-
Feb 5, 19 •
1433 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Aussie dollar rises as cash rate is maintained at 1.5%, USD/JPY rises above 110 handle, whilst services PMIs point to a European slowdown
During the overnight Sydney trading session, the RBA (Reserve Bank of Australia) announced that the key interest rate, the cash rate, would be held at 1.5%, keeping the borrowing rate at a record low, for a record period of thirty months. The statement...
-
Feb 5, 19 •
1716 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on U.K. FTSE 100 and DJIA maintain position above critical levels, despite poor domestic data for the USA and U.K.
In a relatively quiet day for medium to high impact news releases on Monday February 4th, the data that was published missed expectations and created doubts regarding the underlying strength of both the USA and U.K. economies. In the London trading session,...
-
Feb 4, 19 •
1876 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on Trading the reaction to the news release and not the actual news release, can prove to be an efficient FX strategy
FX traders eventually learn that the events listed on the economic calendar, have the power to move the FX markets. Whatever trading strategy and overall method you develop, perhaps by using some of the most popular technical indicators available, novice FX...
-
Feb 4, 19 •
2104 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on The Australian central bank is forecast to maintain the current interest rate at 1.5%.
On Tuesday February 5th at 3:30am U.K. time, the RBA (Reserve Bank of Australia) will announce its latest decision, regarding the key interest rate for the Australian economy. Referred to as the “cash rate” in Australia, the forecast, from the economists...
-
Feb 4, 19 •
2405 Views •
Forex Trading Articles, Market Analysis, Market Commentaries •
Zahir Shah
Comments Off on U.K. FTSE 100 reaches 7,000 in morning trading, Aussie dollar slips as building data disappoints the markets
The leading U.K. index the FTSE 100, breached the critical psyche level and handle of 7,000 during the early part of the London session to reach 7,040, a level not seen since early December 2018. During 2018 the index threatened to break through the 8,000...
-
Feb 4, 19 •
1958 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on Corporate earnings could dictate the performance of USA indices over the coming week, whilst sterling and the U.S. dollar will remain under focus and pressure
Despite the latest NFP numbers beating the Reuters forecast of 165K (by some distance) on Friday Feb 1st, the U.S. dollar failed to rise significantly, when the figure of 304K jobs created in January was published. Beating the forecast has to be kept in...
-
Feb 1, 19 •
1818 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on The simple trick you can play on yourself, to immediately become a highly disciplined FX trader
FX traders constantly receive advice regarding professionalism and discipline, in relation to trading and how these two factors can impact on your success. Retail FX traders will receive advice over the type of FX trading account they should open and which...
-
Feb 1, 19 •
1709 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on China’s Caixan PMI reading misses forecast, sends Aussie dollar lower, GBP/USD falls as Brexit fears hits manufacturing sentiment
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,...
-
Feb 1, 19 •
1585 Views •
Morning Roll Call •
Zahir Shah
Comments Off on GBP/USD registers largest monthly rise in a year, USD/JPY falls to two week low, as Fed appears to change monetary policy outlook
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...
-
Jan 31, 19 •
1649 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on The latest NFP numbers and the unemployment rate for the USA, could move the FX market for the USD, when released on Friday 1st
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...