Bank of Korea November 28, 2024 The Bank of Korea’s base rate was cut 25 basis points for the second time in two months, a move that watchers of South Korean monetary policy were not anticipating. At 3.0% the rate is its lowest in two years but still comfortably above the latest CPI inflation measurement,…
Thanksgiving Day Roundup November 28, 2024 While Americans observed their Thursday Thanksgiving holiday, the dollar strengthened 0.1-0.3% against the euro, yen, Swiss franc, sterling and Australian and New Zealand dollars but also retreated 1% against the Mexican peso. Stock markets in the Pacific Rim dropped 1.5% in India and New Zealand, 1.2% in Hong Kong,…
Prop Trading: How to Get a Static Drawdown – Forex Forum November 27, 2024 /Posted byGVI Forex / 1393 / …
Trading in a Holiday Season Lots have been said on this issue, and all of it was more or less right. Trying to guess the next move on any given pair can be at least difficult if not impossible. There are many reasons behind it, and I am going to highlight the most…
Is Gold Becoming the Next Major Currency? There are some articles that stand the test of time. The following is an article I wrote 10 years ago that is worth reposting. The article asks a question that is as relevant today as it was back then. XAUSD (GOLD) Price 2014-2025 Is Gold Becoming…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! Full-Time Trader’s Mindset for Consistency In episode 482 of the Desire To Trade Podcast, we will be listening to the recording of an interview with full-time trader, Akil Stokes, sharing his mindset for consistency. Learn insights on scaling up capital, recognizing readiness for…
What to Expect in the Thanksgiving Day Trading Week – Forex Forum November 24, 2024 /Posted byGVI Forex / 250 / …
Stronger Dollar After Weak European Preliminary November Purchasing Managers Survey November 22, 2024 The dollar was already experiencing a post-U.S. election flight-to-safety rally. Elections have a propensity to introduce uncertainty. With other branches of the government on his side, President-Elect Trump plans several policy changes that will make economic life more difficult in other countries….
South Africa’s Second Central Bank Rate Cut Size of 25 Basis Points Matched Expectations November 21, 2024 The South African Reserve Bank policy interest rate was cut today to a 19-month low of 7.75%. A peak of 8.25% was maintained for 16 months from May 2023 until an initial reduction of 25 basis points at…
Why the Choice of the US Treasury Secretary is Important for Trading. I hate writing about politics and only do so to the extent it impacts trading. This is one of hose times when politics (i.e. the US election) has potential to have long range implications for the global economy.so it pays to…