Yen Appreciates as BoJ Remains Passive

The Japanese yen gained today as the nation’s central bank refrained from expanding its already substantial monetary stimulus during its policy meeting. The currency gained even though analysts speculated that additional monetary easing is still in the cards. The Bank of Japan kept its interest rates near zero and the asset purchase program at ¥80 trillion. The statement said that the Japan’s economy continues to recover moderately and is expected … “Yen Appreciates as BoJ Remains Passive”

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Factors Affecting Psychology of the Trader

Trading in the forex markets is dead simple. You simply sell high and buy low. It’s like taking candy from a baby. Yeah right. A few thousand dollars in the red later many traders have come to realize that their trading account is the candy and they are the crying baby from which the markets … “Factors Affecting Psychology of the Trader”

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USDCAD Searches For Clear Direction

USDCAD: USDCAD continues to remain in a consolidation mode having been trapped in a range below its key resistance zone at 1.3352. A break either way must occur to trigger directional moves. Resistance resides at the 1.3300 level where a break will target the 1.3350 level. Further out, resistance comes in at the 1.3400 level … “USDCAD Searches For Clear Direction”

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GBP/USD: Trading the British Wages Sep 2015

British Average Earnings Index, released each month, is a leading of consumer inflation. A reading which is higher than the market forecast is bullish for the  pound.                                                       Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 8:30 GMT. Indicator Background The Average Earnings Index is closely watched by analysts, and as a … “GBP/USD: Trading the British Wages Sep 2015”

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EURUSD 4 Hour Bullish Rejection Candle Swing Trade

Looking at a bullish rejection candle that has formed on the 4 hour time frame of the EURUSD. I call these ones ‘thick body’ rejection candles because in this case, the candle signal has a thick bullish body – which gives the setup a little more bullish presence. The candlestick buy signal formed right on … “EURUSD 4 Hour Bullish Rejection Candle Swing Trade”

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GBPUSD Bullish Candlestick Reversal Pattern on Daily Chart

The GBPUSD has recently suffered a hard drop of 8 days of intense selling, moving price from a larger range structure top, sharply to the bottom support. During the 8 day sell off we haven’t seen any bullish closing days! Now the market has reached a major support level, the bulls have finally decided to step in … “GBPUSD Bullish Candlestick Reversal Pattern on Daily Chart”

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Franc Shows Good Performance Despite Swiss Data

The Swiss franc was flat versus the US dollar and rose against the euro even though macroeconomic data released from Switzerland on Monday was in no way supportive for the currency. Swiss Producer Price Index dropped 0.7 percent in August compared to the drop of 0.4 percent anticipated by most market participants. Retails sales were down 0.1 percent in July from a year ago, frustrating analysts who had predicted a 1.5 … “Franc Shows Good Performance Despite Swiss Data”

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Australian Dollar Goes Higher on Monday

The Australian dollar was higher on Monday following the mixed China’s data released over the weekend and ahead of tomorrow’s minutes of Australia’s central bank minutes. The Australian dollar was rising for three consecutive sessions against the US dollar and for six sessions versus the Japanese yen. The rally may end, though, if the minutes of the Reserve Bank of Australia hints at possibility of an interest rate cut next month. This month, the RBA refrained from … “Australian Dollar Goes Higher on Monday”

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Meet Orbex at the Barcelona Forex Traders Expo 2015

The team at Orbex is participating in the Barcelona Forex Traders Expo this September, and has an offer for traders. Here’s more from the official press release: This September, Orbex Team is travelling to Barcelona to meet traders, investors and introducers to discuss the investment opportunities in person and share some of the latest developments … “Meet Orbex at the Barcelona Forex Traders Expo 2015”

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GBPUSD: Key Support At 1.5450/07 Zone Turns Price Lower

GBPUSD: With GBP turning lower at its key resistance zone at 1.5450/7 today, there is risk of more weakness as long as that zone continues to hold. This development is coming on the back of our earlier warning of how significant that level will be. Also, note that we have to see a close below … “GBPUSD: Key Support At 1.5450/07 Zone Turns Price Lower”

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