Tue, Oct 22, 2019 @ 14:46 GMT

USD/JPY Mid-Day Outlook

USD/CHF Mid-Day Outlook

EUR/USD Mid-Day Outlook

GBP/USD Mid-Day Outlook

GBP/JPY Daily Outlook

EUR/JPY Daily Outlook

Trudeau Survives, USD/CAD Bears Still in Control

In last night’s federal election, Prime Minister Justin Trudeau fought off a stout challenge from Conservative candidate Andrew Scheer to win his second term,...

Pound Wobbles Ahead Of Brexit Vote

The pound is sliding towards $1.29 as investors look to the Parliamentary debate and vote on Boris Johnson’s Brexit bill. Bojo's Brexit deal will be...

CAD Holding Its Gains, More Easing Form CBRT To Come

CAD flat following election results, yet high appreciation potential Election results have left CAD traders unimpressed, although reelected PM Justin Trudeau should face a minority...

Trade Hopes Lift Risk Mood, Brexit Drama Continues

Market mood lifted by US-China trade optimism Pound braces for another showdown in Westminster Dollar sags into quiet trading week Gold hunts for...

Sunset Market Commentary

Markets Waiting in vain, pt. 2. An urgent debate on Syria hijacked UK parliament’s agenda, pushing brexit debates – key for trading – after EU...

Trudeau Survives, USD/CAD Bears Still in Control

In last night’s federal election, Prime Minister Justin Trudeau fought off a stout challenge from Conservative candidate Andrew Scheer to win his second term,...

Market Brief: Brexit Remains in Focus

At 12:40 BST in London, NZD and USD were among the strongest in FX while CHF, AUD and CAD were among the weakest. Volatility...

Pound Wobbles Ahead Of Brexit Vote

The pound is sliding towards $1.29 as investors look to the Parliamentary debate and vote on Boris Johnson’s Brexit bill. Bojo's Brexit deal will be...

AUD/USD Outlook: Bulls Face Strong Headwinds And See Risk Of Pullback

The Australian dollar eases on Tuesday after double failure at daily cloud top (0.6879) which could be initial signal that bulls are exhausted, as...

XAU/USD Could Decline

Yesterday, the XAU/USD exchange rate declined to the 1,484.00 level. During Tuesday morning, the rate was testing the upper boundary of the medium-term descending...

US Open – Trudeau, Brexit, Trade, Earnings, Oil, Gold

US stocks continue to hang around record territory as earnings season heats up with almost one-fifth of the S&P 500 members set to report...

EUR/USD Could Reach 1.1190

On Monday, the EUR/USD currency pair consolidated near the psychological level at 1.1160. During today's morning, the pair breached the 55-hour SMA at 1.1150. On...

GBP/USD Remains Below 1.3000

Yesterday, the GBP/USD exchange rate failed to exceed the psychological level at 1.3000. During Tuesday morning, the rate was testing the support provided by...

USD/JPY Remains Below 108.70

On Monday, the USD/JPY currency pair breached the short-term descending channel north. During today's morning, the pair was testing the support formed by the...
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October Flashlight for the FOMC Blackout Period

Executive Summary After a decade without a rate cut, the Federal Reserve Open Market Committee (FOMC) has now cut the fed funds rate in back-to-back...

RBA: Policy Debate Hinges Around Risks of Ultra Low Rates

Interest rate outlook now hinges on the assessment by RBA of the Effective Lower Bound for the cash rate. The employment report for September printed...

As Lagarde Prepares to Take Over the Helm, Troubles Brew at the ECB; How Will Euro be Affected?

It will be a significant day in the history of the Eurozone on October 31 when Mario Draghi – widely viewed as the man...

Who Is Most Exposed to a Global Manufacturing Slowdown?

As the global economy has decelerated over the past year, the weakness has been concentrated in the factory sector. In this report, we examine...

01 – Fundamental Analysis Overview

As you have already read, Fundamental analysis is studying the economic fundamentals of a currency, country, or economy. Economic fundamentals really is a very...

