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The Fed's announcement was taken to heart by some of the institutions trading FX yesterday. Do you know why the new liquidity operations are riskier than ever seen before? And did you get a chance to see how gold has performed since…
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Perhaps the most basic fundamental analysis of a currency pair relates to international commerce. After all, the reason a person would need a foreign currency is to buy something in that foreign country, and vice versa. Of course in the…
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Trading can be quite a challenge for most, regardless of whether you are a novice or an experienced trader. Emotions, analysis, trading strategy all play a role when it comes to executing the picture perfect set up. But more often than…
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The precious metal has been trading within the confines of the 1760 and 1676 levels for over a month. Price action remains within the downtrend as seen from the larger declining price channel. Within this price channel, we also have a…
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In our earlier article, we had talked about the iconic trader, George Soros, and his famous 1992 British Pound short. Here, we will talk about a man who was mentored by Soros and was closely associated with him in his famous stint, Stanley…
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The The GBPUSD currency pair seems to be forming a cycle trend in the long term. On the 1H timeframe, we see the final part of the first cycle wave w. The wave w takes the form of a primary triple zigzag. The primary intervening wave Ⓧ,…
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Breakouts are one of the most commonly occurring phenomena in technical analysis-based forex trading. They are a result of price consolidation or congestion. The consolidation or congestion periods can occur at any time: before a trend,…
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As we previously explored the differences between trading stocks and forex, let's now look into the difference between Stocks and Stock CFDs. Many MT4 forex brokers offer trading in stocks. In some cases these are also marketed as stock…
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Even if you don't trade the yuan directly, you probably want to keep an eye on Chinese foreign exchange reserves. Not just because China is the second largest economy, but also because they are the largest holder of reserves in the world.…
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A lot has happened since the FOMC last met in late January. Back then, we still didn't have the return in jobs numbers. There were still press reports of covid vaccine hiccups, and we still weren't sure that Jan 7 was the actual peak in…
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You might have noticed, especially if you are getting into trading, that traders are confronted with two bits of crucial advice that seem somewhat contradictory. On the one hand, brokers will insist in all their disclaimers that "past…
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USDTRY has witnessed a dramatic fall from record highs at the back end of 2020. Sinking to a 6-month low, prices now test the lower $7 region with momentum firmly resting to the downside. Prices attempted to test the long-term resistance…
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Statistics say that hardly 2% of traders actually make the cut. The remainders of the 98% are merely a flash in the pan. Some traders give up at the first taste of failure; others continue to spend money in hopes of finding the 'Holy Grail'…
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Did you know that Aussie hit an 11-year bottom on the back of coronavirus-inflicted flows? Risk-on appetite has shifted dramatically, but many analysts still see 65c. as the major saver. However, we don't! Our Head of Investment…
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The AMZN structure shows the development of a primary degree ①-②-③-④-⑤. Recently, the horizontal correction wave ④ in the form of a flat (A)-(B)-(C) has come to an end. We then saw the development of the initial part of the primary 5th…
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