Currency

Despite expectation of an RBA cut tomorrow, AUD/USD has broken to a 3-week high thanks to a weaker US dollar. We expected RBA to cut in May. Yet, instead they held off due to the federal election and bears were squeezed at the lows. However, expectations to ease tomorrow remain high with last month’s employment […]

The weekly COT report: As of Tuesday 28th May: Large speculators increased net-long exposure to USD by just $0.48 billion to $31.3 billion ($35.7 billion against G10 currencies) Traders were net-short NZD futures at their most bearish level since December 2018 Net-short exposure on GBP was its most bearish since March, although we’ve seen a […]

LTC/USD Long-term Trend: Bullish   • Resistance Levels: $105, $110, $115 • Support levels: $100, $90, $80   The LTC/USD pair is in the bullish trend zone. On April 3, the LTC market had been trading below the $100 resistance level before it was broken. During the month of April, the LTC market fell to […]

The short-term outlook is in a bearish trend while the medium-term outlook is in a range-bound market. A breakout or a breakdown may occur, hence patience must be exercised trading the consolidation. XLM/USD Medium-term Trend: Ranging Supply zone: $0.2000, $0.2500, $0.3000 Demand zone: $0.0800, $0.0600, $0.0400 XLM remains in a range-bound market in its medium-term […]

The BOC meeting wasn’t quite enough to see USD/CAD hold above April’s high but, with US GDP on tap, there’s potential for some volatility at the highs depending on where the data lands. Today’s GDP is a revised figure which doesn’t typically deviate too far from the original. Yet it may warrant closer attention this […]

Risk-off has taken centre stage again this week, yet the U-turn reversal on yields suggests a corrective bounce could be due and provide a sympathy bounce for markets. By yesterday’s low, the US10Y had fallen to its lowest level since September 2017 whilst global equity markets fell in tandem and demand for safe-haven assets were […]

Peer-to-peer (P2P) networking is based on the principle of all participants being equal and it is on the basis of their digital crypto exchange, that Bitcoin in South Korea has soared to such great heights. These new levels were revealed on the charts of Coin Dance, a similar platform that provides statistics on Bitcoin and […]

Trading on high leverage is a double-edged sword – you can get huge profits or deplete your trading account. Leverage refers to the ability to open a large position with little of your own money. It’s expressed in ratios such as 50:1, 100:1, and 200:1 depending on the Forex broker. For example, you can control […]

Yesterday we highlighted that EUR/JPY bears could look to break beneath 122 and, earlier today, they did just that. Risk-off has swept its way through the Asia session although was initially contained to equity markets, where investors sold stocks in exchange for bonds to push yields lower. However, NZD/JPY has since broken lower and AUD/JPY […]

In order to become successful as a forex trader, one needs to spend a lot of time assessing and evaluating market fluctuations. Also, you must watch for latest forex news and statistics. This way, you can keep yourself updated with the recent market trends and get the most out of the forex world. Luckily, there […]