British Pound Latest GBP/USD Pushes Higher on UK Jobs Data

British Pound Latest GBP/USD Pushes Higher on UK Jobs Data

The British Pound continues to rally against the US dollar. On Tuesday, the latest jobs data helped propel the pound higher. But despite the impressive numbers, the British pound is still down more than 15% on the year. This has led analysts to believe that the currency is underperforming. If the pound doesn't start to recover, it could slip to parity with the US dollar.

It's no secret that the UK economy is weaker than it was before the vote to leave the EU. While the UK economy has been growing, it is not nearly as fast as the U.S. Currently, the UK has the lowest growth rate of any European country. Meanwhile, consumer prices have risen, which means real wages are falling. These conditions are exacerbating the cost of living crisis for households in the UK.

The UK economy is still vulnerable to a recession. Although there have been several signs that the economy has been picking up, business activity is weakened due to strikes and the repercussions of rising interest rates. A recent report indicates that the fiscal deficit is larger than it was previously expected. That means there are additional pressures on the Bank of England to raise interest rates, which could lead to more pressure on the pound.

The UK economy is a bit of a mystery, especially when it comes to growth. Most economists agree that GDP growth will be slowing. There is also the matter of inflation. The headline inflation rate was expected to fall from 7.7% to 7.3% in November. However, the BoE says inflation is more modest than previous estimates. Therefore, it's likely that the Bank of England will hike interest rates again in the near future.

Another gimmick that the UK can claim to have is a positive Citi Economic Surprise Index. This index tracks the country's economic activity and measures upside surprises. In the UK, this means that there was a surprise in the latest employment data, although it was small.

Looking ahead, the BoE will hold an interest rate decision on Wednesday. It's expected to raise interest rates by half a point to 4.0%. Since the BoE is much less hawkish than its peers, the market is skewed towards the dovish side. During the previous six rate-raising meetings, the BoE raised interest rates by 25 basis points. Despite this, the markets expect only a slightly lower rate hike this time.

Investors will be paying close attention to the US inflation rate, which is a key indicator of the Fed's next move. If inflation slows, then the Fed will have to make a more conservative hike. As the Fed is not known to be a dovish central bank, this could lift the dollar.

The FT reported that UK tax hikes and spending cuts worth GBP50bn will be implemented. However, this is unlikely to solve the problem of high unemployment. Also, the cost of living crisis is growing, as the government isn't providing adequate help to the poor. This is a factor that has been driving the currency's underperformance.

A Guide to Trading Psychology

A Guide to Trading Psychology

If you're interested in trading, you've probably heard about the concept of trading psychology. It's an important subject, and can have a profound effect on your overall success. However, it's important to realize that this is a complex topic. Fortunately, there are some useful strategies to help you navigate the waters.

While you're developing your own trading psychology, you'll need to develop several key skills. The first is to recognize and understand your own personality. This will help you mitigate the effects of your underlying traits and biases. You'll also need to find a way to stay focused and disciplined.

You should also focus on learning to manage your emotions. Almost all trading decisions will involve at least some emotions. And, while some emotions can be helpful, others can be harmful. For instance, fear is a common emotion and can drive investors to take premature trades. Likewise, impatience can lead to bad trading decisions.

In the end, you need to be able to control your emotions in order to achieve your financial goals. Luckily, you can practice some simple behavioral techniques. By using a few key tools, you'll be able to minimize the negatives and maximize the positives of trading.

A good start is to commit to the process. Practicing is the best way to improve your skills. To achieve this, you should commit to regular physical activities such as walking and meditation. These activities will reset your mind and allow you to better focus on your trading strategy.

As you learn more about the subject of trading psychology, you'll become more aware of what to expect and what to avoid. This will not only help you make better decisions, but it will also make trading less stressful.

Traders should also consider the science of mindfulness. It's an excellent idea to learn how to focus on the things that matter most in life. Some examples include recognizing the advantages of a small amount of capital and identifying what is the most important goal in your trading.

Learning the best strategies to manage and overcome your emotions will be a key part of your success. Having a clear vision of your ultimate trading goals will also keep you focused. Once you've mastered this, you'll be well on your way to becoming a successful trader.

