The risk-on mood extends for the second straight day this Tuesday, as most Asian stock markets are rallying, in anticipation of the ECB and BOC monetary policy decision. Meanwhile, a likely delay in the Fed’s tapering plan and hopes of more stimulus from China keep investors cheerful. Prevailing an upbeat mood weighs on the US […]
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Dear Client,Find below the upcoming trading holidays for Labor Day (06/09/21), Day Following Mid-autumn Festival (21/09/21 – 23/09/21) and Chinese National Day (30/09/21).
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OverviewIn recent months, there has been significant proliferation of affordable, reliable, fast internet acrossthe African continent, resulting in a remarkable increase in the rate of forex trading in mostcountries.However, it is not surprising that widespread internet access would result in businesspeople,entrepreneurs, and others finding new ways to grow their wealth online, but Africa has a […]
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The greenback ended the day with modest gains against most major rivals. Geopolitical tensions in Afghanistan and comments from US Federal Reserve Robert Kaplan, who said that September would be the time to outline tapering and start it in October, were behind the slump. James Bullard, another member of the central bank, also made comments in the same direction. […]
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Life, like Forex, comes down to choices and decisions… or wait, should I say, Forex, like life, comes down to choices and decisions. Either way, you get the point. A while back, thanks to the ‘modern miracle’ called Facebook, I got reacquainted with my childhood best friend, whom I hadn’t seen in nearly twenty years. […]
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The market mood has improved amid speculation that the Fed refrains from early tapering amid the rapid spread of the Delta covid variant. The safe-haven dollar is reversing some of its gains. Preliminary PMIs are high on the agenda, and Bitcoin is on the rise. After a week dominated by concerns that the Federal Reserve […]
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Sometime ago, when I started writing this blog, I had to make a pledge that I will not involve politics, nor any of my political views. Being a political scientist in my original vocation, I must admit, that has been hard for me, but I kept my word. But the past couple of months, or […]
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Fibonacci is a huge subject and there are many different Fibonacci studies with weird-sounding names but we’re going to stick to two: retracement and extension. Few days ago my brother overheard me talking about the market and when I mentioned Fibonacci levels, in awe and surprise he almost yelled at me – What does Fibonacci has to do […]
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The American dollar retained its dominance across the FX board, ending the day up against most of its major rivals. The greenback suffered a temporal setback mid-US afternoon, following the release of the FOMC Meeting Minutes. The document showed that some participants suggested that it would be prudent for the committee to prepare for starting to reduce its […]
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I plan things down to the smallest detail. Even before smartphones and Google calendars, I had my day planned down to the second, back in the day my Franklin Planner was so full of notations you needed a Ph.D. just to figure out where my next appointment was. I just like to plan ahead; it’s […]
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