Jan
04

Market Overview 2018-01-04

The ISM manufacturing index for the USA came in at 59.7 for December, construction spending rose by 0.8% in November to a record annual high, whilst new orders recorded a 69.4 reading for December. This positive news extended beyond impacting equity values, the news also caused the U.S. dollar to rise versus its three main peers; yen, euro and sterling. On Wednesday evening The Fed released the minutes from their December FOMC rate setting meeting and the release contained few surprises. The committee voiced their concerns on inflation being below the 2% target, whilst suggesting that the tax cuts, which will cut the corporate tax rate from 35% to 21%, may have a healthy trickle down effect on consumers’ spending ability, thereby increasing inflation.

Continue reading
  732 Hits
732 Hits
  0 Comments
Jan
03

Market Overview 2018-01-03

FX markets burst into life on Tuesday morning, as Tokyo and Sydney opened. Once the London market opened currency movements accelerated dramatically, with several currency pairs whipsawing violently, in a wide range throughout the day. These conditions offered up some excellent trading opportunities for scalpers and day traders, whilst exposing swing and position traders to difficult trading decisions. FX markets appeared to undergo a rebalancing exercise, after the extended and fractured holiday period, a common occurrence on the first full trading day of the year.

Continue reading
  606 Hits
606 Hits
  0 Comments
Jan
02

Market Overview 2018-01-02

Traders began to quietly re-engage with the FX markets, as Tokyo and Sydney opened on Monday evening/Tuesday morning. After a fractured ten day holiday period, over the Xmas and New Year period, London’s open will be closely monitored. Last week’s trading ended the year with gold (XAU/USD) finally breaking the critical 1,300 handle after slumping to 1,236 in early December. U.S. equity markets reached record highs during last week’s trading sessions, but with the Trump tax reduction programme now signed into law, analysts and traders may calculate that the tax breaks are now fully priced in.

Continue reading
  433 Hits
433 Hits
  0 Comments
Dec
28

Market Overview 2017-12-29

Trading in U.S. equities was approximately 40% below the 30 day moving average on Thursday, despite this the major equities markets in the USA experienced rises during the New York session. The medium to high impact economic calendar news generally missed the targets, adding to concerns regarding how much room the equity markets have to grow in 2018 if, (as suspected by many analysts), the recent tax cuts have already been priced in.  The advanced goods trade balance for November missed the prediction, by registering a -$69.7b deficit, whilst wholesale inventories in the USA grew by 0.7% during the month.

Continue reading
  340 Hits
340 Hits
  0 Comments
Dec
28

Market Overview 2017-12-28

Trading in U.S. equities was approx 43% below its average 2017 level on Wednesday. The U.S. dollar fell sharply versus the: Aussie, sterling, euro, the Canadian dollar and the Swiss franc. The U.S. dollar index fell by approximately 0.4% on the day. A suggested reason for the drop in value of the USD is related to traders betting on global central banks finally withdrawing stimulus and raising interest rates in early 2018, as global growth figures have sufficiently improved.

Continue reading
  718 Hits
718 Hits
  0 Comments
Dec
27

Market Overview 2017-12-27

FXCC Forex Trading

As the FX markets reopened on Boxing Day, liquidity and consequently the trading in currencies was significantly reduced, as many institutional traders at major banks and funds remained out of the markets, or on holiday. Many currency pairs experienced whipsawing conditions during the trading sessions, which provided both challenging conditions and opportunities for many retail FX day traders. Certain global stock markets were also closed, therefore the impact of any significant economic calendar news proved to be benign. For example, the news circulating that USA shoppers may have generated their best shopping figures in over a decade, did little to boost U.S. equity markets, despite the underpinning revelation that confidence must be high in the USA, for consumers to take on more debt and spend.

Continue reading
  722 Hits
722 Hits
  0 Comments
Dec
23

Cryptocurrencies Crash

Also known as the “December Effect”, the Santa rally refers to the market’s tendency to rise in the last five trading days of the year and the first two days of the new year. But Crypto-currencies are not enjoying any kind of Santa rally. Bitcoin, Ethereum, and Bitcoin Cash are all crashing quite significantly. This is not a small drop and is not limited to a specific coin, but seems like a wider sell-off. The leading coin, bitcoin, is not immune to the fall and stalled before making the big leap towards $20,000. Here are updates on 5 cryptocurrencies:

Continue reading
  810 Hits
810 Hits
  0 Comments
Dec
22

Market Overview 2017-12-22

FXCC Forex Trading

We now know that the tax reduction plan is happening, the fiscal stimulus spend (as much as one trillion dollars promised to rebuild crumbling infrastructure), has curiously disappeared from the Republicans’ and Trump’s narrative over recent months. The potential infrastructure spending plan has had a negative effect on the U.S. dollar throughout 2017, and despite the Fed keeping to its promise to raise rates by three times in 2017 investors failed to bid up the dollar, which has fallen considerably versus two of its main peers; euro and sterling throughout the year. The U.K. BoE and the Eurozone ECB have delivered dovish statements during the year with regards to interest rare rises. In terms of monetary policy actions; the BoE felt forced to raise rates by 0.25% to 0.5% in November, in order to counter inflationary pressures, whilst the only hawkish move the ECB conducted was to taper its APP (asset purchase programme) by €20b a month.

Continue reading
  272 Hits
272 Hits
  0 Comments

High Risk Attention and Disclaimer

HIGH RISK - ATTENTION : Forex imply an elevate level of risk which might be not suitable for all investors. Leverage generate further exposition and loss risks. Before to take decision of trading forex, consider carefully yours investment objectives, expertise level and propensity to risk. Past performance is not indicative of future results. Your starting investment might be lost partially or totally. Don’t invest money you cannot afford to lose.  
DISCLAIMER : Pages contained in this web site in any case constitute neither financial counsel service nor solicitation to public saving. Nothing contained in this web site constitute solicitation, offer or recommendation to purchase or sell any investment or to commit in any transaction. Nothing contained in this web site constitute solicitation to investment, fund raising or management for third party. Opinions, article, analysis report, operational report and other documents realized from INDOFOREX.INFO which have to do with market speculation, are dedicated to sustain our individual trading and in any case to represent, solicitation, advice or invest invitation. The web site has just a guise of sharing, cultural and expertise. Although the indication quoted are provided with a mere informative scope, we refuse all responsibility, charged to web site Administrator, for possible negative consequences which should come from an operational funded on their observance.