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Gold Plummet on NY Opening

Gold plummet

Gold Plummet on NY opening, US10Y going to the north, as gold heading south after NYO but find some support around 1800 area.   Attachments Gold plummet (102 kB)gold plummet (150 kB)US10Y (61 kB)

Turkish Inflation Seen Hitting 19-Year Record

Turkish LIra Inflation

As cited from Bloomberg:  Turkish inflation is expected to surge to a 19-year high in December, propelled by a slump in the lira and President Recep Tayyip Erdogan’s push for cheaper borrowing.  Data due Monday will show consumer prices rose for a seventh straight month to an annual 27.36%, compared to 21.31% in November, according to the median estimate in …

This Week Important Market Event

This Week Important Market Eventt

Important market event  and potential market mover for this trading week: USA – Non-Farm Payrolls – ISM Manufacturing & Services – Fed Minutes CANADA – Jobs – Trade EU – GE Unemploy – EZ PMI Revisions – EZ Confidence Attachments Trading Terminal Setup (95 kB)

Market Risk Update: Frankfurt Open

frankfurt open

Welcome back to trading day in New Year guys. We are about to enter the first Frankfurt open of 2022. Here is the Market Risk Update for you: Trading in China Evergrande’s shares will be suspended at 9:00 am. Japan aims to invest nearly 2 trillion yen in renewable energy – Nikkei. Biden: The US would respond decisively to the …

Trading Pareidolia Tendency & Technical Analysis

trading pareidolia

  It’s a happy Sunday, a good time for some trading education and trading psychology fun learning. Almost every trader starts trading by learning technical analysis and trading patterns, I rarely find traders learning fundamentals for the first time in their trading journey. We also see faces in cloud formations, walls, trees, etc. And religious people tend to see things …