Trading vs. Gambling Pros and cons of forex trading The rise of online gambling has sparked widespread discussions on its impact, especially as it becomes easier to place bets on virtually every part of a sporting event or even non-sporting activities. I’m reminded of an interview I gave to Newsweek, where I stated: “Those…
The day has come, ladies and gentlemen. The biggest — and for some, the most important — company in the world, Nvidia Corporation, is about to reveal its earnings. My crystal ball is whispering that today, after the US closing bell, Nvidia will probably dump another set of jaw-dropping numbers on the table — perhaps…
Is forex trading profitable? Is forex trading profitable? Most retail traders dive into the forex market searching for the “perfect setup” or the next big winning trade. But during my years as a bank trader, I learned a very different and far more sustainable approach from a colleague who ran a forex dealing room….
Markets Risk-off remains the by default bias on global markets today even as there was little in the way of hard economic news to guide trading. High (US tech) valuations and low visibility on Fed policy are most often mentioned. Whatever the reason, yesterday’s selling/risk-off in the US also again spilled over to Asia this…
Markets The European Commission published its Autumn Economic Forecast today. They project real GDP growth of 1.3%-1.2%-1.4% in the euro area. Economic growth exceeded the Commission’s Spring forecast (0.9%-1.4%-1.4%) in the first nine months of the year thanks to a surge in exports ahead of anticipated tariff increases and a stronger performance of investment in…
Highlights include NVDA earnings, Minutes from FOMC and RBA, CPI from Canada, UK and Japan, and Global PMI data Nvidia competitors MON: Canadian CPI (Oct), US NY Fed Manufacturing (Nov) TUE: RBA Minutes (Nov), NBH Announcement; New Zealand PPI (Q3), Japanese Trade Balance (Oct) WED: FOMC Minutes (Oct), Bank of Indonesia Announcement; UK…
Last week delivered what should have been a moment of relief for global markets: the US finally ended its historic government shutdown, clearing the way for normal economic data flow to resume. Yet instead of sparking a rally, the reopening brought little comfort. U.S. assets struggled across the board. Equities came under pressure as investors…
Week in review – Markets remain very anxious This week finally saw the US government reopen after the longest ever government shutdown, which lasted 43 days. News of the deal initially brought a much-needed rally in stocks on Monday, but throughout the week, markets have been plagued by sudden selloffs without much explanation. NOTE: The…
Easy trades that pay well How to Identify and Trade a Liquidating Market Easy trades that pay well A liquidating market occurs when traders are focused on exiting positions and not adding new ones. Instead of fresh buying or selling to build positions, the dominant flow consists of participants rushing to get out, creating…
Markets Surge as U.S. Government Shutdown Nears End Stock Market Facts The end to the stalemate in the U.S. Senate and growing optimism for an end to the government shutdown have sparked a sharp rally across risk assets, from equities to gold. Many are calling it a relief rally, while others see it…