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Right now, the value of the Euro (EUR) compared to the US Dollar (USD) is low (around 1.0740) as per strong Dollar (USD) considering the following factors: The European Central Bank (ECB) will likely keep interest rates the same this Thursday, but might consider lowering them in June. The US Federal Reserve (Fed) might wait longer to lower interest rates...

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As discussed in our previous post, a well-defined trading plan is your invaluable compass, navigating you through the ever-shifting tides of the financial markets. It's not a rigid set of rules, but a dynamic roadmap that evolves with changing market conditions. Defining Your Trading Goals Your trading plan begins by clearly defining your trading goals. What do...

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Euro bounces back a little after falling sharply The Euro (EUR) gained a little ground against the US Dollar (USD) on Monday. This might be because some traders were buying Euros after they had sold them recently (profit-taking). Last week, the Euro fell a lot after data showed the US economy was doing better than expected. This data made some investors think...

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Greetings, fellow traders! As a seasoned veteran of the financial markets, we've witnessed firsthand the transformative power of trading, its ability to elevate individuals to new heights of financial freedom and fulfillment. Yet, we've also observed the struggles of many aspiring traders, their goals & dreams marred by a lack of guidance and a clear...

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Published by Jack D. Schwager in 1989, "Market Wizards" marks the beginning of an indispensable series for traders and investors alike. Through engaging interviews, Schwager brings to light the experiences of titans such as Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michael Steinhardt, Ed Seykota, Marty Schwartz, and Tom Baldwin, making learning from the best...

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US Dollar (USD) strengthens against Canadian Dollar (CAD) to 1.35, mainly due to: Surprise inflation jump in US: January's Producer Price Index (PPI) rose more than expected, suggesting higher inflation. This makes investors think the US Federal Reserve (Fed) might not cut interest rates as soon as they thought. Canadian inflation data coming up: Tuesday's...

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The Euro lost some ground against the Dollar this week again . This happened after the Dollar had been somewhat weakening last week. Why is that? Data from the US showed people spent less money than expected last month. This surprised markets and made the Dollar seem less risky. There are also upcoming data* from the US that could be good for the Dollar. ...

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Smart Money Concepts (SMC) empower traders to understand the invisible hand of institutional players ("smart money") in markets. By analyzing liquidity, the lifeblood of price movements, SMC equips you to anticipate potential breakouts and identify high-probability entry points. Let's dive into key concepts: Liquidity Types: ● ERL (External Range Liquidity) :...

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The Euro (EUR) didn't move much on Wednesday, but it's been down lately. European economic data is weak, and some people think the European Central Bank (ECB) might cut interest rates soon. Here are some key things to watch: Germany's industrial production fell more than expected in December . This could be a sign that the European economy is slowing down. ...

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Oil prices are up slightly today, but still heading for a bad week. This is because: China's economy might not do well: People are worried that China's building problems will hurt its growth, which means they might buy less oil. (China is the biggest oil buyer!) OPEC hasn't decided how much oil to sell yet: They'll make a choice in March, but until then,...

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2023 Review In 2023, Tesla delivered over 1.2 million Model Y’s establishing it as the best-selling vehicle globally, regardless of type, signaling a remarkable shift in the automotive landscape. Despite initial skepticism about the viability of electric vehicles (EVs), this success has proven otherwise. Maintaining a robust free cash flow of $4.4 billion...

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The USD/CAD pair is currently hovering around 1.3450 price zone after a recent dip from the psychological barrier of 1.3500. The Canadian dollar (Loonie) is facing some pressure as investors are less attracted to safe-haven assets, even though there's renewed hope that the U.S. Federal Reserve (Fed) won't lower interest rates until May. Oil prices have dropped...

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The British Pound vs. US Dollar (GBP/USD) duo has been on an impressive winning streak, extending its gains for five straight days. This upward momentum is being fueled by positive investor sentiment and a slight softening of the US Dollar. Recent labor data from the US has weakened the Federal Reserve's case for interest rate cuts. Based on current market...

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Introduction The current economic landscape is marked by higher interest rates and increased volatility, a departure from the stability observed in the decade following the global financial crisis. Unlike before, central banks face challenges in stabilizing economies due to production constraints and tougher trade-offs in addressing inflation versus supporting...

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Artificial Intelligence (AI) has permeated almost every aspect of our lives, from virtual assistants to self-driving cars. In recent years, AI has also made significant inroads into the world of finance, particularly in trading. This article explores the transformative impact of AI in trading, shedding light on how it's revolutionizing the market, shaping trading...

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The Aussie dollar has been going down against the US dollar for the past few days. This is because the US dollar is getting stronger and the Aussie dollar is getting weaker. The Reserve Bank of Australia (RBA) kept interest rates the same at their last meeting, but the market expects interest rates to be cut in the second half of 2024. The US dollar has been...

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The USD/CAD pair is making a comeback after recent losses in the last session. As of Monday's Asian session, it's trading higher around 1.3660. The Canadian Dollar (CAD) is feeling the pressure due to a drop in crude oil prices. The price of Western Texas Intermediate (WTI) has been on a decline since Wednesday, hovering around $75.00 per barrel at the...

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The USD/JPY has been on a bit of a slide since last Thursday, hitting an eight-week low of around 147.40 during Tuesday's European session. Right now, it's eyeing the 147.00 mark as immediate support, right after a 38.2% Fibonacci retracement at 146.32. The US Dollar (USD) is taking a dip, reaching a nearly three-month low due to some less optimistic outlook from...