Filter CategoriesFilter - AllCommoditiesCryptocurrenciesEconomicEducationElementaryForex Bleak Outlook Pins Dollar... The US Dollar continues to come under broad pressure, and the US Dollar Index has now traded lower for... Pound Recovers after FOMC... The Pound Sterling recovered in London trade after yesterday's release of the Federal Reserve's policy minutes was a bit... Oil Markets Gain on... On Friday, the oil markets lost territory after the markets received negative data about the state of the United... Pound Gains Despite Retail... The data release failed to meet expectations, however, with the reading for the Distributive Trade Survey for August falling... U.S Economic Data and... Earlier in the Day: It’s was a quieter start to the day on the economic calendar this morning. The Aussie Dollar was... NZD/USD Price Analysis: Longer-term... NZD/USD has reached a strong level of resistance on the monthly chart following a 5-wave bullish run to the... Gold Price Analysis: XAU/USD... The dollar's oversold bounce weighs over gold on Wednesday. The yellow metal's daily chart shows the scope for a deeper... USD/CHF Price Analysis: U-turn... USD/CHF treads water after reversing from the key SMA while snapping two-day winning streak the previous day. Normal RSI conditions... Gold Price Analysis: XAU/USD... Gold prices pick-up bids after multiple bounces off $1,930. 200-HMA, 50% Fibonacci retracement guard immediate upside amid bullish MACD. Sellers will... AUD/USD: Downside pressure gathers... Key Quotes 24-hour view: “We expected AUD to trade sideways between 0.7265 and 0.7305 yesterday. AUD subsequently rose to a high of... Euro Gains Ground ahead... In London trade on Thursday, the Euro gained ground against the greenback but currency strategists are wary of any... Inflation Pressure Increases in... In monthly terms, the Consumer Price Index was at 0.4 percent, after being at 0.6 percent the previous month... Oil Rally Halts as... Yesterday, the oil markets rallied, recovering from a previous loss that was caused by the Saudi company Aramco's decision... Pound's Slide Continues The Pound Sterling continues to fall against its US rival, striking a 6-week trough during Wednesday's trade in London.... Dollar Bounces though Outlook... The latest data out of the US has not helped to sustainably improve sentiment, analyst say. The US Labor... Pound Lower as BoE... The Pound Sterling couldn't hold onto positive momentum against its US rival and the greenback gained strength after yesterday's... Unemployment in Australia Drops... Employment change, which measures the change in the number of employed people in the country, was at 111.000 in... Forex Today: Stocks Fall... The U.S. Federal Reserve said it expects its interest rate to remain at zero for about 3 years, and... Dollar Falls as Markets... The US Dollar was broadly lower during London trade on Wednesday on growing expectations that the Federal Reserve might... U.S Mortgage Rates Hold... Mortgage rates were mixed in the week ending 17th September. Following a tumble to a new record low, 30-year... Biden Widens the Gap... The Latest Polls There was yet more movement in the FT’s poll tracker over the last week, as the news... U.S. Stocks Mixed After... Tech Stocks In Focus S&P 500 futures are mixed in premarket trading after yesterday’s sell-off in leading tech stocks. Facebook, Amazon,... US Stocks Sink as... The major U.S. stock indexes were down sharply again on Thursday as technology-related shares extended a recent decline and... US Stock Market Overview... US stocks moved lower on Thursday as the Fed’s commentary on Wednesday failed to lift equities higher. Most sectors... Shell Impairments Support Bearish... In contrast to the current optimism in the MSM about oil prices, increased demand and a possible return of... US Open – Waking... The Addiction Needs Feeding Federal Reserve Chairman, Jerome Powell’s, comments were hardly comforting on Wednesday. A bleak assessment of the... WTI Crude Spikes into... U.S. West Texas Intermediate crude oil futures jumped more than 8% in a surprise move just ahead of the... Energy Recap: OPEC Leaves... The energy markets were at the forefront on Thursday as OPEC’s two-day meeting in Vienna kicked off and the... Palladium: Completely Reverse The... Markets feared for a possible bubble bust, with Commerzbank stating: “In our opinion, a correction of the palladium price... SquaredFinancial Strengthens Client’s Fund... Manie Van Rooyen, Chief Executive of SquaredFinancial Seychelles, commented: “Client fund security is one of our highest priorities. In... SimpleFX is the First... SimpleFX, the award-winning app for mobile traders, has just added the crypto rookie of the year – Chainlink. Following a... Gulf Brokers Has Launched... The application provides an instant access to real markets to trade shares, forex, commodities, and indices from mobile appliances.... Capital.com – Bringing Smart... What is Capital.com all about? Since the inception of the company’s web and mobile platforms, Capital.com has offered the capability... Renowned Market Analyst Jameel... Renowned for his wealth of expertise in the financial markets, Mr. Ahmad will be responsible for building and strengthening... The Crypto Daily –... Bitcoin, BTC to USD, rallied by 4.91% on Wednesday. Reversing a 0.38% decline from, Bitcoin ended the day at... The Crypto Daily –... Bitcoin, BTC to USD, fell by 2.81% on Friday. Reversing a 0.91% gain from Thursday, Bitcoin ended the day... The Crypto Daily –... Bitcoin, BTC to USD, slipped by 0.02% on Friday. Following on from a 0.11% decline on Thursday, Bitcoin ended... The Crypto Daily –... Bitcoin, BTC to USD, rose by 1.29% on Saturday. Following a 0.02% slip on Friday, Bitcoin ended the day... The Crypto Daily –... Bitcoin, BTC to USD, fell by 1.47% on Sunday. Reversing a 1.29% gain from Saturday, Bitcoin ended week up... 𝐆𝐁𝐏/𝐔𝐒𝐃 𝐏𝐑𝐈𝐂𝐄 𝐀𝐍𝐀𝐋𝐘𝐒𝐈𝐒: 𝟏𝟎𝟎-𝐃𝐀𝐘... GBP/USD retraces from the multi-day low to 1.2812 during the early Friday morning in Asia. Even so, 100-day EMA... AUD/USD jumps 20 pips... The uptick in the US stock futures lifts AUD/USD. Political tensions and weakness in commodities could cap AUD's upside. On the... What is forex? What is forex? Quite simply, it’s the global market that allows one to trade two currencies against each other. If you... What Is Traded In... What is traded in forex? The simple answer is MONEY. Because you’re not buying anything physical, forex trading can be confusing... Buying And Selling Currency... Forex trading is the simultaneous buying of one currency and selling another. Currencies are traded through a broker or dealer... Forex Market Size And... The bulk of forex trading takes place on what’s called the “interbank market“. Unlike other financial markets like the New... The Different Ways To... Because forex is so awesome, traders came up with a number of different ways to invest or speculate in... How to Make Money... What is forex trading? How does forex trading work? In the forex market, you buy or sell currencies. Placing a trade in... Know When to Buy... Forex trading involves trying to predict which currency will rise or fall versus another currency. How do you know when... What is a Pip... Here is where we’re going to do a little math. Just a little bit. You’ve probably heard of the terms... What is a Lot... Forex is commonly traded in specific amounts called lots, or basically the number of currency units you will buy... Impress Your Date with... As in any new skill that you learn, you need to learn the lingo… especially if you wish to... Types of Forex Orders “Would you like pips with that?” Okay, not that type of order. An order is an offer sent using your broker’s... Demo Trade Your Way... You can open a demo account for FREE with most forex brokers. These “pretend” accounts have most of the... Can You Get Rich... Before we go any further, we are going to be 100% honest with you and tell you the following... Forex Trading Sessions Now that you know what forex is, why you should trade it, and who makes up the forex market,... When Can You Trade... For traders living in Murica (“America”), the trading day actually begins on Sunday night at 5:00 pm EST (9:oo... When Can You Trade... Just when Asian market participants are starting to close shop, their European counterparts are just beginning their day. While there... When Can You Trade... Right as European traders are getting back from their lunch breaks, the U.S. session begins at 8:00 am EST... Best Times of Day... Quick pop quiz! What time of the day are TV ratings highest? If you said during prime time, then... Best Days of the... So now we know that the London session is the busiest out of all the other sessions, but there... Forex Market Structure For the sake of comparison, let us first examine a market that most folks are probably very familiar with:... Forex Market Players Now that you know the overall structure of the forex market, let’s delve in a little deeper to find... Know Your Forex History! At the end of the World War II, the whole world was experiencing so much chaos that the major... Why Trade Forex: Advantages... There are many benefits and advantages of trading forex. Here are just a few reasons why so many people are... Why Trade Forex: Forex... There are approximately 2,800+ stocks listed on the New York Stock