Day: April 20, 2015

April 20
2015

NZ Dollar Unable to Rally

The New Zealand dollar attempted to rally on the news about Chinese stimulating measures yet was unable to keep gains and dropped currently. Economic data from New Zealand was not helping the matter at all, showing that deflation accelerated in the South Pacific economy. The New Zealand currency tried to following its Australian peer in rally, but they both fell after the initial boost from China. The most likely reason […]

Read more
April 20
2015

Chinese Stimulus Helps Australian Dollar

The Australian dollar is getting some help today, thanks to stimulus out of China. With China as a major trading partner to Australia, it’s no wonder that the Aussie gets a boost when economic stimulus is on the table. Over the weekend, the People’s Bank of China announced that it is cutting the amount of cash banks need in reserves. The idea is to encourage banks to lend in order to increase economic growth. Growth has […]

Read more
April 20
2015

UK Elections Impact Pound in Forex Trading

The hotly contested UK elections are impacting the pound in Forex trading, sending the currency mostly lower today. Volatility ahead of the elections is expected to continue, with choppy performance being the norm. Sterling is mostly lower today, struggling against many of its counterparts as volatility takes hold ahead of the elections on May 7. The elections are hotly contested, with the race being too close to call between the outcome between […]

Read more
April 20
2015

Forex Trade Entry Checklist

The aim of a Forex trading checklist is to prevent impulsive trading and accidental mistakes. An essential checklist for smooth execution of a basic Forex trading entry is presented below. Feel free to build on it and modify it according to your trading style: 1. Check the charts. Do they show anything resembling favorable entry conditions according to your strategy? 2. Identify the entry level. You should know the exact entry level. […]

Read more