Of EAs and their losses…where My Fx system wins @LEGIT WINS FX SYSTEM


One of the biggest fails of EAs is there incessant lack of knowledge on a qualitative,both arithmetic and Logarithmic scale to know when not to take a loss.That is why brokers encourage automated trading.This is an algo with no second thought closes a trade which with patience would have been a good trade .But we … Continue reading Of EAs and their losses…where My Fx system wins @LEGIT WINS FX SYSTEM

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Dollar Dips, Havens Rise on Fears over Trade, Iran


The dollar was marginally lower in early trading in Europe on Wednesday after concerns about the escalating trade war between the U.S. and China caused another day of sharp losses in global stock markets. The risk-off sentiment has been reinforced by Iran’s announcement that it will stop implementing “some commitments” under the UN-approved 2015 nuclear … Continue reading Dollar Dips, Havens Rise on Fears over Trade, Iran

Dollar Steadies Ahead of Fed; China Trade Deal Inches Closer


https://youtu.be/ZafVQdR3JN4 Public holidays and the approach of the Federal Reserve’s monetary policy statement are keeping a firm lid on foreign exchange movements early Wednesday, with the euro holding on to most of its gains after a stronger-than-expected first quarter GDP report on Tuesday. click here to join EGM With Japan and much of Europe closed, … Continue reading Dollar Steadies Ahead of Fed; China Trade Deal Inches Closer

GBP/USD Bullish Structure Targets 1.2960-65


The thematic of USD strength does not look like it's going to go away anytime soon if one judges by the weekly closes achieved in the DXY and EUR/USD. It was such a pity that the bullish close outside a well -defined 6.70-75 range could not be replicated in the USD/CNH. The positive US GDP Q1 headline number hides underlying softness … Continue reading GBP/USD Bullish Structure Targets 1.2960-65

Dollar Drifts After Fed’s Evans Hints at Long Rates Pause


© Reuters. Investing.com -- The dollar was still trading sideways in early trading in Europe Tuesday, after dipping late Monday on the back of comments from the Federal Reserve’s Charles Evans suggesting that there will be no change in interest rates for over a year. Evans, president of the Chicago Fed, told CNBC that he … Continue reading Dollar Drifts After Fed’s Evans Hints at Long Rates Pause

Dollar Lower on Trump Tirades, Risk-Friendly Backdrop


The dollar was slightly lower in early trading in Europe Monday, as risk assets around the world benefit from last week’s events that included an encouraging start to earnings season in the U.S. and further signs that the Chinese economy is regaining momentum. At 04:00 AM ET (0800 GMT), the euro was up 0.1% from late Friday … Continue reading Dollar Lower on Trump Tirades, Risk-Friendly Backdrop

Goldman Pushes Back Fed Hike Forecast to 4Q 2020 From 1Q 2020


(Bloomberg) -- Economists at Goldman Sachs Group Inc (NYSE:GS). have pushed back their forecast for the Federal Reserve to raise interest rates amid low inflation and political scrutiny of the central bank’s decisions. The U.S. bank now expects the Fed to hike in the fourth quarter of 2020 from the first quarter. The shift comes even as … Continue reading Goldman Pushes Back Fed Hike Forecast to 4Q 2020 From 1Q 2020

U.S. Dollar Flat After Fed Minutes; Euro, Pound Edges Up on Brexit News


U.S. Dollar Flat After Fed Minutes; Euro, Pound Edges Up on Brexit News The U.S. dollar was flat on Thursday after the release of the Federal Reserve’s March meeting minutes. The U.S. dollar index that tracks the greenback against a basket of other currencies last traded at 96.523 by 1:40 AM ET (05:40 GMT), down 0.04%. The … Continue reading U.S. Dollar Flat After Fed Minutes; Euro, Pound Edges Up on Brexit News

Anycoin Direct now accepts credit card payments on their platform


Benefits of accepting Credit Cards Implementing Credit Card payments was a logical step forward for Anycoin Direct. They want to provide the best service possible and this includes offering a wide variety of payment options. Another reason to accept credit card payments is the fact that there is a strong demand for it within the … Continue reading Anycoin Direct now accepts credit card payments on their platform

Bitcoin price analysis: BTC/USD bulls are back, $5,300 is within reach


© Reuters. Bitcoin has been able to sustain an uptrend above the trendline since the surge on April 2.The ongoing bullish momentum is likely to test $5,300. BTC/USD is in the green once again following a day of retracement where it tested the support at $5,200. At press time, Bitcoin is dancing with $5,253 and trending higher … Continue reading Bitcoin price analysis: BTC/USD bulls are back, $5,300 is within reach

