DailyForex.com Team

DailyForex.com Team
Published articles: 878

About DailyForex.com Team

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.

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The Australian dollar fluctuated against the US dollar, although the pair continued its general bullish trend.

USD/GBP is in an ascending triangle.

The pair breaks strong resistance levels.

Don't let the calm surrounding the GBP/USD make you reckless: it may just be the calm before the storm.

Trading fees have a significant impact on the outcome of any trading strategy. Many new traders ignore the details, accept what the broker offers, as long as the broker is popular, especially on social media. eToro is a prime example of this, and has an outstanding marketing team, ensuring a steady flow of new traders, attracted by the idea of copying others. It sounds like an excellent idea on paper, especially for those seeking to manage a portfolio with a few clicks and short on time to evaluate the offered services properly. Besides the failure rate of above 75%, the cost structure at eToro remains elevated as compared to most competitors. The higher trading fees, most dominantly visible in spreads, the difference between the bid and ask price, allow eToro to market their services with no additional costs.

The Dubai Financial Services Authority (or DFSA) recently granted Pepperstone a license to operate in Dubai, which would let the broker provide its financial products to United Arab Emirates residents as well as to the residents of other Arab states of the Persian Gulf.

The US dollar went back and forth during trading on Monday as we continue to see a lot of indecision’s when it comes to the USD/JPY pair.

Cautious wait-and-see mode characterizes GBP/USD price performance in recent trading sessions, while maintaining the upward momentum and indifference to important economic releases.

High level trade negotiations will certainly be the major theme this week as Chinese officials head to Washington to resume talks with their US counterparts.

Bitcoin, the largest and most influential cryptocurrency, is once again turning lower which has created the fourth lower high since June of this year.