USD/CAD Loses NFP-Inspired Rally amid Higher Energy Prices
The North American currency pair back was on its heels Monday, as rebounding energy prices and better than expected Canadian housing starts supported the Canadian dollar. The USD/CAD declined more than half a percent to 1.2454. Initial support is likely found at 1.2417 and resistance at 1.2589. The pair rebounded on Friday after the United States Department of Labor said nonfarm...
The Wonderful World of Spread Betting
Do you have a feel for the stock market but no wish to deal with brokers, tax calculations and other complexities? Spread betting might be for you, but you should read a little about it first. The risky practice involves getting exposure to price action without putting money down, a dream for many quick and casual traders. Spread betting has...
EUR/USD Holds Ground as Political Tensions Escalate
The euro was little changed against the US dollar on Monday, trading above 1.13 cents US ahead of the European Union meetings in Brussels. The meetings, which will be held on Wednesday, will be attended by newly appointed Greek Prime Minister Alexis Tspiras and German Chancellor Angela Merkel. The EUR/USD climbed 0.06 percent to 1.1326. The pair is likely supported...
How Do Central Banks Affect Exchange Rates
We all know that central bank decisions are some of the most influential occurrences on the forex markets, but how do the actual mechanics work? When the Bank of Japan lowers interest rates, the SNB stops buying Euros, or the ECB starts buying bonds, what's going on? Here we're going to have a look at the basic mechanics that cause...
A Trader’s Guide to The IMF
The International Monetary Fund is one of the most important market movers out there. Its actions have caused turmoil on the markets in recent years, and since its inception. Few traders understand the importance of the institution, however, and fewer still are able to predict its effects on the world markets. This guide takes a look at the IMF from...
Canadian dollar rebounds sharply as oil prices rise
The Canadian dollar advanced on Monday as oil prices continued to rally, while US consumer spending declined at the sharpest rate since 2009 and manufacturing activity softened. The loonie, as the Canadian dollar is known, rose 0.8 percent to 0.7941 US, erasing Friday’s losses. The USD/CAD exchange rate tumbled more than 100 pips to 1.2590. The pair faces initial support...
Betting on The Black Swan: Getting Rich The Impossible Way
Nassim Nicholas Taleb is a trader and a philosopher. His books about the way people think about probability have been obscenely influential, and trading strategies based off of his ideas are becoming an indelible part of the market. His strategies center around the idea of the “black swan,” an event that's incredibly unlikely to happen according to the models but...
6 Central Banks That Rule Forex
The role of central banks in deciding exchange rate levels cannot be overestimated. If you want to trade currencies you need to understand what a central bank is, and how it controls exchange rates. The actions of these institutions drives the day to-day fluctuations in the forex markets, but who are they, and how do they work? Here's a look...
USD/CAD Weekly Outlook
The USD/CAD advanced for a tenth consecutive week last week, climbing to a nearly six-year high of 1.2794. The pair gained more than 9.5 percent in January, as the Canadian dollar continued to struggle with plunging oil prices and a shaky domestic recovery. The USD/CAD was trading at 1.2700 in Monday’s early Asian session, as investors set their sights on...
Euro rallies as technical trading outweighs German deflation
The EUR/USD rallied on Thursday, as technical trading sent the pair higher amid mixed economic data from Germany. The EUR/USD regained 1.13 and climbed to an intraday high of 1.1367. It would later consolidate at 1.1320 in the North American session, advancing 0.4 percent. Initial support is likely found at 1.1253 and resistance at 1.13355. The EUR/USD could sustain a...
US dollar continues higher as Fed pledges patience toward raising interest rates
The US dollar advanced against a basket of currencies Wednesday, as the Federal Reserve conveyed optimism that inflation would gradually reach its target in the medium-term despite pledging to be patient on raising interest rates. The US dollar index – a weighted average of the greenback’s performance against a basket of six currencies – climbed 0.33 percent to 94.33. The...
Who Really Moves Wall Street? The Top 10 Trading Firms Revealed
Just a few days ago, Goldman Sachs revealed that its trading revenues were at lows not seen since 2005. The company, which is the most reliant of all the big banks on trading revenue is suffering as a result, but it's not the only one having trouble. Trading revenues are falling all over Wall Street. But what exactly does trading...
Top 10 Web Investment and Trading Resources
Want to lose money? The internet is full of trading ideas that will help you do just that. What you need is not to be told what to do, but to get advice that will allow you to think for yourself. To meet this end we've put together a list of ten resources that you will need to make...
Copy Trading Rules Clarified By FCA UK
The Financial Conduct Authority of the UK has released a clarification on the nature of copy-trading services like eToro and the kind of permissions that platforms will need in order to carry out the practice in the country. Copy trading is a relatively new type of investment that allows investors to release their trades publicly and have other traders follow...
Swiss Franc Black Swan and the Hedging Volatility of the Global Economy
A black swan event is a term coined by Nassim Nicholas Taleb and it works as a metaphor that describes an event that comes as a surprise and has major consequences. These kind of events are rare and its occurrence deviates beyond what is normally expected of a situation and can create substantial damage and chaos. Black Swans without any...
Forex Trading Platform: case of cTrader
The cTrader platform, designed for Forex traders, is an insightful and precise, and user-friendly platform designed by Spotware. It offers top-level liquidity and a vigorous trading structure into the platform, with a fast and smart ECN connection. A fast ECN connection is what gives clients the edge when they compete in a cut throat Forex environment. Here are some of the benefits of cTrader: A...
Global Currency Forecast for 2015
The Global Currency Forecast 2015 by Scandinavian Capital Markets (SCM). The outlook for the EURUSD in 2014 was for the prices to move within a 1.2753-1.4225 zone with a downside break of 1.2753 favoring further price decline to 1.2319 followed by 1.2185, and 1.2050. The range for EURUSD in 2014 was 1.2096-1.3992 and the pair closed at the low of 1.2096...
Guide to Trading and Gamification Part 2
Continuing from where we left with the first part, the second part will focus on different examples of online trading and gamification integration and some investor based games to give you a better idea. We have already discussed the advantages of using gamification techniques in online trading and also briefly discussed the point of view of the critics. If...
