Other opinions on the same debate:
• Richard Olsen: Trading Forex Is A Positive Sum Game
• John Forman: Retail Forex Trading is a Negative Sum Game
When it comes to stocks most investors make the pretense of trying to own value when in fact all they care about is the price of the security. Witness the recent price action in AAPL which has more cash on hand than the US government yet is dumped by the market like some two bit retailer on the verge of bankruptcy.
My point is that in our modern world there are no investors, only speculators. Stock guys can give you a very nice story about growth and valuation but at the first sign of price declines they will bail. ( And please no emails to me about how you are all long term holders. Remember -- long term in asset markets is decades, sometimes centuries). So if everyone is a speculator then you might as well trade in the biggest spec market of them all. At least in FX you won’t have any illusions as to where you stand.
Editors’ Picks
EUR/USD trades with negative bias, holds above 1.0700 as traders await US PCE Price Index
EUR/USD edges lower during the Asian session on Friday and moves away from a two-week high, around the 1.0740 area touched the previous day. Spot prices trade around the 1.0725-1.0720 region and remain at the mercy of the US Dollar price dynamics ahead of the crucial US data.
USD/JPY jumps above 156.00 on BoJ's steady policy
USD/JPY has come under intense buying pressure, surging past 156.00 after the Bank of Japan kept the key rate unchanged but tweaked its policy statement. The BoJ maintained its fiscal year 2024 and 2025 core inflation forecasts, disappointing the Japanese Yen buyers.
Gold price flatlines as traders look to US PCE Price Index for some meaningful impetus
Gold price lacks any firm intraday direction and is influenced by a combination of diverging forces. The weaker US GDP print and a rise in US inflation benefit the metal amid subdued USD demand. Hawkish Fed expectations cap the upside as traders await the release of the US PCE Price Index.
Sei Price Prediction: SEI is in the zone of interest after a 10% leap
Sei price has been in recovery mode for almost ten days now, following a fall of almost 65% beginning in mid-March. While the SEI bulls continue to show strength, the uptrend could prove premature as massive bearish sentiment hovers above the altcoin’s price.
US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets
The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase.
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