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Apr 10, 19 •
2152 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Focus turns to central bank committee decision making, as the ECB reveals its latest interest rate decision and the FOMC/Fed publishes its minutes from its March meeting.
On Wednesday afternoon, the value of sterling will come under intense focus and increased speculation, as an emergency E.U. summit decides what extension they’re prepared to offer the U.K. in order for the country to delay its exit from the European Union,...
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Apr 10, 19 •
1838 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Yen rises versus peers, as safe have appeal increases due to the IMF lowering global growth forecasts, GPB/USD whipsaws in synergy with Brexit developments.
Japan’s yen rose versus several of its main peers during Tuesday’s trading sessions, its safe haven appeal was elevated as a consequence of the IMF severely cutting its predictions, regarding global growth for 2019. The International Monetary Fund cut its...
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Apr 9, 19 •
2141 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Oil surge causes commodity currencies to rise at the expense of USD, GBP rises versus peers as analysts believe Brexit date will be extended.
The value of the U.S. dollar has been hit by two factors, during trading over recent sessions; the overall risk on market mood, as a consequence of a potential favourable outcome in the China-USA trade talks, combined with the rise in the value of oil and...
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Apr 8, 19 •
2059 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Yen rises in Sydney-Asian trading sessions, as current account balance improves, euro trades in narrow range as German data misses forecasts, oil spikes due to Libyan crisis
During the early hours trading sessions, Japan’s yen rose versus the majority of its peers as the latest current account balance figures rose, the latest trade balance reading fell, whilst consumer confidence and the Eco Watchers survey readings, also fell...
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Apr 8, 19 •
2155 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on FX traders will focus on U.K. GDP, FOMC minutes, ECB interest rate decision, USA CPI and Chinese data, during a busy and pivotal week for economic calendar events
The economic calendar week begins on Monday with the latest data from Germany covering: export, imports, the current account and trade balance. The latest export and import data will be closely monitored due to Germany’s latest disappointing economic data,...
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Apr 5, 19 •
4740 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Focus turns to USA employment and unemployment data on Friday, as the latest NFP data is published, optimism rises over China-USA trade deal
FX analysts and traders will begin to concentrate on the latest NFP data from the USA, due to be published at 13:30pm U.K. time. The prediction from Reuters, is for the number to come in at 180k for March, which would represent a significant increase on the...
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Apr 5, 19 •
5057 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Euro slips as shock German factory data is published, sterling slumps as Brexit impasse remains, Trump broadcasts positive update on China-USA trade talks
The euro slipped versus the U.S. dollar during Thursday’s trading sessions, as Germany’s factory data published in the morning session, came in at the worst level seen in over two years; down -8.4% year on year. Despite the shock reading, the fall in...
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Apr 4, 19 •
3630 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Analysts predict a significant recovery in the NFP jobs created metric, when the figure is published on Friday April 5th at 13:30pm
At 13:30pm U.K. time, on Friday April 5th, the latest headline NFP jobs number will be published, amongst a slew of jobs numbers published by the BLS (bureau of labor statistics) on the day. Analysts and traders will focus on the month’s data with increased...
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Apr 4, 19 •
5063 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling maintains position in tight ranges, euro slides as Germany factory orders crash, yen slips as risk on mood continues
Wednesday’s latest instalment of Brexit drama ended with MPs in the House of Commons voting through a Bill, which will force the U.K. prime minister to approach the European Union, to ask for a longer extension. However, the E.U. is under no obligation to...
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Apr 4, 19 •
3930 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Euro and Eurozone equity indices make gains, due to positive PMI data, USA job creation stalls, whilst the ISM non manufacturing and services reading misses forecast
During Wednesday’s trading sessions, GBP/USD traded in a tight range, with a bullish bias, oscillating between the daily pivot point and the first level of resistance, as investors and FX traders analysed the latest news regarding the Brexit situation....