi-Month High; Upward Sloping Range Holds
Brent futures skyrocketed towards a multi-month high of 74.30 earlier today but are currently moving slightly below this level. The red Tenkan-sen and the...
CADJPY Squeezed by Bollinger Band; Strong Movement is Expected
CADJPY has been finding strong support on the bullish cross of the 20- and 40-day simple moving averages (SMAs) since the beginning of this...
Easter Monday Provides Another Trading Lull
Notes/Observations
China's leaders to shift focus to reform and restructure as economy stabilizes.
Asia:
China Politburo saw downward economic pressure as structural in nature,...
Euro Yawing on Easter Monday, but US Oil Sanctions Could Rattle Markets
German banks are closed for the Easter Monday holiday and EUR/USD is almost unchanged. Currently, the pair is trading at 1.1249, up 0.03% on...
EUR/USD Outlook: Recovery Extension Attempts Limited for Now
The Euro stands at the front foot and attempts to extend recovery from last Thursday's low at 1.1226, following initial positive signal from Friday's...
Gold Stops Sell-off Near 4-Month Lows; Eyes on Downtrend Line
Gold printed fresh losses last week after remaining mostly stable in the first half of the month, slipping near a four-month low of 1,271...
Oil Price Finds an Unexpected Friend in Trump
It’s difficult to understand what direction President Trump really wants Oil prices to go. On one side of the coin, his social media feed...
EURUSD Drops Beneath SMAs in Descending Channel
EURUSD is looking bearish in the short term after creating a descending channel over the last three months. Also, the price declined beneath the...
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Can US Stock Markets Continue to Defy Gravity?
US equity markets have been on a tear in 2019, reclaiming lost ground to come within breathing distance of their all-time highs. The rally...
Green Shoots Or Rogue Weeds?
Executive Summary
Today’s constructive activity data confirmed the encouraging signs seen from recent Chinese PMI surveys while, for now, Chinese authorities seem unlikely to pullback...
Some Insights into RBA’s Employment Puzzle. Cyclical Jobs are Slowing; Supporting Rate Cut
The minutes of the April monetary policy meeting of the Reserve Bank Board have provided the clearest signal yet that the Bank would be...
Don’t Expect a Big Jolt to Growth if Trade Tensions Ease
Trade disruptions to date likely haven't had a significant impact, growth challenges are more fundamental
U.S.-initiated global trade spats have caused hand-wringing in policy...
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 Are the Methods to Predict Forex Changes
To know how to properly analyze the market is equal to making money on it. The whole essence of work in the financial markets...
Trading Decisions: What’s the “Best” Price to Apply?
Traders who base their trading decisions on technical analysis tools will ultimately face a few dilemmas when it comes to choosing the “best” price...
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...
Institutional FX Positioning: Don’t Fight The Flow
Informational Imbalances
The development of trends in FX markets relies on the aggregation of institutional order flow to drive a currency or currency pair in...
The Trader’s Guide to Eurodollar
Quite simply, eurodollar (also known as EURUSD), is the exchange rate between the currencies of the world's two largest economies when measured by GDP - USA and the Eurozone. The Eurozone consists of the economies of 19 EU member states who have adopted the euro as their currency. These 19 member states have ceded control over monetary policy and interest rates to the European Central Bank. And as far as the currency is concerned at least they trade as one entity.
What Type Of Forex Trader Are You?
To the uninitiated, the champion day trader may seem like a person of action. But they are just as comfortable stalking their trade as they are decisive when it comes time to execute.
Getting What You Really Want
I used to do an exercise in the Peak Performance 101 workshop entitled "Getting What You Want". The exercise starts out with a question:...
Combatting the Dreaded Analysis Paralysis
Despite a perfectly reasonable trading opportunity in the offing, traders frequently find themselves analysing and questioning the setup’s validity, placing them in a position...
Build a Thriving Career and Healthy Mindset by Managing Trading Fears
Strive for excellence, build confidence and increase efficiency by conquering your trading fears. To catch all the opportunities in the forex market, you must...
Greed and Fear in Trading
Financial markets are driven by two powerful emotions - greed and fear'. This is an old Wall Street saying we've heard more times than we care to remember, but still holds true today. Whether one admits it or not, greed and fear are two drivers that have a big impact on our lives. Unfortunately, these emotions carry over to our trading, which, if not controlled, can have a detrimental effect on your account.
Tricks of the Trade – The Head and Shoulders Pattern, Part 2
In the previous article, Tricks of the trade - The Head and Shoulders pattern, Part 1, we look at how a few simple tweaks can increase the hit rate when trading the head and shoulders pattern. In this second part, we look at some advanced techniques which can alert you in pre-positioning your trades long before the rest of the crowd.
Three Price Chart Types That You Should Start Using
A price chart is probably the most important piece to the puzzle when it comes to trading the financial markets. While fundamentals drive the...
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...
Forex Day Trading Strategies
What is Forex Day Trading?
Forex day trading is trading in and out of a position, or positions within a single business day, a market...
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...