Coming off a whirlwind teaching tour, Master trader Russ Allen sits down with Merlin to talk about the new technology which allows him to teach traders online while watching each of their trading screens. This allows him to correct mistakes, and show proper trading techniques to traders who are in the comfort of their own homes, around the world. Later, Russ handles a couple listener questions about Implied volatility, and shows a couple tools to measure it. More importantly, he shares with listeners what IV means to a professional trader and why we should pay special attention to it. Merlin and Russ also discusses his upcoming Hour with the Pros, where he will be covering OCO and Bracket orders.
Editors’ Picks
AUD/USD hovers around 0.6750 amid cautious mood
AUD/USD is treading water near 0.6750 in Asian trading on Monday. The pair struggles amid a cautious market mood, as traders remain wary of the French elections. However, a subdued US Dollar cushions the Aussie's downside.
USD/JPY drops toward 160.00 as risk aversion seeps back
USD/JPY is falling toward 160.00 in the Asian session on Monday, having failed to sustain at higher levels. A softer risk tone and encouraging Japanese Labor Cash Earnings data lift the Yen, weighing negatively on the pair.
Gold price tumbles as PBoC’s keeps Gold buying on hold
Gold price attracts some sellers during the Asian session on Monday. The precious metal loses traction as the People’s Bank of China, the Chinese central bank kept Gold buying on hold for the second month in June, according to official data released on Sunday.
Fourth straight weekly loss for BTC/USD
BTC/USD remains entrenched in a corrective slide, bolstered by the Fed minutes emphasising reluctance to ease policy until confidence in the disinflation process is observed.
French election: It’s all over for Marine Le Pen, but the left weighs on the Euro
The deciding vote in the French Parliamentary elections closed this evening, and the exit poll suggests a shock result. The winning party is the left alliance, the popular front, which was pulled together to try and keep Le Pen’s far right National Rally party out of power.
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