Market updates: London/European Trading Session
Market Movers Today
๐จAsian Stocks Slide As Wall Street Tips Into Bear Market; Inflation Likely To Push Fed To Consider 75Bps Hike
๐บ๐ธFed Door Open To 0.75Bps Hike After Inflation, Market Moves
๐ฆJPMorgan Economists Now See Fed Hiking 75Bps This Week
โ๏ธLawmakers Make New Aim To Block US Investments In China
๐ขWhite House Plans Saudi Arabia Trip But Says Not Around Oil
๐บ๐ธUS House Passes Ocean Shipping Bill To Allay Export Backlog
๐จ๐ณChina Data To Show May Contraction In Few Recovery Signs
๐จ๐ณBeijing Cases In Three-Week High As Virus Czar Urges Action
๐ด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟECB Set To Face Down Bond Stresses Without Divulging Plan
๐ฌ๐งUK PM Johnson In Fresh Fight To Pass Brexit Law-Break Plan
๐ฌ๐งUK Business Confidence Tumbles To Year Low Over Inflation
๐ฆWall Street Favourite Recession Signal Back As Curves Invert
๐ชBitcoin Slumps Over 10% In Deepening Crypto Sector Selloff
Market Movers Today
๐จAsian Stocks Slide As Wall Street Tips Into Bear Market; Inflation Likely To Push Fed To Consider 75Bps Hike
๐บ๐ธFed Door Open To 0.75Bps Hike After Inflation, Market Moves
๐ฆJPMorgan Economists Now See Fed Hiking 75Bps This Week
โ๏ธLawmakers Make New Aim To Block US Investments In China
๐ขWhite House Plans Saudi Arabia Trip But Says Not Around Oil
๐บ๐ธUS House Passes Ocean Shipping Bill To Allay Export Backlog
๐จ๐ณChina Data To Show May Contraction In Few Recovery Signs
๐จ๐ณBeijing Cases In Three-Week High As Virus Czar Urges Action
๐ด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟECB Set To Face Down Bond Stresses Without Divulging Plan
๐ฌ๐งUK PM Johnson In Fresh Fight To Pass Brexit Law-Break Plan
๐ฌ๐งUK Business Confidence Tumbles To Year Low Over Inflation
๐ฆWall Street Favourite Recession Signal Back As Curves Invert
๐ชBitcoin Slumps Over 10% In Deepening Crypto Sector Selloff
๐1
๐ The 50% strategy is a technique that can be used to reduce risk on pin bar setups.
On a bullish pin bar, if the market finishes higher than the entry on the following day, the stop loss can be moved to the low of that day. This allows for a 50% reduction in risk while still using a price action level as a stop loss.
We're implying that if the market breaches the low of the prior day, we don't want to be in this trade any longer.
๐ค The strategy is not appropriate in all market conditions, however, as it may result in a stop loss that is too close to the current market price.
On a bullish pin bar, if the market finishes higher than the entry on the following day, the stop loss can be moved to the low of that day. This allows for a 50% reduction in risk while still using a price action level as a stop loss.
We're implying that if the market breaches the low of the prior day, we don't want to be in this trade any longer.
๐ค The strategy is not appropriate in all market conditions, however, as it may result in a stop loss that is too close to the current market price.
๐Just because the market is down doesn't mean you can't turn a profit.
1๏ธโฃ The USD ๐ต was in the most advantageous position on Forex. Investors who opened a trade on the first trading day of January received $8970 profit on each lot traded at the end of the first half of the year.
2๏ธโฃ Palladium is unquestionably the greatest bargain with Metals, both for those who bought it and for those who sold it. It was possible to conclude the transaction in March at a price of $3165 after purchasing Palladium (XPD/USD) in January for $1824.6.
3๏ธโฃ The stock purchases of Tesla, Samsung, Easyjet, Astrazeneca, Novavax, and PayPal continue to generate thousands of dollars in profit for our traders. โ๏ธ Wizz air shares, which fell 233.9% in the past six months, are our pick with $2896 per sold share.
๐ค As a result, we are once again certain that high volatility and a plethora of occurrences provide us with more investment possibilities and larger earnings in a short time even on an extremely bearish markets.