ECB remains on high alert – ING


Carsten Brzeski, chief economist at ING, explains that the content of the ECB’s introductory statement and the ECB’s assessment of growth and inflation outlook had remained basically unchanged from the March meeting, as the bank remains on high alert. https://youtu.be/kXFj4khfaL8 Key Quotes “The main interest was on whether the ECB would give away any new details of … Continue reading ECB remains on high alert – ING

The Beginner’s Guide to Chart Patterns -Felix Oluoch Fx


To the uninitiated, a chart is just random noise. To a trader, it’s a precise portrait of the past. By isolating and analysing chart patterns, we can use this “noise” to plan high probability trades. No matter what currency pair you’re observing, every pattern says something profound about the mood of the market. In a … Continue reading The Beginner’s Guide to Chart Patterns -Felix Oluoch Fx

Why the focus is on the Treasury yield curve by Felix Oluoch Fx


Why the focus is on the Treasury yield curve by Felix Oluoch Fx US 10 year Treasury yields touched a 14-month low in late March as concerns mounted regarding the trajectory of the Federal Reserve. This article is for you if you have been reading about the inverted yield curve in US Treasuries, but haven't really understood what it … Continue reading Why the focus is on the Treasury yield curve by Felix Oluoch Fx

Sterling jumps on rumours of possible time limit to Irish backstop


Cable moved up from 1.3060 levels to a high of 1.3122 And price is now looking to hold above the 1.3100 handle with the near-term move also looking to hold a break above the key hourly moving averages. That would put the near-term bias in the pair to being more bullish.I'm still a bit skeptical … Continue reading Sterling jumps on rumours of possible time limit to Irish backstop

AUD/USD reaches its highest level since 21 March


AUD/USD reaches its highest level since 21 March The high today is at 0.7149 as the aussie continues to stay buoyed with traders citing exporter demand for hedging requirements being one of the reasons boosting the commodity currency today. But technically, price contended with a break of the 0.7130 level yesterday and finally found it … Continue reading AUD/USD reaches its highest level since 21 March

MACD [moving average convergence divergence]


Moving Average Convergence Divergence or MACD MACD is Moving Average Convergence Divergence, and it is used in technical analysis of stock price for the trading indicator. It was created in late nineteen seventy’s (1970 s) by Gerald Appel. In a market of stock price, it is supposed to reveal different changes in the strength, direction, … Continue reading MACD [moving average convergence divergence]

MT4 VS MT5


MetaTrader In this article we will see several important goals:Learn MetaTrader 4 platform.See all tools of MT4 platform.MetaTrader 4 vs. MetaTrader 5Which platform to use ?Learn advantages of MetaTrader 4 and MetaTrader 5 platform. See MT4 vs. Mt5 infographics.Compare MetaTrader 5 added functionality and MetaTrader 4 simplicity. MetaQuotes is a software development agency that is … Continue reading MT4 VS MT5

Dollar Stuck in Range As China Trade Deal Pushed Back


The dollar is settling into a tight range early Friday in Europe ahead of the all-important U.S. employment report,due at 08:30 AM ET (12:30 GMT). The U.S. currency received only a short-lived boost from statements by President Donald Trump which indicated that a trade agreement is still at least four weeks away and gave no details … Continue reading Dollar Stuck in Range As China Trade Deal Pushed Back

Dollar Edges Lower as Euro Shrugs Off German Orders Slump


https://youtu.be/DjZKd4hEwHw The dollar is a little weaker in early trading in Europe Thursday as the euro shrugs off a disappointing set of factory orders in Germany that bode ill for a quick turnaround in the euro zone’s largest economy. New orders to German manufacturers fell by 4.2% in February, the biggest monthly drop in two years, with … Continue reading Dollar Edges Lower as Euro Shrugs Off German Orders Slump

Dollar Extends Gains On Mixed Data


he US dollar index managed to hold on to the gains amid a mixed batch of economic reports. Retail sales fell 0.2% in February unexpectedly, while the ISM’s manufacturing PMI rose to 55.3 during the month. Construction spending data also came out stronger than expected. The dollar index rose 0.1% as it advanced closer to test a three-week high. Euro Slips as Inflation … Continue reading Dollar Extends Gains On Mixed Data

Pound Rally Forecasts Pegged to Brexit Deal May Be Too Optimistic


Analysts expecting the pound to rally more than 5 percent on a market-friendly Brexit resolution may be too optimistic. A Bloomberg survey shows currency strategists are looking for sterling to rally to $1.38 should U.K. Prime Minister Theresa May manage to pass her deal through Parliament Friday. Some are forecasting a move above $1.40 by the end … Continue reading Pound Rally Forecasts Pegged to Brexit Deal May Be Too Optimistic

