Central Bank Decisions and Price Data June 13, 2024 The FOMC‘s June interest rate decision, updated forecasts, and press conference yesterday left an impression that was not quite as hawkish as feared. The likelihood of three rate cuts that had been signaled as recently as March is now remote, but the possibility of one cut…
Trends in the forex market tend to be strongest when fundamentals support technical moves.. Many retail forex traders dismiss the fundamentals when trading because they are sometimes hard to figure out and because they are not easily converted into a trading strategy. Nevertheless, they are often the major driver of broader trends and regularly…
The 3 Things You Need to Know to Trade Harmonic Price Patterns You probably want to know what you should do to trade harmonic price patterns if you should happen to come across some of these in the course of your trading. There are three quick steps that you should know so that you…
EURUSD Gaps Lower: How to Trade in a Geopolitical Market I can’t remember the last time European politics was a market factor but as this chart shows, the gap opening down in the EURUSD suggests this is currently the case. Whether it is an expected gains by the far right in EU election results…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! The Power Of A Trade Journal For Success In episode 458 of the Desire To Trade Podcast, we will be listening to the recording of an interview with pro trader Rolf Schlotmann and they discussed the power of a trade journal for success….
EURUSD Daily Outlook for coming week & Important Data In the coming week some very important data is awaiting us – Check it out on Economic Data Calendar. Especially pay attention to Wednesday US Data : Inflation Rate Core Inflation CPI And most IMPORTANT one – FOMC Interest Rates Decision ! EURUSD finished last…
The 8 Main Variations of Gartley Patterns in Trading It’s impossible to talk about Gartley patterns without talking about Harold McKinley Gartley. He was once known for a stock advice service that he ran in his day and age. He was a very popular person to turn to for advice on these matters because…
What are the 6 Harmonic Price Patterns in Trading? After you get some basic charts down, you can move on to something like harmonic price patterns in the financial markets. The idea behind these patterns is that they are going to be retracements of recent trends. In other words, they are often a reversion…
Next Week’s Menu: June 8-14, 2024 June 7, 2024 Central Banks: An FOMC meeting with updated U.S. macroeconomic forecasts and followed by Chairman Powell’s press conference heads up a menu of scheduled monetary policy reviews that also includes central banks in Japan, Taiwan, Thailand, Armenia, Pakistan, Serbia and Peru. Williams and Goolsbee of the Federal…
Tight Labor Market Likely to Delay Fed Rate Cut Further June 7, 2024 The 272 thousand increase last month in U.S. non-farm payroll employment exceeded market expectations by nearly 50% and comes on top of 238k per month job growth in the prior two months. Job growth per se needed delay a rate cut, but…