Author: FX
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Have you ever had one of those days? Your charting software didn’t work just right, your internet connection was doggedly slow, and you forgot to read up on this week’s latest economic report releases, so you missed all the good opportunities. All of these events are just a select few sources of stress that the average active retail trader has to deal with. Not dealing with these episodes correctly, and letting them build upon each other, can overwhelm you. When you’re thinking with a stressed mind and body, your mind isn’t focused, and this can mean danger for your trading. This…
EUR/USD holds firm trend through the upper 1.05s. Economists at Scotiabank believe that the pair could reach 1.0650/1.0750 in the coming weeks. Uptrend is intact and not at any obvious risk at the moment “EUR/USD looks somewhat consolidative but the broader uptrend is intact and not at any obvious risk at the moment.” “Gains through 1.06 sustain the developing bull trend in the short run and will help lift the EUR towards the 1.0650/1.0750 range we think is reachable in the next few weeks.” “Support is 1.0525 intraday and (firmer) 1.0450/75.” Source link
Trading is a game of large numbers. In fact, this game of large numbers is called probabilities. It is a given that traders would have some wins and some losses. However, a winning trader would always come out on top because probabilities would dictate that as long as he or she has enough number of trades, he would be profitable. So, how do we skew the game of probabilities in our favor? Different traders have different ways to become consistently profitable. However, one of the best ways to increase our chances is by looking for confluences. Confluences are basically a…
Pgiam/iStock via Getty Images Stock index futures are up slightly Monday but trading is expected to be cautious before the CPI on Tuesday and the Fed decision on Wednesday. Nasdaq 100 futures (NDX:IND) +0.3%, S&P futures (SPX) +0.2% and Dow futures (INDU) +0.2% ticked higher. The 10-year Treasury yield (US10Y) fell 4 basis points to 3.53% and the 2-year yield (US2Y) fell 5 basis points to 4.33%. “The Fed, the ECB and the BoE are all expected to downshift the pace of rate hikes to 50bps this week from 75bps at their last meetings. US CPI first though,” Deutsche Bank’s…
© Reuters. Wirecard’s former CEO Markus Braun arrives in the courtroom as his trial continues, after the German payments company collapsed in the wake of a fraud scandal in 2020, in Munich, Germany, December 12, 2022. REUTERS/Lukas Barth By Jörn Poltz MUNICH (Reuters) – The former Wirecard CEO Markus Braun began his defence in Germany’s biggest post-war fraud trial on Monday, as his lawyer dismissed allegations of wrongdoing at the defunct payments company as “absurd” and prejudiced. Braun, 53, and two other managers are on trial on charges including market manipulation and fraud and could be sentenced for up to…
Economic data from the U.K. came in all green today, so I’m looking at this opportunity to catch Guppy’s uptrend! Do you think this ascending channel will hold? Before moving on, ICYMI, I’ve listed the potential economic catalysts that you need to watch out for this week. Check them out before you place your first trades today! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: U.K. Dec Rightmove HPI printed 2.1% m/m slump in house prices China removes official COVID tracking app Japanese Nov preliminary machine tool orders fell…
Global, multi-asset broker, Fxview, believes that a client-first approach is indispensable for brokers to attract and retain clients, and future-proof brokerages.Global, multi-asset broker, Fxview, a Finvasia Group company, believes that prioritising clients is of utmost importance for brokerages today. In the fiercely competitive landscape of financial services provision, solving client problems with user-friendly yet advanced technology solutions can give brokers an edge in the market. Today’s customer expects cutting-edge tools to navigate the financial markets. Understanding customer expectations and fulfilling them is the best way to ensure customer satisfaction and loyalty.”Value creation for our clients has always been the top…
GBPUSD (D1) GBPUSD fell to near 1.2200 after failing to break above resistance at the 1.2300 level, and currently sits at 1.2270, as market sentiment took a more conservative direction ahead of the monetary policy meeting. The US Federal Reserve (Fed) may be less inclined to optimism following the release of October’s inflation report as well as the PPI data coming in line with forecasts. This result benefits the Dollar, which however failed to hold above the key resistance level of 105.00, the Futures price being at the level of 104.77. The S&P500 took a beating on Friday and is…
Other major central banks are printing their December policy decisions, but none will get as much attention as the Federal Open Market Committee (FOMC) event this week. Feel like trading the Fed’s policy decision on Wednesday at 7:00 pm GMT? Here are five points you need to know first: Pricing in could start as early as the CPI release Some traders have probably priced in their FOMC projections as early as the NFP and PPI report releases but expect more volatility after the U.S. consumer price index (CPI) is printed on Tuesday. Markets see inflation slowing down from 7.7% to…