EURUSD Gaps Lower: How to Trade in a Geopolitical Market I can’t remember the last time European politics was a market factor but as this chart shows, the gap opening down in the EURUSD suggests this is...
The 8 Main Variations of Gartley Patterns in Trading It’s impossible to talk about Gartley patterns without talking about Harold McKinley Gartley. He was once known for a stock advice service that he ran in his day...
What’s the Difference Between Hawkish vs. Dovish Monetary Policies? Currency prices can change a great deal based on the monetary policies of the country in question. It may come as no surprise then that there are different...
Beware: Divergences are Not a Trade Signal (nor an Exact Science) One thing that you cannot afford to get mixed up is this: Divergences are an indicator NOT a trade signal. It would be a bad idea...
The Basics of Fundamental Analysis in Forex Trading What is Fundamental Analysis? It is time to explore what it really means to look at fundamental analysis and how it works in the Forex markets. Many people claim...
How to Trade Divergences Knowing what divergences are and knowing how to trade them profitably are two different things. You should put forth your best effort to trade divergences in a way that will be fruitful...
Newsquawk.com Week Ahead 20-24th May MON: PBoC LPR, German PPI (Apr) TUE: ECB Governing Council retreat, RBA Minutes (May), NBH Announcement, RBI Announcement, Canadian CPI (Apr) WED: ECB Governing Council retreat, FOMC Minutes, RBNZ Announcement, Bank of Indonesia...
We had some EUR positive Fundamentals last week that helped the pair to extend the gains from the week before ( or better to say USD negative ) The Nonfarm Payroll report The Federal Reserve was less...
I received the following question from a trader sitting with an underwater position. I am long USDJPY above 155 and need some guidance. Could you give me some advice on whether to hold on or hedge it....
Yesterday we have seen a strong move Up , driven by the data . Resistance at 1.06700 was taken out ( now acts as a support ) , and we have closed the day Above the sharp...
If I told you that there was a large order in the market to buy EUR and sell GBP would you be looking to sell EURUSD and buy GBPUSD, do the opposite or step aside as the order...