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Apr 24, 19 •
2459 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Aussie dollar crashes versus its peers, as inflation falls significantly, German IFO metrics miss the forecasts, adding to fears that Germany could be entering recession.
The Aussie dollar slumped during the Sydney-Asian trading session, analysts quickly attributed the fall based on inflation coming in below expectations at 1.3% year on year in March, falling from 1.8%, as Q1 CPI came in at 0.00%. The falling CPI metric is an...
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Apr 24, 19 •
2420 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. dollar index reaches a high not witnessed since June 2017, GBP/USD falls to two month low, as Brexit issues return.
At 20:20pm U.K. time on Tuesday April 23rd, the U.S. dollar index, DXY, traded at 97.62, up 0.34% on the day, reaching a high not seen since June 2017, as USD has experienced a surge over recent trading sessions. The U.S. dollar experienced significant gains...
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Apr 23, 19 •
2434 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Success in retail FX trading is relative and has to be personal.
Judging what represents success in retail trading is a highly subjective issue, as all traders are individuals, none think alike and all have different reasons and motivation for trading. One trader’s version of what represents personal success, could be...
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Apr 23, 19 •
2285 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Canada’s interest rate decision, could determine the course of direction for the Canadian dollar, over the short term.
At 15:00pm U.K. time, on Wednesday April 24th, the central bank of Canada, the BOC, will announce its latest decision, regarding the Canadian economy’s key interest rates. The widely held consensus, after both Bloomberg and Reuters news agencies have polled...
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Apr 23, 19 •
2226 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on U.S. dollar rises versus the majority of its peers, WTI continues its rise based on Iranian purchase sanctions, gold sells off sharply, Chinese equity markets slip.
As global equity and FX markets were restored to full activity, after the prolonged Easter bank holiday break, USD recorded solid gains versus the majority of its peers, during the Asian and early part of the London-European trading sessions. At 8:15am U.K....
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Apr 23, 19 •
2343 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on U.S. dollar experiences mixed fortunes in light trading, Aussie dollar slumps, as Canadian dollar rises in tandem with the rise in WTI oil.
USD endured mixed trading fortunes during Monday’s trading sessions, during a day when several FX trading centres were closed, for the extended Easter, bank holiday, trading period. At 19:45pm on Monday April 22nd, the dollar index traded down -0.10% at...
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Apr 22, 19 •
2988 Views •
Forex Trading Articles, Morning Roll Call •
admin
Comments Off on USA GDP and interest rate settings from the Canadian and Japanese central banks, are the stand out economic calendar events of the week.
The trading week begins slowly during the late evening of Sunday April 21st, due to the long Easter weekend and the associated bank holiday days; on the previous Friday and Monday April 22nd. Consequently, the trading volume and liquidity was below the...
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Apr 18, 19 •
5189 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Why and how position trading in the FX market can work, if you use zero fee accounts.
Most traders know there’s four key styles of FX trading: scalping, day trading, swing trading and position trading. At one end of the spectrum is scalping; your trades typically last seconds or minutes, as you search for small price action related gains,...
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Apr 18, 19 •
4965 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on USA trade balance surprises markets by reducing deficit on a month on month basis, German authorities cut back GDP forecast.
USA equity indices initially looked to have continued their recent consistent risk on momentum, during the early stage of the New York trading session, as the latest trade balance figure for February came in at -$49.4b, an unexpected eight month low. However,...
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Apr 18, 19 •
5447 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Japan’s export data disappoints, German manufacturing PMI misses forecasts, U.K. retail sales beat forecasts.
Japan’s factory sector remained under the Markit PMI 50 level, separating contraction from expansion, extending a contraction that began in February, according to the latest survey of purchasing managers’ data, released on Thursday morning. The Japanese...