Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

  1. Welcome to Traders Laboratory

    1. Beginners Forum

      Interested in trading but don't know where to start? Post any questions you may have here.

      14965
      posts
    2. General Trading

      Anything related to trading and the markets goes here.

      18402
      posts
    3. Traders Log

      Forum for EOD trade logs and feedback.
      12311
      posts
    4. General Discussion

      Need to take a break? Talk politics, business, entertainment, etc... Anything goes!
      10919
      posts
    5. Announcements and Support

      Have any questions regarding the site? Submit a support ticket here and check for important announcements and messages by Traders Laboratory.

      2732
      posts
  2. The Markets

    1. Market News & Analysis

      Forum dedicated to news, fundamental outlook, intermarket analysis, and macro & micro analysis.

      11857
      posts
    2. E-mini Futures

      S&P, Dow, Nasdaq, Russell, Dax and more - index futures

      12242
      posts
    3. Forex

      Discussion forum for Forex traders - all forex pairs

      12627
      posts
    4. Futures

      Trading commodities and currency futures

      4588
      posts
    5. Stocks

      Stock traders discuss your trading here

      5122
      posts
    6. Options

      Options traders discuss all your long and short term options trading here

      1040
      posts
    7. Spread Betting & CFDs

      Discuss methods and techniques for spread betting and CFDs

      106
      posts
  3. Technical Topics

    1. Technical Analysis

      The technical discussion forum for traders.

      18790
      posts
    2. Automated Trading

      Black box systems, strategy automation, algorithmic trading, etc...
      3099
      posts
    3. Coding Forum

      Collaborate, receive help, or discuss indicators and other coding-related topics
      6414
      posts
    4. Swing Trading and Position Trading

      Discussion forum for swing trading strategies, ideas, and insights. Shorter term swing trading and longer term position trading.
      2898
      posts
    5. Market Profile

      Are you a market profile trader? Post here.
      6237
      posts
    6. The Wyckoff Forum

      Welcome to the Wyckoff trading forum.

      7564
      posts
    7. Volume Spread Analysis

      Dedicated for VSA method and trading.
      5269
      posts
    8. The Candlestick Corner

      All about candlestick charting.

      3017
      posts
    9. Market Internals

      Discussion forum on market internals, pit noise/action, and price action to determine the overall strength/weakness of the markets.
      483
      posts
    10. Day Trading and Scalping

      Discuss methods and techniques for intraday trading. Day trading and scalp traders meet here.

      5746
      posts
    11. Risk & Money Management

      Risk and money management related topics.

      1381
      posts
    12. Trading Psychology

      How do we learn to conquer our fear and greed? Discuss the mental aspects of the game.

      6817
      posts
  4. Trading Resources

    1. Trading Indicators

      Share, download, and discuss trading indicators.
      3428
      posts
    2. Brokers and Data Feeds

      Discuss brokers and data feeds here - forex, futures, stock, options
      4481
      posts
    3. Trading Products and Services

      Section for discussing trading-related products and services.
      1313
      posts
    4. Tools of the Trade

      Discussion forum for software, hardware, and computer related topics
      2293
      posts
    5. The Marketplace

      Buy, sell, trade. No commercial vendors allowed!
      115
      posts
    6. Commercial Content

      Section for commercial posts and advertisements

      718
      posts
    7. Listings and Reviews

      See trading product listings and reviews. Covers trading platforms, brokers, books, services and software

      1523
      posts
    8. Trading Dictionary

      Terms and definitions for active trading, forex, futures, stocks, and options
      1265
      posts
    9. Trading Articles

      A collection of articles and resources. Feel free to submit your articles using our article guidelines.
      3922
      posts
  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
  • Topics

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.