Zahir Shah

Sterling and the U.S. dollar trade in tight ranges during Tuesday’s sessions, as FX traders try to figure out Brexit, whilst predicting the FOMC rate setting narrative

Forex Trading Articles, Market Commentaries

The Brexit debacle took another twist on Tuesday, as Michel Barnier, the leading E.U. negotiator, insisted that the U.K. government’s expectation; to have the exit extended beyond the March 29th legal date agreed by Parliament, is highly presumptive. Mr. Barnier echoed the statements made recently by various other leaders and representatives of the E.U. 27; […]

Sterling and the U.S. dollar trade in tight ranges during Tuesday’s sessions, as FX traders try to figure out Brexit, whilst predicting the FOMC rate setting narrative Read More »

Market attention will turn to the FOMC rate setting decision and any forward guidance the Fed chair Jerome Powell provides

Forex Trading Articles, Market Commentaries

At 18:00pm U.K. time, on Wednesday March 20th, the Federal Open Market Committee (FOMC) will announce its latest decision with regards to the key interest rate for the USA economy. Currently at 2.5%, the widely held consensus, after news agencies such as Reuters and Bloomberg have polled their panel of analysts, is for no change.

Market attention will turn to the FOMC rate setting decision and any forward guidance the Fed chair Jerome Powell provides Read More »

Sterling recovers as FX analysts and traders game theorise the U.K. govt’s Brexit options, U.S. dollar slips as FOMC rate setting decision approaches

Forex Trading Articles, Market Commentaries

The U.K. pound recovered a proportion of its lost gains, during the Sydney-Asian session on Tuesday morning, a recovery which continued into the early hours of the London-European trading session. The sell off, which sterling suffered during Monday’s sessions, was caused as a consequence of the speaker of the House of Commons, denying the U.K.

Sterling recovers as FX analysts and traders game theorise the U.K. govt’s Brexit options, U.S. dollar slips as FOMC rate setting decision approaches Read More »

Sterling slips as Brexit situation takes unforeseen twist, USA equity indices rise, on prediction of a dovish, FOMC meeting outcome

Forex Trading Articles, Market Commentaries, Morning Roll Call

The U.K. pound began to fall versus its peers, during Monday’s early trading sessions, as FX market participants began to wake up to the fact that the U.K. is now only nine working days away from needing to find an exit solution, or crash out. However, markets were taken by surprise, as the leader of

Sterling slips as Brexit situation takes unforeseen twist, USA equity indices rise, on prediction of a dovish, FOMC meeting outcome Read More »

Sterling falls as further Brexit complications emerge, euro rises versus peers, yen slips as Japanese import and export data misses forecasts

Forex Trading Articles, Market Commentaries

Japan printed disappointing export and import data during the overnight Sydney-Asian trading session, which caused yen to sell off marginally, versus several of its major peers. Exports fell by -1.20% year on year in February, with imports falling by -6.70% year on year. Both readings could be an indication that one of the engines of

Sterling falls as further Brexit complications emerge, euro rises versus peers, yen slips as Japanese import and export data misses forecasts Read More »

Central bank interest rate decisions for the: U.K., USA and the Swiss economies, could impact on the value of the respective currencies this week

Forex Trading Articles, Market Commentaries, Morning Roll Call

The U.K. pound will be under increased focus and intense pressure during the week beginning March 17th. U.K. MPs’ concentration and attention will become heightened, as the March 29th Brexit date approaches. The U.K. government and Parliament only has two working weeks to prevent a non chaotic exit. FX traders will know more, with regards

Central bank interest rate decisions for the: U.K., USA and the Swiss economies, could impact on the value of the respective currencies this week Read More »

Japan’s central bank warns of global slowdown threat, as it maintains interest rate at -0.1%. Sterling slips marginally versus peers, as FX markets evaluate recent Parliamentary votes

Forex Trading Articles, Market Commentaries

Japan’s central bank, the BOJ, has kept its interest rate in negative territory (NIRP) at -0.1%. During Governor Kuroda’s press conference, after the announcement was broadcast, the BOJ downgraded its assessment of: exports, factory output and its trading partners’ economies. The negative assessment of the domestic economy was widely expected, as a consequence of a

Japan’s central bank warns of global slowdown threat, as it maintains interest rate at -0.1%. Sterling slips marginally versus peers, as FX markets evaluate recent Parliamentary votes Read More »

Sterling pairs trade in tight ranges as analysts and FX traders gauge the impact of latest U.K. parliament votes, USA equity indices slip, as investors bank weekly profits

Forex Trading Articles, Market Commentaries, Morning Roll Call

The chaos and confusion currently on display inside the U.K. House of Commons, was replicated in the market for the U.K. pound versus its peers, during Thursday’s trading sessions. All sterling base pairs traded in tight ranges versus their counter currencies, as analysts and FX traders struggled with the complexity of the voting patterns and

Sterling pairs trade in tight ranges as analysts and FX traders gauge the impact of latest U.K. parliament votes, USA equity indices slip, as investors bank weekly profits Read More »

China markets slip after data misses forecasts, sterling slips as FX markets weigh up recent U.K. Parliament votes

Forex Trading Articles, Market Commentaries

The Shanghai Composite index fell by -1.20% during the Asian trading session on Thursday morning, as critical data relating to the country’s economic performance, missed the Reuters forecasts. Industrial production for the globe’s second largest economy, came in at 5.6% growth (year on year) up to February, falling from 6.20% growth in the previous month.

China markets slip after data misses forecasts, sterling slips as FX markets weigh up recent U.K. Parliament votes Read More »

USA equity markets rise, WTI oil rises to 2019 high due to reduced inventories, sterling rallies as U.K. MPs vote to reject a no deal Brexit

Forex Trading Articles, Market Commentaries, Morning Roll Call

After enduring a sell off during the trading week ending March 8th, USA equity markets have rallied this week. The SPX closed at a four month high after three days of rises, reaching a level not seen since November 2018, whilst breaching the 2,800 critical handle, during Wednesday’s trading session. The durable goods data for

USA equity markets rise, WTI oil rises to 2019 high due to reduced inventories, sterling rallies as U.K. MPs vote to reject a no deal Brexit Read More »