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Good Morning All Users;

overnight, the main focus was the OPEC meeting in Vienna. OPEC agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted "a big hit" on its production and dropped its demand on arch-rival Iran to slash output. Non-OPEC Russia will also join output reductions for the first time in 15 years to help the OPEC prop up oil prices. The deal would reduce output by around 1.2 million bpd. Saudi Arabia will take the lion's share of cuts by reducing output by almost 0.5 million bpd to 10.06 million bpd. Its Gulf OPEC allies - the United Arab Emirates, Kuwait and Qatar - would cut by a total 0.3 million bpd. Iraq, which had insisted on higher output quotas to fund its fight against Islamic State militants, unexpectedly agreed to reduce production - by 0.2 million bpd.
From the US data front, Private Payrolls showed private employers stepped up hiring in November and consumer spending increased last month, the latest signs of economic strength that could further cement the case for an interest rate hike from the Federal Reserve next month. Private payrolls printed 216K from 147K prior, while consumer spending rose 0.3% after an upwardly revised…
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cosma 2 Dec.

follow  FxCox    on Twitter

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Ayushvam 2 Dec.

Informative, Nice one.!! cosma

Beto avatar
Beto 19 Dec.

nice info, well done.

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1.0 Introduction

GBP has depreciated in the 7 months up to February substantially. This was most conspicuous on the GBP/JPY pair which
was down by over 20% and GBP/USD pair which has dropped by over 12% and reached a 7 year low at 1.3835. Afterwards
the GBP has bounced back up to around 161 and 1.44 and is currently trading at around 159 and 1.41 respectively.
The two main factors determining it’s further trend direction for the upcoming months will be the potential Bank of England’s interest rate decision as well as the referendum taking place on June 23rd and being decisive on whether United Kingdom will stay or leave the EU.
1.1 EU Referendum
The Fitch Ratings agency has issued a report stating that Brexit would “drive short-term disruption and long-term risks” and that the “precise impact would be highly uncertain”.The referendum factor is solely political and unpredictable, although BoE Governor Mark Carney has reassured that additional liquidity will be provided to the banking sector before and after the referendum in order to avoid any potential insolvency problems. However, as the campaign unveils we will probably see many turnarounds in polls and predictions and this wil…
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Daytrader21 avatar

Good job!!

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Goodini avatar
Goodini 1 Apr.

good article

driven avatar
driven 2 Apr.

Interesting article. Well done!

Kivetat avatar
Kivetat 19 Apr.

Very good job)))) Thank u for this informative and interesting article))))

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Photo: -Stuart Miles
Long-term Fall
The EUR/USD has been tumbling down since April 2014 when it started it’s longterm downward trend. It has dropped from the level of almost 1.40 to a lowest level since 2003 reaching 1.0460 in March 2015. This is a drop of over 33%!
Even though the crisis of 2007/2008 originated in the US mortgage and derivative assets markets it quickly spread through the interconnection of many financial institutions and hit the Eurozone economy quiet hard. After the financial crisis of 2007/2008 the Eurozone was hit by the sovereign debt crisis at the end of 2009. Several countries had to be bailed out in order to fulfill their debt obligations and not to have a detrimental effect on the European economy which was just coming out of the previous crisis.
The massive selloff of the euro which took place in 2014 was due partly to the deteriorating economic situation in the Eurozone or to be more precise the stagnation and nonimprovement of the economic situation. However it wasn’t the only reason. This depreciation was further fueled by the decisions of the Fed to scale back and finally bring to a halt in October 2014 the longlasting quan…
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Agnessa26 avatar

Good job

WallStreet6 avatar

Today finally an agreement was reached between Greece and it's creditors. Greece obliged itself to implement reforms which previously were put down by the people in a referendum. In return Greece will receive over 80 billion euros in long term financing.
The reaction of the EUR/USD currency pair was- DEPRECIATION
I thought that it will appreciate if a resolution to the situation is found which won't be Greek default. I guess the market has already priced in this scenario. Or did the market percieve this outcome as less positive than a default of Greece- I don;t think so.

