Wed, Jan 16, 2019 @ 15:33 GMT

Sterling Firm in Tight Range as Focus Turns to PM May’s...

The forex markets are rather quiet today. Sterling, US Dollar and Canadian Dollar are the stronger ones The Pound is supported by increasing chance...

EUR/USD Mid-Day Outlook

GBP/USD Mid-Day Outlook

USD/JPY Mid-Day Outlook

USD/CHF Mid-Day Outlook

GBP/JPY Daily Outlook

EUR/JPY Daily Outlook

EURJPY Fails to Jump above Narrow Range; Bearish in Medium-Term

EURJPY has been moving within a sideways channel over the last couple of weeks with upper boundary the 125.05 resistance and lower boundary the...

China Notes: Weak Car Sales Should Be Taken With A Grain Of Salt

With all the talk about weak car sales in China, we highlight the charts below. It is true that car sales are down a...

PM Faces Confidence Vote After Brexit Deal Rejected In Historic Defeat

So, Theresa May's Brexit deal was overwhelmingly rejected by parliament last night with 230 votes and we are back to square one. A motion...

Pound Steady After May Defeat, Focus On No-Confidence Vote

Investors were thrown onto an emotional roller coaster ride yesterday evening as Sterling rallied across the board despite Theresa May’s historic Brexit defeat in...

WTI Oil Outlook: Extended Triangular Consolidation Looks for Fresh Direction Signal

WTI oil stands at the back foot in early US trading on Wednesday, after recovery attempts in Asian session which peaked at $52.50, were...

USD/JPY Remains Biased To The Upside On Corrective Recovery

USDJPY remains biased to upside on corrective the holds on to its recovery as we expect more strength. On the upside, resistance comes in...

Sunset Market Commentary

Markets Global core bonds lost ground today as investor sentiment remained constructive. Yesterday’s UK Brexit vote was already discounted. In the meantime, China repeated its...

GBPAUD Surpasses SMAs, Paring Losses in Short Term

GBPAUD is advancing above the 20-simple moving average (SMA) today in the daily timeframe, approaching the 23.6% Fibonacci retracement level of the upleg from...

Canadian Dollar Yawns as Investors Look for Cues

The Canadian dollar continues to have an uneventful week. In Wednesday’s North American session, the pair is trading at 1.3263, down 0.03% on the...

EURJPY Fails to Jump above Narrow Range; Bearish in Medium-Term

EURJPY has been moving within a sideways channel over the last couple of weeks with upper boundary the 125.05 resistance and lower boundary the...

DAX – Bank Shares Jump after Brexit Vote

The DAX index posted gains in Wednesday’s Asian session, only to lose these gains in European trade. Currently, the index is at 10,892, up...

EUR/GBP Outlook: Bears Look for Daily Close Below Key 200SMA/Fibo Supports to Resume

The cross extends lower and probes below key supports at 0.8871/60 (daily cloud base / 200SMA on Wednesday. Bearish candle with long upper shadow...

China Notes: Weak Car Sales Should Be Taken With A Grain Of Salt

With all the talk about weak car sales in China, we highlight the charts below. It is true that car sales are down a...

Earnings Season And UK Vote In Focus

US investors eye earnings season Most European markets are trading slightly in the green early in the session on Wednesday, with the FTSE being the...
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PM May’s Brexit Deal Rejected. What Next?

The UK Parliament rejected the Brexit deal (Withdrawal Agreement) proposed by PM Theresa May at 432 to 202 votes. The 230- vote margin marks...

Brexit Monitor: The Waiting Game – Brexit Edition

As widely expected, PM Theresa May’s Brexit deal failed in the House of Commons. The defeat, however, was bigger than expected, 432 against versus...

FX 2019 – EUR’s Upside Limited by Growth Deceleration and Political Risks

GDP growth should have moderated in 4Q18 and would remain lukewarm 1H19. Although the Italian government eventually backed down in the budget plan, political...

Do Equity Markets Predict Recession?

Highlights On the back of weakening global growth and downgrades to the corporate profit outlook, equity markets are down significantly from 2018 highs. With...

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...

Gold Trade Specifications Every Trader Must Know

While traders tend to focus more on trading strategies for gold, the trade specifications which are actually very important are often given least priority. In this article, learn about the trade specification requirements and details for trading gold at Orbex.com

Five Factors that Drive FX Prices

1) Perceptions about the Future Path of Interest Rates These are perhaps the most classical of all the drivers of Forex rates. Long-standing economic doctrines...

What Is the GDP Report and How It Impacts Forex Markets

GDP or Gross Domestic Product represents the total monetary value of goods and services produced over a specified period of time in a country. In other words, GDP measures the overall productivity of a country's economy and is used to measure the level of growth and the economy's health in general.

What’s Better, Forex or Stock Trading?

Many people often ask the question as to whether forex trading is better than stock trading or vice versa. The question is like comparing...

Inside the Forex Market: Searching for Black Swans?

The term itself refers to an event which occurs well beyond the boundaries of what is typically expected and, therefore, represents a catastrophic surprise. The unexpected and random nature of black swan events makes them extremely difficult to predict. Given the difficult nature of anticipating these events, Taleb suggests it is important for people to always be aware that such dramatic events can happen and to focus on their risk management, protecting themselves.

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.

Don’t Let Your Doubts Prevent You from Trading Successfully

Many traders come in the Forex market to get easy and fast earnings. But instead of the desired profit, they lose their deposit in...

The 3 Core Principles to Improve Your Trading

Simplicity is best in just about anything, but as humans making things complex is what we do best. Forex trading is no different either....

What Can We Learn from Successful Traders?

Although at times trading can seem like banging one’s head against a wall, there is light at the end of the tunnel. There are traders...

Apply the Best Mindsets for Efficient and Enjoyable Trading

An optimal mindset is key to achieving efficient and enjoyable trades. With a volatile forex market, traders need a reliable mindset to manage all trading activities. By obtaining a strong and optimistic mental attitude, you can properly accomplish trades and vital tasks for success. Applying the right mindset allows a focused way of thinking that can minimize anxiety and reduce the chances of emotional trading. To have a healthy outlook towards the forex market, practice the best mindsets for optimal forex trading.

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...

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...

Forex Price Action Techniques -Trading the Doji Candlestick

Forex price action, as one might have guessed now is a rather broad term and is, in fact, an umbrella term with various approaches...

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...

Using Fibonacci Levels in Your Trading

An Italian mathematician who went by the name of Leonardo Pisano, or Leonardo of Pisa, was perhaps the most talented western mathematician of the...