As the British Pound approaches a major support level of 1.4000, we think it is akin to peering over the edge of a cliff.
With one of the worst headline inflation rates in the developed markets, crippling energy bills, and a newly elected government, the Bank of England (BOE) is in a place few would want to be in. As the next policy meeting date nears, the...
Hey traders,
In my videos, I frequently use the term "drawdown".
Many of you asked me to explain the meaning of that term and share some examples.
The account drawdown is the highest observed loss from the highest
value of the deposit to the lowest value of the deposit at
a certain period of time.
Imagine you started to trade with 10,000$ account.
At the...
US Federal Reserve interest rate decision
The Federal Open Market Committee meets eight times each year to set the short-term interest rate. After the meeting, the Bank publishes a statement containing the interest rate decision, a brief commentary on the economic conditions that influenced their decision, and most importantly, it contains indications regarding...
EUR
FUNDAMENTAL OUTLOOK: WEAK BEARISH
BASELINE
Inflation >9% saw the ECB hike rates 75bsp at their Sep meeting, with post ECB sources saying the bank is planning to discuss Quantitative Tightening at the Oct meeting. It seems like President Lagarde learnt from here July mistakes by being very careful not to give any clues away on where the ECB thinks the...
Hello Traders, here is my analysis for Tesla.
Listed on the chart are the Bullish and Bearish signals that I will be watching for.
- At the moment, a trade setup has not formed that I would be interested in, however I am keeping an eye on the price action to see if pattern forms that I can play.
Price is either going to breakout and Bulls will take price...
As mentioned several times before, we risk 1% of our total trading capital per transaction. In simple terms, we risk 1 egg out of the 100 that we have in the basket in an attempt to get more eggs.
However, even though the average price mark where we place our Stop Loss is 30-60 pips away from the entry price, SL levels set differ from one trade to another, and...
Since the target of the “Ethereum to $2k” idea was achieved there’s been a lot of messages asking, what’s happening? As price action collapses the tensions rise. Two things occurred:
1) The majority asking the question do not have a strategy. You will always lose money without one.
2) The majority asking this question do NOT have a strategy. Now I realised I’ve...
Within the form of analysis I use, Elliott Wave Theory, the third part of a wave 3 (iii of 3) is typically the most powerful portion of any impulsive 5 wave pattern. This is most evident in the MACD indicator because it will register it’s Highest or lowest reading (Depending on the trend) of the entire 5 wave move.
If my analysis is correct, then we’re soon...
1. WHAT IS A PRICE CHANNEL?
On any chart, you can see that the price is moving in a trading range bounded from above and below, and this range is a price channel. They can be ascending, descending or sideways (ranges). Ascending channels are formed with an uptrend, Descending channels are formed with a downtrend, Lateral channels are formed at intervals when the...
GBPUSD has been forming Head n Shoulder pattern since the start of the September 2022.
Currently, we have completed Left shoulder and a head formation while right shoulder is about to complete.
If the neckline of the pair is broken then we can see the downward move to 1.12000
What do you see of the idea?
I have a few things to do here so just a quick update on spy. I do think a surprise rally higher than most expect is possible here, the 18ma on daily is the target for both bulls and bears in my opinion - bears want to see it hold, bulls want to see it surpassed. Triple witching is tomorrow so expect the unexpected and for me that's a substantial and surprising...
Gold's general commentary: Symmetrical Triangle formed on Hourly 4 chart’s timeframe was struggling to maintain the Price-action above the Hourly 4 chart’s Resistance line (seen Trading at #1,731.80 on Xau-Usd Spot prices) as both the DX and Bond Yields are Trading near local High’s on the CPI aftermath. This High-impact announcement was of course a prologue to...
Reminiscent of the roaring 1920s, the 2020 epidemic and the inability to work for many people brought an influx of new retail investors to the public market. Furthermore, the FED's decision to prop up the market by dropping interest rates combined with stimulus checks handed out by the U.S. government lured in even more investors who were hungry for profits....
Where are the meat or commodity prices heading?
Meat prices have been rising at a rate of about 3% per annual over the last 40 years.
Meat is what I classified as an edible commodity, so is corn, wheat and rice. And as these commodities start picking up in prices, they are the one that will give the central banks a huge headache and to consider to hike its...
-After inflation data, 90% probability of raising rates by 75 basis points at the next Fed meeting
Why is the data negative?
1. Annual inflation declined, but monthly inflation rose 0.1%.
2. The impact of oil prices is still high, but the impact of the inflation on food and housing prices rose month on month
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-Annual general inflation is 8.3%, but...
Today's CPI print in the U.S. spooked the market, affecting Bitcoin, which dropped more than 4% within merely two minutes. The report of higher-than-expected inflation shattered market participants' last hopes for the FED pivot. Currently, the FED is expected to raise interest rates in the range between 75bps to 100bps during its September meeting. However, after...
Seasonalities are regular and predictable patterns that recur every calendar year. Every industry exhibits unique seasonal trends that are based on fundamental drivers. The best-known seasonal drivers include harvest periods, the timing of interest payments, weather, and investor sentiment. At certain times of the year, tax and balance sheet deadlines, annual or...
28 July 2022 was an historic day in both biology and artificial intelligence (AI). DeepMind, a firm specialising in AI research owned by Alphabet, made freely available the structural data on more than 200 million proteins from its AlphaFold tool. This represents data on roughly 1 million species and covers the vast majority of known proteins on earth1.
In...
