May 2019

If you converse with experienced retail traders, regarding the mistakes they wished they’d avoided when they first discovered and began trading the markets, they’ll often point to understanding and applying the concepts of: money management, risk and probabilities. These three factors are inextricably linked. Successful traders, whether institutional or retail, will also state they should […]

In the overnight Sydney-Asian sessions, on Thursday night/Friday morning, a raft of data concerning Japan’s economy was published. The majority of the readings came in as forecast by Reuters, with industrial production improving. However, Japan’s retail performance fell, both month on month and year on year, whilst construction output slumped by -19.9%, with housing starts

As forex traders you’re constantly encouraged to concentrate on facts and data. You know the FX markets rise and fall, in relation to the economic calendar releases and any data which is subsequently attached to the releases. You also know that geo political/economic events, will overpower most underlying fundamental analysis and metrics. In order to

Friday May 31st, is an extremely busy day for economic calendar releases. There are several, key, high impact data releases, that will be published during Friday’s trading sessions, which have the power to impact on the value of the various currencies the data relates to. In the morning London-European session, the latest Italian GDP figure

Negative data was printed for the Australian economy during the Sydney-Asian trading session; private capital expenditure fell by -1.7% in the first quarter of 2019, whilst building approvals fell by -4.7% in the month of April, after suffering a -13.4% fall in March. Cumulatively, approvals are down -24.2%, which is a worrying development in a

After selling off sharply during the New York session, U.S. equity markets recovered marginally, as trading drew to a close on Wednesday evening. The NASDAQ closed down -0.79% and the SPX down -0.69%, after both indices had registered daily losses of circa -1.00% at one point during the session. The SPX is up 8.00% YTD

It’s interesting to note that when discussions regarding money management are raised on various FX trading forums, or through social media channels, traders rarely concentrate on the subject of transaction costs. Instead, traders will discuss: keeping their risk per trade to a minimum, the effective use of stops, where they may place their take profit

On Thursday May 30th, at 13:30pm U.K. time, the latest GDP growth figures for the USA economy will be published. According to the Reuters and Bloomberg news agencies, after they’ve polled their panel of economists for a collective opinion, the forecast is for the first quarter’s growth to come in at 0.9%, with annualised growth

In the Sydney-Asian trading session, the Kiwi dollar fell as the RBNZ broadcast its financial stability report, thereafter, Governor Orr orchestrated a press conference and appeared before a parliamentary committee, to explain the central bank’s decision making. As a consequence of the detail, FX analysts downgraded the Kiwi and traders sold off the currency, versus