Market Commentaries

After several decades of intense and heated discussion, the jury is still out and unable to reach a verdict in relation to the efficiency and effectiveness of technical analysis (TA). The opinions are generally binary and polar opposites; some FX analysts and traders swear by the proficiency of TA, others dismiss technical analysis as tea-leaf […]

On Thursday July 25th at 12:45pm U.K. time the ECB will reveal its decision regarding the key interest rates for the single trading-bloc the Eurozone. After polling their panels of economists both the major news agencies, Reuters and Bloomberg, are of the opinion that there’ll be no change to the current lending rate of 0.00%

Equity markets in the Asia-Pacific region mostly closed up on Wednesday morning following the rises on Wall Street on Tuesday, due to reports that trade negotiations between Beijing and Washington will restart next week. Bloomberg reported on Tuesday that Trump’s U.S. representative Lighthizer is travelling to China on Monday July 29th for face-to-face trade talks

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 stops. The reasons they deliver are various and fascinating. Some will cite that various brokers and the

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 stewardship the U.K. would be prepared to exit the European Union by

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 economic issues. Certain Japanese indicators such as: inflation, GDP, debt v GDP

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 escalated on Thursday evening as news broke that a USA warship shot down a drone

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 formula which could form part of an edge. It takes time to realise how risk and probability will

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 trade surplus of JPY 590 billion in June 2019 compared with a JPY 728 billion

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 usual grand-standing rhetoric. However, no sooner had his remarks; that the USA had