US Inflation Numbers Fuel Downside Breakout of Long-Term Triangle Pattern

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Introduction: The recent breakout in the financial markets has brought attention to a long-term triangle pattern that began forming in February 2023. On July 12, 2023, the breakout occurred as a response to the release of the year-over-year (YoY) inflation numbers, which came in lower than expected at 3%. This blog post delves into the significance of this technical pattern and how the inflation figures, combined with market expectations of a potential pause in interest rate hikes by the Federal Reserve (Fed), acted as catalysts for the downside breakout. The Formation of the Triangle Pattern: Since February 2023, market participants … Read More

Economic Update: Fourth Quarter 2022 GDP Growth, Inflation, Unemployment, Interest Rates, and Consumer Spending

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As we move into Q2 2023, let’s reflect on the US economic performance in Q4 2022. We’ll examine GDP growth, inflation, unemployment, interest rates, and consumer spending. Gross Domestic Product (GDP) Growth: The US economy experienced moderate growth in Q4 2022. Real GDP increased at an annual rate of 2.6%, slightly lower than the previous quarter’s 3.2%. The growth was mainly driven by increases in inventory investment and consumer spending. However, there was a decrease in housing investment. Profits decreased by 2.0% in Q4, indicating some challenges in the business sector. Inflation: Inflation remains a concern, with the Consumer Price … Read More

This week high impact news

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Hello Traders! This week is not so busy but has some important press releases coming up. The biggest event of the week is on Tuesday with the Midterm Elections in the US. Monday China’s Balance of trade and Import and Export numbers during the Asian session. Switzerland’s Unemployment numbers, German Industrial Production and Global Construction PMI numbers, UK House Price Index and we have BOE and ECB speeches as well during the European Session. There is nothing big happening during the US session in terms of news releases. Nevertheless, we have some FED speeches towards the end of the day. … Read More

End-of-week news articles

Daniel KosaBlogLeave a Comment

Hello Traders! At the end of a very busy week, I am reading the news out there. Here are some of the articles that caught my attention and my thoughts on them: In the US: https://www.zerohedge.com/markets/something-has-snapped-unexplained-23-million-jobs-gap-emerges-broken-payrolls-report?utm_source=&utm_medium=email&utm_campaign=1045 https://seekingalpha.com/news/3898314-bumper-profits-is-a-windfall-tax-on-energy-producers-a-good-idea In Japan: https://asia.nikkei.com/Business/Finance/Japan-pension-whale-GPIF-suffers-longest-losing-streak-since-2009?utm_campaign=GL_JP_update&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=4&pub_date=20221105090000&seq_num=11&si=711156 https://asia.nikkei.com/Politics/Japan-to-rely-on-debt-for-nearly-80-of-200bn-stimulus-package?utm_campaign=GL_JP_update&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=4&pub_date=20221105090000&seq_num=14&si=711156 https://asia.nikkei.com/Business/Travel-Leisure/Tourists-return-to-Japan-but-where-are-the-workers?utm_campaign=GL_JP_update&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=4&pub_date=20221105090000&seq_num=2&si=711156

Fed Raises Interest Rates: What It Means for the Economy and Markets

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Hello Traders, this is Daniel from CPT. In the past week, we have seen several data releases from around the world giving us a better view of how the economies are behaving. Among all of them, the FED meeting was the most awaited event. In this blog post, we’ll take a closer look at the Fed’s decision to raise interest rates and what it means for the economy and markets. Fed’s Decision to Raise Interest Rates As expected, the Fed announced a rise of the interest rate by 75 bps to 4.00% to combat high inflation. Mohammed El Erian reminds … Read More

5 Steps to Becoming a Successful Trader

Laurence TaylorBlog, Crush Pro Teams, Learn to Trade, TradingLeave a Comment

5 Steps to Becoming a Successful Trader

As a successful independent trader running a private trading group for over 15 years, I have worked with and trained many traders, some very successful and many who never quite make it. Over the years, I have learned the 5 key steps you should take if you are interested in becoming a successful trader. 5 Steps to Becoming a Successful Trader Get Around Like-Minded People Develop a Deeper Understanding Of Trading Learn to Practice Trading Effectively Use a Trading Coach: Get the Most Out of Your Training Develop Your Own Trading Plan: A Trader’s Mindset One thing is for sure, … Read More