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Mar 1, 19 •
1500 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on European manufacturing PMIs reveal a mixed picture, German retail improves, yen falls as manufacturing PMI misses forecasts
Various manufacturing PMIs were published by IHS Markit during the Asian and London-European trading sessions on Friday, the majority weren’t listed even as low or medium impact calendar events, as they’re considered unlikely to move FX markets. Countries...
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Mar 1, 19 •
1495 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling eases as FX traders bank recent gains, U.S. dollar rises as USA GDP growth beats forecasts
Sterling slipped back versus its main peers during Thursday’s trading sessions, as FX traders appeared to take profits, perhaps collectively calculating that this recent bullish movement had run its course. The recent surge in the value of the U.K. pound,...
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Feb 28, 19 •
1539 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on FX traders need to remain focused on Friday, as March begins with a busy day for economic calendar events
Friday March 1st is an extremely busy day for economic calendar events, beginning with a slew of results for the Eurozone. Data from Germany will include the latest retail figures which, according to the Reuters forecasts, are predicted to have risen by 1.90%...
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Feb 28, 19 •
1457 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on U.K. car production and exports slump, China’s factories suffer their largest export contraction since the 2008-2009 financial crash
After Honda recently announced they were exiting the U.K. by 2021, sector analysts and U.K. government mandarins, were hoping that the slump the car manufacturing industry is obviously mired in, wouldn’t show any signs of worsening, when the latest data was...
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Feb 28, 19 •
1545 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on GBP/USD reaches seven month high, as investors determine no deal exit less likely
Cable reached a seven month high during Wednesday’s afternoon trading session, after analysts and FX traders deduced that the U.K. govt. is likely to ask for a delay to Brexit, past the March 29th deadline. The chance of a no deal Brexit now looks less...
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Feb 27, 19 •
1435 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on The latest GDP figures for the USA could impact on FX markets if analysts and FX traders have overlooked the predictions
On Thursday February 28th, at 13:30pm U.K. time, the latest annualised QoQ Q4 figure for USA GDP growth will be published. According to the Reuters forecast, after they’ve recently polled their panel of leading economists, the headline GDP figure is...
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Feb 27, 19 •
1528 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Yen and U.S. dollar generate safe haven appeal, as India-Pakistan tensions rise
Japan’s yen and the USA dollar, both rose marginally versus their currency peers during the Sydney-Asian session, as two Indian warplanes were reported to have been shot down by Pakistani forces. This escalation came after India carried out incursions into...
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Feb 27, 19 •
1566 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Euro falls to a 21 month low versus sterling, GBP/USD reaches five month high, USA equity markets tread water
Sterling was the major focal point in the FX markets, during Tuesday’s trading sessions, GBP/USD traded at a high not seen since September 2018, whilst EUR/GBP fell to a low not witnessed since May 2017. The reason for investors’ bullish sentiment...
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Feb 26, 19 •
1284 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling rises versus peers as U.K. looks to delay Brexit, focus turns to the Fed chair Jerome Powell as he prepares to testify in front of the Senate
The U.K. pound rose versus the majority of its peers from late Monday evening until Tuesday morning’s London-European trading session, as rumours circulated regarding a volte-face by the U.K. prime minister. The rumours were two fold, firstly; that Mrs. May...
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Feb 26, 19 •
1518 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Oil slumps, USA indices continue the China trade rally, yen slips, U.K. Labour Party calls for second referendum vote
Risk on appetite returned to the global markets on Monday, after President Trump agreed to postpone the March 1st deadline, as the introduction date for 25% tariffs, on $200b of Chinese imports. After Chinese markets closed up between 5.5-6.5% on Monday,...