#oanda interest calculator

[janisurstemostrespectedtrade]

Janis Urste  Come Check Out These Fantastic Forex Tips

Janis Urste Professional tips provider. Forex is short for Foreign Exchange. Forex is the market place where international companies can exchange currency that they need to do business in different countries. This article can help you to better understand how Forex works and why it is so vital to so many companies who do business on a global basis.

Limit yourself to just a few markets in the beginning. Choosing a few markets to work with will allow you to focus and learn. Knowledge is one of the keys to a successful run in the Forex market. So, limiting yourself will allow you to become an expert in your chosen currencies.

Despite its complexity, the forex market subscribes to the KISS principle. (i.e., Keep It Simple, Stupid) There is little benefit to employing obtuse and over-analytical forex strategies if the trader using them does not understand how they work. Simple principles that the trader grasps thoroughly are always preferable to complex tactics that are inexplicable to their users.

Remember that Forex trading is about playing the odds, not about trying to predict what will happen next. Nobody can truly predict the future of a currency on the Forex market. Instead, you have to set up a system that pays attention to the statistical odds of a currency pair.

Always manage your risk. The Forex market is tricky and it can turn on you in a heartbeat. Set up stop loss amounts to keep yourself from losing your shirt in a downturn. If you are making a profit, pull the profit out of the market and leave your initial investment.

Study your prior trades, both the good and the bad. The best way to learn what works is to study your successes and failures in the market. Look for patterns in your trades to see what strategies work best for you. Try keeping a diary of your trades and mark down what the results are.

When pursuing forex trading, a great tip is to always carry a notebook with you. Whenever you hear of something interesting concerning the market, jot it down. Things that are of interest to you, should include market openings, stop orders, your fills, price ranges, and your own observations. Analyze them from time to time to try to get a feel of the market.

Janis Urste Qualified tips provider. Forex trading is essentially a form of gambling and should be treated as such when managing your money. Only risk the amount of money that you can afford to lose and plan for the possibility of loss. This ensures that you will not lose money intended for bills and savings and lets you trade with more confidence.

If you are interested in getting into the forex market, you have to understand that it is not a game, and it is not worth taking a gamble. Before investing any money, you need to analyze and study the market so you know exactly what you are getting into.

Forex trading can make investors wealthy, but it's going to take patience on your part. You need to approach the market with an air of skepticism. This will obviously force you to trade cautiously, minimizing your risks, and from there you can begin to increase your positions and leverage and start to experience real profits.

If you want to try forex to find out if it is for you or not, you should use internet-based deposits, such as, PayPal. Find a broker that lets you start with small amounts and offer an educational support. For instance, try out brokers such as Marketiva, Forexyard or Oanda.

Use stops strategically. You can minimize your losses and maximize your earnings by placing stops at the right positions. The last thing you want to do, is let a losing trade spiral out of control or fail to take the profits from a good trade before the market trend reverses.

To make money in the foreign exchange market it is instrumental that you use every resource that you have in terms of research. Use graphs to calculate trends and read current news on a certain country in order to know which transactions to make. This will benefit you in the long run.

Janis Urste Expert tips provider. Learn to use the Fibonacci retracements to forecast how the market is going to move. If you learn to use this tool as well as other indicators, such as financial and political data to analyze what the market is going to do, you will be quite successful in your trading.

Do not feel like you have to sit in front of your computer all day to monitor every tick in the forex market. If you do that, you will only tire yourself out and lose focus. What matters is the quality of the time spent monitoring it. In that time, your mind must remain focused on the task so you will not miss any opportunities.

Manage your risks. One huge loss could wipe out your entire trading balance, so start out by trading small. Once you have established a method that works consistently, you can work up to larger endeavors. But do not allow yourself to lose everything you have worked so hard for; this is not gambling - it's business.

Set a timeline for the how long you plan on involving yourself with forex. This will help you create a good plan. If you believe you would like to do it permanently, you should learn everything you can about best practices in order to start out on the right foot. Then, use each technique for about three weeks at a time to ensure that you learn everything you can about it. This will help you build the discipline that you need in order to be a good investor through the years.

Janis Urste Best service provider. As It was recognized at the beginning of the article. Forex is a Foreign Exchange market place for business who operates globally. Many businesses must deal in two or more types of currency and Forex helps to simplify the process. By understanding the information in this article, you can see what Forex has to offer your business.

