-
Apr 16, 19 •
2572 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on USA equity markets slip as banking sector sentiment falls, GBP/USD trades in a tight range as volatility collapses, due to Brexit date extension.
What’s termed “earnings season”, when major USA firms listed on public trading markets, report their latest set of trading figures, has begun in America. Analysts and investors pay close attention to the results and in particular to the figures filed by...
-
Apr 15, 19 •
4441 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Can retail FX traders scalp, using STP-ECN access and MetaTrader platforms?
The definition of what the concept of scalping represents, has altered substantially over recent years. To many old school traders (who can still recall when internet based trading was born) scalping means; searching for a profit equivalent to more than the...
-
Apr 15, 19 •
2429 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Yen falls to a 2019 low versus USD, during the Asian trading session, long term speculators increase net long positions in USD, to levels not seen since 2015.
A combination of the Spring meeting between the IMF and World Bank, the benign FOMC minutes, a potential breakthrough in the China-USA trade talks and various economic calendar data, suggesting the USA economy is on course to match earlier bullish forecasts,...
-
Apr 15, 19 •
2442 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on CPIs, PMIs, the latest USA trade balance deficit, Eurozone sentiment readings and North American housing data, will dominate the week’s FX calendar.
Monday begins with the latest U.K. Rightmove asking house prices, published just after midnight. This data, ranking as medium impact, can have a significant effect on overall U.K. consumer and investor sentiment, for both the value of equity indices and...
-
Apr 12, 19 •
3501 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Chinese exports and China’s trade balance make a significant recovery year on year in March, EUR/USD rises to a three week high.
The latest Chinese export and import figures were published late in the Asian trading session, just before the London-European session prepared to open. Exports out of China have risen by 14.2% year on year up to March, beating the Reuters expectation of...
-
Apr 12, 19 •
3512 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on USA records a low of unemployment claims not seen since 1969, USA equity markets trade in tight ranges, as global trade fears hit investors’ sentiment.
The USA statistics agency, the BLS, reported a weekly unemployment claims number so low on Thursday afternoon, that statisticians had to refer back to 1969 to find such a comparable small reading. Only 196k Americans filed an unemployment claim during the...
-
Apr 11, 19 •
3261 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on If you’re planning to quit retail FX trading, you might want to read this article before you finally give up.
It’s worth starting at the end of the article title, as none of us like to simply “give up”. There’s something about: quitting, walking away, surrendering, that should never fit comfortably with you psyche. Imagine for a moment, if you gave up easily...
-
Apr 11, 19 •
3881 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Inflation rises in China, raising hopes that growth may be recovering, U.K. gets another Brexit extension.
China’s year on year CPI figure came in right on forecast, at 2.3% up to March, rising from 1.5% in February. Analysts immediately began to ponder if the globe’s second largest economy, might be entering a recovery mode, after its most recent GDP figures...
-
Apr 11, 19 •
2791 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.K. gets its Brexit extension, ECB’s Draghi delivers a dovish statement, FOMC continues to adopt a “wait and see” monetary policy.
As predicted, by the economists polled by Reuters and Bloomberg, the ECB announced they had kept the key interest rate unchanged at 0.00% and the deposit rate fixed at -0.4%, at the culmination of their committee meeting. Later in the afternoon, during his...
-
Apr 10, 19 •
1768 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Is skill an overrated concept when discussing and trading FX?
As an FX trader, what do you think of when you consider the word “skill”? You may think of a sportsman, or woman with exceptional skills. Perhaps you’d conjure up thoughts of world class tennis players such as; Serena Williams, or Roger Federer. Or...