“How To” Start Trading The Forex Market? ( Part 2)

“How To” Start Trading The Forex Market? ( Part 2) Why is FOREX trading so popular? Because you can trade from anywhere. From your kitchen table, bedroom, garage or from the nearest Starbucks coffeehouse ( most of them have wireless Internet connection). If you have or like to travel, take your laptop with you and […] Read more

Real GDP Growth Revised Down, but Household Spending Revised up in the Second Quarter

The American economy grew by 1.1% (annualized) according to the BEA’s second estimate, a notch below its preliminary estimate (1.2%), but on par with the consensus expectation. Despite the downward revision to the headline, the details were generally positive on the state of private domestic demand. Consumer spending was Read more
Advanced Currency Markets - Forex Issues and Risks

All Eyes On Jackson Hole

News and Events: Central bank credibility at stake (by Yann Quelenn) Should we really expect something big to come from tomorrow’s Jackson Hole Policy Symposium? The Fed will, as usual, provide hawkish comments and hints that “a possible rate hike” before year-end is possible. Of course this will never happen, Read more

Moving Monetary Policy Targets Is Not The Answer

In today’s macro environment, changing the goalposts because you can’t score between them is NOT the answer to the ineffective nature of contemporary monetary policy. You can’t just move the target or you may as well be shooting bubbles! RBNZ Governor Graeme Wheeler, speaking about monetary policy Read more

Aussie Lower as Strong US Data Supports Greenback

The Australian dollar has posted considerable losses on Friday. Early in the North American session, the pair is trading just above the 0.76 level. There are no Australian or US releases on the schedule. US numbers were positive on Thursday, and continue to boost the US dollar. US unemployment claims dropped to […] Read more

Sunrise Market Commentary

Markets European shares ended roughly 1% lower yesterday as speculation that the Fed could hike rate as soon as next month weighed. Sentiment turned after the European close with US Equities reversing their losses as the Fed minutes showed diverging opinions on to the timing of the next rate hike. This morning, […] Read more

Fed RE-Think And Reiterations

Fed Re-Think and Reiterations The USD sold off for the entire London session, with the catalyst apparently an academic letter by San Francisco Fed President and FOMC member Williams, which was released a day earlier. However, with Fridays soft retail sales report still fresh in Traders’ minds, it did not take much […] Read more

Pound Falls Below 1.29 on Soft Housing Report

The British pound has recorded slight losses to start off the week. In Monday’s North American session, GBP/USD is trading at 1.2875. On the release front, British Rightmove HPI declined 1.2%. In the US, the Empire State Manufacturing Index dropped 4.2 points, well below expectations. Tuesday promises to be busier, with Read more

Markets on Standby as US Retail Sales Loom

The pattern of stocks wildly oscillating between losses and gains is becoming a recurrent theme with such observed today as most major equities swung back into gains. Asian markets concluded positive and the bullish contagion kept European shares buoyed. Wall Street surged ferociously on Thursday with American stocks potentially Read more

Crude Oil Prices Slide As US Inventories Rise

Market Brief Crude oil prices had some respite last week as the West Texas Intermediate rose 11% from $39.20 to $43.50 a barrel. Immediately, several market participants turned bullish and predicted that the black gold would quickly return towards the $50 threshold, neglecting to take into account the weak global environment Read more

Canadian Housing Starts Fell by Less than Expected in July

Housing starts fell to an annualized 198,000 units in July 2016, thereby retracing about one-half of the outsized 17% jump to 218,000 in June. After jumping to a nine-month high in June on the strength of multi-unit construction in Ontario and British Columbia, expectations had been for housing starts to moderate to […] Read more

Gold Steady after Sharp Losses at End of Week

Gold has posted small losses on Monday, following sharp losses in the Friday session after the Nonfarm Payrolls report. In the North American session, the pair is trading at $1335.72. On the release front, it was a very quiet start to the week, with just one event on the schedule. US Labor Market […] Read more

Aussie Posts Gains After RBA Statement Mum on Further Cuts

The Australian dollar has edged higher on Friday, continuing the upward movement seen in the Thursday session. AUD/USD is currently trading at 0.7660. In economic news, the RBA released its monetary policy statement. In the US, employment numbers will be in the spotlight, with three key releases – Average Hourly Earnings, Nonfarm Read more

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