Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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
It’s a natural tendency to be impatient, when you first discover forex trading. You’re in an enthusiastic rush to take on board all the information, whilst your inquisitive nature will encourage you to roll your sleeves up and experiment with many concepts, that are both unique and new to you. Nothing can prepare you for
It’s often stated that “patience is a virtue”, in FX trading it’s essential. Read More »
Despite the technical application of up to 25% tariffs on Chinese imports into USA ports, from midnight USA time, on Friday May 10th, Chinese equity markets rose during the Asian trading session. As to whether the rise is a moderate relief rally now the threats have become reality, or Asian market investors expect a resolution
During the early months and years of your trading journey and evolution, as you’re experimenting and exploring the full range of trading opportunities, you’ll commit many of the trading mistakes, all experienced and successful traders will testify to. You’ll trade from an undercapitalised account, apply too much leverage, receive margin calls, overtrade, revenge trade and
