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A Wild Week of Metals, Yields, Stocks and Dollar
Just after DOW hit new record high in the middle of last week, the rally was choked by skyrocketing treasury yields. Dollar surprisingly ended...
Forex and Cryptocurrencies Forecast
First, a review of last week's events:
EUR/USD. As we expected, the speech by the head of the Fed turned out to be quite interesting....
Weekly Economic & Financial Commentary: The U.S. Economy Continues to Start 2021 on a High Note
U.S. Review
The U.S. Economy Continues to Start 2021 on a High Note
In January, personal spending increased at a robust 2.4% pace, while personal...
The Weekly Bottom Line: BoC Govenor Strikes Cautious Tone
U.S. Highlights
Federal Reserve Chairman Powell reassured markets that there will be no early tightening of monetary policy or drawdown of asset purchases even...
Week Ahead: When Doves Cry
Fed Chairman Powell provided testimony to Congress last week regarding Monetary Policy. He noted that the Fed was in no hurry to take its...
Gold is Having a Rough Day; Can it be Stopped?
With the US Dollar screaming higher today, it’s no surprise that Gold is moving aggressively lower. In theory, the US Dollar and precious metals...
Week Ahead – Rising Yields Spook Markets
Powell fails to ease concerns
Everyone is watching the bond markets at the moment, as yields accelerate higher and investors become increasingly anxious. That is...
Week Ahead – NFP to Guide Yields, RBA Could be a Yawn, Pound Turns to UK Budget for Boost
As a new month starts, investors will have their eyes locked on the latest nonfarm payrolls numbers out of the United States amid an...
Forward Guidance: Canada GDP to Confirm Economy Weathered Second Wave
We expect GDP rose 7.5% at an annualized rate in Q4 of last year, on the back of a 0.3% increase in December output...
Weekly Focus – Spill Over from Continuing Yield Increase
Yields continued up this week; US 10yr government bond yields reached a one-year high. Oil prices increased above USD67/barrel and industrial metals, particularly copper,...
RBA Board to Hold the Line Next Week
The Reserve Bank Board meets next week on March 2.
While we have seen extraordinary developments in bond markets over the last week, I do...
Trading the Dollar With USDX
The US dollar index (USDX) is an important analytical tool for traders in just about any market. The USDX is actually a futures contract...
What’s Better, Forex or Stock Trading?
Many people often ask the question as to whether forex trading is better than stock trading or vice versa. The question is like comparing...
A Look at the US Employment Situation Report
Why do I need to know this? I’m a technical trader!
Have you ever had one of those trading setups that boasted a staggering amount...
What Currency Pair is the Most Difficult to Trade?
If you were to look into any Forex trading guide, you’d get a recommendation to trade on major currency pairs only — at least...
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.
Don’t Let Your Doubts Prevent You from Trading Successfully
Many traders come in the Forex market to get easy and fast earnings. But instead of the desired profit, they lose their deposit in...
What Type Of Forex Trader Are You?
To the uninitiated, the champion day trader may seem like a person of action. But they are just as comfortable stalking their trade as they are decisive when it comes time to execute.
Thinking in Probabilities
Did you know that you do not have to be right each time you interact with the market? Heck, you don't even need to be correct 50% of the time to bank a profit in this business! Once one has mastered a setup with an edge, trading should, to a point, be no more than a repetitive chore. However, because of our natural tendency to always want to be correct, we make trading difficult.
Catch Key Reversals With The 5-0 Pattern
Catching big reversals is something that many new traders day-dream about but rarely ever succeed in doing. However, the 5-0 pattern offers traders the opportunity to catch these types of market moves by finding a unique entry point.
How To Trade Pullbacks With 5 Key Technical Tools
Trading forex can be both interesting and rewarding if one can spend the time learning how it really works. First you have to build a base or foundation. That includes developing a strategy that works for you, finding good money management techniques and training your mind to be disciplined in all facets of trading. Remember, at the end of the day you must muster up enough courage to pull the trigger for any strategies developed to work.
Tactical Trading Concepts: Liquidity Pools and Stop Orders
Have you ever been stopped out, only to see price reverse from that very same level? Don’t worry: you’re not alone, and here’s why....
How to Use the ADX Indicator to Improve Your Trading?
The ADX or the Average Directional Index indicator is a handy tool that can help traders in a number of ways. For the most part, those who follow a trend trading strategy will discover that the ADX can be a useful addition. While traders often end up using two or more indicators that basically gives the same information making them redundant, the ADX indicator in fact compliments any other trend based indicators.