USD endured mixed trading fortunes during Monday’s trading sessions, during a day when several FX trading centres were closed, for the extended Easter, bank holiday, trading period. At 19:45pm on Monday April 22nd, the dollar index traded down -0.10% at 97.28, whilst USD also slipped versus the euro; EUR/USD traded up 0.12%, USD/CHF up 0.12%, […]
Several FX and equity markets remained closed on Monday, during the extended Easter bank holiday weekend; Australia, Hong Kong and many of the major countries in Europe, were/are closed during Monday for the Easter holiday. Currency trading will continue globally, but the volume is expected to be extremely light. Therefore, traders who are determined to
WTI oil rises as USA threatens sanctions versus Iran’s importers Read More »
The trading week begins slowly during the late evening of Sunday April 21st, due to the long Easter weekend and the associated bank holiday days; on the previous Friday and Monday April 22nd. Consequently, the trading volume and liquidity was below the averages on Friday April 19th, across many markets, particularly FX and equity market
Sterling has struggled to make gains versus its peers, since the U.K. received an (up to) six month extension from the European council, taking the Brexit date to October 31st, unless the U.K. chooses to leave earlier, by way of a withdrawal deal being agreed in the U.K. Parliament. Retail sales for the U.K. came
Most traders know there’s four key styles of FX trading: scalping, day trading, swing trading and position trading. At one end of the spectrum is scalping; your trades typically last seconds or minutes, as you search for small price action related gains, banked extremely quickly. At the other end of the scale is position trading;
Why and how position trading in the FX market can work, if you use zero fee accounts. Read More »
USA equity indices initially looked to have continued their recent consistent risk on momentum, during the early stage of the New York trading session, as the latest trade balance figure for February came in at -$49.4b, an unexpected eight month low. However, the gains evaporated later in the session. Closer analysis of the data provided
Japan’s factory sector remained under the Markit PMI 50 level, separating contraction from expansion, extending a contraction that began in February, according to the latest survey of purchasing managers’ data, released on Thursday morning. The Japanese manufacturing PMI came in at 49.5 in April, up from 49.2. Exports are continuing to fall this month and
FX traders are typically divided into three-four distinct styles, they’re generally listed as: scalping, day trading, swing trading and position trading. Scalping is extreme, short term trading, with trades generally lasting for seconds, or minutes. At the other end of the spectrum, position traders can remain in their positions for weeks or months, as typically
China posted a year on year, first quarter GDP growth figure, of 6.4% during the Asian session, marginally beating several forecasts of 6.3% growth, whilst maintaining the growth figure of 6.4% registered in Q4 2018. The result calmed investor fears that China had suffered a deep and long term economic impact, due to the tariffs
The euro fell versus the majority of its peers during the London-European trading session on Tuesday, after several ECB central bank officials declared their belief; that the previous targets the bank had set for growth, were over optimistic. This declaration implied that the ZIRP and NIRP (negative and zero interest rate) policies would have to
