Many people think that trading foreign exchange (FX) requires a lot of time to research the market and to identify trading opportunities. However, the 24-hour nature of FX makes it easier for part time day traders to take advantage of trends in currencies because they are not bound by when an exchan
NEW YORK (Reuters) - Oil futures settled sharply lower on Tuesday, with Brent sinking below $40 a barrel for the first time since June and U.S. crude falling nearly 8% after Saudi Arabia cut its October selling prices and COVID-19 cases rebounded in several countries.
Coronavirus infections are risi
Australia's business confidence improved in August, while business conditions weakened from the previous month, survey data from the National Australia Bank showed Tuesday.
The business confidence index rose to -8 from -14 in July. Although confidence rose in the month, it remained very weak and lik
Ok so we entered this trade last week at our D leg (1.2000) and closed out with over 200 pips. I'll be looking for a break of the drawn support and trend, along with a retest in that same area for a further continuation down to the 1.16000 zone. If we dont get a break, ill a
Hungary's industrial production declined for the fifth straight month in July, albeit at a slower pace, data from the Hungarian Central Statistical Office showed on Friday.
Industrial production declined a working-day adjusted 7.7 percent year-on-year in July, following a 12.2 percent decrease in Ju
ECB is expected to maintain the monetary policy measures in September. The focuses on the meeting include policymakers’ response to the recent strength in euro, the updated economic projections and ECB’s strategy review after Fed Chair Jerome Powell’s announcement at the Jackson Hole symposium. Whil
EURUSD overnight set the stage for a high probability sell on the higher time frames. Although EURUSD has been in a uptrend of late we had a few factors that led us to believe we could see EURUSD move lower. These factors include the following. 1. We were looking at th
NZD/USD testing below resistance and the support of a head and shoulders pattern.
Choppy conditions as markets look ahead to the Jackson Hole.
NZD/USD is currently trading at 0.6525 and between a range of 0.6523 and 0.6533. The bird has been unable to break the overhead resistance on its first att
Following the sharp pullback seen in afternoon trading on Monday, stocks showed a significant move back to the upside during trading on Tuesday. The Dow showed a particularly strong upward move, reaching its best closing level in a month.
The Dow soared 556.79 points or 2.1 percent to 26,642.59 and
S&P 500 Futures fade upside momentum below 3,170, repeats the on and off moves since Friday.
Virus figures from the US continue to come out as worrisome, data from Tokyo, Beijing suggest immediate relief.
The Sino-American tussle continues with US Secretary of State Mike Pompeo recently on the d
Major Dollar pairings were mostly higher in N.Y. on Thursday, with safe-haven demand driving the DXY to two-week highs of 97.58 from morning lows of 97.24. The Greenback's move higher came on fresh safe-haven buying following a much better Philly Fed index bounce, though a significantly higher than
USD/IDR retreats from an eight-day top to defy Friday’s recovery moves.
One-week-old support line gains immediate attention of sellers.
Buyers will have additional upside barrier in the form of two-month-long falling trend line.
USD/IDR drops to 14,053, down 0.62% on a day, while heading into th
The U.S. Labour Department will release consumer price index for May at 8:30 am ET Wednesday. Ahead of the data, the greenback fell sharply against its major counterparts.
The greenback was worth 107.42 against the yen, 0.9463 against the franc, 1.2780 against the pound and 1.1373 against the euro a