What's happening with the Fed? On June 19th, 2019 as expected by most market participants, the Federal Reserve has decided to leave rates unchanged. However, as we have noted in our previous article, the Fed has changed their language, adding...
US Dollar weakness Gold bullish run is still in play In the last few months, price action in gold has been erratic, to say the least, and the main reason is that if we look at the bigger picture...
What happened? German industry gets hit by the biggest downturn since 2009. German industrial output, which includes Germany’s dominant factory sector, dropped 5.3 percent in October from the same month in 2018, as reported by the Federal Statistics Office. This...
In Wednesday's colloquium, former ECB President Mario Draghi's speech focused on how new challenges such as technological innovation and globalization affect monetary policy. "The issues facing monetary policy can be divided into 2 questions," said Draghi. The first one...
What happened? As we have covered in our previous article, the Fed has recently (July 31st) cut the interest rates by 0.25 percentage points (however, not as dovish as President Trump would have liked). The very next day (August 1st)...
What’s up? The Turkish lira has weakened versus the US dollar on Monday. USD/TRY keeps trading with great volatility after having a rollercoaster week. The currency suffered after a local election which took place in Turkey on Sunday. Why is it...
Financial freedom and prosperity is very hard to achieve. It’s so hard that the majority of people never even achieve it. In fact, over 60% of the American population have under $1000 in savings and over 50% of the...
Earlier this week the Federal Reserve, the Reserve Bank of Australia and the Bank of Canada all cut rates by 0.5 percent to face the repercussion of the coronavirus in the markets. Let's talk first about how this pandemic...
Prime Minister Theresa May presented her new improved deal to Parliament today following her efforts to pass a deal and have a soft Brexit. When news hit the wires that PM May was going to make a statement on...
EUR/USD holding 1.1200 97.50 DXY fails President Trump comments on monetary policy ​​​​​​​The EUR/USD has been trading down inside a bear channel for the best part of the year now and has dropped 2.27% since it peaked and tested...
What happens when a trading learning platform meets the real-life stories of those who work in trading? All of a sudden everything makes sense because the learner can relate to other traders and the financial world stops being an alien...
Today, the European Central Bank announced what many had been waiting for since 2017: it announced the details behind the bank's plan for stimulus exit. The current program is set to expire in September and runs at 30 Billion Euros...
What happened? In this article, we are going to examine two specific market reactions that came about recently. That is one overreaction and one underreaction. On July the 5th, as usually happens on the first Friday of every month, 8:30...
Introduction Since the Great Recession, central banks have taken both conventional and unconventional (Quantitative Easing) monetary policy measures to fight the economic slowdown and maneuver the economy out of a recession. Key central bank interest rates were slashed, and new...
The DXY broke with a long term bull structure FOMC delivers a very dovish statement Trade war with China takes a toll at the US economy The US Dollar index just broke with a very important long term bullish...
EUR/USD bounced from the 123.6% after Draghi 1.1250 is previous structure base $DXY holding at 97.30 After Mario Draghi said last week that the ECB expected rates to remain at record low levels at least through the end of 2019 the EUR flushed and...
What happened? For decades, Switzerland had one of the lowest interest rates in the world. Since interest rates in Poland and many other Central/Eastern European countries were much higher, this encouraged borrowers to take out Swiss franc-denominated mortgage loans that...
What happened? On October 16th the IMF held a conference called "Can Central Banks Fight Climate Change?". During the conference, panelists discussed how central banks can adjust their regulatory and monetary policy frameworks to deal with the uncertainties associated with...
Bullish channel still intact Bearish flag has broken First POC in sight Gold has broken a bear flag after topping and testing at the 1318 level which is also the 61.8% of the last leg down. Now that we...
Hello traders! Last week we had great results in our forex channel finishing up the week 668 pips in the bank and one of our best trades was a short position in Gold. We were monitoring gold for a bearish continuation...
What happened? Fitch has recently (29th of November) published a report warning that the Eurozone could end up in a Japanese-style stagnation. Weak economic growth, coupled with low inflation could lead the bloc to follow the forbidden path of Japan...
What happened? The US stock market hit record highs while investor confidence, reacting to a worsening economic outlook, has deteriorated. The S&P500 large-cap index has closed at 3065 on Friday. It is the highest ever daily close on record. This...
What happened? On July 25th the ECB came to a decision to leave the main interest rates unchanged. In their own words, "the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and...
What happened? Mario Draghi has recently come out to call for a unified fiscal stimulus effort by the Eurozone members. So did the newly elected ECB president Christine Lagarde. As Lagarde takes over on the December 12th ECB meeting, this...
Forex is trading one currency against another. Many external factors move currencies, like interest rates and geopolitics. Because Forex does not involve owning the underlying asset but simply taking a position on its price movement, it's much cheaper to...
Risk of hard Brexit increases Deadline: October 31st On July 24th, 2019 the new Prime Minister of the U.K. took office and within 24 hours of assuming the premiership he replaced more than half of Theresa May's cabinet with hardline Brexiteers...
112.00 sees bearish pressure $DXY trading under 97.00 After soaring for 110 pips the USD/JPY sees bearish pressure again at 112.00 and 113% retracement of the last leg down. It wasn't a surprise though, this level was tested fiercely...
You’ve probably read that “2% a day” or “10% a week” are realistic goals. That is simply false. In the long run, these returns are difficult to implement. 2% per day means 14,000% per year. So why is 100% in...
Continuation pattern in play US retail sales ahead Let's talk about the US Dollar. The US Economy has been adding job at a better than expected rate, unemployment is at 49-year-low and even though the US GDP growth has...

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June 6 2021

Real Money Account Update – June 2021

June was kind to us and we were able to make significant gains. The well-known benchmarks, on the other hand, only ran sideways, so...