EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 12k contracts to take the total position to 11k contracts. The record long position that built up in EUR over the first few months of the year, on expectations of faster ECB monetary tightening, has now been reduced by around 90% as the market has reacted ...

2018-08-13 James Harte Read more

The markets look to a relatively quiet trading week as far as scheduled economic events are concerned. The news from the UK will, of course, dominate the headlines in an otherwise quiet week. Data from the UK will cover the inflation and the jobs report. This comes following last week's preliminary GDP release. Elsewhere, the labor market ...

2018-08-13 John Benjamin Read more
forex gold

Gold The yellow metal was lower once again this week, printing its fifth consecutive losing week, as the US Dollar climbed higher on global geopolitical tensions. With the Fed having reaffirmed its commitment to continuing its tightening program this year, and data continuing to print firmly, USD has been enjoying a renewed rally over recent we...

2018-08-10 James Harte Read more
forex TRY

In the latest “flash-crash” episode for the market, the Turkish Lira suffered a sharp and sudden fall overnight plunging around 13% against the US Dollar. TRY has been under increasing pressure this year as a stronger US Dollar and domestic economic concerns have weighed on prices, with the CBRT seemingly unable to stop the declines with their p...

2018-08-10 James Harte Read more
federal reserve

The U.S. Federal Reserve held its two-day monetary policy meeting last week which concluded on Wednesday. The central bank left interest rates unchanged as widely expected but said that the U.S. economy was "strong" maintaining the course for a further rate hike in September. [shortcode-variables slug="learn-forex-basics"] By noting that U...

2018-08-10 John Benjamin Read more
nzd rbnz

At its August monetary policy meeting held overnight, as anticipated the RBNZ kept rates unchanged disappointing the bulls with a more dovish tone than expected. Commenting on the outlook for the bank’s rate path, the RBNZ reaffirmed its message that “the direction of our next move could be up or down”. However, in a more dovish twist, the bank ...

2018-08-09 James Harte Read more
daily technical analysis

Daily Forex Market Preview - 09/08/2018 The U.S. Dollar was on the back foot on Wednesday. China is set to hit the U.S with fresh trade tariffs of the amount of $60 billion. The market reaction was however largely muted. [shortcode-variables slug="learn-forex-basics"] The British Pound was hit by a bout of negative sentiment. The currency...

2018-08-09 John Benjamin Read more
nfu uk farmers

As the Brexit negotiations rollercoaster continues to peak and trough, the National Farmers Union have now fuelled further panic by hitting headlines with a report that claims Britain would run out of food within a year if it was forced to be self-sufficient. The president of the Farmers’ Union Minette Batters requested that the government place...

2018-08-08 James Harte Read more
new zealand rnbz

The latest quarterly statistics on the employment front for New Zealand showed that the nation's jobless rate inched higher. Meanwhile, dull wage growth remained but pressures from strikes across the different sectors are expected to boost wage growth eventually. [shortcode-variables slug="learn-forex-basics"] Data released last week by th...

2018-08-08 John Benjamin Read more