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GPBUSD WEEKLY – UNCHARTERED TERRITORY AS WELL
I had to go to a weekly chart to find key levels following the 1.2499 break (now resistance).
As long as it stays below 1.25, risk is down. With a void of nearby supports, look for 1.2450 to be pivotal.
Of interest, shirt JPU crosses are being unwound, which is one soiurce of USD demand oither than vs USDJOY, which is a touch lower.
FRANKFURT, April 12 (Reuters) – Economists are sticking to their view that inflation in the euro zone will fall to 2% and stay there, a European Central Bank poll showed on Friday, in comforting news as the ECB prepares to cut interest rates.
The ECB’s latest Survey of Professional Forecasters (SPF) put inflation at 2.4% this year and 2.0% in 2025, 2026 and in the longer term — unchanged from the previous round of the poll three months earlier.
Economists confident euro zone inflation will fall to 2% – ECB poll
A look at the day ahead in U.S. and global markets from Mike Dolan
With markets now re-shuffling central bank rate cut calendars, attention switches abruptly to the first quarter U.S. corporate earnings season on Friday – against a backdrop of an alarming swoon in China trade last month and rising Middle East tension.
Morning Bid: Eyes switch to earnings, China trade miss, tense Middle East
April 12, 2024 at 10:39 am
GVI Forex
I am not sure if these comments, which came out overnight, were a catalyst for the EURUSD breakdown but it bears repeating
ECB’s Stournaras says now is the time to diverge from the Fed, reiterates call for four rate cuts this year, here is a risk inflation will undershoot 2%
——————————————————
European leaders can’t decide anything without US not even do they want to keep daylight savings time or not…..same with the rates ….. it will be what Fed decide and say ECB what to do
I am not sure if these comments, which came out overnight, were a catalyst for the EURUSD breakdown but it bears repeating
ECB’s Stournaras says now is the time to diverge from the Fed, reiterates call for four rate cuts this year, here is a risk inflation will undershoot 2%
Source: Newsquawk.com
EURUSD 30 MINUTE CHART – REAKOUT?
While the technical focus of longer-term charts is on the break of 1.0693, short-term charts show yesterday’s 1.0699 as a key resistance
with a sell bias below it.
On the downside, there are no obvious levels so use the day low as the closest one. As noted earlier, the Power of 50 level at 1.0650 becomes a pivotal key level in the absence of near-term support.
EURUSD 1.0677
No apparent news I have seen other than a delayed reaction to risk of ECB diverging with Fed and cutting rates sooner rather than later.
Break of 1.0693 major support leaves a void on the downside if the breakdown holds. 1.0650 is the next likely level while below 1.0693
Note euro is weak in various crosses as well.
sorry brothers and sisters if this is boring
from the “useless crap” file:
–
“We remain on our projection that we would see, by the end of the year, the Fed being in a position to take some action in a direction of bringing interest rates down,” Georgieva said on CNBC’s “Squawk on the Street.” “But again, don’t hurry until the data tells you you can do it.”
People should be optimistic about the future of the United States as the country does not feel as much upward pressure on labor costs compared with other places, the former World Bank CEO said. And the U.S. government can play a relatively bigger role in keeping the economy from overheating, Georgieva said, which is another reason for optimism on the country’s financial health.
only from a salaried character whose paycheck comes in every week regradless of genious or joker …
“THEY” just wont give up the theme
–
Might
– We might see two rate cuts by the end of the year, says Wharton’s Jeremy Siegel (CNBC)
Could
– (Reuters) – The Federal Reserve could start interest-rate cuts as early as its late-July meeting, traders bet on Thursday, after a government report showed producer prices in March rose a bit less than expected. …/..
And with that peasants feel free to place their bet(s)
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What is Risk Management in Trading – Forex Forum
For any trader, managing risk is essential to success. But what exactly is risk management? In this blog post, we’ll explore what risk management is and how it can help you become a successful trader.
We’ll also look at some common mistakes that traders make when it comes to managing their risks. After all, if you’re not managing risk appropriately, you’re just a gambler. So if you’re ready to learn more about risk management, read on!
What is Risk Management in Trading?
Risk management is the process of assessing, controlling, and managing risk within a trading portfolio. This involves defining trading goals and understanding potential losses that could occur as part of the trading process.
It also includes identifying potential risks, such as market volatility or sudden changes in the market, understanding how these risks can affect your profits, and taking steps to limit potential losses.
In general, risk management should be a priority for all traders. By properly managing your risks and using effective strategies, you can minimize potential losses and increase the chances of making successful trades.
Common Mistakes When Managing Risk in Trading
Unfortunately, many traders make mistakes when it comes to managing their risks. Here are some of the most common mistakes that traders make when it comes to risk management:
Not Setting a Trading Plan:
Many traders don’t have a detailed trading plan, which is a key component of risk management. Without a trading plan, traders are more likely to take risks that could have otherwise been avoided. It’s important to establish clear trading goals and a plan for how to reach those goals.
Not Understanding Risk:
Many traders fail to understand the risks associated with certain trades, which can lead to serious losses if they don’t take the time to research and understand the risks involved. It’s important to have a thorough understanding of the markets you’re trading in before taking any risks.
Not Taking Advantage of Stop Losses:
Stop losses are an essential component of risk management, as they help to limit potential losses in the event of a market downturn or sudden changes in the market. However, many traders don’t take advantage of stop losses and end up taking larger risks than necessary.
Over-Trading:
Over-trading is a common mistake made by many traders. This involves taking too many trades, which can lead to losses if the market turns against you. Look, all traders love the price action. It’s exciting to take a position and watch your P/L go up and down. But don’t become addicted to the price action for the sake of just having a position. It’s important to only take trades when the setup is right and avoid over trading.
Not Diversifying Risk:
Diversification is another important part of risk management. By diversifying your trades, you can spread out risk and limit potential losses if the market turns against you.
Why is Risk Management Important in Trading?
Risk management is a critical factor in success when trading in the markets. It involves understanding and controlling what could potentially impact your trades and actively analyzing scenarios that may occur.
Without proper risk management, traders are leaving themselves vulnerable to potential losses which could be catastrophic for their investments.
Good risk management also allows traders to effectively assess opportunities and make better decisions that take into account volatility or leading indicators of future market performance.
Simply put, risk management can provide peace of mind so traders can enjoy the highs of profitable investments while minimizing losses when markets start to dip.
What are Some Common Risk Management Strategies?
Common risk management strategies used by traders include setting stop-loss orders, limiting capital exposure, and diversifying investments to minimize volatility.
Another essential approach for traders is to set predetermined targets for both profits and losses to help stabilize your exposure. To further limit potential losses and maximize gains, traders should always be aware of economic news and other world events that might affect the market.
How to Implement Risk Management in your Trading Plan
Implementing effective risk management into your trading plan is incredibly important for successful and profitable trading. It can help you to control the amount of draws you take in any given trade, and it can also protect against large losses which could potentially wipe out your entire trading account.
A good risk management plan should include determining the amount of capital at risk on each trade, setting predetermined stop-losses to limit downside exposure, and having a strict, disciplined approach towards minimizing losses:
never increasing position size
never risking more than you are comfortable with, and always controlling potential risk-reward ratios.
Taking the time to set up a comprehensive yet flexible risk management plan will put you in a better position when it comes to positive returns in the long run.
Risk management is an important part of trading. It allows you to trade with less stress and more confidence. There are many different risk management strategies, so it is important to find one that fits your trading style.
Proper risk management can help you make money in the long run by preserving your capital and preventing you from making careless mistakes.
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