What you need to know about Forex trading


The foreign exchange market is largely made up of institutional investors, corporates, governments, banks, as well as currency speculators. Unlike the stock market and future markets that are housed ...

Types of Charts in Forex Trading


(MENAFN - Daily Forex) While there are a multitude ofdifferent chartsavailable totrade currencies , I will be focusing on the three main ones that you see time and time again. They will be the ...

How to Invest in Forex


While the concept of forex trading seems fairly simple, actually being successful requires more knowledge and practice than an investor might expect. Make sure you carefully evaluate your own ...

Forex Daily Recap – Rupee Pair Slipped -0.48% over Economic Stimulus Hopes


Notably, significant resistances stalled at 71.60, and 71.82 levels were restricting the upside. However, the pair was forming a bearish rising wedge trading pattern since the start of August.

AUD/USD Forex Technical Analysis – Establishing Support at .6749 Minor Pivot


The Australian Dollar is trading slightly better on Friday, but the range has been limited by low volume and the lack of fresh news. The Aussie is also slightly lower for the week. Supporting the ...

ASIC Commissioner: Retail FX Trading On The Rise in Australia


Interest in over-the-counter (OTC) foreign exchange (forex) trading is growing among retail investors in Australia. That's according to a speech on Wednesday by Cathie Armour, Commissioner of the ...

What Role Does Luck Play in Forex Trading?


The saying 'The harder I practice, the luckier I get' is usually attributed to golfing legend Gary Player, although this is open to dispute. What can't be disputed, however, is the sense which the ...

FOREX-Euro drops to two-week low against the dollar


The euro was down by 0.2% at $1.108875, the lowest it has been since Aug. 2. Measured against a basket of six major currencies, the dollar was higher in the early London trading at 98.210. It has ...

AFCA Receives Complaints Against Forex Financial Services


Specifically, the complaints state that consumers have been unable to withdraw funds via the online trading website. However, Forex Financial Services has responded, stating that a clone firm has ...

EUR/USD Forex Technical Analysis – Straddling Weak Side of Short-term Retracement Zone


The Euro is trading lower against the U.S. Dollar late Thursday as better-than-expected U.S. retail sales data on Thursday eased fears that the U.S. economy could be headed for a recession despite ...

Forex daily trading volumes rise to $1.75 trln in July - CLS


LONDON, Aug 8 (Reuters) - Average daily foreign exchange trading volumes rose 6.7% year-on-year in July to $1.75 trillion, CLS said on Thursday, as a pick-up in volatility encouraged more buying and ...

Read full article on forex trading

Comments

Post a Comment

Popular posts from this blog

Mugenda: How I landed into forex trading

Image
Mr. Paul Mugenda, a forex trader based in Nairobi (PHOTO: Courtesy) The need to cope with the rising living standards has led many Kenyans into different creative ways of making an extra coin to take ... Canadian regulator summons RBC, TD Bank over forex malpractice charges Both banks failed to sufficiently supervise and control their forex trading businesses from 2011 to 2013, the province says in its statements of allegations. Furthermore, certain compliance ... Forex Daily Recap – 38.2% Fibo Level Stopped the Ninja Bulls amid G7 Summit On the economic calendar, the German IFO data releases grabbed market attention in the Asian trading session. Nonetheless, the IFO data reported adverse data, allowing the bears to take control over ... Indispensable Forex Trading Application Launches For Investors, Seeks Marketing Partners With FxTrendSignals, international investors can instantly track market prices in real-time by set price alarms, viewing economic calendars, and monito...
Read more

FOREX-Dollar holds steady on reduced bets on steep U.S. rate cut

Image
In late U.S. trading, the dollar was up 0.57% at 107.790 yen , while the euro was 0.58% higher at 122.585 yen . The greenback was little changed against the euro at $1.1372. The dollar index edged ... How To Structure A Trading Business For Significant Tax Savings If you actively trade securities, futures, forex or crypto, consider setting up a trading business to maximize tax benefits. With a sole proprietorship, a trader eligible for trader tax status (TTS) ... FOREX-Dollar inches higher after Fed checks aggressive easing views The scaling down in expectations for large rate cuts from the Fed also knocked gold prices by more than 1%, putting the precious metal on course for its first decline in seven trading sessions. The ... INTL FCStone Ltd Launches FX Trading App on Integral Platform the British subsidiary of INTL FCStone Inc., to launch a forex trading app built on the Integral platform. By partnering with Integral, the FCA-authorised firm is able to expand its mobile...
Read more

China's August Forex Reserves Rise to $3.1072 Trillion

Image
It is currently trading at 11-1/2 year lows. China allowed the yuan to break through the closely watched 7-per-dollar level on Aug.5 for the first time since the global financial crisis, days after ... FOREX-China stimulus boosts Aussie, kiwi; markets await U.S. jobs data The Chinese currency in the offshore market extended gains and was trading up 0.4% against the greenback at 7.1120 yuan. The Australian dollar - its fortunes closely intertwined with the Chinese ... FOREX-Dollar dips on mixed U.S. jobs data, Powell hints at rate cuts "The jobs data were sufficiently mixed," said Marc Chandler,chief market strategist at Bannockburn Global Forex LLC in NewYork ... senior marketanalyst at OANDA in New York. In late U.S. trading, an ... Forex Today: Will Non-Farm Payrolls and Powell keep markets happy? the shared currency. GBP/USD is trading around 1.2300 as opposition parties vow to prevent a no-deal Brexit before agreeing to elections. The House of Lords is set to ...
Read more