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Summary
In this session we will examine the "natural" rhythm of the markets. You will see how to determine when the market is ripe for a trade, when the market is moving with strength, and when it is moving with weakness. The advantages you can achieve once you see these rhythms is substantial. You will be able to time your entries more precisely once you uncover just a few of these principles, and apply them to your own trading.
We will also look at the current markets, so bring along your questions so we can look at these charts as well.
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Editors’ Picks
EUR/USD holds above 1.0700 after US inflation data
EUR/USD stays in the lower half of its daily range but continues to trade above 1.0700 in the early American session on Friday. The data from the US showed that the annual Core PCE Price Index declined to 4.9% in April as expected, making it difficult for the dollar to gather strength.
GBP/USD trades above 1.2600 as dollar struggles to find demand
GBP/USD clings to daily gains above 1.2600 and remains on track to end the week in positive territory. The greenback struggles to attract investors after the data from the US showed that PCE inflation softened in April.
Gold pulls away from daily highs, holds above $1,850
Gold has lost its traction in the second half of the day on Friday and declined toward the $1,850 area. The benchmark 10-year US Treasury bond yield staged a modest rebound on the US PCE inflation data, not allowing XAU/USD to preserve its bullish momentum.
Terra’s LUNA 2.0 support expands with Binance and Kraken welcoming the airdrop, here’s how you need to prepare
Terra’s LUNA fork proposal has passed with 65.5% votes, Revival Plan 2 in action without algorithmic stablecoin UST. LUNA price could wipe out losses incurred by holders in the colossal crash of LUNC and UST.
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