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Day: December 4, 2017
December 42017
When Does Your Forex Day Start?
Much of the trading activity, at least in such currency pairs as EUR/USD, GBP/USD, and the like, takes place during the intersection of the London and New York trading sessions. The most of the important movements in JPY pairs normally appear during the Asian session. If you live in Central Europe or on the US East Coast, you will have little trouble adjusting your timetable to trade active FX hours in the London/NY session. If you live in Japan […]
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December 42017
Great Britain Pound Propelled Higher by Hopes for Brexit Deal
The Great Britain rallied today amid signs that Britain and the European Union continued to make progress in their Brexit negotiations. Hopes were high today as British Prime Minister Theresa May was going to lunch with European Commission President Jean-Claude Juncker. In particular, markets welcomed reports that a preliminary agreement about Irish border was reached, though there were no details or an official confirmation. Meanwhile, the IHS […]
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December 42017
US Dollar Opens Sharply Higher as Markets Reopen
The US dollar opened sharply higher at the start of the trading session after markets got chance to react to the news that the US Senate passed the tax reform bill. Markets could not react to the news immediately as the announcement came out after trading ended. But after markets reopened, the dollar surged on hopes that the proposed tax cuts will reinvigorate the economy. But it is too early to rejoice just yet […]
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December 42017
US Dollar Outlook: Important Economic Data Can Be Overshadowed by Politics
This week should be fairly important for the US dollar. Several major economic reports will come out during the week, including nonfarm payrolls. But there is a high probability that politics will overshadow macroeconomic data. As usual, nonfarm payrolls will come out on Friday. The report for October showed a huge increase by 261,000. But that was actually a compensation for the previous monthâs reading of 18,000, which was […]
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