technical analysis 16th august

Daily Forex Market Preview, 16/08/2018 The U.S. dollar was seen trading a bit subdued on Wednesday. However, price action was seen staying firm for the most part. Economic data over the day saw the Australia wage price index. For the second quarter, wages grew at a pace of 0.6% matching estimates. In the UK, inflation was seen rising for the...

2018-08-16 John Benjamin Read more

Daily Forex Market Preview, 15/08/2018 The U.S. dollar maintained its dominance on Tuesday. Economic data showed China's industrial production rising 6.0% on the year. The data missed estimates of a 6.3% increase. Retail sales in China also came out lower than expected at 8.8%. The data underlined the fact that the trade wars were starting to h...

2018-08-15 John Benjamin Read more
usdtry

As the Turkish Lira plunged to fresh lows against USD with USDTRY hitting 7 for the first time in history, the country’s leader used a national press conference to accuse the US of trying to “stab it in the back”. Following the imposition of sanctions on Turkey by the US last week over the country’s refusal to extradite a US pastor held in deten...

2018-08-14 James Harte Read more
us inflation

US Dollar bulls received yet more good news at the end of last week as Friday’s CPI readings for July came in above expectations at 2.9% on the headline reading, remaining unchanged from June and 2.4% on the core (the measure which strips out food and energy prices).  Notably, the headline figure, at 2.9495%, was within a whisker of being rounde...

2018-08-14 James Harte Read more

Here is our weekly video analysis for the FX Majors. Starting with the USD Index, PIA-First will be breaking down time-frames while highlighting what you should be looking out for this week! [shortcode-variables slug="act_tradeideas"]

2018-08-13 Ian Coleman Read more
markets are closed

When the markets are closed – but you just can’t stop thinking about your next trading moves (we’ve all been there) – why not sit back, relax and unwind with a movie all about trading? Many Hollywood blockbusters cover this popular topic, so here are some of the best. Wall Street (1987) This Oliver Stone classic showed the excessive hedonism a...

2018-06-29 Orbex Read more
Trump_Scandal_1805

It was definitely the most interesting day in the market since the US President Donald J. Trump was elected. Volatility increased significantly, fears index soared, stocks tumbled, USD tanked, while safe haven assets rallied. What’s The Catalyst? A few days ago, NY Times published an article which could be considered as the most significant...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Yuan

It was only less than a decade ago that China overtook Japan in 2005 to become the world's second-largest economy. Powered by a population of over 1.3 billion, as a hitherto closed economy, China powered ahead after it undertook a series of economic reforms, growing at a rate of over 10% in over a decade. China emerged as a strong economy largel...

2016-02-09 John Benjamin Read more