Author: FX

  Many traders struggle to advance their forex skills. The forex market sees $7 trillion traded daily. This article offers key tips for advanced forex trading. Learn to trade like the pros. Key Takeaways Advanced forex traders use complex strategies like market modeling, risk-free positions, and scaling techniques to boost profits. Mastering risk management and trading psychology is crucial for experienced traders to control losses and make disciplined decisions. Algorithmic trading and AI tools, like those in MetaTrader 4, help traders analyze data quickly and execute trades faster. Advanced forex education offers hands-on practice with real-world scenarios, helping traders gain…

Price action got livelier at the return of U.S. and Canadian traders, though the major assets still took cues from individual catalysts. Which headlines moved the major assets around on Tuesday? Let’s break them down: Headlines: RBA cut its interest rates by 25bps but remained cautious about future easing In her presser, RBA Gov. Bullock shared that this month’s reduction was a “difficult decision” and that future easing would depend on incoming data U.K. jobless claimants for Jan: 22.0K (10.0K forecast, -15.1K previous); Unemployment rate remained at 4.4% in Dec (vs. 4.5% forecast); 3-month avg earnings accelerated from 5.5% to…

WTI crude oil has been on a bullish run so far this week, but are the rallies about to hit a roadblock soon? Or is the energy commodity gearing up for a big breakout? Take a look at these nearby inflection points on the hourly chart. WTI Crude Oil (USOIL) 1-hour Chart by TradingView In case you missed it, there have been rumors of the OPEC+ considering a delay in its planned production hike for April on account of stronger global supply estimates. After all, peace talks between Russia and Ukraine could mean more of the former’s oil exports flowing…

With the RBA recently cutting interest rates but reiterating a cautious approach to further easing, what can the upcoming jobs report imply about future policy moves? Are we about to see a pickup in employment that could keep rate cuts in check? Here are the key points to know when trading this top-tier release. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

  Many forex traders struggle to manage risk. The risk-reward ratio helps balance potential gains and losses. This guide shows how to calculate and use this key tool. Learn to trade smarter and safer. Key Takeaways The risk-reward ratio helps traders balance potential reward gains and losses in forex trading. To calculate the ratio, set an entry point, stop loss level, and take profit level for each trade. A good risk-reward ratio is often 1:3 or higher, meaning you aim to gain three times what you risk. Use the formula: Reward / Risk to find the ratio. For example, $200…

The Reserve Bank of New Zealand is expected to cut its official cash rate (OCR) target by 50bp today, from 4.25% to 3.75%:the Reuters survey last week, February 10-13 showed 32 out of 33 expect 50 while 1 expects a 25bp rate cutAt its previous meeting, back in November of 2024, the RBNZ indicated it was still on a rate cutting path. Since then we’ve had Q4 inflation data with the headline well within the bank’s 2 to 3% target range:2.2% y/y is a little higher than was expected and is unchanged from Q3Yesterday we had the Reserve Bank of…

NZD/USD declines to 0.5700 on Tuesday after hitting its highest level since late January last week. Bulls remain in control as long as the pair holds above the 20-day SMA, with the RBNZ decision set to drive the next move. The New Zealand dollar faced selling pressure on Tuesday, dropping 0.58% agains the US Dollar to 0.5700 after last week’s rally saw the pair climb to its highest levels since late January above 0.5730. Despite the pullback, the broader outlook remains positive, with the 100-day Simple Moving Average (SMA) at 0.5825 still in focus. Looking ahead, market participants are gearing…

With the Reserve Bank of New Zealand set to cut rates very soon, here’s a quick adjustment to our trading case study on NZD/CHF, theoretically reducing our risk with a couple of options to keep it going if the event turns our favorably. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

USDCHF buyers defended key support near 0.8965 – 0.8974 last week, leading to a price stall and a subsequent rebound. Monday’s low also held near this area before a modest upside move, reinforcing its significance as a key support zone.Today, the pair broke above a higher swing area (0.8997 – 0.9011), with a corrective dip in the European session finding support near the lower boundary before pushing higher. The USDCHF is now trading at new session highs, approaching the falling 100-hour moving average at 0.9037.A break above 0.9037 could provide buyers with greater confidence that a bottom is in place,…

The Dow Jones backslid around 300 points early Tuesday following a long weekend. Equities recovered their footing, pushing back to flat amid a lack of meaningful data. Latest Fed Meeting Minutes are due on Wednesday as markets watch for signs of rate cuts. The Dow Jones Industrial Average (DJIA) stumbled out of the gate on Tuesday, declining around 300 points at its lowest following an extended weekend break. Equities somewhat recovered their stance through the US market session, but the Dow Jones remains down around 100 points near 44,450. Stock traders piled back into markets following the President’s Day holiday…