Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
The state of the union address is an annual event in which the USA President delivers an oratory outlining where the country is, in terms of economic performance and social cohesion. Generally regarded as an opportunity for the sitting President to humble brag, it’s also traditionally served as a method for the de facto C.E.O. […]
Cable (GPB/USD) slumped through the key handle of 1.300 during Tuesday’s afternoon trading session, close to the 200 (DMA) daily moving average, which is a level that many institutional FX traders will use, to determine long term bullishness, or bearishness of an FX pair. The accelerant for the sell off, which saw the major pair
Trading coaches and experienced traders, will offer up various analogies and imagery for the justification of why you should always use stops when trading. For novice traders an example might be learning to ride a bike as a child; you’d start off using stabilisers until you’re proficient, competent and are hopefully on a route towards
During the overnight Sydney trading session, the RBA (Reserve Bank of Australia) announced that the key interest rate, the cash rate, would be held at 1.5%, keeping the borrowing rate at a record low, for a record period of thirty months. The statement accompanying the decision was less dovish than expected, therefore the Aussie dollar
In a relatively quiet day for medium to high impact news releases on Monday February 4th, the data that was published missed expectations and created doubts regarding the underlying strength of both the USA and U.K. economies. In the London trading session, the latest IHS Markit PMI for construction came in at 50.6, missing the
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 level for the first time in its history, after reaching
Sterling has come under increasingly sharp focus recently, as the U.K.’s divorce from the European Union approaches; scheduled for March 29th 2019. The FX market is often referred to as “reactive”, as opposed to “predictive” and that description appears to have been sustained, by the increased value of sterling versus its main peers, over recent
Yesterday, the intraday price range of EUR/GBP was remarkably small, given the sharp swings in other euro currency cross rates. In line with the price trend of late, sterling remained well bid yesterday morning and the pair reversed a big part of the post-Nowotny gains early in the session. The pair spiked also higher from
Did Draghi Revive the EUR/GRP Read More »
Following the scheme of the prior weeks, the week was a mixed bag for the world markets on our weekly watch list. It saw half posted gains, half losses and an epitome of optimism. Starting with the American markets, stocks rose on a weekly basis as US companies reported better than expected results. However, it
Equities Market Review Read More »
Unemployment claims reverse most of previous weekís drop. In the week ended the 14th of July, US initial jobless claims edged up again. Initial claims rose by 34 000, from an upwardly revised 352,000 to 386,000, while an increase to 365,000 was forecast. In the previous week, initial jobless claims dropped sharply, to its lowest
US Economic Data Shows Sluggish Recovery Stalling Read More »
