Why Negative Balance Protection is so Important The recent CHF debacle has been quite instructive for a number of reasons. We all agree that low volatility is a bad thing in retail forex, but too much of it can be catastrophic...
Here we go again on the euro The implication from yesterday’s comments from Draghi is that the single currency is once again entering a six week period of uncertainty and guessing as to what the ECB will do come the March meeting...
Currency dealing coaching through either a Currency dealing course or a guidance program (ideally both) are by far the most critical factors of an equation towards achieving economical success when dealing Currency dealing...
Hello friends, I am presenting here a simple indicator and coding for you. Sometimes maybe we need to draw some comment on our Meta Trader chart. That times we need to draw from MT4 tool box. But now you can use your own comment in your chart with this simple indicator...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: Our bearish view was encouraged by the break below 1.0805. Our initial downside targets are towards 1.0710...
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USDJPY: Having followed through higher on the back of its Thursday gains on Friday, further bullishness is expected. On the downside, support comes in at the 117.50 level where a break if seen will aim at the 117.00 level. A cut through here will turn focus to the 116...
The U.S. #currency continues to strengthen against the #euro and the #yen after yesterday's speech of Mario #Draghi. The head of the Bank of Japan Haruhiko Kuroda said that currently he sees no reasons to consider a negative interest rate. Find out more by checking out the Source Link...
Decline of #USDCAD, started from multi-year highs after the decision of the Bank of Canada to leave the interest rate unchanged continued. It is recommended to be out of the #market and monitor the dynamics of #quotations. Find out more by checking out the Source Link...
The ECB President Mario #Draghi did not disappoint, providing the long-awaited “show” in the #EURUSD #market. After his speech the lower graphic border of the consolidation pattern "triangle" was broken. Find out more by checking out the Source Link...
EUR/USD: Neutral: Daily closing below 1.0800 would indicate start of bearish phase. The break of 1.0800 suggests that the downward pressure is increasing rapidly. However, we prefer to see a daily closing below 1.0800 before expecting a sustained down-move in EUR/USD...
While the Federal Reserve is expected to perform "the loosest tightening on record," the normalization policy will nonetheless put "some upward pressure on bond yields," leading Christopher Case, Vice President and Director at TD Asset Management, to seek protection in U.S...
The oversold GBP/USD found a reason to extend the corrective rally to 1.43 levels after the data showed the UK public sector net borrowing dropped sharply in December. Retail sales ignored The traders ignored the 1% decline in the UK retail sales figure...
The EUR/USD recovered slightly from the daily lows as the ECB President Draghi, while speaking at Davos, failed to provide fresh dovish surprises. Trades above 50-DMA The pair now trades above its 50-DMA at 1.0824 levels...
After yesterday's #ECB meeting, it was a press conference of its head, Mario #Draghi. He said that the interest #rate will remain at the same level or lower for a long time. The #market understood it as a hint at the rate cut in March. Find out more by checking out the Source Link...
I like to say, “Trading is a much more about observation”. When I last wrote about GBP/USD, it was testing a 30-year trendline into a turn window related to the 2014 – 2015 decline. The market ‘recovered’ from this time/price support for less than two days before turning down sharply again...
The day you start your business, you should place "Purpose" at its forefront. This is a critical issue that fails to get enough attention. Many business owners that are asked, "What is the purpose of your business?" will answer "to make money" (or something similar...
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Hello Traders, Tuesday the 26th of January is Australia Day. This holiday will temporarily influence Australia 200 Index market hours. Currency and Commodity market hours will not be impacted by this holiday. Please see the table below for details...
GBPUSD: Having turned higher after taking back its intra day losses on Thursday, GBPUSD threatens more recovery pressure on correction. Support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support lies at the 1.4100 level...
