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Aug 6, 19 •
2452 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on The observations novice forex traders should record for each and every trade
Ensure that you document the precise entry point for every trade you take. Record how close to the quote your trades are filled, whether or not you experience any slippage and how consistent the spreads are during various times of the session, or during times...
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Jul 26, 19 •
2783 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Focus turns to the latest Q2 GDP growth figures for the USA for clues as to the direction the FOMC monetary policy will take.
FX analysts and traders will scrutinise the latest Q2 annualised GDP data for the USA economy when it’s published at 13:30pm U.K. time on Friday afternoon. The expectation is for the figure for Q2 to come in at 1.8% falling from 3.2% in Q1. If the forecast...
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Jul 26, 19 •
3810 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Euro whipsaws in wide ranges after the ECB’s confusing signals, USA equity markets fall as FOMC interest rate bets fade
The euro experienced whipsawing price-action versus its peers during the afternoon sessions as the ECB announced its rate setting decision and outlined a new direction in terms of forward guidance. Rather than announce an interest rate cut in the short-term,...
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Jul 25, 19 •
2790 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on If the forecast for USA GDP is met then the FOMC could react next week by slashing the key interest rate to 2.00%
At 13:30pm U.K. time on Friday July 26th the latest annualised QoQ GDP figure for the USA economy will be published. The metric covers the time period up to the second quarter of 2019, Q2. The figure is not the estimate it’s the actual and final reading...
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Jul 25, 19 •
2718 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on The Aussie dollar falls as RBA Governor commits to low interest rates for an extended period, focus now turns to the ECB this afternoon
Central bank’s’ decision making will continue to make headlines during Thursday’s trading sessions. Focus was on Australia’s central bank in the early hours and during the afternoon session market attention will shift to the Eurozone’s central bank,...
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Jul 25, 19 •
3525 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. equity market investors ignore the USA manufacturing PMI which indicates potential recession, to print new record highs.
There are several red lights currently flashing for the U.S. economy, but when investors are locked into the herd mentality of risk-on sentiment and behaviour, many of the key economic fundamentals which analysts respect tend to be ignored. On Wednesday the...
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Jul 24, 19 •
2664 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Are all forms of technical analysis fallacies or do some stand up up scrutiny?
After several decades of intense and heated discussion, the jury is still out and unable to reach a verdict in relation to the efficiency and effectiveness of technical analysis (TA). The opinions are generally binary and polar opposites; some FX analysts and...
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Jul 24, 19 •
2222 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Will the ECB announce more stimulus on Thursday afternoon as the interest rate decision is revealed?
On Thursday July 25th at 12:45pm U.K. time the ECB will reveal its decision regarding the key interest rates for the single trading-bloc the Eurozone. After polling their panels of economists both the major news agencies, Reuters and Bloomberg, are of the...
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Jul 24, 19 •
2613 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Asian markets rise as China-USA trade talk optimism rises euro slips as PMI readings for the Eurozone miss forecasts
Equity markets in the Asia-Pacific region mostly closed up on Wednesday morning following the rises on Wall Street on Tuesday, due to reports that trade negotiations between Beijing and Washington will restart next week. Bloomberg reported on Tuesday that...
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Jul 24, 19 •
3281 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Dollar index rises to five week high, sterling whipsaws after new P.M. is announced WTI oil rises
In contrast with Monday’s quiet trading sessions, during Tuesday’s sessions the FX markets displayed healthy movement and provided extensive price-action opportunities for day-traders to bank profit. The dollar index rose to a five week high as investors...