Updated April 2020 At first glance, the title may appear fruitless, or even a paradox. As a trader, you engage with the market to profit and the only way to achieve this is to trade. However, at times, remaining on the side lines may be more fitting and actually save you from unnecessary loss. Personal … Continue reading Sometimes the Best Position Is No Position
As the sea rises and falls along a shoreline, price action ebbs and flows in a similar manner. Perhaps one of the most disregarded facets of technical analysis, yet one of the most essential, is the identification of market structure. Many analysts identify market structure as an art form, constantly evolving from one phase to … Continue reading Basic Market Structure in the Forex Market
Global Markets: Asian Stock Markets : Nikkei down 0.38%, Shanghai Composite down 0.21%, Hang Seng up 0.45%, ASX up 0.27% Commodities : Gold at $1310.40 (-0.25%), Silver at $16.46 (-0.04%), Brent Oil at $76.63 (+2.38%), WTI Oil at $70.56 (+2.17%) Rates : US 10-year yield at 2.989, UK 10-year yield at 1.440, Germany 10-year yield … Continue reading Wednesday 9th May: Markets hold up as Trump pulls out of Iran deal
EUR/USD: US President Trump confirmed the US is to withdraw from the Iran nuclear deal with the 'highest level' of sanctions to be imposed on Iran. In response, a mild correction to the upside was observed on the EUR/USD. In regard to the technical picture, however, Tuesday’s movement shows that the 1.19 handle was … Continue reading Wednesday 9th May: Quiet calendar until US hours – US PPI number eyed
