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So says Bank of France governor and ECB governing council member Villeroy speaking to Welt am Sonntag 12 June 2016 primarily the BOE would have to respond to possible Brexit "but if necessary the ECB is ready to act" Brexit would have consequences for London as financial centre Joint intervention...
Commerce Ministry out earlier with China's May Foreign Direct Investment data 12 June 2016 +6.0% prev yuan 56.77 bln ($8.89bln) Jan-May yy +3.8% yuan 343.55 bln ($54.19bln...
EURUSD: With EURUSD closing lower reversing part of its previous week gains, more weakness is envisaged in the new week. Support lies at the 1.1200 level. Further down, support comes in at the 1.1150 level where a violation will aim at the 1.1100 level. A break of here will target the 1...
UK bookmaker listening to the opinion polls 11 June 2016 previous implied volatility 78% The move comes after yesterday's ORB poll for The Independent newspaper that Greg reported, showing the Leave vote ahead on 55% vs Remain 45...
Chinese data being released Sunday 12 June 2016 Just a heads up that we have Chinese industrial production amongst other data coming out at 05.30 GMT on Sunday. We'll post it up here so that you'll be set and ready for any impact on the Asian opening. Here's the expectations...
Heading into next week (June 13 - 17), all eyes are on the Fed with the FOMC policy meeting on tap for Wednesday...
Your visual and audio perception are your keys to rapidly interpreting information about happenings in the foreign exchange market. This is why you need a decent setup which includes enough screen real estate to see both the numbers and the charts, a low-latency audio feed and high-speed internet...
What maintains the trend on a currency i.e. how can we differentiate between when a pair will rally and then sell off and when a pair will rally and remain at new highs...
As you know I trade fundamentals, which is what I encourage my students to do; follow the news, interpret the news and trade the currencies in line with the trends in which they are moving. However one of the questions we’ve had a few times is do I ever trade against the fundamentals, i.e...
I split risk management into two parts the first part is financial so for example you don’t want to risk losing too much, you don’t want to risk losing your entire account don’t risk too much per trade because it can have an adverse financial impact, this is the obvious aspect of risk management...
I’ve put together my views on currency average daily range; Average daily range basically measures how much range has been between a pair in a day and that it gives you the average of those moves and then gives you a figure of how many pips the price is expected to move each day based on historic...
When I first launched my educational service in 2013 one of the things I wanted to offer was a way of ‘showing’ people the methods in action during a live market environment...
The most appropriate way of doing this is to layer your strategy, similar to building a house your first goal should always be to dig the foundations, then you need to build the walls and finally construct the roof and as with building a house it’s imperative to follow that order as you couldn’t...
Leverage in general terms simply means borrowed funds. Leverage is widely used not just in Forex trading but also to acquire physical assets like real estate or cars...
If you are looking for some useful daily analysis to give you some clues about which way the market will go and which particular currencies you should be looking out for, then my daily trade calls will become a fantastic resource...
This is a very popular question that I’m asked frequently, and in this post I will explain the best way to choose a Forex Broker...
Since the global financial crisis the Bank of England and the Federal Reserve have used the policy of quantitative easing to try to revive consumer spending and economic growth...
Keeping track of significant economic indicators and financial news is pretty much the key to trading the Forex markets successfully. Understanding sentiment is an absolutely vital skill that all traders should refine and practice...
Over-trading is one of the most common trading mistakes many forex traders make. This post will explore over-trading and provide you with some tips to help you overcome this destructive emotional trading problem...
Support and resistance is one of the most widely used concepts in trading. One thing to remember is that support and resistance levels are not exact numbers. Often times you will see a support or resistance level that appears to be broken, but soon after find out the market was just testing it...
