FX traders will often come across the phrase, “trading noise”. It’s a highly common phenomenon and occurrence, based on the estimates that FX currency markets (and the associated pairs) trade in ranges, far more than trading in easily identifiable trends. The estimates of the variance between range and trend trading, is often put at 80-20%; […]
On Tuesday April 30th, the latest GDP readings for both the Eurozone and Canada will be published. The latest GDP growth reading for for E.Z. will be published at 10:00am U.K. time, both Reuters and Bloomberg forecast an unchanged figure of 1.1% for year on year growth to be recorded, with quarter one 2019 coming
Japanese markets will be mostly shut during an extended ten day holiday period, to honour the ascension of a new emperor. Therefore, trading in yen may be reduced as liquidity and volatility recedes. FX traders who favour trading yen, should note this factor over the coming days. Several Asian markets made positive, bullish gains during
The week’s significant economic calendar events begins on Monday April 29th, with a speech delivered by the Bank of England Governor Mark Carney, at 9:10am U.K. time in London. He’ll most likely cover the fact that U.K. GDP is holding up well, combined with the majority of key economic metrics printing positive figures, despite the
What is the FX market, what’s it for, who benefits, how can you trade it, how can you attempt to profit from it? If you converse with other FX traders, either face to face or online, you quickly begin to realise that the vast majority of retail traders have very little understanding of the underlying
If you’re an FX trader, do you really understand the Game? Read More »
The kiwi rose versus several peers during the Sydney-Asian trading session, after the latest import and export figures for New Zealand led to a significant improvement in the balance of trade. In an economy reliant on its exporting and production, the improved data has rested fears that any impact of the China v USA trade
Markets for equities in the USA experienced unusual price action, during Thursday’s New York session, as price action for the: DJIA, SPX and NASDAQ whipsawed in wide ranges, oscillating between bullish and bearish sentiment, as earnings for various corporations and data, missed forecasts. The major market surprise concerned the earnings of Tesla, whose share price
At 13:30pm, on Friday April 26th, the latest GDP growth data, relating to the USA economy, will be published. The annualised quarter on quarter figure, for the first quarter of 2019, is forecast by agencies such as Bloomberg and Reuters, to come in at 2.2%, registering no change from the level recorded for Q4 2018.
The latest GDP growth rate for the USA could cause movement in the value of USD. Read More »
The Bank of Japan has kept the interest rate at -0.1%, yen rose shortly after the announcement and during the broadcast of the BOJ monetary policy statement and the publication of their outlook report. The BOJ recommitted to its current, ultra loose, monetary policy, however, its belief that it has targeted and is confident, that
The Aussie dollar immediately slumped versus the U.S. dollar, during Wednesday’s Sydney-Asian trading session. The CPI reading (year on year) up to March came in at 1.3%, falling from 1.8%, dampening any expectation that the RBA central bank would be raising the interest rates, during the short to medium term, in 2019. AUD/USD slumped during
Australasian dollars slump, U.S. dollar rises, U.S. equities slip from record highs. Read More »
