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Jul 15, 19 •
2422 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Will U.S. equity indices continue to reach record highs at the expense of the U.S. dollar?
The U.S. equity markets maintained their gravity defying rises last week as the DJIA, SPX and NASDAQ indices all continued to take out record highs. It’s worth noting that the DJIA finally broke through the 20,000 level in January 2017 and here we are,...
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Jul 12, 19 •
2479 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on What a Poker beating algorithm can teach FX traders
Over the past 24 hours the media has reported that an A.I. robot named “Pluribus” has managed to beat multiple players at Poker. The research was jointly undertaken by Facebook and the Carnegie Mellon University in Pittsburgh, Pennsylvania. Pluribus has...
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Jul 12, 19 •
1854 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on U.S. dollar slips versus its peers, Bitcoin survives Trump’s first major criticism
Since the June FOMC meeting minutes were released, during Jerome Powell’s delivery of his testimony on Capitol Hill in front of a finance panel, USD has fallen versus its peers as investors and traders have increased their bets that the interest rate will...
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Jul 12, 19 •
1867 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on DJIA breaches record 27,000 as U.S. deficit misses forecasts
The dislocation between the record rises in U.S. equity indices and various aspects of what could be termed “the real economy” in America continues. Many analysts have cited that outflows from the wider markets, such as from hedge funds, are at levels not...
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Jul 11, 19 •
1953 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Don’t buy into the claim that FX traders can be fooled by randomness
Forex traders on trading forums often engage in debate regarding the supposed randomness of FX markets. Many experienced traders will refute the notion that FX markets are random as it would imply they’re chaotic and impossible to trade. Other experienced...
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Jul 11, 19 •
2366 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on U.S. dollar continues its fall after Jerome Powell’s testimony and the FOMC minutes suggests rate cuts
During the Sydney, Asian and the early stages of the London-European trading sessions USD continued to fall as a consequence of the dovish comments made by Jerome Powell, during his first day of testimony in Washington on Wednesday. June’s FOMC minutes...
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Jul 11, 19 •
2040 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. dollar sells off as equity indices rise after Jerome Powell’s testimony
The SPX equity index broke through the psychological handle of 3,000 for the first time in its history on Wednesday before Jerome Powell actually delivered his testimony, during the first day of his two-day appearance in front of the finance committee panel...
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Jul 10, 19 •
1627 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on U.S. equity indices futures trade down ahead of Powell testimony NZD spikes down after Orr comments
Both the Eurozone markets and the futures markets for U.S. equity indices traded down in the early part of the London-European session. Investors in U.S. markets will be wary of taking new positions until Fed Chair Jerome Powell begins to deliver his two-day...
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Jul 10, 19 •
1788 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. dollar registers gains across the board as sterling slumps and U.S. equity indices have mixed session
GPB/USD slumped to a two year low during Tuesday’s trading sessions printing a low of 1.243, a level not witnessed since Q2 of 2017. The major pair traded in a clearly defined bearish trend, breaching the third level of support and at 20:50pm U.K. time the...
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Jul 9, 19 •
2079 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on How the gambler’s fallacy can creep into FX traders’ mindset
You’ll immediately recognise the emotions and patterns associated with the gambler’s fallacy; you have an extended series of wins or losses in the market and you begin to think that the next result will inevitably be the opposite. When in reality (based...