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Jan 18, 21 •
1826 Views •
Market Commentaries •
saed shalabi
Comments Off on Q4 2020 earnings reports could dictate market direction this week
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,...
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Jan 17, 21 •
2680 Views •
Forex Trading Articles •
saed shalabi
Comments Off on Going straight to a straight-through processing FX broker is the right process
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...
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Jan 15, 21 •
2285 Views •
Is The Trend Still Your Friend •
saed shalabi
Comments Off on WEEKLY MARKET SNAPSHOT 18/01 – 22/01 | MARKETS LOOK TOWARDS THE BIDEN INAUGURATION WHILE EUROPEAN PMIS COULD PROVIDE SHOCKS
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...
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Jan 15, 21 •
2293 Views •
Market Commentaries •
saed shalabi
Comments Off on Germany records its first recession since 2009, while unemployment increases by almost one million in a single week
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...
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Jan 14, 21 •
1998 Views •
Market Commentaries •
saed shalabi
Comments Off on US inflation rises as does the US government deficit, USD rises consequently
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...
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Jan 13, 21 •
1896 Views •
Market Commentaries •
saed shalabi
Comments Off on USD slips versus its peers, as GBP/USD approaches the two-year high printed last week
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...
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Jan 12, 21 •
1967 Views •
Forex Trading Articles •
saed shalabi
Comments Off on Letting your profits run might be a flawed forex trading strategy
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...
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Jan 12, 21 •
1921 Views •
Market Commentaries •
saed shalabi
Comments Off on US equity markets slip from record highs, USD continues its recent rise versus main peers
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%...
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Jan 11, 21 •
1992 Views •
Market Commentaries •
saed shalabi
Comments Off on Equity markets and USD appear primed to rise during the coming week
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...
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Jan 8, 21 •
2083 Views •
Is The Trend Still Your Friend •
saed shalabi
Comments Off on WEEKLY MARKET SNAPSHOT 11/01 – 15/01 | GLOBAL EQUITY MARKETS ROAR BACK TO LIFE IN THE FIRST WEEK OF 2021, AS INVESTORS BANK ON A VACCINE-BASED RECOVERY
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...
