Dollar Not Ready to Resume Up Trend Yet

Yen and Swiss Franc ended as the weakest ones last week as global stock markets ended higher. There were some jitters in risk sentiments after US announced to move on with tariffs on additional USD 200B in China imports, which come effective as soon as in September. But investors were quickly relieved after China’s refrained…

Dollar Turned into Consolidation Phase

Dollar’s late pull back last week suggested that it has turned into consolidation phase, after long-stretched rally. Retail sales, housing, regional Fed surveys and industrial production will be released from the US this week. But we don’t expect them to be too market moving. Instead, Eurozone data like German ZEW could move the greenback more.…

Yen Beat Dollar

Dollar ended last week broadly higher except versus the Japanese Yen. While economic data from the US were generally disappointing, they were not bad enough to alter Fed’s path of three rate hikes this year. Just that, the data didn’t add to the chance of the fourth hike in December. On the other hand, data…

risk management

Risk per trade Before deciding to place a trade, you should decide how much capital you’re willing to risk. It’s important to know your cut-off point if the markets turn against you. This cut-off point is based on your risk tolerance – as a trader you must accept the risk associated with trading. If you…

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what is day trading?

Day trading is the practice of buying and selling a financial asset within a single trading day. Known as day traders, investors that follow this practice usually make use of high levels of financial leverage to maximise the profit they can earn from small market movements. Day trading is most commonly seen in the foreign…

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What is Leverage in Forex?

Financial Leverage enables retail Forex traders to control market positions that are much larger than their initial investment. Effectively, financial leverage takes the form of a loan that a trader takes from their broker, helping them invest in the foreign exchange market without needing to put up a large amount of their own capital. WHY…