Thu, Feb 20, 2020 @ 14:05 GMT

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...

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 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.

FX Currency Pairs: Majors, Minors, Pairs and Crosses

As with any discipline, the world of FX is full of technical terms and jargon, which to the uninitiated can seem a bit daunting...

A Complete Guide to Fundamental Analysis in Forex

Fundamental analysis in forex is one of the ways to analyze the currency markets. As the name suggests, fundamental analysis is completely different to technical analysis. While technical analysis deals with price and historical price behavior, fundamental analysis focuses on the factors that are driving the prices in the market. Fundamental analysis is widely used in the stock markets and primarily among investors. But it can also be used in a number of other markets, including forex and futures.

Five Tips for Forex Trading With a Full Time Job

"My kids think all fathers work from home" – Marty Schwartz, Market Wizard If your aim is to create a second income through Forex trading,...

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).

Is it Possible to Trade Part Time?

'But out of limitations comes creativity'. Debbie Allen. Every endeavour has its own set of difficulties, with trading being no different! Trading the markets, even if only on a part-time basis, is incredibly challenging, and will, despite what your favourite guru may claim, take time and require a great deal of dedication.

Demo Trading vs. Live Trading

No matter how hard you try, it will be impossible for you to climb up the trading ladder until you've learned how to risk live money. Trading in the live market draws in psychological elements that are generally not experienced in a simulated environment. This, as you'll see throughout the article, is the key difference…

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

In the previous article, we covered the two main reasons why traders often end up losing money. The first being the chase to catch tops and bottoms, which can be lucrative but also comes with big risks. The second mistake being, making use of improper money management techniques or entering a trade too late into the trend.

Learn How to Become a Grade A Student of Forex Trading

Start off strong and ace your forex trading education. Through good forex education, traders can become successful no matter what strategies they apply. To do well in both execution and analysis, you must first learn how to become an efficient and knowledgeable trader. When initially focusing on education, traders can begin to understand the market and learn the best ways to profit from it. For long term success, master forex education to build a healthy and profitable trading career.

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...

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 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.

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 Secret Behind Bearish Trend Reversals

Trader's looking to enter the market are often sent off on a journey to discover the 'holy grail' of market entries. They study numerous theories; Japanese candlestick reversals, contrarian theory, oscillator divergence, wave theory, and others. Traders who are just starting out, put their trust in indicators and oscillators and rely on them make the decisions on when to place an order - and the more indicators/oscillators they discover, the more they add into their strategy.

What is the Best Forex Day Trading System?

Before moving ahead, let's understand what a Forex trading system is. It is basically a method of trading, buying or selling, which is based...