Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
Consumer spending rose in Germany by 1.2% in the first quarter of 2019, German capital investment rose by 1.1%, whilst government spending fell by -0.3% in the same period. The figures painted a healthier backdrop for the German economy, that in Q3 to Q4 threatened to contract into a recession. Overall GDP growth for Q1 […]
The U.K. pound rose marginally in early evening versus its peers, as a consequence of political rumours prime minister May was scheduled to immediately resign, after her revised withdrawal agreement (WA) spectacularly backfired on Tuesday. Perhaps, after being caught short on Tuesday, after a revised WA agenda offering a referendum proved to be a largely
It’s often stated that FX markets are random, however, this claim is generally misunderstood. FX markets respond to economic data and calendar releases, they also react to breaking political developments and economic news, not necessarily listed on the economic calendar. This isn’t random behaviour, in fact it’s highly predictable on many levels. For example; if
Japan’s latest import, export and trade balance figures were published in the Sydney-Asian trading session; exports fell by -2.4% year on year up to April, with imports rising by 6.4%, machine orders rose by 3.8% in March. Imports rising in tandem with machine orders, points to Japanese firms gearing up to increase manufacturing and production,
The U.K. prime minister delivered a speech, offering up a new withdrawal agreement (WA) to Parliament, on Tuesday. A speech in which she promised various improvements, to get the deal through the House of Commons by way of a vote, in the first week on June. The most surprising element of the revised offer, involved
Peruse many of the most popular trading forums and in the sections listed as “trading strategies”, you’ll see thousands of posts, by individual members, who are convinced they’ve discovered a trading edge. Which they’re convinced they can repeatedly use; session after session, day after day, to extract profit from the FX markets. The natural conclusion
Building a simple FX trading strategy, slowly and surely, piece by piece. Read More »
After experiencing a relief rally on Monday, based on the Australian general election resulting in no change of government, the Aussie dollar gave back its gains versus its peers, during the Sydney-Asian sessions, after RBA Governor Lowe suggested a rate cut (from the current record low of 1.50%) was likely to be announced, at the
GBP/USD traded in a tight range, near to the daily pivot point, during Monday’s trading sessions, as FX analysts and traders attempted to price in both the latest Brexit issues and Tory government chaos. At 20:30pm U.K. time GBP/USD traded at 1.272, up 0.05% on the day. Trading down -1.89% monthly, the major pair often
There are several indicators that help FX traders and traders of many other securities, to identify what are referred to as “oversold”, or “overbought” conditions. The most popular indicators for pinpointing the two extremes of market behaviour, are the RSI and the stochastic oscillator. The stochastic indicator is often referred to as “stochastics”, a reference
Election polling firms are often subjected to criticism, based on accusations that their data is weaponised, to create lazy, click bait, journalism. Many firms’ methodology is described as unreliable and doesn’t stand up to robust scrutiny. There is mounting evidence of polls being consistently out of step with sentiment and Australia’s general election over the
