Sun, Jul 05, 2020 @ 18:06 GMT

Markets Welcome Solid Economic Data and Ignored Coronavirus Numbers

Markets looked rather indifferent to the resurgence of coronavirus infections. Daily new cases surged to new high above 200k. Total cases broke 11m while...

EUR/USD Weekly Outlook

USD/JPY Weekly Outlook

GBP/USD Weekly Outlook

USD/CHF Weekly Outlook

AUD/USD Weekly Outlook

USD/CAD Weekly Outlook

The Weekly Bottom Line: Rising Infections Pose a Challenge to Economic Recovery

U.S. Highlights Green shoots continued to emerge in the economic data. The U.S. gained 4.8 million jobs in June (better than expected). Meanwhile, the...

Forward Guidance: US Virus Resurgence a Cautionary Tale amid Increasingly Positive Economic Data

Expect another job gain in next week’s Canadian employment report – the latest green shoot to peek through the gloom in the early days...

Week Ahead: As Good as It Gets?

US Non-Farm Payrolls data released on Thursday showed an increase of +4.8 million jobs for the month of June vs an expectation of +3.0...

RBA to Stay Put as Flare-Up Threatens Australia’s Envious Virus Record

The Reserve Bank of Australia is almost certain to keep monetary policy unchanged on Tuesday when it announces its decision at 4:30 GMT. Australia...

The Weekly Bottom Line: Rising Infections Pose a Challenge to Economic Recovery

U.S. Highlights Green shoots continued to emerge in the economic data. The U.S. gained 4.8 million jobs in June (better than expected). Meanwhile, the...

Forward Guidance: US Virus Resurgence a Cautionary Tale amid Increasingly Positive Economic Data

Expect another job gain in next week’s Canadian employment report – the latest green shoot to peek through the gloom in the early days...

Week Ahead: As Good as It Gets?

US Non-Farm Payrolls data released on Thursday showed an increase of +4.8 million jobs for the month of June vs an expectation of +3.0...

Week Ahead – Economic Reopening Continues

Country US Most of the attention in the US will remain around the spread of the coronavirus across the Sunbelt and whether more states are forced...

RBA to Stay Put as Flare-Up Threatens Australia’s Envious Virus Record

The Reserve Bank of Australia is almost certain to keep monetary policy unchanged on Tuesday when it announces its decision at 4:30 GMT. Australia...

Week Ahead – Markets Torn Between Conflicting Narratives

The coming week looks relatively quiet in terms of crucial events, with the only highlights being the Reserve Bank of Australia (RBA) policy meeting...

Weekly Economic and Financial Commentary: Waves of Data Headed into Independence Day Weekend

U.S. Review Waves of Data Headed into Independence Day Weekend Total payrolls rose by 4.8 million and the unemployment rate fell to 11.1%. Another step...

Sunset Market Commentary

Markets Trading developed under lower-than-normal volumes today. US cash markets are closed in observance of (early) Independence Day, leaving European investors on their own. There...

US 30 Index Attempts To Keep Recent Gains Intact

US 30 stock index (Cash) is resting on the 100-period simple moving average (SMA) at 25,790, merged with the upper surface of the Ichimoku...

GBPUSD Holds Inside Ichimoku Cloud After Bullish Cross Within SMAs

Technical Analysis – GBPUSD holds inside Ichimoku cloud after bullish cross within SMAsGBPUSD advanced above the falling trend line, that had been holding since...
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FOMC Minutes: Changes in Forward Guidance and Asset Purchases could Come in September

The FOMC minutes for the June meeting revealed that the members had rigorous discussion about forward guidance, asset purchases and yield curve caps/targets. We...

Policy Divergence Continues to Support AUDNZD Strength

Both Australian dollar and New Zealand dollar have outperformed other G7 currencies over the past two months, as investors expressed their confidence to global...

PBOC to Ease Less Aggressively as Debt Problems Intensify after Months of Liquidity Injection

The phenomenon of rising interest rates since early May appears contradictory to Chinese government’s commitment to maintain “liquidity at a reasonably ample level”. PBOC's...

