Search results

Market Report 24-01-2014 Asian Session – Dollar broadly lower after disappointing US data Risk - off sentiment dominated the markets in Asia after disappointing US data in the prior session dampened the mood. As a result, the US dollar was broadly weaker against most of its major counterparts...

What is a Ponzi Scheme A Ponzi scheme is a very widely used term for any type of fraud related to investment, and has come to be very well known across the world. In actuality though it does not represent every kind of scheme, it refers to a specific type of scheme. A Ponzi scheme is based on...

Gold Trading Just like currency trading, commodities like gold are a big part of online trading. Gold is the most popular of all precious metals as an investment both online and as a physical investment, as it holds solid guarantees against any economic political or social flat currency...

About FxNet FxNet Ltd is a global, fully licensed Over the Counter (OTC) online Forex and commodities broker, regulated by the Cyprus Securities and Exchange Commission (CySEC). FxNet is located in Limassol Cyprus. FxNet's mission is to reach and retain traders around the globe through...

Asian Session - Dollar regains some losses against yen The US dollar rebounded against the yen to recover some losses made after a huge tumble following disappointing US nonfarm payrolls data on Friday. The data raised concern about the health of the US economy and led to speculation that a...

EUR/USD - Weekly Report: The pair started this week’s trading slightly to the upside but is still limited below Linear Regression Indicators and 88.6% correction showing on graph. Therefore the possibility of moving to the downside is available this week affected by the bearish harmonic Bat...

Hello everyone, For all the newbies out there, our team of experts at FxNet have written down some useful tips that can improve your day-to-day trading. Please see below: Always put a Stop-Loss to your order Trading without stop-loss is one of the most common and expensive mistakes of...

Many forex brokers (enclosed market-markers), are now trying to jump into the institutional business, looking to provide liquidity (execution venue) to smaller brokers, aiming to increase their volumes and therefore, profits. However, due to the fact that these liquidity venues are market-makers...

EUR/USD - European Session: Chart: The pair moved to the upside again yesterday supported by stability above 50% correction at 1.3555 levels and Linear Regression Indicators. The pair has to breach 1.3265 – 1.3630 to confirm extending the bullish wave further. The bullish possibility...

EUR/USD - European Session: The pair inched higher consolidating above 50% correction again around 1.3560 close to support 1.3555 levels that will be the intraday interval today. There is a possibility of a new bullish wave as long as the pair doesn’t break 1.3500 levels represented in 38.2%...

The Australian dollar was the worst performer in the Asian session after dropping 1% against the US dollar on disappointing GDP data. AUDUSD fell to a three-month low to $0.9045 after the data that showed the Australian economy grew less-than-expected in the third quarter at 0.6% versus 0.8%...

The main economic news during the Asian session was out of Australia, with various headlines and data giving the Aussie a roller-coaster ride. Australian retail sales were better-than-forecast, lifting the AUDUSD to an early session high of $0.9133. Then the Reserve Bank of Australia knocked...

EUR/USD - Weekly Report: The pair traded in a tight range last week consolidating above 50% correction at 1.3560 levels. Stochastic is showing intraday overbought signals being the only indicator showing negativity, while the rest of the indicators tend to be positive. Trading within an...

The Australian dollar was the main mover in Monday’s Asian session as a result of data from China, which is Australia’s main trading partner. Manufacturing PMI data from the world’s second largest economy showed that expansion in the manufacturing sector was steady at an 18-month high and eased...

EUR/USD - European Session: The pair extended the positive trading, whereas it approached 61.8% correction at 1.3625 – 1.3630. The possibility of extending the upside move is valid today but the pair has to breach 1.3630 to trigger another bullish wave targeting 1.3705 and perhaps 1.3770...

EUR/USD - European Session: Despite the bearishness witnessed after touching above 1.36 levels yesterday, but the pair is still stable within the ascending channel that was confirmed by stabilizing above 1.3555 earlier. The upside move is still valid and a bullish wave might be seen...

The best performing currency during Thursday’s Asian session was the Australian dollar which jumped against its US counterpart after strong Australian business spending data. Private Capital Expenditure increased by 3.6% quarter-on-quarter despite expectations for a decline by 1.1%. AUDUSD...

EUR/USD - European Session: Since the EURUSD stabilized above 1.3555 the upside bias is favored, and as shown on graph, the upside move might extend due to stability above Linear Regression Indicators and 50% correction. Despite overbought signals on momentum indicators, the upside move...

The euro briefly made a one-month high versus the dollar early on Wednesday and briefly brushed the key $1.3600 level. The strength was partly due to positive news from Germany that German Chancellor Angela Merkel reached a deal with the Social Democratic party (SDP) after weeks of negotiations...

The yen was supported by safe haven demand today after the release of a slightly dovish Bank of Japan policy meeting minutes. The minute from last week’s meeting showed some concern about Japan’s economic outlook and whether the central bank’s 2% inflation target could be met. Meanwhile, soft...