Author: Camasu

By Camasu That’s a lot of intermarket correlations to remember so let’s do a quick recap. The price action of currencies is often driven by their relationship with commodities, bonds, and stock indices. Here’s a neat one-page cheat sheet for you to bookmark and make it easy for you! IF THEN WHY Gold USD During times of economic unrest, investors...

by Camasu Take CAD USD as example “Actual > Forecast = Good for currency;” Next, we look to the “Currency” column heading and we see “CAD”. So we are thinking if the actual economic numbers are greater than what was forecast, it would be “Good” for CAD, meaning we expect CAD to get stronger against it’s counter-currency. Example continued: OK,...

By Camasu Forex Market Sessions Summer Time Zone EDT GMT GMT+8(Malaysia) Malaysia Local city MT4 time Sydney Open 6:00 PM 10:00 PM 6:00 AM 6.00 8.00 AM Sydney 00.00AM Sydney Close 3:00 AM 7:00 AM 3:00 PM 15.00 5.00 PM Sydney 9.00 Tokyo Open 7:00 PM 11:00 PM 7:00 AM 7.00 8.00 AM Tokyo 1.00 Tokyo Close 4:00 AM 8:00 AM 4:00 PM 16.00 5.00 PM Tokyo 10.00 London Open 3:00 AM 7:00 AM 3:00 PM 15.00 8.00 AM  London 9.00 London Close 12:00 PM 4:00 PM 12:00 AM 24.00 5.00 PM  London 18.00 New York Open 8:00 AM 12:00 PM 8:00 PM 20.00 8.00 AM  New York 14.00 New York Close...