exchange. Another 3,300+ are listed on the NASDAQ. Which... Why Trade Forex: Forex... It’s not just the stock market. The forex market also boasts of a bunch of advantages over the futures... NZD/USD: Struggles to defy... NZD/USD attempts recovery around 0.6650 during Friday’s Asian session. However, mixed set of data and heavy blocks to the market’s... What is Margin Trading? The biggest appeal that forex trading offers is the ability to trade with margin. But for many forex traders, “margin”... What is Account Balance? What does “Account Balance” mean? In order to start trading forex, you need to open an account with a retail... What is Unrealized P/L... In your trading platform, you will see something that says “Unrealized P/L” or “Floating P/L” with green or red... What is Margin? What is margin? When trading forex, you are only required to put up a small amount of capital to open... What is Used Margin? What does “Used Margin” mean? In order to understand what Used Margin is, we must first understand what Required Margin... What is Equity? What does “Equity” mean? The account equity or simply “Equity” represents the current value of your trading account. Equity is the... What is Free Margin? What does “Free Margin” mean? Margin can be classified as either “used” or “free”. Used Margin, which is just the aggregate... What is Margin Level? What does “Margin Level” mean? The Margin Level is the percentage (%) value based on the amount of Equity versus... What is a Margin... What does “Margin Call Level” or “Margin Call” mean? In forex trading, the Margin Call Level is when the Margin... What is a Stop... What does “Stop Out Level” or “Stop Out” mean? The Stop Out Level is similar to the Margin Call Level,... Trading Scenario: Margin Call... Let’s now take all the margin jargon you’ve learned from the previous lessons and apply them by looking at... Trading Scenario: Margin Call... Different retail forex brokers and CFD providers have different margin call policies. Some only operate only with Margin Calls,... Trading Scenario: What Happens... What happens if you open a trading account with just $100? Or €100? Or £100? Since margin trading allows you to... Warning: Different Forex Brokers... Each retail forex broker or CFD provider sets their own Margin Call Level and Stop Out Level. It’s crucial to... The Relationship Between Margin... What is the relationship between Margin and Leverage? You use margin to create leverage. Leverage is the increased “trading power” that... Margin Jargon Cheat Sheet As you dive into the world of margin trading, it may feel like you have to learn an entirely... How to Avoid a... Trading on margin is a way for traders with limited capital to make significant profits (or losses). If you fail... History of Retail Forex... Now that you know a little about forex, you’re probably itching to start your pippin’ adventures. But before you set... Forex Broker Types: Dealing... The first step in choosing a forex broker is finding out what your choices are. You don’t just walk into... Dealing Desk vs. No... Which type of broker should I choose? A dealing desk broker? Or a no dealing desk broker? That’s completely up... What is a Spread... Forex brokers will quote you two different prices for a currency pair: the bid and ask price. The “bid” is... 6 Crucial Things to... The retail forex market is so competitive that just thinking about having to sift through all the available brokers... Beware of Forex Bucket... Here are the bad guys we keep mentioning earlier. Forex bucket shops are brokerage firms that have “questionable” trading practices... How to Protect Yourself... While you may feel like a dwarf among big bad brokers, it doesn’t mean that you have to take... How to Open a... So after demo trading on at least three broker platforms, you’ve narrowed down your choice to a single forex... 3 Types of Forex... By now you’ve learned some history about the forex, how it works, what affects the prices, blah blah blah. ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ. This... Technical Analysis Technical analysis is the framework in which traders study price movement. The theory is that a person can look at... Fundamental Analysis Whereas technical analysis involves poring over charts to identify patterns or trends, fundamental analysis involves poring over economic data... Sentiment Analysis Sentiment analysis is used to gauge how other traders feel about a particular currency pair. Earlier, we said that price... Which Type of Analysis... Ahhhh, the million-dollar question… Throughout your journey as an aspiring forex trader, you will find strong advocates for each type... 3 Types of Forex... In order to study how the price of a currency pair moves, you need some sort of way to... Leading vs. Lagging Indicators In the previous grade, popular chart indicators were discussed. We’ve already covered a lot of tools that can help you... How to Use Oscillators... An oscillator is any object or data that moves back and forth between two points. In other words, it’s an... How to Use MACD... So how do we spot a trend? The indicators that can do so have already been identified as MACD and... Summary: Leading and Lagging... Many forex traders use technical indicators as part of their technical analysis toolbox. We’ve gone through the two types of technical indicators based on... Chart Patterns Schmatterns By now you have an arsenal of weapons to use when you battle the market. In this lesson, you... How to Trade Double... When a double top or double bottom chart pattern appears, a trend reversal has begun. Let’s learn how to identify... How to Trade the... The head and shoulders chart pattern is a reversal pattern and most often seen in uptrends. Not only is head... How to Trade Wedge... Wedges signal a pause in the current trend. When you encounter this formation, it signals that forex traders are... How to Use Rectangle... A rectangle is a chart pattern formed when price is bounded by parallel support and resistance levels. A rectangle exhibits... How to Trade Bearish... Similar to rectangles, pennants are continuation chart patterns formed after strong moves. After a big upward or downward move, buyers... How to Trade Triangle... A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides... Know the 3 Main... That’s a whole lot of chart patterns we just taught you right there. We’re pretty tired so it’s time... Chart Patterns Cheat Sheet Like we promised, here’s a neat little cheat sheet to help you remember all those chart patterns and what... Forex Pivot Points What are pivot points? Professional forex traders and market makers use pivot points to identify potential support and resistance levels. Simply... How to Calculate Pivot... The first thing you’re going to learn is how to calculate pivot point levels. The pivot point and associated support... How to use Pivot... The simplest way to use pivot point levels in your forex trading is to use them just like your... How to use Pivot... Just like your normal support and resistance levels, pivot point levels won’t hold forever. Using pivot points for range trading... How to Use Pivot... There is one other way to incorporate pivot points into your forex trading strategy, and that’s to use it... Know the 3 Other... The standard method of calculating pivot points is NOT the only way to calculate pivot points. Traders have worked on... What is Heikin Ashi? Heikin Ashi? You’re probably familiar with the three popular chart types: line chart, bar chart, and the candlestick chart. But there’s... Heikin Ashi Candlestick Chart... How is Heikin Ashi different from a typical candlestick? Let’s learn the difference between a Heikin Ashi candlestick versus a... How to Calculate Heikin... How do you calculate Heikin Ashi? Let’s learn how Heikin Ashi candlesticks are calculated and plotted on a chart. Like we... How to Use a... How do you use Heikin Ashi? Now that you’ve learned how to calculate Heikin Ashi candlesticks, let’s discuss how to... How to Trade Using... How do you trade Heikin Ashi? As mentioned in a previous lesson, using a Heikin Ashi chart makes trends easier... Limitations of Heikin Ashi What are the limitations of Heikin Ashi? Unfortunately, Heikin Ashi is not the holy grail. Heikin Ashi definitely ain’t no Ed... Heikin Ashi Cheat Sheet Heikin Ashi is a type of price chart that consists of candlesticks. Modified Japanese candlesticks. A Heikin Ashi chart filters market... Elliott Wave Theory Back in the old school days of the 1920-30s, there was this mad genius and professional accountant named Ralph... Impulse Waves Mr. Elliott showed that a trending market moves in what he calls a 5-3 wave pattern. The first 5-wave pattern... Corrective Waves The 5-wave trends are then corrected and reversed by 3-wave countertrends. Letters are used instead of numbers to track the... Fractals: Elliott Waves Within... Like we mentioned earlier, Elliott waves are fractals. Each wave is made of sub-waves. Huh? Let me show you another picture.... 