Month: September 2018

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
Chinese manufacturing slows in September The September official China PMI for manufacturing slowed to 50.8 from 51.3 in August. That’s the slowest since February and also below the 51.2 consensus estimate of economists. The dip may reflect pressure from the trade war with the US and a domestic economic slowdown. The reading on exports fell
Freeland postpones UN speech Canadian trade minister Chrystia Freeland was set to deliver a speech today but it was postponed with NAFTA negotiations said to be optimistic a deal can be reached today or Sunday. Bloomberg, citing people familiar, said a deal could be wrapped up within hours with the US planning to publish a
How can she negotiate Brexit? Theresa May leads a party of politicians who don’t want to leave the EU and a country where a majority of people now probably don’t want to leave the EU. And she’s negotiating with politicians who love to score points by beating up on her (looking at you Mr Macron).
Join me at the Finance Magnates London Summit on Nov 14 Let’s meet up in London. Register for free here. Attention London FX and crypto traders. I’m going to be in London on November 14 for the Finance Magnates London Summit.  This is a huge FX industry event but there is also plenty for retail traders
Translation: We have no idea where neutral is Expects gradual rate rises Overall economy strong About ‘as good as it gets’ on dual mandate Labor market ‘very strong’, inflation only a bit above 2% Sees 3% GDP this year, unemployment below 3.5% next year Forward guidance less compelling as policy direction becomes less clear Fed
Forex news for North American trade on September 28, 2018: Markets: Gold up $9 to $1191 WTI crude up $1.41 to $73.55 US 10-year yields up 1 bps to 3.06% Italy 10-year note yields up 26 bps to 3.15% S&P 500 flat to 2913 CAD leads, CHF lags Another month and quarter comes to an
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
Technical bias in EUR/USD turns more bearish now ForexLive Italy’s budget worries may be a timely one for the break lower in EUR/USD yesterday but it certainly gave bears a bone to chew on. As price failed an attempt to get above and stay above the 1.1800 handle after the FOMC meeting, it was enough