01 – Support and Resistance

For the bushy-tailed and bright-eyed newcomer, technical analysis of the Forex market often becomes an obsession. I know for me it was. Although you will learn...

00 – Trading Psychology 101

Now that you've studied the basics of technical and fundamental analysis, as well as the importance of proper risk management techniques, it's about time...

00 – Risk Management 101

In forex trading, there are several factors that you can't really control. While you can be able to make predictions based on fundamental analysis...

00 – A Beginner’s Guide to Fundamental Analysis

What is Fundamental Analysis? Fundamental analysis mostly refers to the use of economic data to predict forex price movements. While technical analysis focuses on historical...

00 – A Beginner’s Guide to Technical Analysis

Technical analysis refers to the study of past price action as a guide in forecasting future price movements. This involves looking at candlestick formations,...

01 – How to Start Trading in 4 Easy Steps

1. Register with OctaFX by opening an account Having an account allows you to access your personal area on our website and to trade...

01 – How Does Forex Work?

How Does Forex Work? Forex trading is the simultaneous buying of one currency and selling of another These two currencies make up what is...

The Four Letter R-Word

Forex traders hear a lot about Risk; whether the markets are tolerant, averse, or neutral. It is a headline that is bandied about on...

What Are the Methods to Predict Forex Changes

To know how to properly analyze the market is equal to making money on it. The whole essence of work in the financial markets...

The Most Traded Currencies in Foreign Exchange

According to the Bank for International Settlement Triennial Central Bank Survey (BIS), the Foreign Exchange market (or FX or forex market) is the largest...

What Everyone Ought to Know About Trading Oil

In this article we shall explore the fundamental influences that shape market sentiment on Crude Oil. What makes it tick? In order of importance...

The Trader’s Guide to Macro Data

Macro economic data is the lifeblood of the Forex markets and whether you are a fundamental or technical trader, it's this data, the changes in sentiment and outlook among your trading peers that drive price action. Simply because FX is all about global macro at heart.

Why Becoming an Independent Forex Trader is Appealing

Like most folks, the thought of low-paying government pensions, working in your seventies and, just, well, working in general, usually brings a sour taste to one's mouth. A lot of people are often left thinking that there must be more to life than this! As a matter of a fact, according to the Telegraph UK, most people at work are miserable. Shocker!

Do You Want to be a Trader?

In this day and age, becoming an independent financial trader is easy. You just need some capital and a brokerage account, and voilà, you're a trader! The only problem is, trading the markets is not quite so straightforward!

How Keeping a Trading Journal Can Help You Boost Performance

Did you know that you can boost your trading performance and increase your success rate even with your current trading strategy? The solution is simple...

Do You REALLY Have What it Takes to be a Successful Forex Trader?

Trading any market consistently is difficult. It tests you in ways you’ve not likely been tested before, with the majority failing to achieve their...

A Trade or a Gamble?

I love to trade a lot - which is of course a euphemistic way of saying I love to gamble. Although I have been...

The First Rule of Forex Trading: FX Market Types

Have you ever found that your trading system works great one day but fails miserably the next? Your problem is quite possibly market type identification. Too many Forex traders will trade the same way no matter what the market is doing. Instead look to identify the market type first, and then devise a strategy appropriate to that market type.

How to Properly Use Pivot Points in Your Trading

A general flaw of many traders is the habit of seeking "certainty" via indicators. It's not uncommon to see charts with five to seven indicators overlaid on them. However, the traders that seek certainty through indicators are usually the same traders that don't "dig deep" into the indicator to understand how it's built.

Five Rules Around Managing Risk

Risk and reward are two sides of the same coin when it comes to trading the markets. In fact, taking on, managing and, where possible,...

What are Range Bars? Trading Strategies Using the Range Bar

Range bars belong to a type of chart that is independent of time. Unlike the more conventional chart types such as the candlestick and...

How to Develop a Trading Plan

"Risky" means that, like other endeavours in life, you need to plan ahead in order to manage the inherent uncertainty of the markets, and make sure that your risk capital (which, after all, is what allows you to stay in the game) is never depleted. Notional funding, proper position sizing, and discipline are key to this part of the equation.