The wide ranging subject of what is a trading edge and how you can use it to profit when trading markets, is one of the most actively discussed subjects, on many FX trading forums. A trading edge can be defined in many ways, in simple terms it’s a repeating pattern of market behaviour, which you […]
NZD/USD fell sharply in late evening trade on Wednesday, the fall continued through to Thursday’s early Sydney session, with the commodity currency pair trading down 0.30% by 9:00 am U.K. time. Unemployment in New Zealand rose from 3.9% to 4.3% in the month of January, whilst the participation rate fell. The employment change fell to
Equity markets in both Europe and the USA appeared to tread water during Wednesday’s trading sessions, with all the major equity indices oscillating in tight ranges, around the daily pivot points. After breaking up through the critical psyche handle of 7,000, then breaching 7,100 over recent days, the U.K. FTSE 100 appears to be struggling
FX traders will often see reference to the concept of “handles” when they read market commentaries, or read suggestions regarding FX trading strategies. As nomenclature it’s not designed to sound impressive, or to confuse the uninitiated, the word is simply a replacement for the words “round numbers”. Key round numbers or handles are always carefully
The state of the union address is an annual event in which the USA President delivers an oratory outlining where the country is, in terms of economic performance and social cohesion. Generally regarded as an opportunity for the sitting President to humble brag, it’s also traditionally served as a method for the de facto C.E.O.
Cable (GPB/USD) slumped through the key handle of 1.300 during Tuesday’s afternoon trading session, close to the 200 (DMA) daily moving average, which is a level that many institutional FX traders will use, to determine long term bullishness, or bearishness of an FX pair. The accelerant for the sell off, which saw the major pair
Trading coaches and experienced traders, will offer up various analogies and imagery for the justification of why you should always use stops when trading. For novice traders an example might be learning to ride a bike as a child; you’d start off using stabilisers until you’re proficient, competent and are hopefully on a route towards
On Thursday February 7th, at 12:00pm U.K. time, the U.K. BoE will reveal the latest base interest decision, taken by the central bank’s monetary policy committee (MPC). The overwhelming forecast, from news agencies such as Reuters and Bloomberg, after they’ve polled their panel of economists, is for a hold of the base rate at 0.75%,
During the overnight Sydney trading session, the RBA (Reserve Bank of Australia) announced that the key interest rate, the cash rate, would be held at 1.5%, keeping the borrowing rate at a record low, for a record period of thirty months. The statement accompanying the decision was less dovish than expected, therefore the Aussie dollar
In a relatively quiet day for medium to high impact news releases on Monday February 4th, the data that was published missed expectations and created doubts regarding the underlying strength of both the USA and U.K. economies. In the London trading session, the latest IHS Markit PMI for construction came in at 50.6, missing the