1๏ธโฃ The USD ๐ต was in the most advantageous position on Forex. Investors who opened a trade on the first trading day of January received $8970 profit on each lot traded at the end of the first half of the year.
2๏ธโฃ Palladium is unquestionably the greatest bargain with Metals, both for those who bought it and for those who sold it. It was possible to conclude the transaction in March at a price of $3165 after purchasing Palladium (XPD/USD) in January for $1824.6.
3๏ธโฃ The stock purchases of Tesla, Samsung, Easyjet, Astrazeneca, Novavax, and PayPal continue to generate thousands of dollars in profit for our traders. โ๏ธ Wizz air shares, which fell 233.9% in the past six months, are our pick with $2896 per sold share.
๐ค As a result, we are once again certain that high volatility and a plethora of occurrences provide us with more investment possibilities and larger earnings in a short time even on an extremely bearish markets.
๐ค How and when to close a trade?
๐นDon't hold the entire position to complete the final objective. To put it another way, don't be greedy. Here, we divide our objective into three subgoals.
๐นYou may fix a portion of the position as soon as each goal has been hit by the price, which is possible for each target.
๐นAfter reaching the first target, don't forget to adjust the stop loss level and always comply with risk management.
๐นDon't hold the entire position to complete the final objective. To put it another way, don't be greedy. Here, we divide our objective into three subgoals.
๐นYou may fix a portion of the position as soon as each goal has been hit by the price, which is possible for each target.
๐นAfter reaching the first target, don't forget to adjust the stop loss level and always comply with risk management.
๐ We are excited to let you know that our Welcome Bonus has just gotten even better! All SuperForex clients may take advantage of aโ๏ธ50% Welcome Bonus on each deposit. Trade with greater volume and, as a result, generate more income from your positions.
Our Welcome bonus comes with a number of great benefits:
โ To withdraw profits, you don't need to complete a certain number of traded lots;
โ The bonus is completely integrated into the margin;
โ There are no time limits on trading with the Welcome Bonus.
After withdrawal, the Welcome bonus is not canceled. Learn more about the bonus: here
๐ Apply for the bonus here or in our mobile app. We hope you enjoy this bonus and take advantage of it!
Our Welcome bonus comes with a number of great benefits:
โ To withdraw profits, you don't need to complete a certain number of traded lots;
โ The bonus is completely integrated into the margin;
โ There are no time limits on trading with the Welcome Bonus.
After withdrawal, the Welcome bonus is not canceled. Learn more about the bonus: here
๐ Apply for the bonus here or in our mobile app. We hope you enjoy this bonus and take advantage of it!
๐ We have just added the CBOE Volatility Index (VIX) to our trading instruments list. This makes us one of the few brokers who offer VIX trading on ECN accounts.
The VIX is a popular volatility index used by traders around the world to measure implied volatility in the markets. Now you can trade this instrument and take advantage of market movements.
We are confident that it will be a valuable addition to our trading instruments list ๐จโ๐ป
Choose an ECN account to trade VIX here
The VIX is a popular volatility index used by traders around the world to measure implied volatility in the markets. Now you can trade this instrument and take advantage of market movements.
We are confident that it will be a valuable addition to our trading instruments list ๐จโ๐ป
Choose an ECN account to trade VIX here
Let's have a look at the trailing stop loss tool ๐
A trailing stop loss is a mechanism that allows you to save money while earning profits.
The goal is to shift the stop loss each day (or another interval) under the previous candle. It limits the amount that will be lost but not the potential gain if the trade works to your benefit.
You can set a trailing stop loss manually or using an automated method. Let's have a look at the manual method.
Move the Stop Loss under the day's low after each day has ended. On the third day, the trade was closed via a trailing stop.
A trailing stop loss is a mechanism that allows you to save money while earning profits.
The goal is to shift the stop loss each day (or another interval) under the previous candle. It limits the amount that will be lost but not the potential gain if the trade works to your benefit.
You can set a trailing stop loss manually or using an automated method. Let's have a look at the manual method.
Move the Stop Loss under the day's low after each day has ended. On the third day, the trade was closed via a trailing stop.
