The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and GBP/USD. EUR/USD: Softness continues, and there's still no reason to fight the trend. We still like being short, adding on any recovery near the 1.1098 previous low, with a 1.1155 stop...
USD/JPY is on the verge of completing its 3m range trade and resuming its long term bull trend for 120.49, notes Bank of America Merrill Lynch. "A break of Triangle resistance (now 120.06) is the 1st sign that the bull trend is resuming, while a close above 120.49 confirms...
To get a grasp on what a margin call is, you should understand the purpose and use of Margin & Leverage. Margin & Leverage are two sides of the same coin. The purpose of either is to help you control a contract larger than your account balance...
Traders will look for setups, patterns, or situations that give them 'an edge' for predicting what price will do next. In other words, the trader is looking for something that helps improve their ability or chances. An edge is not something that always happens...
AUD/NZD: Short One short position has been opened this week and closed today with a profit of 1/2 Weekly ATR (84 pips). On pullback postions will be opened again. See for more information my Strategy article of this weekend...
The downward pressure on the EUR remains intact especially as the break of some key technical support areas has provoked further selling, notes Australia and New Zealand Banking Group (ANZ...
Many believe that Forex investment is a savvy way for making money. There are drawbacks including the amount of time that should be invested in order to make this happen. In many cases, not everyone has the time that is needed. Understanding current market activities is also a plus...
These are two groups of exponential moving averages. The short term group is a 3, 5, 8, 10, 12 and 15 day moving averages. This is a proxy for the behaviour of short term traders and speculators in the market. The long term group is made up of 30, 35, 40, 45, 50 and 60 day moving averages...
Building Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading by Kevin Davey In Building Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Training, award-winning trader Kevin Davey shares his s...
Morgan Stanley (NYSE: MS) is an American multinational financial servicescorporation headquartered in the Morgan Stanley Building, Midtown Manhattan, New York City. Morgan Stanley operates in 42 countries and has more than 1300 offices and 60,000 employees...
Leverage financed with credit, such as that purchased on a margin account is very common in Forex. A margined account is a leverageable account in which Forex can be purchased for a combination of cash or collateral depending what your brokers will accept...
GBP/USD Technical Strategy: Flat Support: 1.5322, 1.5180, 1.5117 Resistance: 1.5440, 1.5551, 1.5601 The British Pound is edging lower as expected against the US Dollar after putting in a Bearish Engulfing candlestick pattern. Near-term support is at 1.5322, the 14...
An overall goal It is hard to reach a goal if you do not have one. However, the goal needs to be realistic as well, and this is an area many traders lose focus in, which is fueled by an industry that commonly misleads traders with false information and fake returns...
AUD/NZD: Short One short position has been opened this week. See for more information my Strategy article of this weekend. The AUD is having a currency a score of 4 and and the NZD a score of 7. See for more information the Currency score article of this weekend...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: No change. We are bearish and look for a move lower towards initial targets near 1.1100 an then lower towards our targets near 1...
Although last week the Greek government secured an extension of its bailout program, this doesn’t give it access to cash from the eurozone and the International Monetary Fund. The eurozone is unlikely to give Athens a break, even if it is running out of cash...
Many are asking why the USD is continuing to rise against its trading partners despite strong evidence being seen yesterday that economic momentum is slowing down, easing pressure on the Federal Reserve to begin raising US interest rates...
Central Banks And Governments Policies that are implemented by governments and central banks can play a major roll in the FX market. Central banks can play an important part in controlling the country's money supply to insure financial stability. Banks A large part of FX turnover is from banks...
Current trend Brent crude oil grew substantially at the end of the last week due to aggravation of the geopolitical situation. Quotes rose above a level of $62, but Brent again failed to consolidate at that level owing to US increasing oil products stocks...
GBP/USD Technical Strategy: Flat Support: 1.5322, 1.5180, 1.5117 Resistance: 1.5426, 1.5551, 1.5601 The British Pound broke downward against the US Dollar as expected after putting in a Bearish Engulfing candlestick pattern. A daily close below the 14.6% Fibonacci expansion at 1...
