Summary
"For years I've worked with many strategies that were simply brilliant but I kept losing and in result kept changing my strategy. Almost after several years wasted and thousands of dollars lost, I found out that leverage was my core problem. In this webinar I'm going to discuss the reasons why Leverage is deadly and how I overcame that problem almost instantaneously." We've brought in trader Navin Prithyani to share his insights regarding Leverage. Navin Prithyani has been featured on various publications online and offline and is known to simplify complex forex trading for everyone to understand. He's also a Premium Speaker and has been among the top ten most viewed webinars and analysis here at FXStreet for the last 2 years. This is a webinar not to miss! Be sure to register and reserve your seat today.Latest Live Videos
Editors’ Picks
GBP/USD recovers above 1.3450 after strong UK Retail Sales data
GBP/USD is recovering ground above 1.3450 in European trading on Friday, helped by a modest uptick in the Pound Sterling after a bigger-than-expected increase in the UK Retail Sales for January. However, the further upside appears limited in the pair amid persistent US Dollar strength and ahead of key UK and US data.
EUR/USD stays weak above 1.1750 ahead of German/ EU PMI data
EUR/USD remains on the back foot above 1.1850 in the European session on Friday, well within striking distance of a nearly one-month low set the previous day. Unabated US Dollar demand and nervousness ahead of the German and Eurozone business PMI data keep the pair undermined.
Gold rises for third day on geopolitical risks, US data eyed
Gold gains some positive traction for the third consecutive day on Friday. The upside potential, however, seems limited amid the mixed fundamental backdrop. Moreover, traders might opt to wait for the key US macro releases – the Advance Q4 GDP report and the Personal Consumption Expenditures (PCE) Price Index – before placing fresh directional bets.
Bitcoin, Ethereum and Ripple remain range-bound as breakdown risks rise
Bitcoin, Ethereum, and Ripple are trading sideways within consolidation ranges on Friday, signaling a lack of directional bias in the broader crypto market. BTC rebounded from key support, and ETH is nearing the lower consolidation boundary, while XRP is holding at its lower trendline boundary.
Hawkish Fed minutes and a market finding its footing
It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and consumer discretionary, while utilities and real estate posted the largest losses.
Here is what you need to know on Friday, February 20:
The US Dollar Index preserves its bullish momentum and fluctuates near 98.00 after touching its highest level in nearly a month on Thursday. Preliminary February Purchasing Managers' Index data from Germany, the Eurozone, the UK and the US will be featured in the economic calendar on Friday. More importantly, the US Bureau of Economic Analysis will publish the first estimate of the fourth-quarter Gross Domestic Product growth data, alongside the Personal Consumption Expenditures Price Index figures for December.