3 Cardinal Rules of... As you may have guessed, the key to using the Elliott Wave Theory in trading is all about being... How to Trade Forex... This is probably what you all have been waiting for – drumroll please – using the Elliott Wave Theory... Summary: Elliott Wave Theory Here’s a summary of what we covered regarding the Elliott Wave Theory: Elliott Waves are fractals. Each wave can be split into... Harmonic Price Patterns in... Now that you’ve got the basic chart patterns down, it’s time to move on and add some more advanced... The ABCD and the... The ABCD Let’s start this lesson with the simplest harmonic pattern. So what could be more basic than the good... Trading The Gartley Pattern Once upon a time, there was this insanely smart trader dude named Harold McKinley Gartley. He had a stock market... 3 Steps to Trading... As you may have guessed, profiting off Harmonic Price Patterns is all about being able to spot those “perfect” patterns and... Summary: Harmonic Price Patterns Harmonic price patterns enable us to distinguish possible areas for a continuation of the overall trend. Six Harmonic Price Patterns There... Trading Divergences What if there was a low-risk way to sell near the top or buy near the bottom of a... Regular Divergence What is a regular divergence? A regular divergence is used as a possible sign for a trend reversal. There are two types of... Hidden Divergence Hidden Divergence We covered regular divergences in the previous lesson, now let’s discuss what hidden divergences are. What’s a hidden divergence? Divergences... How To Trade Divergences Now it’s time to put those Jedi divergence mind tricks to work and force the markets to give you... How to Avoid Entering... While using divergences is a great tool to have in your trading toolbox, there are times when you might... 9 Rules for Trading... Divergences are used by traders in an attempt to determine if a trend is getting weaker, which may lead... Divergence Cheat Sheet Have you had your fill on learning how to trade divergences? Let’s review! Divergence is a popular concept in technical analysis that describes... Divergences are NOT a... Please keep in mind that we use divergence as an INDICATOR, not as a signal to enter a trade! It... Know Your Trading Environment When two people go to war, the foolish man always rushes blindly into battle without a plan, much like... What is a Trending... What is a trending market? A trending market is one in which price is generally moving in one direction. Sure, the... What is a Range-Bound... What is a range-bound market? A range-bound market is one in which price bounces in between a specific high price... Trend Retracement or Reversal? Imagine this scenario. Price starts to rise. Keeps rising. Then it starts falling. And falling some more. And then it... How to Identify Reversals Properly distinguishing between retracements and reversals can reduce the number of losing trades and even set you up with... Protect Yo Self From... Whenever Happy Pip goes swimming at the beach or the pool, she always wears her hot pink rubber ducky... How to Trade Breakouts What are breakouts and how can I take advantage of them? Unlike the breakouts you might have had as a... How to Measure Volatility Volatility is something that we can use when looking for good breakout trade opportunities. Volatility measures the overall price fluctuations... Types of Breakouts Breakout begins with eight rows of bricks, with each two rows a different color. The color order from the bottom... How to Trade Breakouts... Just like breakouts on your face, the nice thing about breakout trading in forex is that opportunities are pretty... How to Measure the... As you learned earlier, when a trend moves for an extended period of time and it starts to consolidate,... How to Detect Fakeouts Breakouts are popular among forex traders. It makes sense right? When price finally “breaks” out of that support or resistance level,... Fade the Breakout Fade the breakout you say? Was that just a typo? Did you mean to say, “trade the breakout”? Nope! Fading breakouts... How to Trade Fakeouts In order to fade breakouts, you need to know where potential fakeouts can occur. Potential fakeouts are usually found at... Summary: Trading Breakouts and... Trading Breakouts With breakout trades, the goal is to enter the market right when the price makes a breakout and... What is Fundamental Analysis? Along your travels, you’ve undoubtedly come across Gulliver, Frodo, and the topic of fundamental analysis. Wait a minute… We’ve already given... Why Interest Rates Matter... Interest rates make the forex world go ’round! In other words, the forex market is ruled by global interest rates. A... How Monetary Policy Affects... As we mentioned earlier, national governments and their corresponding central banking authorities formulate monetary policy to achieve certain economic... Hawkish and Dovish Central... We just learned that currency prices are affected a great deal by changes in a country’s interest rates. We now... Fundamental Factors That Affect... There are several fundamental factors that help shape the long-term strength or weakness of the major currencies and will... Where to Find Forex... A quick Yahoogleing (that’s Yahoo, Google, plus Bing) search of “forex + news” or “forex + data” returns a... Market Expectations of News... There’s no one “All in” or “Bet the Farm” formula for success when it comes to predicting how the... What is a Currency... Back in the ancient days, if someone wanted to change currencies, they would first have to convert their currencies... Why Trade Currency Crosses? Over 80% of the transactions in the forex market involve the U.S. dollar. This is because the U.S. dollar is... Currency Crosses Are Trend-y Since a majority of the forex market will deal with the U.S. dollar, you can imagine that many of... Trade Interest Rate Differentials By selling currencies whose country has a lower interest rate against currencies whose country has a higher interest rate,... Be Careful Trading Obscure... While the euro and yen crosses are the most liquid crosses, more currency crosses exist that don’t even include... Summary: Pivot Points Here are some easy-to-memorize tips that will help you to make smart pivot point trading decisions: Pivot points are a... How to Trade Fundamentals... If strong economic data comes out of Australia, you might want to look at buying the AUD. Your first... How to Trade a... Sometimes institutional forex traders can’t trade certain currency crosses because they trade in such high volume that there isn’t... Trading the Euro and... After the U.S. dollar, the euro and yen are the most traded currencies. And like the U.S. dollar, the euro... How to Use Currency... Even if you don’t ever want to trade the currency crosses and simply stick to trading the majors, you... How Cross Currency Pairs... Let’s pretend the Fed announces they will raise interest rates. The market quickly starts buying the U.S. dollar across all... Summary: Currency Crosses As you’ve learned, there are many, many trade opportunities presenting themselves in the forex market other than figuring out... Trading Multiple Time Frames... Multiple. Time. Frame. Analysis. Multi-time frame ana… WHAT?! Chill out young padawan, it ain’t as complicated as it sounds! You’re almost done... What Time Frame Should... One of the reasons newbie forex traders don’t do as well as they should is because they’re usually trading... What Time Frame Is... What time frame is best for trading? Well, just like everything in life, it all depends on YOU. Do you like... Why You Should Look... Before we explain how to do multiple time frame analysis for your forex trading, we feel that it’s necessary... How to Use Multiple... No, we aren’t about to break out into song like the Glee cast. Here at BabyPips.com, we’ve got our version... Trading With Three Time... Here at the BabyPips.com School of Pipsology, we like using three time frames. We feel that this gives us the... Summary: Multiple Time Frame... So now you’re done! Now you can add multiple time frame analysis to your forex trading tool box! Using multiple... Market Sentiment How’s Mr. Market Feeling? Every forex trader will always have an opinion about the market. “It’s a bear market, everything is... Commitment of Traders Report The COT Report The Commodity Futures Trading Commission, or CFTC, publishes the Commitment of Traders report (COT) every Friday, around... How to Find the... Step 1: Open up the address below in your web browser.