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 […]
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 little in the way of trading opportunities. There was a distinct lack of high impact calendar
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 probability can be easily and practically applied to their trading decisions. For the most part the effect
How the law of large numbers could be applied to FX trading Read More »
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 -7.8% missing the forecast of -3.7%. The Nikkei index closed down circa -0.98% after rising by
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. Counter intuitively U.S. equity markets sold off sharply as the encouraging NFP data
The USA and U.K. will be the focus for high impact calendar events this week. Read More »
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. The forex market moves in perfect unison with global sentiment relating
Wisdom of the crowd Read More »
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%. The -4.3% drop in foreign orders during the month is the major cause of concern for
German factory orders continue to collapse, focus turns to NFP data Read More »
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 relating to trade wars and tariffs. At 20:10pm U.K. time, gold traded at 1,328, up
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, merchants, and bankers, would leave the polluted city of London and escape to
“Sell in May and go away”, if only it was that easy. Read More »
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 the record period of monetary policy inaction and defying any
