US equity markets closed the week out down during last Friday’s New York trading session. Investors and analysts took on board data revealing that both US consumer sentiment and retail sales are falling. Retail sales in the US slumped by -0.7% in December, after the -1.7% fall in November. The highly respected University of Michigan […]
Q4 2020 earnings reports could dictate market direction this week Read More »
There are three absolute musts for choosing which FX broker to trade with online. The broker must be NDD (no dealing desk). They must place your trades into an ECN (electronic communication network). They must provide STP (straight-through processing). These standards should be the benchmark by which you judge all forex brokers. We could add
Going straight to a straight-through processing FX broker is the right process Read More »
Although macroeconomic influence is still evident in market behaviour, fundamentals began to impact the week’s trading sessions. Data listed on economic calendars such as GDP results, import/export figures, sentiment, Fed and ECB officials’ speeches, and inflation have all started to affect markets. Market investors, traders and analysts are still making decisions based on factors such
Germany’s economy contracted -5% during 2020 according to the final GDP statistics published on Thursday morning. The contraction beat the news agency forecasts which predicted a metric of up to -5.7%. The negative reading is entirely due to the COVID-19 virus, and for context, Germany only chipped in with 0.6% GDP growth in 2019. The
Two high impact economic data affected the value of USD during the trading sessions of Wednesday 13. Inflation (CPI) came in at 1.4% annually due to a 0.4% rise month on month, an 8.4% gasoline cost rise for consumers was the main driver for the increase. The Federal budget balance beat the forecasts made by
US inflation rises as does the US government deficit, USD rises consequently Read More »
The US dollar fell versus most of its peers during the Tuesday, January 12 trading sessions. The dollar index (DXY) gave back most of the gains recorded so far during 2021 to end the day trading -0.39% down but up 0.21% year-to-date. In a negatively correlated trading pattern, cable (GBP/USD) traded up 0.91% as the
USD slips versus its peers, as GBP/USD approaches the two-year high printed last week Read More »
Forex trading can feel haphazard and chaotic at times. You can quickly eliminate these potential negative influences by exercising both self-control and trading control wherever and whenever you can. You can achieve this objective by applying a basic system of rules to your decisions. As individuals, we crave security, certainty, routine and control in many
Letting your profits run might be a flawed forex trading strategy Read More »
US equity indices fell from last week’s record highs, apparently due to investors finally beginning to question quoted firms’ fundamental valuations as analysts start to audit earnings during the approaching earnings’ season. The SPX 500 fell by -0.52% and the DJIA 30 only -0.29%. These are modest falls relative to the record-breaking streak all major
COVID-19 will continue to dominate the headlines over the next few weeks. Several countries have reverted to versions of the strict lockdowns they first implemented in March and April 2020. However, the US, UK and European nations are pinning their hopes on the success of mass vaccination to eradicate the virus from global society. The
Equity markets and USD appear primed to rise during the coming week Read More »
The primary US equity markets, the SPX 500, DJIA 30 and NASDAQ 100 all printed record highs during the first week’s trading of 2021. The reasons were various: the Biden-Harris inauguration approaching, the Senate run-off providing more certainty to the government and law-making process, and progress on vaccine development, although the vaccine rollouts worldwide still
