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.

Simple tricks to trade with pivot points more effectively

Simple tricks to trade with pivot points more effectively

Trading Strategies
While pivot point trading strategy is commonly used, there are risks involved nonetheless. These simple ticks can help you to reduce the likelihood of a trade going against you and thus increase your trade probability. There are many pivot point trading strategies which combines either price action or technical indicators. However, in reality trading with pivot points can be a bit risky as prices tend to respect the pivot levels only some of the times. No matter how well you combine the technical indicators, pivot point trading can be a bit risky. However, this simple trick can help you to identify potential reversal levels and trade more effectively. Pivot Reversals The pivot reversal method is based on the simple rule that broken support is often tested for resistance and vice versa...
What is Negative Interest Rate Policy (NIRP)

What is Negative Interest Rate Policy (NIRP)

Financial Markets Explained
Central banks across the world have been talking about it, some have already implemented it, and others are still considering it. It is safe to stay that Negative Interest Rate Policy or NIRP could pretty much be the new norm, right after QE. A decade ago, negative interest rates were seemingly unthinkable, but in today's times where central banks mandated to maintain price stability or inflation, negative interest rates are mentioned periodically and with ease. So what are negative interest rates and why is there so much fuss around this? What is Negative Interest Rate Policy? In a sane world, interest rate is the price one pays to borrow money. In the credit markets or bond markets, it goes by the name of yield. Yield is nothing but a dividend, interest or returns an investor expects f...
Weekly Trade Idea (01/02/16) – GBPJPY on the rebound

Weekly Trade Idea (01/02/16) – GBPJPY on the rebound

Technical Analysis
GBPJPY is looking ripe for a reversal following the weekly candlestick pattern near the 170 - 165 price level. The Yen weakened last week on the BoJ's surprise policy decision to cut interest rates to the negative. The British Pound which has been trading weak since the past month and a half is looking to retrace some of the declines. The week ahead will see market influencing economic releases, starting with China's PMI numbers, which if disappoints could see the Yen strengthen yet again, pushing GBPJPY down to 170 levels. In the event of an upside surprise, GBPJPY remains capped near the weekly trend line noted below keeping price action ranging sideways. From the UK, this week marks PMI numbers and BoE monetary policy decisions. Of these, the PMI's from the UK are likely to influence
Is the NZD rally justified despite RBNZ rate cut in Dec’2015?

Is the NZD rally justified despite RBNZ rate cut in Dec’2015?

Financial Markets Explained
The Reserve Bank of New Zealand met on December 9th for its final monetary policy review for the year. Heading into the RBNZ's monetary policy event, the markets were widely divided on whether the New Zealand Central bank would cut rates or not, given that the it is an almost certainty that the US Federal Reserve would hike rates at the meeting on December 17th. However, the RBNZ did indeed deliver a 25 bps rate cut, bringing the overnight cash rate from 2.75% previously to 2.50%. In the monetary policy statement from the RBNZ which can be read here, the Central Bank noted that it felt justified that the current rate cut would help New Zealand's inflation move back into the 1.0% - 3.0% target range by mid 2016. The Central bank also accepted the view that inflation will remain weak in t...
What happened at the OPEC Meeting on December 4th 2015

What happened at the OPEC Meeting on December 4th 2015

Financial Markets Explained
The Organization of Petroleum Exporting Countries or OPEC met for its bi-annual meeting in Vienna, Austria on December 4th, 2015. The OPEC meeting was crucial and gained considerable headlines into the run up to the meeting as investors were keen to learn whether OPEC would come together to cut Oil production due to the supply glut which flushed the global economies with tremendous amounts of Oil and leading to a sharp decline in Oil prices. However, much to the disappointment of many, the December 4th OPEC meeting was a non-event as the committee could not agree on cutting production and thus left the OPEC Oil production unchanged at around 31 million barrels per day, keeping the markets well oversupplied with Crude Oil. Was there any expectation of a cut to Oil production at the OP...