WallStreet6 avatar

With no doubt the markets were tired with this topic and with this out of the way at least for a couple of months (until the elections in Greece), the markets should concentrate more on the current economic situation in the Eurozone.

SalviLeana avatar
SalviLeana 30 July

Well done

WallStreet6 avatar

The EUR/USD has closed July just below the 1.10 level. It is nowhere near parity, however I think that reaching parity level is still very probable this year. The Greek debt situation seems to be resolved as an agreement has been met. However, time will show whether the compulsory reforms will be implemented. Thus, a political risk still exists as the elections in Greece in a couple of months will show whether there is political will to continue implementing the adequate reforms. 

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The relationship between currency and other financial markets

Financial markets price movement prediction is successful trading basis. And Experienced traders know, that trading the currency market requires not only knowledge of the forex area. Currency price movement depends not only on macroeconomic developments and other economic news, but also from other financial instruments movement.
Trader, knowing that the currency with which the market is concerned, can predict some of the forex market movements before they happen. To lead in this game and make more informed trading decisions, you need to carefully monitor the related markets.
Stock indices

Stock indices review can provide lots of information about market sentiment, which is very useful to the trader. Market sentiments shows, how comfortable feels market trader. The more you trust it, the more willing to take risks. In general, stock indices upwards when the market sentiment is positive - or, in other words, risk tolerance - and decreases when the mood is negative - or avoid risk.
Assessing the market sentiment, traders analyze these stock indices: S & P500, Nasdaq100 and Dow Jones Industrial Average the United States, D…
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Ticker avatar
Ticker 20 Mar.

thanks you all!

missanzhelika avatar

Great job! Very informative!

pthstr avatar
pthstr 22 Mar.

good article, could be even better with pictures!

Ticker avatar
Ticker 30 Mar.

goo luck all at this contest! thanks pthstr

astropata2 avatar
astropata2 22 Apr.

good article! Sorry I didn't look earlier....

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In their “Monetary policy assessment of 14 March 2013”, the Swiss National Bank (SNB) decided to leave the exchange rate of CHF 1.20 per euro unchanged. The SNB said that “the minimum exchange rate is an important instrument in avoiding an undesirable tightening of monetary conditions. The SNB will therefore enforce this minimum rate with the utmost determination and, if necessary, is prepared to buy foreign currency in unlimited quantities for this purpose.” Last summer the SNB was a key mover of the global forex market. It was known to be buying tens of billions of euros each month, hoping to keep the franc weak to protect its exporters in the face of inflows from spooked overseas investors at the height of the eurozone crisis in May. Rumors abounded among forex investors that the SNB was buying Swedish krona and the Australian dollar. Bankers said there had been days when the SNB was the biggest single buyer of Australian debt. Figures released by the SNB later in the year confirmed the rumors; the proportion of “other” currencies on its balance sheet – the Australian dollar, Swedish krona, Danish krone, Singapore dollar and Korean won – rose. The IMF is considering switching CA…
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Arenoosh avatar
Arenoosh 25 Mar.

thank you for your feedback

Efegen avatar
Efegen 28 Mar.

You were right and you are goin to be right.

Arenoosh avatar
Arenoosh 28 Mar.

@Efegen when I published this article the usd/chf rate was arround 0.9380. If someone went long on this pair after reading my article, now he would have +160 pips and I think by the end of the contest might be +200 pips.

Arenoosh avatar
Arenoosh 28 Mar.

Now I have one more reason to be long USA. Even if, this year, we didn't had a spectacular oil prices evolution we do have something: the gap betwen WTI and BRENT is reducing and that means investors are working with the assumption of a better performance in relative terms of US economy because we all know that WTI is a benchmark for the US while BRENT is a benchmark for Europe and Asia. For 2013 I would be long US stocks, and usd vs G7/G20 currencies.

SpecialFX avatar
SpecialFX 29 Mar.

Very detailed article mixing a lot of different types of analysis, I liked it a lot :)

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