While the main market focus over recent months has been on trade wars, fears have been building this week over potential currency wars following comments by President Trump. Speaking with CNBC, the President commented that he feels the Fed is undermining his efforts to strengthen the US economy by raising interest rates. When asked whether he wa...
Daily Forex Market Preview, 20/07/2018 The U.S. dollar was trading mixed on Thursday. After initially posting strong gains, the greenback eased towards the close of the day. Economic data showed that UK's retail sales fell 0.5% on the month missing estimates of a 0.1% increase. In the U.S., the Philly Fed manufacturing index rose to 25.7 on the...
Daily Forex Market Preview, 19/07/2018 Data from the UK saw the release of the inflation figures. Consumer prices in the UK were seen rising at a slower than expected pace of 2.4%. The median forecasts expected a print of 2.6%. Core inflation was also seen slowing, rising at a pace of 1.9%. In the Eurozone, headline inflation increased by 2....
Has Trump finally gone too far? During a Presidency which has become characterised by controversy and spectacle it appears that Donald Trump might finally have gone too far. Trump’s opinion poll ratings have been rising over recent months given his high-profile trade dispute with China which the President has labelled a noble crusade in defence...
We're going to be looking at the GBPCHF and taking a buy trade in this cross currency. We're going to break down the time frames and then highlight why we have come to this conclusion. [shortcode-variables slug="go2_tradeideas"]
Monthly: A bearish Elliott Wave pattern (5-waves) was compete at the 2011 low of 1.1462. Price action is holding within a triangle formation (107 months of mixed trading). Ichimoku Cloud resistance is seen at 1.4070. Marabuzo resistance May price action is located at 1.3365 Weekly: For the last 92 weeks we have held within a bullish cha...
Daily Forex Market Preview, 18/07/2018 The U.S. dollar was seen posting strong gains on Tuesday. The rebound came amid the U.S. industrial production rising 0.6% on the month. The Fed Chair Powell started his two-day testimony to the U.S. Congress. In his testimony, the Fed Chair maintained the hawkish rhetoric that the central bank should cont...
The European Central Bank released the minutes of the meeting held in June last week. The minutes covered the monetary policy meeting where the ECB announced its forward guidance. This included tapering the current bond purchases to 15 billion euro from September and an eventual end to QE by December 2018. The minutes showed that interest rat...
In this episode, Richard is following up on the previously posted “Bullish Patterns on Gold – EUR Stronger – Investors looking at YEN” article, and continuing the views he share during the “The World Cup NFP! – LIVE” webinar. Richard is also backing his volatility spike theory, previously posted with the “Trade War Sentiment – Volatility Spik...
A phenomenon that a lot of traders notice - and you might have seen it yourself - is that when they increase the size of their trades, their strategy seems to stop working. For some, even just switching from their demo account to their live account, and using the exact same strategy, will lead to making mess money. This might lead a few of them ...
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