May Market Overview

$Us Dollar: The month started with lower than expected trade balance and manufacturing PMI, improved Non-Farm Employment Change and unemployment rate remaining at 5.4%. The second week brought lower than expected retail sales and subdued prelim consumer confidence despite reduced unemployment claims. Building permits and core CPI came above expectations, home sales below and the month ended with unemployment claims higher than expected but below 300,000 for the straight 12th week indicating signalling the labor market remains firm amidst slow rebound in economy from the first quarter slump. FOMC minutes…

Divergence

Forex Market News ‘In vector calculus, divergence is a vector operator that measures the magnitude of a vector field’s source or sink at a given point, in terms of a signed scalar. More technically, the divergence represents the volume density of the outward flux of a vector field from an infinitesimal volume around a given point.’ – Wikipedia Lucky for you that’s not what we are talking about…Relax! The definition of ‘Divergence” from Investopedia is much more relevant: ‘When the price of an asset and an indicator, index or other related…

The Basics of Currency Trading

4 Intro Steps to Currency Trading Currency trading takes place on the foreign exchange market, and signifies the practice of buying and selling currencies. Accurate speculation of currency value is vital for effective trading. Venturing into the foreign exchange market can be a highly lucrative exercise, but in order to make a profit and protect your investments, it is necessary to develop a thorough understanding of trading on which to build your venture. Here are some of the basics you’ll need to know. 1. Forex trading Currency trading is also known…

Breaking old habit patterns

Monthly Newsletter – Forex Psychology with Saira Khalid You have a mega month ahead to end the financial year on a high. Even better let us learn a few fun ways to create new good habits and to break the old ones that no longer serve us. Breaking an old habit pattern is not easy and we would all agree. Daily actions lead to habits and the best way to create a new habit is to do it daily for 21 days without taking a break. You will feel empowered…

5 things you need to know about currency trading

Looking to Start Currency Trading? Here’s how! Do you think you have what it takes to survive in the competitive and unpredictable world of trading? Currency trading refers to the buying and selling of money on the foreign exchange market. With sufficient training, anyone can become a successful currency trader, but it takes a certain amount of know-how and patience to generate substantial profit. Here are 5 things you need to know when looking to start currency trading. 1. There is help available Despite the somewhat complex and erratic nature…

The Flow-on Effects of New Zealand’s Interest Rate Cuts

RBNZ cut Kiwi rates You might have heard a lot of chatter regarding the New Zealand Reserve Bank’s decision to cut interest rates in New Zealand. This obviously has an impact on the economy, but sometimes it can be difficult to cut through the financial talk to get a clear picture. Here’s our take on what happened and what it means for the future. What actually happened? On June 11 2015, the Reserve Bank of New Zealand announced that it was reducing the Official Cash Rate (OCR) by 25 basis…

Mastering mental programs to enhance your trading performance

Enforcing positive behavioral patterns Dear Traders, Today I want to cover a couple of processes used in Neuro Linguistic programming. The processes are Deletion and Generalization. From my experience in coaching the Traders I have found that people use these 2 patterns constantly. This effects their trading results. Behavioral change work is based on how we communicate with ourselves and others. As an external event happens, we make an Internal Representation (I/R) of that event. That I/R combines with our physiology and creates a state. When we say ‘state’ we…

July Market Overview

Forex Trading News $Us Dollar: The month started with disappointing jobs data despite increased Consumer Confidence and the reduction in Unemployment Rate to 5.3%. Core retail sales unexpectedly dropped in June, Trade Balance, Unemployment Claims and PPI increased. Fed Chair Yellen in her testimony to Congress 15 July stated that the Labor market has continued to show progress towards the objective of maximum employment and despite the inflation below the longer-run objective the FOMC continued to anticipate that it will be appropriate to raise the target range for the federal…

Best Ways to Invest Your Tax Refund

Your Tax Refund What have you got planned for this year’s tax refund? Maybe you’ll pay a few bills, or splurge on a holiday with the family. These are both great options, but have you ever wanted to do something more with your money? Take advantage of this savings stash that you receive each year and put it to good use – here are a few ways you can invest your tax return that you might not have thought of. Further education Investing in upskilling or refreshing your knowledge could…

The Success Mindset

Successful people do what unsuccessful people are not willing to do therefore it seems that success in anything comes down to our ability to take action in a systematic way consistently and these actions are a result of a success mindset. Today I want to discuss a tool “VISUALISATION” to add to your success mindset toolbox. September is here to bring great opportunities in this Forex world and I want to support you in getting the most out of your trading month by focusing on your Mindset to create the ultimate…