(http://www.cftc.gov/marketreports/commitmentsoftraders/index.htm) Step 2: Once the page has loaded, scroll down a couple... Understanding the COT Report In order to understand the futures market, first you need to know the people making the shots and those... How to Use the... Since the COT report comes out weekly, its usefulness as a market sentiment indicator would be more suitable for... How to Pick Tops... As you would’ve guessed, ideal places to go long and short are those times when sentiment is at an... How to Create Your... Having your very own COT indicator is like having your own pony. Using the COT report can be quite useful... How to Interpret the... Now that we know how to determine sentiment extremes, what’s next? Recall that not every sentiment extreme results in a... Summary: Market Sentiment Did those thousand-pip moves excite you? Before we start betting the farm based on our analysis of the COT report,... News Makes the Forex... It’s not enough to only know technical analysis when you trade. It’s just as important to know what makes... Beginner’s Guide to Forex... As forex traders, it’s important to pay attention to major economic data releases, speeches from government officials, and geopolitical... How to Trade Forex... Before developing a ‘Trade the News” strategy, we have to look at which news events are even worth trading. You... 2 Ways to Trade... There’s no single strategy for trading the news. When the news hits, the price tends to spike in one direction... How to Trade the... Let’s now see how to trade the news with a directional bias in a trading scenario. Let’s go back to... How to Trade the... What if there was a way to make money quickly even if you had no idea whether the market... Summary: Trading the News When trading the news, you can either have a directional bias or a non-directional bias. Here are some other things... What is the Carry... Did you know there is a trading strategy that can make money if price stayed exactly the same for... What is a Currency... In the forex market, currencies are traded in pairs (for example, if you buy USD/CHF, you are actually buying... Know When Carry Trades... When Do Carry Trades Work? Carry trades work best when investors feel risky and optimistic enough to buy high-yielding currencies... Carry Trade Criteria and... Carry Trade Criteria It’s pretty simple to find a suitable pair to do a carry trade. Look for two things: Find... Summary: Carry Trade A carry trade is when you borrow one financial instrument (like USD currency) and use that to buy another... What is the US... If you’ve traded stocks, you’re probably familiar with all the indices available such as the Dow Jones Industrial Average... How to Read the... Just like any currency pair, the US Dollar Index (USDX) even has its own chart. Holler at the U.S. Dollar... How to Use the... I bet you’re wondering, “How do I use this USDX in my trading arsenal?” Well, hold your trigger finger and... Trade Weighted Dollar Index There is also another kind of U.S. dollar index. It was created by the Federal Reserve and is now used... Bloomberg Dollar Spot Index The Bloomberg Dollar Spot Index (BBDXY) tracks the performance of a basket of 10 global currencies against the U.S.... The Dollar Smile Theory Ever wonder why the U.S. dollar strengthens both in times of tough luck and when the economy is booming... How Oil Moves with... Let’s talk about the other kind of gold… the black one. As you may know, crude oil is often referred... How Gold Affects AUD/USD... Before we detail the relationship between the com-dolls and gold, let’s first note that the U.S. dollar and gold... The U.S. Dollar And... Historically, the price of oil is inversely related to the price of the U.S. dollar. The explanation for this relationship... How Bond Yields Affect... A bond is an “IOU” issued by an entity when it needs to borrow money. These entities, such as governments,... How Bond Spreads Between... The bond spread represents the difference between two countries’ bond yields. These differences give rise to carry trade, which we... How Fixed Income Securities... A quick recap: So far, we’ve discussed how differences in rates of return can serve as an indicator of... Forex and Global Equity... Did you know that equity markets can also be used to help gauge currency movement? In a way, you can... The Relationship Between Stocks... One issue with using global equity markets to make forex trading decisions is figuring out which leads which. It’s like... How the Stock Market... Let’s see how the forex market can affect the stock market, specifically stock indexes. When people talk about the stock... How to Use EUR/JPY... As we said earlier, in order for someone to invest in a particular stock market, one would need the... Intermarket Analysis Cheat Sheet Intermarket analysis studies the relationships between asset classes, typically currencies, bonds, commodities, and stocks. It can help traders generate broader... The Forex Trader’s Guide... Today we’re going to take a trip around the world, but it ain’t gonna take 80 days. If you’re fast... United States of America The United States of America is comprised of 50 states and a federal district. The majority of the country can... Eurozone The European Union (EU) is a brotherhood of 27-member states which started from a tiny gang of six neighboring... United Kingdom The United Kingdom is a land of many accents as it is actually composed of four countries – England,... Japan Konichiwa! Located in East Asia, Japan is an archipelago of 6,852 islands, although a majority of its landmass is... Canada Oh Canada… Uncle Sam’s friendly, environment-loving, French-influenced, semi-frozen buddy up north. It is a place known to have created some... Australia Officially known as the Commonwealth of Australia, Australia could be found somewhere in the Southern Hemisphere, just southeast of... New Zealand If you’ve seen the Lord of the Rings, then you probably know that Middle Earth is located somewhere along... China Welcome to the grown-ups’ table, China! If all you know about China is that it has the world’s largest population... What is a Trading... Now that you’re about halfway through our College of Forex, here’s one piece of advice you should always remember. Be... Why Do Forex Traders... A trading plan will make trading simpler than it would be if you traded without one. Think of when you... Why Trading Discipline is... What’s wrong with deviating from your forex trading plan if you make a profit anyway? Making an occasional winning trade,... How To Find A... The first step in building a trading plan is to realistically take a holistic view of yourself. The foundation of... What is Your Motivation... Why do you want to become a forex trader? Is it to become filthy rich? Is it for the thrill? Is... What Is Your Risk... How are your personal finances? You need to determine if you can even afford to trade. Forex trading should only be... How Much Time Can... You need to seriously consider how much trading will affect your current lifestyle. How much time each day/week/month (whichever is... Which Kind Of Returns... I want to make some money! Ahhh. Of course, anybody who’s interested in forex trading certainly has ambitions of raking... What Is Your Daily... What is your daily pre-trading routine? Waking up doesn’t count. Having a pre-market routine is important. Don’t think you can just jump... What Forex Trading Software,... What “toys” will you use for your forex trading profession? Write down the hardware, software, data feeds, furniture, and internet... 21 Questions You Should... One of the leading causes for the failure of many businesses is their lack of planning. If you want to... Stick With Your Trading... A forex trading plan is only effective if it’s followed. You have to stick to it. It sounds simple to do.... Summary: Developing a Trading... The difference between making money and losing money can be as simple as trading with a plan or trading... Know The Different Types... Each trader is unique. There are over 8 billion people in the world (including space aliens disguised as humans and... Scalping Scalping is like those high action thriller movies that keep you on the edge of your seat. It’s fast-paced,... Day Trading Day trading is a popular trading strategy where you buy and sell a financial instrument over a time frame... Swing Trading Swing trading is best suited for those who have full-time jobs or school but have enough free time to... Position Trading Position trading is the longest term trading and can have trades that last for several months to several years! Position... What Type of Forex... In the previous lessons, we went through a variety of trading styles. Hopefully, you can identify which one may match you... How To Create A... So far, we’ve taught you how to develop your trading plan. We’ve also discussed how important it is for... Design Your Trading System... The main focus of this lesson is to guide you through the process of designing your own forex trading... Build Your Trading System... Now that you’ve learned the basics of technical analysis. Let’s now combine all this information and build a simple... What Time Frame Should... What time frame should you trade your system on? The smaller the timeframe, the more difficult it is to develop... The “So Easy It’s... As you can see, we have all the components of a good forex trading system. First, we’ve decided that this... Summary: Creating Your Own... There are many systems out there that work, but many forex traders lack the discipline to follow the rules... Why You Need A... You need to keep a trading journal. Journaling?!? Isn’t that only for silly high school girls who write about their silly... Switzerland Switzerland was founded in 1291 and is located in the middle of western Europe and shares much of its... 5 Reasons To Keep... Okay, enough with the doom and gloom. Let’s just say that most expert traders keep a trading journal and... 5 Things You Must... The answer to that question is simple…Everything!!! You record everything you feel and do before the trade, during the trade,... Potential Trading Area You need to have a valid reason for every trade you enter. This is also known as logic or... Entry Trigger The entry trigger tells you when to “fire!” Your entry trigger tells you that once you’re in the potential trade... Position Sizing How big should your position be? This is the easy one. You must decide, based on your risk management rules... Trade