USD/CAD ANLAYSIS & TALKING POINTS Crude oil prices find some support today giving CAD a boost Canadian balance of trade outperforms US report. Bull pennant looks ripe for a breakout but key Canadian and US data in store tomorrow. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from …
Loonie Bid on Upbeat Canadian Balance of Trade Data Read More »
Is it Time for Silver to Shine Brighter? Recommended by Nick Cawley Traits of Successful Traders Silver is continuing to benefit from the current economic backdrop as sticky, global inflation worries and recessionary fears continue to swirl. And with these worries likely to remain in the coming quarter, the price of silver could continue to …
Q2 Trade Idea – Is it Time for Silver to Shine Brighter? Read More »
USD/JPY Analysis Recommended by Richard Snow How to Trade USD/JPY Japanese Yen Benefited from Safe Haven Appeal During Panic From the 9th of March this year when SVB became the center of a potential systemic banking crisis, the Japanese yen received a boost as investors sought out safe haven assets. The chart below provides a …
USD/JPY Price, Charts and Analysis: Recommended by Zain Vawda Get Your Free JPY Forecast Most Read: Dollar Yen Forecast: USD/JPY Remains Conflicted Around 130.000 USD/JPY FUNDAMENTAL BACKDROP USD/JPY has struggled to hold onto any meaningful gains above the psychological 130.00 level. Yen strength has been capped by dovish sounding comments from the BoJ governor which …
USD/JPY Hovers at Key 130.00 Level as Rangebound Trade Continues Read More »
Major economic data has the potential to drastically move the forex market. It is this very movement, or volatility, that most newer traders seek when learning how to trade forex news. This article covers the major news releases, when they occur, and presents the various ways traders can trade the news. Why Trade the News …
US Dollar, DXY Index, USD, Fed, Lunar New Year, Crude Oil, Gold – Talking Points The US Dollar dipped today on the possibility of the Fed being less aggressive Equity markets that remain open over the Lunar New Year are buoyant so far today If Fed slows its hiking pace, will the DXY (USD) index …
US Dollar Slips as Markets Weigh Fed Perspectives in Thin Trade. Lower USD? Read More »
Candlestick patterns are important tools in technical trading. Understanding them allows traders to interpret possible market trends and form decisions from those inferences. There are various types of candlestick patterns which can signal bullish or bearish movements. This article will briefly touch upon what candlestick patterns are and introduce the top 10 formations all traders …
Top 10 Candlestick Patterns To Trade the Markets Read More »
– Reviewed by Nick Cawley, September 30 2022 Trading exit strategies that are effective: Traditional stop/limit (using support and resistance) Moving average trailing stops Volatility based approach using ATR Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose …
3 Trading Exit Strategies – How to Exit a Profitable Trade Read More »
Japanese Yen, USD/JPY News and Analysis FX intervention or continued ‘jawboning’ from Japan officials? Japan posts record trade deficit – soaring energy costs coupled with weaker yen FX Intervention or Continued ‘Jawboning’ from Japan Officials? In yesterday’s Japanese Yen report, Strategist Nick Cawley highlighted an increased sense of urgency from Tokyo concerning undesirable volatility in …
Japan Posts Worst Single-Month Trade Deficit, FX Intervention Issues Read More »
Australian Dollar, AUD/USD, APAC, China, Fed, Crude Oil, Trade – Talking Points The risk-sensitive Australian Dollar rose alongside US stock indexes WTI crude oil prices plummeted as China’s Covid lockdowns broaden AUD/USD’s technical outlook below the 78.6% Fib appears bearish Recommended by Thomas Westwater Introduction to Forex News Trading Thursday’s Asia-Pacific Outlook Asia-Pacific markets are …
AUD/USD Gains Appear Untenable Amid China Lockdown Woes Ahead of Australian Trade Data Read More »
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