Dollar Finds Footing as Sterling Slumps Ahead of Fresh Brexit Vote


The U.S. dollar jumped against its rivals Thursday, shrugging off data pointing to a slowing domestic economy, as a tumble in the pound offered support. U.K. lawmakers are now set to vote on part of the prime minister's Brexit deal after yesterday's voting bonanza on a range of options for Brexit all failed to break … Continue reading Dollar Finds Footing as Sterling Slumps Ahead of Fresh Brexit Vote

Dollar on The up


The dollar rose on Thursday as rival currencies struggled following more dovish soundings from central banks, while the yen gained as investor worries grew. Sign Up For Trading Classes The Reserve Bank of New Zealand joined a growing list of central banks that had turned dovish amid signs of a slowing global economy, saying on … Continue reading Dollar on The up

Top 5 Things to Know in The Market on Wednesday


1. U.S. Futures Edge Lower, Yield Curve Stays Inverted U.S. stock index futures pointed to a cautiously lower open, with investors keeping their eyes on movements in the U.S. Treasury market, where the yield curve remained inverted for the fourth consecutive session. At 5:55 AM ET (9:55 GMT), the blue-chip Dow futures were down 42 points, or … Continue reading Top 5 Things to Know in The Market on Wednesday

Forex – Sterling Pushes Higher After MPs Grab Control of Brexit


Sterling is center stage again Tuesday morning in Europe after U.K. lawmakers voted on Monday night to take control of the Brexit process from the government of Prime Minister Theresa May. The development, made possible by a large-scale rebellion against May by her own party colleagues, paves the way for a series of votes on … Continue reading Forex – Sterling Pushes Higher After MPs Grab Control of Brexit

Yen gains as global economic worries drive risk aversion


TOKYO (Reuters) - The yen gained against its peers on Monday, touching a six-week peak versus the dollar, as fears in markets of a global economic slowdown fueled demand for the Japanese currency. The yen, a perceived safe-haven which attracts demand times of market turmoil and political tensions, was 0.15 percent higher at 109.79 to … Continue reading Yen gains as global economic worries drive risk aversion

The British Pound Volatility Continues and a Break Is Inevitable…


BRITISH POUND TALKING POINTS: GBPUSD’s actual volatility (10-day ATR) hit its highest level in 13 months, expected since BrexitCable and GBPJPY have clear ranges and EURGBP thwarted a critical breakdownSee how retail traders are positioned in GBPUSD, EURGBP and GBPJPY in real time Looking for a fundamental perspective on Crude oil? Check out the Weekly Crude Oil Fundamental Forecast. Technical … Continue reading The British Pound Volatility Continues and a Break Is Inevitable…

Spring Heralds Smaller Natural Gas Draws; Price-Guessing Intensifies


Spring’s here—and like the ritual cleaning that comes with the season, it’s time to dust the natural gas trading books of positions, as well as projections, that didn’t or aren’t quite likely to make it. But first, there’s another weekly dataset and inventory draw to get out of the way. The U.S. Energy Information Administration is likely … Continue reading Spring Heralds Smaller Natural Gas Draws; Price-Guessing Intensifies

Brexit delayed: British PM May requests three-month extension


LONDON (Reuters) - Prime Minister Theresa May requested a three-month delay to Brexit on Wednesday after her failure to get a deal ratified by parliament left the United Kingdom's divorce from the European Union in turmoil. Nearly three years the United Kingdom voted to leave the European Union and nine days before the formal exit … Continue reading Brexit delayed: British PM May requests three-month extension


Things to Know in The Market on Wednesday © Reuters. Investing.com - Here are the top five things you need to know in financial markets on Wednesday, March 20 1. Markets Await Fed Announcement, Powell The Federal Reserve is not expected to take action on interest rates at the conclusion of its two-day policy meeting … Continue reading

Commodities Week Ahead: More OPEC Oil Cuts Mantra? Gold Bugs Look Luckier


Cuts, cuts and more cuts—that’s what the oil market is likely to hear of between now and OPEC’s next meeting, with data showing the world still has more crude than it needs and $80 per barrel remaining a wishful Saudi target despite 1.2 million barrels per day—or more—of supply being taken out. Gold, on the … Continue reading Commodities Week Ahead: More OPEC Oil Cuts Mantra? Gold Bugs Look Luckier

