After experiencing a relief rally on Monday, based on the Australian general election resulting in no change of government, the Aussie dollar gave back its gains versus its peers, during the Sydney-Asian sessions, after RBA Governor Lowe suggested a rate cut (from the current record low of 1.50%) was likely to be announced, at the […]
GBP/USD traded in a tight range, near to the daily pivot point, during Monday’s trading sessions, as FX analysts and traders attempted to price in both the latest Brexit issues and Tory government chaos. At 20:30pm U.K. time GBP/USD traded at 1.272, up 0.05% on the day. Trading down -1.89% monthly, the major pair often
There are several indicators that help FX traders and traders of many other securities, to identify what are referred to as “oversold”, or “overbought” conditions. The most popular indicators for pinpointing the two extremes of market behaviour, are the RSI and the stochastic oscillator. The stochastic indicator is often referred to as “stochastics”, a reference
Election polling firms are often subjected to criticism, based on accusations that their data is weaponised, to create lazy, click bait, journalism. Many firms’ methodology is described as unreliable and doesn’t stand up to robust scrutiny. There is mounting evidence of polls being consistently out of step with sentiment and Australia’s general election over the
The phrase “risk on risk off” is a phrase often used by FX analysts and traders. Also referred to as “RORO”, the concept relates to the prevalent mood and market sentiment. If the overall market sentiment is bullish, it’s described as “risk” on; investors and traders are prepared to take risk and begin placing risk
The weekly economic calendar events begins early Monday morning during the Asian session, with the publication of the latest Japanese GDP figures, Reuters expect the key metric to come in at -0.1% for the first quarter of 2019, resulting in a year on year annualised QoQ fall to -0.2%, from 1.9%. Business spending is forecast
A combination of: the risk on tone experienced over recent trading sessions, an easing of tariff rhetoric, bullish economic indicators and the Fed’s comments, ensured the USD has remained near two week highs versus the basket of currencies, which make up the DXY, dollar index. The primary reason the dollar rose on Thursday and maintained
Trading educators and analysts often use the phase “trading noise”. It refers to trading in ranging markets, as price is moving sideways, whilst you’re also trying to squeeze profit out of the market, often during times when there’s a general lack of volatility. However, based on the widely held view that FX markets range more
One FX trader’s noise can be another trader’s symphony. Read More »
Sterling sold off versus several peers during Thursday’s sessions as the Brexit debacle enters new realms of farce, which are now threatening the very governance of the U.K. The day’s drama involved Theresa May appearing before a committee to encourage her to resign, rather than be hounded out by fer fellow Tory MPs. The 1922
The Aussie dollar slipped versus its peers as the headline unemployment rate for Australia came in at 5.2% for April, a rise from 5% for March. Employment fell by -6.3k in the month, versus a 49.2k additional jobs created in March. Analysts and FX traders quickly moved to downgrade the value of AUD, whilst questioning
