Trading Stories

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Forex markets likely to goad ECB into action

By MahiFX

Mario Draghi, the president of the European Central Bank, is probably one of the most effective central bankers when it comes to talking the markets in a particular direction – but if he wants a weaker EUR, action will have to back his words.

Recently the ECB surprised forex markets with talk of unconventional monetary stimulus programmes including even quantitative easing to ward off possible deflationary pressures. Draghi and some other ECB members have since tied the prospect of monetary intervention to the EUR being too strong.

This had the intended effect of weakening the EUR. But such are the ... Continued

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The Daily Score - 16 April 2014

By MahiFX

Market Summary

China's GDP growth came in at 7.4% for Q1, 2014, though the pace is slower than previous Qs, it was better than expected and this helped support AUD/USD and sentiment towards risk assets. The Nikkei 225 index rose 2.26%, but with markets in more of a risk on ... Continued

How To Spot a Forex Trader?

By Daniel Lindsay

Forex traders come in all different shapes and sizes, like Liquorice Allsorts. Across our diverse globe we have men and women, short and tall, little and large and so on. However, with different cultures come different traditions, customs and even jokes. You might trade from an apartment in the heart ... Continued

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