It’s Episode 299 of The Traders Podcast, where your host Rob Booker brings you a solocast with the theme of time. Rob reads an incredible e-mail that he received from a son of one of the listeners to this podcast. Rob asks how a trader treats the passage of time. And he strongly counsels traders to stop obsessing about time. Make sure you give this one a listen!
Editors’ Picks
EUR/USD extends losses toward 1.1600 ahead of EU inflation data
EUR/USD extends the decline toward 1.1600 in the European session on Tuesday. The pair remains under pressure as surging energy prices amid the US-Iran war have increased the risks of higher inflation for the Old Continent. The focus is now on the Eurozone preliminary inflation reading for February.
GBP/USD drops back toward three-month lows below 1.3350
GBP/USD is back in the red, accelerating its downside toward the three-month lows of 1.3315 in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar preserves the previous upside.
USD/JPY struggles below 157.50 amid intervention fears, risk aversion
USD/JPY stays defensive below the 157.50 and over a five-week high set on Monday as a dramatic escalation of geopolitical tensions in the Middle East continues to benefit the US Dollar's status as the global reserve currency. The Japanese Yen also benefits from a risk-off market scenario amid looming FX intervention fears, acting as a drag on the major.
Editors’ Picks
EUR/USD extends losses toward 1.1600 ahead of EU inflation data
EUR/USD extends the decline toward 1.1600 in the European session on Tuesday. The pair remains under pressure as surging energy prices amid the US-Iran war have increased the risks of higher inflation for the Old Continent. The focus is now on the Eurozone preliminary inflation reading for February.
Gold weakens below $5,300 as sustained USD buying counter Middle East tensions
Gold attracts some intraday selling and falls around $100 from the daily top, around the $5,380 area. The US Dollar climbs to a fresh high since January 20 and turns out to be a key factor exerting downward pressure on the commodity. However, concerns about a broader regional conflict in the Middle East continue to weigh on investors' sentiment and underpin demand for the traditional safe-haven bullion.
GBP/USD drops back toward three-month lows below 1.3350
GBP/USD is back in the red, accelerating its downside toward the three-month lows of 1.3315 in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar preserves the previous upside.
Stellar risks deeper losses as derivatives metrics turn negative
Stellar is trading red below $0.16 at the time of writing on Tuesday, after a slight recovery the previous day. Weakening derivatives data caps the recovery, while an unfavorable technical outlook projects a deeper correction for the XLM token in the upcoming days.
The market is not panicking it is repricing the probability distribution of Oil and time
At the end of the day, markets do not trade morality or geopolitics. They trade transmission channels. And the only channel that truly matters in this maelstrom runs through the price of energy and the time value of money.
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