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.

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.

Dow and Dollar: What is the Potential for Volatility and Trend from CPI Upd.

Dow and Dollar: What is the Potential for Volatility and Trend from CPI Upd.

What is the Potential for Volatility and Trend From CPI Upd?
A significant portion of the US manufacturing sector depends on foreign raw materials and exports to produce finished goods. When the US dollar depreciates in value, this affects the price of these imported materials and puts pressure on the companies that rely on them for profits. The effect is similar to an investor holding a portfolio made up of stocks that sell to various markets.

A CPI Index is a measure of the inflation rate for a specific country or region. It is widely used by governments and central banks to determine their interest rate policies. In general, the higher the CPI, the more likely a central bank will raise or cut their interest rates.

Inflation is a major concern for investors. When the government reports a change in the CPI, it can cause volatility in the stock market and in currency exchange markets. In addition, the government uses CPI data to adjust wages, social security benefits, and tax brackets.

The CPI has many different names around the world. Some are Laspeyres indexes while others use a Fischer-based formula to measure the rate of inflation. These indices have a strong impact on financial markets, as they help determine the future path of interest rates and inflation.

One of the most well-known indices is the U.S. Dollar Index (USDX).
The USDX is a geometric weighted average of a basket of currencies that includes 19 countries, including the Euro and Japanese Yen. The index was created in 1985 by Intercontinental Exchange Group, which is a global exchange, clearing, and financial data company.

Another ICE-created index is the S&P 500 Index. The S&P 500 consists of 500 large, publicly-traded companies. The S&P 500 is an important benchmark for stock prices.

It is also a popular measure for analyzing and trading the equity market. When the S&P 500 falls, it is considered a negative signal for the stock market.

When the S&P rises, it is a positive signal for the stock market. Inflation is a concern for everyone, and when it slows, it can help to stimulate growth.

Traders may also use the CPI report to gauge how much the Federal Reserve should raise or cut its interest rates in the future. Usually, when the CPI deviates from the Federal Reserve’s target, it prompts traders to buy or sell the currency.

The CPI is a vital measure of inflation, and it’s used by governments to set wages, retirement benefits, and tax brackets. It also impacts the cost of food, gasoline, medical care, and other essentials.

A CPI increase can make a big difference to the lives of many Americans, including those who receive Social Security and Medicare payments, retirees, government workers, and people who live in lower-income neighborhoods. When the CPI rises, these people can afford more of the things they need and can spend more money.

The US economy is still growing, and the Fed may continue to tinker with its policy to boost growth. The January CPI report is expected to show that prices were still rising, but at a slower pace than in December. It could bolster the Fed’s view that inflation is slowing down, putting it in a better position to raise interest rates next month.

Crude Oil Price Forecast: Brent Bid Ahead of OPEC Report and US CPI

Crude Oil Price Forecast: Brent Bid Ahead of OPEC Report and US CPI

Crude Oil Price Forecast: Brent Bid Ahead of OPEC Report and US CPI
Crude Oil Price Forecast: Brent Bid Ahead of OPEC Report and US CPI
Despite the recent sharp rally in oil prices, the market remains relatively tight. The Energy Information Administration said in its latest STEO that global crude oil inventories will rise again this year, which will put downward pressure on the market. The agency also lowered its forecast for US shale production and oil imports this year to the lowest in three years.

The OPEC Report is scheduled to be released later today which will include their outlook for the market. It will be interesting to see whether significant revisions are made to demand/supply forecasts.

US CPI reports will be out later in the day as well which could give a further boost to pricing. The upcoming report is expected to be weaker than the previous month with expectations that the number may decline slightly.

Supply-side Factors that will be driving prices:
The major factors that are likely to drive the oil price are the global economy and supply-demand balance. OPEC has slashed its output targets in the past few months to try to ease market fears, but its de facto leader Saudi Arabia's energy minister warned this month that the group is not yet confident about its ability to balance the market.

OPEC in its report raised its outlook for world oil demand through 2027, up 2 million bpd from last year’s forecast. The cartel said that the recent easing of China’s pandemic restrictions, along with higher oil exports from the United States, would help support stronger oil demand growth.

But the OPEC report also cut the amount of crude it expects Russia to pump in 2023 by 900,000 bpd, down from 850,000 bpd last month. The report also lowered its forecast for non-OPEC oil supply.

China is a big importer of oil, but it’s hard to predict what will happen there, especially when the country’s central bank has lowered its credit rate. This will help China’s economic recovery, but it could slow down demand for oil in the near term.

