The EU has warmed up to more compromise in order to avoid a no-deal Brexit. Even Michel Barnier, the top EU negotiator and the EU’s version of Jeremy Corbyn, sounded more open to strike a deal over the next six to eight weeks. A conference is scheduled for mid-November where a potential Brexit deal between the EU and the UK could be signed. Then there is the issue of the Irish border which many claim is the last obstacle to a Brexit deal. The EU decided to redraft the language on the Irish border backstop deal in order to please the UK. The...
What traders and potential traders want to know is how much money they can make as a retail forex trader. Obviously, there is a massive range of income potential when it comes to forex trading. It is quite possible that some people will still need to work another job but manage to pull a little money out of the market each month through day trading. There are those who can live comfortably on what they make day trading, and there is the small percentage who will make a lot. There is also a large group of want-to-be traders who will fail and...
The 751-member European Parliament will vote tomorrow if it should trigger Article 7 of the EU Treaty against Hungary. Last year the European Commission recommended using Article 7 against Poland, but it has never been used before. It is a mechanism intended to force EU member countries who disagree with the EU to drop their opposition or risk losing their voting rights inside the EU. While on paper it claims that Article 7 is intended to maintain democracy in the world’s largest trading bloc, forcing a country who disagrees with its...
I am fresh out of university and as many of my classmates, without a job. I am only 22 so it is not the end of the world, but it is definitely not great either. It took a lot of effort on my end to become a chemist, but the job market has been tight. I started a job two weeks ago, nothing fancy but necessary to pay my bills as I don’t wish to lean on my parents for support. They have done a great job and now it is my time to take care of my life. Knowing that I could rely on them as an absolute safety net does give me a layer of comfort...
The EURUSD is the most traded currency pair and one thing most can agree on is that the US Dollar is currently overvalued. This is where the agreement ends. According to one analysis conducted by the International Monetary Fund, the US Dollar is trading 11% above its 10-year average (in real effective terms). The OECD concluded that the EURUSD is 15% below purchasing power parity data it calculated which suggests that a rally in this currency pair may be looming. The US Federal Reserve’s own Trade-Weighted Dollar Index is only 4% away from its...
