Author: FX
The major US indices are ending the session with mixed results. The Dow industrial average is marginally lower. The S&P is near unchanged. The NASDAQ index is marginally higher.A snapshot of the closing levels shows:Dow industrial average fell -86.06 points or -0.20% at 43828.06. The NASDAQ closed lower for the 7th consecutive day (down 2.82%). For the trading week, the index fell -1.82%S&P index fell -0.16 points or -0.0% at 6051.09. For the trading week the index fell -0.64%.NASDAQ index rose 23.88 points or 0.12% at 19926.72. For the trading week the index squeaked out a small 0.34% gain. For…
Our short position in EUR/GBP was taken out after a weaker-than-expected UK GDP update. Let’s take a look at the outcome and compare it with other theoretical adjustment options to see what we can learn. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
The ATR Volatility and Wilders DMI Averages Forex Trading Strategy offers traders a dynamic approach to navigating the volatile forex market. At its core, this strategy leverages two powerful technical indicators: the Average True Range (ATR) and Wilder’s Detrended Oscillator (DMI). Together, these tools help traders understand market volatility and trend strength, making it easier to identify potential entry and exit points. By using ATR to measure price volatility and DMI to analyze market direction, this strategy allows for more informed decision-making in the fast-moving forex environment. One of the key advantages of this strategy is its ability to adapt to changing…
The Advanced Trendlines and Center Of Gravity V3 Forex Trading Strategy is a powerful approach designed to help traders identify precise market movements and capitalize on price reversals. At its core, this strategy combines the effectiveness of advanced trendline analysis with the predictive insights of the Center Of Gravity V3 indicator. Trendlines are essential tools for detecting market direction and uncovering support and resistance levels, while the Center Of Gravity V3 provides a visual representation of price equilibrium, helping traders anticipate potential turning points with greater accuracy. What makes this strategy particularly effective is its ability to adapt to changing…
U.S. federal budget shortfall widens further in November Source link
Investing.com — Tesla Inc (NASDAQ:), hit a record high Wednesday as the EV maker continues its post-election surge on bets that CEO Elon Musk’s close relationship with president-elect Donald Trump will benefit Tesla. Tesla jumped more than 3% to $415.57, following a 64% jump since Donald Trump’s election victory last month that has seen the company’s market cap jump by more than $500B to $1.3T. Musk, who threw his weight behind Trump’s during the election campaign, has “significant influence” in the Trump White House, Wedbush said in a note earlier this month. The “golden path for Tesla around Cybercabs and autonomous is…
TOP PANEL: SPX & Volatility Stops BOTTOM PANEL: % of SPX stocks > 20 MA , NYSE A/D line Section 1: The market has bad brea(d)th When it comes to the market’s foundation, things aren’t looking as strong as they seem. The middle panel of the chart highlights the cumulative NYSE A/D line, which tracks the net number of advancing vs. declining stocks on the NYSE. Right now, it’s flashing a warning: despite the index hitting new highs, the A/D line isn’t confirming this move (highlighted in red). In the third panel, the percentage of SPX stocks trading above their 20-day EMA…
The USDJPY continues to keep both buyers and sellers engaged in a tug-of-war. Following the CPI data release, the price dropped from just above the 200-bar moving average (MA) on the 4-hour chart at 153.79 to briefly break below the converged 100-bar MA on the 4-hour chart and the 200-day MA. However, neither of these technical levels could generate significant momentum during the small breaks.Currently, the price has settled near the midpoint of these levels at 152.43. This back-and-forth action keeps both sides in play, though the overall tilt remains to the upside. Sellers had an opportunity to drive the…
The US Dollar falls back to flat after inflation gauge for November falls in line of expectations. Traders are boosting bets for a rate cut next week from the Fed The US Dollar Index (DXY) is trading near106.50 and falls back from 106.77 earlier. The US Dollar (USD) is falling back to flat on Wednesday after the US Consumer Price Index (CPI) came broadly in line of expectations. No real outliers with the Monthly Headline Inflation coming in at 0.3% while the monthly Core Inflation measure ticked up by 0.3% as well. Immediately after the numbers, the Greenback eased and…
Much has been said about the importance of mastering your trading psychology. And though there are many different ways to accomplish this goal, perhaps the most practical and effective way of doing so is by keeping a psychological trade journal. Used properly, a psychological trade journal can help you track your behavioral tendencies and their usual outcomes. This is important because being aware of these patterns can help you pinpoint your sources of distress. As they say, “Knowing is half the battle.” Once you have knowledge of what causes distress, you can make the proper adjustments to keep negative situations…