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NZD/USD: Short After closing a short position in profit on July 13 because of the strong pullback another position has been opened on July 16 when the pair picked up the downtrend again last week...
Most price action traders place buy or sell stop orders with a pre-determined stop loss level, and a take profit or target level...
A couple of days ago commodity editor at The Telegraph Andrew Critchlow wrote a quite controversial article on what may happen to Australia in case of a further commodities crash. The reaction of Australian analysts was stormy...
by James Woolley I have been trading the forex markets for a number of years now, and in my experience December is always the hardest month of the year to make money. So why is this...
Credit Agricole suggested to sell for EUR just because of the following: "The EUR has been under pressure regardless of the Greek parliament voting in favour of the agreed bailout package...
The greenback was higher against the yen Tuesday with mounting expectations for a rate hike backing the dollar...
The group of emerging market economies have launched their latest effort to face the dominance of Western lenders...
At testing high-frequency advisers it is necessary to pay attention to a method of generation of tics. Results of tests can differ depending on what you use data - the generated tics or real tics. Examples look below: Example 1 Example 2 Example 3...
Current trend After a sharp fall on Monday, precious metals gained some of their losses back on Tuesday. Because silver is widely used in manufacturing, recovering US economy is creating some prerequisites for a silver rebound in the long-term...
Trading range: the market moves up and down within a consistent range without establishing a definitive trend in one direction Consolidation: the range of price's movement constricts as the market becomes directionless Reversal: the market moves in the opposite direction from the previous trend...
Although gold has consolidated above $1,100 an ounce Tuesday, its recent plunge is still a fresh memory which hardly promises a surge in the short-term. Analysts, however, do not consider the recent decline to linger...
The metals sector rebounded Tuesday with gold consolidating above $1,100 an ounce as investors saw a cheaper gold as a buying opportunity...
In recent days, oil prices have undergone something like a perfect storm with the Greek crisis, Iran nuclear deal, strong dollar as well as Saudi production - all weighing on this commodity. However, several banks are not in a hurry to change their upbeat outlook. Let us have a look...
Credit Suisse is still considering the bearish breakdown for EURUSD to be going very soon from now. The key support level to be crossed for the breakdown to be started is 1.0741: "This is holding for now, and we allow for a potential bounce from here...
On Tuesday sterling was higher against the U.S. dollar after robust U.K. data. The gains were capped, however, as the greenback is buoyed by the Fed rate hike expectations. Meanwhile, Greek developments point to the country's recovery which supports the euro...
Huawei is ready to battle Alibaba Aliyun cloud service. Huawei's CEO Xu Zhijun told the company would launch public cloud services within two weeks. Xu said in April that Huawei wants to provide customers with a complete cloud service solution...
West Texas Intermediate oil fell below $50 a barrel and gold traded near a five-year low after a selloff that has pushed commodities to the lowest level in 13 years. The greenback was sharply higher against the euro, while Spanish and Italian bonds climbed...
On Tuesday the Australian dollar dropped in Asia after the Reserve Bank of Australia suggested the currency should weaken further...
