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…
– Ripple co-founder Chris Larsen announced that he had donated $10 million in XRP to Democratic presidential candidate Kamala Harris. This is not his first donation to the vice president’s campaign. On August 1, he contributed $1 million to her fund, which was one of the earliest cryptocurrency donations supporting Harris’ candidacy at the time….
How Does a Currency Options Defense Affect the Spot FX Market? While many new forex traders think of options as binaries, traditional currency options are the ones that have an influence on the spot fx market. Currently, EURUSD 1.08 a potential options strike level, has come under attack but so far the price…
The One Word That Makes Markets Move Part 2 I asked a question of our readers in Part 1 of The One Word That Makes Markets Move. The question was what word? The answer was “failure.” A higher low is formed by a failure to break the prior low. A lower high is formed…
Weekly FX Chart Outlook – October 21-25 Weekly FX Chart Analysis The upcoming week has a light economic calendar, especially from the US in a forex market that seems to need news to create volatility. Arguing for consolidation, at least to start the week, is a light economic calendar and that there are no…
Newsquawk.com Week Ahead: 21st-25th October Highlights include PBoC LPR, BoC, EZ & UK PMI MON: PBoC LPRTUE: NBH Announcement, IMF World Economic OutlookWED: BoC AnnouncementTHU: EZ/UK/US Flash PMIs (Oct)FRI: PBoC MLF (TBC), CBR Announcement, Japanese Tokyo CPI (Oct), German Ifo (Oct), US Durable Goods (Sep), US University of Michigan Final (Oct) Newsquawk…
EUR/USD: ECB and Trump Pushing the Pair Towards 1.0000 ● On Thursday, 17 October, the Governing Council of the European Central Bank (ECB) decided for the third time this year to lower its three key interest rates, this time by 25 basis points. As a result, the deposit rate now stands at 3.25%, the main…
Pound Sterling plummets as soft UK Inflation boosts dovish BoE bets The Pound Sterling (GBP) falls vertically below the psychological support of 1.3000 against the US Dollar (USD) in Wednesday’s London session. The US Dollar stays afloat near a more than two-month high as traders have priced in moderate interest rate cuts from the Federal…
– On Monday, 14 October, the price of bitcoin rose above $65,000. Then, on 15 October, a local high was recorded at $67,950. The last time the leading cryptocurrency reached such heights was on 27 September. The positive dynamics were influenced by the growth of U.S. stock indices, particularly the S&P 500. Another driving factor…
Common Sense Tips for The Average Trader They say a trader learns more from losing than winning but hopefully it is not to the extent that it wipes out one’s account. I was asked the following question by a Global-View Trading Club member (posted with permission)): I am long EURUSD above 1.10 and…