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OECD warns risk of severe recession in eurozone rising as it cuts economic forecasts.
EUR/USD Classical Technical Report 05.22
NZD/USD Classical Technical Report 05.22
On Monday Euro/Dollar traded within 100 pip range. The European currency appreciated from 1.2724 to 1.2824 yesterday, not matching the negative money flow sentiment at under -10%, closing the day at 1.2814. This morning the Euro is trading quietly, and within yesterday’s range for now
The EUR/USD has entered a period of consolidation. In consolidation, A simple idea is to anticipate downswings from resistance levels and overbought conditions, as well as buy from support levels with oversold conditions.
Whether you’re an experienced trader or brand new to Forex, you should be aware of the strong positive correlation between U.S. Equities AUD/USD (although it has been somewhat weaker than normal over the past few weeks). This historical intermarket relationship is predominantly due to the fact that the Aussie
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The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover larger than the combined volume of all U.S. equity markets.
"Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
Forex is a true 24-hour market, open continuously from 5:00pm ET on Sunday to 5:00 pm on Friday. With three distinct trading sessions in the US, Europe and Asia, you can trade on your own schedule and respond to breaking news.
Leverage allows you to increase your total return on investment with less cash outlay. However, increasing leverage increases risk.
The sheer volume of Forex facilitates price stability in most market conditions. 85% of all forex transactions involve the 7 major currency pairs.
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