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Mar 20, 19 •
1523 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Market attention will turn to the FOMC rate setting decision and any forward guidance the Fed chair Jerome Powell provides
At 18:00pm U.K. time, on Wednesday March 20th, the Federal Open Market Committee (FOMC) will announce its latest decision with regards to the key interest rate for the USA economy. Currently at 2.5%, the widely held consensus, after news agencies such as...
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Mar 19, 19 •
1363 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling recovers as FX analysts and traders game theorise the U.K. govt’s Brexit options, U.S. dollar slips as FOMC rate setting decision approaches
The U.K. pound recovered a proportion of its lost gains, during the Sydney-Asian session on Tuesday morning, a recovery which continued into the early hours of the London-European trading session. The sell off, which sterling suffered during Monday’s...
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Mar 19, 19 •
1750 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Sterling slips as Brexit situation takes unforeseen twist, USA equity indices rise, on prediction of a dovish, FOMC meeting outcome
The U.K. pound began to fall versus its peers, during Monday’s early trading sessions, as FX market participants began to wake up to the fact that the U.K. is now only nine working days away from needing to find an exit solution, or crash out. However,...
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Mar 18, 19 •
1382 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling falls as further Brexit complications emerge, euro rises versus peers, yen slips as Japanese import and export data misses forecasts
Japan printed disappointing export and import data during the overnight Sydney-Asian trading session, which caused yen to sell off marginally, versus several of its major peers. Exports fell by -1.20% year on year in February, with imports falling by -6.70%...
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Mar 18, 19 •
1641 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Central bank interest rate decisions for the: U.K., USA and the Swiss economies, could impact on the value of the respective currencies this week
The U.K. pound will be under increased focus and intense pressure during the week beginning March 17th. U.K. MPs’ concentration and attention will become heightened, as the March 29th Brexit date approaches. The U.K. government and Parliament only has two...
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Mar 15, 19 •
1535 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Japan’s central bank warns of global slowdown threat, as it maintains interest rate at -0.1%. Sterling slips marginally versus peers, as FX markets evaluate recent Parliamentary votes
Japan’s central bank, the BOJ, has kept its interest rate in negative territory (NIRP) at -0.1%. During Governor Kuroda’s press conference, after the announcement was broadcast, the BOJ downgraded its assessment of: exports, factory output and its trading...
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Mar 15, 19 •
1621 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Sterling pairs trade in tight ranges as analysts and FX traders gauge the impact of latest U.K. parliament votes, USA equity indices slip, as investors bank weekly profits
The chaos and confusion currently on display inside the U.K. House of Commons, was replicated in the market for the U.K. pound versus its peers, during Thursday’s trading sessions. All sterling base pairs traded in tight ranges versus their counter...
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Mar 14, 19 •
1659 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on China markets slip after data misses forecasts, sterling slips as FX markets weigh up recent U.K. Parliament votes
The Shanghai Composite index fell by -1.20% during the Asian trading session on Thursday morning, as critical data relating to the country’s economic performance, missed the Reuters forecasts. Industrial production for the globe’s second largest economy,...
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Mar 14, 19 •
1690 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on USA equity markets rise, WTI oil rises to 2019 high due to reduced inventories, sterling rallies as U.K. MPs vote to reject a no deal Brexit
After enduring a sell off during the trading week ending March 8th, USA equity markets have rallied this week. The SPX closed at a four month high after three days of rises, reaching a level not seen since November 2018, whilst breaching the 2,800 critical...
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Mar 13, 19 •
1601 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on U.K. pound rises as a no deal Brexit looks unlikely, yen slips as Japan’s machine orders collapse, Aussie dollar falls as Westpac sentiment reading collapses
Sterling rose marginally, versus several of its main peers during the early part of the London-European session, as a consequence of the vote scheduled to be conducted later on Wednesday afternoon. MPs will get a chance to vote down a no deal Brexit,...