Forex traders experienced frustration during Monday’s trading sessions as price action amongst the majority of currency pairs was thin on the ground. Price of the major currency pairs mostly traded in narrow ranges, moving sideways and offering up very little in the way of trading opportunities. There was a distinct lack of high impact calendar […]
The U.S. equity markets suffered a minor and temporary blip on Friday July 5th after the surprise NFP job creation number for June beat forecasts by some distance, the report suggested that the USA is currently experiencing a boom in employment prospects. Counter intuitively U.S. equity markets sold off sharply as the encouraging NFP data
The USA and U.K. will be the focus for high impact calendar events this week. Read More »
XAU/USD rose through the $1,330 per ounce level for the first time in several months, during Monday’s trading sessions. Investors and traders sought solace and refuge in the precious metal and other safe haven assets, due to the continued nervousness relating to trade wars and tariffs. At 20:10pm U.K. time, gold traded at 1,328, up
The weekly economic calendar events begins with an extremely busy day on Monday June 3rd, as the latest Caixan manufacturing PMI for China is published in the Asian session; the Reuters forecast is for a reading of 50, right on the line separating contraction from expansion. Analysts will monitor this level carefully, for any signs
The U.K. pound continued its slide during Thursday’s trading sessions, as the chaos and confusion surrounding the current Tory government, continued to gather pace. After yet another candidate announced their intention to run for the job of leader, once Theresa May leaves the position in the second week of June, a former leader of the
After opening in positive territory, the key USA equity indices sold off sharply towards the end of the trading session, as China fears (once again) came to the fore, after several day’s respite, whilst Trump was on tour in Japan. The SPX index whipsawed in a wide range, oscillating between initial bullish and later bearish
Volatility and liquidity were lower in the FX markets during Monday’s trading sessions, as the U.K. and USA enjoyed one day public holidays and no high impact calendar events were published. President Trump also took the weekend off from his usual activity, of threatening various countries’ economies via social media. Instead, he concentrated his efforts
Forex and equity market trading will be thin at the start of the week, as Monday is a bank holiday in the U.K. and the USA recognises Memorial Day; a federal holiday in the United States, for remembering and honouring people who have died while serving in the United States Armed Forces. The holiday is
European and USA market sentiment reversed during Thursday afternoon’s New York trading session, following on from Chinese equity markets selling off sharply, during Thursday morning’s Asian trading session. The slump over the past twenty four hours, in global equity markets, wasn’t necessarily related to any social media narrative published by the Trump administration, or defensive
The U.K. pound rose marginally in early evening versus its peers, as a consequence of political rumours prime minister May was scheduled to immediately resign, after her revised withdrawal agreement (WA) spectacularly backfired on Tuesday. Perhaps, after being caught short on Tuesday, after a revised WA agenda offering a referendum proved to be a largely