[fxasker-blog]

What Is STOXMARKET Management And How Can I Access It?

What Is STOXMARKET Management And How Can I Access It? Read More http://fxasker.com/question/53c608642dd71216/ FXAsker

[pipcupid]

Pip cupid Get Helpful Tips About Forex That Are Simple To Understand

Pip cupid Qualified tips provider. If you're starting to gain interest in forex then you're in the right place. Forex is a great place to gain extra money throughout the week as it is open 24 hours a day for 5 days a week. Look at this article and see what information can help you become successful in your forex goals.

Do not try to be the top dog in the forex market. Remember that many others, such as banks and insurance companies, are also trading as well. Focus on making a profit without overextending. You do not want to try to control the entire market because there will always be others who have more money and more power.

Watch your use of margin very carefully. Margin is a great tool but it can lead you into massive debt in a heartbeat in the forex market. Margin can increase profits but if the market moves against you, you will be responsible for the shortfall on the margins.

When trading, do yourself a favor and keep your charts clean and easy to read and understand so that you can effectively use them. Some people have incredibly cluttered charts for reference and if you're a novice, you will think that they know what they're talking about. Most of the time that is not the case. So keep yours clear of clutter so that you can effectively see what's going on in the markets.

Pip cupid Qualified tips provider. Try to avoid trading currencies impulsively- have a plan. When you make impulsive trades you are more likely to trade based on emotion rather than following market trends or following any kind of plan. Impulsive trading leads to higher losses, not higher profits so it is best to plan your trades.

If you plan on participating in forex trading, one great tip is to never count the profits made on your first twenty trades. Calculate your percentage of the wins. Once you figure this out, you can increase your profits with multi-plot trading and variations with your stops. You have to get serious about managing your money.

Avoid highly leveraged accounts when you are new to forex trading. Though rewards can potentially be phenomenal with a win, a loss will be a multiplied disaster. Do not get any leverage on your account until you have been trading a while and better understand the risks involved with leverage.

Understanding how to read the charts and analyze the financial data in forex can be the difference between success and failure. If you do not understand the numbers, you will not understand a good trade when you see one. This means you will ultimately fail, so make sure you're studying up on the numbers.

Pip cupid Qualified tips provider. If one of your position is in the negative, let it go. There is no way of telling when or if this position will become valuable again. You can keep this position if you have money already invested in it, and hope for the best. But you should never add more money to a bad investment.

When trading with forex, do not let the trends of the regular stock market influence you too much. These trends are linked to exchange rates, but the success or failure of one firm, no matter how big it is, is not going to affect the value of a currency overnight.

When using Forex to trade currencies, it's all about knowing the time zones and when certain markets stop quoting others. For instance, American traders specifically should realize that the New York market stops quoting the British Pound at noon. This can cause problems, since London is the biggest Forex market.

Don't waste your time looking for leading indicators when you're trading on the forex market. There aren't any to find, so your search will be fruitless. Some companies claim to sell software that can predict how the market will move, but don't fall for their claims. If they could really tell the future, they wouldn't share the secret.

If you are starting with Forex or wish to trade in a simpler environment, you should look for a platform that offers real time information and is completely transparent. Oanda is a good place to trade: it is easy to keep track of what you are doing and to understand the situation of a market thanks to their interface.

Forex trading relies heavily on software to handle the transactions. Before you commit to a particular broker, if possible, find a way to evaluate the transaction software. You need to be comfortable with the way the transaction software matches your needs and expectations. If it contains features you don't want - or more importantly, doesn't contain features and capabilities you require, you should move on until you find transaction software that will work for your needs.

Focus on trading one or two currency pairs. It is easier to follow their daily and hourly fluctuations and set up trends. You will soon learn their range and volatility level during the week, which will help you to time your trade. Following several forex pairs is time consuming and proves to be less effective than following one or two pairs.

Pip cupid Qualified tips provider. When you experience a loss in the foreign exchange market, you should never try to seek revenge on the market to make up for your losses. Seeking revenge keeps you from taking advantage of other market opportunities while you try to trade in the one currency where you experienced the loss.

