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.”
Dollar got support from the appointment of the new FED leader
Oil prices fell on Tuesday amid the uncertainty associated with the OPEC meeting this week. This will show the the quota for production of the cartel oil producers.
Market instability is growing
Gold is growing against the increased risks backdrop ahead of the discussion around resumption of the tax reform. The metal has risen in price by 0.5% to $ 1.293 and looks like seriously aiming the $1,300 mark.
Is the fall of the Chinese stock market temporary?
China’s blue chip index, the Shanghai Composite, fell 0.39% on Friday, while Japanese Hang Seng rose 0.28%. the Chinese index lost 3%, recording the largest decline since the market collapse in January 2016.
The outsider of the week – USD
EUR/USD reached the 1.1850 level this week, which is the maximum since the beginning of October.
Bearish signals take the market
On Thursday, bears slowed down, as the average Dollar index is waiting for the release of the ECB protocol at the meeting discussing Octobers results.
Shale companies strengthen their positions in the US
The economic calendar this week is stingy with important events, market is waiting for the release of durable goods, which will showcase the consumer sentiments and confidence.
Distrust in Merkel is growing
Investors have threatened to cut their positions on European equities, as the Euro has fallen to an eight-day low against the Pound. This all is fueled by the increasing political crisis in Germany.
Dollar is enjoying the silence ahead of Thanksgiving
Despite the growing doubts about the consensus of the House of Representatives and the Senate, strong economic statistics are convincing the increase in the rate for federal funds.
Will there be positive news for the Dollar?
The House of Representatives easily passed the bill with 227 votes to 205, which was an expected event. All attention is shifting to the Senate, where such easy victory is not expected.
Tax reform – the central theme of the market discussions
What’s interesting about the natural disasters impact on the economy, is the fact that it is kind of a stimulating shock how the economic agents adjust to it. As mostly price increase occurs.