Management Rules You need to have a game plan in place BEFORE you even consider getting in the trade. That game plan... Trade Retrospective Being retrospective means to take a look back at events that already have taken place. Once you’ve finished trading, it... Trading Performance Statistics While your bottom line (total profit or loss) can easily tell you your overall trading performance, keeping statistics is... Reviewing Your Trading Journal After a good number of trades, you will have collected a lot of fancy-schmancy data and observations on the... Keeping A Trading Journal... Keeping a trading journal is hard. But so is losing all your trading capital, failing as a forex trader, giving... Summary: Keeping a Trade... Your trade journal is a log of all trading activity. A trading journal provides any serious trader who wishes to... Introduction to MetaTrader 4 Congratulations! If you’ve made your way to this lesson, it means that you’re now ready to open a demo... MT4 Basics: How to... Now that you’ve set up your MT4 account, it’s time to learn how to use it! We know, we know.... MT4 Basics: How to... Now that you’ve had a little bit of practice with the indicator tools that the MT4 platform provides, it’s... MT4 Basics: How to... Not all trading platforms are created equal. Heck, even MT4 platforms aren’t all the same! They come with different sets... What Is Risk Management? Risk management is one of the most important topics you will ever read about trading. Why is it important? Well,... How Much Trading Capital... It takes money to make money. You need trading capital. Everyone knows that, but how much does one need to... Drawdown and Maximum Drawdown... So we know that risk management will make us money in the long run, but now we’d like to... Never Risk More Than... How much should you risk per trade? Great question. Try to limit your risk to 2% per trade. But that might even... Reward-to-Risk Ratio To increase your chances of profitability, you want to trade when you have the potential to make 3 times... Study Your Losses to... Traders are often so fixated on their winning trades that they totally ignore their losing trades. But it’s from your... Summary: Risk Management Be the casino, not the gambler! Remember, casinos are just very rich statisticians! It takes money to make money. Everyone knows... Ignoring Leverage: Why Most... Most professional forex traders and money managers trade one standard lot for every $50,000 in their account. If they traded... Leverage and Margin Explained Let’s discuss leverage and margin and the difference between the two. What is leverage? We know we’ve tackled this before, but... Be Careful Trading On... Margin can be thought of as a good faith deposit or collateral that’s needed to open a position and... Margin Call Explained Assume you are a successful retired British spy who now spends his time trading currencies. You open a mini... See How Leverage Can... Hopefully, we’ve done our job and you now have a better understanding of what “margin” is. If you don’t know... Low Leverage Allows New... As a trader, it is crucial that you understand both the benefits AND the pitfalls of trading with leverage. Using... How Leverage Affects Transaction... Besides amplifying your losses, leverage also has another way of killing you. It’s a much slower kind of death though,... Never Underestimate Leverage Most beginners underestimate the potentially devastating damage leverage can wreak on their accounts. Understanding leverage enough to know when to... Position Sizing Now that we’ve learned the hard lesson of trading too big, let’s get into how to correctly use leverage... Calculating Position Sizes To make things easier for you to understand, as usual, we’ll be explaining everything with an example. This is Newbie... How to Calculate Your... Let’s say you want to buy EUR/GBP and your broker account is denominated in USD. In this trade, you only... Summary: Position Sizing After journeying across the globe with Newbie Ned, and through some basic position sizing examples, you’re well on your... What is a Stop... Managing and preserving your trading capital is your most important job as a trader. If you lose all of your... How To Set A... Let’s start off with the most basic type of stop: the percentage-based stop loss. The percentage-based stop uses a predetermined... How To Set A... The previous lesson discussed how to set stop loss using a percentage-based amount of your account. A more sensible way... How To Set A... To put it in simple terms, volatility is the amount a market can potentially move over a given time. Knowing how much... How To Set A... Time stops are stops you set based on a predetermined time in a trade. It could be a set time... 4 Big Mistakes Traders... Let’s talk about the four biggest mistakes traders make when using stop losses. We always stress using proper risk management... 3 Rules To Follow... Once you’ve done your homework and created an awesome trade plan that includes a stop out level, you now... Summary: Setting Stops Well there you have it… BabyPips.com’s awesome primer to setting stop losses. Now let’s review the things you need to... Scaling In And Out... Now that you know how to set proper stops and calculate the correct position size, here’s a lesson on... How To Scale Out... As mentioned earlier, scaling out has the obvious benefit of reducing your risk as you are taking away exposure... How To Scale In... In the previous lesson, we discussed how to scale OUT of a trade. Now, we show you how to... How To Add To... Now on to the fun stuff. If you catch a great trending move, scaling into it is a great... Summary: Scaling In and... There we have it… the coolest guide EVER on scaling in and out of your trades. Let’s see how much... How To Read Currency... Are you a visual learner? Do you like looking at sexy women or hunky men? If so, perfect! Take a... Are You Doubling Your... When you are simultaneously trading multiple currency pairs in your trading account, always make sure you’re aware of your... 5 Reasons Why Factoring... Currency correlation tells us whether two currency pairs move in the same, opposite, or totally random direction, over some... Be Careful! Currency Correlations... The forex market is like a schizophrenic patient suffering from bipolar disorder who constantly eats chocolates, experiences extreme sugar... How To Calculate Currency... As you’ve read, correlations will shift and change over time. So keeping on top of current coefficient strengths and... Summary: Currency Correlations Like synchronized swimmers, some currency pairs move in tandem with each other. And like magnets of the same poles that... The 5 Deadly O’s... Did you know that the five deadliest factors that cause traders to fail are self-inflicted? Many traders self-sabotage their own... How to Lose All... Do you want to learn how to make all the money you just deposited in your trading account quickly... Tips for Forex Trading... As a beginner, you’ve taken your first steps towards learning the basics of forex trading. But it only gets harder... What Makes a Good... What separates good traders from bad traders? A good trader realizes that trading is patience, discipline, and requires a trading... Forex Managed Accounts Don’t have time to learn how to trade forex? Want to be part of the Billionaire’s Club? If you answered... Currency Correlation Explained Have you ever noticed that when a certain currency pair rises, another currency pair falls? Or how about when that... Forex Scams “Buy my ‘End of the Rainbow’ system and you’ll be able to make at least 100,000,000%!!!” It’s like finding the... Forex Robots Forex robot scams encompass Expert Advisors (also famously known as EAs) and other automated trading systems. What is a forex... Forex Signals Forex signal services do everything a robot does except the actual execution of trade entries. Besides possibly using an automated... Forex Broker Scams Watch out for forex broker scams! Believe it or not, there are some brokers who “cheat” their clients. One way they... U.S. Regulatory Agencies Despite the forex market being the largest financial market in the world, it remains largely unregulated. There is no international... Foreign Regulatory Agencies UK: The FCA and PRA If you live in the U.K., the Financial Conduct Authority (FCA) and Prudential Regulation Authority... How To Protect Yourself... So what have we learned? Scams ARE real! Yes! Really bad people are out there trying to make a dishonest living.... What Are Options? Before we dive into binary options, it’s important to get a basic understanding of what options are and how... What Are Binary Options? Don’t be intimidated! Its name may sound complicated, but binary options are arguably a simpler way to trade than... How To Make Money... Now that we have a basic idea on how binary option trades work, let’s take a look at a... 3 Types Of Binary... The main factor when talking about payouts is the type of binary option traded. The option trade example given in... Market Analysis For Binary... Remember back when you enrolled yourself into the School of Pipsology, we talked about “The Big Three” types of... Are Binary Options Regulated? Binary options trading is the new kid on the block, gaining the attention of regulators only recently as it... Binary Options Vs. Forex Binary