Last week, the financial markets were focused on the August Nonfarm Payrolls (NFP) report. The data, released on Friday, September 6, showed a modest increase of 142,000 jobs, following downward revisions to the previous two months. While the unemployment rate dipped to 4.2%, the NFP report sent ripples through the markets. The NFP release came…
EUR/CHF has continued to exhibit a high direct correlation with France CAC and Germany DAX. China’s core inflation and producer prices for August have indicated a persistent trend of lackluster internal demand. Sluggish China’s consumer demand may hurt the profits of key European makers of luxury goods, cars, and machinery. Watch the key intermediate support…
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June 14, 2024 / Back on Track with Funded Trading / apex trading funding It’s been a little while since I’ve checked in on my funded trading journey. After a busy period, I had to put the experiment on hold for a bit. But now I’m back at it! As of June 14, 2024, I’ve…
Sentiment has continued to improve the deeper we’ve gone through the early EU session. Equity futures have built on their early morning gains, and commodities like copper continue to grind higher. News flow has been very light on the fundamental side, but markets are still digesting Friday’s data and what it means for the Fed….
June 16, 2024 / The Real Challenge Starts After Getting Funded When you’re doing a funded challenge, it’s easy to think that the goal is simply to pass. You feel like once you’ve cleared the challenge and received the funding, you’ve “made it.” But that couldn’t be further from the truth. Passing the challenge is…
2024.09.09 2024.09.09 USDJPY Goes Into Nosedive. Forecast as of 09.09.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The decline in US Treasury bond yields on the back of a slowdown in US employment was the primary driver behind the USDJPY pair’s nosedive. However, this is not the only positive development for the yen. Let’s discuss this topic and make a…
The Mexican Peso extends its downtrend but appears to be finding a floor. The weakness of rivals, such as the US Dollar, as well as uncertainty over the direction of Mexico’s monetary policy are supportive factors. USD/MXN steadily rises in a mildly bullish channel. The Mexican Peso (MXN) trades flattish and mixed on Monday after…
September 5, 2024 / Reflecting on the Pros and Cons: The Journey Isn’t Over Yet As I look back on this experience so far, I think it’s important to be honest about both the pros and cons of trading with prop firms like Topstep and Apex. This journey has been filled with learning moments, and…
The global algorithmic trading market is projected to grow by $15.33 billion from 2024 to 2028, driven by increasing demand for AI-powered market surveillance, according to a recent report from technology research and advisory firm Technavio. According to Technavio, the market is expected to expand at a compound annual growth rate (CAGR) of 14.34% during…