Intraday Market Analysis – USD fails to impress
USDCHF retests support The US dollar struggles as the Fed minutes confirms a slower pace in its interest rate increases. Last April’s low of 0.9200 has offered some support and the surge above 0.9340 prompted sellers to trim their exposure. Follow-up bids above the fresh resistance 0.9400 will be needed to keep […]
Market Update – January 3 – JPY & Gold add to gains
Trading Leveraged Products is risky Markets are back to full-time today to kick-start 2023 with a key week topped by NFP data on Friday and undermined by the ongoing rise in Covid cases and deaths in China. Japan and New Zealand remain closed today, but in Asia the ASX (-1.3%) […]
To Become A Great Trader, Avoid These 12 Trading Mistakes » Learn To Trade The Market
So you want to become a successful trader? Well, you are going to have to avoid making many common mistakes that traders often fall victim to. You’re GOING to make mistakes as you learn to trade, but the traders who actually start making money are the ones who LEARN from those mistakes and figure out […]
How to Trade USD Pairs in the Election-led Market Volatility
Tad DeVan is a Senior Forex Analyst for Market Traders Institute and host of the Ignite Trading Room. Ignite Trading Room is FREE to join for active SmartTrader users. The U.S. midterm elections are almost here. The results on November 8th will heavily shape Biden’s ability to roll out policies in the second half […]
6 Price Action Retracement Entry Types You Need To Know » Learn To Trade The Market
You’ve probably heard the word “retracement” or “retrace” quite frequently if you’re interested in trading the financial markets. But do you actually know what price retracements are, why they’re so important and how to properly take advantage of them? Perhaps not, but even if you do, today’s lesson is going to shed new light on […]
Top 3 USD Pairs & Forex Strategies to Trade the Current Market
No single currency is traded completely independent of the other in the Forex market and various market conditions can affect currency pairs in different ways. Let’s understand which are our top USD pairs and how you can trade USD setups in this market. Chris Pulver is a full-time trader and Senior Currency Strategist at Market […]
Intraday Market Analysis – USD bounces back
NZDUSD tests key support The US dollar soared after jobless claims showed resilience of the labour market. On the daily chart, the directional bias remains up with the pair seeking to secure a foothold. A previous sharp drop found support over 0.6200, but its failure to reclaim 0.6360 could be detrimental to […]
Market Spotlight: Bar Set Low For Today's NDP Release
USD On The RiseIt’s been a good start to the year for the US Dollar which rallied through the week, driven by the hawkish December FOMC minutes and a bumper ADP employment print. Focus now shifts to the headline event and the first US labour reports of the year. A buoyant Dollar on the back […]
Don’t count on the bear market’s winners to fuel the next bull market
It’s too early to know which sector will lead U.S. stocks higher in the next bull market. But it’s not too early to have confidence that what it won’t be is the energy sector. Energy has been the best performer during this bear market. At no time over the last 5+ decades has the same […]
Market Update – January 6
Trading Leveraged Products is risky It was another “good news is bad news” trade with better-than-expected labor market reports boosting fears over a higher for longer stance from the FOMC. Hawkish Fedspeak added to the selloffs in stocks and bonds but supported the Dollar. Wall Street closed over -1.0% in […]