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Beginner investors using robo-advice platforms are likely have faced a sudden and severe downturn in their portfolios after several years of consistent, if shallow, growth.To get more news about td ameritrade new zealand, you can visit wikifx.com official website.
"World equity markets had a strong year in 2019 and investors who either started their investment journey or held their nerve to ride out the volatility of markets at the end of 2018, benefited from this performance," says Neil Alexander, Nutmeg's new CEO.
The late-2018 volatility may begin to look like a picnic compared to what has already been witnessed in 2020 and is still likely to come.
This was most recently brought home on March 20th when the Dow fell more than 500 points as the price of US crude slid to a record -$40.32 a barrel with lack of demand making it more costly to store oil than sell it.Such volatility may prove too hard to stomach for many beginners to investing who hold portfolios with robo-advice platforms like Nutmeg.
Financial inclusion is supposed to be one of robo-advisers' chief selling points, providing a low-cost, easy-to-access platform that anybody can use to gain exposure to bonds, stocks and funds. Investing is meant to be no longer just the realm of the rich and the financial expert: younger people and those with minimal capital and experience can join the fun as well.
Thus far, however, this does not appear to be the case. A recent research paper by Deutsche Bank found that the typical client of a digital wealth manager in Germany is aged between 45 and 54, is 80% likely to be male, and earns a salary three times the median income.
Senior Deutsche economist, Orçun Kaya, told Finextra Research that this conclusion was "surprising and paradoxical," and suggests robo-advice platforms need to become more polished and well-rounded offerings to broaden their appeal.
They also may be struggling to identify their core demographic. While the digitally-centric offering would hold more appeal to beginners, seasoned investors (with more capital to put up and therefore more appealing from a profitability perspective) may be put off and seek a more traditional service.
"Many investors are accustomed to either managing their own portfolios or meeting face-to-face with a financial professional who does it on their behalf," Keith Denerstein, director of investment products and guidance at TD Ameritrade says.
"There's an initial sense of trepidation when that advisory relationship moves to a digital environment."Denerstein does however see an increasing number of people willing to embrace new technologies, particularly as robo-advice platforms establish track records of positive customer response.
Furthermore, supplementing digital wealth platforms with machine learning tools would enable TD Ameritrade, Nutmeg and others to cater digital experiences to the preferences of their clients.
"Of course, humans will continue to play a role for those seeking a human/digital hybrid experience," Denerstein sums up.Entering a sustained period of downward traffic across global markets, users of robo-advisers could be looking for a greater human-led service to help steer them through the choppy waters.
This is where high-street banks and other incumbent financial institutions may seize the opportunity to plug this advice gap.
A recent report by Deloitte highlights the decline in both new investment platforms coming to market and in the funding they are attracting. This points to incumbents entering the market either through acquisition of robo-advice platforms or launching their own, as TD has done. Lloyds Bank and Goldman Sachs both plan to do the same later this year.
However, this has proved a tricky move to make. Investec closed its Click and Invest service in May 2019 citing a lack of appetite from consumers. In August 2019, UBS discontinued its own automated online investment service, believing its potential to lure young investors was limited. Both closures came only two years after their respective launches.The problems then lie deeper for the likes of UBS, Investec and potentially Lloyds and Goldman Sachs. They have to contend with legacy business models, as well as legacy systems.
Therefore, the trend of traditional financial institutions buying up smaller challenges or partnering with technology giants will probably continue.
Desde hace algún tiempo nuestro equipo ha estado trabajando para poder ofrecerle las mejores oportunidades de crecimiento que se nos avecinan. Ahora, en un paso más hacia adelante, nos convertimos en BiG - Banco de Inversión Global - para aportar más valor a nuestros clientes sin que nuestro compromiso se vea afectado en ninguna medida y ofreciendo más ventajas, entre las que podemos avanzarle:To get more news about dif brokers, you can visit wikifx.com official website.
Integración en un grupo líder en solvencia y gestión, con más de 22 años de experiencia en los mercados financieros y una base sólida de Fondos Propios* con más de 420 millones de euros y 5.200 millones de euros en Activos bajo Supervisión**;
Core Tier I constantemente por encima del 30%, lo que nos sitúa muy por encima del sector, y ninguna emisión de deuda, lo que demuestra la fortaleza financiera del Banco desde la perspectiva regulatoria;
Oficinas en pleno corazón financiero de Madrid situadas en la calle Serrano 67;
Supervisados por Banco de España con número de Registro 1569;
*Informe consolidado 2020
** Informe consolidado 2020
Nada cambia en su relación con nosotros: el servicio prestado por DIF Broker seguirá siendo el mismo y continuará beneficiándose de los valores y seguimiento del equipo.
