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By 7 July 2014

Market Update 2014 July – week 1

Job growth blew past expectations and the unemployment rate fell to the lowest level since before the financial crisis peaked six years ago, creating a firm foundation for a stronger U.S. economic expansion. Payrolls rose by 288,000 workers following a 224,000 gain the prior month that was bigger than previously estimated and the unemployment rate fell to

By 2 July 2014

How To Get Going As A Forex Trader

      Did you know the foreign exchange market, commonly referred to as ‘forex’, has a daily turnover in excess of US$5 trillion? In fact, the global forex market is the biggest in the world. And did you know that you can enter that market as a beginner and, with patience and practice, make

By 1 July 2014

5 Best Forex Trades in June & Current Opportuni ...

1. NZDUSD (Daily Chart) – Power Pivot Long – 05.06.2014 – After a significant retracement to its 50% fib level from January’s lows, the market showed signs of divergence indicating that the move lower was burning out of steam. This coincided beautifully with a significant horizontal level at the big 8400 handle and a fib

By 27 June 2014

News: Looking Forward | June 2014 – Week 4

So the outcome of the past 10 days is that we have a very bearish (dovish) central bank in the form of the Federal Reserve System and a more bullish (hawkish) Bank Of England which will inevitably cause dollar weakness and pound strength which therefore gives a bullish outlook on Cable. Sterling is the one

By 25 June 2014

5 Best Forex Trades for June 2014 – Week 3

1. GBPUSD (5 Min Chart) – Pivot Trade Long 16.06.2014 – After Mark Carney’s comments last week, this trade was an absolute no brainer. It was the first efficient entry of the week as price pulled back to the pivot point whilst at the same time offering up a tasty 1.11% reward to risk trade.

By 24 June 2014

June Forex Trading Update (week 3)

The dollar dropped to a one-month low against its major peers after the Federal Reserve said it will keep interest rates near zero for a “considerable time.” The U.S. currency fell for a second day against the euro, the first back-to-back declines this month, while the pound climbed to a five-year high as the Federal

By 17 June 2014

News: Looking Forward | June 2014 – Week 3

New Zealand’s Gross domestic product grew an estimated 4 per cent in the year to June making the country one of the strongest economies of the developed nations. This strong growth has considerable momentum, and to keep rising prices in check the combative move from the RBNZ will be to continue to raise rates. When

By 16 June 2014

5 Best Forex Trades for June 2014 – Week 2

1. EURJPY (Daily Chart) – Power Pivot Trade Short 10.06.2014 – With the lack of follow through to the upside last week from the European Central Bank statement, the EUR weakness continued this week. This particular foreign exchange trade provided all the clues necessary for a high probability, continuation trade short. A healthy retracement to

By 16 June 2014

June Forex Market Update (week 2)

The Reserve Bank of New Zealand raised the official cash rate for a third time while keeping its track for interest rates broadly in line with its March projections, suggesting the bank sees no need to pause in removing stimulus in an accelerating economy. The New Zealand dollar jumped three quarters of a cent against

By 13 June 2014

Look Forward at the Forex Market – Week 2

Regarding the Euro it looks like Draghi will have to ease again to stem euro strength. He has clearly stated several times of late that he doesn’t want the euro above $1.38 and especially not $1.39. If last week’s price action is anything to go by however, it looks like that is exactly where it’s

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