Summary
Many trading texts are devoted to the theme of what makes a successful trader, their qualities, attributes and anecdotal evidence linking a 3 mile run before breakfast to an 8% increase in equity before lunch. I’ve always been more interested in what makes a successful trade, its qualities and attributes. The game is called investing. It’s not a game dependent on the roll of a dice. It’s a strategy game which requires thought. The quality of the judgement that we pass determines the outcome. Join me for a no-holds-barred review of the foreign exchange market at the start of the trading week. Learn to establish bias, define risk, interpret buyer/seller behaviour and execute trades with ruthless precision.Latest Live Videos
Editors’ Picks
AUD/USD keeps range below 0.6700 amid cautious markets
AUD/USD keeps its range trade intact in Asian trading on Wednesday, consolidating the previous drop below 0.6700. Markets turn cautious ahead of the Fed Minutes and Nvidia earnings report, leaving the higher-yielding Aussie on the edge.
NZD/USD buyers test 0.6100 ahead of RBNZ rate decision
NZD/USD is on the bids, testing 0.6100 in the Asian session, awaiting the RBNZ interest rate decision. The RBNZ is expected to keep interest rates steady but Governor Orr's comments will be closely scrutinized for the path forward on rates.
Gold retreats from peak high amid Fed wary stance
Gold price retraces during Tuesday’s North American session after hitting an all-time high of $2,450. Yet it retreated below the April 12 high of $2,431 as the Greenback recovers some ground. The XAU/USD trades around $2,418, after reaching a high of $2,433.
DeFi and Layer 2 coins rally following Ethereum's rise
Ethereum ecosystem tokens have surged following ETH's recent rally after optimism that the Securities & Exchange Commission would approve spot ETH ETFs.
RBNZ expected to keep key interest rate on hold as inflation pressures persist
The Reserve Bank of New Zealand is widely anticipated to maintain the OCR at 5.50%. The language in the policy statement is expected to remain hawkish. The New Zealand Dollar has room to extend its bullish momentum.