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Jul 23, 19 •
2815 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Trading without stops can it ever make sense or is it reckless?
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...
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Jul 23, 19 •
2541 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Sterling faces scrutiny as new U.K. prime minister is announced yen falls as BOJ hints at further easing
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...
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Jul 23, 19 •
3424 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Major currency pairs trade in tight ranges as DJIA equity market trades sideways
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...
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Jul 22, 19 •
2527 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on In a quiet day for economic calendar news focus will turn to GBP as the Tories complete their leadership vote ballot
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...
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Jul 22, 19 •
3390 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on 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
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...
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Jul 19, 19 •
2599 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Oil rises after Iran drone shot down, global markets rise as bets increase the FOMC will announce a rate cut on July 31st
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...
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Jul 19, 19 •
3276 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. equity indices recover, oil slips as tension eases while USD slumps
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...
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Jul 18, 19 •
2631 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on How saying hi to higher-highs helps you to determine bullish sentiment
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...
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Jul 18, 19 •
2445 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on 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
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...
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Jul 18, 19 •
3238 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. equity indices register a second day of losses as investors seek refuge in gold as a safe haven
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...