It’s not that bad I earlier but here’s a longer version. It shows Canadian GDP for the past 50 years. It’s similar in most of the world. posted a part of this chart It’s beautiful chart going from the lower left to the upper right with some tiny dips.
Five patterns for new forex traders Being new to can often feel like wading out into dark choppy waters. It’s intimidating, unknown and overwhelming. Continuing the water metaphor, the internet is sea of information regarding trading, reading charts and extrapolating information from them. RSI oscillates between the range of 0-100 if the price moves below…
How focused are you on anticipating your forex trades? In many things in life, you can often find ways to anticipate what might happen next. In essence, you see the future.
Basis returns money to investors Inventors into Basis included some of the biggest names in finance with raising $133 million: The idea was to create a US dollar stablecoin to take on Tether and Gemini. However leaders announced the project would be dissolved today and the money returned to investors.
USD/JPY down 25 pips USD/JPY has been hit by heavy selling into the fix. There are no headlines driving the move, or at least no headlines that I can find. ForexLive
Draghi met with EU leaders Draghi summarized the ECB view yesterday as “continuing confidence with increasing caution” and he repeated that line in talks with EU leaders, according to a Reuters source.
US dollar weakness coming Morgan Stanley says the tide is turning on the US dollar in a note today. Tailwinds to USD strength have been a rising equity market and cheap US corporate funding costs. It was also benefitting from inflows from emerging markets. They note that all those factors have reversed since September.
Economy minister was meeting with Moscovici and Dombrovskis ForexLive
How do they leave it for the week? The European stocks ending the day with declines for the day. In fact, they never traded in the black. Having said that, they did recover off of lower levels. They were still down, but not so negative.
That would bring down the government and force and election 117 Conservative MPs voted in a secret ballot to turf Theresa May, but do they dislike her enough to bring down the government and risk losing power to Labour?