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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 101: How to Trade Gold & Metals
The great Technical Analyst Martin Pring once said: “The more I work with markets, the more it becomes apparent that prices are determined by...
A Basic Introduction to the Different Order Types Used in the Forex Market
Have you ever found yourself unsure of what order to use, or where tocorrectly position it? If you have, then this article will help inproviding a good foundation. It's surprising how often we find tradersthat do not understand even the most basic entry order techniques, yetthey feel they're ready to tackle the live market. Make sure that youfully understand and are COMFORTABLE with your broker's order systembefore stepping into a live trading environment.
The Importance of the US Dollar Index
To say the US dollar is important is an understatement.
According to the 2019 Triennial Survey of turnover in OTC FX markets, the US dollar...
Five Ways to Survive in Extreme Volatility
When we combine leverage and incredible movement in financial markets, we need to adapt our approach. Otherwise, we run the risk of either being...
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...
5 Surefire Ways You Can End the Year on a Positive Note
To start a new year feeling motivated and centered, it is key for traders to end the year on a positive note. With a...
The Psychological Utility of Technical Analysis
Today I am starting an occasional series on one of the most fascinating and essential topics in currency trading; the interaction between the psychology...
Concentrate on Trades by Overcoming Forex Trading Jitters
At times, the excitement during executions can bring about many emotions. One of these is the feeling of nervousness. Whether new or highly skilled, there will always be moments when traders experience forex trading jitters. In an active and volatile forex market, it is normal to feel anxious about trading activities like entering and closing a trade or planning out the best strategy. Because of this, it is important to properly manage nervous energy to channel more productivity when trading. With enough planning and practice, learn how to easily overcome forex trading jitters for optimal forex trading.
Two Simple Ways to Scalp the Markets
Scalping is a trading strategy or style where a trader makes multiple trades over short-term time frames.
This trading style is a low (profit) margin,...
What is an AB=CD Pattern?
Developed by Scott Carney and Larry Pesavento, after being originally discovered by H. M. Gartley, the AB=CD pattern has become an effective technique to have in one's toolbox. After months of research, back testing and also live trading, we feel comfortable presenting this setup to our readers. Just to be clear, the following is not the holy grail. We've simply took what Carney and Pesavento taught and traded it in our own way, and so far, it's worked nicely.
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 Properly Use Pivot Points in Your Trading
A general flaw of many traders is the habit of seeking "certainty" via indicators. It's not uncommon to see charts with five to seven indicators overlaid on them. However, the traders that seek certainty through indicators are usually the same traders that don't "dig deep" into the indicator to understand how it's built.