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The 200-Day Moving Average
One of the worlds most profitable Hedge Fund Managers Paul Tudor Jones called it in Tony Robbins Money Master Book "my #1 Trading indicator " and some of my colleagues in institutions and banks have referred to it as a key barometer for where substantial money flow often occurs. I am referring to the 200-Day Moving Average on a Daily chart and as...
NAB tips two more RBA rate cuts
Upcoming News » 6:30pm Manufacturing Production – GBP Overnight we saw small drops on the DOW and S&P500, Gold settled around its lows still finding support around 1333.50. Oil rallied higher with hopes OPEC will stabilize supply. The USD was mixed as the AUDUSD tested highs. The USDJPY rallied by 37 pips to test short a term high of 102.55...
Non-farm payroll beats expectations
Upcoming News » No high impact data tonight » 10:30pm (MED Impact) Building Permits - CAD The big story that finished off last week was the Non-farm payroll employment change. The figure released was far better than what was being expected. The market was looking for 180K, 255K new jobs were delivered. Hourly earnings also increased from 0.2%...
Oil continued its rise
Upcoming News » 10:30pm Employment Change - CAD » 10:30pm Trade Balance - CAD » 10:30pm Unemployment Rate - CAD » 10:30pm Average Hourly Earnings - USD » 10:30pm Non-Farm Employment Change - USD » 10:30pm Unemployment Rate - USD The BOE delivered on market expectations overnight with a rate cut to historic lows of .25%. Even though ...
Eyes are on the BOE tonight for the rate decision
Upcoming News » 9:00pm BOE Inflation Report - GBP » 9:00pm MPC Official Bank Rate Votes - GBP » 9:00pm Monetary Policy Summary - GBP » 9:00pm Official Bank Rate - GBP » 9:30pm BOE Gov Carney Speaks - GBP » 10:30pm Unemployment Claims - USD » 11:30am RBA Monetary Policy Statement - AUD Eye’s are on the BOE tonight for the rate dec...
RBA cut interest rates
Upcoming News » 6:30pm Construction PMI - GBP » No release time, GDT Price Index - NZD As expected the RBA cut interest rates by 25 basis points. The AUDUSD dropped on the news but has retraced most of its drop. The AUDUSD lost 54 pips to .7488, buyers have come back in taking it back above .7500. The AUS200 lost ground after the disappointing...
JPY sees a wild trading session
Upcoming News » 10:30pm GDP - CAD » 10:30pm Advance GDP - USD » Sat 6:00am EBA Bank Stress Test Results - EUR, USD, JPY The JPY saw a wild trading session today as the BOJ boosts dollar lending and ETF purchases. Interest rates to be kept steady at this point. We found out on Wednesday the amount of the stimulus package. This weekend ...
Top Candlestick Patterns and How to Use them in Your Trading
Candlestick charts are one of the most popular and commonly used tools by traders in analysing the markets. In this article, we will briefly look at its history then move on to some basics on how to interpret these charts. We will also look at some of the major candlestick chart patterns to give you an understanding of how you can use them ...
Why Brexit is Not a Black Swan
The 7.95% downward move on the British Pound (GBP) on the back of the Brexit vote was definitely one of a kind. The black line in the chart below shows the daily closing prices for the cable all the way back to 1975. The red line is the daily net changes (measured from close to close) during the same period. As you can see, never in the past 41 ...
Benefits of a MT4 Demo Trading Account
Top 5 Benefits of a MT4 Demo Trading Account A MT4 Demo trading account is a virtual trading account that allows you to make virtual trades with play money. Demo trading accounts replicate Live trading accounts, but it removes the risk of losing your own trading capital until you are comfortable trading with real money. Most Forex brokers now o...
Brexit Impact on Global Markets
The Trading Strategies You Need to Consider to Capitalise on the Increased Volatility The Brexit Impact on Global Markets was incredibly strong. Many believed that Brexit would never eventuate, particularly when polls and analysis led many to think that the UK would vote to stay with Europe. However, Brexit happened and whilst it caught many off ...
The Aftermath of Brexit – Point & Figure Analysis
Aftermath of Brexit Today we'll take a look at the aftermath of the Brexit vote using point and figure analysis. As we begin to process the magnitude of last week’s ‘Brexit’ vote, it is important to understand that we are still not of the woods yet regarding event risk and market stability. It may well be the start of an extremely volatile pe...
Brexit Aftermath Rolls On
Upcoming News » Day One EU Economic Summit EUR » 10:30pm Final GDP USD » 12:00am CB Consumer Confidence USD Brexit aftermath rolls on. On the back of David Cameron's resignation more MPs have stepped down in the wake of Friday’s shock result. Over three million people have signed a petition for a second referendum to be held. W...
9 Reasons Why is MT4 is Rated One of the Best Online Forex Trading Platforms
Forex has grown considerably in popularity over the last 5 years, resulting in many new and popular online Forex trading platforms hitting the global marketplace. One of the most popular online Forex trading platforms that have been around since 2005 is MetaTrader 4, developed by MetaQuotes Software. Why is MT4 considered one of the world’s top ...
Forex Trading Account Types Your FX and CFD Provider Should Offer You
Forex (FX) trading has changed a lot over the past several years. From a handful of providers in 2002 – 2003 period, there are now more than 50 FX and CFD providers in United Kingdom alone. The number FX and CFD traders have also increased over the years. In this kind of environment there’s bound to be stiff competition. And at the heart of this c...
