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Jul 12, 19 •
1863 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on U.S. dollar slips versus its peers, Bitcoin survives Trump’s first major criticism
Since the June FOMC meeting minutes were released, during Jerome Powell’s delivery of his testimony on Capitol Hill in front of a finance panel, USD has fallen versus its peers as investors and traders have increased their bets that the interest rate will...
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Jul 12, 19 •
1873 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on DJIA breaches record 27,000 as U.S. deficit misses forecasts
The dislocation between the record rises in U.S. equity indices and various aspects of what could be termed “the real economy” in America continues. Many analysts have cited that outflows from the wider markets, such as from hedge funds, are at levels not...
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Jul 11, 19 •
1964 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Don’t buy into the claim that FX traders can be fooled by randomness
Forex traders on trading forums often engage in debate regarding the supposed randomness of FX markets. Many experienced traders will refute the notion that FX markets are random as it would imply they’re chaotic and impossible to trade. Other experienced...
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Jul 11, 19 •
2375 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on U.S. dollar continues its fall after Jerome Powell’s testimony and the FOMC minutes suggests rate cuts
During the Sydney, Asian and the early stages of the London-European trading sessions USD continued to fall as a consequence of the dovish comments made by Jerome Powell, during his first day of testimony in Washington on Wednesday. June’s FOMC minutes...
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Jul 11, 19 •
2048 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. dollar sells off as equity indices rise after Jerome Powell’s testimony
The SPX equity index broke through the psychological handle of 3,000 for the first time in its history on Wednesday before Jerome Powell actually delivered his testimony, during the first day of his two-day appearance in front of the finance committee panel...
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Jul 10, 19 •
1632 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on U.S. equity indices futures trade down ahead of Powell testimony NZD spikes down after Orr comments
Both the Eurozone markets and the futures markets for U.S. equity indices traded down in the early part of the London-European session. Investors in U.S. markets will be wary of taking new positions until Fed Chair Jerome Powell begins to deliver his two-day...
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Jul 10, 19 •
1797 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. dollar registers gains across the board as sterling slumps and U.S. equity indices have mixed session
GPB/USD slumped to a two year low during Tuesday’s trading sessions printing a low of 1.243, a level not witnessed since Q2 of 2017. The major pair traded in a clearly defined bearish trend, breaching the third level of support and at 20:50pm U.K. time the...
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Jul 9, 19 •
2089 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on How the gambler’s fallacy can creep into FX traders’ mindset
You’ll immediately recognise the emotions and patterns associated with the gambler’s fallacy; you have an extended series of wins or losses in the market and you begin to think that the next result will inevitably be the opposite. When in reality (based...
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Jul 9, 19 •
1813 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Sterling and both the Canadian and U.S. dollars will be under the spotlight as key economic data is published
Wednesday July 10th is an extremely busy day for medium to high impact calendar events and data releases which have the power to move the forex markets in the relevant countries’ currencies. Both the U.S. and Canadian dollars and the U.K. pound will come...
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Jul 9, 19 •
1650 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on USD rises as traders anticipate hawkish FOMC statement GBP/USD falls to six month low as U.K. economy doubts continue
The U.S. dollar continued the rise versus its peers which began on Friday when the NFP numbers beat the news agencies’ forecasts. Many traders began to increase their bets from Friday that the Fed will raise the key interest rate from 2.5% in the final half...