Forex trading is such a lucrative business that every single day the number of new traders are increasing at an exponential rate. Most of the novice traders consider forex trading as an easy job and started their trading career without having any prior knowledge about the financial industry. But trading the financial instrument requires pin perfect execution of the trading plan and perfect understanding of the dynamics of the forex market. If we look at the number of successful traders in the financial industry then we will see that very few people are making money by trading the financial instrument and most of them areRead More →

The EURUSD pair dropped after the speech of ECB president Draghi on Thursday. In the last week, the EURUSD pair has fallen after hitting the resistance level at 1.0716 level. The traders were expecting more hawkish tone from the Draghi but traders were disappointed and enter short after the speech. However, Draghi’s points of views about inflation are not up to the mark and not very much supportive. For this reason, the EURUSD pair moved lower after the Draghi’s comment. In the upcoming week, there is no major news release for the U.S economy. However, on Monday the ECB president will speak at the awardingRead More →

In the last week, the EURUSD pair breached the critical support level at 1.03502 and created a new low in the market at 1.03372.Most of the professional traders were in long position in the market and those who have set their stop loss a little bit wider were saved from the false bearish break of the market. After hitting the 1.03372 level in the market the pair started its bullish correction in the market and first broke the resistance level at 1.04962.Though the retail traders were expecting low volatility in the market but the pair showed decent movement in the very beginning of the yearRead More →

Every single day the number of retail traders in the financial industry is increasing at an exponential rate. Most of the novice trader consider forex trading as getting rich quick scheme. They simply jump into the online trading community and start to trade the financial assets in the market without having any proper knowledge about the financial sectors. But in order to trade the market profitably, you must have a valid trading strategy. If you look at the professional traders of CornèrTrader than you will see that all of them have spent many years in mastering the art of trading. If you truly want toRead More →

Due to the Christmas holiday, the financial market has ceased it volatility to a greater extent and currently most of the pairs are exhibiting sideways movement. In the last Wednesday, the dollar strongly rallied high in the global economy and pushed all its major rivals down in the market. The green bucks have gained the immense amount of strength in the global economy after Mr. Trump become the U.S president. In his victory speech he announced that they are going to increase the fiscal spending in the next year and tax cut policy will be implemented to ease the hardship of the U.S citizen. AfterRead More →

The year 2016 has been a strong bearish ride for the EURUSD pair in the forex market. The pair has broken the 13 years low in the market. The first strong bearish move in the EURUSD pair was triggered during the event of the U.S presidential election held on 8th of November 2016.Mr .Trump statement regarding the rise in fiscal spending and tax cut policy gave the green buck’s solid boost in the global economy. In that event, the EURUSD pair broke its short-term bullish trend line in the market and started its bearish journey. In the last FOMC meeting minute, the FED have raisedRead More →

In the last week, the US dollar index dropped from 14 years high in the market. The U.S dollar index is the measure of the overall strength of the green bucks in a basket against six major currency pairs in the world. The EURO start with a nice decent bullish momentum in the last week after breaking the 13 years low in the market. The green bucks have gained immense strength in the global market after the FED hike their interest rate on the basis of 25 points. Most importantly the FED has declared that they are most likely to go three rate hikes inRead More →

In the last week, the EURUSD pair has broken a critical support line in the daily chart after the FED hike their interest rate in the FOMC meeting minute. Currently, the EURO has breached the critical support level at 1.05255 and hit a record low since 2003.The pair suffering from extreme selling pressure in the market and currently the sellers are dominating with full fuel. The last two-month economic performance was extremely great and with the recent interest rate hike, the dollar is now trending high with intensive strength in the market. Most importantly the EURO was further weakened in the last week after ECBRead More →

There has been a massive in the EURUSD pair in the last week after the ECB president Draghi came up with a dovish statement. Though the EURO showed significant amount strength in the market but after the critical resistance level at 1.08600.From that level, the pair found immense selling pressure in the market and started its bearish movement in the market. The next is very important for the EURUSD pair since the ongoing pending interest rate hike decision by the FED will most probably resolve in the upcoming FOMC meeting minutes. The last two-month performance of the U.S economy was significantly great and investors areRead More →

The EURUSD pair has found some decent support in the market after hitting the critical support level at 1.05179.After the U.S presidential election, the dollar has become broadly stronger against it major rivals in the market and the EURO has become the first victim of the dollar strength. On Sunday the Italian Constitution Amendment Vote favored the EURO to a certain extent and we are seeing a decent possibility of a bullish correction in the EURUSD pair till the FOMC meeting minutes of December. The fed is most likely to hike their interest rate in the month of December and if the FED comes upRead More →

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