After US Fed Chief Powell testified before the House Financial Services Panel yesterday, the question is not if the central bank will cut interest rates but by how much? Powell will give his testimony before the Senate Banking Committee today where he is expected to echo his dovish tone. While markets have priced in a 25 basis point interest rate cut during this month’s FOMC meeting, the extend of Powell’s worries warrant more to come after that. Some analysts argue that yesterday’s testimony opened the way for a 50 basis point reduction in...
Forex trading can be an equally successful niche if you do it part-time or invest your time, energy, and hard work into evolving it into a full-time job. However, for the average investor in this market, Forex trading is more like a part-time endeavor or even a hobby they aim to exploit along with their original full-time career. The forex market is open 24 hours a day, five days a week, which makes it one of the most appealing markets for part-time traders. Those who are committed to a standard nine-to-five working week can trade on the forex...
While many analysts fret over the US Federal Reserve and if or when they will cut interest rates, many tend to ignore the Canadian Dollar and its 4% rally this year. The Canadian Dollar is a commodity currency due to its heavy dependence on commodity exports. This is the reason why the rally this year is even more impressive as during a global economic slowdown, demand for commodities remains depressed which results in lower prices. Usually commodity currencies face selling pressure during economic slowdowns, but the Canadian Dollar has defied...
Hello everyone, I’m Si-woo from Busan in South Korea. Many of you may not know this, but over the past twenty years South Korea’s film industry is thriving and earned international recognition. I entered this exciting growth market as I was looking for something different to do that the majority. I became a video editor which to me is the greatest job I could have asked for. I get to travel around quite a bit which adds to the perks and living in Busan is a great inspiration. I spend most of my free time with friends around Nampo-dong which is...
The last time the US intervened in the FX market was in 2011 in the aftermath of the earthquake which rattle Japan and send the Japanese Yen soaring. That intervention was part of a coordinated global effort to strengthen the US Dollar. Analysts are now preparing for a potential intervention as US President Trump is openly attacking the monetary policies of the EU and China. Just days after he announced a truce with Chinese President Xi, Trump took to Twitter and accuse the country of currency manipulation. He also lashed out at the EU which...
