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Stay up to date with the financial markets everywhere you go. Get expert reaction to latest market news and seize potential opportunities. Trading Triangles in Price Action In triangle formations, this is a level that’s expected to be broken with enough persistence from buyers or sellers . By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the second quarter, with the… KUALA LUMPUR – The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection of the state of the nation’s economy, its central bank governor… By Alexander Villegas and Natalia A. Ramos Miranda SANTIAGO – Chile’s sliding peso got a shot in the arm in July from a huge $25 billion central bank intervention, but… By Ambar Warrick– Most Asian currencies took some relief from a weakening dollar and rose slightly on Tuesday, while the Australian dollar tumbled after the central…

And that has seen the yuan weaken to 7.2 against the US dollar, a level not seen since 2008. Copper Rebound Chances Fade on Weak Demand and Rising SupplyCopper prices look doomed to continue languishing over the near term. A depressed economic outlook is likely to weigh on prices even on a protracted US Dollar pullback. By Ambar Warrick– Most Asian currencies fell on Thursday, taking little support from a recent Forex dip in the dollar as fears of rising interest rates and a looming… SHANGHAI -China’s yuan bounced on Thursday from a 14-year low against the dollar hit in the previous session, snapping eight straight days of losses, after the central… By Peter Nurse – The U.S. dollar edged lower in early European trading Friday as sterling and the euro stabilized near one-week highs, helped by intervention by the…

Is Investing In Stellar Lumens Xlm A Good Idea?

The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record testimonials low. Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.

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New Zealand central bank raised its key interest rate by 50 basis points for the fifth straight meeting and signaled more tightening going forward. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to lift the Official Cash Forex Rate to 3.50 percent from 3.00 percent. Prospects of some coordinated central bank action and the lack of fresh news may encourage short-side profit-taking… Trading journals are crucial for implementing your trading strategies effectively.

One Reason Why Bitcoin May Be Surging: You

This website is free for you to use but we may receive commission from the companies we feature on this site. Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity.

  • FTSE 100 has rebounded off key psychological support as risk appetite turns positive.
  • By Gayatri Suroyo and Stefanno Sulaiman JAKARTA – Pressure on Indonesia’s rupiah is expected to be temporary, a senior Bank Indonesia official said on Thursday,…
  • The trading strategy is a guide for currency traders that helps you lock in the basics of your trading plan including which forex pairs to trade and the best time to trade.
  • AUD traders were caught off guard with a smaller than expected rate hike by the RBA, sending AUD lower.
  • Price Action Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity.
  • By Peter Nurse – The U.S. dollar retreated in early European trading Tuesday with risk sentiment on the rise, while sterling retained its recent gains after the U.K….

Shorting the pound is a strategy that makes profit if the price of the British pound falls. To short the pound, you want to enter the trade as close to resistance level as possible. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.