Author: FX

Trading psychology books and blogs often talk about the need to “remove” emotions from decisions to get more consistent trading results. But can you really remove emotions from decision making? University of Bergen’s Hans-Rüdiger Pfister and Gisela Böhm argue that emotions are NOT external forces that disrupt an otherwise non-emotional process of making a decision. In fact, they believe that decision making without emotional involvement is not optimal and maybe even impossible because emotions aid in four key functions in decision making: 1. Creating preferences Any decision requires information and a trader’s emotional state about a decision’s possible consequences can help form preferences. For example, a trader who is…

Headlines:Markets:USD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields up 5.1 bps to 4.429%Gold down 0.1% to $2,628.43WTI crude up 0.5% to $69.76Bitcoin up 1.4% to $93,583The dollar is starting to perk up again in trading today, following a bit of a breather in the past two days.There wasn’t much to trigger the dollar gains as traders just fell back to the post-election mood in the European morning session. USD/JPY was an early mover, gaining to around 155.20 in the handover from Asia before extending gains to around 155.80 currently.That comes as bond…

Pound Sterling gains as hot UK inflation raise doubts over BoE dovish prospects The Pound Sterling (GBP) gains sharply against the majority of its peers on Wednesday as data from the United Kingdom (UK) Office for National Statistics (ONS) showed inflation accelerated more than expected in October. The Consumer Price Index (CPI) report showed that the annual headline inflation quickened to 2.3% YoY, higher than estimates of 2.2% and the September reading of 1.7%. Compared with the previous month, headline inflation rose sharply by 0.6%, higher than expectations of 0.5% and after remaining flat in September. The core CPI – which excludes volatile…

jetcityimage/iStock Editorial via Getty Images Tesla (NASDAQ:TSLA) chair Robyn Denholm has exercised 112,390 stock options that were set to expire next year, cashing in more than $35M from the EV stock that has rallied after the U.S. election. Denholm sold the shares on Nov. 15 as Source link

Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straight forward approach utilizes 2 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 Flip 55 strategy has identified a trading opportunity on the GBP/JPY pair within the H4 timeframe. I’ve shared a trade setup image for…

It is said that the two discussed the matter on the sidelines of the G20 summit, with Xi stating that China is ready to “consolidate” a strategic partnership with Germany. That before raising the matter of the tariffs imposed by the EU on Chinese-made EVs.Xinhua also reports that China is looking to “resolve the differences through dialogue and consultation”. Adding that “it is hoped Germany will continue to play an important role in this regard”.With Trump tariffs now a threat for both the EU and China, the ongoing dispute here is something that both sides would probably like to resolve…

ASX: SUN Elliott Wave technical analysis Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with SCENTRE GROUP – SCG. We see ASX:SUN continuing to push higher with wave (iii)-orange of wave ((v))-navy. ASX: SUN one-day chart (semilog scale) analysis Function: Major trend (Minuette degree, purple). Mode: Motive. Structure: Impulse. Position: Wave (iii)-orange of Wave ((v))-navy. Details: Wave ((v))-navy is extended, and is subdividing into wave (i)-orange to wave (iii)-orange. Wave (iii)-orange continues to rise higher, aiming at the target around 21.00 – 23.00. Invalidation point: 18.65. SUN four-hour chart analysis Function: Major trend (Minute degree, navy). Mode: Motive.…

It looks like USD/CHF is in correction mode on its uptrend, but will these support zones still be able to keep losses in check? Here’s what I’m seeing on the 4-hour chart. USD/CHF 4-hour Forex Chart by TradingView This dollar pair has been forming higher lows connected by an ascending trend line that’s been holding since October, and it looks like another test of support is underway. As you can see from the chart above, USD/CHF retreated from the .8900 major psychological resistance area and is currently pulling back to the 38.2% Fibonacci retracement level. Are buyers about to jump…

The world of forex trading can feel like navigating a stormy sea. Trends shift, momentum ebbs and flows, and pinpointing the perfect entry and exit points can be a daunting task. But fear not, fellow traders, for there’s a powerful tool lurking in the arsenal of technical indicators: the Brooky KST Advanced Analysis Version 3 Chart MT4 Indicator. This isn’t your average, run-of-the-mill indicator. The Brooky KST boasts a unique blend of technical analysis tools, offering a comprehensive view of market conditions. Intrigued? Let’s dive deep and unveil the secrets this indicator holds! Demystifying the Brooky KST The Brooky KST…

Westpac Leading Index, in brief:Leading Index has moved into positive territory, from –0.20% in September to +0.26% in October.This provides a tentative signal that growth momentum is set to improve from its current nadir.Improvements mostly centred on components related to consumer sentiment and commodity prices. This article was written by Eamonn Sheridan at www.forexlive.com. Source link