Trading psychology refers to the state of a trader’s mindset, which boils down to how they’re dealing with their emotions while making trading decisions. The most successful traders are those that can keep their emotions in check and remain rational while making their trades. The purpose of this article is not to invalidate these emotions. On the contrary, we aim to teach you … [Read more...] about Emotional Trading and How to Improve Your Trading Psychology
US Unemployment Claims Fall to Four-Week Low
Source: Department of Labor American unemployment claims retreated after three straight weeks of increases, marking the lowest level in a month. DXY is down 0.17%, while Gold is down 0.15%. Initial claims for the week ending October 2 stood at 326,000, down 38,000 from the previous week’s revised level to 364,000.The four-week moving average increased by 3,500 to 344,000 … [Read more...] about US Unemployment Claims Fall to Four-Week Low
Pandemic Restrictions Drag German Industry Production 4.0%
Source: Destatis German industrial production declined by 4.0% in August, dragged by restrictions due to the COVID-19 pandemic. Producers continued to report the operations limited by supply shortages of intermediate products, while production of capital goods slowed 7.8%.Motor vehicles, trailers, and semi-trailers declined by 17.5%, the manufacture of machinery and … [Read more...] about Pandemic Restrictions Drag German Industry Production 4.0%
UK House Prices Climb By 14-Year High
Source: Halifax Average UK house prices climbed by 14-year highs in September to hit the highest on record, driven by the limited supply of available properties. IUKP.L is up 1.37% UK house prices rose by 1.7% or £4,400 to bring the average UK property price at a record £267,587. This is the fastest monthly growth since February 2007.Year-on-year house price inflation … [Read more...] about UK House Prices Climb By 14-Year High
US Crude Oil Inventories Up to 420.9 Million Barrels
Source: Energy Information Administration American crude oil inventories increased by 2.3 million after inputs and imports increased from the previous week. Commercial crude oil inventories grew by 2.3 million barrels to 420.9 million barrels, about 7% below the five-year average for the average of the time period.Total motor gasoline inventories jumped 3.3 million … [Read more...] about US Crude Oil Inventories Up to 420.9 Million Barrels