The major currency pairs in the foreign exchange market to look out for are the U.S. Dollar/Yen, the Euro/Yen, the Euro/ U.S. Dollar, the Franc/U.S. Dollar, and the Pound/U.S. Dollar. You should carefully look over each of these pairs before deciding to take action on them to see if you missed any critical information.

Now that you have a deeper understanding of ways you can gain some extra money throughout the week through forex you should already have ideas of strategies you want to practice. Remember that in order to see any type of progress you have to actually apply what you learned to the best of your ability. If you do that then you should start making money in no time.

[gineok70]

Verteufelte APP’s

I use Oanda as a currency converter, where quasi instant exchange rates of existing foreign currencies to desired foreign currencies are displayed. Interesting because the price of items ordered online is displayed in USD. Can also be used when it comes to the payment of the article. Since apparently for load distribution the currency calculator 'Oanda' also runs on other servers, without interference for the user, sometimes the designation 'WWW1' appears. But this would only be the case during the startup process. Here, however, the input fields for the currency are displayed with an orange frame and no input is possible. This can only be caused by an external intervention. It indicates that one is no longer the master of one's own data, but that this data is temporarily stored somewhere until it is used. And thus this data can also be edited or copied from the temporary storage. This "mistreatment" of the data can actually only take place in the APP and cloud area. Clouds are probably more likely to be excluded, because I can achieve a different level of security here with redundant servers and mirroring. Demonize and throw these APP's 'out. APP's are developed for smartphones and game consoles. That's where they belong, but not on laptops or PCs. These APP's also cover only a part of the movements. A printer is controlled via an APP. But woe to the printer experiences a software update or is replaced by another device. APP delete and then ??? Or office programs. Each individual segment is then represented by a new APP. And how often is the name of the APP then repeated. Demonize these tech giants who have empowered themselves to the revenue source "APP" without a service behind it.

[clairedmaddox]

How Long Should You Hold a Forex Trade?

When you are first getting started in Forex trading, it can be challenging to know how long to hold a position open and when you should close it out. So if you are wondering how long you should hold your trades, this tutorial will give you the tools to figure it out.

The length of time that you hold a Forex trade open will primarily be determined by your trading strategy, current psychology and status of the trade. While it is possible to keep a trade open anywhere from a few seconds, to a few years, most traders keep their positions open for a time period that is somewhere in between. 

Now let's take a closer look at the different factors to consider when keeping a trade open and examine a few specific scenarios. I'll also answer some frequently asked questions about how long to hold onto a trade.

How Long Can You Hold a Forex Trade?

Let's start by taking a look at how long it's possible to keep a trade open.

You can hold a trade for as long as you want, as long as your broker is still in business and you are able to fulfill the margin requirements in your account. This holding time can range anywhere from a few seconds to a few years. 

Holding a trade for a few seconds generally doesn't have a huge impact on your account, unless you are trading too big of a position size. However, you should consider two things before you hold a position for a long period of time. 

First, what is your total risk on this trade? If you have a trade open for a long time, that implies that you have a wide stop loss or no stop loss at all. 

Obviously, not having a stop loss is a recipe for disaster. Unless you are hedging, which is a form of a stop loss.

But if you have a big stop loss, consider how much of your account is at risk if that stop gets hit.

Will that be too big of a loss to easily make back later? If so, then consider reducing that stop loss to a reasonable amount. For beginners, this is in the range of 1-2% of your total account.

Second, consider the rollover (or interest) that you will lose on the position. 

When you keep a Forex trade open, you will either receive or pay interest. This depends on the current interest rates of the individual currencies in the pair, the amount of leverage you are using and the rollover rates set by your broker.

Your broker probably has a rollover calculator that you can use to estimate how much interest you will pay or receive.

Here are a couple of examples:

Oanda

Forex

If you cannot find a calculator on your broker's website, contact them directly and ask them what their current rates are.

Should You Hold a Trade Over the Weekend?

There are several different factors to consider before you hold a trade over the weekend. The biggest risk is that price will gap against you when the markets open at the start of the next week.

So if you're a scalper, then you shouldn't hold a trade over the weekend.

Your risk is just too great.

However, if you aren't a scalper, then consider these factors.

Reference Your Trading Plan, Data and Trading Journal

The most important thing to consider is your trading plan and what your data says.

Presumably, you have backtested and forward tested your plan and it has an edge.

