My previous attempt to profit from carry trade did not end well. Swiss franc proved to be a wrong currency to bet against in 2015. This time is different! However, I seriously ask you not to follow this trade on a live account unless you are ready to lose some of your hard-earned trading funds. The idea of entering a new carry trade has been inspired by this reddit thread. The British […]
Read moreIn February 2008, I have launched a simple online position size calculator — a tool that helped thousands of traders to open trades based on their risk preference. In March 2012, I have published the first version of position size calculator (PSC) indicator for MetaTrader. Now, 4 years later, I am honored to present the latest iteration in the development of PSC — the position size calculator with a graphical panel: In addition to an entirely new user interface, the latest […]
Read moreThe New Zealand dollar rose during the Wednesday’s session, hitting the highest level in more than a year against the US dollar and the euro. There were not many news released from New Zealand today. The only economic indicator released was manufacturing sales, and while it was good, it was not important enough to make the New Zealand currency that strong. The most likely reason for the rally was the weakness […]
Read moreThe Australian dollar fell against the US dollar and the Japanese yen today as domestic economic data released over the trading session was detrimental to the currency. Australia’s gross domestic product rose 0.5% in the June quarter from the previous three months. While it was not a bad reading by itself, the figure was slightly below the forecast 0.6% and noticeably lower compared to the March quarter’s 1.0%. On top of that, the Construction Index released […]
Read moreEuro is trading mostly rangebound against its major counterparts today, thanks in large part to a GDP reading that didn’t surprise anyone. It’s not quite enough to make solid gains against the dollar and the yen, but bad news in the United Kingdom has the euro higher than the pound. The latest GDP reading for the eurozone, released by Eurostat, indicates that the economy for the euro region grew by 0.3 per cent. This […]
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