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Feb 14, 19 •
1564 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on GBP/USD whipsaws in a wide range, due to Brexit and inflation data, CPI for the USA falls due to lower energy costs
On Wednesday morning, the U.K. statistics agency, the ONS, published its latest data series and snapshot, regarding inflation for the U.K. The headline CPI inflation surprised the economists polled by Reuters, coming in at -0.8% for the month of January....
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Feb 13, 19 •
1657 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Why traders should always diarise high impact calendar events, whatever time of the day they’re published
FX trading is a global 24/5 business, it hardly ever sleeps. From Sunday evening to Friday evening, the industry, in all its facets, turns over circa $5 trillion each trading day. The FX markets are moved primarily by breaking economic news and high impact...
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Feb 13, 19 •
1468 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on German and Eurozone GDP growth figures will be carefully scrutinised, for any evidence of further economic weakening
Thursday February 14th is a busy day for high impact calendar news. Crucial data concerning: the German economy, the Eurozone and the USA economy, will be released. This is data which has the power to move markets, particularly if the forecasts by various...
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Feb 13, 19 •
1601 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Global equity markets continue the bullish momentum as trade optimism continues to build
Overnight and in the early morning Sydney and Asian trading sessions, many of the globe’s prominent equity markets continued the “risk on” rise, which has developed over recent sessions. President Trump intimated during a questions and answers session,...
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Feb 13, 19 •
1660 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Risk appetite returns as USA indices recover their December loss, USD falls as dollar safe haven appeal recedes
December 2018 proved to be an unusual and rogue month for USA equity markets, traditionally the markets rally in late December, whilst delivering the infamous Santa rally. But 2018 was different; the key U.S. markets sold off, with the NASDAQ and SPX entering...
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Feb 13, 19 •
1893 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 •
1886 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 •
2062 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 •
2670 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 •
2290 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...