Many new traders that come into the forex market tend to gravitate towards very short-term trading. It is a fact that most traders trade way too much. The reason they trade too much is primarily that they are too obsessed with trading lower time frame charts. The different types of trading charts illustrate a few ways price movement is expressed over a period of time. Looking at these types of trading charts can give investors an opportunity to analyze and understand price movement in a way that isn't possible without reviewing data from...
The European Central Bank (ECB) will stop its purchases of EU government bonds which has been in place since 2015 despite criticism from Germany. The ECB added over €2 trillion worth of assets to its balance sheet during that period which includes €180 billion of corporate bonds. While the ECB will stop purchasing bonds at the end of this month, it may reinvest proceeds. In addition, interest rates are on track to remain at current levels for much longer than previously expect. The current economic slowdown across the Eurozone and lack of...
Welcome to the last 2018 update, post Christmas and pre New Year! Was Santa good to you? While cryptocurrencies are down across the board over the past 36 hours, it is only normal to take a breather after the powerful rally we have witnessed. Now some may view the most recent bounce as a “suckers rally” or a “dead cat bounce”, which means it is only a temporary advance within a larger move to the downside. While we would need more price action to get the real answer, for now it appears a healthy retreat inside a larger move to the upside as...
The value of gold is at the June highs, while investor demand for risky assets is falling amid political uncertainty in the United States. As of this morning, the price of the February gold futures on the New York stock exchange Comex rose by 3.85 dollars, or 0.3% - up to 1275.65 USD per troy ounce. The indicator is kept at the highs of the end of June of the current year. The price of March silver futures grew by 0.53% - up to 14.898 USD per ounce. Economists believe that investors are concerned about the growth prospects of the world...
When trading Forex, it is important to know when national holidays occur as they can serve as a good guide for forecasting market situations in this period. As a rule, there is a jump in market activity immediately after a holiday is over. With care, you can choose the most profitable time to enter and leave the market. The primary cause of the downfall of the forex market in December is Christmas. As soon as Christmas comes, a sudden dryness in the market will be introduced. Most of the currency pairs’ value comes down measurably. In the...
