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 be cut by up to 0.5%, at the culmination of the July […]
U.S. dollar slips versus its peers, Bitcoin survives Trump’s first major criticism Read More »
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 seen since the depths of the Great Recession. However, many funds and
DJIA breaches record 27,000 as U.S. deficit misses forecasts Read More »
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 traders would suggest the markets are unpredictable, but they’ll also cite this issue doesn’t necessarily
Don’t buy into the claim that FX traders can be fooled by randomness Read More »
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 released on Wednesday evening which also indicated the continuation of a dovish stance, added
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 up on Capitol Hill. In a deliberately leaked part of his statement and
U.S. dollar sells off as equity indices rise after Jerome Powell’s testimony Read More »
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 testimony in front of a finance panel in Washington, investors will also
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 pair referred to as “cable” traded down -0.40%. Although
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 on what can be a random distribution of results) you’re just as likely
How the gambler’s fallacy can creep into FX traders’ mindset Read More »
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 under close scrutiny as the key data is released pertaining to
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 of 2019. This dollar bullishness has continued into Tuesday’s
