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Mitrade is a financial broker based in Melbourne, Australia. The trading platform offers close to 100 markets including forex, commodities, indices and cryptocurrencies.  For further information, please visit www.mitrade.com.

Mitrade

September 10, 2020

8-Week Mark, a New Trade Challenge Begins

Even in the COVID world, historical patterns still emerge, and one of the biggest patterns of the past is the ‘8-week mark’ leading up to a US Presidential election. FX, equities and to some extent commodities have been trading on the re-opening global economy (as they should) and have exploded.

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Mitrade

July 2, 2020

Trading Currencies: USD and XAU

Gold (XAU/USD) continues to shift to new yearly highs, at above US$1,800oz there is little sign of it breaking back below the US$1,652oz support level that would have seen a bearish signal, and every chance it will test the resistance band at US$1,830oz.

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Mitrade

June 24, 2020

Trading Currencies: Risk Wants to ‘Win’

Markets are showing us that they just want to ‘buy risk’ and anything that supports this thesis is brought up with glee. This is despite the risk of a second wave becoming ever more prevalent and the growing risk of a harder lockdown being put in place.

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Mitrade

June 5, 2020

Trading Currencies: Riding the Wave Momentum

The momentum in the AUD/USD has now become something different altogether and something we want to flesh out further as there are signs that the wave AUD is riding could be sustained for the rest of 2020.

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Mitrade

May 14, 2020

Trading Currencies: The USD and the ‘Second Wave’

What is concerning for FX and equities is the US’ reopening ‘style’ and speed. It appears to be early and without regulations, which lead to the US’ Head of Infectious Diseases, Dr. Anthony Fauci, warning a Senate at his testimony that easing restrictions too early could: ‘trigger an outbreak …

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Mitrade

April 30, 2020

Trading Currencies: G10’s Unlikely ‘Star Performer’

The AUD’s performance over the past 3 weeks has been nothing short of ‘astounding’. The largest government stimulus in history coupled with the most accommodative central bank policy setting in history have basically ‘backstopped’ the AUD’s rapid decline seen in late-March when AUD/USD hit $0.58 and AUD/NZD was basically at parity.

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Mitrade

April 9, 2020

Trading Markets: How to Trade with Volatility

We continue to see question after question from traders about how to trade with volatility. It is no surprise that we are getting these questions as the VIX index remains at unprecedented levels.Here are a few stats around the current volatility in the S&P 500.

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