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Finding a strong directional move is the first priority of any trend trader. However, when having to select a currency pair to trade, it can be difficult to identify the best trends. For the ADX 50 strategy we will be using the ADX (Average Directional Index) indicator for this process...
Trading Systems
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Sergey Golubev, 6 February 2015, 09:11 #Trading Strategies
The Canadian dollar continues to show strong movement this week, posting strong gains on Thursday. USD/CAD is trading in the mid-1.24 range in the North American session. On the release front, Canadian Trade Balance remained steady at C$-0.6 billion. In the US, key data was a mix on Thursday...
Trading Ideas
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Andrius Kulvinskas, 6 February 2015, 08:53 #usd/cad
Talking Points: Dollar at Risk of Sharp Reversal Given the Wrong NFP Step Euro: How Much Worse Can Things Get? British Pound Unmoved by BoE Decision, But Next’ Report Will Hit Dollar at Risk of Sharp Reversal Given the Wrong NFP Step...
Forecasts
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Andrius Kulvinskas, 6 February 2015, 08:48 #gold
The common currency largely bypassed the German data release, with EUR/USDsidelining around 1.1460/65. EUR/USD keeps the red The demand for the euro remains subdued on Friday while markets are exhibiting the classic flat-line pattern pre-US Payrolls...
Currency
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Andrius Kulvinskas, 6 February 2015, 08:43 #EUR/USD
According to FXStreet Editor and Analyst, Omkar Godbole, GBP/USD might remain stuck in the 1.5260-1.5340 range till the North American session opens. Key Quotes “The GBP/USD pair extended gains to 1.5340 levels in the previous session after having breached the resistance zone at 1.52-1...
Currency
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Andrius Kulvinskas, 6 February 2015, 08:38 #GBP/USD
The RBA Isn't Finished Loosening Monetary Policy The Reserve Bank of Australia released its latest quarterly monetary policy statement earlier in the Asia session...
Market News
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Andrius Kulvinskas, 6 February 2015, 08:31 #RBA
Brent Oil futures on ICE rebounded sharply today, extending its recovery mode from six year lows, and is set to for a weekly increase amid falling output as tensions escalate in Libya. Eyes USD 59/ barrrel Currently, Brent oil trades 2.22% higher at USD 57...
Crude Oil
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Andrius Kulvinskas, 6 February 2015, 08:06
EUR/USD is shedding some of yesterday gains, focused on the US Payrolls although keeping the trade above 1.1400. “Intra-day, the pair may remain supported going into the US NFP tonight (1330 GMT) and a breach of 1.1500 may invite a test towards 1...
Currency
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Andrius Kulvinskas, 6 February 2015, 08:05
For the 24 hours to 23:00 GMT, the GBP rose 0.97% against the USD and closed at 1.5335, extending its previous session gains. Yesterday, the BoE made no changes in its monetary policy and maintained its key interest rate unchanged at a record-low of 0.5...
Currency
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Andrius Kulvinskas, 6 February 2015, 08:02 #GBP/USD
For the 24 hours to 23:00 GMT, the EUR rose 1.23% against the USD and closed at 1.1477, on the back of stronger than expected factory orders data in Germany, coupled with the European Commission's upbeat assessment about the Euro-economy. Data showed that German factory orders rebounded 4...
Currency
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Andrius Kulvinskas, 6 February 2015, 07:56
Economic Data (AU) AUSTRALIA JAN AIG PERFORMANCE OF CONSTRUCTION INDEX: 45.9 V 44.4 PRIOR; 3rd month of contraction (JP) JAPAN JAN OFFICIAL RESERVE ASSETS: $1.26T V $1.26T PRIOR Index Snapshot (as of 03:30 GMT) Nikkei225 +0.6%, S&P/ASX +0.3%, Kospi -0.2%, Shanghai Composite -1...
Market News
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Andrius Kulvinskas, 6 February 2015, 07:52
The TD Securities Team previews the data ahead for US, anticipating a 245k gain in headline payrolls...
Forecasts
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Andrius Kulvinskas, 6 February 2015, 07:50
For the 24 hours to 23:00 GMT, the USD declined 0.46% against the CHF and closed at 0.9214. The Swiss Franc gained ground, after Switzerland's SECO consumer confidence data surprisingly improved to a reading of -6.0 in January, confounding market expectations of a fall to a level of -13.0...
Currency
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Andrius Kulvinskas, 6 February 2015, 07:36
Gold prices on Comex rallied to fresh session highs, snapping losses from the previous session. However, gold prices are poised to record biggest weekly loss in almost two months. Rises from 1262.50 levels Currently, gold trades higher by 0.40% at 1267...
Metals
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Andrius Kulvinskas, 6 February 2015, 07:29 #gold
For the 24 hours to 23:00 GMT, the USD declined 1.09% against the CAD to close at 1.2434. In economic news, the international merchandise trade deficit in Canada widened to CAD0.65 billion in December, compared to market expectations of a trade deficit of CAD1.10 billion...
Analytics & Forecasts
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Andrius Kulvinskas, 6 February 2015, 07:25 #usd/cad
Asian shares climbed this Friday, ahead of the key U.S. non-farm payrolls report for January later in the session and after mixed views on the economy in Australia. Greece's drama is being eyed...
Market News
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News, 6 February 2015, 07:24 #Shanghai Composite, Nikkei
As expected, the Monetary Policy Committee (MPC) has just announced that it voted to maintain the Bank Rate and the stock of asset purchases at 0.50% and GBP375bn, respectively. There was no statement in connection with the announcement...
Banks
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Andrius Kulvinskas, 6 February 2015, 07:14
Market players themselves must better understand moral hazard; that in return for taking the big bucks, there are penalties for stupidity. Gone are the days when we used to glibly say in the broking business. “Market up, market down; put them in, take them out. Two commissions...
Scalping
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EmmeMe, 6 February 2015, 06:11 #trading system, scalping
Yet another project is graduating from experiment to proper part of Google. Only two weeks ago, Glass left the confines of the Skunk Works-like Google X and became its own division headed up by Nest co-founder Tony Fadell...
Events
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BlondieNews, 6 February 2015, 03:11 #Google
Following the RBA Quarterly Statement on Monetary Policy, in which no forward guidance was offered, the Australian IB is now pricing a 19% chance of March cut against the 30%+ pre-release. The change of dynamics in price action following the major reversal off 0...
Analytics & Forecasts
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Andrius Kulvinskas, 6 February 2015, 01:54 #RBA