LONDON: Yen powers away on morning trades as investors find entry positions in a weak and feeble euro markets after recent weeks poor macro report. The EUR, GBP and USD, all opened lower from Friday’s trading session as these currencies were seen as riskier haven. The one that has suffered the most ‘bloody nose’ today […]
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Embarking on the journey of daily forex trading doesn’t have to be daunting. In fact, it can be a structured plan designed to simplify your trading experience and lead you to profitable outcomes. In this guide, we’ll unveil four straightforward processes that will not only make your daily trades easier but also enhance your chances
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Euro recedes to 40 pips range amid low volatility. The euro has seen a bearish week as it emerge from last Friday’s stalemate with London. With investors looking for safe haven in other currencies like the dollar and sterling, most traders could say they saw it coming. As the euro has fallen into the range
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Tremour in the euro forex market today as the German Factory Order falls below par in Germany. The fallen German factory orders sent shock waves through the forex market as traders ponder on Euro zone economy. Is this a sign of the Euro bloc economy slipping back into recession again? The news of the fallen
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Unemployment rise in US to 9.8% in November is the highest level since April, 2010 according to the US Labor Department this morning. Thus raising further doubts about the strength of the US economic recovery that has waned on the market. Last month US private companies could create a mere 39,000 jobs as compared to
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GBPUSD falls on trade balance today. The pound sterling went on a free fall again as UK’s trade balance fails to make market expectation. The forex market gave the pound sterling, a bloody nose on every sterling, GBP pair and crosses across board today as report of trade balance with the rest of the world
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The Average Directional Movement Index (ADX) is a technical indicator that determines the stamina of a trend. While the sign itself doesn’t provide an understanding right into the instructions of the trend, the Directional Motion lines can be utilized to establish if the marketplace goes up or down. The ADX can returns a value between
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GBPUSD risks sentiment rises to 1.70 mark today. Until recently, the only risk worth taking was selling cable, GBPUSD. Was that still your view? Not any more – at least for now. At least not from the forex marketplace. The last few days have seen the risks appetite risen to level that there is a
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Winning Trades Winning Habits, Is That Why We All Trade? Trading in financial markets can be exhilarating yet equally challenging. While many traders focus on strategies, indicators, and market analysis, one fundamental aspect often overlooked is patience. Patience is not merely a virtue in trading; it’s the cornerstone of consistent success. In this article, we
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Winning trades are borne out of winning habits. You cannot build winning habits unless you make conscious decision to do it. Period. No great trader has ever built a winning habit without first hatching out a simple trading plan. You have to see it to receive. Haven’t you heard of this phrase in business: “Failing
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