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PIMCO says the next moves from the ECB will be decided by data flow over the coming months. In brief: we envision the ECB to keep cutting rates at staff projection meetings market pricing seems reasonable and broadly in line with our long-held baseline of three cuts for this year we expect additional cuts in […]

Q1 GDP data from Japan confirmed the enormous contraction: Japan’s Q1 GDP (revised) -1.8% (annualized) – massive economic slump Almost as if in response the draft of the Jap[anese government’s annual economic blueprint has once again been sighted by Reuters. This happened last week too: Japan’s government to warn of weak yen This time around:

more to come The Wall Street Journal report on a major highway linking Idaho to Jackson, Wyo., near Grand Teton National Park, closed indefinitely, Jackson Hole, Wyoming, is the location of the annual Kansas City Federal Reserve’s annual symposium. This seminar is a big deal, attracting leading central bankers from across the globe. Thankfully there

Markets in Hong Kong, Australia and China are closed for holidays today, Monday, 10 June 2024. This will thin out liquidity during the Asian timezone a little. New Zealand, Japan, Singapore all remain open. The holidays are for Tuen Ng Festival (Dragon Boat Festival) and the King’s Birthday. I’ll leave you to figure out who

Euro/USD technical analysis: Video for currency investors and traders Potential Bull Flag Formation 🏳️ Second touch point on June 3rd 📅Potential breakout identified but not confirmed yet 🚩 Job Report Impact 📉 Tight stop hit after the job report release on Friday 📊Importance of maintaining stops due to new market events 🛑 Daily Time Frame

Before we look at the data agenda, ICYMI this is weighing on EUR early: EU politics – French President Macron has called a snap election. EUR/USD a touch lower.Monday morning open levels – indicative forex prices – 10 June 2024 Its not the end of the world for the EUR, but it’s a few points

Crude oil is closing near unchanged on the day. The settlement price is $75.53. That’s down to cents or -0.03%. For the week, the price is down -$0.38 or -0.50%. The prices also settling below its 200 week moving average for the first time since January 2021. That 200 week moving average comes in at

Major indices close lower on the day/higher for the weekCrude oil settles at $75.53US consumer credit for April rises by $6.40B versus $11.0B increase estimateWith the Bank of Canada, ECB and jobs in the rear view mirror, the Fed is aheadECB Pres. Lagarde: Still a long way to go until inflation is defeatedBaker Hughes oil

The 50-200 Moving Average Crossover is an easy concept to build a trading strategy around because the inputs are simple and the potential optimizations are straightforward. So it’s perfect if you’re just getting started with trading strategy development. Many trading websites will give you what they say is the “best” 50-200 crossover strategy. Interestingly, most

The major US stock indices are closing lower on the day, but higher for the week. This week, both the S&P and NASDAQ indices traded to the new all-time high levels. The S&P index reached a site today of 5375.08. That is its new all-time record high. The gains could not be maintained and the

UPCOMING EVENTS: Tuesday: UK Labour Market report, US NFIB Small Business Optimism Index.Wednesday: Japan PPI, China CPI, UK GDP, US CPI, FOMC Policy Decision.Thursday: Australia Labour Market report, Swiss PPI, Eurozone Industrial Production, US PPI, US Jobless Claims.Friday: New Zealand Manufacturing PMI, BoJ Policy Decision, US University of Michigan Consumer Sentiment. Tuesday The UK unemployment

This week the Bank of Canada and the ECB cut rates each by 25 basis points. For each, it was the central banks initial cut. The Bank of Canada announced their interest rate decision on Wednesday. The central bank cut from what is restrictive policy, but acknowledge further cuts are dependent on upcoming data. BANK

The AUD is one of the weakets of the major currencies (along with the NZD). Commodities are sharply lower on the back of the higher dollar/higher rates/a more stubborn Fed. Technically, the price has moved lower to test a cluster of support including the 38.2% retracement at 0.6579, a swing area between 0.6579 to 0.6585.

