January 2021

WEEKLY MARKET SNAPSHOT 25/01 – 29/01 | USD HOLDS ON TO YEAR-TO-DATE GAINS AS US EQUITY INDICES RISE DESPITE WORRYING EMPLOYMENT FUNDAMENTALS

Is The Trend Still Your Friend

While most central banks continue to run NIRP or ZIRP monetary policies (both negative and zero interest rate policies) to navigate the ravages of the pandemic, national currency values mightn’t diverge by significant amounts over the coming months. Therefore, traders must contend with the major currency pairs oscillating in tight daily ranges over the short […]

WEEKLY MARKET SNAPSHOT 25/01 – 29/01 | USD HOLDS ON TO YEAR-TO-DATE GAINS AS US EQUITY INDICES RISE DESPITE WORRYING EMPLOYMENT FUNDAMENTALS Read More »

EUR USD trades in a tight range as ECB keeps powder dry, announces no change to monetary policy

Market Commentaries

As expected, the ECB announced that the key interest rates for the Eurozone region would remain unchanged on Thursday. During the press conference that followed the announcement, the ECB president Christine Lagarde revealed that the current QE/asset-buying programme would not get altered unless economic conditions worsened. The recent commitment by the ECB is 1.85 trillion

EUR USD trades in a tight range as ECB keeps powder dry, announces no change to monetary policy Read More »

Forex Articles - Forex Trading Tools

So, your successful FX trading strategy stops working, let’s not panic, let’s look for ways to fix things

Forex Trading Articles

You might recognise this scenario. Suddenly, your previously profitable forex trading strategy and method stop working; it’s no longer the great combination you discovered. You did the right things. You tested your theories and ideas out in demo trading, and you developed an edge with positive expectancy. You then moved up to a live trading

So, your successful FX trading strategy stops working, let’s not panic, let’s look for ways to fix things Read More »

Inflation figures for the UK, EZ and Canada, will impact on currency markets, while the BOC announces its latest interest rate decision

Market Commentaries

Global markets roared back into life during Tuesday’s sessions as US equity markets reopened after the Martin Luther King Day national holiday on Monday. By the time the London-European markets opened, Asian equity markets had experienced mixed fortunes; the leading Chinese index CSI 300 closed -1.47% down the day after China posted better than forecast

Inflation figures for the UK, EZ and Canada, will impact on currency markets, while the BOC announces its latest interest rate decision Read More »

Why an ECN forex broker is the right choice for retail traders

Forex Trading Articles

Judge your forex broker using specific criteria before opening a live trading account with them. Brokers you consider trading with should uphold exacting standards. They must be non-dealing desk (NDD), they must route your orders to market without interference using a straight-through process (STP), and orders must get routed into an electronic communication network (ECN).

Why an ECN forex broker is the right choice for retail traders Read More »

Chinese GDP growth beats the news-agency forecasts, as USD registers gains versus several currency peers

Market Commentaries

During the Asian trading session on Monday morning, China’s latest GDP figures became available for analysis. The economy grew by 6.5% during the final quarter of 2020, beating the consensus forecasts of 6.1%, rising from the 4.9% recorded during Q3 2020. Industrial production grew by an impressive 7.3% year-on-year up to December 2020, the best

Chinese GDP growth beats the news-agency forecasts, as USD registers gains versus several currency peers Read More »

No Recovery Without Jobs

Are you thinking of becoming self-employed? Then FX trading might be for you

Forex Trading Articles

When we consider opening an FX trading account with European forex brokers, we see prominent banners on their websites revealing the current loss rate of traders who buy and sell CFDs (contracts for difference). These are financial health-warnings similar to what you see on packets of cigarettes, well FX trading won’t give you cancer or

Are you thinking of becoming self-employed? Then FX trading might be for you Read More »

What do you need to know about Forex chart patterns?

Q4 2020 earnings reports could dictate market direction this week

Market Commentaries

US equity markets closed the week out down during last Friday’s New York trading session. Investors and analysts took on board data revealing that both US consumer sentiment and retail sales are falling. Retail sales in the US slumped by -0.7% in December, after the -1.7% fall in November. The highly respected University of Michigan

Q4 2020 earnings reports could dictate market direction this week Read More »

Going straight to a straight-through processing FX broker is the right process

Forex Trading Articles

There are three absolute musts for choosing which FX broker to trade with online. The broker must be NDD (no dealing desk). They must place your trades into an ECN (electronic communication network). They must provide STP (straight-through processing). These standards should be the benchmark by which you judge all forex brokers. We could add

Going straight to a straight-through processing FX broker is the right process Read More »

WEEKLY MARKET SNAPSHOT 18/01 – 22/01 | MARKETS LOOK TOWARDS THE BIDEN INAUGURATION WHILE EUROPEAN PMIS COULD PROVIDE SHOCKS

Is The Trend Still Your Friend

Although macroeconomic influence is still evident in market behaviour, fundamentals began to impact the week’s trading sessions. Data listed on economic calendars such as GDP results, import/export figures, sentiment, Fed and ECB officials’ speeches, and inflation have all started to affect markets. Market investors, traders and analysts are still making decisions based on factors such

WEEKLY MARKET SNAPSHOT 18/01 – 22/01 | MARKETS LOOK TOWARDS THE BIDEN INAUGURATION WHILE EUROPEAN PMIS COULD PROVIDE SHOCKS Read More »