Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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; investors and traders are prepared to take risk and begin placing risk […]
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 the DXY, dollar index. The primary reason the dollar rose on Thursday and maintained
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 volatility. However, based on the widely held view that FX markets range more
One FX trader’s noise can be another trader’s symphony. Read More »
The Aussie dollar slipped versus its peers as the headline unemployment rate for Australia came in at 5.2% for April, a rise from 5% for March. Employment fell by -6.3k in the month, versus a 49.2k additional jobs created in March. Analysts and FX traders quickly moved to downgrade the value of AUD, whilst questioning
Traders are (by nature) curious human beings. Therefore, it’s inevitable that at some stage during their early trading experiences, traders will experiment with just about every conceivable technical indicator and combinations of various indicators. Novice traders are generally (and arguably naively) in search of what many refer to as a “Holy Grail trading system”, loosely
Your FX trading will move through natural stages, as you experience a form of trading evolution, during your early months and years. Upon first discovering the retail trading industry, you’ll trade manually, whilst you familiarise yourself with the complexity of all that’s involved. Eventually and perhaps inevitably, your thoughts will turn to the potential benefits
Moving from manual trading to automated, how to take the first steps. Read More »
Despite the USA applying 25% tariffs on $200b of Chinese imports from Friday May 14th, with China responding by attaching tariffs of up to 25% on $65b of USA goods, analysts and political commentators are hopeful that at June’s G20 meeting, Trump and Chinese leader Xi could reach a consensus and compromise. Analysts remain confident
Chinese officials have remained conspicuously silent and dignified, during the social media onslaught the country has experienced from President Trump, over recent weekends. Trump took to his preferred method of communication (Twitter) on Sunday, to once again threaten China’s economy, with increased tariffs of 25%, on all Chinese imports into the USA. Chinese officials finally
Identifying what are market trends is a highly subjective issue and discussion point, amongst the trading community. Although the definition of what a trend actually is will vary, depending on who you correspond with, most experienced traders will testify that trends should be measured over weeks and perhaps months, not individual trading sessions, or days.
Can the trend still be your friend, on several time frames? Read More »
The Aussie dollar fell versus its peers during the Sydney-Asian session, after the Trump administration ratcheted up the trade war rhetoric versus China and Chinese officials stood firm, suggesting they’d offered enough concessions to the USA, but weren’t prepared to shift further. President Trump took to social media over the weekend to reconfirm the USA
