Weekly Market Wrap

In currency trading, the greenback has only benefitted from lower equities and generally supportive comments from a variety of sources, with the exception of some non-conciliatory rhetoric out of the Sino-American summit. Traders were fixated all week on an alleged defense of a binary option with a range of 1.48…

Understanding How and Why OTC Forex Markets Work

Trading the OTC (over the counter) currency markets offers an opportunity to hedge stock and bond investing, but really is more of a traded market following the ebbs and flows of global commerce than it is an investment arena to plan retirement from. Getting to know six major currency pairs…

Greenback Gains as Equities Consolidate

The dollar ended the week higher against most major currencies as risk aversion pressured risky assets. European Central Bank President Jean-Claude Trichet stated that the ECB will withdraw emergency cash gradually and tighten the standards under which it accepts newly issued asset-backed securities as collateral from banks for its refinancing…

Dovish MPC Minutes Adds to the Pressure on UK Yields

The pound has recorded a split performance this week. It fell against the low yielding currencies (Japanese yen, US dollar, euro and Swiss franc) and rose against the commodity currencies (Canadian, Australian and New Zealand dollars) and the Swedish krona. GBP/USD closed the week at $1.6519, pulling back from the…

How to Search for the Ideal Metatrader EA

With thousands of Metatrader EAs out there, it can be tough to cut through the noise and find one suitable for your trading style and risk tolerance. To help you in this search, I’ve compiled the statistics that many traders find to be very beneficial when analyzing any Metatrader EA.