Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
Positive PMIs fuel bullish sentiment in Asia, Europe and the USA… The start of the year's third quarter trading period was positive; from the Asian session the bullish sentiment continued through to the London session, further extending in the New York session, although risk appetite fell away and the DJIA retraced and gave back some […]
Between The Lines, Morning Roll Call… Read More »
In the overnight/early morning Asian session the print published regarding Chinese data, (the manufacturing PMI), came in as forecast by the economists polled. The figure was 50.1. The HSBC Markit publication was slightly lower than forecast at 48.2, a nine month low, but not significant as a miss in order to alter the current positive
Mind The Gap; Our Mid Morning Update Per The New York Open… Read More »
The UK balance of payments data has been published in the morning London session. The prediction was for a minus £11.9 bn deficit, but the figure came in far worse than the economists' predictions at £14.5 bn, thereby exceeding the previous month's figure by €0.9 bn. This figure represents 3.6% of UK GDP. Business investment
Mind The Gap; London Market Update And New York Preview… Read More »
Fools Gold… As we've pointed out several times over recent months one of the oddities regarding the current situation gripping the markets is the continual lack of 'normal' correlations. For example, normal would be markets collapsing, ergo a rush into gold and other precious metals. Or for the DJIA to rise and the greenback lose
Between The Lines; Morning Roll Call Read More »
The UK waves goodbye to Mervyn King with a £375 billion tick a tape parade, otherwise known as quantitative easing… Tuesday saw the last statement from the UK's outgoing governor of the Bank of England Mervyn King to the all party treasury select committee. This UK government committee overseas the decisions taken by the BOE
Between The Lines; Morning Roll Call Read More »
As always, when we experience a seismic shift in sentiment in the FX market, it always looks so obvious in hindsight. Before we begin to concentrate on what may, or may not be new trends that have developed on our major currency pairs and commodity pairs since the fall out of the FOMC meeting of
Is The Trend Still Your Friend? A Week Is a Long Time In Forex Trading… Read More »
Major indices continue their slump taking certain currencies south in tandem China growth concerns, due to the HSBC 'PMI' numbers printing short of economists' expectations, combined with the lingering impact of the FOMC comments of last week, caused a continuation of the sell off in US stock markets witnessed late last week. The DJIA falling
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Despite it providing lagging information the COT report, commitment of traders, always provides a fascinating insight into where institutional money views currencies' positions. The Commodity Futures Trading Commission, or CFTC, publishes the Commitment of Traders report (COT) every Friday, around 2:30 pm EST. The COT report measures the net long and short positions taken by
The COT Report Reveals That Traders Are Bullish The Euro Read More »
Sudden stock crashes and other tales of woe.. Two interesting stories caught our imagination over the past 24 hours, both concerned technology. Firstly, concern that American stock markets are more susceptible to micro- second crashes due to computerisation isn’t supported by the data, a Securities and Exchange Commission official stated on Tuesday. Gregg Berman, head
Between The Lines; Early Morning Roll Call Read More »
To taper or not to taper, that is the question? It's fascinating to watch how market commentators and the wider trading world have become embroiled in the latest drama day after day through the mainstream media channels. We had the fiscal cliff back in late 2012, remember that? How the USA economy was going to
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