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Jul 24, 19 •
2232 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Will the ECB announce more stimulus on Thursday afternoon as the interest rate decision is revealed?
On Thursday July 25th at 12:45pm U.K. time the ECB will reveal its decision regarding the key interest rates for the single trading-bloc the Eurozone. After polling their panels of economists both the major news agencies, Reuters and Bloomberg, are of the...
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Jul 24, 19 •
2627 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Asian markets rise as China-USA trade talk optimism rises euro slips as PMI readings for the Eurozone miss forecasts
Equity markets in the Asia-Pacific region mostly closed up on Wednesday morning following the rises on Wall Street on Tuesday, due to reports that trade negotiations between Beijing and Washington will restart next week. Bloomberg reported on Tuesday that...
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Jul 24, 19 •
3299 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Dollar index rises to five week high, sterling whipsaws after new P.M. is announced WTI oil rises
In contrast with Monday’s quiet trading sessions, during Tuesday’s sessions the FX markets displayed healthy movement and provided extensive price-action opportunities for day-traders to bank profit. The dollar index rose to a five week high as investors...
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Jul 23, 19 •
2827 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Trading without stops can it ever make sense or is it reckless?
Many traders in the FX retail trading community will trade without any form of stops. Surprisingly, these aren’t necessarily naive or inexperienced traders, some are actually experienced traders who will attempt justify why they prefer to trade without...
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Jul 23, 19 •
2552 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Sterling faces scrutiny as new U.K. prime minister is announced yen falls as BOJ hints at further easing
Between 11am and 12am U.K. time the U.K. government and Tory party is set to reveal who their voter base has chosen as their next leader and consequently the British prime minister. The odds-on favourite is Boris Johnson whose insistence that under his...
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Jul 23, 19 •
3438 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Major currency pairs trade in tight ranges as DJIA equity market trades sideways
The price-action opportunities for day traders who specialise in trading the major pairs singularly were scarce during Monday’s trading sessions as the majors traded mostly in tight, sideways ranges during the day’s sessions. At 20:00pm U.K. time EUR/USD...
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Jul 22, 19 •
2537 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on In a quiet day for economic calendar news focus will turn to GBP as the Tories complete their leadership vote ballot
The economic calendar has no medium to high impact events listed today, other than the BOJ Governor Kuroda appearing at the IMF in Washington to deliver a speech this evening. The content of the speech may concentrate on Japan’s economy, or wider global...
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Jul 22, 19 •
3403 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on The value of GBP as a new prime minister is appointed and the value of USD and U.S. equities as GDP is printed will be the week’s main focus
According to a weekend poll conducted by the polling firm You Gov, Tory voters are approximately 75% in favour of Boris Johnson becoming the next U.K. prime minister, with only 25% for Jeremy Hunt. The voting-decision will be announced on Wednesday July 24th...
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Jul 19, 19 •
2610 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Oil rises after Iran drone shot down, global markets rise as bets increase the FOMC will announce a rate cut on July 31st
WTI oil had sold-off sharply on a weekly basis as the tensions relating to safe sea-passage of energy through the straits of Hormuz, the busiest shipping-lane for the transport of oil on the planet, reduced significantly. However, tensions were suddenly...
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Jul 19, 19 •
3288 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. equity indices recover, oil slips as tension eases while USD slumps
After beginning the New York session in negative territory the main U.S. equity indices recovered towards the end of the session, to register closing gains on Thursday July 18th. The DJIA closed up 0.03% with the SPX up 0.35% and the NASDAQ up 0.17%, ending a...