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Summary

Many trading texts are devoted to the theme of what makes a successful trader, their qualities, attributes and anecdotal evidence linking a 3 mile run before breakfast to an 8% increase in equity before lunch. I’ve always been more interested in what makes a successful trade, its qualities and attributes. The game is called investing. It’s not a game dependent on the roll of a dice. It’s a strategy game which requires thought. The quality of the judgement that we pass determines the outcome. Join me for a no-holds-barred review of the foreign exchange market at the start of the trading week. Learn to establish bias, define risk, interpret buyer/seller behaviour and execute trades with ruthless precision.
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Editors’ Picks

EUR/USD turns negative near 1.0760

EUR/USD turns negative near 1.0760

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GBP/USD comes under pressure and challenges 1.2500

GBP/USD comes under pressure and challenges 1.2500

GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.

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Gold retreats from highs on stronger Dollar, yields

Gold retreats from highs on stronger Dollar, yields

XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.

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XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery

XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery

XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation. 

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Week ahead – US inflation numbers to shake Fed rate cut bets

Week ahead – US inflation numbers to shake Fed rate cut bets

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