In other words, Demo trading is a kind of trading simulator or practical account that allows you to practice daily with a wide range of financial instruments and other financial markets.
Trial trades are provided with simulated money. This method allows you to create strategies while being familiar with market conditions. The only difference between a demo trading platform and a real one is that you do not use real money. In this way, you will gain a complete experience of markets and trading platforms without any risk.
Whereas demo trading platforms are funded with “simulated money”,; Your mistakes will not lead to the loss of your real capital. To put it another way, demo trading allows you to start and do daily trading without any initial capital. Moreover, these platforms help you react to volatile markets and make the most of price fluctuations.Crypto demo trading platforms are an ideal place to fine-tune your strategy. Without losing your real investment, you can learn from your mistakes and make your trading plan work in the future. Some common mistakes in online trading can be costly if you do not try them out in the first place.
Once you have your market and strategy in mind, you can reverse your trading plan or try to move forward. Retesting can be helpful. Forward testing enables you to run your plan with more confidence in real-time when dealing with trading pressures.
No matter how effective your strategy may be, there will eventually be days when the market moves in the wrong direction. However, investing in a demo platform will allow you to stick to your plan. In addition, this may help to adjust your position until the market situation returns.
Before starting to review and perform experimental trades, it should be noted that this method, in addition to its advantages, also has some limitations.
Demo accounts usually perform better than real trades. Since these accounts usually fill the market order with the price shown on the screen. However, in a real market, there are price fluctuations. This can lead to the orders not being filled with the expected price. Therefore, calculating the previous profit may be challenging for the trader.
Typically, a demo platform allows you to choose the amount of capital you want to trade. Unfortunately, as a result, many people are investing more than they do in real-time trading. Therefore, individuals may not pay for the expensive tools they have chosen when using trial accounts.
Although demo trading platforms use unreal money, some brokers receive an initial deposit from users to use their accounts and trading trades. Thus, check this out before signing up for a demo account. In addition, in these platforms, trades are almost always made at the trader’s request, regardless of specific factors. However, in the case of actual online transactions, price changes made during the submission and execution of the transaction request may result in the rejection of the transaction. Consequently, you need to prepare for re-pricing and update your price again.
The thrill of trading can cause many people to trade too much on demo accounts because there is no real money. This can become a habit of overselling. However, when making real trades, you must learn to trade the right amount of capital.
Mentioning some of the disadvantages of experimental trades does not necessarily mean that you should not use this method. Instead, mentioning these will alert you to the potential risks and pitfalls of starting a real online business.
Receiving , managing and negotiating offers online is not something new, but it is increasing in popularity due to the wide spread multiple offer situations that exist in the current market. eBrokerHouse has been the leader in this service for the last 4 years and we are quickly transforming the offer process on a national scale to one that is more transparent to all parties involved and easier to manage for the listing agent.To get more news about idealing, you can visit wikifx.com official website.
There are many benefits to all parties involved. The list agent is able to receive all of their offers into one central location in one standard format. This reduces clutter, missing documents and keeps you and your team organized. List agents can make certain info and documents required to be submitted with the offer, limit financing types accepted, set a highest and best date, attached addendum that need to be included, and much more to ensure each offer comes in complete with all info needed to present to the seller.
We here from agents all the time that they suspect or know first hand of situations where their offer was never even presented to the seller or the bank in short sale and REO transactions. Even though their offer may have been stronger than the one that is ultimately accepted. We have spoken to agents that see an increasing trend of brokers selling their short sale and REO properties in house to double end the deal. Because they receive multiple offers on a property due to the low inventory that exists in most markets across the country, they can pick and choose which ones to submit to the bank. If list agents are questioned buy a buyer's agent as to why their offer wasn't accepted, some answers they receive range from "we never received your fax or email" to "I don't know the bank liked the other offer better".
We have been told first hand accounts of the following scenarios:
1. In a shot sale the seller doesn't want to move and wants to rent the house back. So the list agent only submits offers from an investor that has agreed to rent the property back to the seller or a family member of the seller that has agreed to do the same.
