Forex trading is never a one way street. What comes down must come up, at least temporarily. And that is the big question for the pound. The third trading day following the Brexit night sees a positive trend for the pound after huge falls beforehand. GBP/USD is 200 pips off the low of 1...
ECB President Mario Draghi is speaking in the ECB conference in Sintra, Portugal. Also BOE Governor Mark Carney and Fed Chair Janet Yellen were scheduled to speak but their appearances have been cancelled. The reason is obvious: Brexit...
EUR/USD is trading higher within the recent range of 1.0960 to 1.1070, off the post-Brexit low of 1.0905 but certainly below previous levels. This seems like necessary correction that goes hand in hand with a bounce in the value of the pound...
Following Brexit, the pound suffered quite a bit. However, today we are seeing some stabilization. Can it recover...
Article 50 of the European Treaty triggers fear among British policymakers. It seems that nobody wants to touch it with a barge pole. Will the Bregret turn into a Bremain instead of Brexit...
It was quite a surprise when the US Federal Open Market Committee released its statement following the 15 June monetary policy meeting: “…Information received since the Federal Open Market Committee met in April indicates that the pace of improvement in the labor market has slowed… …Although the...
The British decision to leave the EU continues sending shock-waves through financial markets with wide ranging implications. In currency markets, the biggest victim is obviously the pound, with the euro following suit...
Soothing words for markets from Osborne? That helped for a very short time and resumes its falls and is basically on its own. While there is a general “risk off” atmosphere which also weighs on the euro and commodity currencies, the fall in the value of GBP is at a higher order of magnitude...
If you’re into automatic Forex trading via Expert Advisors (EAs), that’s great! There are some advantages to building EAs to trade, like eliminating human error and being able to run years of backtesting in a couple of hours. EAs have their limitations though...
We are one day away from the EU Referendum. It is hard to exaggerate in the importance of the event, but perhaps for the euro, it will not be that bad. Here is the view from Deutsche Bank: Here is their view, courtesy of eFXnews: 1. Brexit will likely rule out a July Fed rate hike...
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Traders tend to focus a lot of their time and energy on their trade entries. In fact, if you browse through online communities and forums, you’ll notice that majority of trade discussions revolve around entries...
Welcome to another NFP week, fellas! Have you started looking for trade opportunities this week? If you haven’t, then let’s get your feet wet with these four catalysts that could cause volatility for the Aussie pairs! 1...
In an earlier article, I’ve listed the typical challenges for home-based forex traders. In this post, I’ll give y’all some tips on how to limit distractions while trading from home. It’s 9:00 pm...
At least once in your trading career, you’ve probably felt the need to take more trades even though you’ve already incurred more than your usual daily losses. In such instances, you often think to yourself that with more trades you will be able to offset your losses for the day...
In trading, it is very easy to get lost in the game. You get on your trading platform, try to get some pips, and in the process you usually forget the most basic risk management practices. Here are five common habits that might help in limiting your risk exposure. 1...
Have you ever had one of those days? Your charting software didn’t work just right, your Internet connection was doggedly slow, and you forgot to read up on this week’s latest economic report releases, so you missed all the good opportunities...
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