It’s July earning season and stock rotation time, do you have a plan? This period of time in the market always brings rotation from 2nd quarter leaders to new 3rd quarter leaders. The 4th of July light holiday week trading tends to have an upside bias...
The ruble grew by the fastest pace in two weeks after exporters rushed to benefit from the dollar’s three-day advance against the ruble to convert revenue earned from offshore operations. The ruble grew 0.6 percent to trade at 34.2345 per dollar as of 6 p.m. close in Moscow...
The euro fell to more than one-week lows against the dollar on Friday, one day after a robust U.S. employment report for June eased concerns over the outlook for the economic recovery. EUR/USD ended Friday’s session at 1.3594, down 0.35% for the week. The pair is likely to find support at 1...
Although China's economic growth has risen in the second quarter from the previous three months, further careful government support measures will still be needed. Business collaboration with Europe and tactful government measures contributed to prosperity of the world's second largest economy...
EUR/USD nearing important support zone Important cycle turn window in Crude Defining week for AUD/USD? Foreign Exchange Price & Time at a Glance: Price & Time Analysis: EUR/USD...
Targeting X amount of pips per day is unrealistic. We should instead focus on diligently following our strategy. Trading with an edge using limited leverage should yield a profit over time...
On H1 was closed channel that defined corrective movement upwards. It was closed as a simple channel...
Forex is a subject that is gaining a lot of popularity today. If you want to start becoming as successful as a lot of other people are through forex, then search no further. The key to being successful with forex is to always learn as much as you can...
The pound was close to its highest in almost six-years against the dollar on Friday, as expectations for a rate hike by the Bank of England this year continued to underpin demand for sterling. GBP/USD was at 1.7158 late Friday, after touching highs of 1.7178 earlier, the most since October 2008...
With Alcoa set to provide the unofficial kickoff to second-quarter earnings season Tuesday afternoon, Corporate America is aiming to clear another low bar...
The Australian dollar ended the week at a more than two-week low against its U.S. counterpart on Friday, after a robust U.S. nonfarm payrolls report for June sparked speculation that the Federal Reserve could bring forward its timetable for raising interest rates. AUD/USD hit 0...
The New Zealand dollar ended Friday’s session close to a one-week low against its U.S. counterpart, as a better-than-expected U.S. nonfarm payrolls report for June bolstered the outlook for the wider economic recovery. NZD/USD hit 0...
The U.S. dollar moved higher against the Canadian dollar in holiday thinned trade on Friday, as markets in the U.S. remained closed for the Independence Day holiday. USD/CAD ended Friday’s session at 1.0651, pulling back from the six month lows of 1.0619 hit in the previous session...
Price action can give traders a clear and concise view of supply and demand at any one point-in-time...
The dollar rose to more than one-week highs against the Swiss franc on Friday a day after a robust U.S. nonfarm payrolls report for June sparked speculation that the Federal Reserve could bring forward its timetable for raising interest rates. USD/CHF was at 0.8945 late Friday, up from 0...
Emerging markets have recovered this year, however, investors should be careful to avoid a boom turning into a failure in the second half...
The USD/JPY retreated from last week’s high of 102.25, and is now testing some support factors just under 102. We have a rising trendline support from last week, and a broken trendline that served as resistance before. If the USD/JPY is to remain bullish, price should stay above the 101...
The dollar edged lower against the yen amid profit taking on Friday, but still ended the week higher as a better-than-expected U.S. nonfarm payrolls report for June bolstered the outlook for the wider economic recovery. USD/JPY was at 102.05 late Friday, off Thursday’s high of 102.25, but still 0...
