Summary
So you are exhausted from following and trading the market manually. You heard that there are 103 CTA currency trading firms managing over $35 billion and that the majority of this amount is using systematic trading solutions. As a manual trader, should you embrace the technology or remain status quo? If you decide to adapt the systematic trading solutions, you must understand the fundamental building blocks to create a profitable trading system. Traders join us for a special webinar presentation presented by Winsor Hoang.
Winsor will raffle one autograph copy of his book during the live webinar. "The Bull, The Bear, and the Baboon – FX Lessons Learned the Hard Way" is nominated as one of the best new Forex trading books in 2014 by FXStreet.
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Editors’ Picks
AUD/USD: Further weakness could retest 0.7000
AUD/USD resumes its decline, leaving behind two daily gains in a row and approaching the area of multi-day lows in the 0.7040-0.7030 band ahead of the opening bell in Asia. Moving forward, the Aussie is expected to remain under scrutiny in light of the publication of the jobs report in Australia.
EUR/USD stays well offered below 1.1800
The selling pressure on EUR/USD is picking up pace, with the pair slipping decisively below the key 1.1800 level and sliding to fresh two week lows as Wednesday’s session draws to a close. The move lower comes as the US Dollar finds renewed strength after the latest round of US data and the release of the FOMC Minutes. Next of note on the docket will be the US weekly Initial Jobless Claims.
Gold battle to regain $5,000 continues
Gold is back on the front foot on Wednesday, shaking off part of the early week softness and challenging two-day highs near the $5,000 mark per troy ounce. The move comes ahead of the FOMC Minutes and is unfolding despite an intense rebound in the US Dollar.
Bitcoin has found or is near a bottom, extended consolidation to follow: K33
Bitcoin (BTC) is nearing or has already established a bottom, which could be followed by a sustained period of slow price movement, according to K33.
Mixed UK inflation data no gamechanger for the Bank of England
Food inflation plunged in January, but service sector price pressure is proving stickier. We continue to expect Bank of England rate cuts in March and June. The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut.
Here is what you need to know on Thursday, February 19:
European Central Bank (ECB) President Christine Lagarde may step down from her job earlier than her planned retirement in October 2027, according to a report by the Financial Times.