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Apr 1, 19 •
1640 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on The RBA is predicted to keep the cash rate at its record low of 1.5%, for a record period of inactivity, however, attention will quickly turn to the monetary policy statement.
At 4:30am U.K. time on Tuesday April 2nd, the Australian central bank, the RBA (reserve bank of Australia), will announce its latest decision regarding the country’s key interest rate, referred to as the cash rate. The widely held consensus, from the news...
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Apr 1, 19 •
1510 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Aussie dollar rises as China Caixin manufacturing index beats forecast, U.K. government in open warfare over Brexit
China’s equity markets rallied as the latest Caixin manufacturing PMI from China rose marginally, the reading for March came in at 50.8, clawing its way from the 50 level, which separates expansion from contraction. The Caixin metric followed other PMIs...
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Apr 1, 19 •
1647 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on A busy week for IHS Markit PMIs, a week in which the RBA announce the Australian interest rate, will eventually culminate with USA non farm payroll jobs data
Monday April 1st begins a new month and a new quarter, as a highly significant day for medium to high impact calendar news, both in Europe and the USA, will set the tone. All Monday’s data has the ability to move the market in: euro, USD and sterling and...
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Mar 29, 19 •
1850 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on U.S. dollar set to enjoy its best month in five months, sterling poised to react to latest Parliament Brexit vote
The USD dollar index was on course for a 1% rise during March and a recovery of circa 1.5% from a low on March 22nd, potentially posting its best one month rise, since making gains of circa 2.5% during October 2018. The dovish tone set by the FOMC/Fed earlier...
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Mar 29, 19 •
2029 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on USA GDP growth figures and pending home sales miss forecasts, sterling slumps as Brexit confusion escalates
The latest GDP growth figures for the USA economy missed forecasts, when the latest figures were revealed on Thursday afternoon; QoQ growth for Q4 2018 came in at 2.2%, falling from 2.6% and missing the forecast of 2.4%. Pending home sales for February came...
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Mar 29, 19 •
2006 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Canada’s GDP growth figures are forecast to improve
At 12:30pm U.K. time, on Friday March 29th, a Canadian statistics agency, attached to the government, will reveal the latest GDP growth figures for the Canadian economy. Currently at 1.10% measured up to December 2018, the forecast, from news agencies such as...
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Mar 28, 19 •
1881 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Asian markets slide as global trade fears rise, sterling slips as the risk of no deal Brexit rises. Turkey sparks a new crisis
Asian markets fell during the Sydney-Asian trading session, the Shanghai Composite closed down -0.92%, whilst Japan’s Nikkei index closed down -1.61%, reducing the year to date 2019 gains, for Japan’s leading index to 5.09%. The risk off tone has remained...
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Mar 28, 19 •
2145 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling initially rises as Theresa May agrees to resign, then falls as U.K. Parliament fails in indicative voting, USA equity indices whipsaw as balance of payments rises
The current account deficit in the United States has widened to -$134.4 billion in Q4 2018, from an upwardly revised -$126 billion gap in Q3, coming in above the news agency forecasts of -$130 billion. Registering the highest current account gap metric in ten...
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Mar 27, 19 •
2114 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on New Zealand kiwi dollar crashes as RBNZ delivers dovish statement, whilst it commits to upcoming interest rate cuts
The New Zealand dollar crashed versus its peers during the Sydney-Asian session as the central bank, the RBNZ, issued a monetary policy containing dovish forward guidance, suggesting that interest rate cuts were likely in the short to medium term, as opposed...
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Mar 27, 19 •
1797 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on U.S. dollar rises versus several peers, euro falls, whilst sterling makes modest gains as no deal Brexit recedes
USD rose versus the majority of its peers during the latter part of the London-European trading session and the New York session. This rise came despite, or perhaps as a consequence, of the poor housing and consumer confidence data published during the...