Making money from trading is no easy feat. In fact around 96% of traders fail and lose money when battling with the financial markets. Whilst this is not meant to put you off, it is meant to help you understand how difficult trading is and why not everyone does it. Read more…
The pound was fairly unchanged during the below expected inflation data, which saw a reading of 1.8% compared to the forecast 1.9%, both below the Bank of England’s target of 2%. Whilst both the prime minister and her European counterparts have said they don’t want to see the UK crash Read more…
Friday saw positive results in Canada as employment surged with an increase of 30,900 full time jobs and 36,000 part time jobs, led by the private sectors largest one-month hiring on record. The CAD struggled with the global oil price dropping, with lower terms in trade and national income but Read more…
EUR/USD had a strong end to the week last week but that was more down to the weaker dollar, caused by President Trump reaching a deal to reopen the Federal Government. Uncertainty continues to as the discussed agreement is only valid until the 15th of February, when we another shutdown Read more…
The Dax has been trending down lately, confirmed by the lower lows and lower highs. The recent failed break of the low at 11,047, shows this market is consolidating. The exponential moving averages also confirm this as a downtrend, shown by the EMA’s being in the correct order. The 200 Read more…
USD/JPY has been trending higher, confirmed by the market making higher highs and higher lows on the daily time frame. The trend has slowed recently, should you draw any trend line they would all have been broken. There are two separate instances of divergence on the MACD, again showing the Read more…