Nancy Pelosi, the Democratic Party politician who serves as the Speaker of the US House of Representatives, on Tuesday announced a formal impeachment inquiry into President Trump. She stated that “Today, I am announcing the House of Representatives moving forward with an official impeachment inquiry. The President must be held accountable. No one is above the law. Actions taken to date by the President have seriously violated the Constitution.” The announcement followed a controversial phone call between Trump and Ukrainian President Zelensky...
Earlier this morning the UK Supreme Court ruled that PM Johnson’s suspension of Parliament was unlawful. According to the 11 justices, PM Johnson gave Queen Elizabeth II unlawful advice to suspend Parliament for the Queens Speech. This hindered elected officials to perform their democratic duty, as of the ruling. PM Johnson responded after the verdict that “Obviously this is a verdict that we will respect and we respect the judicial process. I have to say that I strongly disagree with what the justices have found. I don’t think that it’s right...
It has been a very busy central bank week which started last Thursday with the ECB meeting and was followed by yesterday’s FOMC meeting, this morning’s Bank of Japan and Swiss National Bank meeting and concluded with the Bank of England meeting. This has covered all major currencies and impacted the majority of trading volume in the forex market. Over the past decade, central bank week became a rather boring affair as global central banks acted in unison in order to deliver lose monetary policy. This trend began to change and we...
Being a successful trader involves a good portion of planning. You need to begin by establishing your goals and getting a general idea of how and at what speed you will achieve them. You then need to develop your own or adopt an existing trading strategy. Strategies in Forex are sets of steps to take to get to a certain point. The strategies may vary on the sources of information used in the process. Typically this information comes as a result of market analysis. There are two main types of analysis: fundamental and technical. Here we are...
Analysing the market plays a great role in a trader's success. Being able to correctly interpret the information and base a decision on that interpretation is a necessary skill in the arsenal of every professional currency trader. With the growth of technology many assistant tools appeared to make the analysis easier, however, not all of them prove to be entirely effective. For starters, in order to select the right set of tools you need to determine what type of analysis are you planning on running. The two major types of Forex analysis...