If you haven't done that yet, then get started with that right now.

Another source of data that you should also look at is your trading journal.

This doesn't have to be complicated. You don't need a special journal for this.

It can be as simple as using a pen and paper to track your trades. Count how many trades you held over the weekend and the results.

That can help you make a decision.

What is Price Action Telling You?

Once you've looked at your testing and journaled trades, then it's time to look at your chart and let price action help you make a decision.

Does it look like the move will continue?

Does it looks like it will stall?

…or is it unclear?

Let's take a look at a couple of examples.

If you were in a short trade in the NZDCAD and this is what your chart looked like before the weekend, what would you do?

I think most traders would stay in the short trade because price has broken previous support and looks like it will continue to move down.

However, what if your chart looked like this, going into the weekend?

There's no clear direction on this chart. Price is in a range and hitting a local support level. This is an example of when you might want to get out.

Again, there are no set rules here. Looking at the price action is just one criteria to consider, and can be very subjective.

Therefore, if price action isn't giving you a clear course of action, here are more factors to consider.

Overall Market Volatility

Now take a look at the overall volatility of the market. In times of uncertainty, like during wars or global disease outbreaks, the markets can become very unstable.

This can lead to very erratic price moves that don't seem to have any rhyme or reason.

So if you are in that type of environment, consider closing your trade out before the weekend. You will probably sleep better and you won't be affected by the choppy moves that can happen when the market opens again.

Are There Any Big News Announcements Coming Out?

News events can create temporary price shocks, especially if they happen over the weekend. That's why it's a good idea to keep an eye on news events with an economic calendar like this one.

Use the filter and only track the high-impact events. They are usually the only news announcements worth tracking.

Not all traders use fundamental data to make trading decisions, of course.

But if you are on the fence about if you should keep a position or not, then looking at upcoming news events can help you decide.

You can even download mobile apps that will send you alerts on upcoming news.

How Profitable is the Trade?

Another factor that can help you make a decision is the profitability of the trade. If you are only profitable by 5 pips (or slightly negative), going into the weekend, you may consider closing the trade immediately.

Then you can get some rest over the weekend and look at it with fresh eyes when the market opens again. With that small of a profit or loss, there's a good chance that you can still get back in at your original entry price, without the risk of holding the trade over the weekend.

Now if you have a trade that has a 150 pip profit and it looks like the move will continue, then you might consider holding out for the additional profit. Even if the market gaps 50 pips against you on the open, you'll still have 100 pips of profit to play with.

Giving the trade a little extra space to fluctuate can lead to bigger profits.

Your Current Trading Psychology

A final factor that you should consider is your current psychology.

Are you in a big drawdown, and would another loss destroy your confidence? Then it might be better to close the trade out and start fresh next week.

On the other hand, if you are on a winning streak and your confidence is high, then it might be better to keep the trade open because it won't have a big impact on your psychology.

Don't underestimate the effect that a trade can have on your mindset. Even if there is a good technical reason to keep a trade open, maintaining your “psychological capital” is even more important.

Holding Positions Overnight

Should you hold positions overnight? That really depends on the timeframe that you're trading on.

If you're scalping or day trading, then holding your positions overnight can be a huge risk. It's generally not a good idea to hold for that long because there can be very illiquid times when price can spike and lead to big losses.

However, if you are swing trading or position trading, then holding your positions overnight is usually not a problem. Since you'll generally have wider stop losses, you usually won't be affected by illiquid periods.

Again, it depends on your trading strategy, but holding positions overnight usually isn't as big of a risk in Forex as it can be in other markets. 

Do Forex Trades Close Automatically?

Some new traders wonder if there is anything that would cause their trades to close automatically and prevent them from holding a trade for a longer period of time.

There are only 4 scenarios where a Forex trade will close automatically.

The first way that a trade will close automatically is if you set a stop loss or a take profit on the trade. 

This is straightforward.

If you set a level to get out of the trade, that will close the trade automatically. A trailing stop will also close your position automatically, by trailing the stop loss at a predetermined distance from your original stop loss level.

Next, a trade may close automatically if you're using an automated trading program like a MetaTrader EA or a TradingView script. 

If you want a program to manage your trades for you, a MetaTrader EA or TradingView Script are the best places to start. They will allow you to define specific scenarios when your trades will close.

