January 2018

WEEKLY MARKET SNAPSHOT 22/1-26/1|USA and U.K. GDP growth figures will come under close scrutiny next week, as will the ECB when it meets to discuss and decide on the Eurozone’s interest rates

Is The Trend Still Your Friend

The ECB will reveal its latest decision with regards to interest rates, the key rate is at 0.00% and there is no expectation for a rise. However, the accompanying narrative from ECB president Mario Draghi will be carefully monitored, given recent protestations from various ECB officials suggesting that; the value of the euro is too […]

WEEKLY MARKET SNAPSHOT 22/1-26/1|USA and U.K. GDP growth figures will come under close scrutiny next week, as will the ECB when it meets to discuss and decide on the Eurozone’s interest rates Read More »

U.S. equity markets fail to hold record highs, currency price action is scarce, gold trades sideways

Morning Roll Call

Having reached fresh record highs on Wednesday, the key USA equity indices gave back some gains, with the DJIA still holding its position above the (newly breached) handle of 26,000, but closing down 0.37% on the day. Disappointing new housing starts data helped to cool market sentiment in the USA; falling by -8.2% in December,

U.S. equity markets fail to hold record highs, currency price action is scarce, gold trades sideways Read More »

U.S. equity markets reclaim lost ground to reach record highs, sterling rises as E.U. encourages U.K. to abandon Brexit, gold slips

Morning Roll Call

After pausing on Tuesday, U.S. equity markets roared back to breach record highs on Wednesday, whilst European equity markets slipped back for the second day. The SPX and DJIA made approx. 1% gains, the first such gains posted since August, with the DJIA reaching an intraday high and closing out above the 26,000 handle. Apple

U.S. equity markets reclaim lost ground to reach record highs, sterling rises as E.U. encourages U.K. to abandon Brexit, gold slips Read More »

How to trade the New York open session?

U.S. equity markets close down, finally breaking 2018 winning streak, USD fails to make gains versus major peers

Morning Roll Call

The leading U.S. equity indices, the DJIA and SPX, reached record intraday highs on Tuesday, shortly after New York markets opened, with the DJIA breaking through the crucial handle of 26,000. However, the heights were short lived; after rising through the first level of resistance the DJIA index then fell circa 300 points from its

U.S. equity markets close down, finally breaking 2018 winning streak, USD fails to make gains versus major peers Read More »

The Bank of Canada is odds on to raise Canada’s interest rate on Wednesday to 1.25%, but could they shock markets by keeping rates unchanged?

Mind The Gap

At 15:00 GMT (London time) on Wednesday January 17th, the BOC (Canada’s central bank), will end their monetary policy/rate setting meeting with an announcement regarding the key interest rate. The expectation, according to the economist panel polled by Reuters, is for a rise from the current rate of 1.00% to 1.25%. The central bank unexpectedly

The Bank of Canada is odds on to raise Canada’s interest rate on Wednesday to 1.25%, but could they shock markets by keeping rates unchanged? Read More »

Gold rises to 1,340 level, U.S. dollar falls versus major peers, European indices fall as USA markets are closed for Martin Luther King day

Morning Roll Call

There was no hiding place or relief for the U.S. dollar on Monday, despite USA equity markets being closed for a national holiday. The U.S. dollar index approached its lowest level in three years; falling by circa 0.6%. EUR/USD continued the bullish momentum witnessed over recent weeks, as the major currency pair continued its habit

Gold rises to 1,340 level, U.S. dollar falls versus major peers, European indices fall as USA markets are closed for Martin Luther King day Read More »

Making New Year’s trading resolutions is easy, sticking to them requires discipline and dedication

Forex Trading Articles

As we’ve now entered the New Year it’s worth reflecting on our achievements in 2017, in relation to the ambitions we originally set for ourselves at the start of the year. Did we reach our targets, did we grow our trading account by the percentage we targeted? Did we stick to our trading plan and

Making New Year’s trading resolutions is easy, sticking to them requires discipline and dedication Read More »

U.S. equity markets set a new record high, Brent crude breaks $70 per barrel handle, euro rises on hawkish ECB statement.

Morning Roll Call

The USA equity markets were obviously simply pausing for breath on Wednesday, as it was back to the business of setting record highs on Thursday, the SPX rose by 0.81% on the day and has now risen by circa 4% in 2018. Some investment bank analysts are suggesting that stocks have higher to rise, on

U.S. equity markets set a new record high, Brent crude breaks $70 per barrel handle, euro rises on hawkish ECB statement. Read More »

Canada’s interest rate policy will be under scrutiny next week, as the central bank meets to discuss a potential rise to 1.25%.

Extras

There’s plenty of speculation regarding the Bank Of Canada’s two day meeting taking place next week,  the overwhelming expectation is for a rise from 1% to 1.25%. However, many analysts will offer up several reasons why the central bank may hold back. Most notably the Canadian dollar has already risen sharply versus its major trading

Canada’s interest rate policy will be under scrutiny next week, as the central bank meets to discuss a potential rise to 1.25%. Read More »