options trading has long existed over-the-counter, only experiencing a massive growth spurt in the last few years. Now, approximately... Quiz: Which Trading Style... During Junior Year in the School of Pipsology, we learned that each forex trader is unique and that various... Quiz: Which Currencies Should... Each currency pair is unique. As Dr. Pipslow said about finding your trading niche, each set of currency pairs... Quiz: What Is Your... Are you a noob struggling to make sense of all the seemingly complicated trading concepts? Or are you an... Quiz: What Is Your... Some forex traders live and die by indicators while others couldn’t care less about them. Some rely heavily on their... Quiz: What Kind Of... We learned all about mechanical trading systems in the School of Pipsology. We even learned how to design and build... Quiz: What Is Your... More often than not, your attitude towards risk is crucial to determining the success of your forex trading endeavor. This... Quiz: What Kind Of... We here at BabyPips.com can’t stress enough how important proper risk management is to succeed in forex trading. To help... Graduation Speech! Congratulations! You made it! You’ve read all six gazillion pages of the School of Pipsology and now you have everything... Time Is Your Most... A common mistake by many new traders is that they think they can make money… fast! While it’s true you... Trade Like an FX... Meet Arnold. Arnold is from Pipfornia and is a bodybuilder chef who trades. Like many other traders, he has a mechanical... Never Make the First... Unless you’re a good lookin’ dude (like Pip Surfer – holler!) who’s trying to win over his lady crush,... Focus on the Process.... We’ve made the School of Pipsology as easy and fun as we could to help you learn and understand... Holy Cow! There’s No... Ask any quant on Wall Street (the super geeky math and physics PhDs who create complex algorithmic trading strategies)... Be Patient. Stay Disciplined. Patience. It’s a virtue…Especially with forex trading. Arnold H. Glasgow, an American humorist, once said, “The key to everything is patience.... Love The Forex Game In his prime, NBA legend Kobe Bryant MADE 1,000 shots a day in practice to increase his chances of... USD/CAD SLIDES TO TWO-WEEK... The USD/CAD pair remained depressed through the early European session and dropped to two-week lows, around the 1.3265 region in the... USD/JPY: DESCENDING CHANNEL REMAINS... USD/JPY Monday’s open at 105.61 and Friday’s end at 105.38 evidence the lack of overall direction. The reigning down-channel continues... EUR/USD TO SLUMP IF... EUR/USD has been attempting to bounce amid hopes that Trump leaves the hospital. The greenback may rise if the... EUR/USD: POLITICS SIGNALS WILD... The main market motor last week was the risk-related sentiment, centred around a US stimulus bill and a post-Brexit... Dollar Drifts Ahead of... The US Dollar drifted lower as hopes were revived that a new stimulus package would soon be made available... EUROPEAN STOCKS GAIN ON... On Monday morning risk appetite took over the European stock markets after the White House reported that US President... POUND EYED AS MARKETS... Over the weekend, members of the leadership from Britain and the EU agreed to work toward closing significant gaps... JAPANESE YEN FORECAST: MOMENTUM... Japanese Yen Forecast Overview: The Japanese Yen continues to weaken as risk appetite has firmed on the back of US President... GOLD PRICE REBOUND UNRAVELS... Further delays in passing another round of US fiscal stimulus may continue to weigh on gold asthe precious metal fails to... CRUDE OIL PRICE AT... CRUDE OIL PRICE AT RISK AFTER TRUMP SQUASHES STIMULUS HOPES President Trump riled capital markets Tuesday afternoon when he announced an... CHINESE YUAN (CNH) DRIVING... CHINESE YUAN AMONG THE KEY DRIVERS IN THE G10 The Chinese Yuan appears to be the main currency driver behind... EUR/AUD BREAKOUT COULD GROW... EUR/AUD has had significant play around the 16555 level since early 2019, with the origination of the level dating... IG CLIENT SENTIMENT DATA... MARKET SENTIMENT ANALYSIS: Traders remain concerned about the limited progress on a US fiscal stimulus package, the upcoming US election... CRUDE OIL PRICES MAY... CRUDE OIL & GOLD TALKING POINTS: Crude oil prices edge up on US fiscal stimulus hopes, upbeat data flow Soundbites from Washington... IRELAND'S MCGRATH: OUTLOOK FOR... The Irish Minister for Public Expenditure and Reform, Michael McGrath, echoed Foreign Minister Simon Coveney’s optimism on a potential... COPPER PRICE FORECAST: US... Copper retraced a portion of its recent break higher over the previous two trading sessions. The COMEX futures price... RAND UPDATE: ZAR STRENGTH... The South African Rand has continued to strengthen against the US dollar in the aftermath of President Ramaphosa’s announcement of the... GOLD BATTLES WITH RESISTANCE,... Gold continues to print fresh short-term higher lows and the precious metal is currently trapped between the supportive 20-day... BRITISH POUND (GBP) LATEST:... GBP/USD looks set to consolidate near-term after its jump Wednesday to its highest level since September 7, more than six... COVID CONCERNS AND FADING... A risk-off mood has taken over markets as coronavirus cases surge in Europe and the US. Fiscal stimulus talks... When is the German... The German IFO Business Survey Overview The German IFO survey for October is due for release later today at 0900... USD/CAD jumps to fresh... - 𝗔 𝗰𝗼𝗺𝗯𝗶𝗻𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗳𝗮𝗰𝘁𝗼𝗿𝘀 𝗮𝘀𝘀𝗶𝘀𝘁𝗲𝗱 𝗨𝗦𝗗/𝗖𝗔𝗗 𝘁𝗼 𝗴𝗮𝗶𝗻 𝘀𝗼𝗺𝗲 𝘀𝘁𝗿𝗼𝗻𝗴 𝘁𝗿𝗮𝗰𝘁𝗶𝗼𝗻 𝗼𝗻 𝗠𝗼𝗻𝗱𝗮𝘆. - 𝗧𝗵𝗲 𝗿𝗶𝘀𝗸-𝗼𝗳𝗳 𝗺𝗼𝗼𝗱 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘁𝗲𝗱 𝘁𝗵𝗲... China will improve yuan... SHANGHAI (Reuters) China will seek to improve the flexibility of its yuan currency and will reduce restrictions on cross-border use... Dollar Down, U.S.-China Tensions... 𝗧𝗵𝗲 𝗨𝗦𝗗/𝗝𝗣𝗬 𝗽𝗮𝗶𝗿 𝗶𝗻𝗰𝗵𝗲𝗱 𝗱𝗼𝘄𝗻 𝟬.𝟭𝟬% 𝘁𝗼 𝟭𝟬𝟰.𝟳𝟭. The USD/CNY pair edged down 0.12% to 6.7038. U.S.-China tensions mounted over... Europe’s Economy Risks New... Bloomberg The resurgence of the coronavirus has knocked Europe’s economic recovery back a step and raised the possibility of another... Indian economy set to... The latest Reuters poll showed that the Indian economy is poised for almost a double-digit contraction this fiscal year,... South Korea: BoK seen... Ho Woei Chen, CFA, Economist at UOB Group, suggested the Bank of Korea (BoK) is likely to keep its... 𝐍𝐙𝐃/𝐔𝐒𝐃 𝐟𝐚𝐜𝐞𝐬 𝐞𝐱𝐭𝐫𝐚 𝐠𝐚𝐢𝐧𝐬... NZD/USD is seen extending the upside momentum above the 0.6720 level in the next weeks, suggested FX Strategists at... GBP/USD seen within 1.2900-1.3120... Cable remains neutral and is forecasted to navigate between 1.2900 and 1.3120 in the next weeks, noted FX Strategists... Brazil: Investment productivity gains... Amidst low investment and stagnant productivity, Brazil has primarily relied on favorable demographics (labor accumulation) to grow. In the... France plans 1-month lockdown... The new lockdown will be more flexible, however, than the previous lockdown with speculation rife that he will impose... RBA to expand QE... According to the latest Reuters poll of 14 economists, the Reserve Bank of Australia (RBA) is likely to expand... USD/JPY remains on the... FX Strategists at UOB Group keep the negative view on USD/JPY and the focus of attention on 104.00 for... 𝐆𝐨𝐥𝐝 𝐏𝐫𝐢𝐜𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐗𝐀𝐔/𝐔𝐒𝐃... Gold has found acceptance below the 100-day SMA support. The breakdown is backed by bearish readings on key indicators. A bigger... 𝐔𝐊'𝐬 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐫𝐢𝐜𝐞𝐬 𝐈𝐧𝐝𝐞𝐱... The United Kingdom's Office for National Statistics reported that the Consumer Prices Index (CPI) for September went up more... 𝐅𝐨𝐫𝐞𝐱 𝐓𝐨𝐝𝐚𝐲: 𝐃𝐨𝐥𝐥𝐚𝐫 𝐔𝐩,... Precious metals and the British pound are the weakest major currencies, while the Japanese yen and U.S. dollar are... Oil and Stocks Volatile... WTI crude oil futures recovered on Monday, gaining 2.24 percent during the session, closing at the 36.59 level. Brent... Yen Breaking to New... The USD/JPY currency pair made its lowest daily close in over 7 months yesterday, giving bears a statistical edge.... RBA’s Debelle: Australia Recession... Reserve Bank of Australia Deputy Governor Guy Debelle expressed optimism on Tuesday that the Australian economy grew in the... China’s SAFE: Yuan set... The Chinese yuan’s significance in global trade and investment is set to rise dramatically, as the coronavirus pandemic seemingly... USD/KRW consolidates at the... USD/KRW consolidates at the key 1109/05 support – Credit Suisse USD/KRW is at very close to the Credit Suisse anlayst... AUD/USD January Opening Range... AUD/USD approaches last week’s low (0.7642) following the limited reaction to the US Non-Farm Payrolls (NFP) report, and swings... GBP/JPY Price Analysis: GBPJPY... As the UK continues to roll out vaccinations, it is reported that the region is facing the worst weeks... Gold Price Forecast: XAU/USD... Gold prices are starting 2021 on the move, but probably not in the manner that many had expected. As... Gold Price Forecast: Real... Gold price action has nudged slightly higher since last week’s selloff Gold volatility looks largely driven by recent swings in... Australian Dollar Forecast: Key... Much like the rest of the G10 FX space, the