Relatively quite trading day … The market has been relatively quiet during the week so far, except for a few specific currencies. During today’s Asian session the main focus was the recent NBNZ Business Outlook which came out pretty negative for the NZD. For those of you who follow our forecasts will know that
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Slow start to the week so far… The market has been relatively quiet during today’s Asian session. The risk sentiment has soured again with Pres. Trump tweeting that he wants the EU to remove all their trade barriers and tariffs or else… Also, the US administration further mentioned that they are looking to restrict
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Less risky atmosphere today but the theme still in play overall The massive risk aversion tone in the market has been receding during today’s Asian session and early London session with equities in Asia and Europe all green across the board. A pullback after the last two day’s selling could have been expected
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Tit-for-tat trade spats starting to take its toll…Continued The big focus in today’s Asian session remained the recent trade war rhetoric and actions between Trump and China. After China announced that they would retaliate against the US tariffs, pres Trump responded by saying the US would impose a 10% tariff on another $200bl Chinese
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Tit-for-tat trade spats starting to take its toll… The big focus in today’s Asian session was recent trade war rhetoric coming from Trump and China. The Trump administration issued tariffs against China to the value of $50b, and China replied in kind by announcing they would retaliate with their own tariffs. The school ground
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All the focus is down under…again The big focus in today’s Asian session was recent trade war rhetoric coming from Trump against the EU and Canada. As a result, risk assets has really taken a beating, to the benefit of the JPY and CHF. Furthermore, AUD remains on the back foot after yesterday’s data
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All the focus is down under… The big focus in today’s Asian session was the AUD GDP releases which printed well above expectations. The AUD has been fairly well supported throughout the week so far and we assume that the GDP beat will continue to support the AUD. We would say that the biggest
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Focus on Sterling for today… Today’s Asian session was pretty subdued, with the only real focus being on the recent RBA rate announcement which came out as expected. Furthermore, given the current risk sentiment the AUD and NZD remained strong during yesterday’s sessions as well as early Asian trade today. The biggest focus for today’s
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All seems calm for now… The markets started today’s asian session pretty calm. The main focus was the Australian Retail sales releases which came out better than expected which has been good for AUD so far. The good Retail sales report has given some positive expectation for the next GDP release for AUD. After Friday’s
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Can you say Yowza!?… The market’s main focus yesterday was the deterioration in the political front in Italy which caused massive moves in the Italian bond market. The big moves placed a lot of pressure on the Euro, resulting in all major Euro pairs dropping to big figure lows. As a result, the market’s focus
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A slow start to the trading week… The market has been relatively quiet during today’s Asian session so far with the lack of any important data releases as well as bank holidays for GBP and USD. The overall risk averse tone has improved over the weekend as it looks like there is chance that the
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A mixed day so far… The market has been relatively quiet during today’s Asian session so far with the lack of any important data releases. The overall risk averse tone has somewhat slowed down a bit after yesterday’s news that President Trump has cancelled the planned Korean summit with North Korea. As such, the jpy
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Risk tone still prevalent… The main focus during today’s Asian session has been the dovish focus on yesterday’s FOMC minutes with the dollar trading a little lower. On the other side of the pond the JPY pairs are still pressured with the overall risk tone in the market due to geopolitical and trade war rhetoric.
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Trump has done it again… The main focus during today’s Asian session has been the comments made by President Trump yesterday regarding his doubt whether the summit between him and Kim would still take place. He also stated that he was very unhappy with the way the China trade talk has progressed. All of this
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The main focus during today’s Asian and European session was WTI which has remained very bullish during the two sessions running at $72.51 (at the time of writing) due to recent geopolitical tensions in the middle east. This has been very supporting for the Canadian dollar, in spite of recent negative talks surrounding NAFTA. Furthermore,
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All aboard the Dollar train The main focus during today’s Asian Trading session was the NATIONAL CORE CPI Y/Y for the JPY which came out rather disappointing. This was the second consecutive CPI miss and adds to the pressure on the currency after Wednesday’s miss on GDP. Furthermore, the dollar is continuing to stay firm
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How to place a trade in MT4 If you want to learn more about MT4 then you have come to the right place. After numerous requests we have decided to start a blog section dedicated to teaching MT4 basics. In this part, we will focus on how to place a trade in MT4.
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How to measure Pips in MT4 If you want to learn more about MT4 then you have come to the right place. After numerous requests we have decided to start a blog section dedicated to teaching MT4 basics. In this part, we will focus on how to measure Pips in MT4. For this
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How to draw Horizontal Lines in MT4 If you want to learn more about MT4 then you have come to the right place. After numerous requests we have decided to start a blog section dedicated to teaching MT4 basics. In this part, we will focus on how to draw Horizontal Lines in MT4. Now,
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What is Forex Trading? If you have ever wondered what is forex trading, then this article is for you. With all of the hype surrounding Forex Trading we thought it would be a good idea to provide some basic knowledge about what Forex Trading is, and also what it is not. With all the false
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