The NYME Crude Prices Slide (source - forexminute)
In today’s trading, oil prices fell to some extent on the New York Mercantile Exchange; this happened amidst the decision on the part of the Federal Reserve to scale back a monthly bond-buying program. Crude oil prices fell as light sweet crude futures for delivery in February traded at USD97.87 a barrel which is a decline of 0.18%.
In electronic trading on the New York Mercantile Exchange at 8:57 a.m. London time WTI for January delivery, which expires today, was at $97.86 a barrel; thus, it rose 6 cents. On the other hand, Brent for February settlement also declined by 6 cents to $109.57 a barrel on the London-based ICE Futures Europe exchange amidst the concerns in Libya oil production, which is facing huge challenges.
Bernanke , end of an era troubled and controversial
Yesterday veteran Ben Bernanke has justified for the last time before the public policy decisions monateră they took as president of the Federal Reserve ( central bank) , marking the end of a tumultuous and controversial era that brought the greatest world economy from the deepest recession and the worst financial crisis after the Second World War .
Yesterday's Fed meeting was the last for which Bernanke has scheduled a press conference commitment to transparency in which he had made a tradition. Legacy it leaves behind is an economic and monetary policy aggressively unprecedented interest based on zero and trillions of dollars injected into the U.S. economy and the economies of other countries and even in markets, a legacy that reveals how much influence world what is happening in the U.S..
Bernanke has made U.S. the epicenter of the global financial and economic crisis in one of the main growth engines of the world economy . His place will be taken in February next year, one of his closest allies and followers of Bernanke , Janet Yellen .
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The Four-Hour Trader, A Full Trading Plan (source - dailyfx.com)
Traders can implement a well-heeled plan taking only four hours per week The four-hour chart can be ideal for Forex Traders looking to trade around the clock We outline a full plan based around Price Action that traders can begin using today
All of the sudden, the world has gotten very small; and life is moving faster than ever before. The internet presents a lot of benefits to the human species; but time management is not one of them. As competition for page views, viewer numbers, and attendance continues to heat up, very little in this life emphasis a slow and steady approach. But to the trader, in many cases, that is the best way to go about speculation in markets: Slow, steady, and consistent.
But being there as a trader, and getting there as a new speculator are completely different markets. In this article, we’re going to outline a complete trading plan that will take less than four hours of a trader’s time each week. And further, this is an approach that can be focused on longer-term moves, and swings.
If you have a day job, or any other pre-existing commitments that limits your time on charts, this is an approach that can offer quite a few benefits.
Trade: Buy USDSGD between 1.2575 and 1.2590 Stop loss: Place stop at 1.2565, below yellow wave ii Take profit: Two profit positions, half at 1.2640 and half at 1.2690 Trade management: On reaching 1.2640, move stop to 1.2590 (irrespective of entry level)
If you are getting a little bored of dealing with equities and would like a bit more of a challenge from the markets – and larger profits – then keep reading on. We want to look at the immense power of a futures trading system. If you work in the stock market, you will still have the high risk-high reward lifestyle that many stock traders have, but the advantage of futures trading and futures trading systems is that risk can be managed 24/7.
However, while the profits can be massive, so can the losses. So you need to be ready for virtually any outcome that could happen, and the best way to do this is with a futures trading system that has position and money management built into it. The best futures trading systems allows you stay away from poor decision making because they are automated in which removes emotional based trading. It also saves you from making any silly mistakes and miscalculations, as the entire futures system is automated and will execute futures strategies for you.
A moderate or postpone : question for the Fed and market response
Markets are not prepared to reduce monetary incentives
Some investment banks see the first step towards stopping bailout in January , others only in March . The manager of the largest bond fund in the world sees a 60% probability to start slowing tonight. Spectrum of opinions on tonight 's very broad . Enough to generate large variations , whatever the outcome . But what will decide whether the Fed is not followed by market direction .
If we focus on the dollar , assuming the probable ( from our perspective ) a reduction in the QE program by 5 billion dollars, the initial assessment should be the pulse of a magnitude of at least 0.5 % against major currencies .
If the contents of the statement will appear that will go in the near future in this direction, even if it is not announced an immediate cut , the dollar would benefit and equity markets and gold would suffer visible corrections .
Fed could choose a third option : to avoid action , or even a push in the future , such as dropping 6.5% unemployment rate would start raising interest rates. The positive risk sentiment could push up shares and gold and currency pairs like EUR / USD or GBP / USD .
Communication can be viewed on the website of the Federal Reserve .
Marianne Stokes (1855 – 1927), born Marianne Preindlsberger in the Austrian province of Styria, was an Austrian painter. She settled in England after her marriage to Adrian Scott Stokes (1854–1935), the landscape painter, whom she had met in Pont-Aven. Marianne Stokes was considered one of the leading artists in Victorian England.
Although Kovner is the least known billionaire in New York, his #forex trading strategies are always up-to-date. His decisions are very smart and brave, two of the most important traits for a #forex trader. However, as he began to achieve success, he shifted into hedge funds. He founded the Caxton Associates that, right now is within the top 10 most successful hedge funds across the world. With an estimated $14 billion income, this company is indeed one of the best. Kovner himself makes $4.5 billion in net.
AUDUSD and Fibonacci levels in trading (based on dailyfx article) AUDUSD has been on a downtrend and may continue to push lower, Previous levels of Fibonacci support can act as resistance levels, When...