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Australian Dollar Talking Points AUD/USD slips to a fresh monthly-low (0.7178) at the start of the week as data prints coming China, Australia’s largest trading partner, dampen the outlook for the Asia/Pacific region, and the advance from the 2018-low (0.7021) may continue to unravel as the exchange rate extends the series of lower highs from […]
This Fiscal fallies cartoon is a satirical commentary by an editorial cartoonist, about the state of affairs with two of the world’s leading currencies, the greenback or US Dollar, and the Euro, represented here by a character known as Euroman. This comic strip appeared in the binary options news of November 14, 2012 thanks to […]
Australian Dollar Talking Points AUD/USD pares the decline from earlier this week as the U.S. Non-Farm Payrolls (NFP) report disappoints, and the exchange rate may continue to consolidate over the coming days as it fails to extend the recent series of lower highs & lows. AUD/USD Rate Vulnerable to Slowing China Consumer Price Index (CPI) […]
What are candlesticks in forex? Forex candlesticks provide a range of information about currency price movements, helping to inform trading strategies Trading forex using candlestick charts is a useful skill to have and can be applied to all markets What could possibly be more important to a technical forex trader than price charts? Forex charts […]
Australian Dollar Talking Points AUD/USD continues to carve a series of lower highs & lows as fresh data prints coming out of Australia instill a weakened outlook for the region, and recent price action raises the risk for a further depreciation as both price and the Relative Strength Index (RSI) snap the bullish formations carried […]
Talking Points: – The National Day of Mourning for the late US President George H.W. Bush means financial markets will be closed, economic data releases pushed until tomorrow, and Fed Chair Jerome Powell’s testimony in front of the Senate Joint Economic Committee is canceled. – With no developments likely on the US-China trade war front […]