FX traders have to rapidly become conversant with many new concepts and the language that accompanies the various concepts. Not only do you have to learn the language of technical and fundamental analysis, you also have to quickly get up to speed with various phenomenon that can have an impact on your trading. Getting your […]
The U.S. dollar traded close to a six week high, versus a basket of its currency peers, during the overnight and early morning trading sessions on Monday February 11th. The upcoming USA-China trade talks begin this week, with the aim of discouraging the Trump administration from implementing the threat of sanctions, on a further $200b
Since experiencing a significant slump in December, USA, European and Asian equity indices have made significant recoveries in 2019. The potential resolution, to the ongoing tariff driven trade war between the USA and China, has provided the calm to pour over the previously, highly inflammable and volatile markets. But the current benign situation could be
Whipsawing FX markets, represent some of the most challenging trading conditions traders can face. Inexperienced traders, who are unfamiliar in witnessing such rapid change, can experience elevated levels of stress and perhaps incur unnecessary and avoidable losses, during periods when the markets become volatile and highly unpredictable. Coping with such FX market behaviour involves identifying
How to cope with and trade FX markets when they whipsaw Read More »
After a recent raft of negative data relating to Germany has been published, combined with economic calendar readings that have missed forecasts, the German economy has finally printed metrics that beat the forecasts, perhaps alleviating concerns that the economy might fall into recession. It must be noted that German data can be impacted by seasonal
The commentary regarding Brexit has varied dramatically over recent weeks, depending on where you obtain your news. Arguably, the most accurate and unbiased coverage, comes from the financial media, where they have no axe to grind politically. It’s the economics that’s at the forefront of the opinion formers who write for: Reuters, Bloomberg and the
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
