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Feb 4, 19 •
1862 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on Trading the reaction to the news release and not the actual news release, can prove to be an efficient FX strategy
FX traders eventually learn that the events listed on the economic calendar, have the power to move the FX markets. Whatever trading strategy and overall method you develop, perhaps by using some of the most popular technical indicators available, novice FX...
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Feb 4, 19 •
2087 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on The Australian central bank is forecast to maintain the current interest rate at 1.5%.
On Tuesday February 5th at 3:30am U.K. time, the RBA (Reserve Bank of Australia) will announce its latest decision, regarding the key interest rate for the Australian economy. Referred to as the “cash rate” in Australia, the forecast, from the economists...
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Feb 4, 19 •
2384 Views •
Forex Trading Articles, Market Analysis, Market Commentaries •
Zahir Shah
Comments Off on U.K. FTSE 100 reaches 7,000 in morning trading, Aussie dollar slips as building data disappoints the markets
The leading U.K. index the FTSE 100, breached the critical psyche level and handle of 7,000 during the early part of the London session to reach 7,040, a level not seen since early December 2018. During 2018 the index threatened to break through the 8,000...
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Feb 4, 19 •
1940 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on Corporate earnings could dictate the performance of USA indices over the coming week, whilst sterling and the U.S. dollar will remain under focus and pressure
Despite the latest NFP numbers beating the Reuters forecast of 165K (by some distance) on Friday Feb 1st, the U.S. dollar failed to rise significantly, when the figure of 304K jobs created in January was published. Beating the forecast has to be kept in...
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Feb 1, 19 •
1806 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on The simple trick you can play on yourself, to immediately become a highly disciplined FX trader
FX traders constantly receive advice regarding professionalism and discipline, in relation to trading and how these two factors can impact on your success. Retail FX traders will receive advice over the type of FX trading account they should open and which...
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Feb 1, 19 •
1697 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on China’s Caixan PMI reading misses forecast, sends Aussie dollar lower, GBP/USD falls as Brexit fears hits manufacturing sentiment
As a consequence of the: trade wars, tariffs and sanctions with the USA, China’s manufacturing base has suffered a blow, resulting in the sentiment amongst the purchase managers in Chinese manufacturing falling. The PMI missed the Reuters forecast of 49.7,...
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Jan 31, 19 •
1635 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on The latest NFP numbers and the unemployment rate for the USA, could move the FX market for the USD, when released on Friday 1st
On February 1st, at 1:30pm, close to the opening of the New York trading session, two high impact news releases relating to the USA economy, will be published. The first release concerns the latest January unemployment rate for the U.S. The current rate is...
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Jan 31, 19 •
2161 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on Simple, straightforward ideas for combining fundamental and technical analysis
The majority of experienced (and by association) successful traders, will always suggest that you require a combination of both fundamental and technical analysis in order to trade the: FX, equity and commodity markets proficiently. Traders quickly learn that...
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Jan 31, 19 •
1462 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on The latest Eurozone GDP growth figures will be carefully monitored, for any further signs that growth is weakening.
On Thursday January 31st at 10:00am U.K. time, the latest data relating to the Eurozone’s GDP growth and performance will be released, by the official stats agency, Eurostats. The current annual GDP growth rate (up to Q3 2018) is 1.6%. The forecast,...
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Jan 30, 19 •
1362 Views •
Forex Trading Articles •
Zahir Shah
Comments Off on Sterling stabilises after U.K. parliament vote caused a sharp sell off. Markets look towards USA GDP figures and FOMC rate decision, for U.S. dollar direction
After an approximate 1% sell off, shortly after the U.K. parliament passed a vote making a no deal Brexit more likely, GBP/USD stabilised in the overnight Sydney and Tokyo FX trading sessions. Both the U.K. mainstream media and the political circus...