Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
As an FX trader, what do you think of when you consider the word “skill”? You may think of a sportsman, or woman with exceptional skills. Perhaps you’d conjure up thoughts of world class tennis players such as; Serena Williams, or Roger Federer. Or footballers such as; Lionel Messi and Ronaldo. Or maybe you’d think […]
Is skill an overrated concept when discussing and trading FX? Read More »
On Wednesday afternoon, the value of sterling will come under intense focus and increased speculation, as an emergency E.U. summit decides what extension they’re prepared to offer the U.K. in order for the country to delay its exit from the European Union, which is currently scheduled for Friday April 12th. The widely held consensus is
Japan’s yen rose versus several of its main peers during Tuesday’s trading sessions, its safe haven appeal was elevated as a consequence of the IMF severely cutting its predictions, regarding global growth for 2019. The International Monetary Fund cut its forecast to 3.3%, from the 3.5% rate it had predicted as recently as January 2019,
The value of the U.S. dollar has been hit by two factors, during trading over recent sessions; the overall risk on market mood, as a consequence of a potential favourable outcome in the China-USA trade talks, combined with the rise in the value of oil and consequently commodity currencies, has caused the greenback to slip
During the early hours trading sessions, Japan’s yen rose versus the majority of its peers as the latest current account balance figures rose, the latest trade balance reading fell, whilst consumer confidence and the Eco Watchers survey readings, also fell in March. Overall, the cumulative data proved to be bullish for yen, whilst the Aussie
The economic calendar week begins on Monday with the latest data from Germany covering: export, imports, the current account and trade balance. The latest export and import data will be closely monitored due to Germany’s latest disappointing economic data, for example; factory orders, falling by circa -8.3% year on year, suggesting that Europe’s engine of
FX analysts and traders will begin to concentrate on the latest NFP data from the USA, due to be published at 13:30pm U.K. time. The prediction from Reuters, is for the number to come in at 180k for March, which would represent a significant increase on the 20k rise in NFP jobs created in February.
The euro slipped versus the U.S. dollar during Thursday’s trading sessions, as Germany’s factory data published in the morning session, came in at the worst level seen in over two years; down -8.4% year on year. Despite the shock reading, the fall in EUR/USD was marginal; at 21:50pm U.K. time, the most traded, major currency
At 13:30pm U.K. time, on Friday April 5th, the latest headline NFP jobs number will be published, amongst a slew of jobs numbers published by the BLS (bureau of labor statistics) on the day. Analysts and traders will focus on the month’s data with increased concentration, based on the fact that the February number came
Wednesday’s latest instalment of Brexit drama ended with MPs in the House of Commons voting through a Bill, which will force the U.K. prime minister to approach the European Union, to ask for a longer extension. However, the E.U. is under no obligation to honour such a request, therefore, many political analysts were left confused
