GROWING YOUR TRADING SKILLS
It’s the beginning of a new year and a lot of changes coming to Orchard Forex. Firstly, we will be merging services from our other sites, fxcharts.net, fxchartworks.com and chartmonitors.com to provide a comprehensive service in one location. You may have noticed that Orchard Forex has been mirroring articles from fxcharts.net for some time and […]
It has been another choppy sideways session on Thursday although the stock markets continue to grind ever higher, and from the look of the charts this may well continue to be the case. In particular, having now broken above 7000, the ASX appears t be very well underpinned. The currency markets are non-directional, and further […]
The US indices once again reached record highs on Thursday, on the back of encouraging retail sales data and upbeat earnings from Morgan Stanley added to optimism from the signing of the Phase 1 of the US/China trade deal. The data that showed that the US retail sales rose by 0.3% in December, in-line […]
The signing of the US/China trade deal did not exactly set the markets on fire although we did briefly see yet new all time highs in the US stock indices. That aside, it has been another benign session, with the main FX interest being seen in the Swiss Franc after the Russian Government’s resignation […]
16 Jan: Stocks firm, US$ soft after US/China sign Phase 1 trade agreement. German CPI, US Retail Sales ahead.
US stocks were generally positive on Wednesday although the major indices ended the session below new intraday record highs, while the US$ was pretty much unphased, after the US/ China signed their Phase 1 trade agreement. The biggest move in the FX markets came in the Swiss Franc, which jumped higher on political news […]
It has been another rangebound session as traders await the signing, later today, of Phase 1 of the US/ China trade agreement. The US$ and stocks did briefly rise following the release of the stronger than expected US inflation figures but the rally was brief and has since seen a return to previous levels […]
It has been another choppy sideways session on Tuesday and it looks likely to remain that way until the signing of the trade pact between the US/China although there will also be some economic data (US PPI/New York State Empire Mfg Index) as well as corporate earnings from BOA, BNY/Mellon, Blackrock, Schwab, Goldmans, Alcoa and […]
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