January 2016 Blog Posts (23)

6 Tips on How to be a successful Forex trader

Forex trading is more art than science, because of all its charts, numbers and ratios. The best traders are those who sharpen their skills through practice and discipline. Here are some tips that you may find helpful (shared by fibo group holdings ltd):

Define your goals

Before you start trading, it is important that you gather some idea about what you want to trade and how you plan to reach your goal. It is equally important that…

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Added by Adam Guptill on January 29, 2016 at 4:40pm — 1 Comment

USD/JPY: general review



 



Current trend



The pair continues growing even though the Fed at yesterday’s meeting left the interest rate unchanged.



At the same time, the Bank of Japan is expected to expand its stimulation program to reach the inflation target of 2% that would lead to further fall in the Yen. Furthermore, cheaper national currency would allow increasing Japanese exports and making them more competitive, that would have a positive effect on the… Continue

Added by AlexanderLF on January 28, 2016 at 4:30pm — No Comments

XAG/USD: technical analysis



 



XAG/USD, D1



On the daily chart, the pair is trading above the upper MA of Bollinger Bands. The price remains below the EMA100 and EMA144, both directed horizontally. MACD histogram is in the positive zone, its volumes are insignificant. The DI lines are directed down; ADX is growing.



 



XAG/USD, H4



On the 4-hour chart, the pair is trading in the area of the upper MA of Bollinger Bands. The price remains above the EMA50,… Continue

Added by AlexanderLF on January 28, 2016 at 12:48pm — No Comments

USD/CHF: waiting for the Fed decision



 



Current trend



Today the pair is falling amid some weakening in the US Dollar that remains under pressure prior to the Fed Interest Rate Decision. Experts do not expect the rate to be hiked. At the same time, investors will focus their attention on commentaries by the regulator, in which there could be announced that monetary policy tightening is going to be delayed that would substantially pressure the pair.



 



Support and… Continue

Added by AlexanderLF on January 27, 2016 at 4:57pm — No Comments

EUR/USD: general review



 



Current trend



The pair continues growing amid some weakening in the USD.



The American currency remains under pressure prior to the Fed Interest Rate Decision that is due today. Experts predict that monetary policy will stay unchanged. Furthermore, due to problems in China and falling oil prices the regulator might delay the next rate hike until summer that would significantly support the pair.



 



Support and… Continue

Added by AlexanderLF on January 27, 2016 at 1:20pm — No Comments

NZD/USD: investors waiting for interest rates decisions



 



Current trend



This week, the NZ Dollar, like other commodity currencies, is losing its positions again, following a decline in the price of oil. The price of oil is under pressure from concerns that an oversupply of the global oil market might deepen.



On Wednesday, market participants will turn their attention to the publications of interest rate decisions in the US and New Zealand. Further dynamics in the NZD/USD pair will largely depend on these… Continue

Added by AlexanderLF on January 26, 2016 at 6:56pm — No Comments

USD/JPY: ahead of BoJ meeting



 



Current trend



On Friday, the Bank of Japan releases its decisions on interest rates and quantitative and qualitative monetary easing programme. Last week, BoJ Governor stated the Regulator will not hesitate to adjust policy as needed to achieve the inflation target of 2%.



Amid a slowdown in Japan’s economic growth and, therefore, different approaches to monetary policy in the US and Japan, the USD/JPY pair is likely to grow in the medium… Continue

Added by AlexanderLF on January 26, 2016 at 5:58pm — No Comments

USD/CAD: pair fell





Current trend



In the end of last week, the pair significantly fell amid substantial growth in oil prices.



In addition, the Canadian Dollar was supported by strong macroeconomic data from Canada. Retail Sales in November 2015 grew by 1.7% while economists predicted a 0.2% growth. At the same time, the Consumer Price Index in December grew by 1.6%, against a 1.4% growth in the previous month that was, however, slightly worse than forecasts. Similar index… Continue

Added by AlexanderLF on January 25, 2016 at 12:35pm — No Comments

USD/JPY: no change in trend yet





Current trend



A growth in stock indices followed ECB President Mario Draghi comments on future monetary policy in the eurozone. Japanese stock index NikkeiStockAverage also gained support when an aide to Japanese Prime Minister pointed out that further easing of monetary policy is necessary. Together with the index, the USD/JPY pair is growing as well. If the Bank of Japan introduces additional stimulus measures, the pair will manage to gain back its recent… Continue

Added by AlexanderLF on January 22, 2016 at 4:38pm — No Comments

XAU/USD: general review





Current trend



The price of gold continues growing amid yesterday’s news regarding a possibility of the QE program expansion by the ECB. In the nearest future, the price is likely to grow to the level of 1112.50 where the pair traded at high volumes. After that, the price will fall.





Support and resistance



The RSI is below the 70 mark indicating that the growth can continue to the level of 1115.00.



