Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
Sterling slipped back versus its main peers during Thursday’s trading sessions, as FX traders appeared to take profits, perhaps collectively calculating that this recent bullish movement had run its course. The recent surge in the value of the U.K. pound, has related to optimism regarding the Brexit impasse. However, FX market analysts may have finally […]
Friday March 1st is an extremely busy day for economic calendar events, beginning with a slew of results for the Eurozone. Data from Germany will include the latest retail figures which, according to the Reuters forecasts, are predicted to have risen by 1.90% in January, after posting dismal figures of -4.30% for December. Year on
After Honda recently announced they were exiting the U.K. by 2021, sector analysts and U.K. government mandarins, were hoping that the slump the car manufacturing industry is obviously mired in, wouldn’t show any signs of worsening, when the latest data was published by the trade body the SMMT on Wednesday. Unfortunately, the industry reported that
Cable reached a seven month high during Wednesday’s afternoon trading session, after analysts and FX traders deduced that the U.K. govt. is likely to ask for a delay to Brexit, past the March 29th deadline. The chance of a no deal Brexit now looks less likely, based on the various statements and Parliamentary amendments passed
GBP/USD reaches seven month high, as investors determine no deal exit less likely Read More »
On Thursday February 28th, at 13:30pm U.K. time, the latest annualised QoQ Q4 figure for USA GDP growth will be published. According to the Reuters forecast, after they’ve recently polled their panel of leading economists, the headline GDP figure is expected to fall from 3.4% recorded in Q3, to 2.5% for Q4. Such a fall,
Japan’s yen and the USA dollar, both rose marginally versus their currency peers during the Sydney-Asian session, as two Indian warplanes were reported to have been shot down by Pakistani forces. This escalation came after India carried out incursions into Pakistan airspace on Tuesday, in order to eliminate what the Indian armed forces believed to
Yen and U.S. dollar generate safe haven appeal, as India-Pakistan tensions rise Read More »
Sterling was the major focal point in the FX markets, during Tuesday’s trading sessions, GBP/USD traded at a high not seen since September 2018, whilst EUR/GBP fell to a low not witnessed since May 2017. The reason for investors’ bullish sentiment regarding sterling, related to Mrs. May, the P.M. of the U.K. making a statement
The U.K. pound rose versus the majority of its peers from late Monday evening until Tuesday morning’s London-European trading session, as rumours circulated regarding a volte-face by the U.K. prime minister. The rumours were two fold, firstly; that Mrs. May had decided to support a delay in Brexit of two months, based on the U.K.
Risk on appetite returned to the global markets on Monday, after President Trump agreed to postpone the March 1st deadline, as the introduction date for 25% tariffs, on $200b of Chinese imports. After Chinese markets closed up between 5.5-6.5% on Monday, European equity indices failed to follow Asia’s extreme bullish lead, the FTSE closed up
Chinese equity market indices, printed fresh yearly highs across the board, during the Sydney-Asian trading sessions, as news that the Trump administration had postponed the 25% tariffs on Chinese imports, filtered through to investors. The Shanghai Composite closed the session up 5.60% and the CSI closed up 6.4%, taking the year to date gains in
