Nervous Contradictory Trading Winds for Behavioral Sentiment Behavioral sentiment in the broad financial markets is nervous, and mixed results in the major asset classes are likely causing retail traders to feel uneasy. Most day traders try to perceive which direction they should lean based on price momentum while looking for…
Sudden Bullish Momentum of Indian Rupee Raises Questions The past week of trading within the USD/INR has seen a bullish trend emerge, this while many speculators were likely starting to believe lower price realms and targets were possible.The USD/INR is trading near the 82.2200 mark as of this writing, which…
Spiral Downward of South African Rand as Confidence Weakens The USD/ZAR has hit a bad milestone today as the bullish trend of the currency pair has toppled the 19.00000 mark momentarily, this as the USD has shown weakness against many other major currencies in the past week because financial institutions…
NBA Draft Lottery and Victor Wembanyama #1 You have likely heard plenty of talk about Victor Wembanyama if you are a basketball fan. Perhaps you still do not believe the potential talent the youngster may bring to the NBA for the 2023-2024 season, but rest assured NBA teams with the…
Pay Attention to Mid-Size Banking Noise About a week and a half ago the U.S Federal Reserve ‘admitted’ they made a mistake regarding their oversight of Silicon Valley Bank. In essence, the Fed used the sports phrase that sprung to life in the early 2000’s by baseball players who said,…
Gut Feeling about Fed June Hike, Perhaps Wrong I have a distinct feeling the U.S Federal Reserve is going to suggest via their FOMC Statement tomorrow that another increase of the Federal Funds Rate is likely going to happen in June. I could definitely be wrong, but my gut instinct…
BRICS and a Potential New Currency Paradigm The BRICS nations are causing alarm in some ‘Western’ financial circles as they seek to strengthen their trading alliance reflecting their ability to be large producers and consumers. BRICS has a common goal of creating better trade and financial conditions for each other,…
Forex, Interest Rates, the Fed and Conspiracy Politics If you have been looking for road signs regarding what the U.S Federal Reserve is going to do next week and trying to get a feel for its rhetoric which will be delivered in the FOMC Statement on the 3rd of May,…
Baseball: No Time To Make a Sandwich Simple fact, many suns ago baseball games were played with a solid pace. Games could last endlessly due to extra innings, but ‘human rain delays’ were frowned upon in baseball. Games on average were not all day endeavors and the sport had a…
Quick Thoughts for Friday 21st April It appears the broad financial markets are producing rather cautious price ranges which day traders should be wary of and this could continue until the 3rd of May. The Federal Reserve will release its FOMC Statement and Federal Funds Rate on Wednesday the 3rd…
Risk Management: B Book Warning and You as the Hunted The dangers of day trading in markets that are geared in favor of institutional houses with deep pockets and their ability to sustain volatility, versus smaller speculators should be taken into account before you trade. You are likely the smaller…
We Have Seen This Show Before Friends Another day, week, month and year – another financial crisis causing havoc. We have seen this show before, and experienced traders should make sure friends who are ‘newbies’ are prepared for what is going to happen next. And what is next is: unknown.People…
