Today’s Fed Interest Rate Decision out of the US was, as expected, to keep the rate unchanged. However, the Fed Statement accompanying the decision sent shockwaves out. The Fed had earlier stated that they would implement one rate hike this year, towards the Fall. Today, they reversed direction, pushing off the next potential rate increase […]
After the almost 3 years’ shambles that Brexit has turned into, this week we saw Theresa May for the first time use the term “No Brexit” in a non-sarcastic statement. Yesterday’s Theresa May speech before the House of Commons placed the entire idea of Brexit in doubt. Among the possibilities introduced were a 2-month to […]
The day of the United Kingdom’s referendum on whether or not to remain in the EU, back in 2016, the Pound (GBP) traded against the Dollar (USD) at a rate of US$1.50 per GBP. As the voting results started to come in, and throughout the long night (I’m in the US), the GBP dropped precipitously […]
Yes, volatility is back, and why you should care…. Volatility is a fancy statistical term for the amount of uncertainty about the size of change in something’s value. And that was me trying to say what it is in a very simple way. Even I had to read that twice, and I know what I […]
One of the more frequent questions we get from traders is how to trade a fundamental announcement. These have the potential to move a currency pair hundreds of pips within seconds. Of course, that may be a move against you as easily as a move in your favor. Normally, when we trade the Forex Market, […]
Well, it’s happening. And it’s not the first time it’s happened, either, so it’s not like it’s the end of the world. In case you’ve been skimping on your Daily Recommended Allowance of news, what I’m talking about is that the United States Congress, never a bastion of common sense, managed to end the week […]
At the start of the week we alerted on a buy opportunity for the EURUSD. It was based on technicals, but we were very mindful that at 2pm ET today, Wed December 13th, the Fed would announce the interest rate decision. The rate was set at 1.25% prior to the announcement, and the market expected […]