Forex Videos

In this video, the Trader Guy looks at the commodity Gold for the July 28th session. Gold — Looking at the daily chart, it shows you where we are at, in the big scheme of things. We are just above the middle point of a massive consolidation. We went back and forth, as Wall Street was out of control during Thursday's trading. There was a large NASDAQ 100 short positions came online and it […]

In this video, the Trading Central looks at the currency pair AUD/USD for the July 28th session. GBP/USD — Looking at the intraday 30-min chart, the pair remains below the strong horizontal resistance at 1.31. It remains capped by the declining 50-period Moving Average, in blue. Further weakness is also expected below the strong horizontal resistance towards the yesterday's bottom at 1.3055 and then the horizontal support at 1.3030.

This week provided a lot of welcome surprises to many traders, and oil buyers were the luckiest ones. The positive investor sentiment prevails on the commodity market. Oil prices end the trading session with hefty gains. The Brent Crude Benchmark is trading near the level of $51.50 per barrel. Oil appreciated amid the information about a decrease in the US Crude Oil inventories. However, today's report from Baker Hughes may indicate […]

Optimism of the US dollar buyers is gradually fading away. Yesterday, the US dollar found strength for the long awaited correction, but today the market sentiment shows a lack of confidence in the American currency. The EUR/USD pair remains above 1.17. Today, the market will analyze the flash data on inflation in the largest economies of the eurozone. Based on these data, the markets and monetary authorities will see whether the euro area economy is ready to wind […]

The US oil producers provided investors with some more upbeat data. Yesterday, the Energy Information Administration confirmed that the Crude Oil inventories dropped last week. The stockpiles of Crude Oil fell by 7,208,000 barrels while analysts expected a slower decrease of 5 million barrels. Oil traders turned bullish after the news that the US crude storage facilities are draining. WTI prices rose above the level of $48.50 […]

In this video, the Trader Guy looks at the commodity Gold for the July 27th session. Gold — We have already rolled over into GMT, I am in gold. When I look at this chart, I can see several things on this chart. The 50-day Exponential Moving Average sits just below current trading. I have a clear consolidation area marked on the chart. Today, was interesting as we fell initially and then rallied, because […]

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the July 27th session. USD/JPY — As you can see on the daily chart, we dropped a little bit as we rolled over into GMT. But really the story is that the Federal Reserve has continued to basically put up a dovish stance, as they are worried about inflation. So, I think we are going to continue to see bearish […]

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 27th session. EUR/USD — We have rolled over into the Thursday session GMT and you can see that Wednesday session was initially bearish, but the euro took off to the upside after the Federal Reserve basically announced that things were going to be very weak for a while and that they were a bit concerned about […]

Wall Street finished in the green after the close on Wednesday, as gains in the Telecoms, Utilities, and Oil & Gas sectors led shares higher. The Dow Jones rose by 0.45%, the S&P 500 up by 0.03%, and the NASDAQ added 0.16% to its value. The US dollar inched higher against a basket of global currencies on Wednesday, as investors awaited the Federal Reserve's interest rate decision later during the session. The Federal Funds Rate remained at 1.25%. Today, […]

If you ever travel to a foreign country, you may have needed to exchange your money. If so, you have already participated in forex trading. Forex is the short form of foreign exchange. Well, forex is a bit more than that. For example, companies buy goods from other countries. In order to buy them, they need to obtain the local currency first, just like us, when going […]