Forex Trading: A Constant Search for Equilibrium Do you ever wonder why you turn on your screens and it is often hard to figure out which way the forex market will move as it appears to be...
What is Forex? When I started trading many years ago, foreign exchange and fx were the most commonly used terms in the forex industry. In futures trading, the words currency and currencies were mainly used to describe...
Treat the USDJPY Upside as a Retracement as Long as… Trading USDJPY lately Is like digging out from an earthquake. The tremors have stopped, damage has been done and the question is what comes next. Meanwhile, one...
Newsquawk.com Week Ahead – 23rd-27th September: Highlights include US PCE, Global PMIs, RBA, SNB, Australian and Tokyo CPI Newsquawk Week Ahead – 23rd-27th September MON: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep),...
What Does Data Dependent Central Bank Policy Mean for Trading? With the ECB taking a data dependent approach and Fed Chair Powell indicating something similar following the 50bps rate hike, it pays to take a look at...
Forex Trading Glossary – T Tasuki Gap – Upside and Downside (Candlestick Continuation Pattern) In a bearish Tasuki Gap the market develops in a downtrend in which two long black days develop in succession. The second...
Will There Be a Forex Trading Surprise This Week? As any trader knows, it is the reaction to news (e.g. economic reports, monetary policy decisions that counts. This is where the saying Buy the rumor, sell the fact...
Forex Trading Glossary – S Saucer Pattern A chart formation that shows a gradual decline then a gradual rise in prices with the resultant effect of price taking a saucer-shaped pattern. (Is also known as a rounded...
Will the Fed Cut Rates by 25 or 50 bps.? As we wait for the Fed to make its widely anticipated interest rate decision, this is one that could go either way. The debate is not whether...
A EURJPY and EURUSD Update from the Savvy Trader EURUSD AND USDJPY – Combine the two majors and one gets: EURJPY And once again a long-term view can produce a shorter timeframe trade Back in 2008 this...
Newsquawk.com Highlights include FOMC, BoJ, BoE, US & UK Retail Sales, UK, Canada & Japan CPI, Australian jobs and New Zealand GDP Newsquawk Highlights September 16 -20 Economic Data Calendar SAT: China Activity Data (Aug) MON: N/A...
Is There a Hidden Hand Defending USDJPY 140? The USDJPY bounce from a new low had me thinking perhaps there is a hidden hand protecting the major 140.21 low and pivotal 140 level. What I mean by...