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The RBA is predicted to keep the cash rate at its record low of 1.5%, for a record period of inactivity, however, attention will quickly turn to the monetary policy statement.

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 […]

The RBA is predicted to keep the cash rate at its record low of 1.5%, for a record period of inactivity, however, attention will quickly turn to the monetary policy statement. Read More »

Aussie dollar rises as China Caixin manufacturing index beats forecast, U.K. government in open warfare over Brexit

China’s equity markets rallied as the latest Caixin manufacturing PMI from China rose marginally, the reading for March came in at 50.8, clawing its way from the 50 level, which separates expansion from contraction. The Caixin metric followed other PMIs published on Sunday, which also beat forecasts. Analysts quickly gauged that the reading might represent

Aussie dollar rises as China Caixin manufacturing index beats forecast, U.K. government in open warfare over Brexit Read More »

A busy week for IHS Markit PMIs, a week in which the RBA announce the Australian interest rate, will eventually culminate with USA non farm payroll jobs data

Monday April 1st begins a new month and a new quarter, as a highly significant day for medium to high impact calendar news, both in Europe and the USA, will set the tone. All Monday’s data has the ability to move the market in: euro, USD and sterling and the corresponding equity indices, dependent on

A busy week for IHS Markit PMIs, a week in which the RBA announce the Australian interest rate, will eventually culminate with USA non farm payroll jobs data Read More »

U.S. dollar set to enjoy its best month in five months, sterling poised to react to latest Parliament Brexit vote

The USD dollar index was on course for a 1% rise during March and a recovery of circa 1.5% from a low on March 22nd, potentially posting its best one month rise, since making gains of circa 2.5% during October 2018. The dovish tone set by the FOMC/Fed earlier in March, as they stated any

U.S. dollar set to enjoy its best month in five months, sterling poised to react to latest Parliament Brexit vote Read More »

USA GDP growth figures and pending home sales miss forecasts, sterling slumps as Brexit confusion escalates

The latest GDP growth figures for the USA economy missed forecasts, when the latest figures were revealed on Thursday afternoon; QoQ growth for Q4 2018 came in at 2.2%, falling from 2.6% and missing the forecast of 2.4%. Pending home sales for February came in at -1.0%, with the annual sales figure coming in at

USA GDP growth figures and pending home sales miss forecasts, sterling slumps as Brexit confusion escalates Read More »

Canada’s GDP growth figures are forecast to improve

At 12:30pm U.K. time, on Friday March 29th, a Canadian statistics agency, attached to the government, will reveal the latest GDP growth figures for the Canadian economy. Currently at 1.10% measured up to December 2018, the forecast, from news agencies such as Reuters and Bloomberg, is for growth to make a significant improvement, predicted to

Canada’s GDP growth figures are forecast to improve Read More »

Asian markets slide as global trade fears rise, sterling slips as the risk of no deal Brexit rises. Turkey sparks a new crisis

Asian markets fell during the Sydney-Asian trading session, the Shanghai Composite closed down -0.92%, whilst Japan’s Nikkei index closed down -1.61%, reducing the year to date 2019 gains, for Japan’s leading index to 5.09%. The risk off tone has remained due to global trade fears and bond yields falling. Australian and New Zealand government bond

Asian markets slide as global trade fears rise, sterling slips as the risk of no deal Brexit rises. Turkey sparks a new crisis Read More »

Sterling initially rises as Theresa May agrees to resign, then falls as U.K. Parliament fails in indicative voting, USA equity indices whipsaw as balance of payments rises

The current account deficit in the United States has widened to -$134.4 billion in Q4 2018, from an upwardly revised -$126 billion gap in Q3, coming in above the news agency forecasts of -$130 billion. Registering the highest current account gap metric in ten years, The trade deficit in the USA narrowed to -$51.1 billion

Sterling initially rises as Theresa May agrees to resign, then falls as U.K. Parliament fails in indicative voting, USA equity indices whipsaw as balance of payments rises Read More »

New Zealand kiwi dollar crashes as RBNZ delivers dovish statement, whilst it commits to upcoming interest rate cuts

The New Zealand dollar crashed versus its peers during the Sydney-Asian session as the central bank, the RBNZ, issued a monetary policy containing dovish forward guidance, suggesting that interest rate cuts were likely in the short to medium term, as opposed to its previous commitment to raise the rate. RBNZ Governor Adrian Orr declared: “Given

New Zealand kiwi dollar crashes as RBNZ delivers dovish statement, whilst it commits to upcoming interest rate cuts Read More »

U.S. dollar rises versus several peers, euro falls, whilst sterling makes modest gains as no deal Brexit recedes

USD rose versus the majority of its peers during the latter part of the London-European trading session and the New York session. This rise came despite, or perhaps as a consequence, of the poor housing and consumer confidence data published during the day’s sessions, which saw permits and housing starts miss the forecasts, whilst the

U.S. dollar rises versus several peers, euro falls, whilst sterling makes modest gains as no deal Brexit recedes Read More »