While the US and Canada are out on holiday today: the UK and Europe are open as normal. There are European Central Bank speakers on the agenda as follows: 1330 GMT, 0930 US Eastern time: Speech by ECB President Christine Lagarde at the Distinguished Speakers Seminar organised by the European Economics & Financial Centre 1400
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from August 28 to September 1, 2023. Markets have been highly volatile sometimes, but let’s talk about everything in order. For convenience and timely receipt of signals I use
Monday: BoJ Governor Ueda spoke on the weekend at the Jackson Hole Symposium and leant again on the dovish side: We think that underlying inflation is still a bit below our target. This is why we are sticking with our current monetary easing framework. BoJ Governor Ueda China halved the stamp duty on stock trading
UPCOMING EVENTS: Monday: US and Canada Holiday. Tuesday: China Caixin Services PMI, RBA Policy Decision. Wednesday: Eurozone Retail Sales, US ISM Services PMI, BoC Policy Decision. Thursday: China Imports/Exports data, Switzerland Unemployment Rate, US Jobless Claims. Friday: Japan Wage data, Canada Jobs Report. Tuesday The RBA is expected to keep the cash rate unchanged at
Many traders like to use Martingale/Grid strategy, when the price drop , they increase position, sometimes double lost positions, so the floating negative P/L will be immediately reduced. They hope the price will go up soon, but is Martingale/Grid good to use ? I afraid not. you will get very good P/L curve using Martingale/Grid strategy
Bollinger bands are a volatility indicator, used by traders to identify areas of support and resistance and areas in which an asset might be experiencing increased or decreased volatility. Bollinger bands are calculated from three lines drawn onto a price chart. The first is the simple moving average (SMA) of an asset’s price over a