2018-01-22 20:20
Rising risk appetites and with Brexit gloom dissipating a bit, GBP could reach 1.4500-1.5000 against USD providing that sentiment remains positive. With the EU beginning to appreciate that i… Read More
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Blog — Mahifx Blog
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MahiFX blog provides the Forex community with industry insight through the sharing of news, opinion pieces, market analysis and discussion of trading strategies.
2018-01-09 18:02
A EUR-triumph As it turned out, 2017 wasn’t such a bad year. Unfortunately, 2018 may turn out to be more challenging. The global economy could well be in its final phases of economic g… Read More
2018-01-08 17:21
The USD should be rising - the US economy is doing well and the US Federal Reserve is at the forefront of raising interest rates with more to come, yet the Greenback is not responding Read More
2017-12-22 18:22
In many respects 2017 was a good year with the global economy growing well and with the US Federal Reserve able to gradually normalise its ultra-lose monetary policy and slowly raise interes… Read More
2017-12-18 15:40
This week is the last full week of trading this year, which means that liquidity and volatility are likely to go through their seasonal decline. Nonetheless, there are still some events that… Read More
2017-12-12 11:40
The EU has granted the UK permission to negotiate with it over their future mutual relationship - a development hailed as a breakthrough and a GBP positive. But as the European Commission it… Read More
2017-12-04 18:41
On Friday sees the release of US Non-Farm Payrolls numbers, the last for this year, which is likely to be the most important event this week for global currency markets, but it could be over… Read More
2017-11-27 14:01
GBP’s plunge since last year’s EU referendum was supposed to be an opportunity to rebalance the UK economy and shrink its colossal current account deficit. But this may not happe… Read More
2017-11-20 21:41
Japan has just achieved something amazing and it could be a JPY positive. It has just enjoyed the longest period of economic growth since 2001 triggering speculation that it might start call… Read More
2017-11-13 17:01
The USD took a knock as the tax cutting plans of the US administration could be delayed — but in the meantime, the US economy is actually doing rather well regardless suggesting the gr… Read More
2017-11-13 04:21
The last couple of weeks have been pivotal for the divergence forces at work in the forex markets with the UK being the latest country to pull in the opposite direction of the US on monetary… Read More
2017-11-13 04:21
At its last meeting the markets thought it was a dead cert that the Bank of England (BoE) would cut interest rates and it didn’t. The same view prevails that the Aug 4 meeting is also… Read More
2017-11-13 04:21
Since Brexit something interesting and unexpected has happened. US shares have hit all-time highs, and stock markets around the world have also rallied. The reasons behind this move could tu… Read More
2017-11-13 04:21
Though the EUR has recovered a bit from the Brexit vote on June 23, it remains vulnerable to further sharp sell-offs with elections and referenda due across Europe over the next 12 months. T… Read More
2017-11-13 04:21
GBP’s decline may have stalled last week, but more downside is likely given the uncertainty over the UK’s long-term trade position, tough upcoming negotiations with the EU and th… Read More
2017-11-13 04:21
In the wake of the UK’s vote to leave the EU, which set GBP crashing to record lows, two even more important devaluations also occurred with potentially far greater consequences for fo… Read More
2017-11-13 04:21
The EUR is likely to notch up further losses with the markets seeing monetary divergence as alive and well between the US and the Eurozone and much of the rest of the world. Falls to as low… Read More
2017-11-13 04:21
The British public did the unimaginable by voting to leave the EU – a move that could trigger other referenda across the Union and this time markets will be less inclined to take expec… Read More
2017-11-13 04:21
Today’s U.K. vote on the EU referendum, may result in the market experiencing at any time during, leading up to or following the vote, high volatility across impacted currency pairs wi… Read More
2017-11-13 04:21
Last week USD put in a strong performance as expectations for a rate rise are gaining momentum thanks to comments from some Federal Reserve officials and relatively robust US economic data … Read More
2017-11-13 04:21
By Friday we should know whether this is the beginning of the end of “western political civilisation” as we know it to quote the apocalyptic prediction of European Council Presid… Read More
2017-11-13 04:21
Not unsurprisingly, political considerations and ideology are taking precedence over the coming UK / EU separation, which for the moment points to a hard Brexit and more pressure on GBP. In… Read More
2017-11-13 04:21
The Federal Open Market Committee meets on Wednesday to decide on US interest rates with the general consensus for no move at this meeting, which is likely to be relatively USD neutral given… Read More
2017-11-13 04:21
Last week the US Department of Justice (DoJ) was a catalyst for moving the EUR/USD exchange rate and that could well play out into next week, especially if it is confirmed that Deutsche Bank… Read More
