Morning Roll Call

US equity indices trade near record highs as dollar slump continues

Morning Roll Call

The US equity index the SPX 500 reached a record high of 3,678 before giving back some gains during Thursday’s trading sessions. The prediction of more Fed monetary stimulus, combined with optimism improving over the imminent Democratic administration under Biden, has encouraged risk-on sentiment to gain traction. Weekly jobless numbers beating expectations; by coming in […]

US equity indices trade near record highs as dollar slump continues Read More »

ECB to Begin Aggressive Tightening, Favoring Euro Bulls

Euro makes gains as covid vaccine progress improves sentiment across the continent

Morning Roll Call

The euro recorded steady gains versus the majority of its peers during Wednesday’s trading sessions after the U.K. govt announced it would be the first European nation to distribute the Pfizer Covid vaccine to a selected cohort of its most at-risk population. Germany, France and other leading E.U. countries announced they would carefully monitor the

Euro makes gains as covid vaccine progress improves sentiment across the continent Read More »

GBP/USD reaches a thirty-month high after Irish P.M. makes a positive outcome on the Brexit negotiations.

Morning Roll Call

GBP currency pairs initially traded in tight ranges during Tuesday’s early trading sessions as investors and traders begin to position themselves with the Brexit deadline in sight. The UK will exit the EU on December 31st. Many analysts are either pricing in the adjustment versus the euro and US dollar or expecting the last gasp

GBP/USD reaches a thirty-month high after Irish P.M. makes a positive outcome on the Brexit negotiations. Read More »

How to trade the New York open session?

Will December see US equity markets print fresh record highs and what are the prospects for GBP?

Morning Roll Call

Despite the equity markets selling off during the last session of November 2020, US equity markets, in particular, enjoyed a stellar month. All three leading indices; the DJIA30, SPX500 and the NASDAQ printed record highs during November with the DJIA notable for breaching the 30,000 level for the first time in its history. The optimism

Will December see US equity markets print fresh record highs and what are the prospects for GBP? Read More »

Euro whipsaws in wide ranges after the ECB’s confusing signals, USA equity markets fall as FOMC interest rate bets fade

Forex Trading Articles, Morning Roll Call

The euro experienced whipsawing price-action versus its peers during the afternoon sessions as the ECB announced its rate setting decision and outlined a new direction in terms of forward guidance. Rather than announce an interest rate cut in the short-term, the ECB and the President Mario Draghi surprised FX analysts and analysts as they suggested

Euro whipsaws in wide ranges after the ECB’s confusing signals, USA equity markets fall as FOMC interest rate bets fade Read More »

The Dollar King Damages All But Not America

U.S. equity market investors ignore the USA manufacturing PMI which indicates potential recession, to print new record highs.

Forex Trading Articles, Morning Roll Call

There are several red lights currently flashing for the U.S. economy, but when investors are locked into the herd mentality of risk-on sentiment and behaviour, many of the key economic fundamentals which analysts respect tend to be ignored. On Wednesday the latest IHS Markit U.S. Manufacturing PMI came in at 50.0 for July 2019, the

U.S. equity market investors ignore the USA manufacturing PMI which indicates potential recession, to print new record highs. Read More »

Forex Roundup: Dollar Rules Despite the Slides

Dollar index rises to five week high, sterling whipsaws after new P.M. is announced WTI oil rises

Forex Trading Articles, Morning Roll Call

In contrast with Monday’s quiet trading sessions, during Tuesday’s sessions the FX markets displayed healthy movement and provided extensive price-action opportunities for day-traders to bank profit. The dollar index rose to a five week high as investors increased confidence in the globe’s reserve currency after the IMF raised its GDP prediction for the USA to

Dollar index rises to five week high, sterling whipsaws after new P.M. is announced WTI oil rises Read More »

Major currency pairs trade in tight ranges as DJIA equity market trades sideways

Forex Trading Articles, Morning Roll Call

The price-action opportunities for day traders who specialise in trading the major pairs singularly were scarce during Monday’s trading sessions as the majors traded mostly in tight, sideways ranges during the day’s sessions. At 20:00pm U.K. time EUR/USD traded down -0.08%, USD/CHF up 0.02%, AUD/USD down -0.09% and USD/JPY up 0.16%. Monday was an extremely

Major currency pairs trade in tight ranges as DJIA equity market trades sideways Read More »

The value of GBP as a new prime minister is appointed and the value of USD and U.S. equities as GDP is printed will be the week’s main focus

Forex Trading Articles, Morning Roll Call

According to a weekend poll conducted by the polling firm You Gov, Tory voters are approximately 75% in favour of Boris Johnson becoming the next U.K. prime minister, with only 25% for Jeremy Hunt. The voting-decision will be announced on Wednesday July 24th although by Monday 22nd the Tory party hierarchy will already know the

The value of GBP as a new prime minister is appointed and the value of USD and U.S. equities as GDP is printed will be the week’s main focus Read More »

U.S. equity indices recover, oil slips as tension eases while USD slumps

Forex Trading Articles, Morning Roll Call

After beginning the New York session in negative territory the main U.S. equity indices recovered towards the end of the session, to register closing gains on Thursday July 18th. The DJIA closed up 0.03% with the SPX up 0.35% and the NASDAQ up 0.17%, ending a three-day losing streak. Moving aside the fears that the

U.S. equity indices recover, oil slips as tension eases while USD slumps Read More »