All Blogs
GBP/USD The British pound traded in a choppy manner yesterday and continue to fight for a clear direction in the near-term as 1.4450-1.4470 zone remains key resistance. Looking at the near-term technical picture, the pair failed around 1...
If I told you that there is a 99.22% probability that you can win the next trade on Dow Jones Industrial would you believe me! In trading the Theory of Runs answer a statistical question that ask about the probability to find another black (OR white) candle after a series of them...
EUR/USD The Euro succeeded to break above the symmetrical triangle that comes from 1.1497 peak, which is a strong bullish signal that affects the med-term trend. However, it is preferable to wait for a weekly close above 1.1400 level to confirm this bullish reversal...
EUR/USD The Euro succeeded to break above the symmetrical triangle that comes from 1.1497 peak, and which this stand ss a strong bullish signal that affects the med-term trend. However, it is preferable to wait for a weekly close above 1.1400 level to confirm this bullish reversal...
Almost every Forex and Futures trader that we have spoken to has admitted to, at some point, taking a trade outside their method and/or outside their risk tolerance...
Almost one month ago I mentioned two areas on AUDJPY that were likely to test bullish conviction. The first area of resistance broke down the very next day and triggered what would eventually become a 330-pip rally. The second area, on the other hand, was much stronger than the first. The 86...
At the end of a tough quarter, the fraught debate over how policymakers should tackle the world's economic woes gets another airing in the coming week as central banks on both sides of the Atlantic publish minutes. Solid growth in U.S...
Weekly Trading Forecast: Dollar Slide and Euro, Equity Rallies Temper Yellen cut the legs from under the Dollar, but the currency hasn't simply collapsed. Market conditions may be tempering fundamental drive heading into the new quarter...
The European Union (EU) is confronting a series of potentially existential threats, including the refugee crisis, ISIS terror, Russian adventurism, and Brexit (the potential exit of the U.K. from the EU...
Economists are forecasting that a healthy 205,000 jobs were created in March, but the numbers may not add up as expected. Key in Friday's March employment report will be average hourly wages, expected to rise 0.3 percent and the labor participation rate, which has been edging up since October...
Britain’s current account deficit is the worst ever recorded in peace-time since the Bank of England started collecting records in 1772 under the reign of George III...
I look at every theory and have read every good book on trading. I worked 15 years in the city with top league firms like Credit Suisse and Deutsche Bank. Whatever I try always brings me back to my original trading method...
An Economics Education by Bitcoin - Part III By Brian Blum There are a number of these Web-based Bitcoin wallets from which to choose, and they have different features, costs, and reputations to review and consider. Do you need merchant tools? Do you need currency exchange services...
An Economics Education by Bitcoin - Part II By Brian Blum The first Bitcoin wallets were integrated with the distributed systems which talked to each other to reach a consensus on transactions which had taken place. This consensus is called the "block chain...
An Economics Education by Bitcoin - Part I By Brian Blum For those unfamiliar with Bitcoin, there are better ways to begin understanding it than this article; I'd recommend Wikipedia for starters...
USD/JPY: Expectations of the Interest Rate Increase in the USA Have Significantly Decreased At the closing trading session in Asia Japanese stock index Nikkei Stock Average fell by 3.6% to 16164.16 points...
U.S. Consumer Sentiment Drops Less Than Previously Estimated In March While the University of Michigan released a report on Friday showing an upward revision to its U.S. consumer sentiment index for March, the revised reading still indicated a deterioration compared to the previous month...
US ISM Manufacturing PMI Rebounds to Expansion Territory in March The US Institute of Supply Management’s (ISM) manufacturing PMI index released today showed the activity returned to expansion territory in March, indicating the sector may have bottomed out. The headline figure printed at 51...
USD/CAD Outlook Remains Bearish – Scotiabank Eric Theoret, FX Strategist at Scotiabank, has reiterated the negative stance of the pair. Key Quotes “Both trend and momentum indicators are decidedly bearish, however the extent of their bias has moderated”...