Resurgence in COVID-19 Threatens to Derail the Recovery

New case growth and hospitalizations appear to be accelerating primarily in the Sun Belt. Even without new lockdowns, the economic toll from acute COVID-19...

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...

Including Fundamental Analysis In Your Trading

Do you remember the first time that you came across the financial markets, or more specifically, forex trading? Unless you had a keen interest in economics, it's highly likely that you were almost immediately drawn to technical analysis (T.A). Those attractively colourful indicators, pin-point accurate support/resistance lines and rumours of other technical traders trading for a living, is usually enough to lure the majority of newcomers into this category. There is, however, another technique used to analyse the markets: fundamental analysis (F.A).

Trading Safe Haven Assets

Where does money flow in times of financial stress and why? Safe haven assets are financial instruments or commodities that investors turn to in times...

The Trader’s Guide to Eurodollar

What is Eurodollar? Quite simply, eurodollar (also known as EURUSD), is the exchange rate between the currencies of the world's two largest economies when measured...

What is Forex Trading?

There are some things that knock you for six when you hear them, and this is generally the case when one first encounters the foreign exchange markets, or 'forex' for short. Followed by the credit (debt) market (think US government bonds, notes and bills here), forex is the largest, most liquid market on the planet - an immense auction house which has a daily turnover of $5.1 trillion (according to the 2016 Triennial Central Bank Survey of FX and over-the-counter (OTC) derivatives markets). Forex is a globally decentralized marketplace, which simply means that there's no central exchange or physical location. It Operates around the clock five days a week, with the action beginning in Wellington, New Zealand and closing on Friday evening in New York, essentially allowing one to pick and choose when to trade.

Is it Real to Earn on Forex Without Investments?

A currency speculation is the basis of earnings on Forex. That is traders trade according to a simple principle "buy cheap, sell expensive". The...

Five Common Trading Mistakes and How to Overcome Them – Part I

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 not, traders tend to end up making mistakes which often can be decisive between increasing your bottom line trading equity and erasing your gains completely. No matter how good a trader you are, here are five most commonly made trading mistakes along with some suggestions on how one can avoid or deal with them more objectively.

How Long Will it Take Before I Can Expect Consistency?

We understand that this is a perfectly natural question, especially for newer traders. Unfortunately, it is difficult to answer. To a degree, we believe it depends on the person who is doing the asking. With that in mind, let's have a look at some of the key points relating to this subject…

How to Simplify your Forex Trading

It’s entirely possible to trade profitably using just our eyes, charts, and grey matter as “hunting” for setups can cause more pain than gain....

5 Common Trading Mistakes and How to Avoid Them

Forex Trading is definitely not rocket science. Simple and subtle guidelines can allow aspiring traders to progress up the learning curve and become consistent in a relatively short period of time. These very guidelines have worked for centuries. Back in the early 1900s, Jesse Livermore used the exact same guidelines to make his fortune.

What Does Fearful Money Mean to Traders?

Fearful money, or as we like to refer to it as ‘hot money’, is capital that a trader has a strong emotional attachment to....

Forex Day Trading Strategies and Tips

Intra-day trading is a set of Forex day trading strategies that demand opening and closing trades on the same day. Considering that markets can...

Pivot Points: Are They a Worthy Addition to Your Toolbox?

For one to say that support and resistance (S/R) is important would be a huge understatement. It’s absolutely crucial! We would even go as far...

How to Identify and Trade the Strongest Part of a Trend – Part 2

In the previous article, we looked at how traders can ignore the moving average and instead focus on just the Average Directional Index (ADX) and the Moving Average Convergence and Divergence (MACD) indicators to determine the trend strength.

Supply and Demand Trading

In the following article, our objective is simple:  to try and shed some light on how one can trade supply and demand on a...

Trading the Gartley harmonic pattern

The harmonic domain is a bizarre, yet intriguing, phenomenon for most traders. While some dismiss the approach entirely, others are unable to trade without it. Despite...