Mon, Dec 09, 2019 @ 14:03 GMT

Sterling Rises as Conservative Extends Lead ahead of Elections

Sterling strengthen broadly in relatively quiet markets today. Ahead of Thursday's election, Conservative's lead over Labour jumped back to 14pts according to a latest...

GBP/JPY Daily Outlook

EUR/JPY Daily Outlook

EUR/USD Daily Outlook

GBP/USD Daily Outlook

USD/CHF Daily Outlook

USD/JPY Daily Outlook

EURGBP Slumps to 2 ½-Year Low; May Pause Selling in Short-Term

The negative momentum in the MACD that returned below its signal line shifts the spotlight to the 0.8300 level. Yet, the RSI and the...

Pound to $1.35?

Sterling is bounding higher as Boris Johnson maintains a healthy lead in the polls in the last few days heading towards the elections. The...

Massive Week Ahead

Monday morning is off to a more relaxed start, as traders ease their way into what could be an extremely eventful week for financial...

Dollar Jumps On Solid NFP, Markets Brace For Huge Week

Greenback and stocks cheer after blockbuster jobs report, but yen tells a different story Loonie nosedives on weak employment data, despite higher oil...

EURGBP Slumps to 2 ½-Year Low; May Pause Selling in Short-Term

The negative momentum in the MACD that returned below its signal line shifts the spotlight to the 0.8300 level. Yet, the RSI and the...

Pound to $1.35?

Sterling is bounding higher as Boris Johnson maintains a healthy lead in the polls in the last few days heading towards the elections. The...

Market Brief: Cautious Start in Arguably Last Important Week of 2019

Market update at 13:10 GMT. In FX, EUR and JPY were the strongest while AUD was the weakest. European stocks were lower, led by...

US Open – Calm Before the Storm, Oil Pares Last Weeks Gains, Gold and Bitcoin Steady

Financial markets are bracing for huge week filled with central bank decisions, the UK general election and a critical deadline with the US-China trade...

OPEC+ Decisions Helped Oil Prices Reach Stability

On Monday, December 9th, Oil prices are correcting after skyrocketing last Friday. So far, Brent is trading at 64.18 USD, but earlier it tested...

EURUSD Watching 1.1075

The euro is attempting to build upside momentum against the US dollar after sellers failed to hold the pair under the 1.1050 support level....

GBPUSD New High

The British pound has pulled back from the 1.3180 level against the US dollar after the pair made yet another bullish higher high earlier...

NZD/USD Likely To Maintain Channel

The New Zealand Dollar maintained the ascending channel pattern against the US Dollar on Friday. The currency pair appreciated by 33 basis points during...

Big Week For Markets

Asian markets has opened on a positive note following Friday's US equity markets strong upside reversal. Supporting renewed risk appetite is news that China...

Massive Week Ahead

Monday morning is off to a more relaxed start, as traders ease their way into what could be an extremely eventful week for financial...
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U.K. Election Preview—The Beginning of the End?

Executive Summary Boris Johnson's Conservative Party is projected to win a majority in Parliament at next week's U.K. general election—this is our base case...

The 2020 Election and the Economy: Part II

Major Economic Policy Proposals: What Do the Candidates Support? In part I of our series on the 2020 election and the U.S. economy, we examined...

OPEC+ Agrees to Deepen Output Cut by 500K bpd. Compliance Remains the Key

OPEC+ agreed to cut oil output further, by +500K bpd, effective March 2020. A formal agreement will be released on Friday. The 11 OPEc...

BOC Unexpectedly Turned More Upbeat in December

BOC left the policy rate unchanged at 1.75% in December. The accompanying statement turned more hawkish than October. Despite ongoing trade war uncertainty, policymakers...

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...

Inside the Forex Market: Fake News, Currency Wars & Corruption

Fake news has become one of the buzzwords of 2017, with almost weekly reports regarding politicians or political events, causing outrage due to their spurious nature. The growing importance of social media has exacerbated the problem with fake news reports spreading like wildfire and quickly garnering vast amounts of attention before they can be disputed and or corrected.

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...

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.

What Is the Economic Calendar and What Is it For?

There are 2 ways to analyze forex: technical analysis – forecasting the trend direction based on indicators and historical data and fundamental analysis which...

Making use of a Trading Journal

Even for the most experienced traders, the above is still true. For that reason, memorizing the subtle nuances of each trade is of the utmost importance, as this is how we recognize mistakes and ultimately mature as traders. How we do this is simple: keep a trading journal.

Managing Greed in Forex Trading

If you want to be a successful forex trader, greed is probably the biggest obstacle you'll have to overcome. If you try to get rich on every trade, you'll more than likely end up blowing your account - slow and steady wins the race. It's the great paradox that all traders face - if you want to get rich quickly, you have to do it slowly.

A Brief Look at Trading Psychology

Why is psychology such an important aspect in trading? Well, if you're incapable of controlling your mind/thoughts whilst operating in the market, you stand very little chance of reaching consistency.

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.

Do You Want to be a Trader?

In this day and age, becoming an independent financial trader is easy. You just need some capital and a brokerage account, and voilà, you're a trader! The only problem is, trading the markets is not quite so straightforward!

How to Trade the Wedge Pattern Objectively?

Trading with chart patterns can be one of the simplest ways to find highly profitable trade setups. Despite the ease of trading with chart...

Explaining Bullish Trend Reversals

Traders can spend countless hours and days looking for ways to enter the financial market. On their journey to discover the 'Holy Grail' of market entry, they explore Japanese candlestick patterns, contrarian concepts, the large variety of oscillators, the Elliot Wave theory, and a lot of other technical approaches. Beginners usually learn from oscillators and indicators how to identify entries into the market; the more indicators and oscillators get studied, the more they're used in trading.

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...

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,...

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...