Latest USDJPY and EURJPY Updates From the Savvy Trader There was a 2nd bite of the cherry with the EurJpy rally to 162 but the UsdJpy could not maintain 150 and so now there will be trapped longs...
Newsquawk Week Ahead Highlights 2nd-6th December 2024 Week Ahead: 2nd-6th December 2024: Highlights include US NFP and ISM PMIs, OPEC Canada jobs, Swiss CPI and Australia GDP SAT: Chinese NBS PMIS MON: Chinese Caixin Final Manufacturing...
Prop Trading: How to Get a Static Drawdown One of the advantages held by prop firms is the relative drawdown rule. This tilts the playing field in favor of the prop firm as the trader cannot...
Trump Tariffs Strategy: Big Stick Diplomacy? President elect Trump has not even taken office and he is already impacting markets, the latest being a threat to impose 25% tariffs on all products from Canada and Mexico,...
Trading in a Holiday Season Lots have been said on this issue, and all of it was more or less right. Trying to guess the next move on any given pair can be at least difficult...
Is Gold Becoming the Next Major Currency? There are some articles that stand the test of time. The following is an article I wrote 10 years ago that is worth reposting. The article asks a question...
What to Expect in the Thanksgiving Day Trading Week Many years ago I went to work on the Friday after Thanksgiving. Markets went crazy and I had one of the best trading days of my career....
NewsquawkWeek Ahead:Highlights 25 th-29nd November 2024 Newsquawk Week Ahead Highlights include FOMC Minutes, RBNZ rate decision, EZ HICP, and Australian CPI MON: German Ifo (Nov), US National Activity Index (Oct) TUE: FOMC Minutes (Nov); US New Home...
Why the Choice of the US Treasury Secretary is Important for Trading. I hate writing about politics and only do so to the extent it impacts trading. This is one of hose times when politics (i.e....
How to Trade the Current EURUSD Trend Unlike retail or day traders, large funds or “real money” traders do not have the luxury of being able to turn positions quickly. While I am not privy to...
Forex Trading Confidential: What Makes USDJPY Move? When you see USDJPY move sharply in one direction or the other assume it is being driven by more than just US dollar buying or selling. More often than...