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Feb 22, 19 •
1591 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Aussie dollar continues its plunge after Chinese port lockouts, sterling whipsaws in tight ranges as Brexit begins to get critical
The Aussie dollar crashed in value versus its peers during the Sydney and Asian trading sessions, after certain Chinese port authorities began to refuse the entry of Australia’s coal into China. Other than iron ore, coal is Australia’s largest export...
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Feb 21, 19 •
1541 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Aussie and Kiwi dollars slump during Asian trading session, sterling strengthens after chancellor Hammond’s comments
In the Sydney trading session the Aussie dollar initially rose versus its main peers, as the latest positive jobs and unemployment data was released. The unemployment rate remained at 5%, the economy added double the amount of jobs forecast at 31.9k, whilst...
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Feb 21, 19 •
1718 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on U.S. dollar rises after FOMC minutes are published, sterling comes under scrutiny as Tory MPs resign
The U.S. dollar rose versus yen during the latter part of the New York session, after the minutes of the FOMC January rate setting and monetary policy meeting were published. The overall consensus, reached by the FX analyst community after the publication was...
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Feb 20, 19 •
1662 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Thursday February 21st is a busy day for calendar events, which FX traders should carefully monitor
After a relatively quiet period for medium to high impact calendar events over recent days, Thursday 21st of February will witness many significant publications being released. Releases that could move the markets in the currencies the data relates to....
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Feb 20, 19 •
1818 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Yen falls as Japan’s exports collapse, the balance of trade deficit also worsens, U.S. dollar struggles for direction, as FX traders await the FOMC minutes
As the second/third largest manufacturer on the planet and arguably number one in terms of practical, high end manufacturing, Japan’s manufacturing and export data is often regarded as a measure, to gauge the overall health of the global economy. During...
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Feb 20, 19 •
1992 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Sterling rises on Brexit negotiation optimism, U.S. dollar falls as Chinese trade talks indicate little progress
Market analysts and FX traders were left confused on Tuesday as sterling rose by circa one cent versus the U.S. dollar. The significant move of GBP/USD, by circa 1% during the afternoon’s New York session, crashing the major pair up through the third level...
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Feb 19, 19 •
2646 Views •
Forex Trading Articles, Hot Trading News, Market Commentaries •
Zahir Shah
Comments Off on Focus will turn to the FOMC rate setting minutes on Wednesday evening, for evidence that a dovish monetary policy is developing
At 19:00pm U.K. time, on Wednesday 20th February, the FOMC (the Federal Open Market Committee), will publish the minutes from its January, two day meeting. The culmination of which, saw the FOMC announce that the key interest rate for the USA economy, would...
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Feb 19, 19 •
1937 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Yen falls as bank of Japan Governor Kuroda suggest more easing on its way, euro slips as forecasts are predicted to reveal slowing growth
Yen fell versus its major peers during the latter hours of the Asian session and the early part of the morning London trading session. The currency, often regarded as a safe haven, took a hit after the Bank of Japan Governor Mr. Kuroda issued a policy...
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Feb 19, 19 •
1858 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling rises versus peers as markets expect progress on Brexit talks, China-USA trade talks boosts optimism
The U.K. pound edged up during Monday’s trading sessions, at 21:45pm U.K. time GBP/USD was trading up 0.30%, hovering close to the first level of resistance and recovering from printing three weeks of consecutive losses. At 1.295 the major currency pair is...
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Feb 18, 19 •
1670 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Oil reaches a three month high as trade optimism returns, Asian markets are boosted as China-USA talks move to Washington
China’s currency, the yuan, rose in the Asian session trading, as both the USA and Chinese negotiators announced that the trade and tariff discussions which took place in Beijing last week, would now continue in Washington. Investors and FX strategists took...