The foreign currency exchange market is by far the largest asset class today with almost $4 trillion in daily turnover volume. But much more than its gargantuan daily turnover, it has unique characteristics that make it stand out from the rest of the other financial markets. Forex is a highly liquid market. Because of its […]
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Forex charts are one of the most essential trading tools, since they display historical price data in a convenient visual format so that traders can find entry and exit points for trades. There are three major types of charts: Line charts: These forex charts track closing prices in order to see the general direction of
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One of the most important skills involved in interpreting forex charts is detecting chart patterns. These patterns signal the direction in which an exchange rate is likely to move once it has been completed. There are two major types of chart patterns. Reversals signal that a price trend will reverse once the pattern has been
What are the Most Common Trading Patterns in Forex Charts? Read More »
It cannot be denied that most currency traders never fail to pay attention to updates regarding the Euro exchange rate. After all, the value of the aforesaid currency is among the most important indicators of the latest trends in the global market. It should be pointed out however, that merely knowing the Euro’s current price
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It cannot be denied that many currency traders make it a point to remain updated about the latest developments on the Euro exchange rate, or more specifically the EUR/USD pair. In a way, this highlights the sheer significance of the Euro in the global market. Indeed, regardless of the issues that continue to affect the
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While most people are currently focused on the recent development in the show Live, traders still attentively pay attention to the latest forex news updates. To put it simply, even though there are individuals who find satisfaction in predicting new co-hosts for popular shows, which in this case turns out to be Michael Strahan, there
Forex News: A Combination of Disappointment and Hope Read More »
The pound continued to trade strongly against the US dollar on the back of forex news that the European Central Bank (ECB) was preparing an unlimited bond buying plan to help the currency bloc’s most troubled economies. The GBP/USD reached 1.5934, its highest level since May, before consolidating at 1.5908. Analysts believed that the currency
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It cannot be denied that even though Griselda Blanco’s death is commonly talked about these days, one should never overlook the importance of paying attention to discussions regarding forex news. After all, even though the life of a “cocaine queen” has finally ended, developments in the currency market never cease. While the task of remaining
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Forex news regarding the European Central Bank’s debt buying program caused the euro to rally against the US dollar in September 5 trading. The EUR/USD reached a session high of 1.2623 before consolidating at 1.2603. Analysts speculate that the currency pair would most likely reach the support level at 1.2500 and the resistance level at
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At the Democratic National Convention held at Charlotte, North Carolina Tuesday night, presidential spouse Michelle Obama delivered what politicians and spectators consider to be one of the finest speeches in a political convention. Warm and personal, Obama’s speech touched on how the Obama administration has improved the lives of many Americans even during one of
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