I was caught numerous times in the trap of crosses…just to see at the end that if I stayed with the original strategy , it would play out well. Because of it, I concentrate on the majors , and if I smell some development coming from crosses, I just sit back…and wait…This spider web of currencies is way to complex to be able to handle it parallelly. I know that some funds are playing it with their AI systems, but no one made a real success with it , so far. For us, individual traders, surviving on 60-40 odds or even less is not something we can afford…Ah, I went way aside in my thoughts 😀
EURUSD
Intraday – if the pair stays bellow 1.07300 next 20 min , we will see the test of 1.07200, and if taken out , the continuation of the down slide. Chart
On contrary, close of this 30 min bar above it will give us a chance to target 1.07500 area.
A look at the day ahead in European and global markets from Rae Wee
The Reserve Bank of Australia (RBA) on Tuesday joined the Federal Reserve in a chorus of caution as it pushed back against bets for imminent rate cuts, and even kept a tightening bias at the conclusion of its policy meeting….
Full story
healing bleeding hearts: some bits to leave some bits to take
–
* It’s not uncommon to turn to material possessions to fill the void created by isolation.
* Being part of a community can be more rewarding than the temporary satisfaction that comes from spending.
* Even small acts of kindness can make us braver and bolder in connecting with people.
Op-ed: Embrace community over consumerism. It may be the secret to a more satisfying life – on cnbc of all places
© 2024 Global View