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May 2, 19 •
3172 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on The U.S. dollar consolidates in a tight range after the latest FOMC/Fed decision and forward guidance, FX market traders turn their focus to the latest BoE rate setting decision.
After whipsawing in a tight range versus several of its peers on Wednesday evening, during the period between the FOMC rate hold announcement and the conference held by Jerome Powell, the Fed chair, the U.S. dollar consolidated its position during the Sydney...
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May 2, 19 •
3345 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on USA jobs data beats forecasts, whilst the ISM manufacturing metric disappoints, U.S. dollar rises after FOMC decision and Jerome Powell statement.
On Friday May 3rd, at 13:30pm U.K. time, the latest NFP jobs data will be published. In the same week as the NFP data is published, the latest ADP payrolls data is usually released on the preceding Wednesday. On Wednesday May 1st, the ADP data came in at 275k...
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May 1, 19 •
1723 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Will the Bank of England alter its monetary policy stance, as it announces its latest interest rate decision?
On Thursday May 2nd, at 12:00pm U.K. time, the MPC, Monetary Policy Committee of the U.K. central bank, the Bank of England, will announce its decision regarding the U.K. economy’s base interest rate. The rate is currently 0.75%, it’s risen twice since...
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May 1, 19 •
2604 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Dollar index, DXY, rises as FOMC interest decision looms, NZD falls as employment and labour cost data disappoints.
After experiencing several sessions of losses, USD registered marginal gains versus several peers, during the Asian and early part of the London-European sessions. At 7:45am U.K. time the DXY traded up 0.06%, rising further above the 97.00 handle at 97.53....
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May 1, 19 •
3063 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Sterling spikes versus all its major peers, as rumours circulate that the U.K. parliament could reach a Brexit compromise, euro gains as promising economic data is published.
During the Easter holiday and the two week recess for U.K. parliament, the volume of sterling trading dropped significantly. As MPs trudged back to Westminster last week, currency pairs such as GBP/USD continued to trade in narrow ranges, as the lack of...
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Apr 30, 19 •
2821 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on If you’re trading without stops then you’re taking unnecessary risks in the FX market.
Experienced traders can be rendered open mouthed when they peruse trading forums and read reports from novice traders, who’ll continually trade without stops. Capital preservation is one of the key factors when you trade markets; your risk has to be...
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Apr 30, 19 •
2159 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Whilst the FOMC are predicted to keep the key interest rate at 2.5%, FX analysts and traders will quickly turn their attention to the press conference held by the Fed chief.
At 19:00pm U.K. time, on Wednesday May 1st, the FOMC (Federal Open Market Committee) will announce its decision on the USA key interest rate. The widely held consensus, arrived at after news agencies such as Bloomberg and Reuters have polled their panels of...
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Apr 30, 19 •
2169 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on French and Spanish GDP figures provide hope for E.Z. economic improvement, China’s Caixin PMI misses forecast.
During Tuesday’s Asian trading session, China’s latest Caixin PMI figure came in at 50.2 for April, below the Reuters forecast of 50.9. The Markit PMI for China came in at 50.1, missing the forecast of 50.5. Both metrics registered readings just above the...
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Apr 30, 19 •
2354 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. equity market indices print record highs, as USD falls versus major peers.
The U.S. dollar index, DXY, gave up position from its recent two year high, during Monday’s trading sessions. At 20:15pm U.K. time, the index of a basket of USD peers traded at 97.85, down -0.16%, having threatened to breach the 99.00 handle, during the...
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Apr 29, 19 •
2378 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Trading noise in the FX markets can lead to devastating losses, however, the methods to avoid such damage are obvious, but often ignored.
FX traders will often come across the phrase, “trading noise”. It’s a highly common phenomenon and occurrence, based on the estimates that FX currency markets (and the associated pairs) trade in ranges, far more than trading in easily identifiable...