4 Things to Remember from the FOMC Statement

After a few days of consolidation, the U.S. dollar index broke to the upside after the FOMC announcement. USD/JPY surged to new highs as it moved past 108.50 while EUR/USD resumed its drop and dipped to a low of 1.2834 during the U.S. trading session.

Deutsche Bank fires rogue forex trader

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A Deutsche Bank foreign exchange trader has been sacked and is under investigation by Australian regulators for inflating trades and costing the investment bank up to $5 million in losses, Fairfax Media can reveal. Deutsche Bank confirmed that former …

Developing a Forex Trading Plan

Having a solid forex trading plan is crucial for long-term profitability, as this should contain your strategies and risk management rules. This should also consist of tried-and-tested approaches that you are comfortable with and that has shown a …

FX Reversals: USDJPY Trades in Pre News Range

The USDJPY has continued to trade in a range prior to today's FOMC news event. This is not surprising, as traders await the feds policy decision before settling on a market bias. It should be noted though that the USDJPY has started the day testing …

Friday's FX Trading Plan

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The disappointing TLTRO didn't trigger a sizeable decline inEUR/USD. The European banks applied only for 82.6B euro in loans from the ECB, while the market expected a reading above 150B euro. Still, markets are rather calm: the euro zone's banks are …