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Apr 12, 19 •
3516 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on USA records a low of unemployment claims not seen since 1969, USA equity markets trade in tight ranges, as global trade fears hit investors’ sentiment.
The USA statistics agency, the BLS, reported a weekly unemployment claims number so low on Thursday afternoon, that statisticians had to refer back to 1969 to find such a comparable small reading. Only 196k Americans filed an unemployment claim during the...
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Apr 11, 19 •
3263 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on If you’re planning to quit retail FX trading, you might want to read this article before you finally give up.
It’s worth starting at the end of the article title, as none of us like to simply “give up”. There’s something about: quitting, walking away, surrendering, that should never fit comfortably with you psyche. Imagine for a moment, if you gave up easily...
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Apr 11, 19 •
3893 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Inflation rises in China, raising hopes that growth may be recovering, U.K. gets another Brexit extension.
China’s year on year CPI figure came in right on forecast, at 2.3% up to March, rising from 1.5% in February. Analysts immediately began to ponder if the globe’s second largest economy, might be entering a recovery mode, after its most recent GDP figures...
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Apr 11, 19 •
2795 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.K. gets its Brexit extension, ECB’s Draghi delivers a dovish statement, FOMC continues to adopt a “wait and see” monetary policy.
As predicted, by the economists polled by Reuters and Bloomberg, the ECB announced they had kept the key interest rate unchanged at 0.00% and the deposit rate fixed at -0.4%, at the culmination of their committee meeting. Later in the afternoon, during his...
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Apr 10, 19 •
1769 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Is skill an overrated concept when discussing and trading FX?
As an FX trader, what do you think of when you consider the word “skill”? You may think of a sportsman, or woman with exceptional skills. Perhaps you’d conjure up thoughts of world class tennis players such as; Serena Williams, or Roger Federer. Or...
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Apr 10, 19 •
2157 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Focus turns to central bank committee decision making, as the ECB reveals its latest interest rate decision and the FOMC/Fed publishes its minutes from its March meeting.
On Wednesday afternoon, the value of sterling will come under intense focus and increased speculation, as an emergency E.U. summit decides what extension they’re prepared to offer the U.K. in order for the country to delay its exit from the European Union,...
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Apr 10, 19 •
1841 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Yen rises versus peers, as safe have appeal increases due to the IMF lowering global growth forecasts, GPB/USD whipsaws in synergy with Brexit developments.
Japan’s yen rose versus several of its main peers during Tuesday’s trading sessions, its safe haven appeal was elevated as a consequence of the IMF severely cutting its predictions, regarding global growth for 2019. The International Monetary Fund cut its...
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Apr 9, 19 •
2150 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Oil surge causes commodity currencies to rise at the expense of USD, GBP rises versus peers as analysts believe Brexit date will be extended.
The value of the U.S. dollar has been hit by two factors, during trading over recent sessions; the overall risk on market mood, as a consequence of a potential favourable outcome in the China-USA trade talks, combined with the rise in the value of oil and...