A Guide to Trading Psychology is a valuable tool for both novice and experienced traders. It's a must-read for anyone who's serious about trading. Whether you're just getting started or a seasoned pro, this book will answer the most important questions you have about the subject. Using a few of its tips and tricks will give you a leg up in your quest to be a more successful and profitable trader.

One of the best ways to learn is to apply the lessons of the trade to your own situation. For example, you can use the techniques in the book to transform your fear of loss into a success mindset.

Gold Builds Range But Fed Rate Decision and Recession Risk Adding Pressure

Gold Builds Range But Fed Rate Decision and Recession Risk Adding Pressure

Gold prices have built up a strong price range this year. The biggest factor weighing on the commodity's price was the Federal Reserve's aggressive fight against inflation. However, the Fed's rate decision and the risk of a recession add pressure to the gold market.

The Fed increased its benchmark lending rate by 75 basis points for the third time in four years. This marks the toughest policy move in the 1980s. It puts the Fed in a position of battling the worst recession since the Great Recession of 2007. Ultimately, the Fed's decision will likely deepen economic pain for millions of Americans.

While the economy is slowly recovering, the Fed will continue to aggressively fight inflation. Among other things, the Fed has begun to purchase Treasury securities and reinvest only a portion of its maturing securities. These purchases allow the central bank to meet its demand for currency while keeping its asset holdings as a percentage of GDP relatively unchanged.

In its forecast, the Fed projects that inflation will remain below its 2 percent target until 2025. For that reason, the Fed has pushed the upper bound of its benchmark range higher. By the end of the year, the forecast shows inflation will be at 2.2%.

The FOMC will announce its latest decision on Wednesday, September 20. The committee's meeting begins at 2:00 p.m. and will be followed by a press conference from Fed Chair Jerome Powell. Most economists expect the Fed to raise interest rates by 75 basis points. That would raise the policy benchmark range to 3% to 3.25%.

The FOMC's decision will put the dollar on edge, and the dollar-gold correlation could strengthen. But with inflation still a major factor, it's possible that gold will suffer less than when it sold off in 2022.

As the dollar and US interest rates rise, investors will feel the need to buy safe-haven assets like gold, and those holding non-yielding assets may lose their incentive to hold those assets. Those who hold gold should be cautious, though, because the price can continue to rise exponentially as more and more investors exit the market.

The FOMC will likely remain united behind Chairman Powell's fight against inflation, and the FOMC's outlook will indicate that price pressures will continue to be a driving force in the Fed's monetary policy. However, the FOMC will also provide some less hawkish guidance, such as the addition of "over time" to its inflation rate target.

The Fed will also continue to purchase Treasury securities, but in smaller amounts. By 2022, the Federal Reserve plans to reduce its balance sheet through quantitative tightening. At the same time, the Fed is expected to maintain a relatively low federal funds rate. If the economy continues to struggle, the Fed may not be able to ease its monetary conditions.

Although inflation is still the main factor driving Fed policy, the potential for a recession next year may lessen the negative impact of its elevated interest rates. Likewise, if the US economy slows down, the Fed will be less tasked with fighting against weak economic data, and the dollar will strengthen.

A Guide to Trading Psychology

A Guide to Trading Psychology

Taking the time to learn about trading psychology can make a huge difference to your trading success. It can help you make better, more informed decisions and solve problems with your new mindset.

Getting a handle on your emotions is the first step to mastering trading psychology. It is important to be able to recognize and manage negative feelings as well as positive ones. It is also necessary to arm yourself with the right tools and strategies. A good trading plan can overcome impatience, negativity, and cognitive biases. You can learn to accept losses, which is a key part of any trading career.

You will also learn how uncertainty impacts your decision making and how it affects your ability to trade. Learning about how emotions, thought, and perception interact with each other can help you mitigate underlying personality traits that may be a hindrance to your success.

The best traders owe their success to a healthy emotional control. Having a mentality that focuses on positivity will boost your confidence, while maintaining a sense of calm and level-headedness will help you stay steady in volatile markets.

The biggest emotion in trading is greed. This is usually experienced in the end of a bull market. Traders' greed can be a motivator for taking risky positions. However, it can also be a hindrance to your success if you allow it to get the best of you.

Another psychological phenomenon is the sunk cost fallacy. It is a cognitive bias that causes individuals to favor the status quo trading strategy, rather than adapting and improving. It can be a cause of pessimism or snowball losses. It can also lead to incorrect trading techniques and strategies.

