• Weekly Market Outlook and Review—Week Ending 13 January

    Weekly Market Outlook and Review—Week Ending 13 January

    • January 7, 2023

    Happy New Year! It was all largely about the US last week. Despite signs of easing inflation pressures in the US—June’s 9.1% reading appears to be the peak—Federal Reserve officials continued to call for interest rate increases to bring inflation back to the central bank’s 2% target. The FOMC meeting minutes released on Wednesday revealed

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  • Attention Shifts to US Employment as the Dollar Climbs North

    • January 5, 2023

    Yesterday witnessed US ADP non-farm employment change and initial jobless claims pencil in better-than-expected data. According to the ADP National Employment report, private US employment jumped by 235,000 jobs in December, building on November’s upwardly revised 182,000 print. In terms of the US initial jobless filings, for the week ending 31 December, initial unemployment claims

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  • A Complete Beginners Guide to Reading Candlestick Charts

    A Complete Beginners Guide to Reading Candlestick Charts

    • December 23, 2022

    Reading time: 10 Minutes History Candlestick charts are claimed to have been created in the 18th century by Japanese rice trader Munehisa Homma. In 1991, Japanese Candle Charting Techniques, written by Steve Nison (Amazon.com), served as an introduction to the west. This book includes a wealth of information you can use as a resource for

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  • Here’s Everything You Need To Know About CFD Trading Tax Implications

    Here’s Everything You Need To Know About CFD Trading Tax Implications

    • December 23, 2022

    Reading time: 7 minutes One of the main benefactors of a successful trading career is the favourable tax regulations shaped around the financial markets. Before opening a trading account though, traders need to be aware that rules, regulations and tax scenarios vary across borders and jurisdictions. Similarly, traders and retail investors need to know how

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  • Most Common MetaTrader 5 Scams and How to Avoid Them

    Most Common MetaTrader 5 Scams and How to Avoid Them

    • December 23, 2022

    Reading time: 7 minutes Online scamming is nothing new. Crime is an unfortunate by-product of any industry, and unfortunately for online traders, the forex market is no different – perhaps made worse by the growth and ease of digital scams aimed at forex trading. MetaTrader 5, commonly known as the abbreviated MT5, is one of

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  • On Metals Trading: Ways to Buy Silver

    On Metals Trading: Ways to Buy Silver

    • December 23, 2022

    Reading time: 7 minutes When markets take a downturn, when economic stability is met with uncertainty and when investors look for so-called ‘safe havens’ to protect their capital, it’s the metal’s market that tends to gain traction. Gold and silver are the dominant choices, due to their global popularity and the idea that precious metals

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  • Bumper Central Bank Session Review; PMIs Eyed

    Bumper Central Bank Session Review; PMIs Eyed

    • December 15, 2022

    Thursday was quite a session. Three central banks, the Swiss National Bank (SNB), the Bank of England (BoE) and the European Central Bank (ECB) hiked rates by 50 basis points. This followed the Fed’s decision to hike the Fed Funds rate by 50 basis points on Wednesday, a deceleration that brought the target range to

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  • FOMC Preview: A Deceleration in Rate Hikes?

    FOMC Preview: A Deceleration in Rate Hikes?

    • December 13, 2022

    Tuesday was an interesting one for the financial markets, welcoming US consumer price inflation data for November (Consumer Prices Index [CPI]). Headline annual inflation slowed for a fifth consecutive month to 7.1%, following October’s reading of 7.7%, according to the Bureau of Labour Statistics. The report observed that November’s release was the smallest annual increase

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  • US Inflation (CPI) Briefing; Dollar Index Remains South of 200-Day SMA

    US Inflation (CPI) Briefing; Dollar Index Remains South of 200-Day SMA

    • December 12, 2022

    It was a reasonably quiet session for the US dollar on Monday, eking out a modest gain against major peers, according to the US Dollar Index. For those who missed the research team’s latest technical report, here is a reminder of the USD’s current position on the daily timeframe: If sellers can maintain position south

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  • Weekly Market Outlook and Review—Week Ending 16 December

    Weekly Market Outlook and Review—Week Ending 16 December

    • December 10, 2022

    The beginning of the week observed the Reserve Bank of Australia (RBA) increase the Cash Rate by 25 basis points to 3.10% from 2.85%—the highest level since late 2012. This, its last meeting of 2022, is also the central bank’s 8th consecutive rate hike this year. Key points from the RBA’s December statement were that

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  • Daily Outlook and Review: BoC Eyed; USD/CAD Approaching Resistance

    Daily Outlook and Review: BoC Eyed; USD/CAD Approaching Resistance

    • December 6, 2022

    Tuesday witnessed the Reserve Bank of Australia (RBA) increase the Cash Rate by 25 basis points to 3.1% from 2.85%—the highest level since late 2012. This, its last meeting of 2022, is also the central bank’s 8th consecutive rate hike this year. The immediate reaction observed the Australian dollar advance against its US counterpart, rallying

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  • USD/JPY Oversold?

    USD/JPY Oversold?

    • November 14, 2022

    Charts: TradingView The USD/JPY currency pair shed 5.4% over the course of last week, chalking up a near-full-bodied bearish candle and recording its largest one-week decline since 2008. Despite the monstrous sell-off, which ended at session lows, the long-term trend has been dominantly higher since 2021. In fact, year to date, the pair is 22%

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