Trading CFDs carries considerable risk of capital loss. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
January 02, 2018
Last year closed with important performances that were not seen for a while, especially concerning Euro and Dollar.
The first one, strong on most of the main currencies (it was only a loser against the Polish zloty), gained more than 14% against the Dollar, a performance that had been missing since 2003.
Vice versa the Dollar suffered, in particular from May, an unexpected fragility, above all due to the substantial differential rates that characterized it with a -10% Dollar Index following three years of consistent growth.
Among the emerging currencies we can find mixed trends: a bad time for the Mexican Peso and the Turkish Lira, well done the Russian Ruble and, in the last part of the year, the South African Rand.
It will be an interesting 2018, with the new President of the Fed Mr Powell and the effects of Trump's economic policy testing reality. In Europe, Draghi will face its last full year at the helm of the ECB (his task will expire in October 2019) with the possibility that in the latter part of 2019 interest rates will move upwards.
Let's now see in details the main market movers of the first month of 2018.
As usual the year starts with two important macro data on January 3rd (Ism Manufactory) and January 5th (unemployment) published simultaneously with the minutes of the last meeting of December of the Federal Reserve (January 3rd). On January 5th also pay attention to the trade balance, factory orders and non-manufacturing ISM. The second decade of the month will begin with producer prices (11th) and inflation (12th). On the same day we will know the data about retail sales in December. Going forward, America will publish the industrial production data on January 17th at the same time as the Beige Book. Attention then on January 25th to the leading indicator followed by the data on the fourth quarter GDP on January 26th, the consumer confidence on January 30th and especially the FOMC on January 31st when we will be able to understand the path of the rise in US rates in 2018 .
Also in Euroland the highlight of the month of January will be the ECB meeting on January 25th. Before that date, inflation data (January 17th), industrial production (January 11th), German Zew (January 23rd), and Pmi (January 24th) will have to be followed closely. At the same time as the ECB meeting, the German IFO index, while January 30th will be the turn of the fourth quarter GDP.
This year should define in details some important agreements between Europe and UK about Brexit. At the beginning of the month the publication of industrial production data (January 10th) followed by inflation on the 16th, retail sales on the 19th, unemployment on the 24th and on the data of the fourth quarter GDP the 26th.
Thanks to the data published at the end of January we will understand if Abenomics will be able to push the Japanese economy even at the beginning of 2018. Inflation on the 26th, unemployment on the 30th and industrial production on the 31st. The Bank of Japan will decide on rates on January 23rd.
Among the G20 countries we can highlight three important monetary policy events:
Canada on January 17th
Turkey and South Africa on January 18th
May 15, 2018
The volatility of the forex world is one of those factors that attract a huge number of beginner and professional traders.
April 13, 2018
What really drives the forex market? This is a question that is difficult to answer especially due to the complexity of the forex market and all the variables that influence the quotations of a currency.
April 02, 2018
At the beginning of April, we can expect a rise in rates of the Fed, in a very uncertain market moment, especially on the stock market.
March 01, 2018
A list of important events that can move the markets in March...
February 18, 2018
For those trading on forex it is essential to understand all the signals that the market offers daily. Technical analysis tools help the trader understand who is dominating the market: bulls or bears.
February 05, 2018
There are no appointments in the month of February with the two most important central banks in the world, ECB and FED.
January 20, 2018
Good traders always use a stoploss when they open a new trade. You can use a regular stop, but you can also use a trailing stop.
December 18, 2017
Among the most relevant macroeconomic data for forex traders, inflation must absolutely be included, or even better all the data on production price trends (PPI) and consumption (CPI).
December 01, 2017
December is crucial for the currency market, but not just because of the important meeting of the Federal Reserve scheduled for the 13th.
November 21, 2017
Forex trading can create significant error margins and for this reason the combination of money management, continuous training and common sense is crucial to get the success you want.
November 02, 2017
November starts with the Federal Reserve meeting that should lead to the rise of rates in the month of December.
October 21, 2017
The Forex market allows each trader to operate not only on major currencies like EurUsd, UsdJpy or GbpUsd (the so-called majors), but also on the so-called exotic cross currencies.
October 04, 2017
The month of October is dense with appointments, especially with reference to the news that might come from Central Banks.
June 30, 2017
As always, the month of July represents the antechamber to the month of August, a usually volatile month for financial markets due to the low amount of trades and lower presence of institutional transactions.
May 21, 2016
What are the benefits of trading CFDs over traditional forms of trading?