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ECB Expects “Very Negative” Data in November, Pledges to Recalibrate Measures...
ECB has announced to leave all its monetary policy measures unchanged. The deposit rate stays at -0.5%, while the main refi rate and the...
WTI Oil Futures Test Bottom of the Range after Slump
WTI oil futures for December delivery are seeking a breakdown below the range area that strictly held the market in a neutral structure during...
Door Wide Open for December European Central Bank Easing
Executive Summary
The European Central Bank (ECB) kept monetary policy unchanged at today's announcement, but its accompanying comments were notably dovish in tone, offering a...
GBPAUD may consolidate despite footing off 100-MA
GBPAUD appears to be stalling ahead of the 4½-month high of 1.8525, something also reflected in the unclear and merged Ichimoku lines. The recent...
US: Blowout GDP in Q3, but Growth in Q4 Will Be Slower
Most spending components posted record rates of growth as the economy re-opened. However, growth is set to slow sharply in Q4, and new COVID...
WTI Oil Futures Test Bottom of the Range after Slump
WTI oil futures for December delivery are seeking a breakdown below the range area that strictly held the market in a neutral structure during...
Door Wide Open for December European Central Bank Easing
Executive Summary
The European Central Bank (ECB) kept monetary policy unchanged at today's announcement, but its accompanying comments were notably dovish in tone, offering a...
Sunset Market Commentary
Markets
There were plenty of eco data in the Europe and the US. Most were better than expected. EMU economic confidence stabilized while a modest...
GBPAUD may consolidate despite footing off 100-MA
GBPAUD appears to be stalling ahead of the 4½-month high of 1.8525, something also reflected in the unclear and merged Ichimoku lines. The recent...
US: Blowout GDP in Q3, but Growth in Q4 Will Be Slower
Most spending components posted record rates of growth as the economy re-opened. However, growth is set to slow sharply in Q4, and new COVID...
Euro Falls Below 1.17, ECB Stays Pat
EUR/USD has posted losses on Thursday. In the European session, EUR/USD is trading at 1.1696, down 0.43% on the day. The euro has had...
US GDP Rebounded 33% in Q3
Q3 GDP rose 33% (annualized) after 31% drop in Q2
Gains widespread although pockets of weakness in non-residential building activity
Pace of growth...
U.S Futures Try to Rebound – Watch PINS, TIF, F, SPOT, CMCSA
The S&P 500 Futures are posting a tentative rebound after they encountered another selloff yesterday. Investors were deeply worried that the surge in coronavirus...
EUR/USD Trades At 1.1720
On Wednesday, the EUR/USD currency pair declined to the 1.1720 mark.
It is likely that some downside potential could prevail in the market, as the...
GBP/USD Tests Resistance Area
Yesterday, the GBP/USD exchange rate resumed to trade within the medium-term ascending channel.
From a theoretical point of view, it is likely that some upside...
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Door Wide Open for December European Central Bank Easing
Executive Summary
The European Central Bank (ECB) kept monetary policy unchanged at today's announcement, but its accompanying comments were notably dovish in tone, offering a...
China Economic Update and Outlook
Executive Summary
China continues to lead the world in the containment of COVID as new confirmed cases are minimal. This apparent success can likely...
The Tale of Two Recoveries: Canada Versus the U.S.
Highlights
The Canadian and U.S. labour markets are rebounding from the devastating declines in March and April. So far, the Canadian recovery has been...
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...
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...
Trading Sessions
While it is true that the forex market is open 24hrs a day five days a week, it doesn't mean that it's always active. Breaking down this 24hr auction house into manageable trading sessions is important. Knowing when liquidity is likely to come into the market and when it is expected to diminish, helps one determine the best time to trade.
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...
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 Commodity Pairs
FX markets are famous for attaching or conjoining values and metrics to individual currencies, their pairs and crosses.
They believe that these “factors” have an...
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...
Mastering Risk Management within Forex Trading: Professional Techniques Simplified
Risk management is a phrase traders love to hate. It's the first thing new Forex traders are taught, and it's the first thing they ignore. No matter how much the pros emphasise risk management, the new trader is too easily distracted by the lure of their charts. There's no stopping the train.
Should You Let Your Trades Stop Out?
When to exit your trade is actually something of a controversial subject. There are some traders who insist that stop losses are there to...
Learn How to Become a Grade A Student of Forex Trading
Start off strong and ace your forex trading education. Through good forex education, traders can become successful no matter what strategies they apply. To do well in both execution and analysis, you must first learn how to become an efficient and knowledgeable trader. When initially focusing on education, traders can begin to understand the market and learn the best ways to profit from it. For long term success, master forex education to build a healthy and profitable trading career.
What are the Habits of Successful Traders?
What are the habits of successful traders? How can you implement these habits in your own trading to achieve better results? In this article, you can find some tips about trading habits that may help you achieve better results.
Defining A Great Trader
Great traders that we have had the pleasure to know and to be around, on exchange floors and on trade desks, had certain repeatable...
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.
Rising and Falling Wedge Patterns
When talking about reversal patterns in Forex trading, few are more familiar or widely-known than rising and falling wedges. But why so? Well, wedge...
How to Develop a Trading Plan
"Risky" means that, like other endeavours in life, you need to plan ahead in order to manage the inherent uncertainty of the markets, and make sure that your risk capital (which, after all, is what allows you to stay in the game) is never depleted. Notional funding, proper position sizing, and discipline are key to this part of the equation.
Scalping the Forex Market: A Beginner’s Guide
An integral part of becoming a consistently profitable trader is finding a trading style that suits your emotional disposition. Fortunately, a number of trading...
What is an AB=CD Pattern?
Developed by Scott Carney and Larry Pesavento, after being originally discovered by H. M. Gartley, the AB=CD pattern has become an effective technique to have in one's toolbox. After months of research, back testing and also live trading, we feel comfortable presenting this setup to our readers. Just to be clear, the following is not the holy grail. We've simply took what Carney and Pesavento taught and traded it in our own way, and so far, it's worked nicely.