Author: Editorial Team

ForexPromos Editorial Team is comprised of a selection of hand picked editors that bring you the latest breaking news from the financial markets. We also provide forex educative articles as well as comprehensive fx broker reviews.

EURZND – Silently slipping away

EURZND – Silently slipping away

Technical Analysis
As the Euro kept creeping up higher against the greenback and the bullish trend of the British Sterling supported by what seems to be a text economic recovery, most trading circles obviously kept their focus on the majors such as the EURUSD, GBPUSD and not to forget some of the Yen crosses. While the British Pound might have found favour with the traders and thus becoming a currency to trade, the EURNZD has been virtually ignored despite some major market moving fundamental developments. Unless you've been living under a rock, the RBNZ in March hiked the interest rates by 25bps to 2.75% making it the first in the group of developed economies to hike interest rates. In a world of currency wars and record low interest rates, the RBNZ rate hike is something that definitely deserves a secon...
How to use RSI to determine trends

How to use RSI to determine trends

Trading Strategies
Determining trends is one of the basic blocks of technical trading. As the saying goes, the trend is your friend. Trading without knowing what the prevailing trend is can prove to be disastrous. A simple way to define a trend is one where price makes higher lows and higher highs in an uptrend and when price makes lower lows and lower highs, it signifies a downtrend. However, determining trends depends on many factors, one of the most important and often a point of confusion is the time frame the trade is looking at. It is well possible to see an uptrend on a daily time frame, while the one-hour charts might show a downtrend. In order to overcome this 'trend paralysis' it is often advised that traders should identify the trend on higher time frame and trade in that direction. A simple wa...
European Banking Union Explained

European Banking Union Explained

Financial Markets Explained
The much talked about European Banking Union proposals has been making news on and off. For a complex set up such as the European Union which is comprised of various sovereign countries, in this article we explain the basics of the European Banking Union, the purpose of setting up the banking union and its far reaching implications on the Eurozone member countries. If one has to summarize the EU Banking Union proposal, it can be said that the idea is to break the vicious circle between the banking systems and their respective governments in order to create buffers of financial 'safety nets' to avoid a repeat of the financial crisis. European Banking Union - Brief History & Context The idea of establishing a common banking union across the Eurozone was highlighted after the Eurozone f...
ETXCapital – Spread Betting Broker Review

ETXCapital – Spread Betting Broker Review

Forex Broker Reviews
ETXCapital is a UK based spread betting firm that is authorized by the Financial Conduct Authority (FCA) with license number 124721 and offers derivatives dealing through CFD and spread betting products. Monecor (London) Ltd. is a privately owned company and operates under the trading name of ETXCapital and the company is based in London at One Broadgate, EC2M 2QS. Offering tight spreads in the markets with low margin requirements, ETXCapital was recognized in 2011 by Investment Trends research for providing the best value for money trading products. ETXCapital offers trading on the following products Forex pairs (67 pairs including majors, crosses and a wide choice of exotic currency pairs) Bonds (including government and corporate bonds, options commodities (Gold, Silve
What is the Standard Deviation Channel

What is the Standard Deviation Channel

Trading Indicators
Standard deviation channel is also alternatively referred to as the Linear Regression channel. In the course of this article, we will use both the words as they mean the same. As the name implies, the Standard deviation is a channel with an upper and lower range which are placed 'x' standard deviations away. The Standard deviation channel operates on the concept of reversal to the mean or price equilibrium. When it comes to plotting the standard deviation channel, traders must specify the time frame, or the number of bars for which they want the deviation channel to be plotted. Based on this input, if a trader selects 100 bars, then the standard deviation channel is automatically plotted. Ideally, the Standard deviation channel is used to find market tops and bottoms for the specifie...