FX trading tips revealed by our experts who have used these methods to trade FX profitably.
The USD took a heavy beating this week after announcements from the Federal Reserve failed to encourage confidence in the still-struggling US economy. Read more >>
Want to know what are the major events for this week? Click on this article to find out. Read more >>
The Australian dollar continued its rise this week, particularly against the USD and the GBP. Read more >>
Yesterday, we talked about some of the biggest events of the coming week. We also mentioned how important it is to keep track of announcements as these could affect the market in the coming days, or even weeks. Today, we talk about trends. As with trading stocks, currencies go through trends. In basic terms, a trend is the direction the foreign exchange market is taking. Successful traders learn to recognise these trends to enable them to make sound decisions, whether it is to buy, sell, or hold. Read more >>
FX is a dynamic marketplace. It can be volatile too. The thing is that things could change easily depending on developments in the market, particularly those that directly affect major currencies. Because of that, it is important to keep track of important events that could dictate the mood of the market in certain parts of the world. We will help you keep track of some of those events for this week. Read more >>
The euro returned to 1.3100 levels after ECB President Mario Draghi reported no change in interest rates at 0.75 per cent, a positive outlook later this year for the Eurozone. He said that while the short-term outlook for the region remained weak, a gradual recovery is seen for the second half of 2013. Meanwhile on the Australian front, the AUD/JPY cross pair neared the 98 mark, mainly due to the Yen’s poor performance as of late. Over the past 2 days, the Yen once again fell as the weakest currencies among the majors. Read more >>
Figures released by the Greek National Statistics Service (Hellenic Statistical Authority) earlier today show that unemployment rate in the debt-ridden country has decreased, but only slightly. Read more >>
The Australian Bureau of Statistics announced today that the country’s Gross Domestic Product (GDP) rose by 0.6 per cent in the last quarter of 2012 and 3.1 per cent on a year-on-year basis. The q/q figures released are in line with previous growth expectations against the upwardly revised +0.7 per cent in Q3 from +0.5 per cent. Meanwhile, the y/y figures were slightly above the previous 3 per cent expectation. Read more >>
As Chris from FX Strategy pointed out in one of his most recent videos, the EUR/CHF pattern looks very bearish. Read more >>
A FX EA is an expert trader, which is the terminology used for an automated trading system. There are 100s of EAs that can be obtained if you search hard enough. Some are free, some cost as little as $5 and some cost several thousands of dollars. Each EA FX system will interface with an online trading platform. Usually these systems are based on technical analysis indicators or chart patterns. Read more >>
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