Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
China’s year on year GDP growth came in as forecast by Reuters at 6.4%, the quarterly figure of Q2 did beat the 1.5% forecast by coming in at 1.6%, ahead of the Q1 reading of 1.4%. Analysed in isolation the Q2 figure was the lowest in 27 years, since 1992. The improvement between the Q1 […]
The U.S. equity markets maintained their gravity defying rises last week as the DJIA, SPX and NASDAQ indices all continued to take out record highs. It’s worth noting that the DJIA finally broke through the 20,000 level in January 2017 and here we are, thirty months later and 27,000 has been breached representing a thirty-five
Over the past 24 hours the media has reported that an A.I. robot named “Pluribus” has managed to beat multiple players at Poker. The research was jointly undertaken by Facebook and the Carnegie Mellon University in Pittsburgh, Pennsylvania. Pluribus has been built on the technique originally used to create Libratus, a poker playing A.I. that
What a Poker beating algorithm can teach FX traders Read More »
Since the June FOMC meeting minutes were released, during Jerome Powell’s delivery of his testimony on Capitol Hill in front of a finance panel, USD has fallen versus its peers as investors and traders have increased their bets that the interest rate will be cut by up to 0.5%, at the culmination of the July
U.S. dollar slips versus its peers, Bitcoin survives Trump’s first major criticism Read More »
The dislocation between the record rises in U.S. equity indices and various aspects of what could be termed “the real economy” in America continues. Many analysts have cited that outflows from the wider markets, such as from hedge funds, are at levels not seen since the depths of the Great Recession. However, many funds and
DJIA breaches record 27,000 as U.S. deficit misses forecasts Read More »
Forex traders on trading forums often engage in debate regarding the supposed randomness of FX markets. Many experienced traders will refute the notion that FX markets are random as it would imply they’re chaotic and impossible to trade. Other experienced traders would suggest the markets are unpredictable, but they’ll also cite this issue doesn’t necessarily
Don’t buy into the claim that FX traders can be fooled by randomness Read More »
During the Sydney, Asian and the early stages of the London-European trading sessions USD continued to fall as a consequence of the dovish comments made by Jerome Powell, during his first day of testimony in Washington on Wednesday. June’s FOMC minutes released on Wednesday evening which also indicated the continuation of a dovish stance, added
The SPX equity index broke through the psychological handle of 3,000 for the first time in its history on Wednesday before Jerome Powell actually delivered his testimony, during the first day of his two-day appearance in front of the finance committee panel up on Capitol Hill. In a deliberately leaked part of his statement and
U.S. dollar sells off as equity indices rise after Jerome Powell’s testimony Read More »
Both the Eurozone markets and the futures markets for U.S. equity indices traded down in the early part of the London-European session. Investors in U.S. markets will be wary of taking new positions until Fed Chair Jerome Powell begins to deliver his two-day testimony in front of a finance panel in Washington, investors will also
GPB/USD slumped to a two year low during Tuesday’s trading sessions printing a low of 1.243, a level not witnessed since Q2 of 2017. The major pair traded in a clearly defined bearish trend, breaching the third level of support and at 20:50pm U.K. time the pair referred to as “cable” traded down -0.40%. Although