The PBOC is China’s central bank and the biggest buyer of gold in the world. Data hit on Friday that the Bank bought zero gold in May: ForexLive European FX news wrap: ECB tries to justify rate cut, gold dips on China In May 2024 gold prices hit a record high, and it looks like

Path to 2% inflation won’t be entirely smooth.Made major progress, but inflation fight is not overRates to remain restrictive for as long as necessary.ECB still needs vigilance or commitment, perseverance.Still a long way to go until inflation defeated. The ECB cut rates yesterday, with one dissenter, but since then there seems to be more regret

Backtesting is the best way to verify that a trading strategy has an edge and optimize that strategy to meet your goals. Despite its importance, backtesting does have its limitations. The primary constraints of manual backtesting are that it requires discretionary input from the trader and is not highly scalable. Automated backtesting is limited by

In trading, backtesting and forward testing are essential methods for evaluating the potential success of trading strategies. Backtesting allows traders to assess how a strategy would have performed in the past by simulating trades with historical data. Unlike backtesting, forward testing involves trading a strategy in real-time with live data in a demo account, without

OK I tried it.. and it is garbage. Over and out…. This article was written by Greg Michalowski at www.forexlive.com.

? When you buy something through one of the links on our site, we may earn an affiliate commission. Are you tired of losing money on trading robots that promise you profits, but never deliver? Look no further than this article, where I will share the truth about which trading bots actually work and how

Robert Holzmann is Governor of Austria’s central bank and a European Central Bank Governing Council member, billed by many pundits as the A1 hawk at the table. Holzmann spoke in a radio interview on Saturday with public broadcaster ORF (Österreichischer Rundfunk, ‘Austrian Broadcasting’). He said further European Central Bank rate cuts in the abscence of

Baker Hughes rig count for the week shows: Oil rigs -4 to 496Gas rigs -2 to 98Total rigs -6 to 594 This article was written by Greg Michalowski at www.forexlive.com.

In a previous article, I showed you how to create a fully automated 50-200 moving average crossover trading strategy, without coding. Now I’m going to show you the backtesting results of that strategy for every market that I’ve tested. I’ll show you both the good and bad. You have to backtest this strategy yourself to

Prior month $6.27 billion revised down to $-1.10 billionConsumer credit $6.4 billion vs $11.0 billion estimate This article was written by Greg Michalowski at www.forexlive.com.

Backtesting is the systematic process of finding out if a trading strategy has worked in the past and therefore will be very likely to work in the future.  This is the most important step that a trader can go through to prove that their trading strategy actually works. Yet, so many aspiring traders miss this

In this tutorial, I’ll show you how I backtest multiple timeframes at the same time. You’ll learn how to setup multiple charts and have them all run at the same speed while you backtest. This is easy to do. There are many software solutions that can do it, but it may not be obvious how

Today, we have Oliver Kell on the show. What’s interesting about Oliver is he took part in the US investing championship in 2020—and came in first place! Achieving a staggering return of 941.1%! That’s like having $10,000 in your account in January and seeing it become $100k in December. The post The Stock Trader Who

Thank you for your interest!You’ll be the first to know when enrollment for the Forex Trading Income (FTFI) is open. The post Thank You for Signing Up appeared first on TradingwithRayner.

Today we have Jack Schwager on the show! I believe he needs no introduction but I’ll do it anyway…He is the author of the Market Wizards book series and has inspired a generation of traders (me included). The post Market Wizards: Behind The Scenes (With Jack Schwager) appeared first on TradingwithRayner.

When you’re testing trading strategies to gauge their profit potential, backtesting is a crucial step. But it’s not enough to just stop at the total return of a strategy in backtesting. There are many metrics that should be studied to assess the viability of a strategy, and if it will meet your goals. A Monte

In my experience, backtesting a trading strategy is an essential step before deploying it in the market. It allows me to assess how the strategy would have performed in the past, giving me a clearer idea of its potential success in the future. Manual backtesting is great, but automated backtesting speeds up the process considerably.

Easy Forex Builder (EFB) is a no-code, online tool for building automated Forex trading strategies. Once a strategy is built in this software, it can be exported to MetaTrader or Forex Tester for backtesting or even live trading. I reviewed EFB when it first came out and I was not impressed. It was not able

Discover the ins and outs of forex lot size to trade with confidence and precision in the forex markets, never doubting your decisions again The post The Essential Guide To Forex Lot Size appeared first on TradingwithRayner.