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 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 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 Read more…
The AUD/USD had a strong week last week after a period of consolidation in mid-January. A dovish Fed tone created weakness in the US dollar which added to the bullish move of the Aussie. This was then reinforced by a 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 Read more…
On the hourly chart this market has been trending down quite nicely, with lower highs and lower lows. Plenty of resistance where a stop loss would feel very safe. Resistance levels include: Monthly pivot point – 1.1405 Weekly pivot point Read more…
Gold is the notorious safe haven asset, when you see uncertainty in the market, investors tend to flock to gold and the Japanese Yen. Given the recent turbulence with Brexit and the US and China trade war, it is no Read more…
With the Aussie dollar affected by relations between China and the US, a strong risk off move has happened with weaker third quarter GDP figures only compounding the pairing AUD/USD. This is causing a knock on affect to the other 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 Read more…
With the Australian dollar dependent on the US-China trade relations, it is still vulnerable to speculation. When you compare the pairs AUD/USD and USD/JPY, you can see weakness in the Aussie at a technical level and also potential strength in Read more…