2. The list agent knows an investor that wants to flip the property and will give the agent the listing when its time to re-sell it. So the list agent makes sure that the investors offer is the best one submitted to the bank so they can sell the same house twice.
3. The agent has a family member, friend or client that is interested in buying the house so they ensure that their offer is the best one submitted.
4. Brokers wanting to double end transactions ensure that an offer from another agent in their company is the best one submitted to the bank.
5. List agents lying about how many offers have been submitted to entice offers quickly and at higher offer prices.
These are valid and real things happening out there, but are very hard to prove. Proving that your client's offer wasn't lost in the email abyss or the fax machine wasn't out of ink, is hard to do. When a list agent uses eBrokerHouse they not only totally streamline their offer review, management and negotiation process, but also provide buyers and buyer agents with a transparent offer process that leaves no suspicion of fraud or negligence.
Buyers' agents will ensure that their offer is always received by the list agent. You get a confirmation email and an amend link that will allow you to amend your offer at any time and also see all of the details of your offer at any time.
Buyers agents can view the amount offers submitted before submitting an offer.
Once an offer has been submitted a buyers agent can always see the status of the offer through the amend link mentioned above and isn't left leaving message after message with the list agent to check the status.
Dizzying technological developments paired with constant upskilling have brought about a change in the Indian economic model. The introduction of hyper-personalization, Flexi-staffing, and gig-economy are gradually changing the concept of employment as well as consumption patterns. India already houses more than 47 startups, a rising number of nascent entrepreneurs, and a total of 27 percent Gen Z population [as per the EY analysis of World Bank Population Projections and Estimates .To get more news about hankotrade reviews, you can visit wikifx.com official website.
Despite the shift towards more inventive and progressive ideologies and technologies, our tendency to remain risk-averse regarding our lifestyle and career seems to sustain itself. In a context like such, with the volatility brought about by Covid 19, adopting Non-linear thinking in business models is the need of the hour. Ronnie Screwvala, Co-founder and Chairperson, upGrad recently released a report on the subject. The entrepreneur, philanthropist and author spoke to Deepak Lamba, CEO, Worldwi ..
Although a strong arbitrage economy, India lacks concern regarding intellectual property. Most of the most value-generating tech firms globally are still emerging from the US and a few from other European countries. While Indian entrepreneurship is coming of age especially with more funding and stellar IPOs, we have a long way to go when it comes to building product companies.
According to the World Economic Forum, by 2025, there is a possibility of 85 million jobs being displaced due to the division of labour between humans, machines, and algorithms. However, 97 million new job opportunities will also surface due to the same. It is significant to consider that our rootedness in past-based security may paradoxically end up becoming the greatest hazard to our economy.
As per a Harvard study, cognitive psychology has proved the human mind’s struggle in understanding non-linearity. However, a business cannot be truncated and success cannot be measured in just outcomes and implications. Today, the conventional strategy of assessing future performances through past outcomes fails to be effective. As the past becomes less relevant, advances, circumstances, and resources also face a change. Through risk-taking and assessing success-failure ratios, non-linearity ins ..
As per a Harvard study, cognitive psychology has proved the human mind’s struggle in understanding non-linearity. However, a business cannot be truncated and success cannot be measured in just outcomes and implications. Today, the conventional strategy of assessing future performances through past outcomes fails to be effective. As the past becomes less relevant, advances, circumstances, and resources also face a change. Through risk-taking and assessing success-failure ratios, non-linearity ins ..
Senior employers are often not well-versed in emerging skills, and owing to their seniority and experience, it may be different for them to admit their shortcomings. However, showing vulnerability is an integral part of good leadership. According to a study by Michelle McQuaid, the willingness to be vulnerable makes leaders more relatable and trustworthy. Moreover, it helps establish a space where taking accountability goes hand in hand with a willingness to accept feedback. Inability to do so c ..
With India preparing for industrial advancements, it is significant that the economy entails more job creators than job seekers. To the same end, we must value skills and redefine education as a continuing process beyond degrees. Furthermore, leaders must look into creating a hybrid between specialists and generalists.
Although the global impact of Covid-19 has catalysed a need in business models to constantly rework their strategies, it is apparent that risk-aversion has become more common among people. To become a 5 trillion economy, we need to move past the comfort of the cost arbitrage approach to creating products and intellectual properties along with owning patents. When it comes to nascent and aspiring entrepreneurs, they must realize that permanently sticking to a job is never guaranteed and that the ..
