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Mar 7, 19 •
1696 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...
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Mar 7, 19 •
2024 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Canada’s dollar sells off, as BOC signals dovish stance, and fundamental releases miss forecasts
As widely expected, the BOC, Canada’s central bank, announced on Wednesday afternoon, that they’d held the key interest rate at 1.75%. Maintaining their highest rate since 2008. The BOC stated there was “increased uncertainty” around future rate...
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Mar 6, 19 •
1902 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on The ECB rate setting announcement is forecast to reveal the rate maintained at 0.00%, but it’s Mario Draghi’s press conference where focus will be concentrated
At 12:45pm U.K. time, on Thursday March 7th, the Eurozone central bank, the ECB, will announce its latest interest rate decision. The widely held consensus is for the current key rate to be maintained at 0.00%, where it’s remained since July 2016, with the...
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Mar 6, 19 •
2160 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Aussie dollar slumps as GDP growth falls in Q4. Focus turns to Canada’s interest rate announcement on Wednesday and Mario Draghi’s press conference, set for Thursday afternoon
The latest GDP growth figures for the Australian economy, missed the news agency forecasts, causing a sudden sell off in the Aussie dollar versus its peers, during the Sydney and Asian trading sessions. Reuters had forecast a 0.5% rise for Q4 2018, the figure...
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Mar 5, 19 •
2191 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Whilst the BOC bank of Canada is widely tipped to maintain its interest rate at 1.75%, speculation in the Canadian dollar might increase
At 15:00pm U.K. time on Wednesday March 6th, Canada’s central bank, the BOC, will announce its decision regarding its latest interest rate decision. The current interest rate for the globe’s eleventh largest economy is 1.75%, a level which has been...
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Mar 5, 19 •
1810 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on China growth forecast falls to multi decade low of 6%, euro under scrutiny as ECB rate setting announcement nears
During the Asian session, the Chinese authorities at the annual Chinese National People’s Congress, announced a fall in the projected rate of annual GDP growth, from 6.5% to 6.0%, the lowest growth rate projected since 1990. The Chinese government...
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Mar 5, 19 •
2036 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on U.S. equity markets sell off suddenly as investors question China-USA trade talks progress, sterling slips in late trade
The main equity indices in America sold off, during the mid point of the New York trading session, as investors appeared to suddenly take cover, due to the progress regarding the ongoing trade agreement talks between China and the USA, apparently stalling....
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Mar 4, 19 •
1675 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Traders of the Aussie dollar need to remain vigilant during the Sydney and Asian trading sessions
On March 5th, at 3:30am U.K. time, the central bank of Australia, the RBA, will announce their decision regarding the country’s key interest rate, referred to as the “cash rate target”. The forecast, after the Reuters news agency has polled its panel of...
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Mar 4, 19 •
1652 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Chinese equity markets close up as optimism increases over China-USA trade deal. Sterling rises as the threat of no deal Brexit recedes
The CSI and Shanghai indices rose by over 1% during the Asian trading sessions, taking the year to date rise in 2019 of the CSI to 26%. Representing a highly significant reversal of Chinese equity markets’ fortunes and in stark contrast to the slump...
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Mar 4, 19 •
1813 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on FX traders will be hoping for increased price action opportunities to develop, during the trading week
Sterling will once again be under focus this week as the U.K. government considers bringing another vote to parliament, on the Brexit withdrawal agreement. The next official meaningful vote is scheduled for March 12th, however, certain U.K. publications are...