According to the US as well as China, there has been plenty of progress made in the trade talks aimed at ending the trade war initiated by the US. Several reports suggested that both leaders may meet this month in order to officially end the trade war, but at least three officials with knowledge of talks have now come forward and stated that there won’t be any such meeting in March. President Trump and Xi may meet at Trump’s Mar-a-Lago golf resort, if they meet at all. The Chinese side is worried about Trump’s willingness to walk out of...
Hello and welcome back everyone! Since last week’s update “Bitcoin - Forex Combo Strategy: Crypto Index Product Launch”, where I discussed the launch of a new Ethereum based exchange traded product (ETP) listed on the main Swiss stock exchange, price action has been quiet and stable. This is a good thing as we don’t want those crazy moves which we saw as the bubble boomed and burst, leading to what is now known as the crypto winter. It appears that most solid cryptocurrencies have been carving out a nice long-term support level while some...
Thanks to currency purchase and sale transactions, global economic settlements between countries are carried out, and international projects, insurance operations, as well as speculative trading transactions are financed. All types of settlements in foreign currency, including the issuance of foreign loans, are also considered to be foreign exchange transactions. According to the method of settlement of transactions in the foreign exchange market are classified as urgent (forward) or cash (spot). So: Swap (sometimes the term “currency swap”...
The hardest part of trading forex is coping with financial losses. It is not simply a matter of pain and distress, but it is also a fact that losses are usually the catalyst that pushes traders into making their worst mistakes, which can then cause even greater losses, producing a vicious spiral in which the trader’s account spins out of control. No matter how long you’ve been trading on foreign exchange (forex) markets, you are bound to experience lapses in trading discipline, whether they are brought on by unusual market...
Later on today the UK Parliament is set to vote on the Brexit deal which May has tried to modify following her historic defeat week’s earlier. The UK and EU have been in heated discussions, but UK officials emerged late Sunday and labeled the negotiations “deadlocked” as the EU refuses to make changes to the Irish backstop issue at the heart of the current impasse. Yesterday some MP’s urged May to scrap this evening’s vote as not enough changes have been secured from the deal which was voted down. With time running out, May decided to fly to...
