Without a doubt, learning how to draw effective trend lines on our charts is essential. Trend lines provide one of the most highly visible and simple methods for identifying potential trends, which may be emerging in our market place. However, it’s important that we learn how to identify trends and draw the lines correctly, as […]
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USA equity markets sell off sharply, euro, sterling and Canadian dollar make gains, at the expense of U.S. dollar USA equity markets slumped on Thursday, despite the latest U.S. GDP figures coming in at 1.4% annualised, beating the expectations of a 1.2% rise. Weekly unemployment claims came in at 244k, missing the forecast of 240k.
Central banks suggest rate rises are coming; sterling and Canada’s dollar rises accordingly, U.S. equities rise with oil With the U.S. Fed keeping to its commitment to raise interest rates by three times in 2017 (two so far and one due before December 2017), other central banks appear to be singing from the same hymn
As we’ve discussed many times, none of us like to lose. As forex traders we’re both curious and competitive, we’re also natural experimenters. If we were extremely cautious, only liked waging on what we think are “sure things”, then we’d never contemplate trading as a hobby, or career. Instead we’d simply leave our spare funds,
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Dollar slumps to nine month low versus euro, as Draghi comments stimulates euro versus peers Mario Draghi the president of the ECB, gave a ‘hawkish’ speech in Portugal on Tuesday, during which he suggested that the Eurozone’s economy was possibly now strong enough to consider raising the key interest rate, from its zero floor and
Sterling fails to rise on news of U.K. government/DUP support, yen falls, U.S. equities rise, gold slumps It’s been a dramatic period for politics in the U.K. since the general election held on June 8th. Only gaining 317 seats left the Tories 9 short of a majority. However, after support from a small Northern Irish
Eurozone inflation, the politics and GDPs of the USA and U.K. and Japanese hard data will dominate this week’s news The politics of the U.K. will be in focus throughout the week as the minority Tory government have to gain a majority vote in the House of Commons, in order to govern. Whilst the progress
USA equities close flat, European markets improve marginally, sterling, euro and U.S. dollar stay stuck in ranges Despite the UK enduring recent disappointing ‘hard data’ publications, the UK’s influential CBI delivered some cheer for pessimistic UK business leaders on Thursday, by publishing an optimistic trends survey for both selling prices and orders; orders came in
Oil slumps again, sterling recovers, dollar maintains recent highs, whilst U.S. and European markets sell off The UK government engaged in its version of Japanese kabuki theater on Wednesday, the UK parliament officially reopened with what’s termed the Queen’s speech, a ceremony of pomp and circumstance made all the more ridiculous by the newly formed
Sterling falls on Bank of England governor’s comments, oil slips into technical bear market, dollar hits three week high The U.K. took a break from Brexit negotiations on Tuesday and after the embarrassing battering the ‘Brexit minister’ David Davis received on Monday, the rest must have come as quite a relief, for him. Focus moved
