Market Commentaries

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 […]

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

You’ll immediately recognise the emotions and patterns associated with the gambler’s fallacy; you have an extended series of wins or losses in the market and you begin to think that the next result will inevitably be the opposite. When in reality (based on what can be a random distribution of results) you’re just as likely

Wednesday July 10th is an extremely busy day for medium to high impact calendar events and data releases which have the power to move the forex markets in the relevant countries’ currencies. Both the U.S. and Canadian dollars and the U.K. pound will come under close scrutiny as the key data is released pertaining to

The U.S. dollar continued the rise versus its peers which began on Friday when the NFP numbers beat the news agencies’ forecasts. Many traders began to increase their bets from Friday that the Fed will raise the key interest rate from 2.5% in the final half of 2019. This dollar bullishness has continued into Tuesday’s

Many successful traders quickly establish the impact probability has on their trading outcomes. However, the vast majority of traders fail to investigate or fully rationalise the impact the phenomenon of probability has, they’ll also neglect to realise how probability can be easily and practically applied to their trading decisions. For the most part the effect

Japanese equity markets slipped during the Asian trading session, as disappointing machine orders data dented confidence that the Japanese economy can manufacture an improvement over the current 0.9% annual GDP growth. For May core machine orders came in at -7.8% missing the forecast of -3.7%. The Nikkei index closed down circa -0.98% after rising by

We acknowledge that the forex market is the largest global trading market there is. As an entity that turns over circa $5 trillion each trading day, we could also put forward a claim that it’s the greatest example of efficient market hypothesis there is. The forex market moves in perfect unison with global sentiment relating

Germany’s latest manufacturing factory orders continued to free-fall according to the latest data reported by Germany’s statistics agency Destatis on Friday morning. Month on month orders slumped by -2.2% for May, year on year orders have fallen by -8.6%. The -4.3% drop in foreign orders during the month is the major cause of concern for