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May 21, 19 •
3371 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Building a simple FX trading strategy, slowly and surely, piece by piece.
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...
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May 21, 19 •
2444 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Aussie dollar gives back Monday’s gains as RBA hints at June rate cut, sterling falls as Tory government infighting increases, USD rises after Powell comments.
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...
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May 21, 19 •
2775 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Sterling trades in flat, narrow range as Brexit and govt. issues dominate, U.S. dollar index falls as analysts await developments on China-USA trade issues.
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...
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May 20, 19 •
4240 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Using the RSI technical indicator to identify oversold and overbought trading conditions.
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...
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May 20, 19 •
2956 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Aussie dollar spikes as general election has shock result, sterling slips as Brexit fears crystallise.
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...
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May 20, 19 •
3385 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on How to identify risk on risk off sentiment and how to possibly trade the correlations and opportunities.
The phrase “risk on risk off” is a phrase often used by FX analysts and traders. Also referred to as “RORO”, the concept relates to the prevalent mood and market sentiment. If the overall market sentiment is bullish, it’s described as “risk” on;...
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May 20, 19 •
3525 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Japanese GDP, U.K. inflation, German GDP and European Markit PMIs dominate the economic calendar over the week.
The weekly economic calendar events begins early Monday morning during the Asian session, with the publication of the latest Japanese GDP figures, Reuters expect the key metric to come in at -0.1% for the first quarter of 2019, resulting in a year on year...
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May 17, 19 •
3242 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on U.S. dollar index remains near two week high due to Fed suggestions inflation must be raised, whilst euro traders ponder Italian prime minister’s policy stance.
A combination of: the risk on tone experienced over recent trading sessions, an easing of tariff rhetoric, bullish economic indicators and the Fed’s comments, ensured the USD has remained near two week highs versus the basket of currencies, which make up...
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May 17, 19 •
3706 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on One FX trader’s noise can be another trader’s symphony.
Trading educators and analysts often use the phase “trading noise”. It refers to trading in ranging markets, as price is moving sideways, whilst you’re also trying to squeeze profit out of the market, often during times when there’s a general lack of...
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May 17, 19 •
3040 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Sterling falls to four month lows versus peers as Tory government chaos continues, U.S. dollar rises versus major peers as U.S. equities rise for third session in series.
Sterling sold off versus several peers during Thursday’s sessions as the Brexit debacle enters new realms of farce, which are now threatening the very governance of the U.K. The day’s drama involved Theresa May appearing before a committee to encourage...