Summary
So you are exhausted from following and trading the market manually. You heard that there are 103 CTA currency trading firms managing over $35 billion and that the majority of this amount is using systematic trading solutions. As a manual trader, should you embrace the technology or remain status quo? If you decide to adapt the systematic trading solutions, you must understand the fundamental building blocks to create a profitable trading system. Traders join us for a special webinar presentation presented by Winsor Hoang.
Winsor will raffle one autograph copy of his book during the live webinar. "The Bull, The Bear, and the Baboon – FX Lessons Learned the Hard Way" is nominated as one of the best new Forex trading books in 2014 by FXStreet.
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Editors’ Picks
Australian Dollar maintains ground amid subdued US Dollar, US Nonfarm Payrolls awaited
The Australian Dollar rises on hawkish sentiment surrounding the RBA prolonging higher interest rates. Australia’s central bank is expected to maintain its current rate at 4.35% until the end of September. US Nonfarm Payrolls is expected to print a reading of 243K for April, compared to 303K prior.
EUR/USD: Optimism prevailed, hurting US Dollar demand
The EUR/USD pair advanced for a third consecutive week, accumulating a measly 160 pips in that period. The pair trades around 1.0760 ahead of the close after tumultuous headlines failed to trigger a clear directional path.
Gold bears take action on mixed signals from US economy
Gold price fell more than 2% for the second consecutive week, erased a small portion of its losses but finally came under renewed bearish pressure. The near-term technical outlook points to a loss of bullish momentum as the market focus shifts to Fedspeak.
Bitcoin Cash could become a Cardano partnerchain as 66% of 11.3K voters say “Aye”
Bitcoin Cash is the current mania in the Cardano ecosystem following a proposal by the network’s executive inviting the public to vote on X, about a possible integration.
Week ahead: BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.