Panic selling from the coronavirus has not only caused global equities to plunge but also darkened what was an already-gloomy outlook for the Eurozone. The region was beginning to show signs of...
Type: Posts; User: ForeCastle
Panic selling from the coronavirus has not only caused global equities to plunge but also darkened what was an already-gloomy outlook for the Eurozone. The region was beginning to show signs of...
The European Central Bank (ECB) is situated in Frankfurt, Germany. It was established in 1998 by the Treaty of Amsterdam. The European Central Bank is different to other central banks in that it...
The Bank of England (BOE) is the UK’s central bank. Their mission is to promote and maintain monetary and financial stability. It is important for forex traders to keep up to date with the Bank of...
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Using PPI to trade forex: Talking points
PPI stands for the Producer Price Index, which is an...
What are forex quotes?
A forex quote is the price of one currency in terms of another currency. These quotes always involve currency pairs because you are buying one currency by selling another....
US Dollar Forecast: US Dollar Sheds Windfall Gains, May Resume Core Uptrend
The US Dollar shed windfall gains scored on the back of haven demand amid turmoil in emerging market assets.
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In this webinar, we discussed how to use multiple time-frames and take a top-down approach when analyzing markets. This not only helps put the prevailing winds at your back, but can also guide you...
Gold prices are rebounding, as the US Dollar declines on NFP data. Expectations for today’s NFP (Non-Farm Payrolls) event were set at 200k, and released better than expected at 235k. Also, January’s...
The US economic calendar is stacked with many events throughout the month but none is more anticipated that the release of Non-Farm Payroll figures. Non-Farm Payrolls also known as NFP, is reported...
The USD/CAD has pressed to new 2017 lows at 1.3018, but the pair is now rebounding from this morning’s decline. Today’s decline has come ahead of Bank of Canada rate decision, where rates are...
The EUR/USD is trading back towards key points of daily resistance, after German GDP figures beat expectations this morning. German GDP (YoY) was expected at 1.8%, but released at 1.9%. This move has...
Gold prices continue to rally from this morning’s low of $1,166.50, as the US Dollar is set to finish the week lower on worse than expected NFP (Non-Farm Payrolls) figures. NFP totals for November...
Gold prices have opened Mondays trading lower, declining in a descending wedge pattern. This drop in price is continuing ahead of this Wednesdays US FOMC Rate decision. Expectations for this even are...
The AUD/USD continues to decline from yesterday’s high at .7749. This move in price has been guided by a descending trendline, which is drawn below by connecting a series of swing highs over the last...
GBP/USD prices have been trading inside of today’s 60-pip pivot range ahead of this morning’s initial jobless claims data. Expectations for this morning’s event were set at 261K and released at 274k....
The USD/CAD Breaks Lower on Employment Data
Daily Price are Now Testing Weekly Lows
USD/CAD 30 Minute Chart
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The USD/CAD is trading lower this morning, after the release of better...
Talking Points
The EUR/USD Stalls at Range Resistance
EUR German CPI Figures Released at .3%
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The EUR/USD is testing resistance this morning, but has failed to breakout despite...
GBPUSD intra-day price (M5 timeframe) broke key support level for 100 pips lower during the NFP news events:
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"The GBPUSD is currently rebounding off its daily lows after declining...
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"The US Dollar has initially rallied from this news, causing pairs such as the GBP/USD to decline in value. Now that NFP has concluded traders may continue to watch for further declines...
Talking Points
NFP is historically a volatile event
Last month’s miss caused the EURUSD to decline over 118 pips
Expectations for this Friday sit at 248k
NFP (Non-Farm Payrolls)...
Talking Points
-Bank of Canada surprises with a 25 basis point cut due to drop in Oil
-USD/CAD rockets higher on the news
-Potential extended 5th wave of the Elliott Wave sequence
The USDCAD...
Talking Points:
What Causes a Runaway Market
Identifying a Runaway Market on the Charts
Indicators to help you exit in an Orderly Fashion
“Buy the Rumor, Sell the News”
-Trading Lore
Talking Points
NFP Is a Highly Anticipated News Event
Expectations are Set at 230k
Traders Will Track the USD Based on Results
The release of the monthly Non-Farm Payroll figures...
Talking Points:
The Discipline of Trading
What Hurts New Traders
The Two Characteristics of Successful Trading
“Self-discipline has a bigger effect on academic performance than does...
Talking Points:
Must You Know What Will Happen Next?
Is There a Better Way?
Strategies When You Know That You Don’t Know
“Good investing is a peculiar balance between the conviction...