Australian Dollar has struggled for direction with the recent... USD/JPY FUNDAMENTAL BACKDROP 𝗨𝗦𝗗/𝗝𝗣𝗬 𝗙𝗨𝗡𝗗𝗔𝗠𝗘𝗡𝗧𝗔𝗟 𝗕𝗔𝗖𝗞𝗗𝗥𝗢𝗣 Yesterday Federal Chair Jerome Powell maintained their accommodative outlook in an interview with Princeton University, which has... US Dollar Rebound in... The US Dollar trades to fresh monthly highs going into the inauguration of President-elect Joe Biden, but it remains... Dow, Hang Seng, ASX... China’s fourth quarter GDP, alongside industrial production and retail sales data are among the top macro events on Monday.... Weekly Fundamental Gold Price... Gold is supposed to benefit from rising fiscal deficits and debts, as well as political uncertainty, right? Well, the... Euro Forecast: EUR/USD Week... The last few sessions have been terrible for EUR/USD bulls, who have had to cope with a firmer US Dollar,... Markets Week Ahead: Russell... Equities mostly fell this past week with a few key exceptions. On Wall Street, the S&P 500 sank over... US Dollar Price Outlook:... The US Dollar may continue to gain ground against its major counterparts in the near term, as a noticeable... Euro Forecast: EUR/USD Outlook... The US Dollar may continue to gain ground against its major counterparts in the near term, as a noticeable... Euro Forecast: EUR/USD Outlook... In recent months, the US Dollar has become the markets’ favorite safe haven but when the global economic recovery... Euro Forecast: EUR/USD Outlook... In recent months, the US Dollar has become the markets’ favorite safe haven but when the global economic recovery... Australian Dollar Forecast: AUD/USD... The reflation theme has shifted a gear with yesterday seeing US yields soar to post-pandemic highs, in which US... Canadian Dollar Outlook: Inflation... The Canadian Dollar has performed strongly against its haven-associated counterparts in February, climbing over 2.2% and 1.8% higher against... Euro Forecast: EUR/USD Outlook... In recent months, the US Dollar has become the markets’ favorite safe haven but when the global economic recovery... British Pound Technical Analysis:... Coming into February, GBP/USD had built in to a very clear rising wedge formation, with resistance holding at a... Japanese Yen Latest: USD/JPY... The grind higher in USD/JPY has once again been curbed by the 200DMA situated at 105.50, which in turn... Euro Price Forecast: EUR/USD... Equity markets continued pushing higher during Asia-Pacific trade, buoyed by progress in the global vaccine rollout and declining coronavirus... Euro Forecast: EUR/USD Week... Another point for traders to be aware of is that over the past few days economic data releases have... US Dollar Fundamental Forecast:... The anti-risk US Dollar resumed its broader downward trajectory this past week, and remains at risk to continue doing... Gold Price Forecast: Death... The price of gold takes out the November low ($1765) as it extends the series of lower highs and... British Pound (GBP) Latest:... GBP bulls continue to take charge as GBP/USD breaks 1.40 for the first time since April 2018. The narrative... AUD/USD Outlook: RSI Extends... AUD/USD extends the decline from earlier this week as the RBA unveils plans to “purchase an additional $100 billion... As a New Retail... In capital markets, liquidity will always find its own level. Financial capital will flow into the coffers of even... Japanese Yen: USD/ JPY... Yesterday, President Joe Biden embarked upon stimulus negotiations with Republicans which resulted in an optimistic attitude across financial markets.... British Pound (GBP) Latest:... EUR/GBP has now broken convincingly below the support line of a symmetrical triangle pattern on the charts that dates... US Dollar Outlook: Treasury... The haven-linked US Dollar mostly outperformed its ASEAN counterparts this past week, climbing against the Singapore Dollar, Indonesian Rupiah... Gold Price Outlook Remains... The price of gold bounces back from a fresh weekly low ($1688) as the initial reaction to the 379K... Japanese Yen Outlook: USD/JPY... The Japanese Yen has sustained its depreciation against the U.S. Dollar after yesterday’s U.S. treasury yield rally - as... British Pound (GBP) Price... GBP/USD continues to trade around the 1.4150 level between resistance at the 1.4234 May 21 high and support at the... AUD/USD Rate Outlook Hinges... AUD/USD appears to be benefitting from the Reserve Bank of New Zealand (RBNZ) interest rate decision as Governor Adrian Orr and Co. unveil projections... Gold Price Forecast: XAU/USD... A worse-than-expected consumer confidence report further cooled Fed tapering expectations. Vice Chair Richard Clarida also spoke to Yahoo Finance,... Weekly Fundamental US Dollar... The US Dollar (via the DXY Index) did not have a good month of May, despite favorable seasonality conditions otherwise.... EUR/USD Forecast: Euro Traders... German inflation figures will be in the spotlight today as a precursor to broader Euro data tomorrow (see calendar below). Coming off a lively... Euro Forecast: EUR/USD Price... EUR/USD reached its highest level since January 8 last week and from a fundamental perspective there is now little... EUR/GBP Price Outlook: Potential... The fact that the Eurozone entered a double dip recession has been known for some time now, however, the revised quarter... Gold Prices Eye $1900... Gold prices traded modestly higher after falling -0.37% a day ago, as weakening Treasury yields and a cheaper US Dollar boosted... Crude Oil Forecast: EIA... WTI Crude oil prices achieved an important milestone today, climbing over the psychologically imposing 70 level as energy traders... British Pound (GBP) Price... GBP/USD is unlikely to move far ahead of Thursday’s monetary policy announcement by the Bank of England but the near-term... Australian Dollar Price Outlook:... AUD/USD has recovered nicely from the selloff in risk-on currencies on the back of the Fed meeting last week, but... Euro Technical Analysis: EUR/CHF,... After the surge in trading volumes and uptick in volatility around the June Federal Reserve policy meeting and quad... Silver Price Analysis: XAG/USD... Silver (XAG/USD) broke above $26.00 and climbed to $26.29, reaching the highest level since last Friday. The move higher... EUR/GBP Forecast To Fall... Silver (XAG/USD) broke above $26.00 and climbed to $26.29, reaching the highest level since last Friday. The move higher... NZD/USD Climbs Back Above... The update to the Personal Consumption Expenditure (PCE) Price Index shows the headline reading climbing to 3.9% from 3.6%... British Pound (GBP) Price... GBP/USD is looking technically weak now a symmetrical triangle has formed on the charts. As can be seen below,... Japanese Yen Outlook: USD/JPY... The Bank of Japan released key economic data on Thursday morning, highlighting the ongoing rebound across the domestic manufacturing... Australian Dollar Forecast: Dovish... Asia Pacific markets may see a weak start on Wednesday following a bearish Wall Street session on Tuesday. The... Sterling Outlook: GBP/USD April... Technical Outlook: Sterling is carving out the July opening-range just above technical support at 1.3734/42- a region defined by... Canadian Dollar Shrugs Off... Ivey Purchasing Managers Index (PMI) data showed that economic activity accelerated and expanded at a robust pace for the... Crude Oil Prices Eye... Crude oil prices pulled back slightly during Monday’s APAC mid-day session after rising 3.5% over the last two days.... British Pound Outlook: GBP/USD... The British Pound is fairly flat in early trade Monday with little or no drivers during the session to... British Pound (GBP) Price... However, the impact of the latest statistics was offset by weaker than expected producer price index numbers that suggest... Crude Oil Prices Under... Crude oil prices saw heavy selling pressure this week, with the WTI contact on pace for the biggest five-day... US Dollar OutlookL Grinding... The US dollar basket (DXY) is nearing its recent multi-month high, supported by a safe haven bid as risk... British Pound (GBP) Price... The trend lower in GBP/USD continues as fears grow that rising covid cases globally could derail the economic recovery,... Mexico Peso Outlook: USD/MXN... USD/MXN started the week with a largely neutral bias despite broad-based dollar weakness reflected in the DXY Index, even... EUR Q3 Fundamental Forecast:... The review of the ECB’s monetary policy strategy was announced in January 2020 by its policy-making Governing Council and... British Pound (GBP) Price... GBP/USD is unlikely to move far Wednesday ahead of the announcement on US monetary policy by the Federal Reserve... British Pound Forecast: GBP... The Pound extended on its recovery throughout the week across the board, with major GBP pairs testing key psychological... New Zealand Dollar Outlook:... Elsewhere, the next focus for antipodeans will be the NZ employment report, which will be key ahead of the... US Dollar at the... The US Dollar has been little-changed on net since slipping in the wake of last week’s FOMC policy announcement,... AUD/USD Threatens Key Technical... Asia-Pacific markets may open mixed today after last week’s non-farm payrolls (NFP) report lifted the US Dollar higher into... Euro Forecast: EUR/USD Likely... The Eurozone economy continues to perform well yet the European Central Bank still shows no inclination to