Thu, Feb 20, 2020 @ 14:11 GMT

GBP/JPY Daily Outlook

EUR/JPY Daily Outlook

EUR/GBP Daily Outlook

EUR/AUD Daily Outlook

EUR/CHF Daily Outlook

EUR/USD Daily Outlook

Companies Warn on China Profits

The stock market rally appears to be losing a little momentum, with Europe paring gains again and the US poised for small losses on...

Will Eurozone PMIs Add Fuel To The Euro’s Carnage?

Preliminary PMI data out of the Eurozone will hit the markets on Friday at 09:00 GMT. Forecasts point to a mild decline in both...

AUD/USD Outlook: Aussie Fall To 11-Year Low After Weak Jobs Data

The Australian dollar accelerated to new eleven-year low (0.6621) on Thursday, after Australian unemployment rose above expectations (Jan 5.3% vs 5.2% f/c and 5.1%...

Dollar Index Reactivates 2-Year Old Uptrend In Overbought Zone

The US dollar index futures cleared the tough ceiling around 99.30 and spiked to a 33-month high of 99.74 on Thursday, re-activating the two-year...

Companies Warn on China Profits

The stock market rally appears to be losing a little momentum, with Europe paring gains again and the US poised for small losses on...

EUR/USD Maintains Consolidation

On Wednesday, the EUR/USD currency pair consolidated near the weekly S1 at 1.0788. During today's morning, the pair maintained its consolidation. Note that the exchange...

GBP/USD Declined Below 1.2900

Yesterday, the GBP/USD exchange rate declined to the 1.2920 level. During Thursday morning, the rate declined below 1.2900. On the one hand, it is likely...

USD/JPY Skyrocketed To 112.00

On Wednesday, the USD/JPY currency pair skyrocketed to the 115.00 level. During today's morning, the pair jumped to the 112.00 mark. On the one hand,...

XAU/USD Trades At 1,610.00

Yesterday, the XAU/USD exchange rate raised to the 1,610.00 level. During Thursday morning, the rate was trading at the given level. From the one hand,...

The Analytical Overview Of The Main Currency Pairs

The EUR/USD currency pair Technical indicators of the currency pair: Prev Open: 1.07909 Open: 1.08043 % chg. over the last day: +0.16 Day's range: 1.07894 – 1.08153 52 wk range:...

JPY Weakens As Coronavirus Case Count Slows Down

JPY weakened against the USD yesterday, as worries about the novel coronavirus eased somewhat and a risk appetite was displayed in the markets. Increased...

Will Eurozone PMIs Add Fuel To The Euro’s Carnage?

Preliminary PMI data out of the Eurozone will hit the markets on Friday at 09:00 GMT. Forecasts point to a mild decline in both...

GBPAUD Hovers Above 20-Day SMA, Still Bullish

GBPAUD is heading up following the rebound on the 20-day simple moving average (SMA) currently at 1.9347. The upside tendency is continuing since July...

UK Retail Sales Beats Expectations, Coronavirus Remains In Focus

Notes/Observations UK Jan Retail Sales data continues string of better data for the country; MoM reading was the best since May 2018) Corinavirus remained...
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Uncontrollable Coronavirus Spread Could Force the Fed to Resume Easing

The FOMC minutes for the January meeting revealed that policymakers remained content about the domestic growth outlook. However, they acknowledged the growing uncertainty emerged...

Haunted by Domestic Weakness and Coronavirus Uncertainty, Euro’s Weakness is Set to Continue

Currently trading at 1.083 against USD, lowest since April 2017, the single currency has plunged -2.4% in the first half of February. This follows...

RBA Minutes Reveal that Members Consider Cutting Rates Below 0.75%, Warn of Coronavirus Uncertainty

In contrast to February’s RBA meeting statement, which demonstrated a less dovish outlook, the minutes revealed that the members considered lowering the policy rate...

RBA Minutes Cast Further Light on the Board’s Thinking

The minutes of the February Board meeting indicate that the Board discussed a rate cut due to the slow expected progress in achieving its...

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...

What Moves FX Markets?

Foreign exchange is one of the most actively traded markets in the world. From its roots in the early 1970s, it has grown to...

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...

Why Trade FX: 7 Key Differences Between FX and Other Instruments

In the first part of this article, we looked at the relationships and investment themes that traders can access using FX. In the second...

A Look at the US Employment Situation Report

Why do I need to know this? I’m a technical trader! Have you ever had one of those trading setups that boasted a staggering amount...

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...

Thinking in Probabilities

Did you know that you do not have to be right each time you interact with the market? Heck, you don't even need to be correct 50% of the time to bank a profit in this business! Once one has mastered a setup with an edge, trading should, to a point, be no more than a repetitive chore. However, because of our natural tendency to always want to be correct, we make trading difficult.

3 Steps to Building a Winning Mindset for Successful Trading

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' of trading.

Accepting Losses and Learning to Trade Forex Systematically

Even the best forex traders in the world have losing trades - losing is a part of trading - but how do you react when you lose? How do you feel? If you're angry or sad; chances are you were risking too much, or taking a trade you knew you shouldn't - or both.

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.

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!

Risk/Reward Ratio

Frustrated with losses? Continuously looking to alter your method? If so, the following article may help. What is risk/reward? Risk is the amount of capital that one...

Exploring the Trend Line

As humans we love to overcomplicate things! While an elaborate trading strategy may impress your family and friends, it is unnecessary to succeed. For those that...

How to Trade Forex Using Fibonacci Retracements

How a centuries-old mathematical sequence can help traders identify entry or exit points in modern markets. What if I told you there is a mathematical...

How to Identify and Trade the Strongest Part of a Trend – Part 1

Technical indicators are often used by traders for a number of reasons, but primarily to detect the changes in the markets. Technical indicators are relied upon for signs of any change in direction, or the momentum in the price of the underlying security as well as volatility in the markets.

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...