Using the right Forex trading strategy is vital for making a profit. The best way to choose a trading strategy is to assess the situation and determine how it might affect your trade. There are numerous options in the Forex trading world, including position trading, swing trading, scalping, and high-frequency trading. Each has its own pros and cons. In choosing […]

The euro/US dollar (EUR/USD) currency pair is attempting to break out of an inverse head and shoulders pattern, which was formed when it reached a high of 1.2231/50 on Thursday. However, the pair is still firmly rooted to the support zone of 1.1600/10. If this zone fails to hold, the euro/dollar pair could resume its downward trend. After a choppy […]

It’s been a tumultuous year for the British pound. The FTSE 100 lost 5%, its value has fallen 15% against the dollar and has lost about a fifth of its value compared to the euro this year. After a flurry of industrial action, the pound has been hammered and weakened more than most, which is a big problem for the […]

Dirty Deeds Don’t Come CheapAustralia is a developed country that is known for its natural resources and high-tech industries. This makes the Australian dollar popular among investors. The currency also holds an important position as a reserve asset in the global economy. The Australian Dollar roared to a 10-month high last week on expectations that the Federal Reserve might be […]

Dax Prices Beaten Down by Technical HeadwindsDespite bullish momentum sparked by the bullish breakout in Dax prices, futures have struggled to hold gains and price action is firmly below major technical support. As the hourly chart shows, Dax futures retraced below yesterday’s peak of 15500 and are now trading down around 1.64% for the day (at the time of writing). […]

USD/CAD Rally Gathers Steam Following Wedge BreakoutUSD/CAD Rally Gathers Steam Following Wedge BreakoutThe USD/CAD pair continues to climb following Friday’s break out from a rising wedge pattern. The pair is now on track for its third successive day of gains and should break above the 1.3460 psychological level to test the upside target at 1.3700. Traders will focus on Friday’s […]

The price of bitcoin has risen significantly in recent months, with a new all-time high of over $63,000 achieved last month. This influx of investment has led to speculations that the underlying token may be able to reach 70,000 USD in 2018. However, there is a lot of uncertainty as to whether this will actually happen. After all, BTC has […]

EUR/USD has reached a new nine-month high against the US Dollar. However, the euro bulls may have overextended themselves. There are signs that the ECB is easing the pace of rate hikes this year. The ZEW report in Germany showed a weaker than expected reading, which may also impact the DAX. Last week, the pair bounced back from a weak […]

Despite the fact that gold prices and the US dollar are both turning upward, a few factors are still keeping investors on the sidelines. Some of the reasons include the divergent performance of the US dollar and the Treasury yields. Others include a rise in the equities market. And lastly, there are a couple of sentiment indicators to watch. U.S. […]

Despite the strengthening dollar, gold prices rose $50/oz in late October. The Fed is expected to raise interest rates in December, which could lead to gold prices falling back towards $1,620. However, investors await remarks from Fed Chair Jerome Powell on Wednesday. His comments could signal that interest rates could be rising soon, and could slow the pace of asset […]

The latest GBI slide show reveals that the US Dollar and the Euro are making headway against the GBP/USD. Although a stronger dollar is always a positive, a weaker euro can be a big worry in the UK market. At this time it is not even clear that the euro will remain strong in the long term. The Euro is […]

We have all heard about the “USD/TRY” climbing to new all time highs this week. This is a very important moment, a time when everyone who cares about global trade will be watching very closely. If you have been looking at this currency for any length of time, then you know how important it is and why the move up […]

The Japanese government’s Abenomics policy has been aimed at boosting inflation to a level where it can be seen as a positive for the country’s currency, the Japanese dollar. In Japan, as in many other countries, economic activity is determined by the country’s real gross domestic product (GDP). The higher the GDP of a country, the more stable it is. […]

The Philippines is an island of the South-East Asian region. It is located in the Northern tip of India, in the area of the Malay Peninsula. It is a state of Malaysia, which is bordered by the Andaman Sea to the North and the Gulf of Thailand to the South. It is also called as the Philippines or the Spanish […]

The credibility of the Euro’s integrity is a trap for the Eurozone. There are two reasons why the credibility of the European Central Bank’s bond-buying program (toxic) and that of the European Commission’s attempt to force down the Euro’s value (tense). The credibility of the European Central Bank’s purchase of bonds has been called into question by the Eurogroup and […]