Zahir Shah

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 »

U.K. pound rises as a no deal Brexit looks unlikely, yen slips as Japan’s machine orders collapse, Aussie dollar falls as Westpac sentiment reading collapses

Forex Trading Articles, Market Commentaries

Sterling rose marginally, versus several of its main peers during the early part of the London-European session, as a consequence of the vote scheduled to be conducted later on Wednesday afternoon. MPs will get a chance to vote down a no deal Brexit, effectively forcing Parliament to find an alternative exit mechanism. However, there’s a

U.K. pound rises as a no deal Brexit looks unlikely, yen slips as Japan’s machine orders collapse, Aussie dollar falls as Westpac sentiment reading collapses Read More »

Sterling stabilises after the U.K. government loses crucial Brexit vote by a huge majority. U.S. dollar falls versus major peers

Forex Trading Articles, Market Commentaries

Sterling experienced modest losses during Tuesday morning’s London trading session, losses that that were accelerated, after the government’s attorney general confirmed the additional words, attached to the original withdrawal agreement, were ineffective and pointless. GPB/USD slumped by circa 200 pips, as FX traders and analysts quickly and correctly judged, that the revised motion had very

Sterling stabilises after the U.K. government loses crucial Brexit vote by a huge majority. U.S. dollar falls versus major peers Read More »

Sterling maintains its Brexit, optimism, momentum, euro also experiences a Brexit related bounce, as U.S. dollar slips in early European trading

Forex Trading Articles, Market Commentaries

The U.K. pound continued the bullish direction it developed on Monday evening, as a consequence of the additional wording tagged onto the Brexit withdrawal agreement, which could give comfort to doubtful MPs, regarding the obstacle of the Irish backstop. The U.K. Parliament is due to vote on the revisions on Tuesday evening, at approximately 7:00pm.

Sterling maintains its Brexit, optimism, momentum, euro also experiences a Brexit related bounce, as U.S. dollar slips in early European trading Read More »

U.K. pound rises on Brexit optimism, USA equity market indices surge as Trump slashes taxes in his budget statement

Forex Trading Articles, Market Commentaries, Morning Roll Call

The U.K. pound surged during the latter stages of the New York session, as the U.K. prime minister flew off to Strasbourg to meet with the E.U. Brexit negotiating team. Unfounded rumours had circulated around Westminster during Monday afternoon, that the E.U. had finally relented and were prepared to deliver a compromise, ensuring that the

U.K. pound rises on Brexit optimism, USA equity market indices surge as Trump slashes taxes in his budget statement Read More »

Yen falls as Japanese machine tool orders collapse, euro stabilises despite German industrial production slipping

Forex Trading Articles, Market Commentaries

Fears over the strength of the Japanese economy and doubts regarding its ability to weather the storm caused by China’s economy slipping, reappeared during the Asian session, as the latest machine tool orders fell sharply, whilst missing the forecast by some distance. In the month of February (YoY), the orders figure fell by -29.3%, after

Yen falls as Japanese machine tool orders collapse, euro stabilises despite German industrial production slipping Read More »

U.K. GDP growth data, combined with other high impact releases and the ongoing Brexit debacle, could cause sterling pairs to whipsaw during Tuesday’s London trading session

Forex Trading Articles, Market Commentaries

At 9:30am U.K. time on Tuesday March 12th, the official U.K. statistics agency, the ONS, will reveal the latest data regarding U.K. GDP growth. The forecast from the Reuters news agency, after they’ve polled their panel of leading economists, is for the monthly GDP figure for the final quarter of 2018 to come in at

U.K. GDP growth data, combined with other high impact releases and the ongoing Brexit debacle, could cause sterling pairs to whipsaw during Tuesday’s London trading session Read More »