FX Trading

Though liquidity was winding down quickly into the close of the week, we would nevertheless see a significant shift in the traditional market gauges for risk appetite Friday. With the help of a dubious nonfarm payrolls (NFP) report, risk appetite would start climbing before the US exchanges came online.

Neither oil nor gold would benefit from the carry through of risk appetite trends through the week’s close. With speculative interests fully drained for the extended holiday weekend, will traders rouse enough momentum to carry critical breakouts next week?

The trend towards risk is back. Take advantage through the AUDUSD and EURJPY.

Look to buy pullbacks in the Yen crosses next week.

Bollinger Bands have long been one of the most popular technical indicators across financial markets, and many forex traders use them regularly in their day-to-day trading. The key question to ask of any forex analysis technique is nonetheless clear: how effective is the Bollinger Bands indicator as a forex strategy? This article will take a closer look at one key Bollinger Band trading strategy on several forex pairs and explores one way to improve its effectiveness.