Financial Market Content Writing

The sixth FOMC meeting in 2017 is scheduled for the 19^th- 20^th September.

International gold prices are down more than 30 percent since scaling the $1900 per troy ounce peak in the second half of 2011, making the asset class one of the worst performers in relation to both short and long- term financial instruments such as

Pound Sterling dropped versus the dollar after the Bank of England decided to leave the benchmark interest rates unchanged at record lows of 0.25 percent, following its monetary policy meeting on August 2^nd 2017.

The US economy grew at the fastest pace in three quarters, registering a 2.6 percent growth in the second quarter of 2017, compared to the year earlier even as the Q1’17 figures were revised lower to 1.2 percent from 1.4 percent.

Before taking a look at some of the common mistakes committed by FX traders, a quick summary of the FX markets-

It’s been over a month since Nifty breached the 9700 mark for the first time in its history, before slipping into a short- term correction mode.

Manufacturing PMI in the US rose to more than 2 year highs in June on the back of rise in employment, new orders and production. The monthly data released by ISM came in at a better than expected 57.8 from 54.9 in May. However, the index measuring inventories slipped to a 3- month low.

Every trader has a unique trading style and preference when it comes to analysing charts. However, it can be quite perplexing when it comes to choosing charting softwares, with the likely exception being FX traders.

When the Bretton Woods Agreement collapsed in 1971- 1973, gold was pegged at around $35- 40 a troy ounce to the greenback. Since then, the precious metal has risen close to 3500 percent in 45 years.