DaveBrsacoFX

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his is one of the simplest trending strategies I use for day trading, and also one of the most effective. For this, it has been given the catchy name: Day Trade Trending Strategy. Using a one-minute chart the price will often make a larger move, have a very simple pullback, and then begin to move in the trending direction again. The strategy attempts to capitalize...

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Weekly Commitment of Traders update highlights future positions and changes made by hedge funds and other speculators across commodities and forex during the week to August 9. A relatively quiet week where a continued improvement in risk appetite drove stocks higher while softening the dollar. Some commodity positions, with crude oil the major exceptions, showed...

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WHAT TO SAY ABOUT NASDAQ? WELL! War is old news, Recession the new News,...Rates hikes,.... Did You know that also others know it? Pelosi and FED Chief Powell have a lot of Stocks in Russle2000 and NASDAQ,US30 and S+P500. Shake the market high by Interest Rates hike. Shake it higher by Interest Rates cuts. My Strategy: Buy longs, Profit Taking, and again Buy...

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THE OIL PRODUCING COUNTRIES AND CARTLE MEMEBERS GAVE THIS ANSWER: BIG NO ,,PUNCH,, to the Europeans and non-producing oil countries who want to dictate them the Oil Price. It is a era of the colonilistic countries like Germany, GB, Belgium, Italy, France, Scandinavian and others is over. It is simply over. They are losing everywhere their financial-,...

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Economic activity in the services sector grew in July for the 26th month in a row — with the Services PMI® registering 56.7 percent — say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®)...

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Oil prices have roller-coastered higher and now lower this morning following OPEC+'s decision to hike output minimally, and also note they have limited capacity for further increases. WTI traded lower overnight after an unexpedctedldy large crude build was reported by API. “The announced increase from OPEC+ equates to a nonevent,” said Stacey Morris, head of...

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EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor...

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As was widely expected, the Federal Reserve raised its policy rate by 75 basis points (bps) at the July meeting, taking the target rate range to 2.25%–2.5%. This is just below the Fed’s estimate for a neutral policy stance in the longer run (2.5%). At the press conference, Chair Jerome Powell said that “modestly restrictive” monetary policy is warranted by the...

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GBP/JPY made a bullish close above the triangle pattern yesterday. However, the pair immediately reverse the bullish situation and turn bearish today. We have a major bearish movement that engulfed 10 days candlesticks. The bearish movement might continue toward the 161.00 support level next. Today Critical level to watch: Support: 161.00 Resistance: 164.00,...

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EUR/JPY breakout below the 137.40 support level with strong bearish momentum today. The pair set to continue the downward movement to target the 134.50 – 135.00 area. Traders will stay cautious for now as the pair formed a lower low and lower high on the chart. In the next bullish bounce, the pair need to print a higher high to cancel the current bearish...

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Thursday brings us a short update on brent oil. This instrument has been heavily bombarded recently by the macro data, not only for oil, but also the macro data for the USD. Let’s start with the one for oil. Yesterday’s inventories. Data came in hot (bullish for oil) as the number were significantly below expectation, showing a decrease of 4.5 mln barrels from...

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The currency pairing of the British pound / Japanese yen (GBP/JPY) is one of the most traded pairs in the foreign exchange market, representing a significant quantity of daily trading. It's a pairing which is popular amongst veteran traders and newcomers alike. GBP/JPY trading hours The forex market is available 24 hours a day, but UK trading, in particular,...

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Why is the GBP/NZD pair important to traders? The GBP/NZD pair brings together two of the world’s most-traded fiat currencies: the British pound and the New Zealand dollar. It shows us how much NZD is needed to buy £1. Sterling is the fourth most-traded currency worldwide, while the New Zealand dollar is 10th. Among international investors and traders, the...

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The Nasdaq-100® Index Meets The Inflation Boogeyman: What Happens Next? The Nasdaq-100 Index has generated an exceptional record of absolute and relative performance over the past decade and a half. Broadly speaking, large-cap U.S. equities have performed very well, with the S&P 500 Index producing total returns of 357% from year-end 2006 through year-end 2021....

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U.S. shale production U.S. shale production is expected to rise by 143,000 barrels in July to 8.91 million barrels, according to the latest Drilling Productivity Report released on Monday. Shale producers are under high scrutiny this quarter as gasoline prices rise and inflation reaches a four-decade high. Washington is asking for a large number of production...

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What do Bitcoin's defenders say? Some of Bitcoin's most ardent defenders have tried to paint Bitcoin as green as possible. The Bitcoin Mining Council was created earlier this year to “promote transparency” about the industry. The Council shared a presentation in July that claimed 56% of the electricity behind the crypto came from sustainable sources. Fed...

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New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs. Sales of newly built, single-family homes in June fell 8.1% to a 590,000 seasonally adjusted annual rate from a sharply downwardly revised reading in May, according to...

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New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs. Sales of newly built, single-family homes in June fell 8.1% to a 590,000 seasonally adjusted annual rate from a sharply downwardly revised reading in May, according to...