You should Watch Out for These 4 Common Trading Biases

We’ve compiled a list of the most common trading biases and how you can overcome them. Don’t let biases be an obstacle to your trading success! Recency Bias This one is probably the easiest bias to...

GBP/USD sees little action after Peterborough By-election results

Sterling remains flat despite UK’s Brexit party’s loss in local elections.  Daily candles with long upper shadows have put a damper on corrective rally. GBP/USD continues to trade largely unchanged on the day at 1.2690...
AUD/USD: Steady on loan approvals, awaits Nonfarm Payrolls

AUD/USD: Steady on loan approvals, awaits Nonfarm Payrolls

AUD/USD is currently trading at 0.6974 between a tight range of 0.6972 and 0.6979. All eyes look ahead to Nonfarm Payrolls, brushing aside Australian loan approval. AUD/USD was drifting higher overnight from 0.6965 to 0.6994 then...
EUR/USD flirting with daily highs near 1.1270, data on sight

EUR/USD flirting with daily highs near 1.1270, data on sight

EUR/USD stays close to the 100-day SMA at 1.1275. The greenback remains under pressure on rate cut chatter. Final services PMIs, Producer Prices, Retail Sales next on tap. The bid tone around the European...

USD/JPY struggles near multi-month lows, around 108.00 handle

Increasing Fed rate cut bets continue to weigh on the USD. •  Fading safe-haven demand helped limit further downside. •  Traders now eye US economic data for some fresh impetus. The USD/JPY pair struggled near 4-1/2 month lows, with bearish traders...

NZD/USD technical analysis: Break above 0.6559 needed to validate falling wedge breakout

NZD/USD witnessed a falling wedge breakout on May 24 only to fall back to 0.65 on May 30. As a result, a daily close above 0.6559 (May 27 high) is needed to validate...
USD/CAD: Another pullback from 5-month old resistance-line as WTI catches a breath

USD/CAD: Another pullback from 5-month old resistance-line as WTI catches a breath

Energy bears’ break favors the USD/CAD pair’s momentum sellers. Manufacturing PMI in the focus for fresh impulse. A little halt in WTI decline and greenback weakness triggers the USD/CAD pair’s pullback to 1.3510 during early...
AUD/JPY: Dumps towards swing lows on knee jerk to Mexican tariff noise

AUD/JPY: Dumps towards swing lows on knee jerk to Mexican tariff noise

AUD/JPY has dumped on the back of an escalation of trade wars with a twist. AUD/JPY is down -0.22% at the time of writing, printing fresh lows since 23rd May at 75.41 for...

NZD/USD: No response to New Zealand’s downward revision of budget surplus forecast

NZD/USD turns a blind eye to New Zealand’s decision to cut budget surplus forecast. New Zealand’s Finance Minister says increased spending to support the economy.  The New Zealand government announced a downward revision of...
New Zealand cut its budget surplus forecast for 2019/20 to NZD1.3bn, Kiwi sticks to lows

New Zealand cut its budget surplus forecast for 2019/20 to NZD1.3bn, Kiwi sticks to...

New Zealand’s (NZ) government is out with its annual 2019 Budget, with the key details found below. Budget surplus forecast for 2019/20 slashed to NZD1.3bn GDP forecast 2018/2019 cut to +2.1% vs.  2.9% previous forecast. Information on these pages...

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