March 2019

Sterling stabilises after the U.K. government loses crucial Brexit vote by a huge majority. U.S. dollar falls versus major peers

Forex Trading Articles, Market Commentaries

Sterling experienced modest losses during Tuesday morning’s London trading session, losses that that were accelerated, after the government’s attorney general confirmed the additional words, attached to the original withdrawal agreement, were ineffective and pointless. GPB/USD slumped by circa 200 pips, as FX traders and analysts quickly and correctly judged, that the revised motion had very […]

Sterling stabilises after the U.K. government loses crucial Brexit vote by a huge majority. U.S. dollar falls versus major peers Read More »

Sterling maintains its Brexit, optimism, momentum, euro also experiences a Brexit related bounce, as U.S. dollar slips in early European trading

Forex Trading Articles, Market Commentaries

The U.K. pound continued the bullish direction it developed on Monday evening, as a consequence of the additional wording tagged onto the Brexit withdrawal agreement, which could give comfort to doubtful MPs, regarding the obstacle of the Irish backstop. The U.K. Parliament is due to vote on the revisions on Tuesday evening, at approximately 7:00pm.

Sterling maintains its Brexit, optimism, momentum, euro also experiences a Brexit related bounce, as U.S. dollar slips in early European trading Read More »

U.K. pound rises on Brexit optimism, USA equity market indices surge as Trump slashes taxes in his budget statement

Forex Trading Articles, Market Commentaries, Morning Roll Call

The U.K. pound surged during the latter stages of the New York session, as the U.K. prime minister flew off to Strasbourg to meet with the E.U. Brexit negotiating team. Unfounded rumours had circulated around Westminster during Monday afternoon, that the E.U. had finally relented and were prepared to deliver a compromise, ensuring that the

U.K. pound rises on Brexit optimism, USA equity market indices surge as Trump slashes taxes in his budget statement Read More »

Yen falls as Japanese machine tool orders collapse, euro stabilises despite German industrial production slipping

Forex Trading Articles, Market Commentaries

Fears over the strength of the Japanese economy and doubts regarding its ability to weather the storm caused by China’s economy slipping, reappeared during the Asian session, as the latest machine tool orders fell sharply, whilst missing the forecast by some distance. In the month of February (YoY), the orders figure fell by -29.3%, after

Yen falls as Japanese machine tool orders collapse, euro stabilises despite German industrial production slipping Read More »

U.K. GDP growth data, combined with other high impact releases and the ongoing Brexit debacle, could cause sterling pairs to whipsaw during Tuesday’s London trading session

Forex Trading Articles, Market Commentaries

At 9:30am U.K. time on Tuesday March 12th, the official U.K. statistics agency, the ONS, will reveal the latest data regarding U.K. GDP growth. The forecast from the Reuters news agency, after they’ve polled their panel of leading economists, is for the monthly GDP figure for the final quarter of 2018 to come in at

U.K. GDP growth data, combined with other high impact releases and the ongoing Brexit debacle, could cause sterling pairs to whipsaw during Tuesday’s London trading session Read More »

Focus will remain on the U.K. pound, during the trading week beginning March 10th, as three critical Brexit votes will be held in the U.K. parliament

Forex Trading Articles, Market Commentaries, Morning Roll Call, Uncategorized

The trading week ending March 8th, finished with a shock statistic; the latest NFP jobs data for February (from the USA’s BLS), revealed that only 20,000 jobs were created during the month. The main USA equity indices sold off on the news, capping a week of losses, with all sessions, from Monday to Friday, closing

Focus will remain on the U.K. pound, during the trading week beginning March 10th, as three critical Brexit votes will be held in the U.K. parliament Read More »

China’s poor trade figures sends shockwaves through equity and currency markets

Forex Trading Articles, Market Commentaries

China’s authorities published desperately poor: import, export and trade balance data during the Asian trading session, leading to a significant sell off in Chinese equity markets and a rush into yen, as a safe haven option. China’s exports fell by -20.7% year on year up to February, imports fell by -5.20%, whilst the trade balance

China’s poor trade figures sends shockwaves through equity and currency markets Read More »

Euro slumps, as the ECB keeps the key interest rates unchanged, but add further monetary stimulus to the Eurozone economy

Forex Trading Articles, Market Commentaries, Morning Roll Call

As widely predicted, the ECB announced on Thursday that the key interest rate would remain at 0.00%, with the deposit rate remaining locked in NIRP territory, at -0.4%. During the President of the ECB (Mario Draghi’s) press conference, he outlined how the central bank would continue to provide monetary stimulus, through subsidised investment bank lending,

Euro slumps, as the ECB keeps the key interest rates unchanged, but add further monetary stimulus to the Eurozone economy Read More »

The latest NFP jobs number, is expected to fall back dramatically, from January’s figure

Forex Trading Articles, Market Commentaries

On Friday March 8th, at 13:30pm U.K. time, one of the main American statistics agency, the BLS (Bureau Of Labor Statistics), will publish its latest data concerning jobs numbers. Referred to as the NFP data, non farm payroll numbers, this metric is one of the most closely watched data series on the economic calendar, pertaining

The latest NFP jobs number, is expected to fall back dramatically, from January’s figure Read More »

Aussie dollar fails to launch as Australia publishes a record trade surplus. FX traders turn focus to Eurozone GDP and the ECB monetary policy, forward guidance

Forex Trading Articles, Market Commentaries

Australia’s trade surplus surged to $4.55 billion in January 2019, from an upwardly revised $3.77 billion registered in the previous month of December 2018. Beating the market forecast of a surplus of $3 billion, whilst printing the largest trade surplus in Australian history. Exports leapt by 5% MOM, to print a record all-time high of

Aussie dollar fails to launch as Australia publishes a record trade surplus. FX traders turn focus to Eurozone GDP and the ECB monetary policy, forward guidance Read More »