In this video, I will show you how to backtest a trading strategy to make sure you know your strategy as the palm of your hand and can trade a proven system in the market with confidence instead of ending up gambling, when you actually think you are forex trading. MENTORSHIP PROGRAM: with price SUGGESTED
Month: August 2021
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NYSE:BABA fell by 0.58% on Monday despite China stocks continuing to bounce back. BABA has fired a manager that was involved in a sexual assault scandal. Despite its recent struggles, at least one institution is still bullish on AliBaba. NYSE:BABA has had a 2021 to forget thus far, as the stock has lost 27% over
Dollar’s rally continued last week as supported by hawkish comments from Fed officials. Expectations for tapering this fall continued to build up. Swiss Franc is trading broadly lower, as the pull back against Euro accelerated. Meanwhile, Australian is also trading lower on poor business confidence data. Focus will turn to Germany economic sentiment first, with
WTI crude up 0.8% to near $67 on the day Oil suffered a beating yesterday in a fall to test its July lows but the support region there held and we may see a short-term double-bottom pattern form in the commodity. The 100-day moving average (green line) is still seen @ $67.13, so keep below
Daily thread to exchange ideas and to share your thoughts FX is still looking a little stuck to start the week, though the dollar is keeping in a decent spot as the market battles between Fed taper expectations and delta variant concerns. EUR/USD is treading water to fresh lows since 1 April and the end-March lows @
NEW DELHI: After a steep fall, gold prices rebounded mildly on Tuesday. However, the yellow metal languished near multi-month lows on heightened market expectations of Federal Reserve’s tapering. Gold futures on MCX were up 0.40 per cent, or Rs 185, at Rs 46,071 per 10 gram. Silver futures gained 0.78 per cent, or Rs 486,
The number of job openings in the U.S. economy jumped to more than 10 million in June, the highest on record, as the U.S. labor market continues a choppy recovery from last year’s economic shutdowns, the Labor Department said Monday. There were 10.1 million open jobs on the final day of June, the report said,
The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank. AaronP/Bauer-Griffin | GC Images | Getty Images Shares of AMC Entertainment rose 4% after the company posted a narrower-than-expected loss during the second quarter. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by
NZD/USD remains depressed below 0.7000 on Tuesday US Dollar Index edges up on upbeat economic data and hawkish Fed officials. Risk-aversion weighs on the Kiwi as Delta variant spokes investors. NZD/USD extends the previous session’s downside momentum in the Asian session on Tuesday. The pair confides in a very narrow trading band with no meaningful
Overall markets are mixed today, as Dollar is digesting some of last week’s gains, awaiting more guidance from FOMC members regarding tapering. New Zealand and Canadian Dollar are the stronger ones for now. But Australian Dollar is among the weakest together with Euro and Swiss France. Yen and Sterling is slightly firmer. Gold and silver
The CHF is the weakest As London/European traders head for the exits, the USD is the strongest of the majors, while the CHF is the weakest. At the start of the North American trading day, the CAD was the strongest while the CHF (see post here). The USD was mostly lower at the start of the
Richmond Fed president Barkin speaking Demand does not yet seem indented by Delta variant Demand for labor continues to outpace supply of people willing to work Current pressure on wages is intense at lower levels of the pay scale The inflation expectations near target support idea that recent inflation rates are temporary On price said Fed
Senators putting forth differing amendments for provisions in the infrastructure deal which apply to crypto have reached a compromise after a legislative setback. In a press conference today, Senator Pat Toomey said there was now a bipartisan agreement on an amendment to infrastructure bill HR 3684 backed by Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten
New Delhi: Gold in the national capital on Monday dipped Rs 317 to Rs 45,391 per 10 grams, in line with a fall in international precious metal prices, according to HDFC Securities. In the previous trade, gold closed at Rs 45,708 per 10 grams. Silver also tumbled Rs 1,128 to Rs 62,572 per kg, from
Richard Clarida Scott Mlyn | CNBC Federal Reserve Vice Chairman Richard Clarida said Wednesday the central bank is likely to hit its economic targets by the end of next year and start raising interest rates again in 2023. While he said the jobs market still has to recover, Clarida noted that inflation is tracking to
Signage outside the Novavax Inc. headquarters in Gaithersburg, Maryland, on Friday, March 12, 2021. Al Drago | Bloomberg | Getty Images Novavax announced that it will delay the submission of its Covid-19 vaccine to the Food and Drug Administration for emergency use authorization until its fourth quarter. Shares of the biotechnology company slipped 10% after
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