A "Labour-Like" Budget by the liberals Treasurer Scott Morrison has delivered his second budget on the 9th of May 2017. It is claimed to be politically correct with focus on key issues such as major banks, multinationals, affordable housing and foreign workers together with a “big spending” economic plan. This budget has left little room for cr...
Read MoreNAFTA - What Happens Next The North American Trade Agreement (NAFTA) came into effect on 1st January 1994 and it formed one of the World’s largest free trade zones. It laid down the foundations for a strong economic growth for the United States, Canada and Mexico. While there is ample evidence of its shared positive economic impact, but how abo...
Read MoreFrench Elections -The final around Marine Le Pen, a lawyer, politician and recently the former president of the National Front is facing a young independent centrist untainted by old politics. Almost a year after forming his party, markets were positively surprised when Macron managed to outcast 2 major political parties that have governed France f...
Read MoreUnited Kingdom - Snap General Elections 2017 2017 is now expected to be an even bigger year for the United Kingdom - On the 18th April, British Prime Minister Theresa May made the shock call for a snap general election to be held on the 8th June, 2017. This is contrary to what she has previously said on numerous occasions. In fact, on the 30th June...
Read MorePost Inauguration – approaching 100 days Back in November 2016, the people of America went to cast their vote for their 45th President. There were two main candidates – Donald Trump and Hilary Clinton, the polls indicated a win for Clinton but the result proved the opposite. Even though Clinton won the Popular vote, Trump won the vote that coun...
Read MorePost Fed Rate Hike March 15th 2017 - The United States Federal Reserve (Fed) raised borrowing costs for the third time since the end of the financial crisis. An event so widely predicted that Bloomberg's World Interest Rate Probability was pegged at close to 100%. The Federal Open Market Committee (FOMC) decided to increase the federal funds rate b...
Read MoreTrading Forex - USD/CNH The Chinese Yuan (RMB) has doubled its share of global currency trading from 2013 to 2016, advancing from the ninth place to the sixth-most traded currency pair, according to the triennial survey conducted by the Bank for International Settlements last year. This highlights the growing importance of the Chinese Yuan as a glo...
Read MoreFrench elections 2017 With Brexit in full swing, Europe is getting ready for another political event and the people of France are going to decide on who will run their country next. There are four main candidates for the job – Benoit Hamon, Emmanuel Macron, Francois Fillon and Marine Le Pen. Each of the candidates has his/her own views of ...
Read MoreBrexit 23rd June 2016 – the day the people of United Kingdom voted to leave the European Union, it’s a day which will go down in the history and will always be remembered. The margin by which people voted to leave was not big (51.9% voted to leave, 48.1% voted to stay) but it will undoubtedly continue to have a big impact on the United Kingdom,...
Read MoreUS: » US Import Prices rose 0.4% MoM (Exp. 0.3%) and 3.7% YoY (Exp. 3.4%). The MoM increase was driven by fuel prices, up 5.8% after they surged 6.6% in December. Prices for non-fuel imports edged down 0.2% MoM led by lower prices for foods, feeds, and beverages and each of the major finished goods categories, which more than offset higher price...
Read MorePeople often ask me how they can get an edge over other traders in the currency market. My simple answer is this. Study financial market history and it will greatly enhance your profit opportunity because Forex markets will highly likely react the same way each time based on how they reacted last time. Human beings are what drive all financial mark...
Read MoreOne Emotional Discipline: This is the precise reason why not everyone can trade. Understanding the fundamentals of the market is not beyond you and learning a technical system that provides an edge in the market is certainly not hugely challenging. However learning the skill of emotional discipline is the greatest profit making skill great traders ...
Read MoreEvery day currency markets are being bought and sold by institutions and banks and large speculators based on economic news announcements that are released. But why do currencies react strongly to some news announcement and not to others? Let me explain. Financial institutions, banks and large speculators often have access to a Bloomberg or Reu...
Read MoreCan you teach old dogs new tricks? Yes, of course you can if you give them treats and train them correctly through the new learning process. To teach an old dog new tricks the dog handler will be re-training the dog’s brain and so it is with human beings when it comes to currency trading. We need to re-train our brains to learn how to behave prop...
Read MoreIf you are willing to look at your Forex experience a bit like an apprentice completes an apprenticeship you are likely going to achieve a higher level of success. Why should opening a live account and making money in the financial markets be any different to any other career? You don’t get to build a house without the appropriate qualifications ...
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