Although ideologically and technologically progressive, Generation z exhibits greater risk-aversion pertaining to investments and career. With constant economic disruption and changes in the model of education, it is the need of the hour for the up and coming generation to adopt the intellectual model of non-linear thinking and pave the way for open-innovation beyond the precedent logic. According to the RBI report about the Start-up India Programme, 45.1% of the people partaking in entrepreneur ..
^Cryptocurrency products are only available to Professional and Eligible Counterparty Clients under Forex Capital Markets Limited ("FXCM LTD").To get more news about rostones, you can visit wikifx.com official website.
*These highlights come from orders that executed through FXCM Group from 1 June 2021, to 30 June 2021. Data excludes certain types of non-direct clients.1Percentage of executed client trades# in June 2021, which were executed at the price clients requested.
2Percentage of executed client trades#
in June 2021, which were executed at a more favorable price than the price clients requested.
3Percentage of executed client trades#
in June 2021, which were executed at a less favorable price than the price clients requested.
4This defines the amount of time between when we receive the order until execution. This excludes internet latency and post trade booking.
5This data is compiled forex and CFD trading data from FXCM’s Active Traders for 1 June 2021, to 30 June 2021. The data reflects average spreads made available to FXCM clients during all trading hours.
6This data is compiled forex and CFD trading data from FXCM’s Active Traders for 1 June 2021, to 30 June 2021. The data reflects the spread at which trades were executed by FXCM clients during all trading hours.
#Client trades here cover stop, limit, “at market”, and entry orders. Certain non-direct clients are excluded from the data.
Limit and limit entry orders would only execute at the requested price or better and cannot receive negative slippage. Price improvements are subject to available liquidity.
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.
Desktop scanning reaches a new level of development with the introduction of the Zfx™ Evolution NEXT. Compared with its predecessor, it digitizes models virtually silently in even shorter time and with high accuracy. It is therefore the ideal partner for everyday laboratory tasks.To get more news about zealfx, you can visit wikifx.com official website.
In the interests of easy handling, like its predecessor, the Zfx™ Evolution NEXT has no door, and needs little space thanks to its compact design. The scanning area has nevertheless been enlarged, now even enabling a pair of models to be digitized in the articulator without any difficulty (360° articulator scan, Optional available from Q1/2022).
The further increased measuring accuracy of less than 6 µm in the solid (1,800 cm³)* is the result of an axis system with position controller for rapid, accurate positioning (high-speed/high-accuracy positioning) and the advanced scanning technology. The Zfx™ Evolution NEXT is a digital stripe-light scanner which projects customized stripe patterns on the object to be scanned using a visible high-speed LED. The projector operates silently based on FULL HD-DLP technology (Digital Light Processing). Two color cameras with a resolution of 2,048 x 1,536 pixels are responsible for high scanning quality. The calculation time for the virtual 3D model is reduced as the generated images are processed directly and simultaneously.
The proven features of the Zfx™ Evolution NEXT include Open Scan technology with data output in PLY and standardized STL format. The STL data are also compatible with additive manufacturing processes (ready for 3D printing). The scanner is also equipped with the “Texture Mapping” option, by means of which markings plotted on the model can not only be displayed but also processed in the CAD software as a cSpline (mathematical function). Finally, the popular multi-die option enables twelve individual segments, such as stumps, to be measured simultaneously.
With this combination of proven and innovative components, the Zfx™ Evolution NEXT is more than ready to meet the high demands of modern dental technology. It not only impresses with regard to efficiency and accuracy, but also thanks to a particularly attractive purchase price. This makes the investment decision so much easier.
The USD/CAD spiked to a two-week high at 1.2761 on Wednesday following a press conference by the Canadian central bank, the Bank of Canada.To get more news about clover4x, you can visit wikifx.com official website.
The Canadian dollar declined in value after the Bank of Canada announced it will maintain interest rates unchanged at 0.25% in order to stimulate the economy despite looming inflation fears.
The BoC also decided to leave its monetary policy unchanged and to continue its quantitative easing (QE) program by buying bonds at a pace of C$ 2bn on a weekly basis.
On the topic of surging prices, central bankers expected inflation to ease as the economy expanded. While the current rate of consumer price inflation is above 3% on an annualized basis, the Canadian central bank projects inflation will come down to about 2% in mid-2022.
