From the FXWW Chatroom: JPY, XJPY- USDJPY moved higher to 107.905, after it traded the level USDJPY is back t …More>>
Sean Lee wants to help you become a top FX trader, no matter whether you’re living in New York or Nairobi. L …More>>
MOST RECENT ARTICLES
Fibonacci retracements are ratios often used by traders to help identify potential targets in any pull-back move. One of the most powerful of these levels is the 61.8% level but the 50% and 78.6% levels figure highly as well. Fibonacci analysis is quite widely used and so even technical analysis ‘doubters’ should respect the science […]
The central bank is in no rush to embrace the new technology. Bank of England Governor Mark Carney sees fundamental problems with the concept of Bitcoin as a viable currency when measured by standard benchmarks. Learn how to buy Bitcoin and Ethereum safely with our simple guide! Discover credible partners and premium clients at China’s […]
While the last trading week was a poor one for the US dollar, large speculators appear to be slightly more optimistic about the outlook for the currency. The latest positioning data from the CFTC showed a decent amount of US dollar net buying. Euro long positioning declined from 141k to 128k. It is not surprising […]
When trading Forex, your entry should be “low risk”. A low-risk entry occurs when the opportunity for a strong trend exists and you can get on that trend with a relatively tight stop and a reasonable win rate. One of my favourite scenarios for low-risk entries is during periods of low volatility. As we […]
WTI crude extends last week’s gains as gold edges higher With U.S. shut, focus turns to Fed, ECB minutes later in week European shares failed to carry forward a rally from Asia, while U.S. stock futures also headed lower as the surge that handed the S&P 500 Index its best week in five years appeared […]
From the FXWW Chatroom: Benign currency trading day with the U.S. out for Presidents Day Holiday and little in the way of tier one data globally – The most significant data event was Euro Area Current Account, posting surplus of 29.9bn for Dec and cumulatively 3.5% of GDP – The backdrop for Euro remains encouraging […]
From the FXWW Chatroom: US equity markets remained in recovery mode last week through Friday though they did give back some gains into the close. S&P was up 4.3% on the week and the VIX closed below 20%. It is a US holiday today and with China still out until Thursday, a quiet start to […]
On Friday, the US Commerce Department recommended that President Trump impose tariffs on steel and aluminum imports from China and other countries. Whether this will take place or not is yet to be seen, but evidently China’s Commerce Ministry said they would take necessary steps to protect their interests if the final decision affects China. […]
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