Both Powell’s testimony and Bank of Canada’s monetary policy announcement are happening tonight. We should expect huge volatility in USD/CAD.
If all the presidents want a rate cut, shorting its currency would be ideal before its meeting; short dollar during Powell’s speech this week.
Traders are buying stocks as tension between China-US ease, buy USD/JPY?
Most forex traders would have come across this phrase somewhere along their trading journey: “The trend is your friend, until it ends.” Many make the mistake of trading in all market conditions or they feel lost when their strategy doesn’t work during certain periods. This is especially so when the market is erratic or too choppy, which results in your trading accuracy and effectiveness to fall.
When you put money into stocks or any other financial instruments, the first thing you do is to look at its returns. If we give you two separate funds that give you the same returns and drawdowns, the next thing you would want to compare is trustworthiness.