FX Trading News & Strategies from Australian Stock Report
The RBA surprised the market today by keeping rates on hold, at 4.25%. The decision, delivered at 2:30pm, AEDT, caused a sharp spike in the Aussie dollar, sending it surging into a six-month high of 1.0810. The market had priced in the likelihood of a further 25 basis point cut, hence the strong reaction when [...]
AUDUSD looking very sick as risk appetite slumps. About to crack lower boundary of descending triangle. Sell on stop @ 1.0430. ATR = 100 pips so stops should be no closer than 150 pips (1.5 ATR) above entry. Target set at 1.5:1 reward to risk. Don’t understand what this means? Attend a FX Trading Workshop [...]
In recent sessions the AUD USD has suffered at the hands of some economic announcements which have negatively impacted the pair. The RBA interest rate decision on Tuesday was the first hit, with the Aussie dollar moving lower straight after the central bank decided to keep rates on hold at 4.75%. Today’s jobs data didn’t [...]
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 [...]
(In this article, we will look at the liquidity advantages of the Forex market and investigate how FX contracts operate. This article follows on from last week’s Introduction to Forex Trading: Part One. The first part of the article is available earlier in this blog.) When Swiss Air purchases a Boeing 747 Jumbo, they will [...]
The Australian share market comprises approximately 2% of the value of global equities. Equity market transactions account for roughly one-third of daily capital flows in financial securities around the globe. The rest is made up of predominantly foreign exchange, bonds and other credit instruments, and commodities. So, if you are only looking at Australian shares, [...]
29 March 2010 The overseas session on Friday night was a stronger one for the euro, which saw its exchange rate gain against the safety currencies (the US dollar and yen) on hopes for a European Union aid package for embattled countries. The euro exchange rate advanced against 13 of its 16 major counterparts before [...]
Traders can use many different methods of analysis for the forex market, particularly technical analysis. Forex technical analysis is much the same as any other form of technical analysis in that traders will use moving averages, trend lines and oscillators. One of the most used technical indicators in forex analysis is the moving average, many [...]
When starting out with forex trading the key factor is knowledge. You can find much information on the net although half decent in content, most is free and not of much use. Even those that have traded shares or other global markets still need to understand the finer details of forex, particularly taking advantage of [...]
If you want to learn forex trading, it is important to remember that most of the major currency pairs are related to the US dollar, so most of the action “liquidity” comes from the US session. There are very many strategies that you can learn to trade forex, taking advantage of movements that may only [...]