Author: FX

Like many high-performance endeavors, success in trading takes time, patience, and a lot of practice. This is why not many newbies successfully trade currencies on their first try. In fact, popular trading discussions estimate that only 2% of newbie traders eventually make money. So what makes it hard for beginners to stick to trading anyway? I’ve learned of countless reasons after talking with fellow forex traders in my blogs and in the forums, but I think we can narrow them down into five: 1. They blew their trading account. What’s the point of trading if there’s no account to trade? One of…

Gold price traders around $2,680 ahead of Nonfarm Payrolls release.  The Fed remains data dependent ahead, awaiting further inflation data.  Gold at a crossroad for a possible breakout towards $2,700, depending on the US employment report. Gold’s price (XAU/USD) for now is trading in its fourth straight day of gains for this week, currently trading around $2,680 at the time of writing on Friday. Inflation fears keep driving the precious metal higher while the Federal Reserve (Fed)  remains quite sidelined about it by now. Meanwhile, the possibility of fewer interest rate cuts is supporting the odds for Gold to hit $3,000…

Eurostoxx -0.1%Germany DAX flatFrance CAC 40 flatUK FTSE -0.2%Spain IBEX -0.6%Italy FTSE MIB flatMeanwhile, US futures are keeping more cautious with S&P 500 futures seen down 0.3% currently. That is setting up for a more tentative and slightly cautious mood overall as the focus turns to the non-farm payrolls data later. That’s the only game in town left for trading this week. This article was written by Justin Low at www.forexlive.com. Source link

Here is what you need to know on Friday, January 10: Following Thursday’s quiet action in financial markets, the US Dollar (USD) stays resilient against its major rivals in the European morning on Friday. In the early American session, the US Bureau of Labor Statistics will release the jobs report for December, which will feature Nonfarm Payrolls (NFP), Unemployment Rate and wage inflation figures. US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the British Pound.   USD EUR GBP JPY…

By Luc Cohen NEW YORK (Reuters) – U.S. President-elect Donald Trump is scheduled to be sentenced on Friday for his criminal conviction stemming from hush money paid to a porn star, a case that for a time overshadowed his bid to retake the White House. The U.S. Supreme Court paved the way on Thursday for the 9:30 a.m. ET (1430 GMT) sentencing in New York state court in Manhattan, rejecting a last-minute request by Trump to halt it 10 days before his Jan. 20 inauguration. Justice Juan Merchan, who oversaw the six-week trial last year, has signaled he does not…

With U.S. stock markets closed for the day, market participants turned their attention to changes in market sentiment, as well as the Challenger jobs report and Fed commentary. Risk assets had a mixed run, with commodities like gold and crude oil raking in strong gains while bitcoin continued its slide below the $100K mark. Let’s dive into the latest market updates! Headlines: Japan cash earnings rose 3.0% y/y – the fastest in 32 years – in November (2.7% expected, 2.2% previous) Australia retail sales for November: 0.8% m/m (1.0% expected, 0.5% previous) Australia goods trade surplus for November: 7.08B AUD…

China’s SCIO will hold a press conference on Tuesday, January 14 to discuss the country’s high-quality economic development. event will feature PBOC’s Xuan Changneng (Defuty Governor) and SAFE’s Li Bin (Deputy chief)will address financial support for economic developmentScheduled for 1500 China time:0700 GMT0200 US Eastern time That alphabet soup:SCIO = State Council Information OfficePBOC = People’s Bank of China SAFE = State Administration of Foreign ExchangeThese things are usually disappointments, with incremental policy measures announced. the days of ‘flood like’ stimulus from China are well and truly over. Avoid disappointment, go in with low, low expectations. Source link

The RSI Candles Smoothed Trend Force Forex Trading Strategy is an advanced trading method designed to give traders a clearer, more precise view of the market by combining several powerful technical tools. This strategy utilizes the Relative Strength Index (RSI) to assess overbought and oversold conditions, smooths candlestick patterns to reduce noise, and incorporates a trend force indicator to identify the strength and direction of prevailing market trends. By merging these elements, this strategy aims to increase the accuracy of trade signals and improve decision-making for traders, especially in the highly dynamic forex market. At the core of the strategy…

Struggling to understand Forex charts? A chart shows how currency prices change over time using simple visuals. This guide will teach you the basics, explain key components, and help you spot trading opportunities. Keep reading a forex chart like smarter! Key Takeaways Forex charts show how currency prices change over time using price and time axes. Tick Charts, line, bar, and mountain charts are common types used for different analysis styles. Timeframes matter in forex trading. Short frames like 15 minutes show quick trends, while longer ones like daily or weekly reveal broader market activity. Support levels stop price drops;…

USD/CAD gains traction to near 1.4400 in Friday’s early Asian session.  Fed officials signal a rate cut caution, boosting the USD.  Trump’s tariff threats weigh on the Loonie, but a rise in crude oil prices might cap its downside.  The USD/CAD pair trades in positive territory for the fourth consecutive day around 1.4400 during the early Asian session on Friday. The cautious stance of the US Federal Reserve (Fed) continues to underpin the Greenback. All eyes will be on the US and Canadian labor market data for December. The potential tariffs from the incoming Donald Trump administration have triggered inflation concerns and…