Scrapped OPEC+ April Meeting May Be Saudi Way Of Silencing Dissent On Oil Cuts


Saudi Arabia gives the impression that the alliance of 24 oil producers it leads with Russia will be ruthless in carrying out deep production cuts over the next three months, and the market bought the portrayal by pushing U.S. crude up to just short of $60 per barrel. While Riyadh’s intent to drain the market of excess … Continue reading Scrapped OPEC+ April Meeting May Be Saudi Way Of Silencing Dissent On Oil Cuts

May seeks Brexit delay after third vote on her deal is derailed


Prime Minister Theresa May will ask the European Union to delay Brexit by at least three months after her plan to hold another vote this week on her twice-defeated divorce deal was thrown into disarray by a surprise intervention from the speaker of parliament. Britain's Secretary of State for Exiting the European Union Stephen Barclay … Continue reading May seeks Brexit delay after third vote on her deal is derailed

Wall Street Jumps as U.S.-China Trade Talks, Brexit Vote Lifts Sentiment


© Reuters. Investing.com – Wall Street surged on Friday amid news of possible progress in trade talks between the U.S. and China, shrugging off disappointing data from the U.S. manufacturing sector. Chinese Vice Premier Liu He spoke to U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer by telephone on Friday, Xinhua news … Continue reading Wall Street Jumps as U.S.-China Trade Talks, Brexit Vote Lifts Sentiment

Ever wanted a tailor made Forex Trading strategy?


I have been trading since 2013,after a few blown accounts and reading countless books on trading,I mean am sure if there's a trading best seller book on technical analysis or quantitative analysis ...its most possible I have read it.Guess what am reading one right now. I have come to discover just like dressing up,you cannot … Continue reading Ever wanted a tailor made Forex Trading strategy?

U.S. Core Inflation Unexpectedly Cools on Autos, Drug Prices


A key measure of underlying U.S. inflation unexpectedly eased in February amid falling prices for autos and prescription drugs, giving the Federal Reserve more room to stick to its plan for being patient on raising interest rates. Excluding food and energy, the so-called core consumer price index rose 0.1 percent from the prior month and … Continue reading U.S. Core Inflation Unexpectedly Cools on Autos, Drug Prices

Look out !!! New ‘OPEC’ Of U.S. Oil Super Majors Could Seize Control Of Global Pricing


Morgan Stanley sees Brent crude anchored at $65 per barrel over the long term while cross-town rival Goldman Sachs expects a “fleeting” high of $75.Whatever the forecast, the unprecedented depth of Saudi Arabia’s oil cuts now seems both a boon and bane for Riyadh, which is earning more for a barrel while risking precious market share to … Continue reading Look out !!! New ‘OPEC’ Of U.S. Oil Super Majors Could Seize Control Of Global Pricing

The U.S. Dollar Index continues to stair-step higher, defying the expectations of a bearish majority


The U.S. Dollar Index continues to stair-step higher, defying the expectations of a bearish majority. The rally (alignment) will only intensify as the financial crisis in Europe unfolds into plain sight. Wall Street, whom the talking heads track, is domestically focused. Few understand that a rising dollar is slowing the economy, driving delation (not inflation), and will … Continue reading The U.S. Dollar Index continues to stair-step higher, defying the expectations of a bearish majority

CONSUMER PRICE INDEX – FEBRUARY 2019 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent


Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 25, 2019. REUTERS/Brendan McDermid CONSUMER PRICE INDEX – FEBRUARY 2019 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February on a seasonally adjusted basis after being unchanged in January, the U.S. Bureau of … Continue reading CONSUMER PRICE INDEX – FEBRUARY 2019 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent

GBPUSD H1 TRADING STRATEGIES March 10th to 15th


The UK parliament votes later today on Prime Minister Theresa May’s latest version of a Brexit deal. She was able to obtain some last minute concessions from the EU that boosted the pound this morning, though at time of writing sterling has been falling. During the last vote, in January, May suffered an historic loss in the House of … Continue reading GBPUSD H1 TRADING STRATEGIES March 10th to 15th

Futures slightly higher ahead of inflation data


(Reuters) - U.S. stock index futures inched higher on Tuesday, taking cues from global stocks which rose after last-minute tweaks to Britain's deal to leave the European Union that eased some fears of a no-deal Brexit, and as investors waited for inflation data. European Commission head Jean-Claude Juncker said he agreed to an updated Brexit … Continue reading Futures slightly higher ahead of inflation data