Support levels: 1074.52… Continue

Added by AlexanderLF on January 22, 2016 at 2:43pm — No Comments

AUD/USD: growth might resume





Current trend



On Thursday, the AUD/USD pair tested the level of 0.6950, the 23.6% Fibonacci correction level. The Australian currency managed to strengthen when the US released not so favorable December’s data on inflation. Though Consumer Price Index came in at 0.7% in annual terms, it was 0.1% below the forecast. In monthly terms, the indicator was down to -0.1%. However, the pair is still under pressure from a gradual slowdown in China’s economy as the country… Continue

Added by AlexanderLF on January 21, 2016 at 7:22pm — No Comments

EUR/USD: general review





Current trend



Yesterday the pair fell amid growing anxiety on the market due to declining oil prices. In addition, the Euro remained under pressure prior to the ECB Interest Rates Decision that is due later today. The decision could significantly affect dynamics in the pair.



At the same time, the pair was supported by data on the Consumer Price Index from the US that came out worse than expectations. In December, the index fell by… Continue

Added by AlexanderLF on January 21, 2016 at 4:24pm — No Comments

Job Change - new year new chance!! :)

Hey everyone, I'd like to inform you all that I have changed my job from Varengold Bank FX to GBE brokers Ltd.. I am still in Hamburg, actually in the same street as before

But the working environment is muuuuuuch more friendly and comfortable :)

Why I have changed?

Well there were several reasons. Reasons I cannot talk about since I am not allowed to and others that I can say right away ... : I wanted to offer my clients some space where they can benefit from…

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Added by Antje Wagner on January 20, 2016 at 5:00pm — No Comments

USD/CAD: pair growth and oil prices fall





Current trend



The Bank of Canada holds its monetary policy meeting today. As BoC Governor Stephen Poloz has repeatedly stated, the Regulator aims at keeping loose monetary policy and considers a possibility of a rate cut to -0.5%.



The Canadian currency is declining against the US Dollar amid a sharp fall in oil prices. On Tuesday, the International Energy Agency reported oil supply might increase by 1.5 barrels per day in next six month. Moreover, oil… Continue

Added by AlexanderLF on January 20, 2016 at 3:44pm — No Comments

XAG/USD: technical analysis





XAG/USD, D1



On the daily chart, the pair is moving along the middle MA of Bollinger Bands. The price remains below the EMA50, EMA100 and EMA144 that are directed down. MACD histogram is in the negative zone and its volumes are barely changing. DI lines are moving up, while ADX is horizontal.





XAG/USD, H4



On the 4-hour chart, the pair is trading in the upper Bollinger band. The price remains below the EMA100 and EMA144, but above… Continue

Added by AlexanderLF on January 20, 2016 at 1:32pm — No Comments

XAG/USD: technical analysis





XAG/USD, D1



On the daily chart, the pair is moving along the middle MA of Bollinger Bands. The price remains below the EMA50, EMA100 and EMA144 that are directed down. MACD histogram is in the negative zone and its volumes are barely changing. DI lines are moving up, while ADX is horizontal.





XAG/USD, H4



On the 4-hour chart, the pair is trading in the upper Bollinger band. The price remains below the EMA100 and EMA144, but above… Continue

Added by AlexanderLF on January 20, 2016 at 1:24pm — No Comments

XAU/USD: general review





Current trend



The price of gold remains below the level of 1097.66 where it was trading on high volumes last Friday.



According to forecasts, production of gold is declining due to the absence of new fields that could lead in the long-term to increase in the price. In 2016, its output could shrink by 3%. In addition, the price is supported by instability in the Middle East and continuing fall in oil prices.



At the same time, the price remains… Continue

Added by AlexanderLF on January 19, 2016 at 4:16pm — No Comments

EUR/USD: general analysis





Current trend



The EUR/USD pair is trading below the key resistance level of 1.1000. The European currency remains under pressure from a range of fundamental factors.



France’s economy is facing difficulties and needs additional monetary support of about 2 billion euros, according to a preliminary estimate. Unemployment rate, which is more than 10%, and domestic security are seen as the key issues for the French government. At the same time, the President… Continue

Added by AlexanderLF on January 19, 2016 at 1:38pm — No Comments

EUR/USD: pair is growing





Current trend



In the end of last week, the pair strengthened.



The Euro was supported on Friday by poor macroeconomic statistics from the US, where Retail Sales for December fell by 0.1%, while economists predicted a zero change. Retail Sales excluding Autos shrank by 0.1%, against a forecasted growth of 0.2%. In addition, Industrial Production data showed a decline of 0.4%, instead of a predicted growth of 0.2%. December, thus, was the third consecutive… Continue

Added by AlexanderLF on January 18, 2016 at 1:56pm — No Comments

AUD/USD: general review









Current trend



Yesterday the pair significantly strengthened amid falling US Dollar that was pressured after the publication of poor data on Jobless Claims in the US. At the same time, despite increased Home Loans in Australia, that usually supports the AUD the pair is falling today.



Today extra attention needs to be paid to data on Retail Sales in the US. According to forecasts, the index will fall to 0.0% that might pressure the… Continue

Added by AlexanderLF on January 15, 2016 at 3:58pm — No Comments

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