2017-11-13 04:21
Forex markets often act as a good political barometer and right now a particularly interesting one has developed around US Presidential candidate Donald Trump and the Mexican Peso (MXN), whi… Read More
2017-11-13 04:21
Two of the three most important central banks will be in action this week suggesting not only the potential for considerable volatility, but also the possibility that it could set new trends… Read More
2017-11-13 04:21
Inaction by the European Central Bank (ECB) and Bank of Japan (BoJ) might be paving the way for the US Fed Reserve to raise interest rates on Sept 21 while dampening a potential USD surge. T… Read More
2017-11-13 04:21
September promises to be an active month for forex and could form the basis of new trends as it is jam packed with policy announcements involving monetary policy on the majors. The situation… Read More
2017-11-13 04:21
For most of this year JPY has been in a monster rally, but has now reached levels where traders should be cautious – because there’s a growing risk that the Bank of Japan will be… Read More
2017-11-13 04:21
With the Bank of England pushing the pedal to the metal on monetary stimulus and the likelihood of data pointing to a deteriorating UK economy – there’s little to stop GBP/USD si… Read More
2017-11-13 04:21
The USD index made a 13-year high and looks to be breaking-out of a near two-year consolidation pattern, which could be very bullish with the Eurozone potentially providing real fuel for tha… Read More
2017-11-13 04:21
It’s happened again – commentators, bookies and the markets were wrong over the outcome of an election, in this case the US one where Donald Trump won. The consequences of his vi… Read More
2017-11-13 04:21
The result of the Nov 8 US election threatens some explosive volatility in the forex markets with the outcome to be known the following day (Nov 9 in eastern time). The two candidates have s… Read More
2017-11-13 04:21
The US Federal Reserve’s FOMC meeting on Nov 1-2 is likely to confirm that an interest rate rise is still on the cards for December and may even talk about tightening policy in 2017, w… Read More
2017-11-13 04:21
The big event this week – the almost certain hike in US interest rates by the US Federal Reserve will be a non-event as it has been so well anticipated, but more important still, littl… Read More
2017-11-13 04:21
GBP has made solid gains over the last month on signs that the UK’s divorce from the EU may not be so hard after-all. However, traders should be very wary of trading on that theme as t… Read More
2017-11-13 04:21
Donald Trump as US President should have been good for gold with the prospect of trade wars and an inflationary boom in the US – which could still come to pass. But for now, rising USD… Read More
2017-11-13 04:21
A strong non-farm payrolls number, an optimistic outlook for the US economy, reflected in soaring share prices, and higher US interest rate expectations simply don’t seem to be moving… Read More
2017-11-13 04:21
The world’s leading central bankers want to normalise monetary policy raising questions over whether a great convergence story has begun between the rest of the world and the US or if… Read More
2017-11-13 04:21
The UK’s triggering of article 50 to leave the EU, a possibly slowing economy and the likely hike in US interest rates suggests the next few months are going to be rocky for GBP/USD. T… Read More
2017-11-13 04:21
US President Donald Trump finally bagged a big victory with the House of Representatives voting to replace Obamacare opening the prospect for big tax cuts to turbo-charge the US economy. How… Read More
2017-11-13 04:21
The year 2016 was one for the populists: the UK voted to leave the EU, the US voted for Donald Trump to be President and the Italians voted against constitutional reform to get rid of their… Read More
2017-11-13 04:21
One year on from the UK’s vote to leave the EU, much has changed, but a lot has stayed the same, not least the chronic uncertainty overhanging just about every aspect of the country an… Read More
2017-11-13 04:21
There has been good cause to be cautious about GBP with UK Prime Minister Theresa May potentially adding more reasons to shun sterling as she may have now entrenched years of political uncer… Read More
2017-11-13 04:21
This year AUD/USD has ridden high on the back of the recovery in commodity prices, but there are question marks as to whether the rally has any further momentum. In reality, market dynamics… Read More
2017-11-13 04:21
Despite CAD’s decline against USD this year, speculative longs and the buying of Canadian assets have accelerated signalling that a bottom might be close, however, for that to be the c… Read More
2017-11-13 04:21
On Sunday France holds the second round of elections with pro-EU centrist candidate Emmanuel Macron widely expected to win while GDP growth and inflation are ticking up in the Eurozone makin… Read More
2017-11-13 04:21
The EUR is once again heading towards one of those awful existential moments as populists will have another opportunity to threaten the EU and the Eurozone in upcoming general elections. Wit… Read More
2017-11-13 04:21
It’s a year polling organisations and the establishment would rather forget. The two shock events, which will reverberate for decades to come, is the decision by British voters to leav… Read More
2017-11-13 04:21
