Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
If you regularly peruse the most popular FX trading forums, or read books and articles on the subject of FX trading, you might constantly stumble across the phrase; “wait until the market comes to you.” It’s an evocative phrase, conjuring up ideas of: virtuous patience, laying in the long grass primed in hunt mode, setting […]
On Tuesday May 7th, at 5:30am U.K. time, Australia’s central bank the RBA, (reserve bank of Australia) will announce its latest decision, regarding the headline interest rate. Referred to as the “cash rate”, the rate is currently at 1.50%, it has remained at this record low for thirty months, which also signifies a record period
Could the RBA central bank lower Australia’s key interest rate by 0.25%? Read More »
After months of trade talks and negotiations between China and the USA, which have been making little progress, the Trump administration appeared to take a gamble; by blinking first and threatening to increase tariffs, over and above the $200b of imports the tariffs already apply to. On Sunday, Trump took to social media to state
Shortly after the main London FX market opened, the dollar index (DXY) traded at 97.94, up 0.10%, as marginal dollar strength has returned to forex markets over recent trading sessions. The narrative delivered by Jerome Powell, the Fed chair, after the FOMC announced no changes to the current upper bound interest rate and to their
On Friday May 3rd, at 13:30pm U.K. time, the latest series of NFP jobs data will be published. The key headline figure, which is listed as a high impact event on economic calendars, is the metric indicating the amount of “non farm payroll jobs”, created in the previous month of April. Traditionally, barring bank holidays,
After whipsawing in a tight range versus several of its peers on Wednesday evening, during the period between the FOMC rate hold announcement and the conference held by Jerome Powell, the Fed chair, the U.S. dollar consolidated its position during the Sydney and Asian trading sessions. By 7:30am U.K. time on Thursday morning, the dollar
On Thursday May 2nd, at 12:00pm U.K. time, the MPC, Monetary Policy Committee of the U.K. central bank, the Bank of England, will announce its decision regarding the U.K. economy’s base interest rate. The rate is currently 0.75%, it’s risen twice since the BoE lowered the rate to a record low of 0.25% in June
After experiencing several sessions of losses, USD registered marginal gains versus several peers, during the Asian and early part of the London-European sessions. At 7:45am U.K. time the DXY traded up 0.06%, rising further above the 97.00 handle at 97.53. USD/JPY traded up 0.12%, oscillating close to the daily pivot point, displaying a daily, price
Experienced traders can be rendered open mouthed when they peruse trading forums and read reports from novice traders, who’ll continually trade without stops. Capital preservation is one of the key factors when you trade markets; your risk has to be monitored and limited, at all times. During your early, fledging, months and years, one of
If you’re trading without stops then you’re taking unnecessary risks in the FX market. Read More »
At 19:00pm U.K. time, on Wednesday May 1st, the FOMC (Federal Open Market Committee) will announce its decision on the USA key interest rate. The widely held consensus, arrived at after news agencies such as Bloomberg and Reuters have polled their panels of economists, is for the key rate, referred to as the upper bound
