Monday, November 23

Tag: trading

Silver: Negative bias below the downtrend at 26.00
Commodities

Silver: Negative bias below the downtrend at 26.00

Silver (XAG/USD) has rallied to and failed at the three-month downtrend at 26.00. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, is unable to rule out losses to the 200-day ma at 20.22 but 21.64/63 is still acting as a decent support.Key quotes“Silver has rallied to and so far failed at its three-month downtrend at 26.00. While capped here, near-term risks remain on the downside and we would allow for a retest of the 21.64 September low 21.63, the July 2014 high.”“The downtrend at 26.00 represents the barrier on the topside. This guards the 28.93 and 29.89 recent peaks.”“Initial support lies at 22.59, the low from end of October. The 21.40 2008 peak guard the 200-day ma at 20.22, where we would look for signs of stabilisation, if seen.”Credit: FX Street...
What exact steps could a trader take in order to develop an effective risk management strategy?
Suggested, Trading Tips

What exact steps could a trader take in order to develop an effective risk management strategy?

The risk management approach that a trader is using can determine the whole outcome of a trading session. In this blog, we often emphasize that it is extremely important and traders have to think about it before entering the market. However, what exact steps could a trader take in order to develop an effective risk management strategy? There are 8 ways that might help manage losses and each step might get a trader a little closer to a mindful and more responsible trading method.1. Choosing the capital management approachThere are two ways of handling one’s capital: the conservative approach for cautious traders and the slightly more aggressive approach for those with experience. No matter which one of them a trader chooses, the most important part is to stick to it no matter ...
All you need to know about options trading
Online Trading

All you need to know about options trading

With the rise of the internet came many online money making opportunities. Financial brokers set up online platforms that made it easy for traders to invest in different financial instruments.Traders could now easily buy and sell forex, CFDs, indices and commodities among other assets from the comfort of their homes or offices. Then, brokers introduced options.This new form of financial instrument was adopted fast by traders all over the world. However, some financial authorities banned options brokers from operating within their jurisdictions.Why?Many claimed that it’s a form of gambling.But is this really true?Is iq option gambling?This guide will discuss what options trading is all about.Overview of optionsOptions are a type of derivative sec...
Main European indices fall, dragged down by the tourism sector
Forex

Main European indices fall, dragged down by the tourism sector

September 18, 2020 14:30Concern about the worsening of the second wave of coronavirus in Europe and its impact on the tourism sector has turned the main European indices red, with the IBEX 35 leading the way. The Spanish index is about to lose 7,000 points, having dropped just over 1% in the first hours of trading, while the FTSE 100 lost half a percentage point.Markets related to the tourism sector were affected most by the increasingly real possibility of a worsening of the pandemic situation, which may bring about new restrictive mobility measures.The airline sector was especially impacted:The Spanish-British airline IAG fell more than 7% this morning Easyjet has fallen more than 5% InterContinental Hotels Group has fallen around 4%.These falls come after the W...
USD/RUB Is Ready to Jump!
Forex News

USD/RUB Is Ready to Jump!

Good day,The price of currency pair USD/RUB is approaching the uptrend, therefore this asset could potentially make a jump soon.Stock index S&P500 is testing 3396.80 horizontal level, therefore it might drop soon. Of course, the asset might also test the broken weekly uptrend somewhere next to the 3500.00 horizontal level and then drop. But, let’s wait and see what happens next.The price of Euro has repeatedly approached the uptrend. The asset could potentially jump, but it could also break through the trend through and drop.Let us remind you that this material is provided for informative purposes only and cannot be considered as a direct go ahead to implement transactions in the financial markets. Trading in the financial markets is very risky.Credit: Tickmill
Daily Market Outlook, September 16, 2020 
Forex News

Daily Market Outlook, September 16, 2020 

Asian equity market is mixed this morning with Chinese indices down but most other markets higher. US President Trump has said that a Covid-19 vaccine may be weeks away. The WTO has ruled that some US tariffs on imports from China broke its trade rules. Meanwhile, TikTok is reported to be set to become a standalone US company in order to satisfy White House concerns.Just released data for UK inflation showed a big but less-than-expected drop in annual CPI inflation in August. The annual rate fell to 0.2% down from 1% in July primarily due to the impacts of the temporary reduction in VAT in the hospitality sector and the ‘eat out to help out’ scheme. Inflation is likely to pick up modestly in subsequent months as the impact of these initiatives start to fall out but it may stay below the ...
Trading Idea on Gold: Will the Fed Fuel Further Rally?
Forex News

Trading Idea on Gold: Will the Fed Fuel Further Rally?

European stocks remain in consolidation mode since the end of last week, which is not the case for the US equity markets, where the “buy-the-dip” army of market players are propelling a rebound. However, there are some signs that the bounce is a technical reboot rather than resumption of the medium-term rally. For example, comparing returns of SPX and its European peer DAX over the past six months we can clearly see divergence driven by the US equity:Since the end of July, SPX growth started to accelerate without any clear fundamental indications for this, which had a tinge of irrationality.But now the Europe remains calm, so it makes sense to at least exercise caution about the current rebound in US equities. But there are strong hopes that the market will be able to extend gains if...
Tickmill’s Investing Diva, EURJPY Daily Outlook 16-09-20
Forex News

Tickmill’s Investing Diva, EURJPY Daily Outlook 16-09-20

EURJPY Daily Outlook 16-09-20 – On Tuesday China extended tariff exemptions on 16 US products for another year at the request of Chinese importers. We found out that the U.S. manufacturing production increased in August.Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends.New York Manufacturing Index jumps more than expected in September. Canadian Manufacturing sales increased for the third consecutive month but the UK jobless rate rise sounded warning for bigger job losses ahead and New Zealand Consumer confidence hit the lowest level since 2008.On Wednesday we’ll be eyeing inflation numbers from the UK and Cana...
Tickmill’s Investing Diva, AUDUSD Daily Outlook 14-09-20
Forex News

Tickmill’s Investing Diva, AUDUSD Daily Outlook 14-09-20

AUDUSD Daily Outlook 14-09-20 – Last week the US dollar finished the week mixed despite higher inflation data from the US.The British pound was the biggest loser of the week, knocked down by increasing odds of a no-deal Brexit, and it’s likely that the rising cases of coronavirus infections in the U.K. brought pressure to Sterling as well.Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends.On Monday we’re not expecting any high-risk events besides Australia’s RBA meetings and a bunch of data from China including their retail sales and unemployment rate.Today I’m looking at the AUD/USD pair which lost its bulli...
S&P 500: Potential Drop Ahead?
Forex News

S&P 500: Potential Drop Ahead?

Good day, The US index S&P500 has dived under the level of 3396.80, trying to remain there for now. In principle, the asset might potentially drop till the level of 3138.00 although it can fall even deeper:The USD/CHF pair keeps targeting the psychological level of 0.9000 away from which it might repeatedly jump:The GBP/USD pair has entered the supporting zone formed between the levels 1.2726 and 1.2813. So far, it seems that the British pound is about to pull from the support, but let’s check what the asset is going to be up to in the zone:Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer...