During the press briefing of China's State Council Information Office, officials noted that the phase one trade negotiations achieved major progress and added that the US agreed on the context of the phase one trade deal. The US will follow … [Continue reading]
UK: The great Brexit gamble paid off – Rabobank
In view of analysts at Rabobank, the great Brexit gamble has paid off with the UK Prime Minister Johnson getting his majority in the House of Commons. Key Quotes “It is certain that his majority is comfortable enough to get his Brexit-deal through … [Continue reading]
Netherlands, The Retail Sales (YoY) rose from previous 2.8% to 5% in October
Gold is losing altitude in Asia as investors are buying risk and selling safe havens on trade optimism. The yellow metal, a classic safe-haven asset, is currently trading at $1,464 per Oz, having hit a five-week high of $1,487 in the overnight … [Continue reading]
GBP/USD Technical Analysis: Back below 1.35, RSI offers strongest overbought signal since January 2018
GBP/USD has backed off from 19-month highs hit in early Asia. The RSI is flashing the strongest overbought reading in nearly two years. The indicator can stay overbought for prolonged period in a strong trending market. GBP/USD … [Continue reading]
USD/MXN rebounds after hitting a six-week low, from a key dynamic support
Mexican peso extends rally versus US dollar, reaches critical levels. Improvement in market sentiment helps Latin American currencies. The USD/MXN pair dropped earlier today to 19.03, the lowest intraday level since October 28. Later, it … [Continue reading]
ECB: Still expect another easing package in March with a 10bp rate cut – Nordea
Analysts at Nordea point out that given the active discussion around the reduced effectiveness of further ECB's monetary policy easing, the risks are skewed towards no action. Key quotes "Since Lagarde left a lot of the important questions … [Continue reading]
EUR/USD eases from 1-month tops, turns neutral ahead of ECB
EUR/USD fails to capitalize on the early uptick to over one-month tops. A modest USD rebound might have prompted some long-unwinding trade. The downside remains limited ahead of the ECB monetary policy update. The EUR/USD pair extended its … [Continue reading]
A history of Bitcoin Crashes
You Will Need More than Currency Trading Basics
Currency trading has become a popular sport in the financial markets worldwide. It is a complex and competitive market. If you are just starting to look at this as a possible venture you will need to start with currency trading basics. Rest … [Continue reading]
Trading Tips for Tycoon Wannabes
So you want to make a living from the Forex market? It isn't easy, but it is definitely possible. Just look at people like George Soros. To make money on a large scale in the FOREX market, follow these currency trading tips. Number one, before … [Continue reading]