2018

OPEC's top oil-producing nation Saudi Arabia and Russia negotiated a deal in private in September to raise the oil output. The move comes amid calls from the U.S. President Trump urging Saudi Arabia to do more amid higher prices. Further…
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For a lot of traders, trading is something of a hobby, and they approach it with the same level of disorganization that they do their stamp collection. On the other hand, some hobbyists take their actions seriously and act with…
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Believe it or not, Twitter has the power to influence governments and the financial markets through tweets. One person who has moved policy and market directions through his tweets is US President, Donald Trump. Ever since Mr. Trump took…
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Daily Forex Market Preview, 05/10/2018 The U.S. Dollar was seen giving up some of the gains on Thursday. Price action retreated after a strong rally during the previous days. Economic data on the day was mostly limited. Australia’s trade…
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Buyers returned in front of the Fibonacci confluence are of 1.2905. Yesterday’s price action posted a Bullish Outside Day, often an indication of a change of trend. Mixed and volatile trading for the last 9 days looks to have formed a…
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The Federal Reserve Bank of the United States is undoubtedly the central bank that the world watches. In a way, one could say that when the Fed sneezes, the global economy catches a cold. Or so the saying goes! But this shouldn't come…
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The star of this week's economic calendar is the release of US Non-Farm Payrolls (NFP), which is expected at 8:30 EST (14:30 CET). Let's not forget that NFP is a nickname for a load of monthly US employment data that is all released at the…
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Weekly: The Index currently trades within an ending wedge formation. Price action has once again rejected a move above the pivotal 5540-50 area. Last weeks shooting star candle has led to weaker price action this week. Daily:  A…
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Daily Forex Market Preview, 04/10/2018 The U.S. Dollar was seen maintaining the gains on Wednesday. The USD Index was seen rallying to a fresh one month high on an intraday basis. Economic data on the day showed that the Eurozone's final…
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Summary Federal Reserve hikes rates by 25bps to bring short-term interest rates to 2.0% - 2.25% as widely expected One more rate hike projected by the end of this year Three rate hikes penciled in for 2019 Fed removes…
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