Forex Trading Mind

This afternoon New York time, the Federal Reserve will release the minutes of the previous FOMC meeting, which sets the interest rate and provides forward guidance for the market in the U.S. Dollar in the shape of economic projections and textual commentary.

Yesterday I wrote about how you can use a simple indicator, linear regression, to identify and measure trends.

There is another filter I overlooked, and I want to cover this today: linear regression analysis. What is it and how does it work?

If you follow American news, or live in a country like the U.K. or Canada which tend to be heavily impacted by American cultural and political trends, you’ve probably noticed there is a very poisonous political atmosphere these days.

The last few days have been a wild ride in the cryptocurrency market. Bitcoin hit a new all-time high last Wednesday, but just a few hours ago was already down 30% from this peak.

Last week was a strange week. Important USD-related events were scheduled: both the FOMC Minutes release and the Non-Farm Payrolls data.

A few hours ago, the Bank of England raised their interest rate for the first time in almost a decade, by 0.25%, reversing the emergency rate cut by the same amount carried out last August just after Britain voted to leave the European Union.

The Canadian Dollar took a hit today, as new GDP figures showed a shock decrease in economic growth over the last month.