tighten monetary... Australian Dollar Outlook: AUD/USD... The Australian Dollar spent the week range bound, which is not a surprise given the lack of data and... British Pound (GBP) Weekly... It hasn’t been the best week for Sterling overall and focus next week is likely to shift towards inflation... British Pound (GBP) Price... GBP/USD eased Tuesday to its lowest level for three weeks, dipping back below 1.38, despite a bumper UK labor... British Pound (GBP) Price... Note from the hourly chart above that the relative strength index (RSI) is only just at the 30 level... USD/ZAR Breaking News: rand... Emerging Market (EM) currencies found their footing this week as the dollar faded. Although markets are expecting more details... AUD/USD Gains on Solid... AUD/USD found some footing after Australian GDP came in at 0.7% q/q for the 2nd quarter against expectations of... British Pound (GBP/USD) Latest:... The short-term direction of GBP/USD will be decided later today when the August US Jobs Report is released with... AUD/USD Drop May Continue... The Australian Dollar fell versus the US Dollar overnight as global risk appetite deteriorated. The risk-off move accelerated as... British Pound (GBP) Price... EUR/GBP fell back Thursday after the European Central Bank tightened monetary policy only minimally, and barely reacted at all... US Dollar Moves Lower... The US Federal Government posted a deficit of $170.6 billion in August, as relief programs created at the height... AUD/USD Outlook Mired by... AUD/USD trades to a fresh monthly low (0.7274) as US Retail Sales unexpectedly increases 0.7% in August, and the... AUD/USD Eyes RBA Minutes,... The risk-sensitive Australian Dollar fell versus the USD overnight as US stocks collapsed on Wall Street. Technology and small-cap... USD/BRL May Continue to... USD/BRL could continue to gyrate following Wednesday’s FOMC meeting, in which Federal Reserve Chair Jerome Powell indicated that a... NZD/USD Struggles as RBNZ... The risk-sensitive New Zealand Dollar struggled against the US Dollar overnight as US equity traders carefully rotated out of... US DOLLAR, JAPANESE YEN,... After the market implosion in March 2020, the cost of credit briefly spiked across the financial universe as a... Australian Dollar Forecast: Wall... A down day on Wall Street may see Asia-Pacific markets open to the downside. The technology-heavy Nasdaq 100 index... AUD/USD May Rise After... Asia Pacific markets will look to capitalize on the strong finish seen on Wall Street overnight when stocks rose... AUD/USD Rises Despite Wall... The Australian Dollar remains on a solid footing after gaining overnight despite a weak performance in US stocks on... Australian Dollar Outlook: AUD/USD... The Australian Dollar is seemingly back on the offensive, but it remains much lower against the US Dollar since February. Still,... Crude Oil Forecast Oil benchmark prices rose overnight but started to ease through Asian trading. Traders are digesting a bigger-than-expected US inventory... Mexican Peso Outlook: USD/MXN... USD/MXN has traded on the back foot in recent days, falling close to 3% from its October high amid... US Dollar Outlook: USD,... The safe haven US Dollar has recently lost momentum against major currency pairs as fundamentals continue to weigh on... Japanese Yen Q4 Fundamental... While monetary policy seems to favor USD/JPY strength, there remain uncertainties in the fourth quarter. The Fed continues to... Euro Forecast: ECB Meeting... The last few sessions have been better for the Euro, with EUR/USD recovering gently some of its recent losses,... Euro Q4 Fundamental Forecast:... As the third quarter of 2021 was ending, there was still no indication that the European Central Bank was... US Dollar Outlook: USD,... The safe haven US Dollar has recently lost momentum against major currency pairs as fundamentals continue to weigh on... Australian Dollar Outlook: AU-US... Going into the end of the week, AUD/USD was looking to soften up after some solid gains on Tuesday... The Crypto Daily –... Tether has launched a new Mexican peso-pegged stablecoin, marking its entrance into Latin America. Dubbed MXNT, the stablecoin will initially... Binance's Bahrain License Upgraded... Binance Bahrain was granted a preliminary license in December and full license in March. Binance, the world's largest crypto exchange,... Forex Today: Risk-on flows... Australian Retail Sales are coming up in Asia. The American dollar attempted a modest recovery early on Thursday but finished... Russia Considers Allowing Crypto... The country is reportedly looking into legalizing cryptocurrencies as means of international payments to counter western sanctions. Russia is reportedly... Indonesian Exchange Pintu Raises... Investors are bullish on the startup and its founder despite the current bear market. Overcoming recent headwinds in the crypto... CFTC eyes potential oversight... Cryptocurrency developers and U.S. lawmakers are moving toward putting the Commodity Futures Trading Commission in charge of regulating digital... Forex Today: Economic uncertainty... Risk aversion was once again the main theme, although the dollar edged lower against its major rivals in the... Japanese Yen Fundamental Forecast:... The Japanese Yen fell to its weakest level since February 2002 versus the US Dollar and came within 1%... Forex Today: Calm ahead... Trading was choppy across the FX board, with most major pairs holding on to familiar levels, except for the... Forex reserves still ample As of June 8, reserves stood at $41.7 billion, which is enough to settle import bills for about 5.6... Why the crypto market... Podcaster and Bitcoin educator Natalie Brunell believes the current market turmoil could lead to regulation favoring Bitcoin over alts. Natalie... SBF and Alameda step... SBF also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius, noting that “this is... ‘Like Coming Off Heroin’:... Analysts interviewed by Decrypt said that this Crypto Winter could be even worse than the downtown that began in... The traders earning $6m+... Where do the highest paid traders work? It may not be in a bank. It may not be even... CME looks to lure... Chicago exchange group launches contracts that track up or down moves in indices and commodities CME Group plans to launch... A quiet start to... Following a volatile American session amid soft US inflation data and month-end flows on Thursday, markets stay relatively calm... How ETF investors can... Digital currency investors have been under pressure this year due to a range of factors, from inflation and recession... Crypto exchange Coinbase looks... The company is in the process of expanding in France, Italy, Spain and the Netherlands, it said in a... Can commodities make a... Mixed market signals are presenting a confusing narrative for investors trying to pinpoint peak inflation. With recent drops in crude... Dollar surges and stocks... The dollar index, which tracks the US currency against six others and has a large euro weighting, rose 1.2... Singapore's crypto aspirations shaken... Singapore's ambitious cryptocurrency sector, by some measures Asia-Pacific's largest, faces an uncertain future after the recent collapse of... What is currency arbitrage,... Currency markets, just as financial markets, have some imperfections — the same currency pair can be sold at different... Looking to preserve forex... As Nepal continues to struggle with dwindling foreign exchange reserves, the South Asian country's government has taken the decision... Paraguay’s crypto framework one... Paraguayan lawmakers have deliberated for a year on a comprehensive crypto regulatory framework that includes considerations for businesses and... All ‘Ethereum killers’ will... “All the Ethereum killers from back in the day didn’t succeed, and I don't expect them to succeed at... Panamanian trade unions reach... After almost a month of national strike against the high cost of living, peoples’ movements win the reduction of... Crypto Is Coming to... Gaming and crypto have long shared a similar trajectory. Long may that continue, says the futurist Daniel Jeffries. This... South Korea probes $3.1bn... South Korean regulators are investigating $3.1bn worth of “abnormal” foreign exchange transactions at two of the country’s biggest commercial... Brevan Howard Scores Largest... Blockworks exclusive: The longtime global macro hedge fund firm has raised more than $1 billion for its flagship crypto... Yen shorts crumble as... The juiciest profits from betting against the yen, one of the hottest macro trades of 2022, is a thing... Putin allows Russian banks... Russian banks that have their foreign currency funds frozen due to western sanctions can suspend operations in such currencies... Ripple Is Considering Buying... Ripple is actively seeking to scale the company through merger and acquisition deals, a spokesperson told Reuters. Dollar soars on hopes... Ripple is actively seeking to scale the company through merger and acquisition deals, a spokesperson told Reuters. Markets turn cautious as... Ripple is actively seeking to scale the company through merger and acquisition deals, a spokesperson told Reuters. Proof-of-Stake-powered Cryptocurrency COSMOS Launches... Ripple is actively seeking to scale the company through merger and acquisition deals, a spokesperson told Reuters.