The continued monetary support and ultra-low borrowing conditions weighed on the Canadian dollar as traders were closely monitoring the event.
The USD/CAD pair advanced nearly 150 pips, or about 1% shortly after the news. Buying momentum, however, faded relatively quickly and the exchange rate was soon back near unchanged levels for the day.
By the end of Wednesday’s market session, the USD/CAD gained about 40 pips, or roughly 0.3%, to finish the session at 1.2675.On the technical front, the USD/CAD pair logged its third straight day in green territory yesterday. On Tuesday, it climbed above the 200-day moving average after having dived below it a couple of days earlier.
The USD/CAD has been in a bumpy upside move since June 1 when the pair traded at a six-year low near 1.20. Over the period of about three months, the USD/CAD exchange rate has climbed about 670 pips or 5.5% to the current market price.
The currency market on Thursday is relatively quiet as traders expect to hear the latest news from the European Central Bank. The ECB is set to announce its interest rate decision and to provide updates regarding its monetary policy. Heightened volatility could be expected at the time of the event.At Clover4x, both experienced and new traders will enjoy a new and fresh take on Forex. Our team is focused on bringing you the safest platform on this side of the rainbow, ensuring your pot of gold is secure at all times.
We also have convenient and faster tools to fund your account, while providing many innovative opportunities for success. With some of the quickest deposit and withdrawal times around the market, you will be ready to enjoy FX in no time.
Making Forex accessible and safer is our goal on Clover4x. We aim to provide an open and clear platform that allows traders of any budget or walk of life to thrive in the Forex market. With our platform, you can start filling your golden pot today!
People are getting excited about cryptocurrency. However, where there is excitement, there is often danger. Unfortunately, the number of fraudulent crypto brokers is greater than regulated and legitimate financial services. Because of the increase in online trading and deals on social media, crypto scams have found more ways to reach people who want to make fast money and are new to cryptocurrencies.To get more news about brighter tade, you can visit wikifx.com official website.
Unfortunately, many of these brokers use these opportunities as a way to trick people out of their crypto coins. After investigating these suspected crypto scams carefully, we are adding BrighterTrade to the blacklist.
We don’t like accusing brokers of being fraudulent or jumping to false conclusions. However, after reading countless reviews, looking at regulators’ sites, perusing their alerts, keeping up with news about fraudulent crypto brokers, and using our proprietary investigation methods, we have concluded that consumers should stay away with BrighterTrade because it seems to be a crypto scam.
We urge people who hold an account with BrighterTrade to close it and to demand an immediate withdrawal of all of their funds. However, brokers who are involved in fraud will not release funds and will make excuses or charge huge fees for the right. If this happens, report to ChargeBax right away and we will guide you on your next steps.
Chargebax understands how to deal with fake brokers and cryptocurrency schemes. We have the expertise and the right strategies to make your chargeback, wire recall, or crypto recovery case successful. We consult with clients and develop strategies to bolster your claim and help you recover your funds. Talk to our professionals today.
BrighterTrade may seem like any other broker. It may have a nice website or active social media page, have a friendly approach, claim to have a valid license, and gives you an offer you don’t feel you can refuse–perhaps 1% return a day on bitcoin trades. You do the math and realize that soon you will be seeing triple-digit returns.
So what can you lose? All of your money. Not all crypto scams are blatant. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more. Sooner or later, customers do not want to believe that brokers like BrighterTrade are cheating them because they have invested so much of their money already that want the bad dream to be over.
However, with fraudulent brokers, the only end to the bad dream is successful fund recovery, because they do not return money to their victims willingly. That can only start by ending the denial, closing the account, and if that doesn’t work, enlisting the aid of fund recovery professionals like Crypto Trace.
We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is no way of verifying if these reviews are created by actual customers.
Often these reviews are generated by those associated with shady schemes to bolster their reputation. Other reviews may be a smear campaign against competitors. This isn’t to say that customer reviews should be ignored–they certainly should be taken into account–but they should not be a sole source of information about brokers.
We have done a deep dive into information from regulators, details about the site have applied our tested method, and have determined that BrighterTrade is a suspected crypto broker. Having a license is like a driver’s license. You would not step into a car of a taxi driver that does not have a driver’s license. Similarly, you should not sign up with a broker that does not have a license.
However, not any license will do. The license must be up-to-date and genuine. Plenty of brokers falsely claim to have a license and may even present a thoroughly counterfeit image. This is why it is important to verify all licenses on regulators’ websites.
