FX Trading News & Strategies from Australian Stock Report
Some of the most volatile periods in FX markets coincide with the release of significant economic data. Some traders prefer to have open positions when new releases hit the market, whilst others avoid trading during these times. For your convenience, we have outlined some of the common releases that can materially impact currency markets. As [...]
Here at Australian Stock Report we reference Japanese candles in our charting. Since there’s so many different types of Japanese candlestick patterns, with very different – and often long! – names, it can seem like quite an overwhelming technique for new investors. Let’s have a look at the basics involved in Japanese candlesticks and discuss [...]
Much has been written about Leonardo Fibonacci, the gifted thirteenth-century Italian mathematician. Born in Pisa around 1170, Fibonacci not only introduced the modern use of decimal points, but also discovered the so-called Fibonacci sequence. The sequence begins with 0 and 1, and then adds the previous two numbers to produce a third. The sequence then [...]
Do you want to know where 9 out of 10 novice traders fail? It’s from the lack of use of stop losses. Now, traders may either simply not know that they exist, or choose not to use them. Either is a recipe for disaster. Other traders try to do the right thing by using stop losses, only to [...]
The EURUSD is looking quite bullish. The shorter-term EMAs are crossed higher and the price action is above the longer-term EMA filter, which is positive. After retreating from nearly 1.500 in early May to a low just below 1.4000 in late May, the price action has turned higher and is currently trading around 1.4600. As [...]
The GBPCHF pair has been in a downtrend for an extended period of time now. In recent months, whenever the price action has tested the value zone defined by the 100-, 150-, and 200-period EMAs is has been rejected strongly. The price action is now extended away from the value zone but this does not [...]
The euro rallied on Tuesday night amid growing speculation Greece will receive an extension to its bailout package. However, the yen struggled against its major rivals after Fitch cut the rating on Japanese sovereign debt. The Australian dollar came off its highs against the greenback, but has surged higher in today’s session after domestic GDP [...]
After topping out in early-May around 1.1000, the AUDUSD suffered a short-term downturn. The weakness of the past few weeks is due predominantly to the recent slump in commodity prices and the re-emergence of Europe’s debt crisis. Furthermore, the upcoming end to the Fed’s QE2 program has some traders cautious over the potential for collateral [...]
The US dollar gained ground against its major rivals overnight, with Europe’s debt crisis sparking a flight towards traditional safe-havens. The euro continued to feel the pressure from the region’s debt problems, after Italy had its credit outlook downgraded by S&P. A sharp drop in commodity prices also weighed on the resource-linked currencies. The Australian [...]