forex for beginners
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USDCHF is the next currency to move to new session lows today.USDCHF trades at the lowest level since March 18 The USDCHF is the next currency to extend to a new extreme against the US dollar...
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GBPUSD making new session highs. Above the 50% retracement50% of the March trading range busted The GBPUSD is trading below the 50% retracement of the move down from the March 9 high (the March...
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USDJPY cracks the 200 day MAThe 200 day is now resistance The USDJPY has cracked below the 200 day MA at 108.29. It also fell back below the 38.2% of the March move higher at...
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Watch the 100 hour MA in the S&P todayThe 100 hour MA comes in at 2526.95. It is Friday. It is month/quarter end. There is expectation that there may be quarter end rebalancing to...
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AUDUSD peaks and rolls overTrades to new session lows in the New York session On the downside, there is support near the 0.5973 to 0.59845 area. That is home to...
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US major indices open the day lowerIt's Friday. It's the end of the quarter. Coronavirus fears dominate A snapshot of the major indices near the open are showing: in other markets:...
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The USDJPY ping pongs between the 100 and 200 day MAs. Waiting for a shove.100 day MA above and 200 day MA below The USDJPY is trading lower in sympathy with lower stocks, lower rates today (at least that is the reaction...
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USDCAD trades to a new session high after emergency rate cutThe 1.4150-63 is being tested after emergency rate cut The Bank of Canada had a another emergency rate cut of 50 basis points...
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EURUSD stalls at 200 day MA today and rotates lower shifting the bias back to the sellers100/200 day MA and 50% retracement area found sellers The EURUSD moved higher in early trading and in the process found sellers near the 200 day MA...
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The JPY is the strongest and the NZD is the weakest as NA traders enterThe USD is mixed As the markets digest the recent news that UK PM Johnson has tested positive for the coronavirus, the JPY is the strongest and the...
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Pound falls after news of UK PM Johnson testing positive for the coronavirusAn interesting reaction ForexLive The pound actually fell on the back of the headline, with cable dropping from 1.2290 to 1.2185 in under 15...
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USD/JPY keeps under 109.00 but stays above 200-day moving average for nowUSD/JPY is doing battle in between the key daily moving averages ForexLive The dollar is keeping mild gains against most major currencies still but...
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Cable pares gains as dollar firms to start the sessionGBP/USD falls back towards the 1.2200 handle ForexLive The pound had an impressive showing in trading yesterday, as cable rose from 1.1800 to...
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EUR/USD falls to session low as dollar catches a bidThe dollar turns things around to start the session ForexLive The greenback advances across the board as the dollar index pares losses on the day,...
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Gold keeps a little lower today but stays on course for a stellar weekGold is up by over 8% on the week ForexLive If you're wondering what is the main cause for the turnaround in gold this week, you don't have to look...
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EUR/USD upside run tangles with key resistance levelsEUR/USD push higher now runs into a test of its key daily moving averages ForexLive The dollar continues to stay on the back foot today as the...
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Trump takes a swipe at General Motors in tweetsTrump isn't happy with General Motors It sounds like Trump is talking about invoking the Defense Production Act, which will allow the President to...
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Trudeau: Canada to offer businesses $40,000 interest-free loans for a yearComments from the Prime Minister ForexLive
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Lombardy coronavirus cases up 2,409 vs 2,500 yesterdayThe curve is flattening but it's a long process Italy has a severe lockdown in Lombardy that started on March 7 so this is Day 20. Obviously the...
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Pipeline operators asking oil producers to reduce output, growing glut is overwhelming storage capacityBloomberg reports that Plains All American Pipeline asked its suppliers to scale back production, - and Plains and Enterprise Products...
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US President Trump says now there will be no quarantine on New York, New Jersey, ConnecticutTrump floated his thoughts earlier on twitter re quarantine: He has decided against (check that link above for the DJ argument quarantine):...
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Coronavirus - Japan's PM Abe on Saturday promises unprecedented economic stimulusAbe said measures will include fiscal and monetary stimulus alongside tax breaks for companies - details have not been finalized - package will be...
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North Korea appears to have fired another missile - has not landed in Japan's EEZThe Japanese Coast Guard says the unidentified projectile appears not to have land inside Japan's economic zone. - missile has landed in the East...
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FT: Global petrol demand set to drop as much as 50% in some key marketsFinancial Times piece citing analysis Global petrol demand set to drop as much as 50 per cent in some key markets Oil refineries...
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OPEC presidency urged an emergency meeting on collapsing prices, members said no.Algeria currently holds OPEC's rotating presidency, urged convening a panel to consider assesses market conditions and falling prices. Bloomberg...
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Fed's balance sheet in focusUnderstanding the balance sheet The Fed is going to continue adding cash into the banking system by buying billions of Treasury bills for a few...
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Week Ahead – Tougher Times Ahead?Country UK The UK is not taking the coronavirus lightly, despite initial criticism against the government to the contrary. The number of cases now...
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Weekly Economic and Financial Commentary: Shock and AwfulU.S. Review Shock and Awful Daily life came to a screeching halt this week as governments, businesses and consumers took drastic steps to halt the...
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Guest trader: Martin's 8 principles to trade byMartin Nikolov is our guest trader this week In a series of articles this week, Martin Nikolov will share his trading philosophy and then guide us...
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What's the number one thing to grasp in FX?Keep the main thing, the main thing I was thinking this last week what I would consider to be the most important aspect of FX trading to...
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Dow Jones, S&P 500 Wary of Quadruple Witching Volatility - US Market OpenAfter historic making moves, Dow Jones, S&P 500 await quadruple witching induced volatility.
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VIX Peels Back as S&P 500 Stabilizes; High Volatility Still a ThreatDespite a deepening coronavirus crisis, the S&P 500 Index started to stabilize this week and the VIX ‘fear-gauge’ edged lower, but cross-asset...
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EnvelopesATR Cloud – indicator for MetaTrader 5This is a modified Envelopes indicator for measuring the price deviation. It displays the upper and lower borders of the price deviation from МА...
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The Yuan Advances as China's Economic Prospects ImproveLast week ended up bringing positive data and good news for the yuan traders.
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Trump says he doesn't want stock buybacksThere's a growing consensus against this Boeing is asking for a $60B bailout after buying back about that much stock in the past few years. That's...