Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
On Thursday July 25th at 12:45pm U.K. time the ECB will reveal its decision regarding the key interest rates for the single trading-bloc the Eurozone. After polling their panels of economists both the major news agencies, Reuters and Bloomberg, are of the opinion that there’ll be no change to the current lending rate of 0.00% […]
Equity markets in the Asia-Pacific region mostly closed up on Wednesday morning following the rises on Wall Street on Tuesday, due to reports that trade negotiations between Beijing and Washington will restart next week. Bloomberg reported on Tuesday that Trump’s U.S. representative Lighthizer is travelling to China on Monday July 29th for face-to-face trade talks
In contrast with Monday’s quiet trading sessions, during Tuesday’s sessions the FX markets displayed healthy movement and provided extensive price-action opportunities for day-traders to bank profit. The dollar index rose to a five week high as investors increased confidence in the globe’s reserve currency after the IMF raised its GDP prediction for the USA to
Many traders in the FX retail trading community will trade without any form of stops. Surprisingly, these aren’t necessarily naive or inexperienced traders, some are actually experienced traders who will attempt justify why they prefer to trade without stops. The reasons they deliver are various and fascinating. Some will cite that various brokers and the
Trading without stops can it ever make sense or is it reckless? Read More »
Between 11am and 12am U.K. time the U.K. government and Tory party is set to reveal who their voter base has chosen as their next leader and consequently the British prime minister. The odds-on favourite is Boris Johnson whose insistence that under his stewardship the U.K. would be prepared to exit the European Union by
The price-action opportunities for day traders who specialise in trading the major pairs singularly were scarce during Monday’s trading sessions as the majors traded mostly in tight, sideways ranges during the day’s sessions. At 20:00pm U.K. time EUR/USD traded down -0.08%, USD/CHF up 0.02%, AUD/USD down -0.09% and USD/JPY up 0.16%. Monday was an extremely
Major currency pairs trade in tight ranges as DJIA equity market trades sideways Read More »
The economic calendar has no medium to high impact events listed today, other than the BOJ Governor Kuroda appearing at the IMF in Washington to deliver a speech this evening. The content of the speech may concentrate on Japan’s economy, or wider global economic issues. Certain Japanese indicators such as: inflation, GDP, debt v GDP
According to a weekend poll conducted by the polling firm You Gov, Tory voters are approximately 75% in favour of Boris Johnson becoming the next U.K. prime minister, with only 25% for Jeremy Hunt. The voting-decision will be announced on Wednesday July 24th although by Monday 22nd the Tory party hierarchy will already know the
WTI oil had sold-off sharply on a weekly basis as the tensions relating to safe sea-passage of energy through the straits of Hormuz, the busiest shipping-lane for the transport of oil on the planet, reduced significantly. However, tensions were suddenly escalated on Thursday evening as news broke that a USA warship shot down a drone
After beginning the New York session in negative territory the main U.S. equity indices recovered towards the end of the session, to register closing gains on Thursday July 18th. The DJIA closed up 0.03% with the SPX up 0.35% and the NASDAQ up 0.17%, ending a three-day losing streak. Moving aside the fears that the
U.S. equity indices recover, oil slips as tension eases while USD slumps Read More »
