Friday , May 25 2018

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Asia stocks rise as risk appetite returns

The happy mood continues with the Australian and Canadian dollars both enjoying positive GDP reports. EUR/USD remains under pressure and USD/JPY is marching forward. Will these trends extend? Join me for a live market open, hosted by FXStreet: walking though recent developments and their impact on currencies, going through charts of majors, minors and crosses, previewing [...]

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A man is reflected in a logo for the Australia and New Zealand Banking Group Ltd (ANZ) as he walks past a branch located in a Sydney suburb February 17, 2015. ANZ on Tuesday posted a 3.5 percent rise in first-quarter cash profit, warning that 2015 was shaping up to be a "slightly tougher, more volatile" environment. ANZ reported cash profit of A$1.79 billion ($1.39 billion) for the three months to Dec. 31, compared with A$1.73 billion a year ago, led by a strong domestic performance, while lower trading income and higher expenses hurt revenue growth.  REUTERS/David Gray     (AUSTRALIA - Tags: BUSINESS LOGO) - RTR4PV6V

Australian Q4 GDP preview – ANZ

The ANZ Economics Team is forecasting a 0.5% q/q increase in Australia’s Q4 GDP today vs 0.4% expected, which would suggest that growth remains modestly below trend. key Quotes “ANZ is forecasting a 0.5% q/q increase in Q4 GDP (mkt: 0.4% q/q) following the 0.9% q/q rise in Q3. Year ...

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Upside potential for EUR/USD? – Commerzbank

decides on surprisingly aggressive easing. There are first signs indicating that the market view is shifting in this direction, which should limit upside potential for EUR/USD ahead of the ECB’s upcoming meeting on 10 March. Key Quotes “How much further can EUR/USD rise? Since 1 February the exchange rate is ...

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Oil prices rise

Oil gains 12% but ends the week down

Oil futures surged 12% on Friday, posting the biggest one-day gain since 2009, after the United Arab Emirates energy ministry said on Thursday that OPEC might be willing to cooperate on possible output cuts. WTI for March delivery rallied 12.3% to settle at $29.44 a barrel on the New York ...

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Master Forex Currency Trader

Master Trader or Just Blind Luck?

We’re half-way through the third week of the Explosive Growth Mentoring trading room. I wish I had this training back in 2004 when I first started trading the Forex market. It would have saved me a lot of blood, sweat, and tears over the years. […]

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