Forex Trading and Miscellaneous | Forex Trading Blog - Forex News, Articles and Market Analysis

Corporate earnings could dictate the performance of USA indices over the coming week, whilst sterling and the U.S. dollar will remain under focus and pressure

Despite the latest NFP numbers beating the Reuters forecast of 165K (by some distance) on Friday Feb 1st, the U.S. dollar failed to rise significantly, when the figure of 304K jobs created in January was published. Beating the forecast has to be kept in context; regarding the previous December count being revised down substantially, whilst […]

Corporate earnings could dictate the performance of USA indices over the coming week, whilst sterling and the U.S. dollar will remain under focus and pressure Read More »

The simple trick you can play on yourself, to immediately become a highly disciplined FX trader

Forex Trading and Miscellaneous

FX traders constantly receive advice regarding professionalism and discipline, in relation to trading and how these two factors can impact on your success. Retail FX traders will receive advice over the type of FX trading account they should open and which brokers they should trade with. For example, trading with an ECN broker, who uses

The simple trick you can play on yourself, to immediately become a highly disciplined FX trader Read More »

China’s Caixan PMI reading misses forecast, sends Aussie dollar lower, GBP/USD falls as Brexit fears hits manufacturing sentiment

Forex Trading and Miscellaneous

As a consequence of the: trade wars, tariffs and sanctions with the USA, China’s manufacturing base has suffered a blow, resulting in the sentiment amongst the purchase managers in Chinese manufacturing falling. The PMI missed the Reuters forecast of 49.7, by coming in at 48.3, close to a three year low. Any PMI reading below

China’s Caixan PMI reading misses forecast, sends Aussie dollar lower, GBP/USD falls as Brexit fears hits manufacturing sentiment Read More »

The latest NFP numbers and the unemployment rate for the USA, could move the FX market for the USD, when released on Friday 1st

Forex Trading and Miscellaneous

On February 1st, at 1:30pm, close to the opening of the New York trading session, two high impact news releases relating to the USA economy, will be published. The first release concerns the latest January unemployment rate for the U.S. The current rate is 3.9%, close to the 40 year lows, that were repeatedly printed

The latest NFP numbers and the unemployment rate for the USA, could move the FX market for the USD, when released on Friday 1st Read More »

Simple, straightforward ideas for combining fundamental and technical analysis

Forex Trading and Miscellaneous

The majority of experienced (and by association) successful traders, will always suggest that you require a combination of both fundamental and technical analysis in order to trade the: FX, equity and commodity markets proficiently. Traders quickly learn that FX markets primarily move, due to the fundamental economic metrics, relating to the currency of the country

Simple, straightforward ideas for combining fundamental and technical analysis Read More »

The latest Eurozone GDP growth figures will be carefully monitored, for any further signs that growth is weakening.

Forex Trading and Miscellaneous

On Thursday January 31st at 10:00am U.K. time, the latest data relating to the Eurozone’s GDP growth and performance will be released, by the official stats agency, Eurostats. The current annual GDP growth rate (up to Q3 2018) is 1.6%. The forecast, according to the economists polled by the Reuters news agency, is for a

The latest Eurozone GDP growth figures will be carefully monitored, for any further signs that growth is weakening. Read More »

Sterling stabilises after U.K. parliament vote caused a sharp sell off. Markets look towards USA GDP figures and FOMC rate decision, for U.S. dollar direction

Forex Trading and Miscellaneous

After an approximate 1% sell off, shortly after the U.K. parliament passed a vote making a no deal Brexit more likely, GBP/USD stabilised in the overnight Sydney and Tokyo FX trading sessions. Both the U.K. mainstream media and the political circus surrounding Westminster, began to digest the news and quickly reached the conclusion that Mrs

Sterling stabilises after U.K. parliament vote caused a sharp sell off. Markets look towards USA GDP figures and FOMC rate decision, for U.S. dollar direction Read More »

Why FX traders need to monitor the FOMC rate decision and Jerome Powell’s subsequent press conference statement

Forex Trading and Miscellaneous

On Wednesday January 30th, at 7:00pm U.K. time, the FOMC (Federal Open Market Committee) will reveal its decision regarding the key interest rate for the USA economy. The current rate is 2.5% and this highly anticipated calendar event, is forecast to result in no change to the rate, according to the Reuters and Bloomberg news

Why FX traders need to monitor the FOMC rate decision and Jerome Powell’s subsequent press conference statement Read More »

Don’t suffer the curse of overtrading, when simple remedies are within reach

Forex Trading and Miscellaneous

Traders who trade with European based FX brokers have had to adopt their trading behaviour significantly, after the ESMA ruling came into force in 2018. The rules and new framework that ESMA introduced were, in their opinion, designed to protect traders. The organisation took time out to analyse the industry and came to the conclusion

Don’t suffer the curse of overtrading, when simple remedies are within reach Read More »

How using compound interest can grow small accounts rapidly and significantly

Forex Trading and Miscellaneous

Albert Einstein is credited with saying; “Compound interest is the eighth Wonder of the World. He who understands it earns it. He who doesn’t pays it!” In a financial world of low interest rates, a situation that’s existed for close to a decade- the potential for using relatively small trading accounts in order to make

How using compound interest can grow small accounts rapidly and significantly Read More »