Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
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
FX traders eventually learn that the events listed on the economic calendar, have the power to move the FX markets. Whatever trading strategy and overall method you develop, perhaps by using some of the most popular technical indicators available, novice FX traders will quickly observe that a surprising data release (missing or beating the forecast),
On Tuesday February 5th at 3:30am U.K. time, the RBA (Reserve Bank of Australia) will announce its latest decision, regarding the key interest rate for the Australian economy. Referred to as the “cash rate” in Australia, the forecast, from the economists polled by Reuters and Bloomberg, is for the rate to remain unchanged at the
The Australian central bank is forecast to maintain the current interest rate at 1.5%. Read More »
The leading U.K. index the FTSE 100, breached the critical psyche level and handle of 7,000 during the early part of the London session to reach 7,040, a level not seen since early December 2018. During 2018 the index threatened to break through the 8,000 level for the first time in its history, after reaching
