The US Dollar has enjoyed a very strong 2018 despite a series of headwinds and surprised many forex traders. Everything appeared to work just fine for US Dollar bulls, until it doesn’t anymore. As 2018 is slowly winding down, those headwinds are blowing harder and the ultimate price may be paid by the US Dollar. The interest rate increases by the FOMC of the US Fed have added to the bullish sentiment, but are also inserting bearish pressures into the US Dollar environment. The FOMC is set to increase rates three to four times in 2019 and this...
Hedging in forex protects investors from the volatility and uncertainty of financial markets. With forex hedging, the strategies refer to the act of an additional buy/trade of currency to offset the risk involved in the initial buy/trade. It is a method of insurance for forex traders, but should only be used by experienced traders who understand the ups and downs along with timing in the market. Adopting a hedging strategy without sufficient trading experience can make for disastrous impact on your account. Hedging in the market involves a...
Today I would like to briefly talk about the cryptocurrency crash which we saw ripple though the market over the past week. I would like to state that I didn’t see this crash coming and was positioned long. Prior to the crash, cryptocurrencies enjoyed a rather calm trading environment with prices hovering at very big support levels. That and the seasonality which we get to enjoy now, the Christmas period, resulted in me being bullish. I expected cryptocurrencies to embark on what is known as a “Santa Claus” or “Christmas” rally, which has...
US President Donald Trump loves to tweet, often at odd hours and to the surprise of his own cabinet. While the world has gotten used to it by now, and despite the Republicans losing the House of Representatives to the Democrats two week ago, the trade war with China shows no signs of easing. On the contrary it only intensifies. The US President doesn’t need Congress for trade policies which means that the Democrats have little power to stop President Trump from pushing through with his current approach in regards to China. Some market...
The term precious metals refer to the group of metals that are known to be unique and highly valuable. Precious metals also known as rare metals that have desired characteristics with unique beauty are used commonly in jewelry pieces. These metals do not rust or decay, therefore, they can last for many years. Factors which have historically affected the price of gold and other precious metals have been economic, financial, and with drastic world events taking place, they have often been a haven and an asset for retaining wealth throughout...
