We all like certainty in our trading, in fact we crave it. In many ways it is a part of what’s often termed the “Holy Grail” of trading, that we all search for. The Holy Grail isn’t a perfect trading strategy and method that wins 100% of the time, it’s an overall trading plan with […]
The importance of using take profit limit order when trading Forex Read More »
The GDPs (gross domestic product) annual growth figures for several countries, are published during the coming week. When combined with several CPIs, these high impact economic calendar metrics, will be monitored carefully for signs of weakness and or stagflation in the various economies. Coming after the recent projections published by the IMF, who forecast a
It’s been a few weeks since a verbal outburst, or an ill advised tweet from the USA president, moved our markets. Readers may recall that, shortly after Trump’s inauguration, we warned that another economic category should be added to the calendar, to contend with Trump’s tweets or outbursts, given his ability to move markets with
The trading day began on Tuesday with disappointing Chinese data that failed to move the markets. Quite a comparison from previous years, when any signs that the engine of global growth was cooling, would send shockwaves through international markets. Exports from China (YoY) fell to 7.2% growth in July, from 11.3% in June, whilst Chinese
On Wednesday August 9th at 21:00 hrs (GMT), the RBNZ will announce its interest rate decision. Thereafter, immediately after the announcement, the governor of the bank, Mr. Wheeler, will discuss the central bank’s decision in a news conference, during which he’ll outline the bank’s position and the overall management of the monetary policy which is
The most prominent action in Forex markets during Monday’s trading sessions, came courtesy of the New Zealand dollar as a consequence of the two year inflation forecast (for the third quarter), missing the forecast; coming in at 2.07%, versus last quarter’s reading of 2.17%. The kiwi fell versus the majority of its peers; NZD/USD fell
Monday starts the week with Chinese data concerning the current account balance and foreign reserves, both figures expected to reveal marginal improvements. USA data is released early morning concerning mortgage delinquencies and mortgage foreclosures over the second quarter of 2017. At 4.71% mortgage delinquencies in the USA are running at extremely high levels, in comparison
The week commencing Sunday August 6th is a relatively quiet week for high impact news events, however, traders need to maintain a high level of concentration during an extremely busy week for news releases. China releases a raft of data throughout the week, the stand out release is Wednesday’s CPI print and on Thursday the
As widely predicted, the UK’s BoE division, the monetary policy committee, revealed they’d voted to keep the UK’s interest rate at a record low of 0.25%. This was a rate implemented as an emergency policy, immediately after the UK’s voters elected to leave the European Union in June 2016. As has become customary, what’s termed
KISS; “Keep It Simple Stupid”, is a phrase many of us are familiar with, often the simplest solution is the most efficient and effective. As we’ve suggested in previous articles; novice traders always appear to regard trading as a difficult exercise, one in which we feel compelled to expel: blood, sweat and tears, in order
Why a KISS approach is often the best strategy when trading Forex Read More »