Just before becoming President, Donald Trump told The Wall Street Journal that the USD is “too strong” and that “our companies can’t compete”, hardly surprising… Read More
2017-11-13 04:21
Since March, AUD has been on a slide and for a very good reason – prices of iron ore, one of Australia’s key exports – have been losing ground at a steady clip. Should the… Read More
2017-11-13 04:21
UK Prime Minister Theresa May gave GBP a mighty boost when she called a snap election to be held on June 8, but whether this is just a temporary bounce or the start of a more sustained recov… Read More
2017-11-13 04:21
The Bank of Japan (BoJ) holds its final meeting of the year on Tuesday and with market trends finally moving in the direction it wants not much is expected in the way of big announcements, w… Read More
2017-11-13 04:21
Trump’s Presidency has started with a bang mired in drama and discord. That has confirmed that he very literally intends to see through much of his electoral rhetoric, never mind how o… Read More
2017-11-13 04:21
More hawkish signals from most of the world’s leading central banks has somewhat pulled the rug from under gold prices and suggests the yellow metal is set for a long bear market, but… Read More
2017-11-13 04:21
The Bank of Japan (BoJ) is at odds with its global peers over monetary policy making JPY once again very attractive for carry trades and could drive USD/JPY all the way to 120.00 by year end… Read More
2017-11-13 04:21
The European Central Bank (ECB) is readying markets for a very gradual wind-down of its ultra-lax monetary policies, but traders shouldn’t get too optimistic as the ECB faces one of th… Read More
2017-11-13 04:21
The Eurozone is in something of a sweet spot as it is growing and despite Brexit looks reassuringly calm, whilst in the US Donald Trump looks increasingly to be evolving into a lame duck Pre… Read More
2017-11-13 04:21
Following some domestic set-backs, US President Donald Trump has turned his attention to foreign affairs with a gusto helping ratchet up already considerable geopolitical tensions, which cou… Read More
2017-11-13 04:21
Brexit has turned GBP into a political currency, selling-off when senior UK ministers speak about leaving the EU and then it gently floats back up when they’re quiet on the topic &ndas&hell…Read More
2017-11-13 04:21
Last week was truly one for the central banks, the US Federal Reserve raised rates, the Bank of England indicated that it had been close to doing so and the Bank of Japan stood pat sending J… Read More
2017-11-13 04:21
The US Federal Reserve is debating shrinking its USD 4.5tn balance sheet, ie reversing quantitative easing, in what could mark the start of monetary policy normalisation across the major cur… Read More
2017-11-13 04:21
The US releases its all-important March non-farm payrolls (NFP) this Friday and unless the numbers are wildly different to expectations they probably won’t have much impact on USD as t… Read More
2017-11-13 04:21
US President Donald Trump had a truly awful time last week with a key campaign pledge in tatters and the FBI is to investigate links between the Russians and his election campaign – al… Read More
2017-11-13 04:21
US President-elect Donald Trump uses his Twitter account with great effect on one particular currency, MXN, and even the share prices of many large companies when they propose actions he dis… Read More
2017-11-13 04:21
One of the most extraordinary backdrops of the already unique Presidency of Donald Trump is his war with his country’s own intelligence services with alleged ties to Russia being a foc… Read More
2017-11-13 04:21
Traders can be forgiven for believing that GBP is the most toxic currency among all the majors with the UK’s future shrouded in uncertainty as it prepares to exit the EU and may itself… Read More
2017-11-13 04:21
At last there is a glimmer of hope that the quantitative easing programmes being pursued by several leading central banks could be nearing their end, which could mute USD gains even if the U… Read More
We Place Importance On Simplicity Over Jargon, We Don't Want To Baffle People We Want Them To Unders
2017-11-13 04:21
The possibility of a third US interest rate rise coming this December and the intended unwinding of the Federal Reserve's $4.2 trillion quantitative easing programme don't appear to have giv… Read More
2017-11-13 04:21
The EUR’s rally looks like it may be over, but discerning why that might the case is harder to figure out with so many factors, economic and political, at play. If the bears maintain t… Read More
2017-11-13 04:21
The Bank of England is reviving GBP’s fortunes by indicating that UK interest rates could rise before year end as inflation is above target. But this is far from assured and the centra… Read More
2017-11-13 04:21
GBP rose above USD 1.3100 last week for the first time since early August and even clawed back some losses from the robust EUR – but it is hard to see GBP making significant further pr… Read More
2017-11-13 04:21
The sight of a coalition government led by the Labour party in New Zealand, which could lead to reforms of the central bank and to very different economic policies could see NZD shunned on t… Read More
2017-11-13 04:21
Since July gold has once again flourished, this time on geopolitical instability and is up a very respectable 10%, but bitcoin has nearly doubled over the same period – begging the que… Read More
2017-11-13 04:21
