Educations

May told business leaders she’s committed to Brexit deal in autumn

May told business leaders she's committed to Brexit deal in autumn

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Theresa May comments on call Theresa May was on a call with about 100 CEOs today and Reuters cites a source on the call. Believes European leaders committed to deal this fall Her message on Brexit was "quite optimistic" Some on call expressed worry that contingency measures may be irreversible That's nothing she hasn't said…
EUR/CHF rally capped at the October highs

EUR/CHF rally capped at the October highs

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Euro puts in a strong day Some kind words from EU leaders and a sign of a small willingness to compromise from Italian leaders are the story in euro trading today. EUR/CHF touched the lows of the week a few hours ago at 1.1393 but it's been on a nice run since and is threatening…
Italy: Salvini and Di Maio are considering moving on the deficit target

Italy: Salvini and Di Maio are considering moving on the deficit target

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Deficit could be lowered The new deficit in the budget would be 2.1% of GDP, according to a report in Foglio. The current target is 2.4%. The spat over tax amnesty continues but for now the euro likes it. EUR/USD is at a session high, up 57 pips to 1.1509. ForexLive
Is Bank OZK the canary in the higher rates coal mine?

Is Bank OZK the canary in the higher rates coal mine?

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Shares plunge 25% You probably haven't heard of Bank OZK. It was formerly called Bank of the Ozarks but it's best known as a major US commercial real estate lender, growing dramatically in the past 20 years. Today, there's been a reckoning with shares down 25% to the lowest since 2013. This is a brazen…
European equity close: Mixed bag

European equity close: Mixed bag

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Closing changes for the main equity bourses UK FTSE 100 +0.5% German DAX -0.3% French CAC -0.6% Spain IBEX +0.4% Italy MIB +0.3% For the week: UK FTSE 100 +0.9% German DAX +0.3% French CAC +0.1% Spain IBEX +0.2% Italy MIB -0.8% Not a bad week, all things considered. The big worry in the week…
NY Fed Q3 GDP Nowcast dips to 2.13% from 2.25%

NY Fed Q3 GDP Nowcast dips to 2.13% from 2.25%

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GDP tracker from the New York Fed The New York Fed lowered its GDP tracker. Next week we finally get hard data on Q3 GDP with the preliminary GDP release. "Negative surprises from retail sales data and housing data accounted for most of the decrease," the report said. The Q4 tracker was also lowered to…
How do you think about turning your forex trading failures into successes?

How do you think about turning your forex trading failures into successes?

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How you react can make a big difference Each forex trade is an experiment that can lead to a failure/loss.  Many new traders are not used to failing as many times as will happen in trading forex. That's tough to take for many. How traders think about trading failures can make a difference in the…
Trump targeting China is no coincidence, and no passing fad

Trump targeting China is no coincidence, and no passing fad

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What's the strategy and what does it mean I don't think it's a coincidence that the acceleration in equity market declines started on October 4. The heavy selling started almost immediately after Pence delivered his comments at 11 am ET. "As President Trump said just this week, in his words, 'We rebuilt China' over the…
Of all the Chinese statistics, this one is the most mind-blowing

Of all the Chinese statistics, this one is the most mind-blowing

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Not just China's economic growth In the past 17 years, China's GDP has grown nine-fold. That's impressive. But what's truly mind blowing is that buying the Shanghai Composite equity index 17 years ago and forgetting about it would have been one of the worst things you could possibly do. From 2000 to today, the index…
Video: Why the old FX playbook doesn’t work

Video: Why the old FX playbook doesn't work

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do…