A brief definition of what the COT report actually is, serves as a useful introduction to the mechanism behind the report. It also highlights how it can add value to FX traders’ methods and strategies, whatever their level of experience. The Commitments of Traders report is a weekly market report published by the Commodities Futures […]
After opening in positive territory, the key USA equity indices sold off sharply towards the end of the trading session, as China fears (once again) came to the fore, after several day’s respite, whilst Trump was on tour in Japan. The SPX index whipsawed in a wide range, oscillating between initial bullish and later bearish
At 15:00pm U.K. time on Wednesday May 29th, the latest interest rate decision for Canada’s economy, will be revealed by Canada’s central bank the BOC, Bank of Canada. The widely held consensus, after news agencies such as Reuters and Bloomberg have polled their panel of economists, is for a hold of the current rate at
Japan’s yen registered gains versus the majority of its peers during the Asian session and the first hour of the London-European session. The rise wasn’t necessarily related to the currency’s safe haven appeal, as core CPI rose to 0.7% year on year, suggesting that the ultra loose BOJ monetary policy the central bank have engaged
You could answer the question in the article title easily with the single word reply; “automate”. In many ways it’s the solution to many trading problems, were emotional control is involved. However, many day traders and scalpers can’t or won’t automate, they trade manually as they prefer the overall sense of trading control it provides.
How can you stop yourself closing your winning FX trades too early, or too late? Read More »
Volatility and liquidity were lower in the FX markets during Monday’s trading sessions, as the U.K. and USA enjoyed one day public holidays and no high impact calendar events were published. President Trump also took the weekend off from his usual activity, of threatening various countries’ economies via social media. Instead, he concentrated his efforts
Despite various polls and mainstream media sources, predicting massive gains for extreme right wing parties in the European elections, the social democrats, liberals and conservatives, held their ground. The populist movements recorded scant gains, as voter turnout across the continent rose to 51%. The European Parliament will remain under the control of pro European parties.
Euro holds firm as populist parties fail to make gains in European elections. Read More »
Forex and equity market trading will be thin at the start of the week, as Monday is a bank holiday in the U.K. and the USA recognises Memorial Day; a federal holiday in the United States, for remembering and honouring people who have died while serving in the United States Armed Forces. The holiday is
Traders should ensure they understand the phenomenon of risk on risk off. Often referred to as “RORO”, identifying such market condition can help traders to improve their decision making. When investor and market sentiment is high and bullish, investors take risk on. When investor and market sentiment is low and bearish, investors take risk off,
After global equity markets experienced a sell off across the board during Thursday’s trading sessions, Asian and European markets registered modest recoveries by 8:20am U.K. time on Friday, whilst USA equity market futures pointed to a positive open for the New York session. Chinese equity markets closed up; Shanghai Composite by 0.02% and the CSI
