Many market participants eagerly waited for US Federal Reserve Chief Jerome Powell’s speech yesterday at The Economic Club of New York. Powell, appointed by US President Trump, has been under increased pressure by Trump to stop the series of interest rate increases his Fed enacted. While higher interest rates are bullish for the US Dollar, they increase the interest burden the US government has to pay for its massive debt load. In addition a stronger US Dollar makes US exports more expensive at a time Trump is engaged in a trade war with China...
Many blame the big sell-off in cryptocurrencies on the Bitcoin Cash Hash War which erupted as two factions could not agree on how to proceed. This resulted in a hard fork into BCH-ABC and BCH-SV. BCH-ABC won the Satoshi Nakamoto Challenge and the rights to keep the existing Bitcoin Cash infrastructure while BCH-SV will be allowed to co-exist, the SV is an acronym for “Satoshi’s Vision”. As is common with hard forks, miners and developers were unable to agree on how to address the issues in the blockchain and two different ideas emerged. This...
While some analysts remain hopeful that a sideline meeting between US President Trump and Chinese President Xi at the G-20 meeting in Buenos Aires will yield a truce in the trade war, it appears rather unlikely. The Wall Street Journal published an interview with Trump on Monday where he stated that he is very likely to move ahead with an increase in China tariffs on $200 billion worth of goods from the current 10% to 25%. This would mean that $250 billion worth of Chinese goods will be taxed by 25%. He further noted that if he can’t reach an...
Developed by Gerald Appel in the late seventies, the Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available. While you don't need to understand the math that underlies the calculation of the MACD trend-lines, by understanding more about how the MACD indicator works, you'll be better positioned to avoid getting fooled by its false signals or lack of signals, such as when the price turns but the MACD doesn't provide any warning. Indicators are crucial for the on chart...
Hi there, I am Sonya and after debating for a while with myself and my best friend I decided to share something with all of you which I think can make a big difference in your forex trading results regardless of which strategy you decide to execute. I tried and tested this in my PaxForex account for over two years and with over 5,000 executed trades and am therefore confident that this does indeed work. Since I perfected my Lot Size Strategy, my trading results have improved drastically and my account is growing a lot faster than before I...
