Summary
In this unmissable webinar, Rob Colville (CEO of the globally acclaimed trader training brand, TheLazyTrader.com) will give you a hard-hitting tutorial dedicated to removing your emotions from trading. For many, the emotions of fear and greed lead to self-sabotage in an industry where 92% of retail traders are doomed to fail...without the proper training. Now is your chance to transform what is experienced by most as a loss making disaster into a carefree and relaxing hobby. A central pillar to Lazy Trading, you will be taught the very steps taken by professional traders to ensure that they are able to keep a cool head at all times, even in the face of adversity. You will learn: · Where and why most traders simply go wrong · The pillars of reward/risk · How to minimise the downside and maximise the upside · Your guide to cutting your losing trades early and letting your winners run. · Identify trend-based opportunities with ease Do not miss this rare opportunity – register now. See you on the webinar!Latest Live Videos
Editors’ Picks
AUD/USD stalls near 0.7150 after RBA Bullock's comments
AUD/USD has paused its uptick to near 0.7150 in the Asian session on Thursday, at a three-year high. Cautious remarks from RBA Governor Bullock seem to cap the Aussie's upside. However, renewed US Dollar weakness cushions the pair's downside ahead of US Jobless Claims data.
USD/JPY returns to the red below 153.00 after Japan's verbal intervention
USD/JPY attracts fresh sellers and falls back below 153.00 in the Asian session on Thursday. The US Dollar reverses the strong jobs data-led recovery, weighing on the pair amid the ongoing bullish momentum in the Japanese Yen, helped by Japanese verbal intervention. Japan's PM Sanae Takaichi's landslide election victory also keeps the local currency buoyed. The attention now remains on Friday's US Consumer Price Index inflation report.
Gold remains on the defensive below two-week top; lacks bearish conviction amid mixed cues
Gold sticks to modest intraday losses through the Asian session on Thursday, though it lacks follow-through selling and remains close to a nearly two-week high, touched the previous day. The commodity currently trades above the $5,070 level, down just over 0.20% for the day, amid mixed cues.
UK GDP set to post weak growth as markets rise bets on March rate cut
Markets will be watching closely on Thursday, when the United Kingdom’s Office for National Statistics will release the advance estimate of Q4 Gross Domestic Product. If the data land in line with consensus, the UK economy would have continued to grow at an annualised pace of 1.2%, compared with 1.3% recorded the previous year.
The market trades the path not the past
The payroll number did not just beat. It reset the tone. 130,000 vs. 65,000 expected, with a 35,000 whisper. 79 of 80 economists leaning the wrong way. Unemployment and underemployment are edging lower. For all the statistical fog around birth-death adjustments and seasonal quirks, the core message was unmistakable. The labour market is not cracking.
Here is what you need to know on Thursday, February 12:
The United States (US) released stronger-than-expected US Nonfarm Payrolls report for January, adding 130K jobs in quite an auspicious start to the year, while the Unemployment Rate ticked lower to 4.3%, and Average Hourly Earnings held steady at 3.7% over the last twelve months.