Understanding forex news & how it affects currency prices. Last week the Aussie unemployment figures, as shown on Forex Factory, came in as expected in terms of the % of people out of work, but the employment change was worse at-0.5k as opposed to the expected...
Good morning all What`s up or down this morning? A couple of weeks ago in one of my Friday posts I showed you how the average daily ranges of most pairs have dropped significantly. I looked at 29 pairs and out of the 29 only one (GBP/Aussie) had a daily range over a...
Good morning all. What’s up and what’s down this morning? Well, let’s have a look…… There is yet more scheduled news for the Aussie, including interest rate news and statement. The RBA governor Lowe is also making a speech on Tuesday, in Sydney about the housing...
Hard to believe but the GBP actually had a good week this week, predominantly down to the reducing likelihood of a no deal Brexit. Prime Minister Theresa May made it quite clear last week that Parliament would be given a vote on whether to extend article 50 or “crash”...
This is a great article from one of my private students, Jeff L. First published in 2015 BUT whenever I speak with a trader who finally “gets it” and they now KNOW what they have been doing wrong, 95% of them admit that this is one of the major reasons....
Some of the members recently asked me to re publish this article and as this week is one when best advice is walk. Hopefully it keeps you away from your charts 🙂 at least until after the New Year celebrations. The 5 Phases of a Forex Trader: Probably the best forex...