November Market Overview

November Market Overview
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Monthly Currency Trading News $Us Dollar: The month started with greatly improved Non-Farm Employment Change, increased Unemployment Claims with Unemployment Rate down from 5.1 to 5%. Average hourly earnings m/m increased 0.4% which doubled the expectations. ISM manufacturing and non-manufacturing PMI came above expectations, ADP Non-Farm below, followed by improved Trade Balance. Second week brought […]

September Market Overview

September Market Overview
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‘the future of tomorrow is not reflected in the data of yesterday!’ -Clifford Bennett $Us Dollar: The month started with ADP Non-Farm Employment Change, Non-Farm Employment Change, ISM manufacturing PMI well below expectations, improved Trade Balance and increased unemployment claims. Unemployment Rate reduced to 5.1%. Second week brought reduced Unemployment Claims and Improved PPI m/m. […]

August Market Overview

August Market Overview
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More than $5 trillion has been wiped off the value of global shares in August. Clifford Bennett : “This is a diabolical market, the worst I have seen in a lifetime”. “An Inconvenient truth for the bears”  “THE TOP BIG FOUR ECONOMIES IN THE WORLD WERE ALL STABLE OR ACCELERATED THROUGH THE FIRST HALF OF THE YEAR!” […]

July Market Overview

July Market Overview
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Forex Trading News $Us Dollar: The month started with disappointing jobs data despite increased Consumer Confidence and the reduction in Unemployment Rate to 5.3%. Core retail sales unexpectedly dropped in June, Trade Balance, Unemployment Claims and PPI increased. Fed Chair Yellen in her testimony to Congress 15 July stated that the Labor market has continued […]

May Market Overview

May Market Overview
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Forex Trading News $Us Dollar: The month started with lower than expected trade balance and manufacturing PMI, improved Non-Farm Employment Change and unemployment rate remaining at 5.4%. The second week brought lower than expected retail sales and subdued prelim consumer confidence despite reduced unemployment claims. Building permits and core CPI came above expectations, home sales […]

ECB

ECB
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Forex Market News From the editors at Bloomberg, comes this piece. A good read so I encourage you to do so. Audacity doesn’t come easily to the European Central Bank. Its president, Mario Draghi, finally announced a long-awaited program of quantitative easing today. The numbers were bigger than expected, which is good, but the details […]

Central banks at it again!

Central banks at it again!
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Forex Market News Another Central Bank surprise overnight. They are getting good at making market professionals like I look like fools. Not one person predicted the BOC to drop rates by a quarter basis point to 0.75%. The Loonie jumped 200 pips on the news and has added another 100 since. 2015 is starting to […]

The Draghi Protocol

The Draghi Protocol
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Forex Market News In what was a pretty quiet trading session thanks to the USA market holiday for MLK Jr oil still makes the headlines. This time it was Iraqi stockpiles that slapped the bulls back down, with price currently down another 2.4% at 47.52 (WTI). However, it is Draghi and the ECB that is […]

Holes in the floor like Swiss cheese

Holes in the floor like Swiss cheese
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Forex Market News Go Girl Power Before I get onto the muppets in Zurich let me briefly highlight the great result we had in Australia. The jobs data came out and the women ruled. They not only outpaced the men in fulltime jobs but in part time they added to the workforce whilst the men […]

Commodities and Bankers

Commodities and Bankers
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Forex Market News Oil Oil spent most of the day sideways, despite an increase in inventories (read even more supply). However in the last 2 hours both the WTI and Brent futures markets has jumped 4%. Not much to read into this other than bargain hunters hoping that the low 44’s are the lows in […]