Author: FX
Momentum breakout strategies are good starting points for new traders. This is because strong momentum often causes price action to continue further in its direction as it carries volume along with it. This provides traders an excellent short-term opportunity which may provide huge profits even in just a few period bars. The challenge is in how we could spot such momentum-based trading opportunity. The strategy shown below is an example of a momentum-based strategy which uses technical indicators to confirm momentum. Smoothed Repulse 2 Indicator The Smoothed Repulse Indicator is a momentum-based trend following technical indicator which was developed to…
Share: Further gains could lift GBP/USD to the 1.2400 region in the next few weeks, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: “While we expected GBP to strengthen yesterday, we held the view that ‘a sustained rise above 1.2220 appears unlikely’. We did not anticipate the strong advance as GBP soared to 1.2286 before closing a firm note at 1.2277 (+0.79%). Strong upward momentum suggests further GBP strength towards 1.2330. The major resistance at 1.2400 is likely out of reach today. The upside risk is intact as long…
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Source link
Gold, XAU/USD, US Dollar, Credit Suisse, UBS, AT1, Fed, VIX, GVZ – Talking PointsThe gold price is making new highs while banking instability lingersMarkets could be pivoting toward better quality assets among the turbulenceIf the Fed backs away from its hawkishness, will XAU/USD be boosted? Recommended by Daniel McCarthy How to Trade Gold Gold made a one-year high just shy of US$ 2,010 an ounce overnight as markets continue to digest the impacts of the Credit Suisse – UBS deal and broader concerns for banks with weak balance sheets.The Wall Street cash session saw large-cap banks make notable gains while…
2/2 © Reuters. FILE PHOTO: People attend a demonstration to protest the use by French government of the article 49.3, a special clause in the French Constitution, to push the pensions reform bill through the National Assembly without a vote by lawmakers, in Nantes, Fran 2/2 By Elizabeth Pineau and Layli Foroudi PARIS (Reuters) – Protesters set piles of rubbish on fire in central Paris on Monday after President Emmanuel Macron’s government narrowly survived a no-confidence motion in parliament on Monday over a deeply unpopular pension reform. The failure of the no-confidence vote will be a relief to Macron. Had…
All of the data releases listed in our calendar, below, are for New Zealand. The RBA minutes are, of course, from Australia. The minutes are from the March 7 meeting, when the Bank delivered what was characterised as a ‘dovish hike’ of 25bp/ Dovish because Reserve Bank of Australia Governor Lowe’s statement accompanying the decision diluted guidance on future hikes. While the February and March hikes from the RBA were no brainers the next meeting, April 4, is very much ‘live, with divergent previews already:Since the March meeting we’ve had global banking system turmoil. Six major DM central banks have…
Share: “We are very confident that capital and liquidity positions of the Euro area banks are well in excess of requirements,” European Central Bank (ECB) President Christine Lagarde told European Parliament’s Committee on Economic and Monetary Affairs on Monday. “Financial tensions might dampen demand, do some of the work that would otherwise be done by monetary policy,” Lagarde further explain and said that without tensions, they would have indicated that further hikes would be needed. Market reaction EUR/USD continues to trade in positive territory above 1.0700 after these comments. Source link
WTI, BRENT PRICE, CHARTS AND ANALYSIS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: UBS Rescues Credit Suisse, Fed Increases Dollar Liquidity, Gold Hits a One-Year HighWTI FUNDAMENTAL OUTLOOKCrude Oil faced renewed selling pressure this morning as recession risks have once again reared their ugly head. WTI printed a low of $64.40 in the European session before a bounce for risk assets dragged oil higher, trading around the $67.00 handle at the time of writing.Last week saw Crude Oil prices drop 13.55%, its largest…
Soluna Holdings to appoint John Belizaire as CEO Source link
Having a bias is as natural as breathing and eating. Personal judgments – reasonable or not – are entrenched in our everyday activities. You use your biases, for example, to pick a restaurant, a potential date, or the school you want to place your child in. In trading, you use your biases to find trade opportunities. You might have read a headline or heard a rumor and decide to look for evidence to support your hypothesis. Add to that a favorable technical setup and presto! A trade idea! Being confident in your biases is also important in risk management. After…