Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
What message are Japan's salary men delivering to the global economy? Many readers will be familiar with the concept of Mrs Watanabe, for those amongst us that aren't here's a quick synopsis; Mrs Watanabe is the personification of the Japanese housewife speculators, who are (occasionally) strong enough to affect international markets, especially foreign exchange markets. […]
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Is the USA experiencing another bubble in housing? It's generally accepted wisdom that for a failed financial phenomena to return it has to 'hide' for a generation or more, quite simply we need to forget the mistakes of the past. However, we may be witnessing a return of housing speculation in America after it's remained
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Is it too early to become relieved by Spain's job numbers? The number of unemployed in Spain at the end of June 2013, according to data from the records of the Public Employment Service, has dropped by 127,248 versus the previous month. The reduction is 2.60%. The fall in trend started in March and has
Mind The Gap, Mid Session London Update Pre The New York Open… Read More »
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
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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
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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
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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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