It was a week of GDPs this week. The USA economy’s final GDP reading for 2020 came in at –3.5%, the worst performance since 1946 recorded during the aftermath of WW2. The Q4 metric for US GDP growth came in at 4%, right on the forecast and falling back from the blistering 33% COVID-19 recovery […]
The leading US equity markets bounced back on Thursday after experiencing a sell-off during Wednesday’s sessions. Wall Street banks and brokers voiced their relief after online brokers such as Robin Hood, Ameritrade and Interactive Brokers suspended trading in stock such as GameStop, AMC and Blackberry. These equities have been the subject of intense speculation by
The confusion and arguments over vaccinations from AstraZeneca and Pfizer between the UK and EU, negatively affected overall sentiment in all European equity markets. France’s CAC index ended the day down -1.26% while the UK FTSE 100 closed out the day down -1.37%. Germany’s DAX index plunged to a five-week low during Wednesdays’ sessions. The
Technical analysis (TA) and technical indicators can work hand in hand to provide a highly credible method to trade financial markets, particularly FX markets. When this combination gets underpinned with fundamental analysis and a comprehensive trading plan including a thorough understanding of risk and probabilities, you’ve covered all bases. You can choose from tens of
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There is a phrase in the English language that could be used in forex trading, “Jack of all trades master of none.” It refers to someone who has abilities spread across a broad range of trades and skills but isn’t an expert at one type of work. Although the phrase is considered an insult, it
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On Tuesday, European equity markets rebounded after some impressive earnings reports combined with a positive global growth report from the IMF to improve investor sentiment. Germany’s DAX index closed out the day up 1.66% while France’s CAC was up 0.93%. The euro experienced mixed fortunes during the day; EUR/USD traded up 0.19% at 8:30 pm
The German Ifo Business Climate indicator fell to 90.1 in January from the revised 92.2 recorded in December 2020, coming in below the market forecast of 91.8 as German companies voiced less optimism about the current domestic conditions. The reading appeared to impact Germany’s leading index, the DAX 30, which closed the European session out
Us FX traders are naturally impatient individuals. We want to engage with the forex market, execute our market orders and hopefully bank profit as soon as possible. This enthusiasm must be controlled and channelled constructively. We must develop the patience to succeed in the retail trading complex. If we don’t, we can self-sabotage our potential
Hope is never a forex trading strategy Read More »
It’s a busy week for economic calendar events and data releases from the USA. The Fed announces its interest rate decision on Wednesday evening. There is no expectation that the key interest rate will change from 0.25%. At the same time, investors’ attention will turn to the monetary policy announcement made by Jerome Powell (the
As human beings, we crave order and need routines; we want to conform to norms and work in structured environments. Discipline and success are inextricably linked, and FX trading illustrates these requirements more than many other ventures. Whether in work, sports, or stepping outside the convention to become an entrepreneur, you’re reducing your odds of
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