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EURUSD EUR/USD is consolidating in the lower end of the weekly range around 1.1280 as market participants continue to adjust to the appointment of IMF’s Christine Lagarde to succeed  Mario Draghi  at ECB. EUR/USD comes under pressure near 1.1280. Yields of the 10-year Bund drop to all time lows near 0.40% The renewed dovish stance from the  ECB  and USD-dynamics should dictate the price action around the pair in the near term, helped at the same time by the broad risk-appetite trends and the recent positive developments from the US-China trade front.  USDJPY USD/JPY struggles near weekly lows, just above mid-107.00s Reviving safe-haven demand benefits the JPY and keeps exerting downward pressure.  USD/JPY struggles near weekly lows, just above mid-107.00s Having failed to capitalize on the weekly bullish gap, the pair remained under some selling pressure for the second consecutive session. The latest optimism over the US-China tra...

Forex Currencies and Gold shares important correlations as follows: Gold and USD During times of Economic Unrest, investors shows lack of interest in Dollar(USD). Hence, when gold goes up, USD falls. Gold and AUD/USD Australia is the third largest gold producer in the world, selling approx. $5Billion/year. So AUD/USD raises when gold goes up. Gold and NZD/USD New Zealand is also one of the biggest gold producer in the world. With gain in gold, NZD/USD also goes up. Gold and USD/CHF CHF raises when gold goes up as 25% of Switzerland's reserve are backed by gold and pair moves down. Gold and USD/CAD CAD raises when gold goes up as Canada is 5th largest producer of gold. Hence, when gold raises up, USDCAD goes down Gold and EUR/USD Both Gold and Euro are ANTI_DOLLARS. If price of gold goes up then EUR/USD may go up as well. Oil and USD/CAD CAD raises when Oil goes up as Canada is one of the top Oil Producer that exports 2 Million Barrel/Day . USDCAD goes down w...

As the prefix “macro” in the name suggests, macroeconomics deals with the bigger picture. It is not only one specific economy that traders consider, but the implications in the overall global picture.  Forex market is primarily driven by overarching macroeconomic factors. These factors influence a trader's decisions and ultimately determine the value of a currency at any given point in time. GDP- Gross Domestic Product This is the measurement for goods and services that were finished over a period of time. GDP may be the most obvious economic report, as it is the baseline of a country's economic performance and strength.  The GDP is broken down into 4 categories: Business Spending Government Spending Private Consumption Total Net Exports Inflation Inflation is also a very important indicator, as it sends a signal of increasing price levels and falling purchasing power.  This is the measure of increases or decreases in pricing levels over a ...

EUR/USD: EUR/USD appears to have met a tough resistance in the 1.1450 region, where sits the key 100-day SMA. Extra gains need the pair to clear this area on a sustainable note. The 1.1500 neighbourhood should then emerges as the next target.  EUR/USD should remain unchanged while underpinned by the 1.1290 area, where coincide YTD lows and the short-term support line. GBP/USD: The recovery in the  GBP/USD  pair from weekly lows of 1.3058 lost legs just shy of the 1.31 handle, as the bears keep the upside attempts capped amid the return of the Brexit deal-related uncertainty.  EU likely to reject May’s new plan, Cable could drop further to 1.3000. All eyes on FOMC decision ahead of the UK-EU renegotiation. UK PM May to renegotiate the Irish backstop with the EU, as Brady’s amendment was approved.  USD/JPY: The USD/JPY pair met with some fresh supply and is currently placed at the lower end of its daily trading range.  The USD ...

WHAT IS TRAILING STOPLOSS? Instead of manually adjusting your stop-loss order, you can enter a trailing stop-loss that will trail, or stay below, the current price by the amount you set. The stop-loss will be automatically adjusted each time XYZ makes a new high. Thus, a sell trailing stop order sets the stop price at a fixed amount below the market price with an attached "trailing" amount. As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop loss price doesn't change, and a market order is submitted when the stop price is hit. Difference Between a Stop-Loss Order and a Trailing Stop Order The difference between a regular and trailing stop-loss order is that the regular stop-loss must be changed manually, while a trailing stop-loss is adjusted automatically based on the amount or percentage you set. A trailing stop loss saves you the time and effort of recalculating and changing your stops manually and takes...