To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture as the US Dollar strengthens and Treasury yields rise
Tag - trading strategy
Are you aware of the recent crackdown by the SEC on major cryptocurrency exchanges, Binance US and Coinbase? Surprisingly, savvy Bitcoin traders seem unfazed, as options-based implied volatility metrics indicate. It appears that the lawsuits were anticipated and already factored into the market. Implied volatility reflects investors' expectations of price turbulence, but little evidence of heightened concern exists.
Even though we've only witnessed sluggish movements from the Dollar over the past few weeks, the general idea and bias still seem intact and untampered. The bullish impulse however can be seen as "searching for support".
Sometimes a chart or a candlestick pattern may provide a decent entry signal if it is located at a certain level. A pin bar is one of the most reliable and famous candlestick patterns, and when traders see it on the chart, they expect the price to change its direction soon.
Among hundreds of different indicators and technical tools for traders, the relative strength index (RSI) is one of the most popular due to its simplicity and, at the same time, its power in various trading cases. In this article, we want to tell you about another powerful tool similar to RSI but with some cool tweaks.
There are a lot of valuable strategies that require the knowledge of candlestick patterns and oscillators. However, not of them are profitable. When you start trading with them, you can face situations when the strategy is not moving your way.
Most traders prefer to trade using technical indicators like RSI and MACD. Others love using a bare chart to make their decisions.
Every trader is different. Still, it's possible to unite them into categories. In particular, it's possible to distinguish between system traders and discretionary traders.
Trading requires managing several important things.
NFP is one of the most awaited American indicators. However, it seems to be overshadowed by recent events including rising inflation and the commodity crisis.
Wars start and end, centuries change and the metals stay the best safe-haven assets to invest in. Why are they so recognizable among investors?
This article describes the strategy known as ‘Method Jarroo’. It is based on the concept of price action but with some unique features. Are you interested? Then, let’s explore this strategy!