Developing a positive mindset about trading will improve your results in the long run. This book discusses the importance of a good trading plan, how to deal with losing trades, and how to maintain your momentum. It is also a good source for information on the science behind psychology and stock market trading.

You will learn how to build self-discipline and overcome impatience. It is important to remember that trading is a game of your mind. You need to focus on consistency over a number of trades. If you are not disciplined, you will find it difficult to stick to a trading plan.

You will also learn about disruptive personality traits that can impede your trading efforts. You will also learn about productive personality traits that can help you succeed in other areas of your life.

You will learn about the three essential pillars of a successful trading career: technology, strategy, and mind. The book covers this complex topic in an impactful, easy-to-understand way. This book is a good read for novice and experienced traders.

Learning about the science of psychology will also help you identify the traits that are most likely to help you succeed. In fact, most professional poker players have a deep understanding of the psychology of consistent playing.

A Guide to Trading Psychology

A Guide to Trading Psychology

Having a good grasp of trading psychology is an important component of any trading plan. This is because your mind plays a big part in determining how well you do in the stock market. It is also essential to understand the impact of biases and other gremlins on your ability to make rational decisions.

A guide to trading psychology will help you understand how to control your emotions so that you are able to make more rational decisions. It will also help you avoid making mistakes that cost you money. In addition, it will help you learn about the different types of trader behaviors and how they can affect the markets. The best traders have emotional control.

It is important to remember that trading is a risky endeavor. You will experience losses. However, it is important to understand that these losses are a part of the process and not a part of your overall success. The best traders are able to learn from their mistakes and move on to the next trade.

A good trading plan will include a stop loss for each deal. You should also set a backup plan to avoid losing money. You should also have a hobby to distract you from the negative aspects of trading.

It is also important to remember that you are dealing with a fickle market. If you see a sharp drop in the value of your stock, you may panic and want to sell it now. In addition, you may be tempted to hold on to a winning position longer than necessary. This can have a negative impact on your trading strategy.

The best way to learn more about trading psychology is to read up on the various articles that are available. You will also find that experienced traders are able to give you valuable insights about their own trading techniques. It is also important to remember that learning is a process that takes time. A good strategy should be able to deliver an edge, and the more time you spend in the market, the better your chances are of closing deals.

It is also important to understand the different types of biases and other gremlins that can affect your ability to make rational decisions. One example is the sunk cost fallacy, which is a cognitive shortcut that causes individuals to favor the status quo trading strategies. This may cause you to make the wrong decision in a trade.

The best way to avoid making a trading mistake is to arm yourself with the right tools. You should also consider your own strengths and weaknesses. You should also be ready to make changes if they are necessary.

Taking the time to learn about trading psychology will help you understand the difference between the various types of behaviors and how they affect the markets. It will also teach you about the different types of trader behaviors and help you develop a plan for improving your skills.

The New York Session: Forex Trading Tips

The New York Session: Forex Trading Tips

Whether you're a novice or a seasoned trader, it's important to know how to navigate the New York session. With so many different trading options, knowing how to find the best opportunities is key to making the most of your time. It's also important to know the risks associated with different trading strategies. Fortunately, there are several strategies that can help you make the most of your trading opportunities.

First of all, you should know the best time of day to trade. The first few hours of the New York session are regarded as the most liquid. This is due to the presence of a large number of traders. Because of this, you should be able to find opportunities for trading almost any pair. This is particularly true if you trade the major pairs.

Second, you should be aware of the spreads that are available for the major currencies. This can vary from one trading session to the next. In general, you'll find that the spreads on the major pairs are the tightest during the US session. However, these spreads may widen in the late morning or early afternoon during the overlap.

The US dollar is the primary currency used in forex trading. 85% of all trades involve the dollar. It is also the most traded currency worldwide. This makes it a popular base currency for other pairs. The dollar's value can also be affected by acquisitions or mergers.

The best time to trade the major currency pairs is during the first few hours of the New York session. This is also the time of day when most economic reports are released. These reports can move the markets in a big way.

You can use a range trading strategy to take advantage of this. This strategy involves setting a target limit on how much you're willing to risk for each trade. When you're able to set a limit, it's much easier to make sure you're maximizing your profits.

