Commitment of traders report for the week ending October 9 EUR short 16K vs -7K short last week.  Shorts increased by 9K GBP short 61K vs 59K short last week. Shorts trimmed by 2K JPY short 115K vs 114K short last week. Shorts increased 1K CHF short 13K vs 13K short last week. No change in

How you react can make a big difference [embedded content] Each forex trade is an experiment that can lead to a failure/loss.  Many new traders are not used to failing as many times as will happen in trading forex. That’s tough to take for many. How traders think about trading failures can make a difference

Fail to plan, plan to fail Turning to today’s post Turkey’s domestic outlook has been troubled lately. The country runs at a current account deficit (it needs to borrow money to balance the books), so the USDTRY strength has been particularly concerning for Turkey as the cost of borrowing effectively increased via the weakness of

How focused are you on anticipating your forex trades? [embedded content] In many things in life, you can often find ways to anticipate what might happen next. In essence, you see the future.  Athletes do it all the time. The best athletes anticipate what will happen next. Animators – who bring cartoons to life –

Some insights on the usage of the Ichimoku indicator The Ichimoku indicator stands out among other technical indicators. It’s just another thing in technical analysis that came from Japan. Its name is translated as “one glance”. The idea is that it allows traders to make a full-fledged judgment about the market after just several seconds

The allure of gold… Gold’s history dates back to at least 3100 BC and has probably been traded before then. Over the years Gold has continually increased in value. More recently, since the financial crisis of 2008, the price of Gold has rapidly increased. This huge increase over the period made it one of the of the

Where have all the children gone? In the long-term, the answer to every question is demographics. Changing ages and populations determine an enormous portion of which companies and countries will be successful. At the same time, they’re one of those things that moves so slowly that we rarely stop to consider them. So the new

Support and resistance explained One of the most foundational aspects of technical analysis is support and resistance levels. These levels are key as they offer traders obvious places to limit and define their risk. There also represent places that price should not go if a trader has correctly analyzed their trade. Take your trading to

San Francisco Fed promotes from within Mary Daly will be the next President of the San Francisco Fed, taking over from John Williams who will lead up the New York Fed. Daly has worked at the New York Fed since 1996 and is the current research director. She will take the job on Oct 1.

How to navigate a path through an upcoming risk event A risk event is any market event that the market is anticipating. For example, this could be an anticipated rate statement, a speech from a central banker, or a long awaited trade deal announcement like Brexit or Nafta. There are two key ways to trade

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

Forex news for North American trade on September 14, 2018: Markets: Gold down $7 to $1194 WTI crude up 35-cents to $68.93 US 10-year yields up 2.4 bps to 2.99% S&P 500 flat at 2904 USD leads, AUD lags It was a full day of headlines on Friday with the main one a report that

The BOE and CBRT will kick things off, before the ECB and Draghi takes over The BOE and CBRT decisions will be due at the top of the hour at 1100 GMT while the ECB’s rate decision and statement will be released at 1145 GMT and Draghi’s press conference will follow at 1230 GMT. The

It’s not that bad I posted a part of this chart earlier but here’s a longer version. It shows Canadian GDP for the past 50 years. It’s similar in most of the world. It’s beautiful chart going from the lower left to the upper right with some tiny dips. I feel like the perception of

Why it’s valuable, but not in a vacuum Bloomberg has a bit of a takedown on CFTC positioning data as a contrarian signal of FX moves. They only look at EUR/USD trade, which is a narrow scope and looks at the net euro position as a percentage of open interest compared to moves over the

How to trade TRY The Turkish Lira has fallen dramatically in recent weeks. The Lira is down over 30% on the year and it had a 16% drop on just the 10th of August alone. One of the key reasons for the implosion of the economy has been Turkey’s current account deficit. This simply means

How to trade Germany’s main stock index The DAX is a blue-chip stock market index which comprises of thirty major German companies trading on the Frankfurt Stock Exchange (FSE). In this sense it is similar to the Dow Jones Industrial Average which also shows how 30 large publicly owned companies in the US have traded.

Platform review You can trade with confidence at UFX.com as it is a fully regulated broker licensed in the European Union and governed by the Cyprus Securities and Exchange Commission (CYSEC). It employs rigorous safety practices and adheres to the MiFID (Markets in Financial Instruments Directive).  It has recently been audited by the prestigious Pricewaterhouse