AUD/USD Outlook: Bulls Cracked Pivotal Barriers But Without Clear Break For Now
Fresh upside attempts resulted in posting new six-week high at 0.6884 on Wednesday, but probes above pivotal barriers at 0.6870/79 (55DMA / 50% retracement of 0.7082/0.6677) were so far short-lived. Fresh risk sentiment keeps the Aussie afloat and offsets negative...
What is FOMO in Trading? Characteristics of a FOMO Trader
FOMO – Fear of Missing Out – is a relatively recent addition to the English language, but one that is intrinsic to our day-to-day lives. A true phenomenon of the modern digital age, FOMO affects 69% of millennials, but it...
Waiting For The ECB Bazooka
ECB bazooka triggers currency war? A malaise has fallen over financial markets. The lack of meaningful news has left prices to drift. Tactically, we watching media for any news on US-China trade, ECB, Brexit, general data to support a Fed...
Prop Trading and Managing Volatility | Morad Askar | Podcast
“When you’re in the [prop trading] environment, you feed off the competition. It makes a huge difference” Prop Trading, Managing Volatility, Risk:Reward and more… The big talking points on this podcast: What is prop trading and how can retail traders...
Sentiments Lifted as China Exempt Some Tariffs on US, Removes QFII Quota
Market sentiments are generally lifted in Asia, by China’s announcement to exempt some US imports from tariffs, ahead of next month’s meeting. Also, while symbolic, investors also cheer China’s move to remove quota for foreign institutional investors on the capital...
US companies are canceling investment into China at a faster clip, survey shows
Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the...
Silver Could Still Outshine Gold Over The Near Term | XAU, XAG, Gold/Silver Ratio
The gold silver ratio is paused at a level of resistance for a potential pairs trade, whilst the underlying markets also test pivotal levels. We can see on the daily chart that momentum has remained mostly bearish since the July...
WeWork is worth 70% below where it last raised money, NYU’s ‘dean of valuation’ says
CEO of WeWork Adam Neumann Getty Images WeWork is worth just a fraction of where it was raising money in private markets, according to a widely followed valuation expert. Aswath Damodaran, professor of finance at the Stern School of Business...
Morning Star Candlestick: A Forex Trader’s Guide
The Morning Star candlestick is a three-candle pattern that signals a reversal in the market and can be used when trading forex or any other market. Correctly spotting reversals is crucial when trading financial markets because it allows traders to...
USD/CAD Outlook: Strong Bearish Signal Expected on Close Below Daily Cloud / Fibo Support at 1.3163/55
The pair extends weakness and is on track for close below cracked Fibo support at 1.3155 (Fibo 61.8% of 1.3015/1.3382) and below daily cloud base (1.3163) as bears regain control after Monday’s strong downside rejection and failure to close below...