You should also make sure you're avoiding any exotic pairs. Depending on your personal tastes, this might mean you need to avoid trading the EUR/USD, AUD/USD, or USD/JPY. The GBP/USD is a safe haven asset for New York session traders. This pair acts as a barometer for the health of the economy.

Finally, it's important to know which currency pairs have the best liquidity. The US dollar is the most liquid currency, but many of the major pairs are also very liquid. These include EUR/USD, AUD/USD, GBP/USD, and USD/JPY. If you're a trader looking to take advantage of Japanese economic growth, then the USD/JPY might be the best choice.

The New York session is the longest of the four forex trading sessions. It begins at 8:00 am EST. This is when most of the financial institutions in the city open their offices. However, the session doesn't cover the entirety of New York City. This means that you might be missing out on opportunities in other regions of the city.

Top 8 Forex Trading Strategies and their Pros and Cons

Top 8 Forex Trading Strategies and their Pros and Cons

Whether you're a beginner or an experienced trader, there are several ways to approach the forex market. However, before you can choose which forex trading strategy is right for you, it's important to consider your goals. In this article, you'll learn about eight different strategies and their pros and cons. By learning about these techniques, you'll be able to make more informed trading decisions.
One of the simplest ways to trade the forex market is through trend trading. It involves finding the smallest price movements and putting them to use. This means that you'll need to look for the lowest lows and the highest highs. Once you have these levels, you'll be able to enter a trade at the best point.
Another way to approach the forex market is to use carry trades. This involves borrowing a currency at a lower rate, then investing in a currency with a higher rate. The higher rate allows you to earn more than you would have invested in the currency originally. This is an attractive strategy for those with a longer time horizon. However, carry trades have their pros and cons.
Another forex trading strategy is a breakout trade. This involves taking advantage of a price break through a support or resistance level. This can be very profitable if done correctly. You'll also need to keep an eye out for major news stories that could cause a chain reaction and affect currency prices.
You'll also need to make sure that you're using the right forex broker. It's a good idea to use Audacity Capital, a broker that will give you access to the resources you need to trade successfully. You'll also need to learn how to read charts and understand how they work.
There are several different techniques for interpreting charts. Using the right technique will help you determine which direction the market is moving and when to buy and sell. You can also use flag patterns. This type of pattern shows a counter-trend move after a sharp directional move. Flag patterns typically involve five to twenty price bars. Depending on your style of trading, you can either use upward trending (bullish flag) or downward trending (bearish flag) patterns.
Another forex trading strategy is to use head and shoulders points. This technique involves drawing a line through the top and bottom points on a price chart. This is a great way to determine whether a currency is going to trend upward or downward. However, it's important to keep in mind that head and shoulders points are long-term price levels. You'll need to be patient to identify them.
Finally, you can try range trading. This strategy only works in markets that are relatively stable. In order to use range trading, you'll need to spend a considerable amount of time. However, it is a good strategy for beginners.
One of the reasons that range trading isn't ideal in volatile markets is that the price may not be reaching its top or bottom point. When you see a large gap between the top and bottom of the price range, it's a sign that a price is oversold or overbought. You'll also need to keep an open mind when making trades.
FIBOGROUP IS A GOOD BROKER, OBJECTIVE REVIEWS

FIBOGROUP IS A GOOD BROKER, OBJECTIVE REVIEWS

Real reviews about FIBO Group about the forex company

Is Fibogroup a good forex broker? Certainly. The company was established in 1998 and has since been regulated by CySEC and the FSC. It offers trading services in the Forex market as well as spot metals, commodities, CFDs and Bitcoin, among other things. If you are looking for a broker that specializes in these assets, FIBO Group is the perfect choice. It also has competitive trading conditions and social trading capabilities.

Video with real Fibo forex reviews

Link to video: https://www.youtube.com/watch?v=rxIEZZ0Jyl0

Channel link: https://www.youtube.com/playlist?list=PLICpPxHeAyjmmpVWoz8gWdAi2M-VR_sKx

Official site FIBO Group offers a variety of trading platforms including Metatrader 4 and Metatrader 5 as well as the cTrader platform. The cTrader platform is compatible with cAlgo, a trading robot and customizable indicators. This add-on supports technical analysis and the C# language. Its C-Trader software is compatible with mirror trading. Its a good choice for people who prefer to trade in small batches.

