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Apr 17, 19 •
2973 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Euro falls as certain ECB officials report their projections were too optimistic, sterling slips as reports emerge that talks between Labour and Tories have stalled.
The euro fell versus the majority of its peers during the London-European trading session on Tuesday, after several ECB central bank officials declared their belief; that the previous targets the bank had set for growth, were over optimistic. This declaration...
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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...
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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...
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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...
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Apr 11, 19 •
2790 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...
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Apr 10, 19 •
1840 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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Mar 19, 19 •
1740 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Sterling slips as Brexit situation takes unforeseen twist, USA equity indices rise, on prediction of a dovish, FOMC meeting outcome
The U.K. pound began to fall versus its peers, during Monday’s early trading sessions, as FX market participants began to wake up to the fact that the U.K. is now only nine working days away from needing to find an exit solution, or crash out. However,...
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Mar 18, 19 •
1630 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Central bank interest rate decisions for the: U.K., USA and the Swiss economies, could impact on the value of the respective currencies this week
The U.K. pound will be under increased focus and intense pressure during the week beginning March 17th. U.K. MPs’ concentration and attention will become heightened, as the March 29th Brexit date approaches. The U.K. government and Parliament only has two...
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Mar 15, 19 •
1608 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Sterling pairs trade in tight ranges as analysts and FX traders gauge the impact of latest U.K. parliament votes, USA equity indices slip, as investors bank weekly profits
The chaos and confusion currently on display inside the U.K. House of Commons, was replicated in the market for the U.K. pound versus its peers, during Thursday’s trading sessions. All sterling base pairs traded in tight ranges versus their counter...
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Mar 14, 19 •
1678 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on USA equity markets rise, WTI oil rises to 2019 high due to reduced inventories, sterling rallies as U.K. MPs vote to reject a no deal Brexit
After enduring a sell off during the trading week ending March 8th, USA equity markets have rallied this week. The SPX closed at a four month high after three days of rises, reaching a level not seen since November 2018, whilst breaching the 2,800 critical...