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May 8, 19 •
2342 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. equity markets slump as global trade fears grip markets, due to USA tariff increases which are set to begin on Friday May 10th.
After Trump’s weekend threats versus China; to raise tariffs on $200b of imports from 10% to 25% beginning this Friday, the U.S. and Eurozone markets adjustment during Monday’s sessions was relatively contained, after Chinese markets sold off by the...
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May 7, 19 •
2279 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Focus turns to the New Zealand economy on Wednesday morning, as the RBNZ announces its cash rate decision.
On Wednesday May 8th, at 3:00am U.K. time, the central bank of New Zealand, the RBNZ, will reveal its latest decision, with regards to the country’s key interest rate. Referred to as the “official cash rate”, the current rate is 1.75% and according to...
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May 7, 19 •
2121 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Aussie dollar rises as RBA defies forecasts by keeping the cash rate unchanged at 1.50%, Asian markets steady after further Trump threats versus the Chinese.
The RBA (reserve bank of Australia) caught market doves off guard on Tuesday morning, by agreeing to keep the cash rate unchanged at 1.5%, despite the weight of economic opinion, from the economists polled by Reuters, predicting the rate would be cut to...
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May 7, 19 •
2645 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Global equity markets stop the initial rout, caused by Trump social media tariff threats versus China, USD rises in New York session.
The main Chinese equity markets sold off by circa 5% during the Asian session on Monday morning, as the Shanghai Composite and CSI equity indices fell by their largest amount in over three years. After recent reports of supposed, gradual concessions, being...
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May 6, 19 •
1870 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Waiting until the market comes to you. What does this phrase mean and what trading plan can we build, to execute FX trading strategies based on the concept?
If you regularly peruse the most popular FX trading forums, or read books and articles on the subject of FX trading, you might constantly stumble across the phrase; “wait until the market comes to you.” It’s an evocative phrase, conjuring up ideas of:...
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May 6, 19 •
3407 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Could the RBA central bank lower Australia’s key interest rate by 0.25%?
On Tuesday May 7th, at 5:30am U.K. time, Australia’s central bank the RBA, (reserve bank of Australia) will announce its latest decision, regarding the headline interest rate. Referred to as the “cash rate”, the rate is currently at 1.50%, it has...
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May 6, 19 •
3086 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Chinese equity markets experience a significant sell off, after Trump makes threats regarding the lack of progress in the trade talks.
After months of trade talks and negotiations between China and the USA, which have been making little progress, the Trump administration appeared to take a gamble; by blinking first and threatening to increase tariffs, over and above the $200b of imports the...
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May 6, 19 •
3460 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Interest rate decisions dominate the economic calendar during the trading week.
The week begins with a relatively quiet day on Monday for calendar events, as the U.K. banking system is closed (on Monday only) for the May bank holiday. Therefore, trading in forex, particularly in GBP related pairs, could experience less volume during the...
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May 3, 19 •
4006 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on U.S. dollar firms due to FOMC policy and expectations that NFP numbers might surprise to the upside, sterling falls as Tory party loses seats in local govt areas.
Shortly after the main London FX market opened, the dollar index (DXY) traded at 97.94, up 0.10%, as marginal dollar strength has returned to forex markets over recent trading sessions. The narrative delivered by Jerome Powell, the Fed chair, after the FOMC...
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May 3, 19 •
3916 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. dollar rises versus peers as FX traders reduce their bets on rate cuts, sterling falls as Bank of England keeps base rate unchanged, but voices fears over Brexit.
The U.S. dollar recorded gains versus the majority of its peers during the trading sessions on Thursday as FX analysts and traders balanced their positions, based on the FOMC rate hold announcement, disclosed on Wednesday evening. The Fed chair Jerome...