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Feb 13, 19 •
1866 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on Who are you trading for, why are you FX trading? Why you must define your trading purpose.
Many of you will have stumbled into FX trading by accident, rather than design. FX markets are not like other markets, that you’ve always been familiar with, in which you simply take a punt. The FX retail trading market can’t be compared to, for example,...
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Feb 12, 19 •
1851 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on The latest CPI figures for the U.K. and USA economy, could cause the value of sterling and the U.S. dollar to fluctuate
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...
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Feb 12, 19 •
2041 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Global markets rally as USA govt shutdown is avoided and Trump reaches out to Xi for USA-China meeting
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...
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Feb 12, 19 •
2641 Views •
Forex Trading Training, Morning Roll Call •
Zahir Shah
Comments Off on GPB/USD slumps as U.K. GDP contracts and the U.K. government makes no progress on Brexit
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...
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Feb 11, 19 •
2262 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on The RBNZ are set to announce a hold of the OCR rate on Wednesday morning, FX traders should, however, concentrate on Governor Adrian Orr’s accompanying press conference
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...
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Feb 11, 19 •
1876 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on What is FX price action, how can traders identify it and how can they potentially profit from it?
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...
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Feb 11, 19 •
1832 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on U.K. GDP growth contracts by -0.4% in December, highlighting the U.K. govt’s poor handling of Brexit
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...
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Feb 11, 19 •
1566 Views •
Forex Trading Articles, Morning Roll Call •
Zahir Shah
Comments Off on The March 2nd deadline for further Chinese tariffs has come onto investors’ radar, whilst the U.K. ONS publishes the latest data on GDP
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...
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Feb 8, 19 •
1795 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on How to cope with and trade FX markets when they whipsaw
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...
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Feb 8, 19 •
1449 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Germany’s economy posts positive economic data, trade war fears rise as USA-China meeting cancelled
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...