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  Trading methods that take advantage of charts gaps resulting from price changes between sessions are known as  gap trading strategies . Continue reading to learn more about the gap phenomena, the four varieties to watch out for, and how to use a gap trading method. WHAT IS A GAP? The region on a chart where no trading activity has occurred is referred to as a gap. This will manifest as a sudden up or down move in an asset’s price with no pause, indicating that the market began at a different price than its previous close. Read More... EDGE-FOREX

  On Tuesday, the  EUR/USD  regained its upward trend and exceeded 1.0400. Near 106.00, the dollar plunges to fresh 3-month lows. Villeroy of the ECB paved the way for more adaptable rate increases. As a result of the dollar’s sharp decline, EURUSD can reach new 4-month highs on Tuesday beyond 1.0400. The EURUSD is now flirting with the crucial 200-day SMA, currently at 1.0430, as it gains further and revisits levels last traded in early July. As investors continue to reprice a likely  Fed policy  shift in the near term, the pair navigates the second consecutive week with gains supported by the persistent weakness affecting the greenback. Read More... EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  USD/JPY ,  CHF/USD, AUD/USD  and  USD/CAD . USD/JPY will drop to 130 in 12 months, according to Danske Bank Danske Bank economists anticipate a little increase in  USD/JPY  over the next few months but predict a long-term decline in the pair. “The US treasury rates and the prospect for global inflation remain the major drivers of the USDJPY.” Read More... EDGE-FOREX

  To safeguard themselves against growing spreads, traders should abide by the best forex spread  trading strategies  discussed in this article. The difference between the ask (sell) and bid (buy) prices is known as the  forex spread . We’ll discuss some factors that might soon cause the spread to broaden or contract. BEWARE OF A GROWING SPREAD Traders should always consider the spread since it is the main expense associated with forex trading. Larger spreads increase the cost of trading. A  forex trader ‘s career may end during volatile periods or when leverage. Remember that the spread cost will increase relative to your account equity as leverage is utilized. Thus, it is advantageous to use little to no leverage. Read More... EDGE-FOREX

Since June, copper breaks a four-day uptrend to lower its best levels. Negative market sentiment To encourage policy doves, Fed’s Waller underlined the need for additional data. The worry in advance of the meeting between Biden and Xi strengthens the risk aversion. Downward movements are limited by China’s relaxation of COVID rules and assistance for the real estate industry. Early on Monday morning in Europe, copper prices fell from a five-month high as buyers took a break amid conflicting emotions and a strengthening US dollar. The Copper Futures on the COMEX fell 1.24% intraday as it reversed from the highest levels since late June to $3.88 at press time, reflecting the mindset of the metal traders. According to Reuters, a three-month Copper contract on the  London Metal Exchange (LME)  was down 0.4% at $8,453 a tonne as of 05:43 GMT. Read More... EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  USD/JPY ,  EUR/GBP, NZD/USD  and  AUD/USD . USD/JPY encounters  strong resistance around 138.00 – UOB The  USD/JPY  is expected to remain under pressure around the 138.00 zone in the short term, according to UOB Group Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. “USD fell to a low of 138.45 in late NY trading last Friday before bouncing back,” reads the 24-hour view. The recovery under oversold circumstances indicates that additional USD weakness is unlikely. For now, it’s more probable that the USD will fluctuate between 138.40 and 140.30. Read More... forex factory

To take advantage of the difference in interest rates, currency carry trades include borrowing a low-yielding currency and using it to purchase a higher-yielding currency. This is a crucial component of a carry trading strategy and is sometimes called “rollover.” Traders are drawn to this technique to earn daily interest payments in addition to any currency appreciation from the real deal. This post shows a top carry trade trading method and an explanation of FX carry trades using examples. WHAT IS AND HOW DOES A CURRENCY CARRY TRADE WORK? An FX carry trade is borrowing money in a nation with a low-interest rate (low yield) to pay for the purchase of money in a nation with a high-interest rate (high yield). The trader will get interested based on the “positive carry” of the deal if they keep this position overnight. The currency with the lower yield is known as the “funding currency,” while the currency with the greater yield is known as the “target currency.” Read More... EDGE-FOREX