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Jul 9, 19 •
2340 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on FX markets trade in narrow ranges with an absence of price action, leaving many FX traders frustrated and benched
Forex traders experienced frustration during Monday’s trading sessions as price action amongst the majority of currency pairs was thin on the ground. Price of the major currency pairs mostly traded in narrow ranges, moving sideways and offering up very...
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Jul 8, 19 •
2267 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on How the law of large numbers could be applied to FX trading
Many successful traders quickly establish the impact probability has on their trading outcomes. However, the vast majority of traders fail to investigate or fully rationalise the impact the phenomenon of probability has, they’ll also neglect to realise how...
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Jul 8, 19 •
1787 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Japanese core machine orders find reverse gear, as Germany’s exports engine sparks into life.
Japanese equity markets slipped during the Asian trading session, as disappointing machine orders data dented confidence that the Japanese economy can manufacture an improvement over the current 0.9% annual GDP growth. For May core machine orders came in at...
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Jul 8, 19 •
1794 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on The USA and U.K. will be the focus for high impact calendar events this week.
The U.S. equity markets suffered a minor and temporary blip on Friday July 5th after the surprise NFP job creation number for June beat forecasts by some distance, the report suggested that the USA is currently experiencing a boom in employment prospects....
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Jul 5, 19 •
3043 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Wisdom of the crowd
We acknowledge that the forex market is the largest global trading market there is. As an entity that turns over circa $5 trillion each trading day, we could also put forward a claim that it’s the greatest example of efficient market hypothesis there is....
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Jul 5, 19 •
2034 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on German factory orders continue to collapse, focus turns to NFP data
Germany’s latest manufacturing factory orders continued to free-fall according to the latest data reported by Germany’s statistics agency Destatis on Friday morning. Month on month orders slumped by -2.2% for May, year on year orders have fallen by -8.6%....
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Jun 4, 19 •
3480 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Gold rises to highest level since February, markets begin pricing in FOMC rate cuts in 2019, FAANGS lose their bite.
XAU/USD rose through the $1,330 per ounce level for the first time in several months, during Monday’s trading sessions. Investors and traders sought solace and refuge in the precious metal and other safe haven assets, due to the continued nervousness...
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Jun 3, 19 •
5173 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on “Sell in May and go away”, if only it was that easy.
The phrase “sell in May and go away” is thought to originate from an old English saying; “sell in May and go away and come on back on St. Leger’s Day.” This phrase refers to the custom in previous times when: aristocrats,...
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Jun 3, 19 •
3408 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Will the RBA, Australia’s central bank, cut the cash rate to 1.25% from 1.50%, and how will Aussie dollar react if they do?
At 5:30am U.K. time, on Tuesday June 4th, the RBA, Reserve Bank of Australia, will announce its decision regarding the country’s key interest rate. The RBA kept the cash rate at a record low of 1.5 percent at the culmination of their May meeting, extending...
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Jun 3, 19 •
2771 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Japan’s equity indices are close to rubbing out year to date gains, USA equity indices futures indicate negative open, U.S. dollar flat, whilst Swiss franc gains.
As President Trump boarded the famous airforce one presidential jet, to come to the U.K. for a three day state visit, he had already fired off a volley of controversial statements. He reaffirmed his support for Tory leadership candidate (and de facto prime...