Of course trade news can happen at any time The key events and releases in the new week will include news on any of the trade relationships with the US including US and Canada, US and China, and US and the EU. News can happen at any time. Risk event.
How to navigate a path through an upcoming risk event A risk event is any market event that the market is anticipating. For example, this could be an anticipated rate statement, a speech from a central banker, or a long awaited trade deal announcement like Brexit or Nafta. There are two key ways to trade…
The greater fool theory explains almost every bubble Some things have an intrinsic value. The most-obvious example is a stock with a dividend. The absolute floor for an equity is its dividend and so long as their is a profitable business behind it, the value is a multiple of that dividend.
The GBP was the strongest. The JPY was the weakest. The trading week is coming to an end, and that means it is time to crown the strongest and weakest of the major currencies.
San Francisco Fed promotes from within Mary Daly will be the next President of the San Francisco Fed, taking over from John Williams who will lead up the New York Fed.
Up from $67.75 last week The price of crude oil is settling the day at $68.99. That is up $0.40 on the day or 0.58%. The contract is also up on the week. Last Friday, the contract settled at $67.75.
Pair stalled at the topside trend line earlier in the day The GBPUSD tested a topside trend line earlier in the day and stalled against that trend line not once but twice () . That helped to put a lid on the pair. The price has been pushing lower since then.
Below expectations The US import and export prices all missed on the downside. The figures don’t reflect the impact of the tariffs. Price of imports from Canada fell -1.5%. That was the largest fall since January 2016. The EU, China, and Mexico each showed -0.1% drops.
August 2018 retail sales ForexLive – was +0.5% (revised to +0.7%) – Ex autos +0.3% vs +0.5% exp – Prior ex autos +0.6% (revised to +0.9%) – Ex autos and gas +0.2% vs +0.5% exp If you tally up the revisions, it’s not as bad as it seems at first. Still, it’s not a great sign…
Comments from the UK Brexit secretary after speaking with Barnier Some good and some bad there. Cable spiked higher then came back down. ForexLive