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Mar 12, 19 •
2024 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on U.K. pound rises on Brexit optimism, USA equity market indices surge as Trump slashes taxes in his budget statement
The U.K. pound surged during the latter stages of the New York session, as the U.K. prime minister flew off to Strasbourg to meet with the E.U. Brexit negotiating team. Unfounded rumours had circulated around Westminster during Monday afternoon, that the E.U....
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Mar 11, 19 •
2225 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call, Uncategorized •
Zahir Shah
Comments Off on Focus will remain on the U.K. pound, during the trading week beginning March 10th, as three critical Brexit votes will be held in the U.K. parliament
The trading week ending March 8th, finished with a shock statistic; the latest NFP jobs data for February (from the USA’s BLS), revealed that only 20,000 jobs were created during the month. The main USA equity indices sold off on the news, capping a week of...
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Mar 8, 19 •
2221 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Euro slumps, as the ECB keeps the key interest rates unchanged, but add further monetary stimulus to the Eurozone economy
As widely predicted, the ECB announced on Thursday that the key interest rate would remain at 0.00%, with the deposit rate remaining locked in NIRP territory, at -0.4%. During the President of the ECB (Mario Draghi’s) press conference, he outlined how the...
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Mar 7, 19 •
2010 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Canada’s dollar sells off, as BOC signals dovish stance, and fundamental releases miss forecasts
As widely expected, the BOC, Canada’s central bank, announced on Wednesday afternoon, that they’d held the key interest rate at 1.75%. Maintaining their highest rate since 2008. The BOC stated there was “increased uncertainty” around future rate...
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Mar 6, 19 •
2963 Views •
Forex Trading Training, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Positive fundamentals for the USA economy, fail to lift U.S. equity indices, as the U.S. dollar rises versus its major peers
With all the geo political tensions taking centre stage over recent days and weeks, FX traders could be forgiven for taking their collective eyes off the ball, in relation to the economic calendar. The issues for the USA concerning: the North Korea summit...
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Mar 5, 19 •
2025 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 •
1797 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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Feb 28, 19 •
1532 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on GBP/USD reaches seven month high, as investors determine no deal exit less likely
Cable reached a seven month high during Wednesday’s afternoon trading session, after analysts and FX traders deduced that the U.K. govt. is likely to ask for a delay to Brexit, past the March 29th deadline. The chance of a no deal Brexit now looks less...
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Feb 27, 19 •
1558 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Euro falls to a 21 month low versus sterling, GBP/USD reaches five month high, USA equity markets tread water
Sterling was the major focal point in the FX markets, during Tuesday’s trading sessions, GBP/USD traded at a high not seen since September 2018, whilst EUR/GBP fell to a low not witnessed since May 2017. The reason for investors’ bullish sentiment...
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Feb 26, 19 •
1508 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Oil slumps, USA indices continue the China trade rally, yen slips, U.K. Labour Party calls for second referendum vote
Risk on appetite returned to the global markets on Monday, after President Trump agreed to postpone the March 1st deadline, as the introduction date for 25% tariffs, on $200b of Chinese imports. After Chinese markets closed up between 5.5-6.5% on Monday,...