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Dollar Tumbled Broadly, Stocks Hit Record, as Data Affirmed Fed’s Patient Approach
Dollar dropped broadly last week and ended sharply lower, as the huge non-farm payroll miss gave a strong node to Fed's patient approach. Progress...
Weekly Economic & Financial Commentary: Growing Pains: Extended Lead Times, Supply Chain Constraints, Difficulty Finding Labor
Summary
United States: Growing Pains: Extended Lead Times, Supply Chain Constraints, Difficulty Finding Labor
The unmistakable message delivered in this week's data is that the...
The Weekly Bottom Line: How Far is the U.S. Labor Market from Home?
U.S. Highlights
Job growth slowed in April, with just 266k jobs created in the month. With a growing labor force, the unemployment rate edged...
Week Ahead: Coronavirus and Inflation Will Take Center Stage as Jobs Numbers are Pondered
Traders will be watching CPI and PPI from both China and the US
Unless there is a prominent central bank interest rate decision, the second...
USD/CAD: Dueling Jobs Report Disappointments, Bears May Target 1.21 Next
Traders are still weighing which of the two abysmal jobs reports was worse, but the technical picture is far clearer...
Two jobs report duds
It was...
Forward Guidance: Capacity Pressures Weigh on Manufacturers; Vaccinations Accelerating
Statistics Canada already provided a preliminary estimate that manufacturing sales bounced back a sizeable 3.5% in March (after a 1.6% February pullback) as curtailments...
Week Ahead – Dollar Declines after Massive Payrolls Miss; Focus Shifts to Inflation
Wall Street went on a wild ride after a huge nonfarm payroll report miss reaffirms the Fed’s stance to do nothing. A massive slowdown...
Week Ahead – US and UK Data to Lead Quiet Week as Dollar Can’t Make Up its Mind
After plenty of excitement from central banks and top-tier economic releases in the past couple of weeks, things will take a backseat over the...
Markets Stunned on Massive NFP Miss, Yields Plunge then Rebound, Stocks Pop, Gold Surges
Investors were supposed to quickly look quickly beyond this nonfarm payroll report. The playbook for the next couple of months was to look for...
Weekly Focus – Focus on US Inflation Figures
The Covid-19 situation has continued to improve in the EU and the United States as weather is warming and most risk groups have now...
Baseline Forecasts in RBA SOMP Do Not Support Policy Tightening in July
The RBA has lifted its forecasts for growth; labour market; and inflation/wages. However these forecasts are based on faster than expected recovery but not...
Trading Sessions
While it is true that the forex market is open 24hrs a day five days a week, it doesn't mean that it's always active. Breaking down this 24hr auction house into manageable trading sessions is important. Knowing when liquidity is likely to come into the market and when it is expected to diminish, helps one determine the best time to trade.
The Trader’s Guide to Trading the New Zealand Dollar
The country, economy and the currency.
New Zealand could be considered to be the smaller and often overlooked cousin of Australia. But in truth, the...
Fundamental Analysis in Forex Trading
In terms of Forex trading, Fundamental analysis aims at analyzing group of countries’ economic data and performance in order to compare them. The use...
The Relationship Between Crude Oil And CAD
Historically speaking, crude oil and the Canadian dollar have had a very strong relationship, most of the time, the two assets having a high...
How to Improve Your Trading Results with Daily & Weekly Routine
As humans, we tend to perform our best when we have a well laid out routine. Chaos is something that most of us by human nature tend to avoid at best. With trading, having a routine brings with it a certain level of discipline which helps you to improve your performance as a trader. Having a trading routine helps you follow a trading process and at the same time will help you to avoid taking impulsive trading decisions, be it entering or exiting a trade prematurely. Professional traders, whether they trade currencies or bonds, or stocks follow a routine.
Best Practices that Maintain and Restore Mental Energy for Trading
To achieve a focused and lively trading session, learn good habits that help give you a boost of mental energy. Mental energy revolves around...
The 3 Core Principles to Improve Your Trading
Simplicity is best in just about anything, but as humans making things complex is what we do best. Forex trading is no different either....
What Does Fearful Money Mean to Traders?
Fearful money, or as we like to refer to it as ‘hot money’, is capital that a trader has a strong emotional attachment to....
What is Scalping in Forex Trading?
When people are talking about small-time online Forex trading, they almost always talk about scalping. After all, it is one of the most profitable...
Tricks of the Trade – The Head and Shoulders Pattern, Part 2
In the previous article, Tricks of the trade - The Head and Shoulders pattern, Part 1, we look at how a few simple tweaks can increase the hit rate when trading the head and shoulders pattern. In this second part, we look at some advanced techniques which can alert you in pre-positioning your trades long before the rest of the crowd.
Does a Perfect Strategy Exist?
Visualise yourself perfecting your trading method: spending countless hours working on a perfect system that has a 90% win rate and small losses. You study, study, study, and study again. At a certain point, the back-tested results give you the confidence to take it live.
The Ceaseless Quest for a Perfect Strategy
Although having a well-defined trading strategy is vital to get ahead, some traders (particularly those new to the business) mistakenly believe that this is...