Summary
We will examine several trade examples today so you can see how one simple trick can drastically increase your win rate. Most traders are not aware of the fact that by slightly adjusting your trading strategy it is possible to avoid many losing trades. But you must know the rules for using this trick, we will look at those rules today.Latest Live Videos
Editors’ Picks
USD/JPY trades with positive bias below weekly high ahead of BoJ
USD/JPY regains positive traction during the Asian session, stalling the overnight pullback from the 156.00 neighborhood or a one-week top. As investors look past Thursday's soft US CPI print, the US dollar appears to have stabilized below its weekly high. Furthermore, a positive risk tone is seen undermining the safe-haven Japanese Yen and supporting spot prices. The uptick, however, lacks bullish conviction ahead of the crucial BoJ rate hike decision.
AUD/USD consolidates above 0.6600 amid mixed cues
AUD/USD steadies above 0.6600 during the Asian session following the previous day's two-way price swings and a positive close. Against the backdrop of the RBA's hawkish stance, a positive risk tone is seen acting as a tailwind for the Aussie. The US Dollar, on the other hand, reverses the softer US CPI-led slide and stands firm near the top end of its weekly range, acting as headwind for the currency pair amid China's economic woes.
Gold edges lower despite Fed rate cut hopes on cooling US inflation
Gold price declines to below $4,350 during the early Asian trading hours on Friday. The precious metal edges lower due to some profit-taking and weak long liquidation from shorter-term futures traders.
Bitcoin, Ethereum, XRP face sharp volatility as US posts lowest inflation rate in years
The latest inflation report released on Thursday in the United States sparked a wave of volatility in the crypto markets. The US Consumer Price Index rose 2.7% YoY in November, below forecasts of 3.1%, and lower than September's 3.0% reading, according to the Bureau of Labour Statistics.
Bank of England cuts rates in heavily divided decision
The Bank of England has cut rates to 3.75%, but the decision was more hawkish than expected, leaving market rates higher and sterling slightly stronger. It's a close call whether the Bank cuts again in February or March.
Here is what you need to know on Friday, December 19:
Here is what you need to know on Friday, December 19: