Nidal Thuminat

Trading without stops can it ever make sense or is it reckless?

Forex Trading Articles, Market Commentaries

Many traders in the FX retail trading community will trade without any form of stops. Surprisingly, these aren’t necessarily naive or inexperienced traders, some are actually experienced traders who will attempt justify why they prefer to trade without stops. The reasons they deliver are various and fascinating. Some will cite that various brokers and the […]

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Sterling faces scrutiny as new U.K. prime minister is announced yen falls as BOJ hints at further easing

Forex Trading Articles, Market Commentaries

Between 11am and 12am U.K. time the U.K. government and Tory party is set to reveal who their voter base has chosen as their next leader and consequently the British prime minister. The odds-on favourite is Boris Johnson whose insistence that under his stewardship the U.K. would be prepared to exit the European Union by

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Major currency pairs trade in tight ranges as DJIA equity market trades sideways

Forex Trading Articles, Morning Roll Call

The price-action opportunities for day traders who specialise in trading the major pairs singularly were scarce during Monday’s trading sessions as the majors traded mostly in tight, sideways ranges during the day’s sessions. At 20:00pm U.K. time EUR/USD traded down -0.08%, USD/CHF up 0.02%, AUD/USD down -0.09% and USD/JPY up 0.16%. Monday was an extremely

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In a quiet day for economic calendar news focus will turn to GBP as the Tories complete their leadership vote ballot

Forex Trading Articles, Market Commentaries

The economic calendar has no medium to high impact events listed today, other than the BOJ Governor Kuroda appearing at the IMF in Washington to deliver a speech this evening. The content of the speech may concentrate on Japan’s economy, or wider global economic issues. Certain Japanese indicators such as: inflation, GDP, debt v GDP

In a quiet day for economic calendar news focus will turn to GBP as the Tories complete their leadership vote ballot Read More »

The value of GBP as a new prime minister is appointed and the value of USD and U.S. equities as GDP is printed will be the week’s main focus

Forex Trading Articles, Morning Roll Call

According to a weekend poll conducted by the polling firm You Gov, Tory voters are approximately 75% in favour of Boris Johnson becoming the next U.K. prime minister, with only 25% for Jeremy Hunt. The voting-decision will be announced on Wednesday July 24th although by Monday 22nd the Tory party hierarchy will already know the

The value of GBP as a new prime minister is appointed and the value of USD and U.S. equities as GDP is printed will be the week’s main focus Read More »

Oil rises after Iran drone shot down, global markets rise as bets increase the FOMC will announce a rate cut on July 31st

Forex Trading Articles, Market Commentaries

WTI oil had sold-off sharply on a weekly basis as the tensions relating to safe sea-passage of energy through the straits of Hormuz, the busiest shipping-lane for the transport of oil on the planet, reduced significantly. However, tensions were suddenly escalated on Thursday evening as news broke that a USA warship shot down a drone

Oil rises after Iran drone shot down, global markets rise as bets increase the FOMC will announce a rate cut on July 31st Read More »

U.S. equity indices recover, oil slips as tension eases while USD slumps

Forex Trading Articles, Morning Roll Call

After beginning the New York session in negative territory the main U.S. equity indices recovered towards the end of the session, to register closing gains on Thursday July 18th. The DJIA closed up 0.03% with the SPX up 0.35% and the NASDAQ up 0.17%, ending a three-day losing streak. Moving aside the fears that the

U.S. equity indices recover, oil slips as tension eases while USD slumps Read More »

How saying hi to higher-highs helps you to determine bullish sentiment

Forex Trading Articles, Market Commentaries

Eventually novice traders begin the laborious task of stripping their charts back to their initial, naked, vanilla appearance. This generally occurs after they’ve experimented with many individual indicators and clusters of indicators in search of a winning formula which could form part of an edge. It takes time to realise how risk and probability will

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Weak Japanese import-export figures hit yen, Australian job data impacts on Aussie dollar, GBP rises as U.K. parliament looks to prevent no-deal exit

Forex Trading Articles, Market Commentaries

As analysts await Japan’s latest CPI figure to be published in the early part of Friday’s Asian session, the latest import-export figures for the globe’s fourth largest economy indicated that the country is struggling to increase growth. Japan posted a trade surplus of JPY 590 billion in June 2019 compared with a JPY 728 billion

Weak Japanese import-export figures hit yen, Australian job data impacts on Aussie dollar, GBP rises as U.K. parliament looks to prevent no-deal exit Read More »

U.S. equity indices register a second day of losses as investors seek refuge in gold as a safe haven

Forex Trading Articles, Morning Roll Call

Various factors have conspired to prevent U.S. equity markets reaching new record highs over recent sessions. President Trump reigniting the tariff war threats versus China and profit taking have stalled the previous, consistent rises. However, earnings season hasn’t provided the stimulus many expected, preventing markets from breaking upwards to print higher highs. At 8:40pm U.K.

U.S. equity indices register a second day of losses as investors seek refuge in gold as a safe haven Read More »