Upcoming week on Forex trading

Trading on key Forex news: we are expecting the publication of important macro statistics from Japan, Germany, the Eurozone, China, the US, Great Britain, as well as the results of the Fed meeting.

Last week, the dollar fell significantly, while global stock indices continued to grow. The yen also declined. Investors are actively withdrawing funds from defensive assets and shifting to risky but profitable assets in the stock market, which is confidently recovering after the start of lifting of restrictive measures introduced in connection with the coronavirus pandemic.

At the end of the trading day last Friday, futures for the DXY dollar index were trading around 97.00, 134 points below the price a week earlier.

The ECB surprised participants in financial markets by announcing last Thursday an increase in its bond purchase program to 1.35 trillion euros (1.52 trillion US dollars) in an effort to ease the pressure experienced by governments due to the coronavirus pandemic… Continue reading 

Gold Analysis 

The massive $45 slump Gold prices (XAU/USD) on Friday created a bearish pennant formation on the hourly chart, indicating that the spot remains exposed to further downside risks in the near-term.

A decisive break below the rising trendline support around 1680 would validate the pattern, with a test of $1656 due on the cards. In absence of any healthy support levels keep the bears hopeful. Further, the prices have breached all the major HMAs on its south run, adding to the bearish bias.

The hourly Relative Strength Index (RSI) has bounced-off the oversold territory and therefore, a minor bounce cannot be ruled out the downside resumes… continue reading 

GBP review 

A net positive performance for Sterling this week, and with net negative economic updates from the U.K. (as well as apparent difficulty with Brexit negotiations), it’s likely the price action in Sterling pairs was mainly influenced by global risk sentiment.. More

Forex trading is accessible, exciting, educational, and offers traders lots of opportunities. Despite all this, many traders fail to learn how to become successful traders, and don’t achieve good results in this market. In fact, a high percentage of Forex traders are losing money..

Trade With MetaTrader 5

Tips to successful Forex trading 

What is a Trader?

A trader is someone who places orders on the market, sometimes on behalf of financial institutions (big banks, investment funds, hedge funds), or other times, as an independent trader. 

There are several categories of traders depending on the traded markets: foreign exchange (forex), equities, bonds, metals, coffee, meat, etc. In today’s world, there is a trading market for almost all goods (meat, coffee, etc.) and commodities. Most existing contracts are settled in foreign currency, and do not deal with physical delivery… continue reading 

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Upcoming week on Forex trading

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