Thin trading volume expected until New Year’s

Share We are on the verge of a new year, and as usual the Forex market is finally taking a breather. For the last week trading was limited to occasional movements and it is expected to stay in that way until after the first of January. Most of the Central Banks will be closed today, although we expect [...]

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Dollar falls on Middle East Fighting Concerns

Share We expected a calm open for the market this week as most  traders are still enjoying their  holiday until new year’s eve. However, intensified fighting between Israel and the Hamas have brought tension  to the middle east- this region is the  world’s biggest supplier of oil. As a result  the price of oil was trading up this morning, [...]

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Plunging Pound – once was king

Share After almost a decade of ruling the Forex market, the British pound is falling down to new depths. Prior to the crisis, there where some voices out there  claiming the pound was overvalued, especially since the Euro was introduced, however, for most of us, it was only but natural to regard the starling as a strong currency. It [...]

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What timeframe should I be using?

Share It is interesting that alot of people are quite confuse as to how to use the various charting timeframe. It must be noted that each different timeframe has its own usage. For me, I normally toggle between 1 Min, 5 Min, Hourly, Daily and even Weekly chart as and when I needed them. Here is how [...]

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Dollar slightly higher on thin pre-holiday trading

Share A U.S government report today showed a drop in existing and new home sales, while an earlier report shoed the U.S economy contracted in the third quarter of the year ( GDP -0.5). at first, the grim news out of U.S have pushed the dollar down on early trading, however the picture changed around New-York session [...]

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