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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...
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Apr 17, 19 •
5555 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Why day trading and day trading strategies, might be the best style for the majority of FX traders.
FX traders are typically divided into three-four distinct styles, they’re generally listed as: scalping, day trading, swing trading and position trading. Scalping is extreme, short term trading, with trades generally lasting for seconds, or minutes. At the...
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Apr 17, 19 •
4214 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on China’s GDP rises as stimulus begins to take effect, Aussie dollar rises as a consequence, WTI oil prints fresh 2019 high, as analysts believe global demand will now grow.
China posted a year on year, first quarter GDP growth figure, of 6.4% during the Asian session, marginally beating several forecasts of 6.3% growth, whilst maintaining the growth figure of 6.4% registered in Q4 2018. The result calmed investor fears that...
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Apr 17, 19 •
2984 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Euro falls as certain ECB officials report their projections were too optimistic, sterling slips as reports emerge that talks between Labour and Tories have stalled.
The euro fell versus the majority of its peers during the London-European trading session on Tuesday, after several ECB central bank officials declared their belief; that the previous targets the bank had set for growth, were over optimistic. This declaration...
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Apr 16, 19 •
2771 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Chinese data, CPI data from the: U.K. E.Z. and Canada, USA trade balance, could cause FX markets to experience increased volatility during Wednesday’s trading sessions.
Wednesday April 17th is an extremely busy day for economic calendar news and events, many of which have the power to move the FX and equity markets. Therefore, FX traders need to remain vigilant throughout the day, in order to manage their current positions...
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Apr 16, 19 •
2911 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Aussie dollar falls after RBA publishes dovish minutes, U.S. dollar gives up Asian session gains, as London trading session opens, euro falls as ZEW data is published.
The Aussie dollar fell versus several of its peers during the Sydney-Aussie trading session, as the central bank of Australia, the RBA, revealed in its minutes that it was quite prepared to lower interest rates, below the current record low of 1.5%, in an...
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Apr 16, 19 •
2583 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on USA equity markets slip as banking sector sentiment falls, GBP/USD trades in a tight range as volatility collapses, due to Brexit date extension.
What’s termed “earnings season”, when major USA firms listed on public trading markets, report their latest set of trading figures, has begun in America. Analysts and investors pay close attention to the results and in particular to the figures filed by...
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Apr 15, 19 •
4451 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Can retail FX traders scalp, using STP-ECN access and MetaTrader platforms?
The definition of what the concept of scalping represents, has altered substantially over recent years. To many old school traders (who can still recall when internet based trading was born) scalping means; searching for a profit equivalent to more than the...
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Apr 15, 19 •
2439 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Yen falls to a 2019 low versus USD, during the Asian trading session, long term speculators increase net long positions in USD, to levels not seen since 2015.
A combination of the Spring meeting between the IMF and World Bank, the benign FOMC minutes, a potential breakthrough in the China-USA trade talks and various economic calendar data, suggesting the USA economy is on course to match earlier bullish forecasts,...
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Apr 15, 19 •
2452 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on CPIs, PMIs, the latest USA trade balance deficit, Eurozone sentiment readings and North American housing data, will dominate the week’s FX calendar.
Monday begins with the latest U.K. Rightmove asking house prices, published just after midnight. This data, ranking as medium impact, can have a significant effect on overall U.K. consumer and investor sentiment, for both the value of equity indices and...