On Wednesday February 13th, both the U.K. and USA statistics agencies will publish the latest metrics relating to inflation, for their respective economies. Inflation figures rank as high impact economic calendar events, due to their ability to move FX markets, particularly if the actual figures which are printed, miss or beat the forecasts from agencies […]
Global equity markets were cheered overnight, as news filtered down that the USA government had avoided an upcoming shutdown, after a budget was agreed by congress for border security. The agreed congress funding of $1.4b for border security, falls far short of the $5.7b of funding Trump wanted approved, to specifically build his infamous wall,
The U.K. statistics agency, the ONS, provided a shock statistic for the U.K. economy on Monday morning. The GDP growth came in at -0.4% month on month for December, missing the expectation of 0.00% growth. It should be noted that historically, in an economy such as Britain’s; driven by services and consumption, the final month
GPB/USD slumps as U.K. GDP contracts and the U.K. government makes no progress on Brexit Read More »
At 1:00am, on Wednesday February 13th, during the early part of the Sydney-Asia trading session, New Zealand’s central bank, the RBNZ, will broadcast their decision with regards to the bank’s key interest rate. Referred to as the OCR or official cash rate, the current rate is 1.75%, and according to the economists polled by Reuters
FX traders have to rapidly become conversant with many new concepts and the language that accompanies the various concepts. Not only do you have to learn the language of technical and fundamental analysis, you also have to quickly get up to speed with various phenomenon that can have an impact on your trading. Getting your
The U.S. dollar traded close to a six week high, versus a basket of its currency peers, during the overnight and early morning trading sessions on Monday February 11th. The upcoming USA-China trade talks begin this week, with the aim of discouraging the Trump administration from implementing the threat of sanctions, on a further $200b
Since experiencing a significant slump in December, USA, European and Asian equity indices have made significant recoveries in 2019. The potential resolution, to the ongoing tariff driven trade war between the USA and China, has provided the calm to pour over the previously, highly inflammable and volatile markets. But the current benign situation could be
Whipsawing FX markets, represent some of the most challenging trading conditions traders can face. Inexperienced traders, who are unfamiliar in witnessing such rapid change, can experience elevated levels of stress and perhaps incur unnecessary and avoidable losses, during periods when the markets become volatile and highly unpredictable. Coping with such FX market behaviour involves identifying
How to cope with and trade FX markets when they whipsaw Read More »
After a recent raft of negative data relating to Germany has been published, combined with economic calendar readings that have missed forecasts, the German economy has finally printed metrics that beat the forecasts, perhaps alleviating concerns that the economy might fall into recession. It must be noted that German data can be impacted by seasonal
The commentary regarding Brexit has varied dramatically over recent weeks, depending on where you obtain your news. Arguably, the most accurate and unbiased coverage, comes from the financial media, where they have no axe to grind politically. It’s the economics that’s at the forefront of the opinion formers who write for: Reuters, Bloomberg and the
