Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
The kiwi rose versus several peers during the Sydney-Asian trading session, after the latest import and export figures for New Zealand led to a significant improvement in the balance of trade. In an economy reliant on its exporting and production, the improved data has rested fears that any impact of the China v USA trade […]
Markets for equities in the USA experienced unusual price action, during Thursday’s New York session, as price action for the: DJIA, SPX and NASDAQ whipsawed in wide ranges, oscillating between bullish and bearish sentiment, as earnings for various corporations and data, missed forecasts. The major market surprise concerned the earnings of Tesla, whose share price
At 13:30pm, on Friday April 26th, the latest GDP growth data, relating to the USA economy, will be published. The annualised quarter on quarter figure, for the first quarter of 2019, is forecast by agencies such as Bloomberg and Reuters, to come in at 2.2%, registering no change from the level recorded for Q4 2018.
The latest GDP growth rate for the USA could cause movement in the value of USD. Read More »
The Bank of Japan has kept the interest rate at -0.1%, yen rose shortly after the announcement and during the broadcast of the BOJ monetary policy statement and the publication of their outlook report. The BOJ recommitted to its current, ultra loose, monetary policy, however, its belief that it has targeted and is confident, that
The Aussie dollar immediately slumped versus the U.S. dollar, during Wednesday’s Sydney-Asian trading session. The CPI reading (year on year) up to March came in at 1.3%, falling from 1.8%, dampening any expectation that the RBA central bank would be raising the interest rates, during the short to medium term, in 2019. AUD/USD slumped during
Australasian dollars slump, U.S. dollar rises, U.S. equities slip from record highs. Read More »
It’s hardly surprising that the majority of retail FX traders, fail to acknowledge the impact volatility can have on their trading outcomes. The subject, as a phenomenon and the direct impact it can have on your bottom line, is hardly ever fully discussed in articles, or on trading forums. Only the occasional, fleeting reference, is
The Aussie dollar slumped during the Sydney-Asian trading session, analysts quickly attributed the fall based on inflation coming in below expectations at 1.3% year on year in March, falling from 1.8%, as Q1 CPI came in at 0.00%. The falling CPI metric is an indication of weak growth, therefore, the RBA, Australia’s central bank, are
At 20:20pm U.K. time on Tuesday April 23rd, the U.S. dollar index, DXY, traded at 97.62, up 0.34% on the day, reaching a high not seen since June 2017, as USD has experienced a surge over recent trading sessions. The U.S. dollar experienced significant gains versus the majority of its peers, during the day’s trading
Judging what represents success in retail trading is a highly subjective issue, as all traders are individuals, none think alike and all have different reasons and motivation for trading. One trader’s version of what represents personal success, could be another’s version of failure. All traders have ambitions and targets and all traders decided to engage
Success in retail FX trading is relative and has to be personal. Read More »
At 15:00pm U.K. time, on Wednesday April 24th, the central bank of Canada, the BOC, will announce its latest decision, regarding the Canadian economy’s key interest rates. The widely held consensus, after both Bloomberg and Reuters news agencies have polled their panels of economists, is for a hold of the benchmark rate at 1.75%, for
