This is the simple trading strategy and concept that made me consistently profitable. Lets also keep in mind without proper risk management and well developed trading psychology you will still fail no matter what strategy or method you use to trade. Whether it be Forex, stocks, or crypto this is the best way to trade
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UOB Group’s FX Strategists noted NZD/USD’s upside is predicted to meet a solid resistance above the 0.7200 mark. Key Quotes 24-hour view: “After the strong surge in NZD last Friday (03 Sep), we highlighted yesterday (06 Sep) that ‘the sharp and rapid rise appears to be overdone and NZD is unlikely to strengthen further’. We
Dollar slightly ahead but ranges are still relatively narrow The greenback is recouping some losses from Friday to start the new week but so far the moves in the major currencies space are still rather unexceptional. The antipodeans are the notable laggards for now but AUD/USD is keeping within a 30 pips range and is
China August trade data, yuan terms: China trade balance: +376.3bn yuan vs. expected CNY 495.5bn, prior was CNY 362.7bn Exports +15.7% y/y: expected 22.5%, prior was 8.1% Imports +23.1% y/y: expected 9.1%, prior was 16.1% USD terms China trade balance $58.3bn vs. expected $51.0bn, prior was $56.6bn Exports +25.6% y/y: expected 17.1%, prior 19.3% Imports
TOKYO: Oil prices were wobbly on Monday as investors grappled with demand concerns after Saudi Arabia’s sharp cuts to crude contract prices for Asia. Brent crude futures for November rose 4 cents, or 0.1%, to $72.26 a barrel by 0056 GMT, after falling 39 cents on Monday. US West Texas Intermediate crude for October was
The pace of asset purchases in the Pandemic Emergency Purchase Program (PEPP) in 4Q21 is the focus of this week’s ECB meeting. Following hawkish comments from some council members, especially chief economist Philiip Lane, hopes that an announcement related to reduction in purchases would be made at the upcoming meeting have increased. The policy rates
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin withdrawing some of its easy-money policies before the end of the year, though he still sees interest rate hikes off in the distance. In a much-anticipated speech as part of the Fed’s annual Jackson Hole symposium, Powell said the economy
NYSE:BABA futures edged higher in quiet start to the week Investors seem to be suspicious of the Common Prosperity donations from big tech firms. Ride-hailing firm Didi Global gains on news that Beijing may take over operations. Update: NYSE:BABA heads into the Asian opening trading at $170.75 per share, marginally up on futures, as Wall
Social media platforms are constantly under fire for their lack of total end-to-end encryption, existing privacy policies and censorship – but a blockchain-based solution might spell the end to an era of centralized social media dominance. In many ways, social media is a vital component of daily life for both businesses and the average consumer.
Oil still down by a little over 1% on the day so far Eamonn had the story earlier today here. The news is supposedly weighing on oil prices to start the week but I would also argue that is does have some technical undercurrent to it. The climb towards the end of last week stalled
Canadian and US markets closed today It’s a quiet one today in New York and Toronto but USD/CAD has had some life as it tracks a thinned oil market. WTI fell as low as $68.25 but it’s grinded back to $69.41 and unchanged on the session. With that, USD/CAD rose up to 1.2559 but has
New Delhi: Gold in the national capital on Monday declined Rs 71 to Rs 46,503 per 10 gram in line with weak global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,574 per 10 grams. In contrast, silver gained Rs 263 to Rs 64,168 per
Trading in the currency market is rather subdued today and markets will stay quiet with US and Canada on holiday. Dollar is paring some of last week’s large losses but upside momentum is weak. On the other hand, Australia Dollar is turning slightly weaker as tomorrow’s RBA policy decision is awaited. The reaction in Aussie
American Peterbilt truck on trucking route Interstate 10 in Louisiana. Tim Graham | Getty Images Federal Reserve Chairman Jerome Powell‘s conviction that the inflation winds whipping through the U.S. economy this year soon will subside is not universally shared. In fact, a growing contingent within the Fed’s virtual halls is raising concern that the supply
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What’s UP GUYS! I decided to record some new course content this morning and went ahead and made a video to drop here on the YouTube channel as well. Leave a like and subscribe if you learned something new. Comment any questions you have 🔥 This was a breakdown of the Wyckoff Theory and how
AUD/USD met its initial target at the 0.7427 4th August high on Friday. Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, expects the aussie to drop towards the 0.7305 area in the near-term. AUD/USD to head higher towards 0.7699 on a close above 0.7481 “We would allow for some near-term consolidation below the 0.7481 three-month
200 day MA at 1.25326 The USDCAD yesterday moved up to test its falling 200 hour moving average (green line). Sellers leaned against that level and in doing so kept the sellers in control. The price ultimately fell below the recent swing lows down to 1.2568. Today, the pair took a another step with a fall below its 200 day