You see, you can sit glued to the TV or Internet waiting for any snippet of news, or stare fixated at the price charts instead if that’s what you would rather do; but either way these are not the healthiest of practices. In my humble opinion, we have to except that no matter the amount of news we read or study of charts we engage in, none of us will ever truly know what is going to happen next, so in the long run, relying upon anything but price to tell us what to do often becomes folly. No matter how you decide to interpret the news you read about any given financial situation, when you take action you are placing your trade on your perception of the events and not the reality of price itself, and these are two very different things indeed. (...)
Doing what everyone else does typically only gives us what everyone else gets. That’s always a great point to remember in all walks of life. If that doesn’t resonate with you then maybe think about this. The only reason why markets truly exist is to give people the opportunity to make money; and the best money will always be made when you buy at the lows and sell at the highs. Read More
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REPORT: How to trade the news - Rob Colville
VIDEO: How to Trade Against the Crowd and Make Money Trading News - Boris Schlossberg
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Editors’ Picks
EUR/USD stays below 1.0700 ahead of US data
EUR/USD stays in a consolidation phase slightly below 1.0700 in the European session on Wednesday. Upbeat IFO sentiment data from Germany helps the Euro hold its ground as market focus shifts to US Durable Goods Orders data.
GBP/USD steadies below 1.2450, awaits mid-tier US data
GBP/USD is keeping its range below 1.2450 in European trading on Wednesday. A broadly muted US Dollar combined with a risk-on market mood lend support to the pair, as traders await the mid-tier US Durable Goods data for further trading directives.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Editors’ Picks
EUR/USD stays below 1.0700 ahead of US data
EUR/USD stays in a consolidation phase slightly below 1.0700 in the European session on Wednesday. Upbeat IFO sentiment data from Germany helps the Euro hold its ground as market focus shifts to US Durable Goods Orders data.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold manages to hold above $2,300
Gold struggles to stage a rebound following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% ahead of US data, not allowing XAU/USD to gain traction.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.
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