Third-rate or offshore licenses may seem satisfactory to some consumers, but they are not worth the virtual paper they are written on. These fake regulators grant licenses in exchange for fees and do not perform any inspections or deal with customers’ complaints.
BrighterTrade has been called out for not having adequate licensing. Any of the above scenarios may be the case with BrighterTrade. The bottom line is that this broker does not have an adequate license.
Precious metals rallied as the Fed didn’t hike the rates more than 0.25% and there were no indications in Powell’s speech that the Fed would hike 0.5% in May. This lifted stocks and gold after stock markets had been already bullish on (possibly) promising news that Russia and Ukraine might have an acceptable peace deal drafted. According to Reuters President Zelenskiy said negotiations were becoming “more realistic” and Russia said proposals under discussion were “close to an agreement”. As a result, stocks put in solid gains in Europe and US. Australian employment numbers surprised today (77.4K vs. 36.0K expected) and AUDUSD has continued yesterday’s rally. Today’s main risk event is the BOE rate decision (a 0.25% hike to 0.75% expected). By reading further, you agree with our disclaimer at the end of this report and acknowledge that we do not provide investment advice.To get more news about tiomarkets depósito, you can visit wikifx.com official website.
I have included Target 1 (T1) and Target 2 (T2) levels (or ranges) in this analysis so that you have an idea of how far the market would probably move if price action supports my trade ideas. The target one is a high probability target while the next target is further away and therefore there’s a greater risk that the market doesn’t reach the level. While I don’t provide investment advice my analysis helps you in your own market analysis and then you can decide how to trade the markets.
XAGUSD hit my 25.04 target in the FOMC induced rally yesterday. Earlier in the day, the market rallied to 25.00 before profit-taking started. Silver moved down to 24.53 where buying started and after the FOMC a strong rally took the market beyond my 25.04 target. My idea was to buy strength above 24.88 which worked fine but obviously, there was nothing wrong with buying the bounce from 24.53. It was a wild ride. Hope you made some points!
Now silver is trading above the 25.04 level and is bullish above it. I said yesterday: “If the market rallies decisively above the 25.04 resistance, the market could move even higher…” So here we are. Silver has created a double bottom and rallied above the neckline of the formation. Often such strength is accompanied with weakness in equities but not this time. In today’s trading, I’m interested in buying silver above 25.04 if price action confirms the trade ideas. If for instance we get a retracement and a bounce from 25.04 my T1 is at the 25.26 – 25.40 range. The nearest key price levels are at 25.04, 25.40 and 25.45. Alternative scenario: If silver drops fast through the 25.04 support and the bears keep on selling the market there, silver would be likely to trade to the 24.46 – 24.65 range.
USOIL traded to my T1 range (at 97.66 – 98.25) and sold off. I pointed out in yesterday’s analysis that oil was showing some signs of strength after retracing back to 50% Fibonacci level and that a breakout from a bearish channel points to a reversal in the price of oil. This analysis is still valid. Crude is now consolidating above 92.30 and in my mind bullish above this level. My T1 for today’s trading is the 97.40 – 98.30 range and T2 at the 100.80 – 101.30 range. Alternative scenario: Oil breaks the 92.42 support decisively and trades to 87.15.
USNGAS also hit my first target level yesterday in the US session. The high was 4.802 (my T1 range was 4.792 – 4.838) and now the market is once again trading near to the 4.726 key level I wrote about yesterday. I am still interested in long trades in this market. I’m looking for buy opportunities above 4.670 with T1 at 4.802 and T2 at 4.850. Alternative scenario: Market down to the 4.495 – 4.58 range on a break of 4.670 support. However, the idea of buying strength above the 4.670 support stands even if the market first trades below the support level. We’ve seen often that in these volatile markets there are long trade opportunities above key levels even if these levels have been penetrated earlier. Please remember though that we have to always see price action that supports the trade idea in order to justify the trade. Otherwise, we are just gambling and that’s not what successful trading is about.
Macro Drivers for the USD As the most followed, invested and traded markets for risky assets are priced in the USD it is helpful to understand what macroeconomic factors impact the other side of the equation, the USD. Whether we are trading EURUSD, XAUUSD or US equity CFDs the factors impacting the dollar, the nominator in the equation, have a significant role in the formation of all medium to long-term price action. The following table summarises the most important fundamentals.