Month: January 2019

ALPHA Market Update 31 January 2019


Market Update       Commodities Oil prices rose for a third day on Thursday, pushed up by signs of lower imports into the United States as part of efforts by OPEC to tighten the market. U.S. West Texas Intermediate (WTI) crude futures were at $54.58 per barrel at 0249 GMT, up 35 cents, or 0.7 percent, from their last settlement. WTI closed up 1.7 percent on Wednesday when prices touched their highest since Nov. 21...

read more

Exchange Rates: What Are They And Why Are They Important?


Whenever we start to look into forex trading and its origins, one of the first things we see is exchange rates. Exchange rates are known these days as the difference in value between the two currencies. For example, if you were to take a currency pair such as GBP/USD, the current exchange rate at the time of writing this is 1/1.31. This means that if you were in the USA and you wanted to buy 1 British Pound Sterling, you would have to pay 1.31...

read more

ALPHA Market Update 28 January 2019


Market Update       Commodities Oil prices fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and as China, the world's second-largest oil user, reported additional signs of an economic slowdown. International Brent crude oil futures were at $60.74 a barrel at 0804 GMT, down 90 cents, or 1.46 percent. U.S. crude oil futures were at...

read more

ALPHA Market Update 24 January 2019


United States Initial Jobless Claims and Manufacturing PMI will be released at 13:30 and12:45 respectively White House Economic Advisor: Government shuts down is possible to slow US GDP growth to zero this quarter Trump's State of the Union address plan is blocked. The Democratic Party leader of the House of Representatives swears that they won’t release of the Union address unless the government ends up closing The White House is...

read more

ALPHA Market Update 23 January 2019


Market Update       United States The leader of the Democratic Party has solemnly urged the rescheduling on the grounds of the government's closure, but Trump still plans to deliver an annual State of the Union speech on January 29th. US existing home sales in December fell by 6.4% month-on-month, down from expectations by 1.5%. The total number of existing home sales in December was 4.99 million, the lowest since...

read more

ALPHA Market Update 22 January 2019


Market Update       United States Existing Home Sales will be released at 15:00 US stock market and bond market closed for Martin Luther King Day yesterday Commodities Oil prices fell more than 1 percent on Tuesday on signs that an economic slowdown in China was spreading, stoking concerns about global growth and fuel demand. The gloomy news from the world's second-largest economy and top importer of oil...

read more

ALPHA Market Update 21 January 2019


Market Update       United States The Second US-North Korea leadership meeting is scheduled to be held in late February According to the media, Starbucks founder and Democrat Schultz may participate in the general election as an independent candidate. But this may further distract the Democratic votes and help Trump win re-election. At present, dozens of Democrats have announced or expressed their intention to...

read more

ALPHA Market Update 16 January 2019


Market Update       United States Core Retail Sales will be released at 13:30 Business Inventories and Factory Orders will be published at 15:00 S. PPI fell by 0.2% in December, which is the biggest drop in more than 2 years The Federal Reserve’s Great Eagles and Kansas City Fed President Esther George suddenly delivered a dovish speech on Tuesday, saying that they need to be more patient and cautious in...

read more

ALPHA Market Update 15 January 2019


Market Update       United States Trade Balance and PPI will be released at 13:30 Three heavy articles from the mainstream media have once again focused public attention on the “Russiagate” last weekend. The spearheads of these articles are directed at President Trump, and he continues to respond and shout in front of the media and the public. Trump officially clarified on Monday that he had never "worked" for...

read more

ALPHA Market Update 14 January 2019


Market Update       United States No News United Kingdom GBPUSD is ranging towards the top of 1.28 range as we move closer to the vote and rumours keep surfacing about the necessity to delay the Brexit date beyond March to get the key 7 bills through parliament. Theresa May has said that is more likely that we do not have a Brexit rather than a no-deal divorce, this is a tactic to ensure the vote goes...

read more