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Mar 13, 19 •
1401 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling stabilises after the U.K. government loses crucial Brexit vote by a huge majority. U.S. dollar falls versus major peers
Sterling experienced modest losses during Tuesday morning’s London trading session, losses that that were accelerated, after the government’s attorney general confirmed the additional words, attached to the original withdrawal agreement, were ineffective...
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Mar 12, 19 •
1540 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling maintains its Brexit, optimism, momentum, euro also experiences a Brexit related bounce, as U.S. dollar slips in early European trading
The U.K. pound continued the bullish direction it developed on Monday evening, as a consequence of the additional wording tagged onto the Brexit withdrawal agreement, which could give comfort to doubtful MPs, regarding the obstacle of the Irish backstop. The...
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Mar 12, 19 •
2037 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on U.K. pound rises on Brexit optimism, USA equity market indices surge as Trump slashes taxes in his budget statement
The U.K. pound surged during the latter stages of the New York session, as the U.K. prime minister flew off to Strasbourg to meet with the E.U. Brexit negotiating team. Unfounded rumours had circulated around Westminster during Monday afternoon, that the E.U....
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Mar 12, 19 •
1889 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Yen falls as Japanese machine tool orders collapse, euro stabilises despite German industrial production slipping
Fears over the strength of the Japanese economy and doubts regarding its ability to weather the storm caused by China’s economy slipping, reappeared during the Asian session, as the latest machine tool orders fell sharply, whilst missing the forecast by...
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Mar 11, 19 •
1979 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on U.K. GDP growth data, combined with other high impact releases and the ongoing Brexit debacle, could cause sterling pairs to whipsaw during Tuesday’s London trading session
At 9:30am U.K. time on Tuesday March 12th, the official U.K. statistics agency, the ONS, will reveal the latest data regarding U.K. GDP growth. The forecast from the Reuters news agency, after they’ve polled their panel of leading economists, is for the...
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Mar 11, 19 •
2237 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call, Uncategorized •
Zahir Shah
Comments Off on Focus will remain on the U.K. pound, during the trading week beginning March 10th, as three critical Brexit votes will be held in the U.K. parliament
The trading week ending March 8th, finished with a shock statistic; the latest NFP jobs data for February (from the USA’s BLS), revealed that only 20,000 jobs were created during the month. The main USA equity indices sold off on the news, capping a week of...
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Mar 8, 19 •
1774 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on China’s poor trade figures sends shockwaves through equity and currency markets
China’s authorities published desperately poor: import, export and trade balance data during the Asian trading session, leading to a significant sell off in Chinese equity markets and a rush into yen, as a safe haven option. China’s exports fell by -20.7%...
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Mar 8, 19 •
2232 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Euro slumps, as the ECB keeps the key interest rates unchanged, but add further monetary stimulus to the Eurozone economy
As widely predicted, the ECB announced on Thursday that the key interest rate would remain at 0.00%, with the deposit rate remaining locked in NIRP territory, at -0.4%. During the President of the ECB (Mario Draghi’s) press conference, he outlined how the...
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Mar 7, 19 •
1653 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on The latest NFP jobs number, is expected to fall back dramatically, from January’s figure
On Friday March 8th, at 13:30pm U.K. time, one of the main American statistics agency, the BLS (Bureau Of Labor Statistics), will publish its latest data concerning jobs numbers. Referred to as the NFP data, non farm payroll numbers, this metric is one of the...
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Mar 7, 19 •
1694 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Aussie dollar fails to launch as Australia publishes a record trade surplus. FX traders turn focus to Eurozone GDP and the ECB monetary policy, forward guidance
Australia’s trade surplus surged to $4.55 billion in January 2019, from an upwardly revised $3.77 billion registered in the previous month of December 2018. Beating the market forecast of a surplus of $3 billion, whilst printing the largest trade...