Day in the Life of a Senior Accounts Manager at TRADEMAX

By Will Liu– 24 June 2020 What is Simon’s current profession?Simon works as a senior account manager at Trademax, an up and coming forex broker with operations worldwide, having branch offices located in all key financial industry hot spots. Trademax’s main base of operation remains in the Asia-pacific region and has expanded since their founding … Read more

2020 T2 W4

MARKET MOVERS Wendy Le RBA Gov Lowe Speaks – Monday 22nd June 9:00 am  With Australia slowly recovering from the effects of COVID-19 and the removal of most restrictions, hints about the future of monetary policy in Australia would likely affect the strength of the AUD. Governor Philip Lowe’s speech may provide some clues that … Read more

2020 T2 W3

MARKET MOVERS Victor Shen Core Retail Sales (USD)   Tuesday 16th June 11:30 pmPartly supported by last month’s astoundingly positive job data, US core retail sales are forecasted to rebound from last month’s abysmal -17.2% to about 5.5%. Coupled with further easing of restriction, US economic outlook is looking more positive. CPI m/m (CAD) Wednesday … Read more

2020 T2 W2

MARKET MOVERS Wendy Le ECB President Lagarde Speaks (EU)   Monday 8th June 11:45 pmThe European Central Bank tends to drop subtle hints about future monetary policy or interest rate changes during the speeches. With the EU slowly recovering from the coronavirus, any indication of monetary policy stabilizing ensure bullish continuance for the Euro. CPI m/m … Read more

2020 T1 W9

MARKET MOVERS Underwhelming US Job Data – 12th April Adam Bi Before the Coronavirus pandemic spread globally, U.S. unemployment rate was at its 50-year lows. Due to social isolation measures, U.S. unemployment rate is soaring at an alarming speed. The Labor Department reported on Thursday that another 6.6 million people made new jobless claims-applications by … Read more

2020 T1 W8

MARKET MOVERS ADP and NFP – 6th April Will Liu Last week saw the release of the ADP and the NFP, two hard hitting employment related statistical release that often create large, but short-lived moves in the forex market. For a bit of context, the ADP and the NFP figures for Non-Farm Employment Change differ in many … Read more

2020 T1 W7

MARKET MOVERS Government Initiative Halts Falling AUD29th March Allan Liao On the 19th March, the RBA announced a rate cut of 25 basis points to 0.25 through a $90Billion quantitative easing program in order to counter the economic impact of domestic lockdown. As of Thursday 26th March, AUD$9Billion worth of government bonds maturing in Dec 2021 July … Read more

2019 T2 W4

WHAT MOVED THE MARKET US Federal Reserve Interest Rate Why is the US – Federal Reserve Interest Rate so important? The US Federal Reserve chose to keep rates steady at 2.5%, however indicated a rate cut could occur in the not too distant future. Jerome Powell commented on the slowing wage increases coupled with growing … Read more

2019 T2 W3

Market Movers US – Mexico Trade Deal Why is the US – Mexico Trade Deal so important? Trump has reached a deal with Mexico and agreed to abolish the 5% tariffs on all Mexico goods coming into the US. This agreement is a significant milestone and has prevented the US-Mexico- Canada agreement from deteriorating further. Currently, USA … Read more

2019 T2 W2

WHAT MOVED THE MARKET RBA Monetary Policy Decision & Domestic Retail Sales Why is the RBA Monetary Policy Decision important? Any changes to interest rate or outlook by the RBA, including dovish or hawkish tone, will impact the value of the AUD. Therefore, rate decisions and the RBA Monetary Policy Statement are vital to gauge how the … Read more