EURUSD 20-04-2018

Daily Forex Market Preview, 20/04/2018 The UK's retail sales data showed a larger than expected decline. Retail sales in March fell sharply 1.2% on the month. This was larger than the expected decline of 0.5% that was forecast by economists. The declines also reversed the 0.8% increase from the previous month. Data from the U.S. showed that ...

2018-04-20 John Benjamin Read more
GBPUSD 20-04-2018

Daily Forex Market Preview, 20/04/2018 The UK's retail sales data showed a larger than expected decline. Retail sales in March fell sharply 1.2% on the month. This was larger than the expected decline of 0.5% that was forecast by economists. The declines also reversed the 0.8% increase from the previous month. Data from the U.S. showed that ...

2018-04-20 John Benjamin Read more
XAUUSD 20-04-2018

Daily Forex Market Preview, 20/04/2018 The UK's retail sales data showed a larger than expected decline. Retail sales in March fell sharply 1.2% on the month. This was larger than the expected decline of 0.5% that was forecast by economists. The declines also reversed the 0.8% increase from the previous month. Data from the U.S. showed that ...

2018-04-20 John Benjamin Read more
When the Markets are Closed: Episode 1

Businesses certainly take time off on the weekends. Even the stock exchanges across the world maintain trading hours like banks and this means that they remain closed on the weekends. And, while they say that the forex market never sleeps, it does remain closed on the weekends too. But, this doesn't mean that weekends are complete downtime fo...

2018-04-20 Orbex Read more
Trade like a Jedi

In the first session of its kind, Richard Tataru our Elliott Wave Jedi, will be with you live to discuss the fast-approaching Non-Farm Payrolls. Prior to the NFP release, Richard will be analyzing and discussing the possible scenarios according to the market position and patterns, giving you some comprehensive preparation going into one of the l...

2018-04-20 Richard Tataru Read more
Carney Cuts Cable

The pound sustains its biggest weekly decline in over four months after the Bank of England governor sparked a rethink of interest rate hike expectations for next month’s meeting. Is the BoE the latest central bank to panic over the rapid appreciation in its currency, or is there more to Carney’s comments? In an interview yesterday with the B...

2018-04-20 Ashraf Laidi Read more
CAD: Expectations Vs Reality

You must be wondering why I keep writing about the Canadian dollar. My first article for this column was on September 13, followed by October 11 and January 17. Over the last 12 months, the Canadian dollar has risen 8% against the US dollar. It is the strongest currency among the G10 currencies over the last 4 weeks. So, what happened to the cur...

2018-04-19 Ashraf Laidi Read more
Metals Rally On China Rate Cut

Gold Despite slightly higher US yields, gold prices were higher this week as on-going trade tensions between the US and China have kept the US Dollar penned in. Markets had been hopeful of calmer trading given the Chinese President Xi’s recent speech at the Bao forum, in which he said that the country would be more open regarding trade policies...

2018-04-19 James Harte Read more
BOC Highlights Rate Hike Headwinds

As widely expected, the Bank of Canada kept its headline cash rate unchanged at this month’s meeting with an accompanying statement that somewhat dampened bulls’ expectations. The BOC noted that its decision is “consistent with an economy operating with little slack”. Regarding inflation, the bank said that it sees total inflation hitting 2.3% t...

2018-04-19 James Harte Read more
FOMC minutes reveal a hawkish bias

The Federal Reserve Bank released its monetary policy minutes from the meeting that was held in March this year. The central bank had hiked interest rates by 25 basis points which was widely anticipated. At the meeting, central bank officials stuck to the baseline scenario of sticking with three rates hikes in 2018. Following the March rate h...

2018-04-19 John Benjamin Read more