Averaging Technique

Averaging technique in money managemnt is mean opened again a new position in accordance with first positions although this time the price moves against the current price of conviction will follow in accordance with our predictions. Averaging taken when we are convinced that the price changes as opposed to the position that would suit turning back …

NZ ANZ Commodity Price Index: 2nd straight month of rises

FXStreet (Bali) – The New Zealand ANZ Commodity Price Index for March increased by 4.6%, the second consecutive rise. Quotes from Con Williams, Agri Economist at ANZ “Dairy products once again led the increase (+9.2%), but much of this was a carryover effect into early March from the February rally in the GlobalDairyTrade (GDT) auctions. …

AUD/USD bounces above 0.7680 on RBA Stevens

FXStreet (Mumbai) – AUD/USD extended overnight gains and jumped to fresh highs in the mid-Asian session, after Reserve Bank of Australia (RBA) Governor Stevens pro-AID comments pushed it higher against the greenback. AUD/USD eyes 0.77 barrier Currently, the AUD/USD trades higher by 0.35% at 0.7677, retreating from fresh session highs at 0.7686 posted some minutes …

CAD/JPY remains range-bound – TDS

FXStreet (Guatemala) – Analysts at TD Securities noted the conditions surrounding the CAD/JPY from a technical position. Key Quotes: “We noted yesterday that price signals were mixed (bearish weekly signals last week versus bullish price signals earlier this week on the daily chart) and that the trend momentum signals were also flat—indicating a nontrending environment.” …