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The USD is still suffering despite a generally ugly start to the US session. Can the greenback stay down if risk remains under pressure? Also – USDJPY challenging that key 80 level again. The USD is still licking its wounds As we discussed in our weekly wrap video from Friday, the weak USD/weak risk picture [...]
Euro holds firm after explosive gains overnight * ECB signals April rate hike, staggers markets * Focus turns to U.S. non-farm payrolls data (Adds comments on euro, updates prices) The euro took a breather in its explosive rally ahead of influential U.S. jobs data on Friday, but the single currency is set to stay in [...]
Fundamental analysis utilizes data points such as Gross Domestic Product, trade balance, and actions by central banks to decide how a currency will perform. Fundamental analysis is essentially doing all the math and fact finding to see how the market should value a currency, then buying or selling to await the market’s movement in your [...]
Arguably, the stop loss and take profit orders are the two most important order types for foreign exchange traders. The two orders are essentially orders on top of another order. The stop loss allows you to determine at what price you want to cut your losing trades and the take profit allows you to enter [...]