Next Week’s Menu: November 2-8, 2024 November 1, 2024 Central Banks: Monetary policies to be reviewed at the Fed and by central banks in Brazil, the U.K., Poland, Sweden, Norway, Romania, the Czech Republic, and Malaysia. Fed Chairman Powell and BOE Governor Bailey hold press conference, and the ECB publishes minutes of its last meeting….
October 2024 in Figures November 1, 2024 The dollar made broad gains against other currencies during October. Equity markets experienced mixed results during the period. Long-term interest rate rises varied in size, and the European Central Bank, which lowered its deposit rate by 25 basis points, was the only monetary authority featured in the table…
Harris vs. Trump: My Prediction for the US Election Polls say the US presidential election it is nearly a dead heat and thus a tossup. Then again, given past history, who can believe the polls. I wish I had a crystal ball. Alas, there is no genie in my bottle. So, there is…
Forex Wisdom Forex Tips for every Trader Any market, be it real estate market or forex market, is all about transferring money from the masses to a few lucky ones in the long run. In most real property speculation cases, the masses make money ,a lot of money, but the money stays as paper…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! 1-Hour Prop Firm Trading Masterclass In episode 478 of the Desire To Trade Podcast, you will listen to a 1-hour prop firm trading masterclass where you’ll learn everything you need to know from top traders on getting funded and becoming consistently profitable. Forex…
This Week’s Menu: October 26- November 1, 2024 October 26, 2024 Central Banks: The Bank of Japan heads a list that also includes central banks in Armenia, Kyrgyzstan, Bulgaria, Colombia, Sri Lanka and Ukraine that are scheduled to review interest rate policy. BOJ Governor Ueda holds a press conference afterward, and the quarterly Outlook for…
Russian Interest Rate Hike October 25, 2024 Officials at the Central Bank of Russia had been thought likely to hike their policy interest rate by another percentage point at this month’s scheduled review but surprised analysts by increasing such to 21.0% from 19.0%. The new rate is its highest in just over two decades and…
Flat Dollar, Equities Mixed, Many Data Releases, and a Larger-than-Forecast Russian Interest Rate Hike October 25, 2024 Major dollar relationships show minimal net movement from Thursday closings. Equity markets fell 0.6% in Japan, 0.8% in India and New Zealand and Spain so far, but advanced by 0.7% in Taiwan, 0.6% in China, 0.5% in Hong…
Election Jitters in the United States and Japan October 24, 2024 Japanese voters go to the polls this Sunday to choose all 465 members of parliament’s lower house. This earlier-than-required general election was called by Prime Minister Ishiba after he was the LDP party election to replace former PM Kishida, who had stepped down. It’s…
Embrace the Retrace As those who have followed my thinking know, I believe trading is common sense. When you think of trading this way you can make sense of what many take as blind faith and learn how our logic takes advantage of retracements to trade. This is why I say embrace the…