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Forex
GBPAUD – Containing A Sudden AUD Price Surge
Markets Eager To Resume As the Easter holidays fade, we quickly saw a market resurgence of traders looking to resume normality. Perhaps one of the more stand-out movers during today's London session was none other than the Pound Aussie cross (GBPAUD). Following the Reserve Bank of Australia's announcement to hold interest rates at 0.1%, the recent...
GBPCAD – G10’s Best Performing Currencies Lock Horns
GBPCAD – Hourly Individually, both the British Pound and the Canadian Dollar have surged in recent trading sessions, appearing relatively strong against their peers in the short-term. With the latest fundamental data suggesting both currencies have benefited from similar economic drivers, it could be tough to navigate a directional bias for GB...
AUDNZD – Kiwi Returning To The Status Quo
AUDNZD – Daily Despite the Australian Dollar having a strong rally towards the end of last year, it appears the New Zealand Dollar is once again regaining the upper hand against its counterpart. New Zealand is ticking many of the economic boxes of late, and from a fundamental point of view, it's not hard to envisage a return of strength for th...
EURGBP – Sterling Applying The Pressure
EURGBP – Hourly Since the 12th of January, we've seen much choppy price action in the EURGBP cross, with Pound Sterling applying the more significant selling pressure. This shorter-term bearish bias is what we'll be looking at in today's Chart of The Day using the hourly time frame. Firstly, we can see the initial DiNapoli target of 0.8854 ...
COTD: GBPAUD – Pound Finding Bearish Territory
GBPAUD - Hourly GBPAUD - We saw GBPAUD attempt a stronger recovery last month, but it appears the Pound may not have the resolve to push higher as we enter into October. In today's Chart of The Day, we examine the hourly chart using the Ichimoku method. In the shorter-term, it appears the latest weekly pivot points of 1.80 and 1.77 play...
Forex This Week: What to Expect
In the month of May, major currencies were stronger against the US dollar as risk sentiment improved and haven currencies like the US dollar, the Yen and Swiss franc have lost momentum. Commodity-linked currencies were among the best performers against the US dollar; lifted by higher commodity prices. Source: Bloomberg The US Dollar As ge...
The Reopening Experiment and Geopolitical Risks
The Grand Reopening Given the unprecedented nature of the Great Lockdown, the gradual reopening of economies are now being viewed as an experiment. World leaders are faced with tough decisions trying to manage unparalleled health and economic crisis and the differences of opinions over how, when and which businesses should resume. The uncertaint...
EURUSD: EU Recovery Plan and EU’s Frugal Four
EU Recovery Fund After a standoff between the EU and Germany, following a critical ruling on ECB’s quantitative easing program by Germany’s constitutional court, the gradual reopening of economies of member states within the Eurozone has brought some optimism. The downside risks for the Eurozone and its shared currency have somewhat eased o...
The Lockdown, the Fallout and the Roadmap to Recovery
Global Lockdown In an abrupt and unprecedented manner, the world witnessed a mass halt to global activities due to the pandemic. Governments and central banks rushed in to intervene and support the global economy with unconventional measures to cushion the impact of the coronavirus on their economies and ease market strains. As the virus spread...
Is Germany on the Brink of a Technical Recession?
Is Germany on the Brink of a Technical Recession? Europe’s largest economy and the world’s fourth-largest economy is at risk of going into a technical recession. Such recession arises after two consecutive quarters of economic decline. In the second quarter of 2019, the German’s economy had contracted by 0.1% compared to a growth of 0.4% ...
The Loonie – Best Performing G10 Currencies
The Loonie Best Performing G10 Currencies After a tight campaign marred by scandals, Justin Trudeau secured another term as Prime Minister. Unlike a clear win in 2015, the Prime Minister did not pass the threshold of 170 seats and will lead a minority government. The governing party will be forced to depend on other parties to pass legislation....
Why THIS US earnings season may be of interest to Forex traders
The traditional relationship between equity markets and forex is complex and often not particularly well correlated. As a result company earnings are often of little interest to Forex traders. However, this earnings season may be different. Theoretically, if a country’s equity markets perform well, as the US market has done year to d...
Option traders – Time to Hedge your Currency Risk?
Many traders utilise options amongst their investment strategies either for income or capital growth. As with Forex and CFD trading, options offer an opportunity to get into a leveraged position giving exposure to the movement of an underlying instrument. One of the key factors that options traders may consider in their choice of specific mar...
GO Markets’ Giant Leap into MENA; Granted DMCC and DGCX Membership
MELBOURNE, AUSTRALIA – 18 April 2019. GO Markets is pleased to announce its expansion into the Middle East and Northern Africa (MENA) region, operating as GO Markets MENA DMCC in Dubai, UAE. Located within the economic ‘free zone’ of the Dubai Multi Commodities Centre (DMCC), GO Markets MENA DMCC has obtained its membership with the Dubai G...
FX Trading choices: Open positions and economic data release
Market sentiment towards a currency pair, and hence price, changes when new information comes into the market. The most common situation that creates such a change is the release of economic data. These are planned in terms of timing to theoretically offer no market participant an advantage over another market participant. Economic ...