Category Archives: Forex Blog

Hot Topic – UK pound and US dollar

Share This: Here’s what happened to the GBP: On Thursday, The Markit Purchasing Managers’ Index for the manufacturing sector came in at a higher than expected 53.3, while on Friday, the PMI for the construction industry additionally showed an increase to the previous month. Overall UK consumer confidence has actually additionally shown an increase. Following the release of… Read More »

Bullet Report: Why OIL Jumped 5% Yesterday

Share This: Today’s financial calendar is thin but focus will be on the ISM non-manufacturing index for August. Yesterday we saw a sharp increase in the UK PMI service index which jumped from 47.6 to 52.9 back to pre-Brexit levels. Overnight, RBA left rates unchanged, which resulted to AUD/USD maintaining this week’s gains.    Currencies: EUR/USD is one of the… Read More »

UK data point to resilience against Brexit vote

Share This: The pound moved along with substantial increases through the week as the release of UK economic reports point to recovery following the Brexit vote. An economic report released by the market and consumer researcher GfK revealed that the UK consumer confidence increased in August to -7 compared to the previous month’s result of -12. According to… Read More »

Bullet Report: USD Stronger Despite Weak NFP

Share This: The USD had a rollercoaster ride on Friday after US NFP showed that only 151k jobs were added versus 180k forecasted. The USD initially went through losses on the news, yet managed to quickly recover and complete the week strong versus other major pairs. The Fed has actually been pretty aggressive in its talks regarding the… Read More »

UK Stocks to Watch for in September

Share This: The Brexit hysteria appears to have actually died down, which means traders can focus once again on the fundamentals. Perhaps surprisingly, London’s FTSE 100 Index has actually shot up nearly 14% since the post-Brexit selloff. UK stocks are currently trading at their highest level of the year, and look poised to continue that rally in September.… Read More »

Bullet Report: Markets Await NFP Friday at 1230GMT

Share This: Markets are awaiting one of the most highly anticipated NFP announcements of the year today at 1230GMT. The US economy is expected to have actually added 180k jobs last month, down from the 255k gain recorded in July however close to the 190k standard cited last week by Fed Chair Janet Yellen. The unemployment rate is… Read More »

The Billion Dollar Wins You Never Knew Happened

Share This: Picking market tops and bottoms can be very risky, especially if this contrarian approach goes versus strong and prolonged trends. Here are some bets on not-so-popular assets in the past years that turned out to be huge winners. David Tepper (Appaloosa Management) David Tepper is already hailed as the champion of stock market bulls, managing $20… Read More »

History of Financial Market Returns Under Democrats and Republicans

Share This: With the United States presidential election just months away, financial market participants are still deciding who to back. While not everyone is pleased with the choice of Hillary Clinton or Donald Trump, history clearly demonstrates that Democrats are better for stock markets than Republicans. While this is a far too simplistic way of deciding which party… Read More »

Trader Fact File Ray Dalio

Share This: Ray Dalio is the founder of one of the largest hedge funds, Bridgewater Associates. He was part of Time’s 100 Most Influential People of the World list in 2012 and was also listed by Bloomberg as one of the 50 Most Influential People in the same year. As of February 2016, he is said to have… Read More »

Bullet Report: Find Out Why GBP Is Poised For Big Moves Today

Share This: In the Asian session today, China manufacturing PMI data showed an increase of 50.4 versus an expectation of 49.9 which is the highest level since October 2014. It helped the AUD/USD trade higher at 0.7450 right after the data was released. Gold prices dipped to a fresh 2 month reasonable at 1304 after US ADP jobs report. Looking ahead,… Read More »