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May 24, 19 •
3093 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. equity indices and USD crash as market sentiment turns bearish, due to China trade concerns.
European and USA market sentiment reversed during Thursday afternoon’s New York trading session, following on from Chinese equity markets selling off sharply, during Thursday morning’s Asian trading session. The slump over the past twenty four hours, in...
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May 23, 19 •
3381 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Money management, risk and probability, three of the major overlooked concepts involved in FX trading.
One discussion which many experienced and successful, independent, retail FX traders will enjoy having with other traders, involves what they would have done differently, with the benefit of hindsight? What would they have done back in the day, when they...
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May 23, 19 •
2914 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on German growth rises as forecast, as consumer growth spikes, sterling continues its slump.
Consumer spending rose in Germany by 1.2% in the first quarter of 2019, German capital investment rose by 1.1%, whilst government spending fell by -0.3% in the same period. The figures painted a healthier backdrop for the German economy, that in Q3 to Q4...
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May 23, 19 •
2393 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Sterling briefly rises as rumours circulates in Westminster that Theresa May was resigning, Canadian dollar falls, as retail sales beats forecasts but oil price slumps.
The U.K. pound rose marginally in early evening versus its peers, as a consequence of political rumours prime minister May was scheduled to immediately resign, after her revised withdrawal agreement (WA) spectacularly backfired on Tuesday. Perhaps, after...
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May 22, 19 •
2807 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on FX markets are mostly reactive and not predictive, therefore, FX traders must remain vigilant to breaking news events at all times.
It’s often stated that FX markets are random, however, this claim is generally misunderstood. FX markets respond to economic data and calendar releases, they also react to breaking political developments and economic news, not necessarily listed on the...
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May 22, 19 •
2261 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Yen registers marginal gains versus peers as trade data hints at improvements, sterling continues its Brexit related fall, whilst investors await FOMC meeting minutes.
Japan’s latest import, export and trade balance figures were published in the Sydney-Asian trading session; exports fell by -2.4% year on year up to April, with imports rising by 6.4%, machine orders rose by 3.8% in March. Imports rising in tandem with...
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May 22, 19 •
2651 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Sterling whipsaws in a wide range versus peers, as a new Brexit deal is offered by prime minister May to Parliament, U.S. equity indices rise as trade war fears recede.
The U.K. prime minister delivered a speech, offering up a new withdrawal agreement (WA) to Parliament, on Tuesday. A speech in which she promised various improvements, to get the deal through the House of Commons by way of a vote, in the first week on June....
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May 21, 19 •
3362 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Building a simple FX trading strategy, slowly and surely, piece by piece.
Peruse many of the most popular trading forums and in the sections listed as “trading strategies”, you’ll see thousands of posts, by individual members, who are convinced they’ve discovered a trading edge. Which they’re convinced they can...
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May 21, 19 •
2433 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Aussie dollar gives back Monday’s gains as RBA hints at June rate cut, sterling falls as Tory government infighting increases, USD rises after Powell comments.
After experiencing a relief rally on Monday, based on the Australian general election resulting in no change of government, the Aussie dollar gave back its gains versus its peers, during the Sydney-Asian sessions, after RBA Governor Lowe suggested a rate cut...
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May 21, 19 •
2765 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Sterling trades in flat, narrow range as Brexit and govt. issues dominate, U.S. dollar index falls as analysts await developments on China-USA trade issues.
GBP/USD traded in a tight range, near to the daily pivot point, during Monday’s trading sessions, as FX analysts and traders attempted to price in both the latest Brexit issues and Tory government chaos. At 20:30pm U.K. time GBP/USD traded at 1.272, up...