Earn an extra 10% on top of your profits with Nasdaq ๐
With SuperForex's new promotion, you could earn an extra 10% on top of your profits when trading with Nasdaq! This is the perfect opportunity to get ahead in this fast-paced market.
All traders who trade #Nasdaq and meet the conditions of this promo will be rewarded with an extra 10% on top of the profits earned during the promo period. This extra funding will be fully withdrawable.
Turbo Trading Nasdaq period will last until September 1, 2022. Registration is already open.
๐ Don't miss out and register here: http://bit.ly/3pbNm2M
With SuperForex's new promotion, you could earn an extra 10% on top of your profits when trading with Nasdaq! This is the perfect opportunity to get ahead in this fast-paced market.
All traders who trade #Nasdaq and meet the conditions of this promo will be rewarded with an extra 10% on top of the profits earned during the promo period. This extra funding will be fully withdrawable.
Turbo Trading Nasdaq period will last until September 1, 2022. Registration is already open.
๐ Don't miss out and register here: http://bit.ly/3pbNm2M
๐ Wall Street amid US corporate optimism despite concerns about a recession, and speculation the Reserve Bank will lift its benchmark rate for the fourth consecutive month.
The Dow Jones Industrial Average rose around 1 per cent, the S&P 500 gained about 1.4 per cent and the Nasdaq Composite added nearly 2 per cent. The S&P 500 and Nasdaq have now posted their biggest monthly percentage gains since 2020.
๐ต #Bitcoin down 1.6 per cent to $US23,709.70
๐บ๐ธ #US: Dow +1% S&P 500 +1.4% Nasdaq +1.9%
๐บ๐ธ #Shares: Tesla +5.8% Apple +3.3% Amazon +10.4%
๐ช๐บ #EU: Stoxx 50 +1.5% FTSE +1.1% DAX +1.5% CAC +1.7%
๐ธ #Spot gold +0.6% to $US1,765.94 /oz
๐ข#Brent crude +2.1% to $US103.97 a barrel
๐ขUS oil +2.3% to $US98.62 a barrel
๐ต #Bonds Yield: US 2.65% Australia 3.05% Germany 0.81%
๐ถStay here to receive more market updates
The Dow Jones Industrial Average rose around 1 per cent, the S&P 500 gained about 1.4 per cent and the Nasdaq Composite added nearly 2 per cent. The S&P 500 and Nasdaq have now posted their biggest monthly percentage gains since 2020.
๐ต #Bitcoin down 1.6 per cent to $US23,709.70
๐บ๐ธ #US: Dow +1% S&P 500 +1.4% Nasdaq +1.9%
๐บ๐ธ #Shares: Tesla +5.8% Apple +3.3% Amazon +10.4%
๐ช๐บ #EU: Stoxx 50 +1.5% FTSE +1.1% DAX +1.5% CAC +1.7%
๐ธ #Spot gold +0.6% to $US1,765.94 /oz
๐ข#Brent crude +2.1% to $US103.97 a barrel
๐ขUS oil +2.3% to $US98.62 a barrel
๐ต #Bonds Yield: US 2.65% Australia 3.05% Germany 0.81%
๐ถStay here to receive more market updates
Fixed Spread vs Floating Spread: Which is better?
Fixed Spread has several advantages and disadvantages.
๐ธ The amount you must pay as a commission is predetermined in advance;
๐ธ Trading restrictions are generally observed during news releases.
๐ธ In most situations, you'll be given 4-digit pricing as well as a fixed spread;
Floating spreads do have some advantages as well, such as a smaller spread in general.
However, there's a potential for wider spreads during news releases or holidays. In the end, it comes down to personal preference.
At SuperForex you can select from a variety of STP accounts with fixed spreads, or apply for ECN accounts with floating spreads.
Fixed Spread has several advantages and disadvantages.
๐ธ The amount you must pay as a commission is predetermined in advance;
๐ธ Trading restrictions are generally observed during news releases.
๐ธ In most situations, you'll be given 4-digit pricing as well as a fixed spread;
Floating spreads do have some advantages as well, such as a smaller spread in general.
