Fundamental Analysis & Overview OPEC, the cartel of petroleum exporting nations, are holding meetings today, the 22nd of June 2018. This meeting is held as usual in Vienna and it will most likely have a direct impact on the price of crude oil. The United Arab Emirates oil minister, who is also the President of OPEC, stated recently th...

2018-06-22 Richard Tataru Read more

Monthly: Moved higher from the 2016 low of 1.1905. Levels close to be bespoke resistance at 1.4390 found sellers. Aprils price action formed bearish Outside Bar, often an indication that the rally (correction) has come to an end. Follow through selling pressure has resulted in GBPUSD trading to the lowest level in 7 months. Reverse trend line su...

2018-06-22 Ian Coleman Read more

Daily Forex Market Preview, 22/06/2018 The Bank of England’s monetary policy meeting held yesterday saw officials keeping interest rates steady at 0.50% as widely expected. However, this came amid three dissenting votes including that of the BoE’s chief economist, Andrew Haldane. The central bank also signaled that it would begin to unwind...

2018-06-22 John Benjamin Read more
Breakout Trading Like A Boss

In this session James will be exploring one of the most popular trading styles used by experienced traders over many years to trade the markets. Our expert analyst will explain what breakout trading is, look at its pros and cons, detail specific breakout strategies as well as highlight the tools that can help your breakout trading flourish! W...

2018-06-21 James Harte Read more
weekly commodities

Gold The yellow metal collapsed lower this week due to the much stronger US Dollar which rose to an 11-month high this week. Despite broader concerns for the US economic outlook in the wake of continued trade tensions with China, investors instead chose to focus on the Hawkish shift in the Fed. The Fed meeting saw rates raised for the second ti...

2018-06-21 James Harte Read more
opec meeting

The upcoming OPEC meeting this week has taken on a great deal of focus given recent developments. Last week Russian and Saudi Arabian leaders met alongside the opening game of the World Cup to discuss plans to increase oil production while maintaining the petro-alliance forged in 2016. The proposals are centred around forming an OPEC+ group that...

2018-06-22 James Harte Read more
forex intra analysis

Daily Forex Market Preview, 21/06/2018 The U.S. dollar was seen posting gains on Wednesday. Economic data was sparse. In the overnight trading session, New Zealand’s quarterly GDP numbers were reported. Data showed that New Zealand’s GDP advanced at a pace of 0.5% as widely expected. However, the Kiwi dollar continued to extend losses. The e...

2018-06-21 John Benjamin Read more
ecb holds

The European Central Bank's monetary policy meeting was held last week. As widely expected, the central bank left the key interest rates unchanged at last week's meeting. The main refinance rate which is at zero percent, the deposit rate which is at -0.40% and the marginal lending rate which is at 0.25% were left unchanged. However, invest...

2018-06-21 John Benjamin Read more
andy krieger trader

October 19th 1987, will forever be known as ‘Black Monday’ – or the day the stock markets crashed across the globe. By the end of October 1987, panic had spread and most markets went spiraling down by 20%. 32-year old Andy Krieger carefully watched the currencies rallying against the US dollar, as an aftermath of the incident. He targeted the...

2018-06-20 Orbex Read more
merkel

While most of the recent market attention has been on the political situation in Italy, the political environment in Germany has been bubbling over. The historic alliance between the German CDU party (of Chancellor Merkel) and the Bavarian CSU party has become strained to the point of breaking over diverging views on migration policy. CSU Break...

2018-06-20 James Harte Read more