Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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. Whilst CPI annually fell to 1.8%, from the 2.1% figure recorded up to December 2018. […]
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 calendar events. These events are listed on your economic calendar. All
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 news agencies are missed, or beaten. The forecasts are obtained after the
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, as he held a cabinet meeting in the Whitehouse, that the date for a Chinese trade and
Global equity markets continue the bullish momentum as trade optimism continues to build Read More »
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 correction territory, defined as a market slumping 20% from its recent high.
On Wednesday February 13th, both the U.K. and USA statistics agencies will publish the latest metrics relating to inflation, for their respective economies. Inflation figures rank as high impact economic calendar events, due to their ability to move FX markets, particularly if the actual figures which are printed, miss or beat the forecasts from agencies
Global equity markets were cheered overnight, as news filtered down that the USA government had avoided an upcoming shutdown, after a budget was agreed by congress for border security. The agreed congress funding of $1.4b for border security, falls far short of the $5.7b of funding Trump wanted approved, to specifically build his infamous wall,
At 1:00am, on Wednesday February 13th, during the early part of the Sydney-Asia trading session, New Zealand’s central bank, the RBNZ, will broadcast their decision with regards to the bank’s key interest rate. Referred to as the OCR or official cash rate, the current rate is 1.75%, and according to the economists polled by Reuters
FX traders have to rapidly become conversant with many new concepts and the language that accompanies the various concepts. Not only do you have to learn the language of technical and fundamental analysis, you also have to quickly get up to speed with various phenomenon that can have an impact on your trading. Getting your
The U.S. dollar traded close to a six week high, versus a basket of its currency peers, during the overnight and early morning trading sessions on Monday February 11th. The upcoming USA-China trade talks begin this week, with the aim of discouraging the Trump administration from implementing the threat of sanctions, on a further $200b