You don't have to manage all of your trading with a program. You can use Incremental Automation to manage the parts that don't need your input, but still manually control the parts in which you want to have the final say.

Don't know how to code?

No worries, just find a programmer to make your idea a reality. You can get a free guide on how to do that, along with a list of programmers, here.

A third way that your trades will close automatically is if you don't have enough margin in your account. 

This is called a margin call.

Since the Forex markets make such tiny moves, using leverage is required to make a decent profit on currency trades. You are able to trade on margin (leverage) by borrowing money from your broker.

Your broker keeps a portion of your account on “hold,” as a deposit for the amount of money that you borrowed. If the available margin in your account runs out, you cannot trade anymore.

At that point, your broker will automatically close your positions, until you are able to fulfill their margin requirements. Contact your broker to find out how much margin you need to keep in your account.

Finally, your trades will close automatically if your broker goes out of business.

Yes, that may be obvious to you, but I point this out for a reason. Some new traders don't think about this when they are looking for their first broker.

If your broker isn't regulated, isn't well capitalized or engages in shady business practices, you could lose your entire account…overnight. That's why it's important do your homework on your broker and find out if they are reputable.

These are the brokers that we recommend.

Final Thoughts on Keeping a Forex Trade Open

That covers all of the things that you need to know about keeping a Forex trade open.

The easiest way to make a decision to have a trading plan or strategy.

When you have a tested trading strategy, you can reference the data to figure out the answers to the questions addressed above. Without this data, you are trading blind, or using “intuition” that may or may not be properly trained.

To learn how to test your trading strategies, join the TraderEvo Program.

The post How Long Should You Hold a Forex Trade? appeared first on Trading Heroes.

How Long Should You Hold a Forex Trade? published first on your-t1-blog-url

[bobjlower]

How To Find Strong Price Levels: Pivots, Trendlines, Supply, Support and Natural Highs

Whether you are a price action, a pattern, an indicator or whatever trader, if you are able to identify strong price levels on your charts, it can greatly improve the quality of your trading.

Instead of taking signals and trades all over the place, the better trades usually happen at key price levels. Those strong areas of interest show that buyers and sellers are concentrating at those levels and they can be the starting or turning points for new price moves and mark new trends as well.

If you are a breakout trader, you need to find areas that can lead to strong breakouts, if you are a trend-following trader you must identify pullback areas or trend continuation points, a reversal trader looks for key turning points and a range trader should focus on well-developed ranges with clearly defined price levels.

The 7 following concepts and tools will help any trader improve their way of identifying key price levels and so potentially improve the quality of their trading.

 Reactive vs pro-active – Chart preparation

Most traders are constantly chasing the next move and they are jumping from market to market and from timeframe to timeframe. Instead, you should have a process in place where you first identify the most important key price areas for the day or the week and then let price come to you. This is a more professional and structured way of approaching trading and you can also leverage the benefits of price alerts which you place at or in front of your key price areas to get notified about important developments which then eliminates the need to stare at charts all day long.

For our students, I highlight the most important key price levels well in advance and every weekend I share a new watchlist (click to watch and get more info) with updated levels and the best potential setups. The Tradeciety membership

  #1 Common long-term moving averages

Moving averages are a tool used by many traders and even the financial media often talks about famous moving averages from time to time. Often it can seem as if moving averages work like a self-fulfilling prophecy because so many traders use them.

For that exact reason, I recommend using the most famous moving averages because if the effectiveness is built on the self-fulfilling prophecy, this will enhance the effectiveness.

Especially the 250, 200, 100, 50 and 20 period moving averages on the daily and the higher timeframes are worth having on your charts when it comes to finding key support and resistance areas.

During ranges, moving averages lose some of their validity, but during trending markets, you’ll see that those moving averages work very accurately. Especially trend-following, reversal and pullback traders can use those concepts.

The screenshot shows how price uses the moving averages first as a pullback area and then once the moving averages have been broken, price retests the levels again.

 #2 High impact support and resistance + traps

In my own trading, I heavily rely on high impact support and resistance levels. Higher timeframe support and resistance levels and zones are well respected and they add a great layer of additional confirmation and confluence to your trading.

