Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
FX analysts and traders will begin to concentrate on the latest NFP data from the USA, due to be published at 13:30pm U.K. time. The prediction from Reuters, is for the number to come in at 180k for March, which would represent a significant increase on the 20k rise in NFP jobs created in February. […]
The euro slipped versus the U.S. dollar during Thursday’s trading sessions, as Germany’s factory data published in the morning session, came in at the worst level seen in over two years; down -8.4% year on year. Despite the shock reading, the fall in EUR/USD was marginal; at 21:50pm U.K. time, the most traded, major currency
At 13:30pm U.K. time, on Friday April 5th, the latest headline NFP jobs number will be published, amongst a slew of jobs numbers published by the BLS (bureau of labor statistics) on the day. Analysts and traders will focus on the month’s data with increased concentration, based on the fact that the February number came
Wednesday’s latest instalment of Brexit drama ended with MPs in the House of Commons voting through a Bill, which will force the U.K. prime minister to approach the European Union, to ask for a longer extension. However, the E.U. is under no obligation to honour such a request, therefore, many political analysts were left confused
During Wednesday’s trading sessions, GBP/USD traded in a tight range, with a bullish bias, oscillating between the daily pivot point and the first level of resistance, as investors and FX traders analysed the latest news regarding the Brexit situation. Leaders of the two main political parties met to apparently find a method to break the
The Aussie dollar slumped versus its peers during Tuesday’s trading sessions, as a consequence of the RBA delivering a dovish monetary policy statement, by way of the Governor Philip Low. A statement which accompanied the decision to maintain the cash rate (base interest rate) at 1.5%, a record low, for a record period of inactivity.
Sterling currency pairs, such as GBP/USD, whipsawed in a wide range during Thursday’s trading sessions, in perfect rhythm with ongoing and breaking Brexit developments. The ruling Tory party held a marathon cabinet meeting from early morning, until early evening. The outcome was a 3-4 minute speech from Theresa May, in which she pleaded for cooperation
During Tuesday’s Sydney-Asian trading session, Australia’s central bank the RBA, announced the cash rate would remain at the record low of 1.5%, for a record period of inactivity; since August 2016. The Governor of the bank, Philip Lowe, delivered a statement that maintained the dovish tone the RBA had previously set in March, without recommitting
Sterling rose versus its main peers during Monday’s trading sessions, as U.K. MPs appeared to gradually move towards a consensus requiring a softer Brexit; keeping closer ties with Europe by remaining in a customs union and having access to the single market. Votes took place on an indicative basis in the House of Commons and
At 4:30am U.K. time on Tuesday April 2nd, the Australian central bank, the RBA (reserve bank of Australia), will announce its latest decision regarding the country’s key interest rate, referred to as the cash rate. The widely held consensus, from the news agencies Reuters and Bloomberg, after they’ve polled their panel of economists, is for
