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Mar 6, 19 •
2148 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Aussie dollar slumps as GDP growth falls in Q4. Focus turns to Canada’s interest rate announcement on Wednesday and Mario Draghi’s press conference, set for Thursday afternoon
The latest GDP growth figures for the Australian economy, missed the news agency forecasts, causing a sudden sell off in the Aussie dollar versus its peers, during the Sydney and Asian trading sessions. Reuters had forecast a 0.5% rise for Q4 2018, the figure...
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Mar 5, 19 •
2180 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Whilst the BOC bank of Canada is widely tipped to maintain its interest rate at 1.75%, speculation in the Canadian dollar might increase
At 15:00pm U.K. time on Wednesday March 6th, Canada’s central bank, the BOC, will announce its decision regarding its latest interest rate decision. The current interest rate for the globe’s eleventh largest economy is 1.75%, a level which has been...
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Mar 5, 19 •
1800 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on China growth forecast falls to multi decade low of 6%, euro under scrutiny as ECB rate setting announcement nears
During the Asian session, the Chinese authorities at the annual Chinese National People’s Congress, announced a fall in the projected rate of annual GDP growth, from 6.5% to 6.0%, the lowest growth rate projected since 1990. The Chinese government...
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Mar 5, 19 •
2026 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on U.S. equity markets sell off suddenly as investors question China-USA trade talks progress, sterling slips in late trade
The main equity indices in America sold off, during the mid point of the New York trading session, as investors appeared to suddenly take cover, due to the progress regarding the ongoing trade agreement talks between China and the USA, apparently stalling....
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Mar 4, 19 •
1665 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Traders of the Aussie dollar need to remain vigilant during the Sydney and Asian trading sessions
On March 5th, at 3:30am U.K. time, the central bank of Australia, the RBA, will announce their decision regarding the country’s key interest rate, referred to as the “cash rate target”. The forecast, after the Reuters news agency has polled its panel of...
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Mar 4, 19 •
1643 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Chinese equity markets close up as optimism increases over China-USA trade deal. Sterling rises as the threat of no deal Brexit recedes
The CSI and Shanghai indices rose by over 1% during the Asian trading sessions, taking the year to date rise in 2019 of the CSI to 26%. Representing a highly significant reversal of Chinese equity markets’ fortunes and in stark contrast to the slump...
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Mar 4, 19 •
1798 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on FX traders will be hoping for increased price action opportunities to develop, during the trading week
Sterling will once again be under focus this week as the U.K. government considers bringing another vote to parliament, on the Brexit withdrawal agreement. The next official meaningful vote is scheduled for March 12th, however, certain U.K. publications are...
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Mar 1, 19 •
1489 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on European manufacturing PMIs reveal a mixed picture, German retail improves, yen falls as manufacturing PMI misses forecasts
Various manufacturing PMIs were published by IHS Markit during the Asian and London-European trading sessions on Friday, the majority weren’t listed even as low or medium impact calendar events, as they’re considered unlikely to move FX markets. Countries...
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Mar 1, 19 •
1486 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling eases as FX traders bank recent gains, U.S. dollar rises as USA GDP growth beats forecasts
Sterling slipped back versus its main peers during Thursday’s trading sessions, as FX traders appeared to take profits, perhaps collectively calculating that this recent bullish movement had run its course. The recent surge in the value of the U.K. pound,...
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Feb 28, 19 •
1527 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on FX traders need to remain focused on Friday, as March begins with a busy day for economic calendar events
Friday March 1st is an extremely busy day for economic calendar events, beginning with a slew of results for the Eurozone. Data from Germany will include the latest retail figures which, according to the Reuters forecasts, are predicted to have risen by 1.90%...