The Latest in Forex News & Analysis.

Busy Week

By MR | March 23, 2018 4:52 am | 0 Comments

Busy week as we saw multiple important meetings take place globally and a trade war begin to brew.

We witnessed the first FOMC meeting under Chairman Powell. The interest rate hike of 25 basis points was implemented as expected. We also learned that 2 more rate hikes are on the horizon for 2018 and potentially 3 in 2019.

The Bank of England was a bit more tame than the United States as they left their rates unchanged.

One main takeaway from the G20 meetings is their mission to strengthen global trade contribution. They also touched on cryptos, mostly the possible dangers or red flags associated with these “assets”.

President Trump continues to take steps to impose taxation on foreign goods. China seems poised to counter with moves of their own.

A volatile start to the week

By MR | February 7, 2018 1:16 am | 0 Comments

The past couple days have been some of the most volatile we have seen in some time. Global equities across the board have been weaker to kick off the week.

The Dow saw its biggest intraday trading drop in history. This comes after seeing the Dow hit its record high less than two weeks ago. The Dow rallied back on Tuesday after the record plunge to close nearly 600 points higher than Monday’s close.

We saw massive fluctuations in the S&P and VIX as well.

Secretary Mnuchin assures us that markets are functioning normally, economic fundamentals are in tact and referred to these price swings as a “short term disconnect”.

Chinese GDP

By MR | January 18, 2018 3:39 am | 0 Comments

Encouraging numbers out of China as they beat their projected 4th quarter GDP. Not only did they exceed 4th quarter expectations, but they also achieved positive yearly economic growth for the first time since 2010. Their target growth for 2017 was 6.5% which they comfortably outperformed by coming in at 6.9%.

This reflects positively on China’s economy, which is the second largest in the world. Shows signs of a healthy economy and potential growth to come.

A healthier Chinese economy could also mean good news for U.S. equities.

The US takes the day off, dollar slump does not

By MR | January 16, 2018 1:41 am | 0 Comments

The dollar continues to be softer, even with the holiday in the states. As a result, Gold continues its push towards its highest level since September, Cable broke through 1.38 for the first time in roughly eighteen months and Euro still has its sights set on 1.23.

Yen’s recent strength against the slumping dollar slowed a bit today as Dollar Yen began to climb on the back of news out of Japan. A mixture of lower than expected PPI readings, Japan still seemingly a long way off from their 2% target inflation rate and comments from Japanese finance minister Taro Aso. In his comments he hinted that volatile price swings in currency could spell trouble. Naturally, this Yen weakness had corresponding effects on all Yen pairs.

 

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; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FXDD Now provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FXDD Now specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FXDD Now expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.