End of Year Trading

End of Year Trading
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Forex Market News As November comes to a close with the US Thanksgiving holiday and Xmas fast approaching, now might be a good time to keep an eye out for ‘end of year’ trading volatility and market opening hours.   Pull out your calendar, or should I say pull out your iphone and check your […]

The Mario Bro Show

The Mario Bro Show
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Forex Market News Asia Not much out in Asia recently, steady as she goes. The G20 despite all the hype in Australia is largely ignored elsewhere and produced nothing, why have it? Australia is signing up a deal with China. Whilst they love to buy rocks from our land and sell it back as products […]

Promises Promises

Promises Promises
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Forex Market News Asia The session highlights saw the Aussie bounce off 0.8550, which happens to be the 50% Fibonacci retracement from 2008 lows to 2011 highs. This came over the jobs data which saw some slight improvement. Is finishing the session and the week weaker as US dollar continues to strengthen on yield flows. […]

Central Banks continue to dominate headlines this week

Central Banks continue to dominate headlines this week
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Forex Market News More Central Banks, Oil and a Tragic Cup Let’s start at home where we had stronger retail sales yesterday and the RBA made no move as expected. Glenn-I’m six months behind the curve- Stevens has continued the stance that rates will remain where they are for a long time and that the […]

Central Bank Divergence

Central Bank Divergence
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Forex Market News Central Banks Divergence The big news at the end of last week was the FOMC and BOJ. The two Central Banks that are on a diverging path of monetary policy that saw the USD/JPY spike 330 pips on Friday. Thursday’s FOMC saw the Greenback gain in strength, although it flat lined on […]

Bounce on ECB and China GDP

Bounce on ECB and China GDP
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Forex Market News China Data out yesterday in China saw continued strong growth with GDP at 7.3% and industrial production at 8%. Both numbers a tad higher than expectations. This flowed into the commodity markets all of which had strong(ish) moves, a turnaround from recent trends. The Loonie and the Aussie (briefly) both jumped on […]

What Goes Up Must Come Down! – Forex Trading News – Oct 10th 2014

What Goes Up Must Come Down! – Forex Trading News – Oct 10th 2014
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Forex Market News Bit of a tussle at the top end, what goes up must come down. Yesterday the bulls had tossed the bears into the air. But overnight the bears back slammed the bulls and then rubbed their noses in it. This kind of whippy action is to be expected as the potential trend […]

VIX down 12%! – Forex Trading News – Oct 9th 2014

VIX down 12%! – Forex Trading News – Oct 9th 2014
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Forex Market News The Fed minutes gave volatility a shot in the arm, VIX down 12%! Highlights are: “the concern was raised that the reference to ‘considerable time’ in the current forward guidance could be misunderstood as a commitment rather than as data dependent.” So, this will make inflation and jobs data releases very volatile […]

Stocks Globally Take a Turn for the Worse – Forex Trading News – Oct 8th 2014

Stocks Globally Take a Turn for the Worse – Forex Trading News – Oct 8th 2014
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Forex Market News Stocks globally took a turn for the worse overnight, as the IMF (why are we still caring about what they say, they haven’t been right in years?) downgrades global outlook. The Yanks are apparently also scared about what might happen during the earnings season as the strong US$ weighs on potential profits. […]

Draghi All Bark, No Bite – Forex Trading News – Oct 3rd 2014

Draghi All Bark, No Bite – Forex Trading News – Oct 3rd 2014
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Forex Market News It would seem that Draghi is all bark and no bite. Investors overnight disappointed that the ECB not only did nothing but also announced bugger all really. He announced some bond and other asset purchases over the next 2 years in a futile attempt to lift inflation. It is not enough and […]