The FOMC (USA Fed) reveals its interest rate decisions, whilst a raft of UK official hard data and the Bank of England’s rate decision, will be of interest, coming so close after an inconclusive election The main focus of the week is undoubtedly the USA’s FOMC interest rate decision on Wednesday, with the analysts’ polled […]
The ongoing question of ‘why investors/traders lose?’ tends to linger in the Forex market. It can’t be that the retail trading markets are like a bent poker game; rigged against the player, as that’s impossible in such a transparent business and marketplace. So does the problem lie with us? “Yes”, is the simple answer and
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Oil crashes by 5%, USA equities rise, UK FTSE slumps late in session as UK election looms, whilst sterling rises WTI Oil crashed on Wednesday by circa 5%, to end the day at circa $45.6 per barrel, resting just above the S3 pivot point level, the unexpected surge in USA stockpiles led to beliefs that
If you’re an enthusiastic reader of trading news you may have noticed that the word “volatility”, or “VIX” and the phrase “volatility index” has been repeatedly used over recent days and weeks. We’ve heard and read through various news channels, that the VIX (often referred to as the “fear index”) had been unusually low over
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The key political parties In the last 2015 General Election held in the U.K. the current government the Tories (Conservatives), received 38% of the national vote, the Labour Party gained 31%, Liberal Democrats 8%, UKIP 13%, Green Party 4%, SNP 5%. There are 650 ‘seats’ in the UK’s lower House of Parliament, seats relate
FXCC Explains the UK General Election Thursday June 8th Read More »
Yen strengthens versus all its major peers, USA equities fall for second day, oil rises, gold rises; for the third day in series In a relatively quiet day for high impact calendar news events, yen rose versus all its major peers on the basis of very little FX news relating to Japan. The rise was
Sterling rises as bets the Tories will win the UK’s election increase, EUR/USD falls from recent seven month high Having recently forecast that sterling could reach 1.45 versus the U.S. Dollar by the end of 2018, investment bank Morgan Stanley is now rowing back from that forecast, suggesting that the currency pair GBP/USD will peak
Main USA equity markets close at record highs, U.S. Dollar strengthens, gold falls, oil slips; despite a glut reduction Despite little USA economic calendar news on Thursday actually supporting the strong rally in U.S. equities, the SPX closed up 0.76% and the DJIA up 0.65%, both closing at record highs, with bank stocks leading the
Gold rises, oil slumps, USA equities end the month up approx. 1%, U.S. Dollar slides, whilst euro makes gains versus peers As institutional traders closed their books for the month, the SPX weighed in with 1.2% growth in May, closing down 0.05%, with the DJIA down 0.10%. There was little in the way of high
