Forex Videos

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 17th session. Bitcoin/USD — As you can see, we had a pretty quiet day, we were up about 0.4%. It is not a huge surprise, quite frankly. We have a lot of questions right now about bitcoin as lot of people may have got hurt recently. When you look at the longer-term charts, there is a bit […]

The US dollar index came under pressure in the early Wall Street trade. The index is struggling to escape from a trading range in which it has been trapped for the latest two sessions. The index sank below 96.40. Dollar bulls are exercising caution on the back of new threats from the US to Turkey. US Treasury Secretary Steven Mnuchin stated that Turkey could face additional US sanctions if President […]

Sluggish movements of the greenback against other major currencies had an impact on the European trades. In particular, the EUR/USD pair was trading slightly below the level of 1.14. Even the upbeat inflation data failed to provide support to the single European currency. Reports from the Eurozone showed that in annual terms the consumer price index advanced by 2.1% in July at a faster pace than in the previous month. The result came in line with the expectations of economists. However, […]

Today, the US dollar is trading flat in the context of easing political risks. Invstors are alert to any news on the trade conflict between the US and China. The US dollar index closed the North American session at about 96.50. Demand for the US currency is declining as investors cheer the scenario of peaceful trade talks on further trade relations between the US and China. White House economic advisor Larry Kudlow confirmed that US […]

Today, traders are bullish on Crude Oil, but the commodity is set to end this trading week in the negative zone. The Brent Futures are approaching the level of $72 per barrel. Analysts say that a rise was triggered by the news about a possibility of negotiations between China and the United States aimed at settling trade disputes. The Light Sweet Crude Oil is also gaining ground, approaching the level of $66 per barrel. […]

In today's lesson we are going to focus on two very important aspects of technical analysis, called support and resistance. Let's focus on the support line first. By definition, a support line is a horizontal line that reverses the current downtrend back to upward direction. So, what we have here in this chart, is a downtrend. The actual size of the downtrend does not matter. We see a cluster of candles here and the downtrend fails […]

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 16th session. Bitcoin/USD — As you can see, we did have a nice rally during the day. About 8% and that is pretty impressive, truthfully, coming from 6,000. Indeed, it is a strong move. You also have to keep it in context of what is going on. As the US dollar has rallied and emerging markets are starting […]

US dollar bulls are decreasing long bets. So, the European currencies are taking advantage of a downward correction of the US dollar. The EUR/USD pair has rebounded by over 60 pips as a correction. The most popular currency pair is trading at near 1.1370. The euro recovered from its weakest level in more than a year after the news that Qatar intends to invest $15 billion in the Turkish economy. This is the main […]

Today, the US dollar is still trading close to a 13-month high. However, its index is making a downward correction on the back of gradual stabilization of the financial system in Turkey. The US dollar index dropped by almost 30 pips to 96.50, closing the North American and Asian sessions. In the recent sessions, the US currency found support mainly from buoyant demand for US Treasuries. Turmoil in financial markets was triggered by trade jitters between […]

The sentiment of oil traders deteriorated after the report of the Energy Information Administration had been published. The EIA data showed that the stockpiles of Crude Oil in the United States increased by 6 million 805 thousand barrels in a week while experts predicted a decline. This factor contributed to a fall in oil prices. At first, let us pay attention to the dynamics of the shale oil price. WTI futures were trading near the level of $65 per […]