Over 20 years in trading
If todays German manufacturing index data is not a warning sign of the biggest posiblle recesion in recent history, nothing is in my point of view. IMF business climate index fell to 86.1 which is the lowest level since August 2009. Also, based on the GDP projection from Klaus Wohlrabe, the World could retun in 30’s crisis and fall in
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The previous weeks were really something in the market, right. Coronavirus disrupt evertyhing and the market volatility went crazy. Intraday moves reached 800 or even a 1000 pips in one direction, mostly back as well in a same day. But, there is more to come for sure, so stay alert on all actions from the central banks, who coordinatelly trying
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Information received since the Federal Open Market Committee met in December indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a moderate pace, business fixed investment and
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At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower
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The ECB kept its deposit rate at a record-low minus 0.5%, and bond purchases at 20 billion euros ($22 billion) a month, sticking to a controversial package unveiled in September. At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending
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Federal Reserve issues FOMC statement Information received since the Federal Open Market Committee met in October indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a strong
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I wrote something about this theme in 2016 since when my view has changed a lot. I prefered intraweek trades in that period, but besides it didn’t suit me, I did it in a wrong way. So which is the best style of trading to make profit from it? Well, after 9 years of full time trading I tried all
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I use to have such a terrible days sometimes, but anger, disbelief or depression would keep me very briefly, an hour the most, after which I would find some new meaning in everything and return faith in myself. For who knows how many times, over and over. 🙂 Never surrender!
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Those up/down quick changes will affect your emotions/psychology and it will force you to make mistakes. That’s what the market is all about. If the market will go streight up or down, everybody will make money easy, right!?
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Forex is a very complicated business in which trader needs to overcome all the difficulties on the way to success. But how much time we need to overcome all the problems and difficulties? If we know that most of the forex traders comes in the market without any knowledge about trading, then we should think like your first year in
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Federal Reserve policy makers lowered their main interest rate for a second time this year by 0.25%, from 2.25% to 2.00% and Chairman Jerome Powell said that “moderate” policy moves should be sufficient to sustain the U.S. expansion. “We took this step to help keep the U.S. economy strong in the face of some notable developments and to provide insurance against
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The Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on themain refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of 0.00% and 0.25% respectively. The Governing Council now
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The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 31 July 2019, the MPC voted unanimously to maintain Bank Rate at 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases,
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