September, 2013 | Forex Trading Blog - Forex News, Articles and Market Analysis

USA manufacturing appears to have run out of steam, whilst consumer confidence stalls

We highlighted the high impact news events for Tuesday in our ‘Mind The Gap’ section, that could affect sentiment in the afternoon session. The Richmond Fed Manufacturing survey came in below economists expectations; the Fifth District manufacturing activity was little changed in September, according to the most recent survey by the Federal Reserve Bank of […]

USA manufacturing appears to have run out of steam, whilst consumer confidence stalls Read More »

USA Government Faces Shutdown Over Debt Ceiling

Mind The Gap

Although it feels like last year since we last visited this problem, it was in fact 2011 when the USA government was close to shut down as a consequence of the two main parties not reaching an agreement to raise the national debt ceiling. Many of us thought at the time that all Obama’s democrats

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“I can’t believe trading is so simple, why has it taken this long for me to figure that out?”

Between the lines

Occam’s Razor suggests that the simplest explanation is usually the right one. Criminologists often use it to determine who’s the most likely suspect in a crime, such as a murder. Doctors also use Occam’s Razor every day in order to diagnose a patient’s illness when presented with a set of symptoms. It’s also used in

“I can’t believe trading is so simple, why has it taken this long for me to figure that out?” Read More »

US PMI published by Markit Economics slumps to a three-month low as new order growth slows sharply

Morning Roll Call

In our weekly trends publication, published on Monday morning every trading week in our Trader’s Corner blog, we mentioned the importance of the rash of PMIs that were published this Monday. The European PMIs for manufacturing and services were, for the most part, positive. However, the USA print provided a mild shock as the PMI

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German electorate returns Merkel to office, whilst Eurozone business activity is at its highest since June 2011

Mind The Gap

There were two notable observations regarding the German general election; firstly many are classing Chancellor Merkel’s comprehensive victory as a reward for her overall superb management of the European crisis, ensuring that domestically the German electorate didn’t suffer the ravages that so many right-wing leaning mainstream media publications predicted. Secondly, the voter turnout was circa

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Trends prediction, week commencing September 22nd

Is The Trend Still Your Friend

All of the high impact news events and policy decisions of the preceding week were, without a doubt, overshadowed by the FOMC meeting (held over two days) in which the pivotal announcement, that the FOMC would be sticking to their original inflation and moreover unemployment target of 6.5% and therefore not tapering their monetary easing/asset

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Rupee Dives As India Raises Base Interest Rate Whilst Germany Holds General Election This Weekend

Mind The Gap

Readers will have been aware that over recent months the rupee has come under intense pressure on the foreign exchange markets falling to record lows versus the dollar, whilst the dollar was also losing value versus its major currency peers. The Reserve Bank of India surprised the markets in the overnight/early morning session by announcing

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Reasons For The Markets To Stay Bullish

Between the lines

Now that the impact of the ‘no taper’ decision by the FOMC has begun to dilute into the global equity markets a sense of new-order, in amongst the ensuing panic, has prevailed. There was a rash of high impact news events published on Thursday that ensured that the momentum caused by the FOMC didn’t fall

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UK retail sales fall suggesting that the recovery is more fragile than many analysts suggest

Morning Roll Call

We’re not sure if our readers have noticed but there’s always an excuse prepared for failing economic information. The weather is the favourite excuse, particularly were retail data is concerned. If retail sales figures are up it’ll be the sun shining, down and it’s the rain, snow or gales, or the heat wave which has

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BOJ’s Kuroda picks up the QE baton from the Fed, believing that his policy clearly having a positive impact on economy

Mind The Gap

No sooner had the issue of the FOMC ‘non taper’ been addressed and attention shifted to the overnight/early morning Asian session, in which the BOJ governor stated his belief that the current monetary easing programme the BOJ are engaged in, is having a positive effect in the economy. If that belief is contained to creating

BOJ’s Kuroda picks up the QE baton from the Fed, believing that his policy clearly having a positive impact on economy Read More »

September 2013