PROP FIRM TRADING. PART 2 – My Trading – 24 November 2023

In my first blog post, I provided an overview of Prop Firm Trading. I address fundamental questions, such as what it entails, why it is attractive to beginner traders, and how these proprietary companies operate. I explored in detail the tests and requirements that traders must pass to participate in trading with a proprietary firm.

Japanese Inflation (MoM) Accelerates to 10-Year High, USD/JPY Holds Firm

Japanese Yen News and Analysis Month on month Japanese inflation rose at its fastest pace in 10 years Extreme short yen positioning yes to be tested during thin, holiday affected trading USD/JPY on track for a flat two-day period ahead of Thanksgiving weekend The analysis in this article makes use of chart patterns and key

US Dollar Index (DXY) Unfazed as Business Activity in the US Held Firm

US PMI KEY POINTS: S&P Global Composite PMI Flash (Nov) Actual 50.7 Vs Previous 50.7. S&P Global Manufacturing PMI Flash (Nov) Actual 49.4 Vs Forecast 49.8. S&P Global Services PMI Flash (Nov) Actual 50.8 Vs Forecast 50.4. Employment Declined at US Service Providers and Manufacturers in November for the First Time Since Mid-2020 Amid Tepid

Crude Oil looking to firm up a bounce from $76

Share: WTI prices are up for Friday, but Crude Oil remains significantly down from recent highs. Market fears about declining demand have replaced fears of spill-over from Gaza Strip conflict. Friday bidding likely a spot of profit-taking rather than outright reversal. West Texas Intermediate (WTI) Crude Oil prices have rebounded 2.8% on Friday,

Dow & Nasdaq 100 Hold Firm while Nikkei 225 Drops Back​​​​

Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts ​​​Dow steady around 34,000 ​The index saw its huge rally stall on Monday, perhaps unsurprisingly given the gains made last week and the lack of data during the session. ​The price finds itself above the 50- and 200-day

1.3900 Holds Firm as DXY Retreats, Will 20-Day MA Provide Support?

USD/CAD PRICE, CHARTS AND ANALYSIS: Read More: The Bank of Canada: A Trader’s Guide USDCAD has continued to selloff today following a rejection at the 1.3900 resistance level. The decline in the DXY has helped USDCAD push lower as well in what will be a welcomed by the Bank of Canada and Canadian consumers. In

Asian FX bears firm on Middle East tensions, hawkish Fed fears: Reuters poll By Reuters

© Reuters. FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Upasana Singh (Reuters) – Investors maintained bearish bets on most emerging Asian currencies as an escalation of the Middle East conflict and prospects of higher-for-longer U.S. interest rates pushed them towards safe-haven

Dollar firm ahead of Fed Chair remarks; yen hovers near 150 By Reuters

© Reuters. U.S. dollar banknote is seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/Illustration/File photo By Brigid Riley TOKYO (Reuters) – The dollar held firm against its peers on Thursday ahead of remarks by Federal Reserve Chair Powell as expectations grew that the U.S. central bank will keep rates higher for longer.