Gold nears a three month high, RBNZ dampens hopes of a rate rises, dollar traders remain confused If anyone has noticed some strange movements in our FX markets over recent months, then you’re not alone. Many analysts and top trading firms’ traders are apparently struggling to cope with some of the wild gyrations witnessed in […]
Apophenia is regarded as our universal human tendency to seek patterns in random information. In short; we appear to have a predisposition to identify patterns that don’t exist. Naturally the connection between this tendency and forex trading is obvious and the patterns may be graphical, they may be numerical, or a combination of both. In
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DJIA rises to an intraday high on Tuesday, gold reaches a three month high, euro slips as sterling rises Turning negatives into positives is generally part of the unwritten remit of central bank presidents and governors; Draghi, Carney, Yellen, they all excel at it. Not to be left out, a member of the UK’s monetary
Australasian central banks take center stage, during a relatively quiet fundamental data week Whilst the debate regarding the relative inefficiencies and benefits of fundamental analysis versus technical analysis has raged in investment circles for decades, it’s unlikely that anyone within the analysis community would have added the words “presidential tweets” on the list of high impact news
Super Thursday proves to be not so super for sterling. Non farm payrolls expected to deliver 175k jobs The day was heralded as “Super Thursday” for the UK’s Bank of England. The day when the base rate decision, combined with any adjustment to the current asset purchase scheme, would be released. The BoE governor, Mark
The UK’s parliamentary debate helps to lift sterling, whilst the Fed maintains its cautious approach policy Sterling has enjoyed a bounce over the past two days, the debate in the UK’s House of Commons, concerning the eventual safeguards and conditions for Brexit, has offered up investors and traders some comfort that a policy (of sorts)
Tuesday’s mixed economic data, combined with political uncertainty, causes dollar to experience its worst January for thirty years and gold to rise There were some surprise data misses published on the economic calendar on Tuesday, starting with prints from Europe’s largest (and the planet’s third/fourth largest) economy, Germany. Retail sales unexpectedly fell, falling by 0.9%
