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Angus Campbell

Interest rates in focus

A big week for markets on both sides of the Atlantic with the Bank of England’s all important day on Thursday where we see for the first time a hat trick of data in the form of the Inflation Report, the interest rate decision and at the same time the minutes and voting results, whilst on Friday the US nonfarm payroll is the penultimate release ahead of next month’s FOMC meeting where many see the Fed hiking interest rates for the first time in over nine years. In the past it was normal for the ...

Simon Smith

Inflation nowhere to be seen

The last trading day of the month, which does bring risk of choppier than normal trading as institutional investors re-balance portfolios and funds adjust to fit around month end performance statistics. The standout yesterday was the weaker euro, given that the single currency has been holding up relatively well earlier in the week. Falling bond yields were playing a part, together with more negative headlines surrounding Greece from the IMF, although it’s no surprise to see that they remain ...

FxProUpdates

FxPro Interview with TipTV – Trading FX & USDJPY

Simon Smith

Inching towards a Fed tightening

The impression given by the Fed’s post meeting statement last night suggests a central bank inching towards a rate increase, with inching being the operative word here because the changes to the wording were indeed very subtle. But there will be an even greater focus on the jobs numbers going forward, given that the Fed has stated that it will be appropriate to raise rates “when it has seen some further improvement in the labour market and it reasonably confident that inflation will move back ...

Simon Smith

Fed keeping options open

The two-day FOMC meeting concludes today with the focus on the statement released at 18:00 GMT. There is no real anticipation that policy will be changed, but the focus will be on the extent to which the statement indicates a tightening to come and possibly as early as September. Bear in mind that when the Fed dropped the phrase “considerable period” (in relation to how long rates will be kept low) back in January of this year, they were stepping back from offering more structured forward ...

FxProUpdates

FxPro cTrader app for Android was updated

FxPro cTrader for Android was recently updated. The new version includes serious changes in app stability and optimization. Download FxPro cTrader from Google Play now!

FxProUpdates

Where now for gold?

Simon Smith

Strange FX reactions

The two day FOMC meeting starts today, but it seems a long shot to expect the Fed to signal an increase in rates at the subsequent meeting in September. Market pricing for a September move has decreased vs. where we were earlier in the month and the past few sessions have seen more doubt creep into the market, reflected in the weakening of the dollar over the past few sessions. China has played a part in this, with volatility continuing overnight, even though the main Shanghai composite index ...

FxProUpdates

Changes to our trading conditions on futures and shares.

Dear Clients, please be informed about changes that have been made to our futures and shares contracts. - Required margin for futures contracts other than energy futures is now 2% - Required margin for energy futures (US Oil, UK Oil and Natural Gas) is now 0.5% - Required margin for shares is now 10% - All futures and shares are commission free. If you have any further questions please do not hesitate to contact us.

Simon Smith

Splitting the dollar

We enter the last trading week of the month with a 2 day FOMC meeting to contend with. It’s unlikely that the Fed will strengthen its language so as to signal a September hike, but naturally the markets will scrutinise the statement for any signs that the Fed is shifting in that direction. The dollar performance has been mixed Friday and during the overnight session, weakening against the single currency, yen and Canadian dollar, whilst strengthening against most emerging market currencies. ...

FxProTV

Update on trading risk management with 3 to 1 risk / reward

Angus Campbell

Dollar bulls still on side lines

Chinese stocks have been recovering, with the Shanghai composite some 20% off its lows now, meanwhile European and US indices remain just below their record highs having shown reluctance to push on to new unchartered territory. Investors have been tested from all angles in recent months and now they are all too fully aware of the impending rate hikes from the Federal Reserve and Bank of England. Whilst the dollar has recovered some of its lost ground since the highs it marked back in March, the ...

Angus Campbell

Nervy markets

A few days out of the office and not a huge amount has happened in the world of the FX markets, but the action has clearly been more in the commodity and equity space. Investors were spooked by the move in Apple’s stock price which prevented the S&P 500 index from pushing to a new record high on its third attempt in as many months and the Nasdaq has formed a spike that resembles the bursting of a bubble. Since conquering the 7,000 level the FTSE 100 has continually failed to maintain its ground ...

Simon Smith

Dollar giving up gains

FX markets have been something of a sideshow this week compared to what we’ve seen in commodities. That said, there was a notably softer tone to the dollar yesterday afternoon, evident on all of the majors. For the Aussie, this allowed for a push above the 0.7440 level, with some reversal seen overnight on the back of the latest CPI data and comments from RBA Governor Stevens. Inflation data, on the headline measure at least, was softer than expected, rising 1.5% YoY vs. expectations for an ...

FxProUpdates

Shares Margin Requirements Increased to 10%

Margin Requirements for Shares were changed from 1% to 10%.

Simon Smith

Losing all sense over gold

No doubt about which chart looks the most interesting at the start of this week and that’s gold. Leaving aside the reasons for this latest push lower, it has brought to an end the more recent period of consolidation for the dollar-based gold price that had given some hope for the bulls that the worst was over. More nonsense is written about gold than nearly any other commodity. Because it strays into the realm of portfolio allocation, is non-yielding and is of limited industrial or commercial ...