Dollar Index Forecast 2019: A stumble is not a fall


https://youtu.be/byZxSL2OIMc King Dollar could bend but not break, as long as central banks' imbalances persist.Political turmoil in the Old Continent will continue to underpin the DXY. The American dollar is the overall winner this 2018, despite being battered in these last days of the year. The DXY recovered from a yearly low of 88.25 achieved … Continue reading Dollar Index Forecast 2019: A stumble is not a fall

EUR/USD BULLISH & BEARISH BIASES


https://www.youtube.com/watch?v=dtefc1KDY14 EUR BULLISH Fed easing will be more forceful than ECBImplied euro volatility has eased backThe net short position is the largest in three yearsThe euro is now about 23% undervaluedEuro money market rates making a floor.Outright forwards at attractive levels.TLTRO-III operations aimed to prolong existing liquidity supportHigher oil prices and the weaker euro will … Continue reading EUR/USD BULLISH & BEARISH BIASES

The U.S. dollar moved higher against a currency basket on Monday


The U.S. dollar moved higher against a currency basket on Monday amid indications that global trade tensions are easing but gains were held in check by expectations for lower U.S. interest rates. Against a basket of six peers, the U.S. dollar index rose 0.3% to 96.871 by 04:17 AM ET (08:17 GMT), recovering slightly after ending with … Continue reading The U.S. dollar moved higher against a currency basket on Monday

US. futures rose on Tuesday on hopes that the scale of the recent sell-off could persuade the Federal Reserve to loosen monetary policy


U.S. futures rose on Tuesday on hopes that the scale of the recent sell-off could persuade the Federal Reserve to loosen monetary policy. Dow futures rose 101 points or 0.4% by 6:52 AM ET (10:52 GMT), while tech-heavy Nasdaq 100 futures recovered 31 points or 0.5% and S&P 500 futures was up 11 points or 0.4%. St. Louis Federal Reserve … Continue reading US. futures rose on Tuesday on hopes that the scale of the recent sell-off could persuade the Federal Reserve to loosen monetary policy

Dollar Near 1-Week Lows as Trade Tensions Escalate


The U.S. dollar was trading near one-week lows against a currency basket on Monday, with the yen and the Swiss franc, seen as safe havens in time of uncertainty, gaining ground as global trade tensions escalated. With the U.S. administration's combative stance on trade widening to countries beyond China, and with China threatening more countermeasures … Continue reading Dollar Near 1-Week Lows as Trade Tensions Escalate

GBP/CAD Exchange Rate Falls as BoC states ‘Accumulating Evidence’ of Temporary Economic Slump


GBP/CAD Exchange Rate Falls as BoC states ‘Accumulating Evidence’ of Temporary Economic Slump The Pound Canadian Dollar (GPB/CAD) exchange rate sank today and is currently trading around $1.7046 on the interbank market. The Canadian Dollar (CAD) edged higher against the Pound (GBP) following yesterday’s Bank of Canada (BoC) interest rate decision, which held steady at … Continue reading GBP/CAD Exchange Rate Falls as BoC states ‘Accumulating Evidence’ of Temporary Economic Slump

POUND RISKS


With a quiet economic calendar, headlines surrounding Brexit and the ‘hunt for Britian’s next PM’ remain potential drivers for the British pound this week. The European elections didn’t make for the most exciting FX open we’ve seen of late, although equities across the region breathed a slight sigh of relief that populism hadn’t taken over. If there … Continue reading POUND RISKS

Markets Roll Back After Last Week’s Decline, EUR/USD Tests Important Resistance


Market focusHolidays in the U.S. and the U.K. set up a sluggish course of trading on world markets, which allows key indices to carefully roll back from the lows reached last week. The trade conflict between China and the United States is increasingly perceived by the markets as the protracted cold war of the two … Continue reading Markets Roll Back After Last Week’s Decline, EUR/USD Tests Important Resistance

The dollar was higher across the board in early trade in Europe Wednesday


The dollar was higher across the board in early trade in Europe Wednesday, as the reportedly imminent exit of British Prime Minister Theresa May over the Brexit shambles depressed the pound and made for an awkward backdrop to European parliament elections that start today. At 03:00 AM ET (0700 GMT), the GBP/USD pair was at $1.2605, a … Continue reading The dollar was higher across the board in early trade in Europe Wednesday

Top 3 Currency Pairs Teeming With Profits


The euro bulls repelled the bears' attack yesterday though the bears are again making headway. Will they be able to break through today? The Philadelphia Fed Manufacturing Index surprised on the upside, lending support to the U.S. currency. Our short euro position became more profitable in return. How does our other open position do? Just great. We have … Continue reading Top 3 Currency Pairs Teeming With Profits