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Jan 8, 21 •
1868 Views •
Market Commentaries •
saed shalabi
Comments Off on US equity markets print record highs, taking the US dollar with them
The NASDAQ 100 rose by 2.35% during Thursday’s New York session, coming close to a record high and threatening to breach the 13,000 round number level for the first time in its history. The SPX 500 printed a record high, breaking through the 3,800...
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Jan 7, 21 •
1822 Views •
Forex Trading Articles •
saed shalabi
Comments Off on Consider using Heikin-Ashi bars if you’re struggling with standard candlesticks
When you initially discover forex trading charts, you’ll see candlesticks as the default setting on various timeframes. Candlesticks are classed as the gold standard of price display when you trade markets. When you trade FX, you need a method to illustrate...
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Jan 7, 21 •
914 Views •
Market Commentaries •
saed shalabi
Comments Off on UK bank and energy stocks powered FTSE 100 rise, US equity markets rise despite Trump’s attempt to create sedition
UK stocks closed 3.47% up on Wednesday, January 6 after energy and banking stocks rose considerably due to the recent OPEC agreement restricted oil production and post-Brexit optimism for the banking sector. The Markit services figure rising to 49.4 for...
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Jan 6, 21 •
1591 Views •
Forex Trading Articles •
saed shalabi
Comments Off on Matching personality types to FX trading styles is a bad idea that needs debunking
There are four primary trading styles for trading forex markets as a retail trader: scalping, day trading, swing trading and position trading. Over recent years a movement has developed on FX trading forums to identify which trading style matches your...
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Jan 6, 21 •
1374 Views •
Market Commentaries •
saed shalabi
Comments Off on Oil breaches $50 a barrel, copper prints an eight-year high, ISM manufacturing reading comes in over 60
WTI crude oil futures breached $50 per barrel for the first time since February 2020 and rose by 4.68% during Tuesday’s trading sessions. Major oil producers agreed to maintain existing oil output levels into February and March. Saudi Arabia agreed to a...
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Jan 5, 21 •
1536 Views •
Forex Trading Articles •
saed shalabi
Comments Off on Bring order to your forex trading and avoid chaos by using market orders
Many market commentators, analysts and mentors claim that markets are random and by association chaotic. If you get down to a granular level, they have a point; if you watch the movement of forex tick charts or one-minute time frames, FX market movements can...
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Jan 5, 21 •
1318 Views •
Market Commentaries •
saed shalabi
Comments Off on Equity markets whipsaw in wide bearish ranges on first full trading day of the year
European and US equity markets experienced volatile trading conditions during Monday’s trading sessions. The reasons were various. The leading UK index the FTSE 100 enjoyed a significant rise during the London open due to Brexit fears fading and optimism...
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Jan 4, 21 •
1328 Views •
Forex Trading Articles •
saed shalabi
Comments Off on Developing a forex mindset, controlling greed and fear
Unless you lived in a cave during 2020 (many of us did to help control the spread of COVID-19), then you must have noticed the exponential rise of Bitcoin. In January 2020, the virtual cryptocurrency’s price languished at $8,000, and a year later, the price...
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Jan 4, 21 •
1434 Views •
Market Commentaries •
saed shalabi
Comments Off on Monday is a busy day for economic calendar data releases, as markets recommence trading after the holiday period
Global equity, FX and commodity markets reopened on Sunday evening after the Xmas and New Year holidays. The ongoing economic events that dominated markets in the US and EK and Europe; the Pandemic Relief Bill and Brexit are now over. Therefore, investors and...
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Dec 31, 20 •
1468 Views •
Forex Trading Articles •
saed shalabi
Comments Off on Good riddance to 2020, let’s raise a glass to the roaring ’20s
In our business, we’re trading the future, and we continually try to make predictions of how and why financial markets move. If you think back to this time last year, you couldn’t possibly predict how 2020 would turn out. The Brexit transition period...