US Inflation and Interest Rates continue to rise, which can weigh on demand for oil. The Fed has hiked interest rates multiple times in the past few years to fight surging inflation.

Inflation has also driven higher energy prices. The cost of fuel has risen more than 20% in the past two years, which can be a drag on the economy.

Several analysts have said that oil could hit $100 this year. Analysts at JPMorgan have even increased their estimates, while oil trading firm Trafigura has a price target of $95 per barrel by the end of the second quarter this year.

Ultimately, the future of oil is largely dependent on how fast society can develop and adopt alternative forms of energy to replace fossil fuels. The future is still very uncertain, but it will require a lot of effort to develop new alternatives to oil and make our economies less energy-dependent.

Gold Price Forecast: GC 1923 Still in Play ? Can Bulls Tag

Gold Price Forecast: GC 1923 Still in Play ? Can Bulls Tag

Gold Price Forecast - GC 1923 Still in Play? Can Bulls Tag 2k?
Gold Price Forecast: GC 1923 Still in Play
The Gold Market has rallied over the past week and has risen back above 1900. The price is at a 7-month high and remains strong for the time being. However, we believe that the trend is short-term overbought, and that a pullback back towards $1900 is possible.

GC 1900/2023 is the next major retracement point on the gold bull cycle. During this period, the price usually spikes every 4-years, driven by political uncertainty and social unrest.

Geopolitical tensions continue to rise and could have an impact on gold prices in the future. The US-China trade war and events in Afghanistan are both raising concerns, and could have a negative impact on gold prices over the medium term.

Inflation is another key factor for the price of gold. This is because rising inflation leads to higher interest rates from central banks. This means that the opportunity cost for holding gold is lowered, making it more attractive to investors.

The Dollar Index is likely to weaken further over the next few weeks, which will also boost gold. Should the US dollar weaken, this will have a positive effect on gold prices internationally, particularly in Asia and Europe where demand for the metal is higher than in the US.

Central Banks Will continue to buy Gold
The demand for gold in China, South-East Asia and the UK has remained steady throughout 2018. This is due to the fact that central banks are looking to diversify their portfolios. In 2022, we expect that these countries will keep buying gold, which should support prices going forward.

Changing Monetary Policy and the Rates Cycle
The US Federal Reserve has already made it clear that monetary policy is set to change in 2022, with tapering bond purchases and increasing interest rates expected to be in place. The Fed's monetary policy outlook will also be influenced by the level of inflation and how quickly it increases, which in turn affects gold prices.

Gold is a safe haven asset, and it performs well during times of conflict. This is why we see many investors holding gold during a time of heightened risk and tensions.

Central Banks Will Continue to Buy Gold
The demand for gold in China, North and South East Asia and the UK has remained steady throughout 2018, with this trend likely to continue into 2019. This is due to the fact that central banks have been looking to diversify their portfolios, and are interested in investing in gold, which is a safe haven asset.

Changing Monetary Policy, the Rates Cycle and Inflation
The US Federal Reserve has already made it very clear that monetary policy is set to change. The Fed's monetary policy outlook is set to be influenced by the level of inflation and the rate of interest that it will raise. This in turn will have a positive and negative impact on gold prices over the medium term.

German Dax Rally Remains Intact Despite Slowing Momentum

German Dax Rally Remains Intact Despite Slowing Momentum

German Dax Rally Remains Intact Despite Slowing Momentum
Affordably priced DAX ETF
Global X DAX Germany ETF (NASDAQ:DAX) is a sexy looking mutt tracking the DAX index, which tracks the 40 largest and most prominent German companies. The ETF is loaded with glitzy names like SAP, Siemens and Mercedes-Benz, among others. The fund is not without its flaws, however. It has been a relative laggard compared to the wider market, and its 3.2% distribution is not particularly appealing.

The DAX has been on the rally map for some time now, helped by some big news from the Federal Reserve, but it remains to be seen how long this current wave of Fed rate hikes will last. Nevertheless, investors are expecting a more hawkish Fed than was previously the case, and expect further interest rate increases to come to fruition at some point this year or next.

DAX's impressive resurgence has been driven by a number of factors including: increased domestic production and a surprisingly robust trade deal with the US, China and Russia. The stock has also benefited from a softer euro, lower interest rates and a more positive outlook for the European economy as a whole.

Other major contributors include improved industrial output, the aforementioned DAX index and a solid showing from a slew of multinationals.

The latest quarterly GDP figures will give investors a glimpse into the health of Europe's largest economy, which may be the deciding factor for a resurgence in monetary policy

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

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.