Greg Michalowski
Independent Analyst
Summary
Trading is not gambling. When i think of gambling, I think of betting black or betting red on a roulette wheel. Either you are going to win or you are going to lose. That is how I feel before a key economic event or release. Should retail traders take that bet? Should they risk it all on a red or black result? Greg Michalowski, Director of Client Education and Technical Trading at Forexlive.com and author of Attacking Currency Trends gives his views on trading key events and releases and outlines his steps that will take the gamble out of your trading.Latest Live Videos
Editors’ Picks
EUR/USD consolidates below 1.0900 following Wednesday's rally
EUR/USD trades in a tight range below 1.0900 after registering impressive gains on Wednesday. The US Dollar stays resilient against its peers following the CPI-inspired selloff as investors await mid-tier data releases and comments from Fed officials.
GBP/USD corrects lower after testing 1.2700
Following Wednesday's upsurge, GBP/USD stretched higher and touched a fresh multi-week high at 1.2700 in the Asian session on Thursday. With the market focus shifting to US Jobless Claims data, the pair corrects lower in the European trading hours.
Gold finds resistance near $2,400, retreats toward $2,380
Gold advanced toward $2,400 on Wednesday as US Treasury bond yields pushed lower following the April inflation data. The modest rebound seen in yields combined with the US Dollar's resilience, however, causes XAU/USD to retreat toward $2,380 ahead of US data.
Bitcoin likely to return to all-time high of $73,949, QCP Capital says
Bitcoin (BTC) price is likely to rally back to $74,000 in the coming weeks, it's all-time high reached in March, riding on three bullish catalysts, according to crypto trading firm QCP Capital.
Dow Jones Industrial Average soars 350 points, sets new all-time high as rate cut hopes surge
The Dow Jones Industrial Average clipped into a fresh all-time high on Wednesday, gaining almost nine-tenths of a percent during the US market session after US Consumer Price Index inflation slipped further back.