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Jul 11, 19 •
1974 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 •
2381 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 •
2060 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 •
1640 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 •
1810 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 •
2100 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...
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Jul 9, 19 •
1820 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Sterling and both the Canadian and U.S. dollars will be under the spotlight as key economic data is published
Wednesday July 10th is an extremely busy day for medium to high impact calendar events and data releases which have the power to move the forex markets in the relevant countries’ currencies. Both the U.S. and Canadian dollars and the U.K. pound will come...
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Jul 9, 19 •
1658 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on USD rises as traders anticipate hawkish FOMC statement GBP/USD falls to six month low as U.K. economy doubts continue
The U.S. dollar continued the rise versus its peers which began on Friday when the NFP numbers beat the news agencies’ forecasts. Many traders began to increase their bets from Friday that the Fed will raise the key interest rate from 2.5% in the final half...
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Jul 9, 19 •
2335 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on FX markets trade in narrow ranges with an absence of price action, leaving many FX traders frustrated and benched
Forex traders experienced frustration during Monday’s trading sessions as price action amongst the majority of currency pairs was thin on the ground. Price of the major currency pairs mostly traded in narrow ranges, moving sideways and offering up very...
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Jul 8, 19 •
2262 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on How the law of large numbers could be applied to FX trading
Many successful traders quickly establish the impact probability has on their trading outcomes. However, the vast majority of traders fail to investigate or fully rationalise the impact the phenomenon of probability has, they’ll also neglect to realise how...