I especially look for strong and impulsive turning points where price has previously shown a strong reaction because it implies that there is a lot of buyer and seller interest in such an area and price is likely to show another reaction as well.

So my tip for you would be to focus on major turning and reaction points when drawing support and resistance and forget about all the little levels in between. Many traders make the mistake of cluttering their charts with all the levels they can come up with and then end up with charts full of lines and then unable to get into trades because everything scares them.

Furthermore, when you trade bear and bull traps, support and resistance is also a very important topic because many traders place their limit stop and target orders around those levels.  Traps then aim at taking out those levels and make it look like a breakout for the impatient traders just before the price reverses into the opposite direction.

  #3 Supply and demand – the origin of trends

The idea behind supply and demand is that supply and demand areas show the origins of large, impulsive and strong price movements. Those origins are then used to time entries into the same direction once price moves back into those areas and picks up the unfilled orders.

I don’t advise to trade blindly (using pending orders) off supply and demand zones but it is usually better to wait for confirmation and other signals around those areas. Although supply and demand is a great concept, you’ll often see price overshoot the areas slightly or come short of them which highlights the importance of waiting for a confirmed move instead of just trading based on hope.

The five golden rules of supply and demand trading are:

Moderate volatility The price does not go too deep during the supply and demand areas. S&D areas are typically narrow.

Timely exit The price does not stay too long in those S&D areas.

The spring The spring is another name for traps and it can also foreshadow a strong breakout from a S&D area.

Strong exit Price must leave the S&D area with a strong force.

Freshness Typically, we only want to trade the first re-entry into a S&D area.

 #4 Trendlines and channels

Trendlines and channels are great tools when you are looking for non-horizontal technical analysis tools. Trendlines are especially valuable if you are looking for potential trouble areas during trending markets, when it comes to identifying re-entry opportunities during pullbacks and to look for trend-accelerating points where price breaks a trendline.

When it comes to drawing trendlines, go for the most obvious ones with the most touches. As with support and resistance, you don’t want to end up with dozens of lines but only focus on the major ones that explain price movements the best.

The main signals that trendlines give you are:

Re-entry opportunities during pullbacks

New trend signals when the price breaks and retests a trendline

General support and resistance functionality

 #5 Round numbers

Round numbers are very popular in retail trading because many amateur traders use those round numbers in their own trading for stop loss and take profit placement. The screenshot below shows Oanda’s orderbook and it is obvious how orders cluster around the round numbers.

 Historical open sell orders – Black arrows indicate order clustering around round numbers- Oanda Order Book

The screenshot below also shows how round numbers often act as natural support and resistance and price often bounces off those price levels. It’s worth having round numbers on your charts, but it’s equally important not to get too hung up on round numbers and worry about each and every round number when you analyze price charts.

 #6 Pivot points

Pivot points were originally created by floor traders who calculated the pivot points at the beginning of each trading day and then used those price levels for support and resistance. Intraday Pivot points are based on yesterday’s high, low and close so they don’t change throughout the day. On other timeframes, pivot points are created based on previous week’s price action and don’t change for a whole week.

When you look at a chart, pivot points are labeled R, R1, R2, R3, S1, S2 and S3.

P: Central pivot point and it’s the mean of yesterday’s price action

S1 – S3: The 3 support pivot points below the central P pivot

R1 – R3: The 3 resistance pivot points above the central P pivot

In your trading, you’d use pivot points like regular support and resistance for your target placement and also for entering trades when you see that the pivots hold and cause new momentum movements.

Another rule of thumb is that price moves often extend from S to R. For example, a move that started at S1 will often go to R1, a move that started at R2 will often go to S2. Of course, there is more to that but such an approach can add more objectivity to your trading and trade management.

 #7 Previous day high low

Similarly to pivot points, many traders look at previous days’ highs and lows in their trading. A break of a previous�� day high can often lead to accelerated buying and create new trends as many traders watch those price levels and/or have their pending orders sitting there.

The chart below shows that nicely and the green and red channel show previous’ days highs and lows. Those levels don’t only act as support and resistance, but when they are broken with momentum, price often starts new trends.

 It’s not about which concept you choose and no single concept is better or worse than the other. In trading, the most important factor is that you make CONSISTENT decisions and don’t change from one way of looking at a chart to another. Furthermore, the concepts you use must make sense to you.

