Two new brokers: CornèrTrader — a Swiss Forex broker with a custom proprietary trading platform (has standalone, web, and mobile versions). Accounts start from as little as $1, but the spreads offered to retail traders are very high. CornèrTrader NewTradeFX — an unregulated UK company offering custom trading platform (ProTrader) with $100 minimum account size, average spreads, and 1:200 maximum leverage. Multiple trading instruments are available […]
Read moreThere is nothing special to the AUD/NZD channel that has formed on the currency pair’s weekly chart, except for that it is a classic piece of an ascending figure with a high probability of a downward breakout. The channel has formed as a correction wave of a 30 months old downtrend. The channel itself is almost 8 months long. I have marked the channel’s borders with the yellow lines on the chart below. The cyan line will be […]
Read moreThis week was rather volatile and unpredictable for the US dollar. While it started favorably for the greenback, the currency’s rally came to halt by the end of the week due to some disappointing economic releases, most importantly worse-than-expected economic data. The dollar started the week on a strong footing as the theme of risk aversion dominated the Forex market and traders were speculating that positive economic data from the United States should encourage the Federal Reserve sooner. […]
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