FIBO Group also offers PAMM (pay-as-you-go) services, which are excellent for those who want to automate their trading process. The platform offers signals and automated trading. You can also find a community of traders who use FIBO Group's Umstel trading strategy. These strategies are meant to give you an edge in the exchange and over-the-counter markets. They have a reputation for helping traders achieve their goals.

FIBO Group also offers many advanced trading options, including a cTrader platform compatible with the cAlgo add-on. You can create custom indicators or trading robots using the cAlgo add-on, which is compatible with Metatrader 4 and Metatrader 5 platforms. Using cAlgo is particularly helpful if you use it to conduct technical analysis and a computer language. The cMirror software enables easy compatibility with mirror trading.

Oil and gas prices in 2020 in South Africa

Oil and gas prices in 2020 in South Africa

There is a lot of talk in the media, but not much analysis of what the future of oil and gas prices in South Africa will be. What is clear is that there will be some change to the way the industry works as the demand for energy continues to rise. The fact that there are so many new oil and gas exploration rigs in operation all around the country is also encouraging. However, these changes will not happen overnight and will take some time before they can really reap any benefit to consumers. What it is important to remember is that the biggest change to the oil and gas industry in South Africa may not come from any one company but rather from the changes that will be coming from all the different players. The big players and the ones that are well known such as Shell, Exxon and Total will continue to dominate, but there will be new competition opening up and that could mean a lower price. In a report on the future of oil and gas prices in South Africa, some things that have been confirmed include the need for more infrastructure, the use of carbon capture to reduce emissions, and the use of geothermal and hydroelectric power. These will all help to reduce the amount of coal needed to produce energy. In some places, where fossil fuel production is being curtailed, this is of course causing an increase in the price of oil. However, there are also opportunities for new players in the oil and gas industry who will offer competitive prices and better value for money for consumers. This should hopefully lead to the continuation of an industry that continues to grow steadily and provide jobs and industries with the infrastructure needed to create a better future for the future. There are many other changes to oil and gas prices in South Africa to expect in the years ahead, and the future for this industry is certainly not looking good. However, the industry is in the process of being transformed and is starting to become more environmentally conscious. It is certainly likely that this will lead to some lower prices in the long run, which will benefit all consumers in South Africa. So, if you want to get the best deal in South Africa and if you want to help ensure that everyone has a better future, then you need to take a look at what is happening in the oil and gas industry now. It will provide you with the opportunity to see the changes that are on the way and also see what it takes to get an affordable price. In doing so, you will not only benefit yourself but those around you as well.
Spot Metals Market in South Africa

Spot Metals Market in South Africa

The Spot Metals market in South Africa is not only expanding rapidly but also becoming the main source of wealth for millions of people. Spot Metals are minerals that have been found in the rocks that are below the surface of the earth, and there are no other places like them on the planet. They are rare, expensive and can be found only at the core of the earth. There are many types of minerals that can be found here including gold, silver, iron, tin, palladium and tungsten. The Spot Metals market in South Africa has been very effective as it helps many countries in building up their economies. South Africa is a world leader in many fields such as food production, textiles and so on. All these are made possible by the metal mining industry. Because the market is so dynamic, South Africa is in fact one of the major players in this market. If you want to get rich in the Spot Metals, you have to get educated well and work hard and with a lot of patience. Many companies are involved in the Spot Metals market in South Africa. The big companies such as Anglo American Platinum, are investing heavily in the metal. There are many companies dealing in Metals from around the globe, such as, Newmont Mining, Barrick Gold, Emery Minerals, Verex Metals, and Gold Fields. These companies provide many jobs for local people. However, you need to be very careful in choosing your company because many unscrupulous companies are around that offer you fake contracts. There is a huge demand for Spot Metals in South Africa. It is because of the high prices. People around the world have found great use for the Spot Metals. This is the reason why South Africa became the major producer of this metal in the world. As the demand for this metal increases, the prices of the spot metal are also going up. Therefore, many investors have been attracted to this country. Because of its high prices, many entrepreneurs and businessmen have capitalized on the Spot Metals Market in South Africa and are offering this service to all the potential clients. But, always make sure that the company is a trustworthy one. You have to know their credentials before you hire them. The Spot Metals market in South Africa is very profitable for both investors and for the people who are working in this industry. As long as the people do not forget that, they will stay successful. and people in the industry will stay healthy and there will be a steady demand for the market.