 So whether you use support/resistance, supply/demand, pivot points or daily highs and lows, make sure that you stick to one single approach and avoid making quick changes.

No concept will work all the time and it’s not necessary that you have a 100% winrate. But, the more consistent your trading decisions, the better your trading will be. So stop looking for ‘the next best thing’ and choose your trading tools once and for all.

The post How To Find Strong Price Levels: Pivots, Trendlines, Supply, Support and Natural Highs appeared first on Tradeciety Trading Academy.

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[chloe-jayde]

Dollar steady, focus on Fed chief Powell's testimony

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollar-steady-focus-on-fed-chief-powells-testimony

Dollar steady, focus on Fed chief Powell's testimony

© Reuters. U.S. Dollar banknotes are seen in this photo illustration

By Masayuki Kitano

SINGAPORE (Reuters) – The dollar steadied on Monday, with investors looking to Federal Reserve Governor Jerome Powell’s first congressional testimony for hints on the future pace of U.S. monetary tightening.

The , which measures the greenback against a basket of six major rivals, was unchanged at 89.879 (). It had gained nearly 0.9 percent last week and pulled away from a three-year low near 88.25 set on Feb. 16.

A view that the dollar’s selloff had been overdone, and minutes from the Fed’s January rate-setting meeting that offered a relatively upbeat tone had helped give the dollar a lift last week.

Speculators’ net short dollar bets fell in the week to Feb. 20, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday, as investors priced in more interest rate increases by the Federal Reserve.

The focus this week is on Fed Chairman Jerome Powell’s congressional testimony on monetary policy and the economy.

Some market participants said Powell could keep the market guessing about the pace of U.S. rate increases.

“There is no incentive for Powell to pre-signal any shift in the Fed narrative,” Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore, wrote in a note.

“There little to suggest this new Fed chair will be any less dependent on economic data than his predecessor, so the jury should remain out about a quicker pace of interest rate normalization,” Innes added.

Powell will now testify on the central bank’s semi-annual report on monetary policy and the economy on Tuesday, Feb. 27 before the U.S. House of Representatives’ Financial Services Committee.

The committee had previously scheduled his appearance for Wednesday, Feb. 28. The hearing will be held at 10 a.m. (1500 GMT), said the committee, which did not provide a reason for the change.

Against the yen, the dollar eased 0.1 percent to 106.75 yen . The euro held steady at $1.2298 (), after falling 1 percent last week as market participants turned cautious toward the euro ahead of the Italian general election on March 4.

A German Social Democrats’ poll of its members on joining another coalition government with Chancellor Angela Merkel’s conservatives is also due that day, two big political risk events for markets.

Sterling edged up 0.1 percent to $1.3981 .

There was subdued reaction in early Asian trade to a newspaper interview released on Saturday, which suggested that the Bank of England might need to raise British interest rates somewhat sooner than Deputy Governor Dave Ramsden had expected if wage growth picks up early this year.

Ramsden was one of two policymakers who opposed the BoE’s decision in November to raise interest rates for the first time in a decade, but appears to have shifted his stance somewhat in remarks published by the Sunday Times.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/dollar-steady-focus-on-fed-chief-powells-testimony

[jettadarkwynd]

Dollar steady, focus on Fed chief Powell's testimony

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollar-steady-focus-on-fed-chief-powells-testimony

Dollar steady, focus on Fed chief Powell's testimony

© Reuters. U.S. Dollar banknotes are seen in this photo illustration

By Masayuki Kitano

SINGAPORE (Reuters) – The dollar steadied on Monday, with investors looking to Federal Reserve Governor Jerome Powell’s first congressional testimony for hints on the future pace of U.S. monetary tightening.

The , which measures the greenback against a basket of six major rivals, was unchanged at 89.879 (). It had gained nearly 0.9 percent last week and pulled away from a three-year low near 88.25 set on Feb. 16.

A view that the dollar’s selloff had been overdone, and minutes from the Fed’s January rate-setting meeting that offered a relatively upbeat tone had helped give the dollar a lift last week.

Speculators’ net short dollar bets fell in the week to Feb. 20, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday, as investors priced in more interest rate increases by the Federal Reserve.

The focus this week is on Fed Chairman Jerome Powell’s congressional testimony on monetary policy and the economy.

