Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
Another trading day and both the SPX 500 and the NASDAQ printed record highs. The catalyst for the fresh peaks were the UK/Pfizer Covid vaccine roll-out and progress made on the approximate $1 trillion fiscal stimulus package the US Senate is looking to seal this week. At 9 pm UK time, the SPX traded up […]
Sterling fell by over 1% from last week’s two-year high to trade as low as $1.328 during Monday’s trading sessions, before trimming some losses to trade around $1.33 during the New York session. The currency pair GBP/USD traded in a wide range, breaching the third level of support to slump to a low not seen
GBP-USD falls from two year high due to Brexit concerns Read More »
During recent FXCC market commentaries and updates, we’ve discussed the significant collapse USD has experienced versus its peers. In recent weeks EUR/USD has reach highs not seen since May 2018, while in a correlated sell-off USD/CHF has slumped to levels last witnessed in January 2015. The fall in USD/CHF shouldn’t be overlooked or dismissed. We’re
Goldman Sachs’ analyst predicts a further 6% fall for USD during 2021 Read More »
The subjects of trading psychology and your mindset aren’t given enough credence when the subject of FX trading is discussed. It’s impossible to calculate the impact your overall state of mind can have on your trading outcomes, due to it being an intangible factor that’s impossible to assess. Within the spectrum of trader-psychology fear is
How fear in its various forms can impact on your trading Read More »
There are certain team sports where defence is as important as attack, or “offence” as our American cousins prefer to call it. In football we’d be left highly entertained and breathless if Barcelona and Manchester City played out a 6-5 game with the emphasis on out and out attack. But the purists amongst us would
Defend yourself at all times when trading FX Read More »
There are an infinitesimal amount of methods which you can use to technically analyse the FX markets. You can concentrate on one specific time-frame and use a multitude of technical indicators and candlestick price-action, in an attempt to gauge the direction of price. Alternatively, you could use a stripped-down minimalist technique with very few technical
How to employ a multi time-frame strategy when trading FX Read More »
You can exercise control and self control when trading, two concepts which will have a tremendous impact on the progress you make as a forex trader. Using the various controls you have to trade will ultimately determine your success. It would be delusional to believe you can control market behaviour, similarly it would be fantasy
Accepting what you can control when trading FX is critical to your progress Read More »
When you’re a novice trader you’ll be continually reminded and encouraged by your mentors and fellow traders to create a trading-plan. There isn’t an accepted blueprint for a plan, although there are a set of generally regarded rules most traders would agree are essential to be embedded in the plan. The trading-plan should be so
Some essentials to place in your trading-plan Read More »
When you’re a novice trader you’ll be continually reminded and encouraged by your mentors and fellow traders to create a trading-plan. There isn’t an accepted blueprint for a plan, although there are a set of generally regarded rules most traders would agree are essential to be embedded in the plan. The trading-plan should be so
Some essentials to place in your trading-plan Read More »
As you get older you should get wiser, you also begin to realise that some key phrases you heard when you were younger can apply to any job, hobby or passion you’re involved in. These phrases can also also apply to life in general. “The secret of success is hard work, when the going gets
Are you prepared to fully commit to trading in order to experience success? Read More »
