FX Weekly Recap: August 19 – 23, 2024
September rate hike odds were the talk of the forex town, creating a sour week for the Greenback, but there were other stories in FX to mix up the price action this week.
September rate hike odds were the talk of the forex town, creating a sour week for the Greenback, but there were other stories in FX to mix up the price action this week.
If you’ve been learning to trade for a while, I’m sure you’ve come across the term ‘overtrading’. What does it mean exactly? Well, unsurprisingly, overtrading means being excessive! But how can you detect when you’re overtrading? And what about under-trading? In reality, the reasons behind both are numerous and extremely common to all traders. So,…
We will kick things off with Lagarde’s opening address at 0845 GMT before proceeding to a bunch of debates throughout the day. You can check out the full agenda here. The first debate will be on “The Economic Environment Faced by the ECB’s Monetary Policy: Key Determinants and Structural Changes”. That will involve the ECB’s…
Ever wish you had one of those “Quick Start Guides” for the Elliott Wave Principle?“ Now you do! Check out this free Elliott Wave Essentials Guide – updated in 2024 – by Elliott Wave Principle co-author, Robert Prechter! Drawing directly from Frost and Prechter’s Wall Street bestseller, this guide is your go-to resource for mastering the basics of Elliott wave…
WTI Oil on course for its best week in over two months. WTI unfazed as OPEC and IEA forecast paint differing demand pictures. WTI eyeing trendline break and psychological $80 a barrel mark. Fundamental Overview and Week in Review WTI oil prices are experiencing a resurgence this week, driven by demand optimism. This positions WTI…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday August 27th and shows a quick view of how large traders (for-profit speculators and commercial hedgers) were positioned in the futures markets….
Ages ago, horsemen invented blinders to keep their horses focused on their work. Blinders are pieces of leather attached to the horse’s bridle that prevent them from seeing anything except what’s in front of them. Without blinders, a horse can see almost completely behind itself without turning its head and can be easily spooked by…