G'day, forex mates! The Aussie got creamed last week because rate cut expectations are now apparently back into play. And since the RBA will be announcing its policy decision this Tuesday, I thought that I'd give y'all a Forex Snapshot of Australia's economy.
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The Japanese yen demolished its forex rivals this week while the Aussie got the stuffing beaten out of it. So, why was the Japanese yen so strong while the Aussie was so weak? Time to find out!
Forex trading requires you to deal with risk and the unknown every single day. Here's how you can take control of stressful situations and use them to your advantage.
I'm ending this week's intraday forex charts update with an ascending channel for AUD/USD and a couple of flags for EUR/AUD and GBP/AUD. Hey! That's a forex chart pattern + Aussie combo right there.
Another good forex trading week for the HLHB System, as it gained pips from both EUR/USD and GBP/USD. Huzzah!
The SMA Crossover Pullback forex mechanical system managed to score a few wins even with choppy trading conditions lately. See for yourself!
Mr. Carroll, I think we have entered the world of nonsense; it seems pervasive, but as it applies to monetary and fiscal policy nonsense is the word. For the down the rabbit hole we have gone.
It was a good day for me as I was able to grab over 20 pips off of one trade today! See how it all went down in today's Cowabunga Surf Report.
Still choosing between MT4 and MT5 when it comes to your trading platform? Here's why the MetaQuotes CEO is encouraging you to move over to MT5.
With all these breakouts on GBP pairs these days, I've decided to switch to a bullish pound bias with this long GBP/NZD trade idea. Check it out and tell me what you think!
As I've mentioned in my Twitter update earlier, I've decided to exit my NZD/USD long trade ahead of the FOMC statement and RBNZ interest rate decision. Should I re-enter, though?
GBP/AUD has been in a strong downtrend, but I think the conditions may be right for a short swing higher on recent strength.
Leaning towards USD strength plays & the ECB has likely opened the door that this Fed may want to continue through: one, maybe two rate hikes by year's end?