One of the significant macroeconomic issues currently dominating western markets looks as if it’s finally heading for a resolution while another appears set for a further extension. Pandemic Relief Bill will get agreed according to Democrats News emanating from USA news wires over the weekend suggested the Pandemic Relief Bill will be agreed in full […]
There are times if you trade forex, indices and commodities when the macroeconomic issues overshadow the events listed on your economic calendar. The current situation should serve as a prompt that your fundamental analysis skills and knowledge must extend beyond the data, decisions and events you see on the daily calendar. Two predominant issues currently
On Thursday, the ECB (European Central Bank) kept rates unchanged and agreed to increase the Pandemic Emergency Purchase Programme by an extra €500 billion to €1.85 trillion and extend it to the end of March 2022 to maintain liquidity and shore up the pandemic ravaged economy. The euro rose on the news while Germany’s DAX
Euro reacts positively to the ECB decision to extend stimulus Read More »
If you’ve noticed that the euro has risen significantly versus its peers during 2020, then you’re not alone. Euro trading volatility has been higher than in previous years. Versus nearly all its main peers, the single trading bloc’s single currency has gained ground this year. The pandemic and Brexit have secured and anchored the value
Less can be more when you trade forex Read More »
The UK prime minister headed to Brussels on Wednesday to seek a last-minute deal from Europe as the Brexit clock ticks down. The UK continue to use the distraction of fishing rights and sovereignty as the stumbling blocks, and that pitch and deflection probably work on the readers of the low brow red-top newspapers in
Novice FX traders are naturally very eager to trade the markets, and this impatience often causes them to overlook the importance of creating a trading plan as soon as possible. In some ways, this oversight is understandable because it’s a chicken and egg situation with forex; you can’t make a trading plan until you know
Are you sticking to your trading plan, if not, why not? Read More »
Another trading day and both the SPX 500 and the NASDAQ printed record highs. The catalyst for the fresh peaks were the UK/Pfizer Covid vaccine roll-out and progress made on the approximate $1 trillion fiscal stimulus package the US Senate is looking to seal this week. At 9 pm UK time, the SPX traded up
Many of us use modelling to gain success. We observe who’s been successful in a particular career, and we model ourselves on that person. You might want to be the next Warren Buffett, so you look at how he invests, what investments he makes and crudely copy him. It’s a bit tricky because he’s been
The surgical precision of the FX trader Read More »
Sterling fell by over 1% from last week’s two-year high to trade as low as $1.328 during Monday’s trading sessions, before trimming some losses to trade around $1.33 during the New York session. The currency pair GBP/USD traded in a wide range, breaching the third level of support to slump to a low not seen
GBP-USD falls from two year high due to Brexit concerns Read More »
Many cliches and phrases have developed in the retail FX trading community, and several stand up to the test of time. Some of the more poignant expressions you’ll see stamped on trading t-shirts as well as our consciousness, yes, some websites do sell these t-shirts. “The trend is your friend until it bends at the
Trading what you see on your FX charts not what you think is highly relevant right now Read More »
