Qatar, which has been a member of OPEC for almost 60 years, left the organization on January 1. The market calmly reacted to this event, and experts believe that there is a significant likelihood that Qatar will be followed by other countries. One of the main arguments for quitting the oil cartel was the embargo on trade and travel to the country by neighboring Arab states. Qatar did not have much weight in OPEC, the state extracts only about 2% of the total production of OPEC. Also, the country now has rather tense relations with one of the...
There is literally no profession in the world that does not come with a fair share of challenges in addition to the benefits. If you are venturing into the forex trading career or you have already set your feet on the market, then you should be prepared to deal with some challenges along the way. There are several disadvantages associated with part-time forex trading. The truth is, this is a market that very few people really understand. A major reason why forex trading remains shrouded in mystery is that it receives very little attention on...
Happy New Year! As traders will take a break from trading today due to the markets being closed, many will start to prepare their portfolios for the 2019 trading year which will kick off tomorrow. The following four themes are very likely to have an impact on price action across asset classes and every forex traders need to remain informed about them. One key area of focus will be the US-China trade war. Ripple effects have been felt around the global economy already and are likely to continue until it will be resolved. There is a chance that...
Hello my name is Sean and I am from Jamaica. 2019 is about to start and I have never been happier to start a new year than this time around. The reason is that I quit my job literally two hours ago! I understand how this sounds, most people would not be happy to start the New Year without a job and unemployed. I did say I quit my job, but I never said that I would be unemployed. After five years of hard work I will finally start 2019 working for myself as I start my own forex management business. It has been a long, long five year period for...
The Japanese yen and the Swiss franc are rising against the dollar on the last day of the trading week — news of a possible new round of tensions in trade relations between the United States and China is helping to increase the demand for safe assets. As of this morning, the dollar against the yen fell to 110.63 yen per dollar from 111 yen in previous trading. The dollar against the Swiss franc fell to 0.985 francs per dollar from 0.9882 francs. The euro / dollar rate rose to 1.1453 dollars from 1.1429 dollars per euro at the last close of...
