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
The dollar has ground higher, approaching the two-year high that it hit in April, amid fears that the trade war may evolve into a currency war. The dollar index, which measures the greenback against a basket of currencies, hit 97.968 overnight before retracing to 97.917. https://youtu.be/B5u4RwnLwPM Overnight, the dollar was stable against the Chinese yuan, but it … Continue reading Dollar Marches Higher
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
The Organization of the Petroleum Exporting Countries (OPEC) is expected to make a strong case to continue with production cuts in its monthly report due on Tuesday as dominant member Saudi Arabia shows it isn’t in any mood to give up the high prices it has worked hard to acquire since the winter. The International … Continue reading OPEC Oil Report Could Prompt More Cuts; Gold To Swing
Every investor can tell you about how the S&P 500 made a new all-time high and then pulled back 2 weeks ago. Or how Crude Oil has held steadfast over $60 a barrel throughout the trade fireworks. Or that U.S. Treasuries are being gobbled up. But did you know that the U.S. dollar is showing signs of a run to the … Continue reading Dollar near two year highs
https://youtu.be/B5u4RwnLwPM Every one wants to know how low the euro, Australian dollar and sterling can go. All three of these currencies fell sharply last week and a few even hit multi-month lows in the process. Demand for the greenback was strong as the dollar held steady or traded higher against all of the major currencies. Although stocks rebounded over the past week, it … Continue reading Can EUR,GBP,AUD go lower than they have?
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
https://youtu.be/yIBOs1XzXE0 The dollar has come off Wednesday’s highs in early trade in Europe on Thursday, but is still well bid on the back of news flow suggesting the U.S. economy remains a pillar of relative strength. The euro fell to its lowest level in nearly two years against the dollar late Wednesday, at $1.1141, after disappointing business … Continue reading Dollar Surges to New High on Dovish BoJ, BoC Outlooks
https://youtu.be/z7538iNe2Pw How does Forex Work? Forex trading is the simultaneous buying of one currency and selling of anotherThese two currencies make up what is known as a "currency pair"Currencies are always traded in pairs - each currency is represented by three lettersThe first two letters represent the country and the third letter identifies the currencyForex … Continue reading How does Forex trading Work?
https://youtu.be/rlZRtQkfK04 Technical Analysis Technical analysis is the study of prices over time, with charts being the primary tool. This is done by comparing current price action with historical price action to identify patterns that can suggest probable future price movement. Technical analysis helps traders to determine trends and acts as a signal or indicator to … Continue reading What is Technical Analysis in trading Fx
Order Types Market Order/Execution A market order is an order to open a buy or sell position at the best current available price. Pending Order A pending order is an order to buy or sell an instrument at a specified future price, only if the market reaches that specific price. Limit Order A limit order … Continue reading Order Types in Forex Trading
The greenback fell slightly on Monday as retail sales fell unexpectedly. The U.S. dollar index, which measures the dollar's strength against a basket of six major currencies, slipped 0.1% to 96.738 as of 10:53 AM ET (14:14 GMT). The Commerce Department said retail sales dropped 0.2% in February due to weak sales of furniture, clothing, food … Continue reading Forex – U.S. Dollar Falls on Weak Retail Sales
https://youtu.be/0Y8I0moJSnM The Saudis better wish for more U.S. crude exports each week if they want to get $70+ oil. A drop of a little more than 500,000 barrels in crude shipments was one reason for last week's unexpected rise in U.S. inventories, according to data on Wednesday that led to lower trading prices for both … Continue reading Oil Falls on Surprise Weekly Crude Build as U.S. Exports Slide
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News that Conservatives could back May’s deal provided a minor lift. • The up-move remains capped ahead of indicative votes later today. Templer fx Mpesa -Felix Oluoch fxCLICK HERE TO SIGN UP OR USE QR CODE BELOW The GBP/USD pair built on its goodish intraday bounce and has now recovered over 60-pips from an intraday low level of … Continue reading GBP/USD sticks to modest gains, comfortably above 1.3200 mark ahead of indicative votes
