Friday, 26 November 2021

How Forex Traders Use ISM Data

Forex traders closely watch ISM monthly manufacturing reports. Learn to trade using ISM data.

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How to use the PPI in Forex Trading

Inflation rate can determine the value of a country’s currency. Learn how the PPI impacts forex.

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Major Forex Trading Sessions from Around the World

All traders should know of the 3 major forex trading sessions which comprise the 24-hour market.

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3 Types of Forex Analysis

Discover the 3 types of forex analysis used to anticipate market movements and analyse trends.

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Using the COT Report in Forex Trading

The weekly Commitment of Traders Report provides information on the positioning of currency pairs.

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Dow, Nasdaq 100 and S&P 500 Set to Open Sharply Lower on Fresh Covid-19 Scare

Fears that a new Covid-19 variant may force fresh lockdown measures have sparked a strong risk-off climate, hammering global stock markets lower

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Euro Forecast: EUR/USD Bounces But Further Losses Lie Ahead

This week’s coalition agreement in Germany will lead to a new Government dedicated to more investment. However, the ECB is unlikely to respond and that means more losses ahead for the Euro.

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Crude Oil Price Plummets as New Variant Triggers Risk-Off Sentiment

Friday prompted a market wide selloff as COVID-19 worries deepened. Crude oil prices fell as demand prospects dulled, while SPR releases compounded the problem.

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South African Rand Battered as UK Restricts SA Travel Ahead of the Holiday Period

USD/ZAR breaks above 16.00 as the UK moved quickly to put SA back on the red list. UK travel secretary adopts “safety first” approach to relatively unknown variant

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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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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...