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Feb 18, 19 •
1606 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on The ongoing China-USA trade talks, Japan’s CPI, the FOMC minutes and a raft of PMIs relating to Europe, are the key high impact calendar events to monitor this week
USA equity markets finished with a flourish on Friday February 15th, the DJIA closed up 1.74% and the SPX up 1.09%. The implementation of a national emergency by Trump, to get funding for his Mexico border wall, was not enough to dent market confidence, as...
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Feb 15, 19 •
761 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Global market sell off gathers steam as China-USA trade talks make little progress and Trump declares national emergency
In an act of pique, due to not receiving funding for the infamous Mexico-USA wall, Trump declared a state of national emergency on Thursday night. The practicalities, if the national emergency comes into force, are straightforward. His govt, his de facto...
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Feb 15, 19 •
1514 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Retail sales crash in the USA, whilst tariff talks with China fail to make breakthrough, causing USA equity indices to give up gains, during the New York session
The latest retail sales data for the USA economy missed the Reuters target by some distance when published. The forecast was for a drop to 0.1%, however, the actual print came in at -1.2% for December, month on month. Analysts and market commentators on...
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Feb 14, 19 •
1616 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on The German economy avoids a technical recession, whilst China’s exports bounce back
Germany’s latest GDP figure for Q4 came in at 0.00%, ahead of the -0.2% recorded for Q3. Two quarters (in series) of negative readings is regarded as a recession. Therefore, Germany’s economy could currently be described as stagnant, despite YoY growth...
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Feb 14, 19 •
1561 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on GBP/USD whipsaws in a wide range, due to Brexit and inflation data, CPI for the USA falls due to lower energy costs
On Wednesday morning, the U.K. statistics agency, the ONS, published its latest data series and snapshot, regarding inflation for the U.K. The headline CPI inflation surprised the economists polled by Reuters, coming in at -0.8% for the month of January....
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Feb 13, 19 •
1653 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Why traders should always diarise high impact calendar events, whatever time of the day they’re published
FX trading is a global 24/5 business, it hardly ever sleeps. From Sunday evening to Friday evening, the industry, in all its facets, turns over circa $5 trillion each trading day. The FX markets are moved primarily by breaking economic news and high impact...
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Feb 13, 19 •
1463 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on German and Eurozone GDP growth figures will be carefully scrutinised, for any evidence of further economic weakening
Thursday February 14th is a busy day for high impact calendar news. Crucial data concerning: the German economy, the Eurozone and the USA economy, will be released. This is data which has the power to move markets, particularly if the forecasts by various...
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Feb 13, 19 •
1598 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Global equity markets continue the bullish momentum as trade optimism continues to build
Overnight and in the early morning Sydney and Asian trading sessions, many of the globe’s prominent equity markets continued the “risk on” rise, which has developed over recent sessions. President Trump intimated during a questions and answers session,...
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Feb 13, 19 •
1656 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Risk appetite returns as USA indices recover their December loss, USD falls as dollar safe haven appeal recedes
December 2018 proved to be an unusual and rogue month for USA equity markets, traditionally the markets rally in late December, whilst delivering the infamous Santa rally. But 2018 was different; the key U.S. markets sold off, with the NASDAQ and SPX entering...
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Feb 13, 19 •
1891 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on Who are you trading for, why are you FX trading? Why you must define your trading purpose.
Many of you will have stumbled into FX trading by accident, rather than design. FX markets are not like other markets, that you’ve always been familiar with, in which you simply take a punt. The FX retail trading market can’t be compared to, for example,...