US Federal Reserve's chairwoman Janet Yellen did not talk about US interest rates and European Central Bank chief Mario Draghi said nothing about tapering quantitative easing leaving traders… Read More
2017-11-13 04:21
Not unsurprisingly the European Central Bank (ECB) played a big part in reversing EUR/USD’s recent rally – but with US and Eurozone fundamentals largely unchanged there is still… Read More
2017-11-13 04:21
The Swedish economy is on a roll following stellar Q2 GDP numbers and if this becomes a trend, the SEK could rally considerably further against USD and GBP. USD/SEK pulled back from challeng… Read More
2017-11-13 04:21
The EUR is on the rampage and looking increasingly unstoppable thanks to a combination of the Eurozone’s improved political and economic situation contrasting with political uncertaint… Read More
2017-11-13 04:21
Japan’s cosy political consensus around the Bank of Japan’s massive five-year old quantitative easing programme could come in for a challenge from Oct 22 when the country holds i… Read More
2017-11-13 04:21
Since early September the EUR’s rally looks like it had stalled and could now be on the verge of turning into a bear market now there are growing fears that Catalonia’s bid for i… Read More
2017-11-13 04:21
The weakening of German chancellor Angela Merkel is a potential blow to European integration and could be a set-back to the long-term survival of the EUR, particularly if serious structural… Read More
2017-11-13 04:21
As the major central banks exit unconventional monetary policies — more conventional measures such as expectations around interest rate differentials are likely to re-establish themsel… Read More
2006-06-07 11:16
Gold reached a 5-year low on Monday and likely faces more down side in the coming months as a growing number of speculators and investors are losing faith in the yellow metal. Monday's fall… Read More
2006-06-07 11:16
David Cooney, CEO at MahiFX, explained to FX-MM how tough it is to build an electronic FX business from scratch, and why it makes sense to look for a short cut in a 60 second interveiw featu… Read More
2006-06-07 11:16
Show us what you've got and enter our competition We want to get to know our MahiFX traders a little better. What does your trading station say about your trading style? We want to see if yo… Read More
2006-06-07 11:16
Recent announcements from the US Federal Reserve implying a possible end to very lose monetary policy has created upside resistance for the gold price. However, growing desperation among pol… Read More
2006-06-07 11:16
The Bank of Japan disappointed JPY bears with its assessment that it is on track in achieving its 2% inflation target. However more stimulus is very likely probably from late Summer suggesti… Read More
2006-06-07 11:16
Pyramid trading is a method whereby traders increase their position size to gain leverage when the market moves favourably after the initial trade entry. Pyramid trading requires a sound und… Read More
2006-06-07 11:16
By Eva Szalay, Editor of FX Week MahiFX's institutional market-making arm wins praise for innovation In February last year, MahiFX launched MFXCompass, a full-service, packaged solution… Read More
2006-06-07 11:16
2006-06-07 11:16
The intense volatility in emerging market currencies cost many carry traders dearly as the US Federal Reserve winds down its quantitative easing programme. However, that same shift in the mo… Read More
2006-06-07 11:16
With the global financial crisis still far from resolved, central banks are likely to remain in the driving seat in terms of foreign exchange rates as policy makers in the developed world gr… Read More
2006-06-07 11:16
There's an inconvenient truth, which is that many western countries are so heavily indebted that they cannot afford rising interest rates, yet that is exactly what is starting to happen in t… Read More
2006-06-07 11:16
The warning over too strong a currency hurting UK export performance by Bank of England deputy governor Charlie Bean was a reminder of how sensitive central bankers are over exchange rates … Read More
2006-06-07 11:16
People love to hear about the greatest successes and failures in about any industry. After all, those circumstances make for the best stories. The following is a collection of some of the gr… Read More
2006-06-07 11:16
There were many predictions made for 2012 ranging from the catastrophic such as the Euro break-up to the truly apocalyptic like the end of the Mayan calendar on December 21, which was also s… Read More
2006-06-07 11:16
Fever pitched political disputes and wars make for highly unpredictable environments and the flare- up in the Crimea certainly fits the bill. It has fuelled risk in the currency markets maki… Read More
2006-06-07 11:16
The USD is at its highest levels against NOK since March 2002 – a not unsurprising development given the divergence in fortunes in the US and Norwegian economies since mid-2014. Howeve… Read More
2006-06-07 11:16
The spectre of deflation is making the rounds again and could become a major driver of forex activity and even spark a repeat of currency wars should policy makers decide to fight back with… Read More
2006-06-07 11:16
Don't Give Up There will be times when you make an error of judgement or the market does something unexpected and you make a losing trade. Even the best traders unfortunately have bad days… Read More
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