Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
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 a period of time. The theory of churn is […]
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 respective countries’ currencies, particularly if the figures beat or miss the news agencies’ forecasts. FX
A day of inflation reports could cause fluctuations in the value of GBP, EUR and CAD Read More »
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, USD, also rose against its currency peers. At 8:45am U.K. time the dollar
Ambition should always be tempered with reality. When curious and pro-active investors first discover retail forex trading as an initial hobby, it’s inevitable they dream of reaching for the stars. That ambition and vision shouldn’t be discouraged as without it you’d have very little motivation to trade. You enter this industry to become financially independent,
Don’t ignore the evidence, part-time forex traders are the most successful Read More »
China’s year on year GDP growth came in as forecast by Reuters at 6.4%, the quarterly figure of Q2 did beat the 1.5% forecast by coming in at 1.6%, ahead of the Q1 reading of 1.4%. Analysed in isolation the Q2 figure was the lowest in 27 years, since 1992. The improvement between the Q1
Over the past 24 hours the media has reported that an A.I. robot named “Pluribus” has managed to beat multiple players at Poker. The research was jointly undertaken by Facebook and the Carnegie Mellon University in Pittsburgh, Pennsylvania. Pluribus has been built on the technique originally used to create Libratus, a poker playing A.I. that
What a Poker beating algorithm can teach FX traders Read More »
Since the June FOMC meeting minutes were released, during Jerome Powell’s delivery of his testimony on Capitol Hill in front of a finance panel, USD has fallen versus its peers as investors and traders have increased their bets that the interest rate will be cut by up to 0.5%, at the culmination of the July
U.S. dollar slips versus its peers, Bitcoin survives Trump’s first major criticism Read More »
Forex traders on trading forums often engage in debate regarding the supposed randomness of FX markets. Many experienced traders will refute the notion that FX markets are random as it would imply they’re chaotic and impossible to trade. Other experienced traders would suggest the markets are unpredictable, but they’ll also cite this issue doesn’t necessarily
Don’t buy into the claim that FX traders can be fooled by randomness Read More »
During the Sydney, Asian and the early stages of the London-European trading sessions USD continued to fall as a consequence of the dovish comments made by Jerome Powell, during his first day of testimony in Washington on Wednesday. June’s FOMC minutes released on Wednesday evening which also indicated the continuation of a dovish stance, added
Both the Eurozone markets and the futures markets for U.S. equity indices traded down in the early part of the London-European session. Investors in U.S. markets will be wary of taking new positions until Fed Chair Jerome Powell begins to deliver his two-day testimony in front of a finance panel in Washington, investors will also
