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Friday attempt at infecting peasants
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Bowman says inflation still too high to justify Fed rate cuts
“we are still not yet at the point”
Barkin said Fed would be ‘smart’ to take its time to cut rates due to persistent inflation
“No one wants inflation to reemerge,” and something about FEDs having “time for the clouds to clear before beginning the process of toggling rates down,” (the clouds barkin refers to is “the strong labor market”
—
In my op in a relevant commentary to the two headlines above and jerome’s early Friday chitchat,
Tyler has posted an interesting piece and a reminder on his website on Sunday: “People Are Not Inflation Idiots” by Jeffrey A. Tucker
People Are Not Inflation Idiots
“There’s something about employed intellectuals. When they are trashing popular wisdom and perceptions of regular people …
THIS WEEK’S MARKET-MOVING EVENTS (all days local)
With inflation cooling and economic activity no worse than steady, wait and see is the coming week’s policy directive. Forecasters expect no change at a run of central bank meetings: Reserve Bank of New Zealand and Bank of Canada both on Wednesday, the European Central Bank on Thursday, and the Bank of Korea on Friday. Federal Reserve minutes on Wednesday will detail conditions from three weeks ago when policymakers were cautious in their policy outlook. Data since have not changed the overall picture.
The week’s biggest data release will be US consumer prices on Wednesday which are not expected to show much cooling. If upward price pressure on food prices has abated, energy prices – particularly for gasoline – continued to rise in March. And more important than ever will be service prices that, despite past rate hikes, have continued to be a steady source of upward pressure.
Industrial production from Germany on Monday is not expected to improve, while monthly GDP data from the UK on Friday is expected to be mixed. Chinese inflation pressures in data for Thursday are expected to remain dormant, while Indian inflation data on Friday are expected to remain well above target… Econoday
EURUSD Week Ahead – 07/04/24
Supports at:
1.08250 1.08000 1.07750 1.07350
Resistances at:
1.08500 1.08750 1.08900
Daily chart – Continue reading …
Weekly
THIS IS AN ARTICLE POSTED IN OUR BLOG AND A MUST READ, ESPECIALLY FOR LESS EXPERIENCED TRADES BUT ALL TRADERS SHOULD TAKE A LOOK.
\Why have I lost my entire margin yesterday, and how to avoid it next time?
according to New YorK Times drivel
by Alan Rappeport
–
U.S. Warns China About Its Exports and Support for Russia
Beijing’s economic policies threaten American workers, Treasury Secretary Janet L. Yellen told Vice Premier He Lifeng in the southern city of Guangzhou.
“U.S. Warns” would be “janet yellen says”
USDX (US DOLLAR INDEX) WEEKLY CHART – 105 IS THE PIVOTAL LEVEL
Sometimes it pays to step back and take a deep breath to look at the market with a clear eye. This follows Friday’s head fake after the initial reaction up in the USD ON A STRONG us JOBS REPORT DID not follow through.
With the EURO representing 57.6$ of the USDX, its chart can be used as either a lead indicator or to confirm what you are seeing in the EURUSD.
Looking at the weekly chart, the 105 level is pivotal with a marginal new high just above it not holding.
So if you are looking for confirmation that EURUSD has legs to the downside, USDX probably needs to establish firmly above 105.
XAUUSD 4 HOUR CHART – ANOTHER RECORD HIGH
This was a bleak day for anyone trying to pick a top in XAUUSD on Friday. The reason I say this is because you rarely see such a move in the absence of news unless the market is caught the wrong way and in this case, standing in front of a runaway train..
As I have said many times, there is no reason to try and pick a top (or bottom) before there is a reason to do so.
This is why I rely on my Amazing Trader charts to tell me when there is potential for a low or high.
Looking at this chart, expect a strong bid if it stays above 2305. The key support level is 2265, only below it would suggest a short-term high would be in. Not seen on this chart, there is support as well at 2280.
wsj:
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Week Ahead for FX, Bonds: Focus on U.S. Inflation Data, ECB Decision
Brisk Hiring Bolsters Fed’s Cautious Stance on Rate Cuts
Eurozone Inflation Cools, Setting Stage for June Rate Cut
also and apparently
You’ll Look Better Naked—and Other Ways to Convince a Skeptical Spouse to Paint the Bedroom Pink
Degenerate Traders and Animal Spirits
–
BoC to start cutting rates in June, but greater risk is delay – Reuters poll
BENGALURU (Reuters) – The Bank of Canada will cut its key interest rate in June, a strong majority of economists in a Reuters poll said, although they also said the risk was the first cut would be later than that, rather than a surprise earlier move.
Newsquawk Week Ahead 8-12th April:
MON: Bank of Israel Announcement, Japanese Earnings (Feb), Swiss Unemployment Rate (Mar), German Trade Balance (Feb)/Industrial Output (Feb), EZ Sentix Index (Apr)
TUE: EIA STEO
WED: FOMC Minutes (Mar), BoC Announcement, RBNZ Announcement, US CPI (Mar)
THU: ECB Announcement, OPEC MOMR, Eurogroup Meeting, Chinese Inflation (Mar), US PPI (Mar)
FRI: IEA OMR, Chinese Trade Balance (Mar), German Final CPI (Mar), Swedish CPIF (Mar), UK GDP (Feb), University of Michigan Prelim. (Apr)
“… what the world and our citizens expect of us,”
yellen via cnbc
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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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