South African rand takes hit on new Covid fears, variant
South African rand. The South African rand on Friday fell sharply against the dollar after a new variant with many mutations was detected in the country. The currency fell to…
Diary of a professional commodity trader
By Peter Brandt This book focuses very strongly on the technicals without drawing the readers attention to the macro outlook. Being a macro guy this is a concern for me…
Oil taking it on the chin as new COVID-19 variant throws a massive wrench into the works
US president Biden may get his wish of lower oil prices but it isn’t exactly how one might expect it to come about in trading this week. The SPR release…
The Psychology of Speculation in the Forex Market
Forex speculation is the name of the game in trading. Every trader, at some point or another, has to click ‘buy’ or ‘sell’ and commit to a position based on…
Bengaluru DRI operation unearths Rs 3.7 crores worth foreign currencies at Mumbai airport- The New Indian Express
BENGALURU: A team steered by the Directorate of Revenue Intelligence (DRI), Bengaluru, that unearthed nearly Rs 1 crore worth foreign currency hidden in a mixer grinder at Kempegowda International Airport here…
US Dollar Index Price Stays Pressured Below 97.00 After Thanksgiving
Following recent peaks, DXY is under mild pressure. US markets resume trading after the Thanksgiving holiday. On Friday, no US data releases are scheduled. The US dollar index price remains…
Top Market Moving Themes and Event Risk Next Week…Including Friday NFPss
S&P 500, Volume, Volatility, ECB, Powell, China, Oil, Earnings and NFPs Talking Points We are heading the week that brings about the final days of November and opening sessions of…
Improve Your Trading Bias
Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. This article will cover: What is bias in…