Sun, Mar 29, 2020 @ 15:45 GMT

CFTC Commitments of Traders – US Dollar Remained Firm again Major...

The reporting period was ahead of Fed's announcement of QE infinity. During the week, US dollar rallied against major currencies. Although the Fed announced...

EUR/USD Weekly Outlook

USD/JPY Weekly Outlook

GBP/USD Weekly Outlook

USD/CHF Weekly Outlook

AUD/USD Weekly Outlook

USD/CAD Weekly Outlook

Canadian Dollar Weakened but Not Headed for Historical Lows

Canadian dollar traded below 70 cents this week, but don't dust off “Northern Peso" references 2019 was an unusually quiet and stable year for the...

Weekly Economic and Financial Commentary

U.S. Review Virus Shutdowns Begin to Show Up in the Data The U.S. surpassed Italy and China with the most confirmed cases of COVID-19. Europe...

The Weekly Bottom Line: Fiscal Stimulus on the Way as US COVID-19 Cases Surpass China

U.S. Highlights Another eventful week for financial markets as they digested the news that Congress had agreed to a giant $2 trillion relief bill. ...

Forward Guidance: Near-Term Layoffs to Accelerate – But Will Virus Cases?

The week past has seen eye-popping layoff numbers in both Canada and the US with reports that almost a million jobless claims were filed...

Forex Forecast and Cryptocurrency Forecast

First, a review of last week's events: EUR/USD. The pair's flights in recent weeks can be compared to aerobatics: first, an almost vertical takeoff up...

Canadian Dollar Weakened but Not Headed for Historical Lows

Canadian dollar traded below 70 cents this week, but don't dust off “Northern Peso" references 2019 was an unusually quiet and stable year for the...

Weekly Economic and Financial Commentary

U.S. Review Virus Shutdowns Begin to Show Up in the Data The U.S. surpassed Italy and China with the most confirmed cases of COVID-19. Europe...

The Weekly Bottom Line: Fiscal Stimulus on the Way as US COVID-19 Cases Surpass China

U.S. Highlights Another eventful week for financial markets as they digested the news that Congress had agreed to a giant $2 trillion relief bill. ...

Forward Guidance: Near-Term Layoffs to Accelerate – But Will Virus Cases?

The week past has seen eye-popping layoff numbers in both Canada and the US with reports that almost a million jobless claims were filed...

Week Ahead: The “New Normal”

We have been seeing moves of 2%, 5% and even 10% in trading products across the board as volatility picks up amid the spread...

BoC Slashes Rates to 0.25%

Yet another Central Bank holds an emergency meeting and cuts interest rates.  It seems like it was only a matter of time before the...

Week Ahead – China and US PMIs Eyed for Virus Impact; NFP Report Poses Threat to Relief Rally

The global crisis from the coronavirus pandemic has produced much turmoil in financial markets even though economic data on the impact has so far...

Weekly Focus: Economic Toll of the COVID-19 Becomes Evident

This week has seen mixed news on the coronavirus outbreak front. On the positive side, Italy seems to have passed the peak in...

Cliff Notes: A Global Crisis and Stimulus of Historic Proportions

Key insights from the week that was. This week, historic negative economic outcomes were seen in both Europe and the US. Financial markets instead focused...
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Canadian Dollar Weakened but Not Headed for Historical Lows

Canadian dollar traded below 70 cents this week, but don't dust off “Northern Peso" references 2019 was an unusually quiet and stable year for the...

Bank of Canada Brings Policy Rate Back to Crisis Low

The Bank of Canada cut its policy interest rate a further 50 basis points, to 0.25% (from 0.75%), in another inter-meeting cut. The...

Global Central Banks Rushed to Stimulus Amidst Limited Monetary Policy Tools

As the coronavirus pandemic could very likely lead the world to recession, global central banks have rushed to inject liquidity through rate cuts another...

Forecast Update: A Much Deeper Contraction

Executive Summary The rapidly evolving COVID-19 outbreak and the steps that authorities around the world have taken to combat it have caused us to rethink...

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...

Trading Decisions: What’s the “Best” Price to Apply?

Traders who base their trading decisions on technical analysis tools will ultimately face a few dilemmas when it comes to choosing the “best” price...

Times To Trade

Trading the OTC (over the counter) currency markets offers an opportunity to hedge stock and bond investing, but really is more of a traded...

Why Is Forex Trading Illegal in Some Countries?

Forex Financial Currency Exchange is the largest and most far-reaching market in the world, which gives many traders a chance to start a successful...

How Much Money You Need to Start Trading on Forex

One of the most common complaints about Forex is the high barrier of entry. With a value of a standard lot being 10 000...

What Currency Pair is the Most Difficult to Trade?

If you were to look into any Forex trading guide, you’d get a recommendation to trade on major currency pairs only — at least...

The Psychology of Placing Your First Trades: Forex Trading for Beginners

We all know that if we want to get good at something, you can't beat experience. Just like an elite athlete, you can have the best coach and training in the world, but it's on the playing pitch where you learn the most. The trader is forged in the fire of battle, and that is where you need to be if you want to gain mastery.

Should You Let Your Trades Stop Out?

When to exit your trade is actually something of a controversial subject. There are some traders who insist that stop losses are there to...

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....

Mastering Risk Management within Forex Trading: Professional Techniques Simplified

Risk management is a phrase traders love to hate. It's the first thing new Forex traders are taught, and it's the first thing they ignore. No matter how much the pros emphasise risk management, the new trader is too easily distracted by the lure of their charts. There's no stopping the train.

Five Tips on Choosing a Forex Signals Provider

Using a forex signals provider can be exciting for some. For others, having used a forex signals service already and having met with some disappointments, one can get skeptical about using such a service already. This brings the question whether one should use a forex signals service. It also prompts the question whether a forex signals provider can generate profits or equity growth for you.

How to Trade Using Oscillators

Using oscillators is very prominent in the world of trading, whether you are just beginning or have been trading professionally for years. Oscillators are based on math formulas and are categorized as inductive statistics. In forex, they make up a vital part of technical analysis since they are used to confirm market trends, signal when a trade is being overbought or oversold under extreme conditions, and also inform the trader when the market's movement is about to reverse due to loss of momentum.

Why Do Support and Resistance Levels Break?

Support and resistance levels or supply and demand levels are the backbones of technical trading. Regardless of the type of technical analysis methods used, be it an indicator based trading system or a price action based trading system, support and resistance levels plays a crucial role.

How to Use the RSI Indicator in Forex

What is RSI? RSI or Relative Strength Index (often referred to as RSI 14) is an indicator designed to track and compare the current price...

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 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.