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Top Trading Lessons of 2016

A good trader never stops learning, and every mistake is another potential learning experience. Here are some of the top lessons our analysts learned, absorbed or suffered from our personal trading in 2016. Top Lessons: • John Kicklighter, Chief Strategist: Plan Better for Less-Than-Perfect Trading (USD/JPY) • Christopher Vecchio, Currency Strategist:Holding a Winner Means Fighting […]

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Euro Surges, Driving EUR/USD 150 Pips Higher In Extreme Illiquidity

Talking Points: A EUR/USD surge in the ‘after hours’ Thursday night rippled through the FX market Periods around market holidays are known for illiquid trading conditions There were no obvious headlines promoting the dramatic move Would you like to know more about trading currencies or commodities? Check out our DailyFX webinars. A seemingly quiet transition […]

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Dow Jones Industrial Average Flirts with 20,000

Talking Points -Dow Jones Industrial Average gets close to 20,000, but cannot quite reach to new milestone -Higher probability patterns suggest continued strength, though a dip to 19,750-19,840 is not out of the question -Pattern remains bullish while prices are above 18,600 As we uncover the last few days of 2016, Santa Claus not only […]

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Yen Steady as Japanese Construction Underwhelms

Talking Points Japanese housing starts expanded far more weakly in November than they had the previous month However, this can be a volatile series The real bad news was in overall construction orders, they fell sharply The Yen was steady against the US Dollar on Tuesday after Japanese housing starts came in much weaker than […]

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Dollar Draws on Many Sources to Extend 14-Year High

A Not So Surprising Charge After nearly two years of consolidation, the Dollar (ICE Index) was finally driven to a critical bullish breakout in the final months of 2016. To many, the catalyst for the resurgence came as a surprise: the US Presidential election. The unexpected win by Republican nominee Donald Trump defied popular opinion […]

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Euro Gains On Monte Paschi State-Rescue Plan

Talking Points The single currency picked up in Asia on news that the Italian cabinet was debating a rescue for Monte dei Paschi DeSiena The tottering lender said this week that it had failed to secure sufficient private capital to carry on A state lifeline has been the only viable option since The Euro got […]

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China’s Market News: FX, Bonds, Equities – Three Linked Markets

This daily digest focuses on Yuan rates, major Chinese economic data, market sentiment, new developments in China’s foreign exchange policies, changes in financial market regulations, as well as market news typically available only in Chinese-language sources. – The onshore and offshore Yuan rates maintained an uncommon reverse relationship. – Both Chinese bond and equity markets […]

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S&P 500: Trend & Pattern Point to New Highs Soon

What’s inside: S&P 500 ‘time correction’ close to ending Triangle pattern on hourly New record highs look to be likely very soon Beginner and Advanced Trading Guides In yesterday’s post, it was noted that the current ‘time correction’ was set to run into trend-lines running up from the November low and potentially the one off […]

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NZ Dollar Gets Support From Upbeat Data Deluge

Talking Points The New Zealand Dollar got some pre-Christmas cheer on Monday A raft of data from its home country came in strongly Perhaps a bit too strongly in terms of the Auckland housing market The New Zealand Dollar gained against its US cousin on Monday after a raft of encouraging data out of its […]