Some market participants said Powell could keep the market guessing about the pace of U.S. rate increases.

“There is no incentive for Powell to pre-signal any shift in the Fed narrative,” Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore, wrote in a note.

“There little to suggest this new Fed chair will be any less dependent on economic data than his predecessor, so the jury should remain out about a quicker pace of interest rate normalization,” Innes added.

Powell will now testify on the central bank’s semi-annual report on monetary policy and the economy on Tuesday, Feb. 27 before the U.S. House of Representatives’ Financial Services Committee.

The committee had previously scheduled his appearance for Wednesday, Feb. 28. The hearing will be held at 10 a.m. (1500 GMT), said the committee, which did not provide a reason for the change.

Against the yen, the dollar eased 0.1 percent to 106.75 yen . The euro held steady at $1.2298 (), after falling 1 percent last week as market participants turned cautious toward the euro ahead of the Italian general election on March 4.

A German Social Democrats’ poll of its members on joining another coalition government with Chancellor Angela Merkel’s conservatives is also due that day, two big political risk events for markets.

Sterling edged up 0.1 percent to $1.3981 .

There was subdued reaction in early Asian trade to a newspaper interview released on Saturday, which suggested that the Bank of England might need to raise British interest rates somewhat sooner than Deputy Governor Dave Ramsden had expected if wage growth picks up early this year.

Ramsden was one of two policymakers who opposed the BoE’s decision in November to raise interest rates for the first time in a decade, but appears to have shifted his stance somewhat in remarks published by the Sunday Times.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/dollar-steady-focus-on-fed-chief-powells-testimony

[benmauerberger]

Dollar steady, focus on Fed chief Powell's testimony

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollar-steady-focus-on-fed-chief-powells-testimony

Dollar steady, focus on Fed chief Powell's testimony

© Reuters. U.S. Dollar banknotes are seen in this photo illustration

By Masayuki Kitano

SINGAPORE (Reuters) – The dollar steadied on Monday, with investors looking to Federal Reserve Governor Jerome Powell’s first congressional testimony for hints on the future pace of U.S. monetary tightening.

The , which measures the greenback against a basket of six major rivals, was unchanged at 89.879 (). It had gained nearly 0.9 percent last week and pulled away from a three-year low near 88.25 set on Feb. 16.

A view that the dollar’s selloff had been overdone, and minutes from the Fed’s January rate-setting meeting that offered a relatively upbeat tone had helped give the dollar a lift last week.

Speculators’ net short dollar bets fell in the week to Feb. 20, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday, as investors priced in more interest rate increases by the Federal Reserve.

The focus this week is on Fed Chairman Jerome Powell’s congressional testimony on monetary policy and the economy.

Some market participants said Powell could keep the market guessing about the pace of U.S. rate increases.

“There is no incentive for Powell to pre-signal any shift in the Fed narrative,” Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore, wrote in a note.

“There little to suggest this new Fed chair will be any less dependent on economic data than his predecessor, so the jury should remain out about a quicker pace of interest rate normalization,” Innes added.

Powell will now testify on the central bank’s semi-annual report on monetary policy and the economy on Tuesday, Feb. 27 before the U.S. House of Representatives’ Financial Services Committee.

The committee had previously scheduled his appearance for Wednesday, Feb. 28. The hearing will be held at 10 a.m. (1500 GMT), said the committee, which did not provide a reason for the change.

Against the yen, the dollar eased 0.1 percent to 106.75 yen . The euro held steady at $1.2298 (), after falling 1 percent last week as market participants turned cautious toward the euro ahead of the Italian general election on March 4.

A German Social Democrats’ poll of its members on joining another coalition government with Chancellor Angela Merkel’s conservatives is also due that day, two big political risk events for markets.

Sterling edged up 0.1 percent to $1.3981 .

There was subdued reaction in early Asian trade to a newspaper interview released on Saturday, which suggested that the Bank of England might need to raise British interest rates somewhat sooner than Deputy Governor Dave Ramsden had expected if wage growth picks up early this year.

Ramsden was one of two policymakers who opposed the BoE’s decision in November to raise interest rates for the first time in a decade, but appears to have shifted his stance somewhat in remarks published by the Sunday Times.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/dollar-steady-focus-on-fed-chief-powells-testimony