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Summary
Trend trading in FX is by far the best way to make money in the markets, but trades can also be very slow and infrequent in occurrences. After all, markets trend 30% of the time, but correct 70% of the time. Does that mean we should only be trading 30% of the time? Probably, but most of us don’t have the patience to wait to jump on board the next big trend. Fading, or taking the other side of FX trends, is a way to make quick trades for quick profits, in a very short period of time. Using these 3 tools in a step-by-step process I will show you how to safely counter-trend trade the markets with limited risk.Latest Live Videos
Editors’ Picks
When are the China’s CPI, PPI and how could they affect AUD/USD?
The National Bureau of Statistics of China will publish its data for January at 01.30 GMT. The Consumer Price Index is expected to show a rise of 0.4% YoY in January, compared to 0.8% in December. The Producer Price Index is projected to show a decline of 1.5% in January versus a fall of 1.9% prior.
USD/JPY bears turn cautious ahead of US NFP report
USD/JPY consolidates its heavy losses registered over the past two days and oscillates in a range below mid-154.00s during the Asian session on Wednesday, awaiting the release of the closely-watched US NFP report. In the meantime, rising bets on Fed rate cuts keep the US Dollar depressed. In contrast, expectations that PM Takaichi's policies will boost the economy and allow the BoJ to stick to its hawkish stance underpin the Japanese Yen, capping the currency pair amid intervention fears.
Gold declines to near $5,050, focus shifts to US jobs data
Gold price falls to near $5,045 during the early Asian session on Wednesday. Traders assess whether prices have found a floor following a historic sell-off. The delayed US employment report for January, which was pushed back due to the recently ended four-day government shutdown, will take center stage later on Wednesday.
Ethereum: Whales buy the dip amid rising short bets
Following one of Ethereum's largest weekly drawdowns, whales are slowly returning to action alongside a drop in retail selling pressure. After slightly selling into the decline at the start of the month, whales or wallets with a balance of 10K-100K ETH began buying the dip last Wednesday as prices crashed further.
Dollar drops and stocks rally: The week of reckoning for US economic data
Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.
Here is what you need to know for Wednesday, February 11:
United States (US) ADP reported that, on average, the private sector added 6.5K new jobs in the four weeks ending January 24, up from 5K in the previous week. Other than that, Retail Sales remained unchanged in December, below expectations for a 0.4% increase and below November’s 0.6% advance.