While some analysts call President Erdogan’s pre-election market meddling as a failure which backfired, it may be a bit too early to judge. Short-term it appears as if it was unsuccessful, but traders need to keep in mind that any transition requires time and is associated with short-term pain. Even without government market interference, Turkey has been faced with a few disruptive developments and the economy should be given time to heal and shouldn’t be judged by the exodus of foreign capital which so far in 2019 stands at $1.8 billion. This...
Welcome back to this week’s update to my Bitcoin - Forex Combo Strategy. After Bitcoin eclipsed the $8,000 mark we saw a spike in volatility and a drop in bullish momentum. Price action currently struggles with this level which is a normal development after the strong rally we have had. The markets are waiting for the next catalyst and some institutional investors may want to lock in some profits and re-enter after a short-term sell-off. This is often the time when professionals traders seek to sell while retail traders who were watching...
UK Prime Minister Theresa May has been resilient in her premiership and was able to hold on so far, but it was only a matter of time until she would travel to the end of her road. Today she is facing another showdown in Parliament after cross-party talks to reach a Brexit deal compromise with the Labour Party broke down. May will now try to win over rebel Labour MP’s in order to have enough voted to pass her much hated Brexit deal after it was voted down three times before. It is unlikely that she will succeed as it will require a much closer...
When the domestic economy is greatly affected by commodity price shifts, then the currency is especially vulnerable. Commodity price shifts will not affect all nations, or their currencies, in the same manner. After all, nations with moderate supplies of a commodity will not have their currency affected as greatly by price shifts as nations who have little to no supply of their own. In the same vein, for example, nations who have vast oil supplies and who therefore have a significant portion of their economies tied to crude prices will see...
Have you ever asked yourself why so many fail at trading forex profitably? This has been the biggest questions I needed to answer for myself before starting to trade forex. My name is Ezequiel and I am a 41years civilian contractor at the Puerto Belgrano Naval Base in Punta Alta, Argentina. I am also a forex trader and have been active in the market for eight years now. I admit that I stumbled into forex trading more by accident than anything else. I clicked on an online advertisement out of curiosity. After reading through the offer it got me...
