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Dec 31, 20 •
1584 Views •
Market Commentaries •
saed shalabi
Comments Off on GBP USD prints thirty-one month high as DJIA closes at a record high
Sterling rose during Wednesday’s trading sessions as the UK parliament voted the Brexit agreement into law the day before the UK officially ends the transition trading period, which has insulated the UK from economic damage throughout 2020. From January 1...
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Dec 30, 20 •
1692 Views •
Market Commentaries •
saed shalabi
Comments Off on Equity markets slip from record highs, the US dollar falls versus all its peers, gold holds recent gains
After the Xmas break, several market indices printed record highs before retreating in the first full day of financial trading after the Xmas break. The UK FTSE 100 was closed other than for futures trading on Monday, and investors made up the lost ground on...
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Dec 29, 20 •
1863 Views •
Forex Trading Articles •
saed shalabi
Comments Off on What is forex price action?
To make a profit when trading FX, you need to identify the times when the price of a security is moving and then successfully buy or sell the moves. When we boil the FX trading process down to its simplest form, that’s what we’re searching for on our...
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Dec 29, 20 •
1658 Views •
Market Commentaries •
saed shalabi
Comments Off on US markets rise after Pandemic Bill becomes law; Euro markets rise after Brexit deal approved
The German DAX 30 index printed a record high during Monday’s trading sessions due to the Brexit deal getting ratified by the EU council members. The index closed 1.46% up at 1,375 and is up 2.96% year-to-date. In contrast, the UK FTSE 100 is down -14.50%...
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Dec 28, 20 •
1769 Views •
Forex Trading Articles •
saed shalabi
Comments Off on What is a forex trading edge, and how can you develop one?
Forex traders begin searching for a consistent trading method and strategy from the moment they discover online trading. This search will usually have different phases as the novice FX trader becomes aware of both the possible and the impossible. At first,...
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Dec 28, 20 •
1616 Views •
Market Commentaries •
saed shalabi
Comments Off on Investors and traders await approval of the Pandemic Relief Bill, while markets absorb the Brexit deal impact
Because Boxing day fell on a Saturday, many countries are classing Monday 28 as a bank holiday; therefore, several trading markets will be closed. The equity markets in the UK, Canada, New Zealand and Australia will be closed. Markets in Germany, Italy and...
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Dec 24, 20 •
1510 Views •
Forex Trading Articles •
saed shalabi
Comments Off on Are candlestick FX trading methods overrated?
What are candlesticks on your chart? They’re simply an illustration of price movement. They’re not a language, and they’re not a code you have to decipher. They’re a representation of price, and there are many other tools you can use to illustrate...
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Dec 24, 20 •
1407 Views •
Market Commentaries •
saed shalabi
Comments Off on Sterling rises due to rumours of a Brexit agreement; US equity markets keep gains
GBP pairs rose sharply during the New York trading session after rumours emerged that the UK and EU negotiating teams had finally (after 9 months) reached a compromise in their Brexit discussions. Analysts and traders are waiting for further detail of the...
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Dec 23, 20 •
1296 Views •
Forex Trading Articles •
saed shalabi
Comments Off on Trading forex using one technical indicator
Forex traders are a curious bunch, and their intellectual curiosity extends to experimentation with just about every technical indicator created. The journey many FX traders go on to try and discover a magic combination of indicators that will unlock rewards...
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Dec 23, 20 •
1475 Views •
Market Commentaries •
saed shalabi
Comments Off on US equities struggle for direction; US dollar makes ground; euro slips while sterling trades in tight ranges
Despite market optimism that the Pandemic Relief Bill was finally inching closer to becoming law, the leading US equity markets struggled to maintain the bullish momentum built up over recent weeks. Although the NASDAQ 100 printed a new record high during the...