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US OPEN
US equity futures lower whilst DXY is flat, reports suggest that White House aides have drafted a proposal to impose tariffs of around 20%
Good morning USA traders, hope your day is off to a great start! Here are the top 6 things you need to know for today’s market.
6 Things You Need to Know
US Treasury Secretary Bessent said President Trump will announce reciprocal tariffs at 15:00EDT/20:00BST on Wednesday.
US President Trump says maybe Tuesday night or Wednesday you will see tariff details and we are going to be nice in comparison to other countries, adds in some cases maybe substantially lower.
European bourses gain and reside near session highs whilst US futures trade modestly on either side of the unchanged mark.
USD slightly lower but with price action fairly contained ahead of “Liberation Day”, EUR little moved by EZ HICP.
Bonds bid into April 2nd but USTs and Bunds remain around/shy of Monday’s peaks.
Choppy trade for the crude complex, but base metals largely supported by Chinese Manufacturing PMI.
Gold Hits Fresh Record as U.S. Tariffs Loom
Gold prices extend their rally on Tuesday, hitting a fresh record as fears of a widening trade war ahead of U.S. President Trump’s tariff rollout drive a rush toward the safe-haven asset. In early trade, futures rise 0.3% to $3,159.30 a troy ounce, after reaching a high of $3,177 a troy ounce earlier. “Given the general risk-off tone and stagflationary fears, gold put in its best quarterly performance since 1986,” analysts at Deutsche Bank Research say. Gold is up more than 19% so far this year, as fears of an escalating global trade war and central-bank buying boost its appeal as a hedge against geopolitical and economic instability. Traders are now bracing for Trump to unveil reciprocal tariffs on U.S. trading partners on Wednesday, fearing that the new levies could hurt global growth and drive up inflation.Gold Technicals:
Dollar struggles for direction before Trump’s reciprocal tariffs, awaits data
Investors brace for Trump’s reciprocal tariffs
Markets subdued amid uncertainty
Euro drops as markets bet on a rate cut in April
Aussie flat after RBA decision
Markets will monitor the U.S. Job Openings and Labor Turnover Survey (JOLTS) and the ISM manufacturing index later in the session, both of which could provide further insights into how uncertainty in U.S. trade policy is hurting the economy.
Trump announced late on Sunday that virtually all countries would face new tariffs this week, though he provided no specific details, leaving currency markets in a cautious, subdued state.
European Commission President Ursula von der Leyen said EU was open to negotiations with the U.S. on trade, but would retaliate strongly if necessary.
The dollar index DXY, which measures the U.S. currency against six rivals, was 0.05% higher at 104.24.
DXY Technicals
XAUUSD 4 HOUR – The Power of 50
So let’s keep this simple
Keeps a bid as long as 3100 holds as support.
Only key resistance is the new record high (3148)
3150 (“50” level) is the next potential pause point… I always pay attention around the 50 level and the new record high at 3148 suggests a potential pause or at least a breather.(beyond that 3200 would come in the radar..)
–
Using my platform as a HEATMAP shows
… a calm before the Liberation Day storm
Dollar more or less steady and cautious
EURUSD 1.08 has traded for 8th day in a row
USDJPY backed away from 150 but still well above yedterday’s 148.70 low
U.S. bond yields lower (10 year 4.18%)
U.S. stocks cautious
Gold sets another record high
Looking ahead, US ISM PMI
DAX – ger30
DAX opened with a gap to the upside.
Facing resistance at 22.500, with another one at 22.700
Unless some miracle happens it should fail and go for 21.750
Even if it is meant to continue being bullish, it has to take some time in yoyo-ing , and to form a new base for continuation of the uptrend.
I am mostly interested to see how 21.750 will act.
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What is Risk Management in Trading – Forex Forum
For any trader, managing risk is essential to success. But what exactly is risk management? In this blog post, we’ll explore what risk management is and how it can help you become a successful trader.
We’ll also look at some common mistakes that traders make when it comes to managing their risks. After all, if you’re not managing risk appropriately, you’re just a gambler. So if you’re ready to learn more about risk management, read on!
What is Risk Management in Trading?
Risk management is the process of assessing, controlling, and managing risk within a trading portfolio. This involves defining trading goals and understanding potential losses that could occur as part of the trading process.
It also includes identifying potential risks, such as market volatility or sudden changes in the market, understanding how these risks can affect your profits, and taking steps to limit potential losses.
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In general, risk management should be a priority for all traders. By properly managing your risks and using effective strategies, you can minimize potential losses and increase the chances of making successful trades.
Common Mistakes When Managing Risk in Trading
Unfortunately, many traders make mistakes when it comes to managing their risks. Here are some of the most common mistakes that traders make when it comes to risk management:
Not Setting a Trading Plan:
Many traders don’t have a detailed trading plan, which is a key component of risk management. Without a trading plan, traders are more likely to take risks that could have otherwise been avoided. It’s important to establish clear trading goals and a plan for how to reach those goals.
Not Understanding Risk:
Many traders fail to understand the risks associated with certain trades, which can lead to serious losses if they don’t take the time to research and understand the risks involved. It’s important to have a thorough understanding of the markets you’re trading in before taking any risks.
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Not Taking Advantage of Stop Losses:
Stop losses are an essential component of risk management, as they help to limit potential losses in the event of a market downturn or sudden changes in the market. However, many traders don’t take advantage of stop losses and end up taking larger risks than necessary.
Over-Trading:
Over-trading is a common mistake made by many traders. This involves taking too many trades, which can lead to losses if the market turns against you. Look, all traders love the price action. It’s exciting to take a position and watch your P/L go up and down. But don’t become addicted to the price action for the sake of just having a position. It’s important to only take trades when the setup is right and avoid over trading.
Not Diversifying Risk:
Diversification is another important part of risk management. By diversifying your trades, you can spread out risk and limit potential losses if the market turns against you.
Why is Risk Management Important in Trading?
Risk management is a critical factor in success when trading in the markets. It involves understanding and controlling what could potentially impact your trades and actively analyzing scenarios that may occur.
Without proper risk management, traders are leaving themselves vulnerable to potential losses which could be catastrophic for their investments.
Good risk management also allows traders to effectively assess opportunities and make better decisions that take into account volatility or leading indicators of future market performance.
Simply put, risk management can provide peace of mind so traders can enjoy the highs of profitable investments while minimizing losses when markets start to dip.
What are Some Common Risk Management Strategies?
Common risk management strategies used by traders include setting stop-loss orders, limiting capital exposure, and diversifying investments to minimize volatility.
Another essential approach for traders is to set predetermined targets for both profits and losses to help stabilize your exposure. To further limit potential losses and maximize gains, traders should always be aware of economic news and other world events that might affect the market.
How to Implement Risk Management in your Trading Plan
Implementing effective risk management into your trading plan is incredibly important for successful and profitable trading. It can help you to control the amount of draws you take in any given trade, and it can also protect against large losses which could potentially wipe out your entire trading account.
A good risk management plan should include determining the amount of capital at risk on each trade, setting predetermined stop-losses to limit downside exposure, and having a strict, disciplined approach towards minimizing losses:
never increasing position size
never risking more than you are comfortable with, and always controlling potential risk-reward ratios.
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Taking the time to set up a comprehensive yet flexible risk management plan will put you in a better position when it comes to positive returns in the long run.
Risk management is an important part of trading. It allows you to trade with less stress and more confidence. There are many different risk management strategies, so it is important to find one that fits your trading style.
Proper risk management can help you make money in the long run by preserving your capital and preventing you from making careless mistakes.
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