Newsquawk.com Week Ahead 19th-23rd August 2024: Highlights include Jackson Hole, FOMC Minutes, ECB Minutes, Canadian and Japanese CPI, and Flash PMI data MON: US Democratic National Convention (Aug 19-22), Bank of Indonesia Announcement, New Zealand Trade Balance (Jul) TUE: US Democratic National Convention (Aug 19-22), PBoC LPR, RBA Minutes, Riksbank Announcement, CBRT Announcement, EZ Final…
Newsquawk.com Week Ahead12th-16th August 2024: Highlights include US CPI and Retail Sales; UK CPI, Jobs and Retail Sales; Aussie Jobs; RBNZ; China activity data and Japan GDP MON: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul) TUE: IEA Oil Market Report, Australian Wage Price…
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…
Forex Trading Glossary A-B ABC WaveA term used in Elliott Wave that describes a simple correction after a trending move. It is comprised of three-wave (waves A, B and C) forming a corrective or countertrend price movement. Account Balance (Account Information)The section of a trading screen that shows the amount of money in a…
Newsquawk.com Week Ahead 24-28th June: MON: BoJ Summary of Opinions, German Ifo Survey (Jun), German Import Prices (May) TUE: Japanese Services PPI (May), Canadian CPI (May), UK GDP (Q1) WED: Australian CPI (May), German GfK Consumer Sentiment THU: Biden/Trump debate on CNN, Riksbank Announcement, CBRT Announcement, CNB Announcement,European Council, Chinese Industrial Profits YTD (May),…
Newsquawk.com Week Ahead 17-21st June: MON: PBoC MLF, Chinese Activity Data (May), EZ Wages and Labour Costs (Q1) TUE: RBA Announcement, NBH Announcement, EZ Final CPI (May), German ZEW Survey (Jun), US Retail Sales (May), Japanese Trade Balance (May) WED: BoC Minutes, BCB Announcement, UK Inflation (May), New Zealand GDP (Q1) THU: BoE Announcement, PBoC…
Beware: Divergences are Not a Trade Signal (nor an Exact Science) One thing that you cannot afford to get mixed up is this: Divergences are an indicator NOT a trade signal. It would be a bad idea to trade solely on the divergences that you believe you see in the market. You would end…
Surgetrader, once considered one of the better-run firms in the prop trading industry, has closed its doors. This is another blow to an industry that has seen several prop trading firms cease operations. In Surgetrader’s case, it never recovered from losing access to the MetaQuotes MT4 and MT5 platforms (along with other prop firms)….
The Basics of Fundamental Analysis in Forex Trading What is Fundamental Analysis? It is time to explore what it really means to look at fundamental analysis and how it works in the Forex markets. Many people claim that they want to practice good fundamental analysis when they are conducting their trades. With that in…