However, there's a potential for wider spreads during news releases or holidays. In the end, it comes down to personal preference.
At SuperForex you can select from a variety of STP accounts with fixed spreads, or apply for ECN accounts with floating spreads.
๐1
We would like to let you know about our new trading conditions for Gold.
Now this trading instrument comes with an increased leverage to 1:100 ๐ so that the minimum deposit required to open a trade is reduced to $100.
This will allow traders with smaller accounts to participate in the Gold market and benefit from its price movements.
We invite you to try out our new conditions and see how they can improve your trading results ๐ฏ
Learn more about gold trading: http://bit.ly/3dnyEmY
Now this trading instrument comes with an increased leverage to 1:100 ๐ so that the minimum deposit required to open a trade is reduced to $100.
This will allow traders with smaller accounts to participate in the Gold market and benefit from its price movements.
We invite you to try out our new conditions and see how they can improve your trading results ๐ฏ
Learn more about gold trading: http://bit.ly/3dnyEmY
๐ Weโve just made it possible to trade metals and indices on cent accounts. This means that now just $2 will be enough to start trading with the most popular NAS100 index, and for metals even 1 USD is enough to open a position.
We are always looking for ways to improve our micro cent trading account, and we hope that this new development will make it exciting for you to trade the markets.
๐ If you are interested in trying out the new available instruments, open a cent account to get started: https://superforex.com/micro-cent-account
We are always looking for ways to improve our micro cent trading account, and we hope that this new development will make it exciting for you to trade the markets.
๐ If you are interested in trying out the new available instruments, open a cent account to get started: https://superforex.com/micro-cent-account
Many traders have likely seen fake trend breakouts during their trading sessions. For those who are not familiar with this, let's take a closer look.
A fake breakout is a brief price movement above the resistance level that is followed by a return to the previous level.
๐กWhen volume does not confirm the price movement, it is an indication that a fake breakout might have occurred.
On the volume histogram beneath the price chart, we observe a weak breakout when the volume falls during an upswing in value and does not confirm it.
A breakout is confirmed when the volume rises with the price increase ๐ and accompanies it.
It means that the upward trend โฌ๏ธ has started.
A fake breakout is a brief price movement above the resistance level that is followed by a return to the previous level.
๐กWhen volume does not confirm the price movement, it is an indication that a fake breakout might have occurred.
On the volume histogram beneath the price chart, we observe a weak breakout when the volume falls during an upswing in value and does not confirm it.
A breakout is confirmed when the volume rises with the price increase ๐ and accompanies it.
It means that the upward trend โฌ๏ธ has started.
๐1
๐กThere are different types of confirmations traders can use when making decisions about whether or not to enter a trade.
๐นPrice action confirmation based on different types of candles and candlestick patterns is one option.
๐นConfirmation from an indicator is thought to be precise, and many traders rely on this option, using anything from a basic moving average to more complex composite algorithms.
๐นThe Fibonacci method can be utilized to confirm or refute an identified zone, and while this form of confirmation is not as precise as other methods, it may still be useful.
๐นFinally, divergence and convergence can be confirmed relatively reliably because they take into account price movement as well as changes in volume.
๐นPrice action confirmation based on different types of candles and candlestick patterns is one option.
๐นConfirmation from an indicator is thought to be precise, and many traders rely on this option, using anything from a basic moving average to more complex composite algorithms.
๐นThe Fibonacci method can be utilized to confirm or refute an identified zone, and while this form of confirmation is not as precise as other methods, it may still be useful.
๐นFinally, divergence and convergence can be confirmed relatively reliably because they take into account price movement as well as changes in volume.
#XAUUSD
๐ Gold analysis!
The metal formed a double top pattern,
moving closer to the nearest target of 1960.
๐In case of a breakout, we expect XAUUSD to gain momentum and reach the support of 1890.
Will you sell the metal? Give us โค๏ธ reaction if you want more analysis today!
๐ Gold analysis!
The metal formed a double top pattern,
moving closer to the nearest target of 1960.
๐In case of a breakout, we expect XAUUSD to gain momentum and reach the support of 1890.
Will you sell the metal? Give us โค๏ธ reaction if you want more analysis today!
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