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Apr 30, 19 •
2139 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on French and Spanish GDP figures provide hope for E.Z. economic improvement, China’s Caixin PMI misses forecast.
During Tuesday’s Asian trading session, China’s latest Caixin PMI figure came in at 50.2 for April, below the Reuters forecast of 50.9. The Markit PMI for China came in at 50.1, missing the forecast of 50.5. Both metrics registered readings just above the...
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Apr 30, 19 •
2321 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. equity market indices print record highs, as USD falls versus major peers.
The U.S. dollar index, DXY, gave up position from its recent two year high, during Monday’s trading sessions. At 20:15pm U.K. time, the index of a basket of USD peers traded at 97.85, down -0.16%, having threatened to breach the 99.00 handle, during the...
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Apr 29, 19 •
2342 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Trading noise in the FX markets can lead to devastating losses, however, the methods to avoid such damage are obvious, but often ignored.
FX traders will often come across the phrase, “trading noise”. It’s a highly common phenomenon and occurrence, based on the estimates that FX currency markets (and the associated pairs) trade in ranges, far more than trading in easily identifiable...
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Apr 29, 19 •
2160 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on GDP readings for the Eurozone and Canada could impact on both EUR and CAD, as the data is published on Tuesday.
On Tuesday April 30th, the latest GDP readings for both the Eurozone and Canada will be published. The latest GDP growth reading for for E.Z. will be published at 10:00am U.K. time, both Reuters and Bloomberg forecast an unchanged figure of 1.1% for year on...
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Apr 29, 19 •
1871 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Asian trading slows as Japan enters extended holiday, currency pairs trade in tight ranges as FX markets await first tranche of economic calendar data in a busy week.
Japanese markets will be mostly shut during an extended ten day holiday period, to honour the ascension of a new emperor. Therefore, trading in yen may be reduced as liquidity and volatility recedes. FX traders who favour trading yen, should note this factor...
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Apr 29, 19 •
2532 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Central bank interest rate decisions and the latest NFP jobs number, are the outstanding high impact events during the week.
The week’s significant economic calendar events begins on Monday April 29th, with a speech delivered by the Bank of England Governor Mark Carney, at 9:10am U.K. time in London. He’ll most likely cover the fact that U.K. GDP is holding up well, combined...
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Apr 26, 19 •
4346 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on If you’re an FX trader, do you really understand the Game?
What is the FX market, what’s it for, who benefits, how can you trade it, how can you attempt to profit from it? If you converse with other FX traders, either face to face or online, you quickly begin to realise that the vast majority of retail traders have...
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Apr 26, 19 •
4234 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Kiwi dollar rises as N.Z. trade balance improves, WTI falls, analysts await latest USA GDP growth figures.
The kiwi rose versus several peers during the Sydney-Asian trading session, after the latest import and export figures for New Zealand led to a significant improvement in the balance of trade. In an economy reliant on its exporting and production, the...
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Apr 26, 19 •
3633 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on USA equity markets whipsaw in wider ranges, as certain data and earnings miss forecasts, JPY maintains gains based on BOJ economic outlook.
Markets for equities in the USA experienced unusual price action, during Thursday’s New York session, as price action for the: DJIA, SPX and NASDAQ whipsawed in wide ranges, oscillating between bullish and bearish sentiment, as earnings for various...
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Apr 25, 19 •
4864 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on The latest GDP growth rate for the USA could cause movement in the value of USD.
At 13:30pm, on Friday April 26th, the latest GDP growth data, relating to the USA economy, will be published. The annualised quarter on quarter figure, for the first quarter of 2019, is forecast by agencies such as Bloomberg and Reuters, to come in at 2.2%,...