Fundamentals or technicals? A third view Introduction There have been long debates in the last 20 years about which approach is better as a forecasting means of the foreign exchange market. The two main schools of thought are traditionally the fundamental analysis and the technical analysis. As a matter of fact, this has…
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…
Are Forex Broker Client Position Reports Useful or Not? At first glance forex broker client sentiment reports showing net client positions seem like a useful tool. However, when you dig deeper it raises the question whether the data should be taken at face value. While retail is only a small part of the…
Wall Street’s main indexes slumped on Monday (August 5) as fears of the United States tipping into recession following weak economic data rippled through global markets last week. Bourses from Asia to Europe took a beating, and bond yields slipped as investors rushed to safe-haven assets and bet the U.S. Federal Reserve would now need…
The Market Isn’t Your Enemy One of my favorite articles I wrote as a warning to all traders is entitled, The Market Isn’t Your Enemy and it is worth repeating in the current market. I posted this (see below) several years ago to go along with the article and if it was today, I would…
Recently held European Parliament Elections , that led to new French Elections ( An early legislative election is expected to be held in France in two rounds on 30 June and 7 July 2024, to elect the 577 members of the 17th National Assembly of the Fifth French Republic. ) are not going to change anything…
How to Use Leading Indicators (Oscillators) to Identify Trend Reversals “The End is Near!” is not just a saying for someone on the street who wants you to believe that the end of the world is upon us. Rather, this is also a signal that you can get from a leading indicator (also called…
After ending last week with a surge of 0.75% following green endings seen on the last 4 days, Nifty remains locked within a narrow range of 23,200-23,500. If it breaks out above 23,600, the index can rally as much as 24,000 depending on news flow around the upcoming Union Budget and 100-day plans by various…