WTI oil slumped by circa 4.0% at one stage during the New York trading session after Iran’s foreign minister talked about a “path to new talks” and President Trump stated in a cabinet meeting on Tuesday that he’s “not looking for regime change” in the country. At 20:25pm U.K. time WTI oil traded at $58.05 […]
It’s wrongly assumed that many FX brokers operate a short-term view of the retail trading industry. The widely held consensus is that they operate a churn process, in as much as they’re looking to rake in as much as possible from their clients in a short a period of time. The theory of churn is
On Wednesday July 17th several countries’ statistics agencies will publish their latest data on CPI (consumer price inflation). These data releases are usually considered to be high impact calendar events due to their ability to move the markets in the respective countries’ currencies, particularly if the figures beat or miss the news agencies’ forecasts. FX
A day of inflation reports could cause fluctuations in the value of GBP, EUR and CAD Read More »
The two currencies considered to be safe havens for investors and FX traders alike rose during the early trading sessions on Tuesday, as both the Swiss franc and Japanese yen registered gains versus the majority of their peers. The globe’s reserve currency, USD, also rose against its currency peers. At 8:45am U.K. time the dollar
Investors and traders of USA equities struggled to discover renewed justification to push the leading indices above the recent highs during Monday’s New York session, at 19:00pm U.K. time the SPX traded down -0.10% as the NASDAQ tech-index traded up 0.04% posting a new record intraday high of 8,264. Although the main U.S. markets are
Ambition should always be tempered with reality. When curious and pro-active investors first discover retail forex trading as an initial hobby, it’s inevitable they dream of reaching for the stars. That ambition and vision shouldn’t be discouraged as without it you’d have very little motivation to trade. You enter this industry to become financially independent,
Don’t ignore the evidence, part-time forex traders are the most successful Read More »
China’s year on year GDP growth came in as forecast by Reuters at 6.4%, the quarterly figure of Q2 did beat the 1.5% forecast by coming in at 1.6%, ahead of the Q1 reading of 1.4%. Analysed in isolation the Q2 figure was the lowest in 27 years, since 1992. The improvement between the Q1
The U.S. equity markets maintained their gravity defying rises last week as the DJIA, SPX and NASDAQ indices all continued to take out record highs. It’s worth noting that the DJIA finally broke through the 20,000 level in January 2017 and here we are, thirty months later and 27,000 has been breached representing a thirty-five
Over the past 24 hours the media has reported that an A.I. robot named “Pluribus” has managed to beat multiple players at Poker. The research was jointly undertaken by Facebook and the Carnegie Mellon University in Pittsburgh, Pennsylvania. Pluribus has been built on the technique originally used to create Libratus, a poker playing A.I. that
What a Poker beating algorithm can teach FX traders Read More »
Since the June FOMC meeting minutes were released, during Jerome Powell’s delivery of his testimony on Capitol Hill in front of a finance panel, USD has fallen versus its peers as investors and traders have increased their bets that the interest rate will be cut by up to 0.5%, at the culmination of the July
U.S. dollar slips versus its peers, Bitcoin survives Trump’s first major criticism Read More »
