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Fibonacci Analysis: By Mary McNamara

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 […]

BoE’s Governor Carney Says Bitcoin Fails as a Substitute Currency: FM

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 […]

Dollar Bulls Are Gathering A Bit Of Strength: By Milan Cutkovic

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 […]

Using the Relative Width Indicator to Identify Low-Risk Entry Points: FXRenew

  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 […]

Dollar Steady, Oil Rises as European Stocks Falter: Markets Wrap: Bloomberg

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 […]

ANZ Morning Focus: FXWW

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 […]

Westpac: Sydney Morning Meeting Notes: FXWW

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 […]

Weekly Game Plan 19 Feb 18: By Justin Paolini

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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