I opened a short trade on the USDHF pair about an hour before the markets closed. Not the greatest idea to do so. Taking a look at today's commitments of traders (COT) report revealed a massive short position held by non-commercial traders...
One common misperception with forex trading is that traders are able to predict trends. In other words, they use technical analysis to determine when the market is going to move in a particular direction...
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The WSJ: A handful of giant commodity traders such as Trafigura Beheer BV, Glencore and Vitol Group are increasingly taking a central role in global commodity markets. Those companies do not just bet on prices or arrange shipments...
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Despite Glenn Steven's (Governor, RBA) best attempts at jawboning, the Aussie dollar has remained stubbornly high. A close look at the stats shows that all is not rosey with the Aussie economy, yet it continued to hold. With the "impending" recovery of the US economy, how long can it last...
With miners battling iron ore prices at five-year lows, up to 235 million tonnes of iron ore capacity is expected be taken out of the market in the next 18 months. Thus, it's "the end of the Iron Age", according to Goldman Sachs...
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EURJPY is undergoing heavy buying right now. For those that have not been buying into this trade, I do not recommend it as it is too late to do so. The reward to risk ratio has been lowered significantly. Two resistance levels have been marked. The higher resistance can be considered tested once...
Bitcoin / Dollar (BITSTAMP:BTCUSD) 462.42 HIDDEN DIVERGENCE - Chart Analysis: bitcoin didn't manage to reach this low again althrough.... click on for more bitcoin charts...
USDJPY USD/JPY traded it its highes level in almost 6 years today before stalling near the 127% extension of the 1Q14 range Our near-term trend bias remains higher in the rate while above 104.70 A close over 106...
To be able to forecast with technical analysis in this way with a high success ratio requires a deep understanding of price movement, why it does what it does and what happens when it doesn’t move in the way that has been predicted. Some methods are based around Elliott Wave, time cycles and more...
EUR/USD is the most widely traded currency pair in the forex trading market accounting for some 50% of trades. This implies the tightest spreads and may hence be one of the better cross pairs to start trading...
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Below are some of the things that will help shape the week that lies ahead for American financial markets, according to Daily Finance...
A sharp rally through 0.9209 swing high and up to 0.9340 must be wave three and not wave five. So if that's the case then we know that pair should reach further gains after any minor correction. We are now tracking wave 3 that should be made by five waves so move can extend even to 0...
This simple exercise will increase Forex profits 100% and works for 99% of all short-term FX traders - stop trading so much - widen out your stops - widen out your profit targets - and only trade in the direction of the trend indicated by 4 hour chart...
I posted a very short term trade set up for the USDCAD pair actually. It was a very short term pre-NFP trade. If you had a tight stop loss, you would've been stopped out. However, you may have earned a pretty nice profit it you gave this pair greater leeway...
Mark Carney and Haruhiko Kuroda speeches, New Zealand rate decision, Australian employment data, US Unemployment Claims, Retail sales and Consumer sentiment are the major events on our calendar for this week. Here is an outlook on the main market-movers coming our way...
