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Jun 3, 19 •
3378 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Will the RBA, Australia’s central bank, cut the cash rate to 1.25% from 1.50%, and how will Aussie dollar react if they do?
At 5:30am U.K. time, on Tuesday June 4th, the RBA, Reserve Bank of Australia, will announce its decision regarding the country’s key interest rate. The RBA kept the cash rate at a record low of 1.5 percent at the culmination of their May meeting, extending...
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Jun 3, 19 •
2745 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Japan’s equity indices are close to rubbing out year to date gains, USA equity indices futures indicate negative open, U.S. dollar flat, whilst Swiss franc gains.
As President Trump boarded the famous airforce one presidential jet, to come to the U.K. for a three day state visit, he had already fired off a volley of controversial statements. He reaffirmed his support for Tory leadership candidate (and de facto prime...
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Jun 3, 19 •
3104 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Interest rate decisions for Australia and the Eurozone are revealed, during a week when many PMIs are published, as are inflation figures and the NFP jobs report.
The weekly economic calendar events begins with an extremely busy day on Monday June 3rd, as the latest Caixan manufacturing PMI for China is published in the Asian session; the Reuters forecast is for a reading of 50, right on the line separating contraction...
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May 31, 19 •
3480 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on There are no reasons or excuses for blowing up an account, even a demo account.
If you converse with experienced retail traders, regarding the mistakes they wished they’d avoided when they first discovered and began trading the markets, they’ll often point to understanding and applying the concepts of: money management, risk and...
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May 31, 19 •
2679 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Gold and yen rise as investors seek safe havens refuge, European equity indices slump in early trade, as U.S. futures indices indicate a negative open for the USA equity markets.
In the overnight Sydney-Asian sessions, on Thursday night/Friday morning, a raft of data concerning Japan’s economy was published. The majority of the readings came in as forecast by Reuters, with industrial production improving. However, Japan’s retail...
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May 31, 19 •
3030 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Sterling holds close to four month lows, as confusion increases regarding govt. direction, WTI oil slumps, whilst USA market equities recoup some weekly losses.
The U.K. pound continued its slide during Thursday’s trading sessions, as the chaos and confusion surrounding the current Tory government, continued to gather pace. After yet another candidate announced their intention to run for the job of leader, once...
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May 30, 19 •
3172 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Why your intuition when trading FX, may be more important and relevant than you first think.
As forex traders you’re constantly encouraged to concentrate on facts and data. You know the FX markets rise and fall, in relation to the economic calendar releases and any data which is subsequently attached to the releases. You also know that geo...
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May 30, 19 •
2481 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Friday ends the week with several high impact calendar events, which could impact on the value of several major FX pairs.
Friday May 31st, is an extremely busy day for economic calendar releases. There are several, key, high impact data releases, that will be published during Friday’s trading sessions, which have the power to impact on the value of the various currencies the...
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May 30, 19 •
2562 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Yen falls, Australasian dollars rise, Chinese and European equities rise as trade fears recede.
Negative data was printed for the Australian economy during the Sydney-Asian trading session; private capital expenditure fell by -1.7% in the first quarter of 2019, whilst building approvals fell by -4.7% in the month of April, after suffering a -13.4% fall...
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May 30, 19 •
2039 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on The Canadian dollar falls as BOC keeps interest rate at 1.75%, whilst issuing a dovish statement, U.S. equity indices fall, as trade war rhetoric is raised.
After selling off sharply during the New York session, U.S. equity markets recovered marginally, as trading drew to a close on Wednesday evening. The NASDAQ closed down -0.79% and the SPX down -0.69%, after both indices had registered daily losses of circa...