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Jul 23, 19 •
2830 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Trading without stops can it ever make sense or is it reckless?
Many traders in the FX retail trading community will trade without any form of stops. Surprisingly, these aren’t necessarily naive or inexperienced traders, some are actually experienced traders who will attempt justify why they prefer to trade without...
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Jul 23, 19 •
2554 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Sterling faces scrutiny as new U.K. prime minister is announced yen falls as BOJ hints at further easing
Between 11am and 12am U.K. time the U.K. government and Tory party is set to reveal who their voter base has chosen as their next leader and consequently the British prime minister. The odds-on favourite is Boris Johnson whose insistence that under his...
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Jul 22, 19 •
2540 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on In a quiet day for economic calendar news focus will turn to GBP as the Tories complete their leadership vote ballot
The economic calendar has no medium to high impact events listed today, other than the BOJ Governor Kuroda appearing at the IMF in Washington to deliver a speech this evening. The content of the speech may concentrate on Japan’s economy, or wider global...
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Jul 19, 19 •
2614 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Oil rises after Iran drone shot down, global markets rise as bets increase the FOMC will announce a rate cut on July 31st
WTI oil had sold-off sharply on a weekly basis as the tensions relating to safe sea-passage of energy through the straits of Hormuz, the busiest shipping-lane for the transport of oil on the planet, reduced significantly. However, tensions were suddenly...
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Jul 18, 19 •
2645 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on How saying hi to higher-highs helps you to determine bullish sentiment
Eventually novice traders begin the laborious task of stripping their charts back to their initial, naked, vanilla appearance. This generally occurs after they’ve experimented with many individual indicators and clusters of indicators in search of a winning...
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Jul 18, 19 •
2460 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Weak Japanese import-export figures hit yen, Australian job data impacts on Aussie dollar, GBP rises as U.K. parliament looks to prevent no-deal exit
As analysts await Japan’s latest CPI figure to be published in the early part of Friday’s Asian session, the latest import-export figures for the globe’s fourth largest economy indicated that the country is struggling to increase growth. Japan posted a...
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Jul 17, 19 •
2078 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on U.S. equity markets fade as Trump re-ignites tariff war with China
WTI oil slumped by up to 4% yesterday after both Iran officials and President Trump intimated that a negotiation was possible in order to avoid future conflict. Many analysts were surprised by this sudden Trump climbdown, which represents a departure from his...
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Jul 16, 19 •
2118 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Controlling your costs and trading through an STP-ECN broker gives you the best chance of experiencing FX trading success
It’s wrongly assumed that many FX brokers operate a short-term view of the retail trading industry. The widely held consensus is that they operate a churn process, in as much as they’re looking to rake in as much as possible from their clients in a short...
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Jul 16, 19 •
2007 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on A day of inflation reports could cause fluctuations in the value of GBP, EUR and CAD
On Wednesday July 17th several countries’ statistics agencies will publish their latest data on CPI (consumer price inflation). These data releases are usually considered to be high impact calendar events due to their ability to move the markets in the...
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Jul 16, 19 •
2260 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Swiss franc and Japanese yen rise in safe haven play, sterling slumps as Brexit fears stalk FX markets
The two currencies considered to be safe havens for investors and FX traders alike rose during the early trading sessions on Tuesday, as both the Swiss franc and Japanese yen registered gains versus the majority of their peers. The globe’s reserve currency,...