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Feb 20, 19 •
1994 Views •
Forex Trading Articles, Market Commentaries, Morning Roll Call •
Zahir Shah
Comments Off on Sterling rises on Brexit negotiation optimism, U.S. dollar falls as Chinese trade talks indicate little progress
Market analysts and FX traders were left confused on Tuesday as sterling rose by circa one cent versus the U.S. dollar. The significant move of GBP/USD, by circa 1% during the afternoon’s New York session, crashing the major pair up through the third level...
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Feb 19, 19 •
2649 Views •
Forex Trading Articles, Hot Trading News, Market Commentaries •
Zahir Shah
Comments Off on Focus will turn to the FOMC rate setting minutes on Wednesday evening, for evidence that a dovish monetary policy is developing
At 19:00pm U.K. time, on Wednesday 20th February, the FOMC (the Federal Open Market Committee), will publish the minutes from its January, two day meeting. The culmination of which, saw the FOMC announce that the key interest rate for the USA economy, would...
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Feb 19, 19 •
1940 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Yen falls as bank of Japan Governor Kuroda suggest more easing on its way, euro slips as forecasts are predicted to reveal slowing growth
Yen fell versus its major peers during the latter hours of the Asian session and the early part of the morning London trading session. The currency, often regarded as a safe haven, took a hit after the Bank of Japan Governor Mr. Kuroda issued a policy...
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Feb 19, 19 •
1862 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Sterling rises versus peers as markets expect progress on Brexit talks, China-USA trade talks boosts optimism
The U.K. pound edged up during Monday’s trading sessions, at 21:45pm U.K. time GBP/USD was trading up 0.30%, hovering close to the first level of resistance and recovering from printing three weeks of consecutive losses. At 1.295 the major currency pair is...
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Feb 18, 19 •
1674 Views •
Forex Trading Articles, Market Commentaries •
Zahir Shah
Comments Off on Oil reaches a three month high as trade optimism returns, Asian markets are boosted as China-USA talks move to Washington
China’s currency, the yuan, rose in the Asian session trading, as both the USA and Chinese negotiators announced that the trade and tariff discussions which took place in Beijing last week, would now continue in Washington. Investors and FX strategists took...
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Feb 18, 19 •
1609 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 •
1516 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 •
1620 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 •
1564 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....