Author: FX
Whether it’s the result of unexpected market events or just a poor trade idea, losing money really sucks. What’s worse is that when it happens over and over again, it eventually affects your confidence and trading approach. Just to make up for your losses, some of you probably resort to revenge trading by throwing your trading plan out the window and jumping in at every possible trade opportunity. Or maybe you become so scared of incurring more losses that you even begin to avoid trading some of your best trading setups. Instead of reacting negatively to losses, a better mindset would probably…
In the ever-evolving world of proprietary trading, Noctorial has positioned itself as a leader in Spain and is rapidly gaining attention across Europe and Latin America. Founded in 2022, Noctorial has become a beacon for traders looking to thrive without risking their own capital, thanks to its 2 Phase Funding Program, commitment to transparency and integrity and withdrawal guarantee to traders in all cases.A leader in proprietary tradingNoctorial has quickly surpassed 25,000 unique users and has over €30.7 million in funded capital, cementing its status as a leader in the proprietary trading sector in Spain. What sets Noctorial apart is…
USD/KRW saw a sharp run up towards 1444 after President Yoon surprisingly declared martial law. USD/KRW was last at 1413.65 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Pair may retrace in the interim “The pair subsequently fell after martial law was rescinded (all in the same night). Domestic political uncertainty is the main issue as opposition leaders are now calling for President Yoon to resign or face impeachment. Political uncertainty at home may temporarily weigh on KRW and should fade once we get more clarity.” “That said, Korea economy is facing a double whammy of sluggish domestic…
Strategy: 3/12 Tunnel The 3/12 Tunnel is a trend-following strategy. This straight forward approach utilizes 3 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the 3/12 Tunnel strategy has identified a trading opportunity on the GBP/CHF pair within the H4 timeframe. I’ve shared a trade setup image for…
Synovus declares $0.38 dividend Source link
By Max Hunder KYIV (Reuters) – As Ukraine’s military struggles to find enough troops, particularly infantry, to hold off Russia’s much larger army, some units are giving a second chance to those who have absconded from service. Data from the prosecutor’s office shows nearly 95,000 criminal cases have been opened since 2022 against soldiers going “absent without leave” (AWOL) and for the more serious crime of battlefield desertion. The number of cases has risen steeply with each year of the war: almost two-thirds of the total are from 2024. With many tens of thousands of troops killed or wounded, it…
Yesterday’s headlines briefly took bitcoin (BTC/USD) under the $94,000 mark, but the OG crypto has since recovered and remains supported inside a potential continuation chart pattern. Let’s take a closer look at the 4-hour time frame: Bitcoin (BTC/USD) 4-hour Chart by TradingView In case you missed it, South Korea was briefly placed under Martial Law, which rattled “risk” assets including the crypto markets. It also didn’t help BTC/USD that a positive U.S. JOLTS jobs report lifted the U.S. dollar during the U.S. session. Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you…
While the USD is within 0.12% of unchanged vs the EUR (+0.11)JPY (+0.03)GBP (+0.09%)CHF (+0.07%)CAD (+0.07%)The greenback is running higher vs the AUD and NZD:The previous video went through the key technical target which the AUD and the NZD were testing at the time (see video here)Since then, the AUDUSD has raced below the floor between 0.6433 and 0.64419.The pair is trading at 0.6415 with traders now eyeing the lows from 2024 at 0.6347 and 0.6663 over time IF the price can remain below 0.64419 now.For the NZDUSD, it fell below the low of a swing area at 0.5859 and…
Financial markets showed mixed reactions to labor market data and central bank commentary while also positioning ahead of key economic events. Were risk assets able to maintain their upward momentum despite geopolitical concerns? Let’s check out the latest updates! Headlines: New Zealand overseas trade index rose from 2.1% to 2.4% q/q in Q3 (1.7% forecast) UK BRC retail sales monitor declined 3.4% y/y in Nov (0.7% forecast, 0.3% previous) Swiss CPI in Nov: -0.1% m/m as expected (-0.1% previous) Spanish unemployment change in Nov: -16K (+29.3K expected, +26.8K previous) New Zealand GDT auction showed 1.2% increase in dairy prices after…
The Australian economy grew by 0.3% in the September quarter 2024 and 0.8% year-over-year, showing continued growth but at a slower pace than the expected 0.5% expansion, according to data released by the Australian Bureau of Statistics (ABS). Key points from the Q3 GDP report: GDP per capita fell 0.3%, marking the seventh consecutive quarterly decline Public investment rose 6.3%, reaching record levels Household spending was flat (0.0%) following a 0.3% decline in Q2 The household saving ratio increased to 3.2% Terms of trade fell 2.5%, declining for the third straight quarter Link to Australia’s Q3 2024 GDP Report Details…