Steve Ruffley
SteveRuffley.com
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Summary
There are many things retail traders hold as gospel. The trouble with trading is that everyone is looking for the edge. As a retail trader if you follow the rules, like 1% capital as a position stop you allow the markets to know your hand. Any volatility above this effects your ability to stay in a trade. Learn how institutional traders take advantage of retail rules.Latest Live Videos
Editors’ Picks
EUR/USD treads water above 1.1850 amid thin trading
EUR/USD stays defensive but holds 1.1850 amid quiet markets in the European hours on Monday. The US Dollar is struggling for direction due to thin liquidity conditions as US markets are closed in observance of Presidents' Day.
GBP/USD flat lines as traders await key UK and US macro data
GBP/USD kicks off a new week on a subdued note and oscillates in a narrow range near 1.365 in Monday's European trading. The mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.
Gold sticks to intraday losses; lacks follow-through
Gold remains depressed through the early European session on Monday, though it has managed to rebound from the daily trough and currently trades around the $5,000 psychological mark. Moreover, a combination of supporting factors warrants some caution for aggressive bearish traders, and before positioning for deeper losses.
Bitcoin, Ethereum and Ripple consolidate within key ranges as selling pressure eases
Bitcoin and Ethereum prices have been trading sideways within key ranges following the massive correction. Meanwhile, XRP recovers slightly, breaking above the key resistance zone. The top three cryptocurrencies hint at a potential short-term recovery, with momentum indicators showing fading bearish signs.
Global inflation watch: Signs of cooling services inflation
Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.
Here is what you need to know on Monday, February 16:
Major currency pairs trade in familiar ranges to start the week as investors stay on the sidelines ahead of this week's key events and macroeconomic data releases. The European economic calendar will feature Industrial Production data for December on Monday. Stock and bond markets in the US will remain closed in observance of the Presidents Day holiday.