As a consequence of the: trade wars, tariffs and sanctions with the USA, China’s manufacturing base has suffered a blow, resulting in the sentiment amongst the purchase managers in Chinese manufacturing falling. The PMI missed the Reuters forecast of 49.7, by coming in at 48.3, close to a three year low. Any PMI reading below […]
Sterling made significant gains versus several of its main peers during the early weeks of January, as FX market optimism developed, that the U.K. would avoid a no deal, hard Brexit. However, that optimism was tempered after Tuesday’s vote in the House of Commons. A vote that has emboldened the Tory govt. to approach the
On February 1st, at 1:30pm, close to the opening of the New York trading session, two high impact news releases relating to the USA economy, will be published. The first release concerns the latest January unemployment rate for the U.S. The current rate is 3.9%, close to the 40 year lows, that were repeatedly printed
The majority of experienced (and by association) successful traders, will always suggest that you require a combination of both fundamental and technical analysis in order to trade the: FX, equity and commodity markets proficiently. Traders quickly learn that FX markets primarily move, due to the fundamental economic metrics, relating to the currency of the country
Simple, straightforward ideas for combining fundamental and technical analysis Read More »
As widely forecast by Reuters and other news agencies, the FOMC, headed by Fed Chair Jerome Powell, announced at the conclusion of their two day meeting, that the committee took the decision to leave the key interest unchanged at 2.5%. It was during the press conference, held half an hour later, when equity and FX
On Thursday January 31st at 10:00am U.K. time, the latest data relating to the Eurozone’s GDP growth and performance will be released, by the official stats agency, Eurostats. The current annual GDP growth rate (up to Q3 2018) is 1.6%. The forecast, according to the economists polled by the Reuters news agency, is for a
After an approximate 1% sell off, shortly after the U.K. parliament passed a vote making a no deal Brexit more likely, GBP/USD stabilised in the overnight Sydney and Tokyo FX trading sessions. Both the U.K. mainstream media and the political circus surrounding Westminster, began to digest the news and quickly reached the conclusion that Mrs
Albert Einstein is credited with saying; “Compound interest is the eighth Wonder of the World. He who understands it earns it. He who doesn’t pays it!” In a financial world of low interest rates, a situation that’s existed for close to a decade- the potential for using relatively small trading accounts in order to make
How using compound interest can grow small accounts rapidly and significantly Read More »
Trading successfully can often be described as a complete life skill and there are sections in the poem of Rudyard Kipling which relate to certain aspects of our trading; “If you can dream and not make dreams your master; if you can think and not make thoughts your aim; if you can meet with triumph
As a central bank, trying to balance the value of the currency for which your monetary policy is responsible for, is an incredibly difficult task. There’s a Goldilocks temperature; not too hot, not too cold, that’s just right for the economy. The value of the domestic currency has to: – encourage exports, – encourage imports,
