New Year’s holidays have passed, but the hangover for the single European currency could take a long time. This may well be related with the upcoming on January 25 early parliamentary elections in Greece, which according to the polls is likely to win the left Syriza party and its leader Alexis Tsipras. This may cause a further depreciation of the euro, as the party Syriza opposes austerity measures imposed mainly by Germany. Also, this election could turn into a referendum on Greece's membership in the European Union. While all this is...
The EURUSD has corrected by over 2,000 pips since it tried to breakout above the crucial 1.4000 level back on May 8th 2014. The EURUSD managed to rally until an intra-day high of 1.3994 marked the end of an advance many forex traders did not understand. Some called for a breakout and potential rally higher while skeptics called for a sharp reversal in price action as the exchange did not warrant the economic picture of the Eurozone against the US. An expected reversal took place, but was stopped after the EURUSD enjoyed a rally from its intra...
The EURUSD has corrected by over 2,000 pips since it tried to breakout above the crucial 1.4000 level back on May 8th 2014. The EURUSD managed to rally until an intra-day high of 1.3994 marked the end of an advance many forex traders did not understand. Some called for a breakout and potential rally higher while skeptics called for a sharp reversal in price action as the exchange did not warrant the economic picture of the Eurozone against the US. An expected reversal took place, but was stopped after the EURUSD enjoyed a rally from its intra...
The global economic crisis has become a main subject of discussion not only among the people engaged in financial activities, but also among all segments of the population, because each person one way or another was influenced by economic cataclysms. Someone fears of inflation and wage cuts, and someone is afraid of losing job. So what can we say about Forex traders in this regard? Traders are no exception in this case, especially since the work of the trader is directly related to finances, and everything that happens in the world of...
The year 2014 was another great year which saw plenty of events disrupt financial markets and create great trading opportunities for forex traders. Some took advantage of those and saw their forex accounts increase by double digits. A lot of forex traders were unable to profit and in many cases saw their accounts contract by double digits. No need to live in the past as 2015 will be filled with great trading opportunities. One of the biggest reasons why so many forex traders often sit on the sidelines or even lose money is lack of education....
