Sneak Peek: A Less Dovish FOMC Could Push EUR/USD Lower
If Powell were to maintain his neutral stance on forward guidance, dollar could strengthen as Fed Fund Futures is already pricing in a 95% cut in September. Short EUR/USD?
Fed Likely to Stay Patient on Its Rate Path
Fed may disappoint traders this week in its FOMC meeting, sell USD/JPY?
Copy Tip of the Week – How to Manage your Risk Using MMC
MMC (Money Management Correlation) is an indicator under “Portfolio” which shows conformity of your copying settings for a specific trading strategy to Money Management rules defined by a strategy...
Sneak Peek: Weaker Retail Sales Could Provide Dollar Long Opportunity
A weaker retail sale could cause the US yield curve to steepen, resulting in a stronger dollar due to US yield curve correlation with the dollar index. Long USD/JPY?
Sneak Peek: Eyes on Australia Labour Data Tomorrow
As RBA’s optimism last week was largely due to labour data, a stronger data tomorrow could boost the Aussie dollar. Short EUR/AUD if data surpasses expectations.
US Jobs Report Induces Fed to Cut Rate
Bets on Fed to cut within the year increase, sell USD/JPY?
Copy Tip of the Week – How to Filter Out Strategy Providers Using Demo Accounts
In the forex trading scene, it’s often normal for new traders to first start with a demo account before switching to a Live account with real money. There are three advantages to using a demo account:
Breaking News: What To Expect From ECB Tonight
With the market already pricing in a downgrade in eurozone economic projections, only a change in forward guidance could push euro lower. Short EUR/USD if Draghi were to mention a rate cut tonight.
Breaking News: Aussie Dollar Strengthened Despite Rate Cut
As the market is already pricing in a rate cut today coupled with Governor Lowe’s optimism on Australia’s economy, EUR/AUD could fall further if GDP tomorrow is strong.
