Fun Facts About the Forex Industry

The forex market is highly popular and a major reason for this is that it is always open in one part of the world. So, you can trade forex either in New York or London, Tokyo or Sydney, at different times on the same day. Now you know why they call it the market that never sleeps! Also, the size of this massive decentralised market has rapidl...

2018-04-13 Orbex Read more
Buying dips in USDJPY

Monthly: Far too early to tell but USDJPY is possibly forming a bullish reverse Head and Shoulders pattern. A break of the neckline at 127.25 is needed to confirm the breakout. We have seen a reaction higher from the 50% pullback level of 100.65 (from 75.56-125.74) Daily: We look to have completed a bearish Elliott Wave formation (5-wave ...

2018-04-16 Ian Coleman Read more
Tips for Forex Beginners

If you’re a newcomer to the forex market, the sheer amount of information and strategies on the internet might seem overwhelming. The key is to take it slow and start with the basics. Here’s a list of tips for forex beginners to keep in mind when you begin your journey.   Learn the Basics Get a complete and deep understanding of the fo...

2018-03-23 Orbex Read more
Different Types of Financial Instruments

For most traders who are just starting to venture into trading, forex crops up as the first trading instrument or product. This has to do with the fact that retail forex trading is relatively straightforward. Being a highly leveraged product and the existence of a decentralized exchange, makes it easy for the average Joe to transfer funds to a f...

2018-02-26 John Benjamin Read more
trading tools and educational information

The internet is awash with various trading websites that entice traders to join up, often for a subscription to learn more about trading. However, traders should be able to expect some if not all of the aspects of trading assistance when it comes to a forex broker in question. So what trading tools and educational information should be the stand...

2018-02-26 John Benjamin Read more
Canada_rates_1910_BOC

Despite the lack of fundamentals during the Asian and the European sessions today, volatility seems to be picking up at the European session opening bell. The US Dollar is broadly lower across the board, leading safe haven assets higher, including Gold, Silver, Japanese Yen, and the Swiss Franc. Yet, there is a lot more to come today ahead of ...

2017-08-18 Nour Eldeen Al-Hammoury Read more
Yen

JPY Striding High Against USD JPY strengthened sharply last week due to an acute increase in geopolitical tensions between the US and North Korea, which fuelled a safe-haven bid in the Yen. Upside movement has been exacerbated by the extreme level of bearish positioning in JPY, which is vulnerable to further reduction. On the week, JPY rose ove...

2017-08-15 James Harte Read more
Australia_RBA_2604

The Reserve Bank of Australia released its quarterly monetary policy statement earlier today. According to the report, the central bank slightly lowered its growth forecasts for 2017 and 2018. The Australian economy is now expected to rise 2% - 3% for the mentioned periods. This was slightly lower than the May forecasts which saw the central ba...

2017-08-06 John Benjamin Read more
Bank_rate decision

PMIs Printing Higher Global growth has been ticking higher over recent months with The speed of growth in global industrial production having more than doubled since early 2016 with the biggest increases seen in the advanced economies. Global manufacturing has registered its biggest expansion since 2014 with industrial production up 3.3% year o...

2017-08-03 James Harte Read more

The Bank of England will be meeting today for its monthly monetary policy review. Based on the economists poll, no changes to interest rates are expected, which remain at 0.25%, a historical low. However, some institutions are not ruling out the scope for a rate hike today. This hawkish scenario comes from the fact that in the July MPC meeting,...

2017-08-03 John Benjamin Read more