Three Pillars Of Forex Trading

Peter Adamson

When I first learned to trade futures back in the 1990’s, I was mentored by some of the best. The early lessons given to me at that time remain with me to this day. When we learn to trade, it tends to be a bottom-up process. We learn to chart, to calculate support and resistance, to determine trend lines. But I am a top-down guy. That’s the way my brain works. And for many, it is important to have a top-down view of things, a structure in which to place the many details that we learn as we go along. So nearly twenty years later, here is my top-down advice to all Forex traders, my three pillars. more…

AUD/NZD: Home, Home On The Range

Matt Weller

We’re seeing mixed performance in the foreign exchange market Wednesday, with the greenback rallying against most of its rivals (prominently including pound sterling and all of the commodity dollars) but drastically trailing its biggest rival, the euro. Until this muddled performance shakes out into a one-sided trend for the greenback, some traders may want to explore other currency crosses, including AUD/NZD. more…

EURGBP Should Proceed Lower

Nenad Kerkez

EURGBP has broken through important trend line and it has made another leg down. The pair I showing bearish movement on H4 timeframe, and there is a possibility of yet another retest of 0.7190 zone. We can see that trend line has been broken effectively becoming an inner trend line which gave the pair additional momentum to the downside. more…

US Stocks: Is This The Turning Point (Lower)?

Fawad Razaqzada

The movements of stock prices in the days prior to the Fed’s rate decision on Thursday appeared to be the typical “buy the rumour, sell the news” sort of behaviour. But when the news hit the wires, traders initially hesitated to push the ‘sell’ button because there was an element of surprise in the FOMC statement that was probably not priced in. Not only did one FOMC member vote to cut rates into the negative, but the dot plot showed that the median policy maker now expects core inflation to remain below the bank’s 2% target until 2018 and the long-term unemployment rate was revised down to 4.9%, suggesting there is less urgency to hike interest rates. So, to account for this surprise, they waited a bit longer before ‘dumping’ stocks. more…

Gold Shining Ahead Of Fed

Matt Weller

In contrast to the usually quite pre-FOMC trading, markets were surprisingly volatile Wednesday. US equity indices were all tacking on around 0.5-0.7%, the greenback is dropping, and commodities are rallying sharply. In addition to Wednesday’s big breakout in oil, Gold has also turned sharply higher, providing some relief for beleaguered bulls. more…

Better trader, better profits.