USA GDP rose to 2.1% in last Q. 2016, reflation trades are back on, sterling rises versus its major peers The USA main equity markets experienced positive gains on Thursday, apparently as a consequence of the suggested divergence in monetary policy between the ECB and the Fed; ECB representatives indicating a dovish stance (keeping interest […]
Sterling falls versus several peers, after UK’s government invokes Article 50, dollar rises, oil advances by over 2%, due to low inventory data Prime Minister May finally delivered her “Article 50 letter” in ceremonious fashion on Wednesday, to the president of the European Council, Donald Tusk, setting out the UK’s position regarding leaving the Union.
Fundamental analysis can be broken down into several sectors and sections within its overall, umbrella description. There’s data procured and published by governments, or quasi governmental bodies, such as the: UK’s ONS (official national statistics), Eurostat (self explanatory) and the BLS (bureau of labour statistics) in the USA, who are responsible for the publication of
Fundamental analysis of Markit Economics’ PMI data Read More »
U.S. equity markets rebound, oil rises, as the dollar claws back some of its recent losses The USA equity markets arrested their recent slump and bounced back into positive territory on Tuesday. A Conference Board survey recorded a reading of 125.6, ahead of the 116 predicted, which indicated that USA consumers are now more confident,
The Trump ‘put’ trade fades, as does the U.S. dollar value whilst sterling rises, despite imminent Article 50 invocation The secular, U.S. equity markets’ rise experienced since November (since the election of Trump), has not been underpinned by: sound fundamentals, economic confidence, or competence. The recent rally has come courtesy of the “huge” tax cuts
Experienced and successful traders (you can’t be one without being the other), will always testify that it’s fundamentals that drive our FX markets and many of us in the analyst community will never tire of constantly reminding you that the economic calendar is one of the most valuable tools at your disposal. As a simple
Testing your ability to forecast the impact of an upcoming fundamental news event Read More »
Sterling net shorts reach a record level, as the UK begins the process of leaving Europe, by invoking Article 50 on March 29th The Commodity Futures Trading Commission releases its weekly “Commitments of Traders” report each Friday. The report covers the positions major institutions, such as major banks and hedge funds, have in the markets.
Many of us recoil when confronted with motivational talking and writing, particularly when it’s aimed at us FX traders. You’ll recognise the style of writing by now; “stay positive and think your way to profitability”, “you can win big, if you dream bigger”, “use the rocket, but aim past the stars”. There’s many other equally
Why are you trading, what’s your goal, what’s your end game? Read More »
Sterling rises after UK retail sales data beats forecasts, gold gives up some recent gains, USA equities sell off due to lawmaker impasse The Eurozone’s consumers appear to be in confident mood, judging by the latest survey as the latest consumer confidence figure compiled by Eurostat came in at -5, beating expectations of -5.9 and
USA equities stage modest recovery, gold continues its recent bullish run, WTI oil falls on glut of supply news. In a relatively quiet economic calendar day, USA data releases, concerning the domestic housing and mortgage markets and USA oil inventories, dominated the financial landscape on Wednesday. Mortgage applications fell by -2.7%, from the previous reading
