Friday, 26 November 2021

XAU/USD Forecast: Gold Prices Rebound as COVID-19 Fears Take Hold

Spot gold prices surged on Friday as the new South African variant sent XAU/USD above the $1800 handle. Bullion could see a rally into year end should the virus intensify.

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Global Stock Markets Slump, Risk Shunned on New Covid Variant Fears

News that the World Health Organization (WHO) is monitoring a new, highly mutated form of Covid-19 has sent global stock markets sharply lower in holiday-thinned conditions.

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Thursday, 25 November 2021

Currency Carry Trade: What is it and how does it work?

Learn how to calculate and implement currency carry trades in your forex trading strategy.

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Crude Oil Sinks as US Dollar Soars Ahead of OPEC+. Will Supply Tap Out For WTI?

Crude went lower today as the growth outlook diminished due to a new variant of Covid-19 being identified. Can oil break out of the recent range?

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Australian Dollar Volatility Remains In-Check, Despite Big Beat On Retail Sales Data. Where to for AUD/USD?

The Australian Dollar remained steady immediately after retail sales data showed a large increase over the month of October. Can AUD/USD find support?

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What Trading Style Best Suits Your Personality?

Trading style often aligns with personality and lifestyle and influences a trading strategy and plan.

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7 Step Trading Checklist Before Entering Any Trade

A checklist is a vital part of the trading process; helping traders to be disciplined and confident.

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How to Be a Part Time Trader: Tips on Workflow and Strategy

The 24-hour FX market makes it easier for part time day traders to take advantage of trends.

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How to Create a Trading Plan in 7 Steps

A trading plan guides traders through the trading process. Learn how to set one up in 7 steps.

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What Type of Forex Trader Are You?

What forex trading style best suits your personality? Read on to find out.

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Hawkish vs Dovish: How Monetary Policy Affects FX Trading

Hawkish and dovish policies affect FX rates through a mechanism referred to as 'forward guidance'.

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Brent Crude Latest: Coordinated SPR Release Unlikely to Effect High Oil Prices

Biden’s coordinated response to high oil prices resembles a mere drop in the ocean and looks unlikely to produce long lasting price relief

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EUR/USD Forecast: Euro Hits Pre-COVID Levels, Further Weakness to Come?

The Euro has had a tough 2021 thus far, and could only get worse. A dovish ECB coupled with present COVID-19 concerns, EUR/USD is primed for further downside.

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US Dollar (DXY) Takes a Break, Chart Set-Up Remains Positive

The US dollar is taking a Thanksgiving break and turnover is expected to be low until the start of next week when the recent rally is expected to resume.

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Avalanche “Ethereum-Killer” Cryptocurrency Grows to $28 billion Market Cap

Avalance and Avalabs show promise to be potential industry-leaders in the blockchain and cryptocurrency space.

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British Pound (GBP) Price Outlook: GBP/USD Approaching Key Support Levels

GBP/USD continues to look weak, due principally to a strong US Dollar, but is now close to some important supports that might halt its slide temporarily.

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Using Stop Loss Orders in Forex Trading

Market movements can be unpredictable. The stop loss can provide protection against losses.

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Wednesday, 24 November 2021

Types of Forex Orders

Explore the many different types of forex orders, which traders use to manage their trades.

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Crude Oil Heats Up Ahead of OPEC+ And Post FOMC Minutes. Will WTI Break Higher?

Oil prices steadied again today despite the US Dollar gaining round elsewhere and a war of words broke out between OPEC+ and the US. Where to for crude?

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Using Margin in Forex Trading

Learn the importance of margin in forex trading and how to apply it.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...