Forex Trading and Miscellaneous

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 spikes versus all its major peers, as rumours circulate that the U.K. parliament could reach a Brexit compromise, euro gains as promising economic data is published.

Forex Trading and Miscellaneous, Morning Roll Call

During the Easter holiday and the two week recess for U.K. parliament, the volume of sterling trading dropped significantly. As MPs trudged back to Westminster last week, currency pairs such as GBP/USD continued to trade in narrow ranges, as the lack of progress with regards to Brexit, gave no reason for large traders to alter […]

Sterling spikes versus all its major peers, as rumours circulate that the U.K. parliament could reach a Brexit compromise, euro gains as promising economic data is published. Read More »

If you’re trading without stops then you’re taking unnecessary risks in the FX market.

Forex Trading and Miscellaneous, Market Commentaries

Experienced traders can be rendered open mouthed when they peruse trading forums and read reports from novice traders, who’ll continually trade without stops. Capital preservation is one of the key factors when you trade markets; your risk has to be monitored and limited, at all times. During your early, fledging, months and years, one of

If you’re trading without stops then you’re taking unnecessary risks in the FX market. Read More »

Whilst the FOMC are predicted to keep the key interest rate at 2.5%, FX analysts and traders will quickly turn their attention to the press conference held by the Fed chief.

Forex Trading and Miscellaneous, Market Commentaries

At 19:00pm U.K. time, on Wednesday May 1st, the FOMC (Federal Open Market Committee) will announce its decision on the USA key interest rate. The widely held consensus, arrived at after news agencies such as Bloomberg and Reuters have polled their panels of economists, is for the key rate, referred to as the upper bound

Whilst the FOMC are predicted to keep the key interest rate at 2.5%, FX analysts and traders will quickly turn their attention to the press conference held by the Fed chief. Read More »

French and Spanish GDP figures provide hope for E.Z. economic improvement, China’s Caixin PMI misses forecast.

Forex Trading and Miscellaneous, Market Commentaries

During Tuesday’s Asian trading session, China’s latest Caixin PMI figure came in at 50.2 for April, below the Reuters forecast of 50.9. The Markit PMI for China came in at 50.1, missing the forecast of 50.5. Both metrics registered readings just above the 50 level; the figure that separates contraction from expansion. The readings will

French and Spanish GDP figures provide hope for E.Z. economic improvement, China’s Caixin PMI misses forecast. Read More »

U.S. equity market indices print record highs, as USD falls versus major peers.

Forex Trading and Miscellaneous, Morning Roll Call

The U.S. dollar index, DXY, gave up position from its recent two year high, during Monday’s trading sessions. At 20:15pm U.K. time, the index of a basket of USD peers traded at 97.85, down -0.16%, having threatened to breach the 99.00 handle, during the previous week’s trading sessions. At 20:50pm USD/JPY traded close to flat,

U.S. equity market indices print record highs, as USD falls versus major peers. Read More »

Trading noise in the FX markets can lead to devastating losses, however, the methods to avoid such damage are obvious, but often ignored.

Forex Trading and Miscellaneous, Market Commentaries

FX traders will often come across the phrase, “trading noise”. It’s a highly common phenomenon and occurrence, based on the estimates that FX currency markets (and the associated pairs) trade in ranges, far more than trading in easily identifiable trends. The estimates of the variance between range and trend trading, is often put at 80-20%;

Trading noise in the FX markets can lead to devastating losses, however, the methods to avoid such damage are obvious, but often ignored. Read More »

GDP readings for the Eurozone and Canada could impact on both EUR and CAD, as the data is published on Tuesday.

Forex Trading and Miscellaneous, Market Commentaries

On Tuesday April 30th, the latest GDP readings for both the Eurozone and Canada will be published. The latest GDP growth reading for for E.Z. will be published at 10:00am U.K. time, both Reuters and Bloomberg forecast an unchanged figure of 1.1% for year on year growth to be recorded, with quarter one 2019 coming

GDP readings for the Eurozone and Canada could impact on both EUR and CAD, as the data is published on Tuesday. Read More »

Asian trading slows as Japan enters extended holiday, currency pairs trade in tight ranges as FX markets await first tranche of economic calendar data in a busy week.

Forex Trading and Miscellaneous, Market Commentaries

Japanese markets will be mostly shut during an extended ten day holiday period, to honour the ascension of a new emperor. Therefore, trading in yen may be reduced as liquidity and volatility recedes. FX traders who favour trading yen, should note this factor over the coming days. Several Asian markets made positive, bullish gains during

Asian trading slows as Japan enters extended holiday, currency pairs trade in tight ranges as FX markets await first tranche of economic calendar data in a busy week. Read More »

Central bank interest rate decisions and the latest NFP jobs number, are the outstanding high impact events during the week.

Forex Trading and Miscellaneous, Morning Roll Call

The week’s significant economic calendar events begins on Monday April 29th, with a speech delivered by the Bank of England Governor Mark Carney, at 9:10am U.K. time in London. He’ll most likely cover the fact that U.K. GDP is holding up well, combined with the majority of key economic metrics printing positive figures, despite the

Central bank interest rate decisions and the latest NFP jobs number, are the outstanding high impact events during the week. Read More »