Weekly Market Recap (28-01 September)

[ad_1] 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

Weekly Market Outlook (04-08 September)

[ad_1] 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

Why we don’t use Martingale/Grid – Trading Systems – 3 September 2023

[ad_1] 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

USOIL forecast – Analytics & Forecasts – 3 September 2023

[ad_1] USOIL raised from 66USD to 86.24 USD last Friday,  but I forecast  that Curde OIl will continue to raise more. As you see the below chart, the blue bar points out the main bottom of the USOIL , it already perfectly pointed out  the prev two big bottoms of US OIL at 2016 and 2020

Bollinger Bands Secrets! – Analytics & Forecasts – 2 September 2023

[ad_1] 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

The dot plot comes into focus as the market prices out a September Fed hike

[ad_1] The September dot plot is always the most-interesting one of the year because it’s the closest thing to forward guidance that the FOMC offers. Officials are required to place a year-end dot but there are only two meetings left so it basically says what they expect to happen in the next two meetings. Now

Description UPD1 Trade Panel Friendly – Other – 1 September 2023

[ad_1] UPD1 Trade Panel Friendly MT4 UPD1 Trade Panel Friendly MT5 (not done yet, no comments) Contents: Panel view (description of buttons) Information window description Visual Settings Panel Position – panel location Left Down Horizontal Left UP Horizontal Left UP Vertical Right UP Vertical Color Theme Auto – tracks the tone of the background color