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3 Adjustments To Make If You Feel the Market Is Against You
Have you ever seen the price move against you as soon as you enter a trade? How about price hitting your stop loss levels before bouncing back up or down to your original profit targets? If you have, then congratulations! You’re just like every other trader out there. But what if these things keep happening…
Pause in Dollar Rally: Weak Data and Powell Dismissal Rumours
Amid rising market volatility, the US dollar is losing ground: USD/JPY is correcting after a recent bullish impulse, while USD/CAD is retreating from the upper boundary of its medium-term sideways range. This corrective movement was triggered by disappointing US producer price index (PPI) data and speculation surrounding a potential dismissal of Federal Reserve Chair Jerome…
European Currencies’ Decline Slows Near Key Levels
As anticipated, investor concerns over escalating trade tensions between the U.S. and Europe, following Donald Trump’s U.S. election victory, have driven the euro and pound toward critical support levels. GBP/USD Last week, GBP/USD sellers pushed the pair down to the significant 1.2600 level. After testing this support, the downward trend paused, transitioning to sideways movement…
GBP/USD Weekly Forecast: On the Back Foot as BoE Cut Nears – Forex Crunch
The GBP/USD weekly forecast suggests further downside. The US economy grew by 3.0%, compared to the forecast of 2.5%. The dollar retreated on Friday after data revealed slower-than-expected job growth in July. The GBP/USD weekly forecast suggests further downside as market participants prepare for a Bank of England rate cut. Ups and downs of GBP/USD …
Chart Art: NZD/JPY Uptrend Channel Correction Levels
Is the trend still our friend on NZD/JPY? The pair is hitting a ceiling at its channel top but could still find buyers at the nearby correction levels. Take a look at these inflection points on the 4-hour time frame! NZD/JPY 4-hour Forex Chart by TradingView Expectations of stimulus from Japan have been dragging the…
Book Summary: The Hour Between Dog and Wolf by John Coates
Please check our products: https: Briefing Doc: The Biology of Risk-Taking in Financial Markets Main Theme: The book explores the impact of human biology, specifically hormones and neurochemicals, on risk-taking behaviour in financial markets. Coates argues that our understanding of economic behaviour is incomplete without considering the biological factors driving traders’ decisions. Most Important Ideas/Facts:…
