Arthur is a stock market and currency expert with a vast experience in market research and investment consulting. Dedicated Forex trader and financial practitioner, keen on testing new trading techniques and investment strategies.
Favorite trading instruments
- ‘Safe Haven’ assets: Gold, CHF, JPY
- US and China Stocks
- Minor pairs: USD/RUB, USD/MXN, USD/TRY
Preferred market analysis
Fundamental analysis involving current macroeconomic data and geopolitical events, analysis of changes in monetary policies, central banks’ minutes, historical analysis of major economic reports, correlation analysis.
Risk-seeking aggressive intraday trading with tight money management, momentum trading.
Arthur reckons that a profitable trading strategy is a brainchild of the trader finely combining market knowledge and trading experience.
“The most difficult thing for a rookie trader is to understand that losing trades is part and parcel of consistent profitable trading. Although it is a very simple concept, it takes years of patience and hard work to put this fact into practice.”
Oil prices rise amid speculation on OPEC agreement extension
Oil prices advanced on Tuesday, finding support from the latest comments of officials suggesting that OPEC could extend its agreement to cut global oil production for another six months.
Greenback crashes in the aftermath of healthcare bill failure
The US dollar plummeted against the other major currencies, as doubts about the Trump administration’s ability to deliver on his pro-growth economic pledges weighed on investors.
Key events of the upcoming week you should learn today
Be ready for what the next week holds, as there is a lot of the European market data coming in.
Oil market recovery has been stopped
Saudi Arabia will continue to reduce exports. The storage hubs gained 5M barrels rising to a record 533M, while production exceeded 9.1M barrels per day.
Have Trump reforms started to fail?
Trump care success is to possibly breathe new life in reflation trade, but his other “key” projects like the fiscal and tax reforms hold no information.
Is it the end of the US stock rally?
Trump’s battle with Congress could signal a potential stop to the rally, as investors are ready for the next selloff. The US currency has pulled back to the pre-election levels.
Another currency to climb the peak
The FED officials have not helped the Dollar, as Yen updates to a 5-month peak. The Nikkei index lost more than 300 points as market propelled the demand for the Japanese currency,
Austrailian Dollar is reching a five-month peak
The EUR and GBP are on a rally, as the Dollar is still in a slump. AUD/USD is rushing to new heights and will likely grow even more, as soon as unemployment is under control.
Pound trades look risky
The Dollar is declining at a rapid pace, as the FED statements are yet to determine the further rate hike prospects. At the same time, Pound rose on the BOE decisions but is still being kept in the dark thanks to the Article 50 taking action.
What you should know about the next economic week
We are waiting for clear signals in next week market events, as this week has brought a lot of instability.