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Apr 8, 19 •
2170 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on FX traders will focus on U.K. GDP, FOMC minutes, ECB interest rate decision, USA CPI and Chinese data, during a busy and pivotal week for economic calendar events
The economic calendar week begins on Monday with the latest data from Germany covering: export, imports, the current account and trade balance. The latest export and import data will be closely monitored due to Germany’s latest disappointing economic data,...
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Apr 5, 19 •
4752 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Focus turns to USA employment and unemployment data on Friday, as the latest NFP data is published, optimism rises over China-USA trade deal
FX analysts and traders will begin to concentrate on the latest NFP data from the USA, due to be published at 13:30pm U.K. time. The prediction from Reuters, is for the number to come in at 180k for March, which would represent a significant increase on the...
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Apr 5, 19 •
5070 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Euro slips as shock German factory data is published, sterling slumps as Brexit impasse remains, Trump broadcasts positive update on China-USA trade talks
The euro slipped versus the U.S. dollar during Thursday’s trading sessions, as Germany’s factory data published in the morning session, came in at the worst level seen in over two years; down -8.4% year on year. Despite the shock reading, the fall in...
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Apr 4, 19 •
3634 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Analysts predict a significant recovery in the NFP jobs created metric, when the figure is published on Friday April 5th at 13:30pm
At 13:30pm U.K. time, on Friday April 5th, the latest headline NFP jobs number will be published, amongst a slew of jobs numbers published by the BLS (bureau of labor statistics) on the day. Analysts and traders will focus on the month’s data with increased...
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Apr 4, 19 •
5074 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling maintains position in tight ranges, euro slides as Germany factory orders crash, yen slips as risk on mood continues
Wednesday’s latest instalment of Brexit drama ended with MPs in the House of Commons voting through a Bill, which will force the U.K. prime minister to approach the European Union, to ask for a longer extension. However, the E.U. is under no obligation to...
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Apr 4, 19 •
3941 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Euro and Eurozone equity indices make gains, due to positive PMI data, USA job creation stalls, whilst the ISM non manufacturing and services reading misses forecast
During Wednesday’s trading sessions, GBP/USD traded in a tight range, with a bullish bias, oscillating between the daily pivot point and the first level of resistance, as investors and FX traders analysed the latest news regarding the Brexit situation....
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Apr 3, 19 •
2751 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Aussie dollar rises, as yen falls in Asian trading session, due to reports of a USA-China trade breakthrough
The Aussie dollar slumped versus its peers during Tuesday’s trading sessions, as a consequence of the RBA delivering a dovish monetary policy statement, by way of the Governor Philip Low. A statement which accompanied the decision to maintain the cash rate...
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Apr 3, 19 •
2330 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling rises, as prime minister May pleads with the opposition party for a Brexit solution, U.S. dollar and WTI rise, whilst USA equities experience mixed fortunes
Sterling currency pairs, such as GBP/USD, whipsawed in a wide range during Thursday’s trading sessions, in perfect rhythm with ongoing and breaking Brexit developments. The ruling Tory party held a marathon cabinet meeting from early morning, until early...
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Apr 2, 19 •
1499 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling slips as U.K. Parliament fails to agree alternatives to Brexit, Aussie dollar falls as rate held at 1.5% by RBA, but dovish policy tone remains
During Tuesday’s Sydney-Asian trading session, Australia’s central bank the RBA, announced the cash rate would remain at the record low of 1.5%, for a record period of inactivity; since August 2016. The Governor of the bank, Philip Lowe, delivered a...
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Apr 2, 19 •
1708 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling rises as U.K. Parliament inches towards a soft Brexit, global indices shrug off poor data in a risk on trading environment, oil rises as a consequence of OPEC cuts
Sterling rose versus its main peers during Monday’s trading sessions, as U.K. MPs appeared to gradually move towards a consensus requiring a softer Brexit; keeping closer ties with Europe by remaining in a customs union and having access to the single...