Jump to content

S&P 500 and Nasdaq Traders Focused on FOMC Next Week, Dollar the One True Safe Haven


Recommended Posts

Despite the extraordinary volatility – and risk aversion move – that immediately followed the US CPI release, there was little follow through to be found this past session. While we can still navigate into significant activity for risk asset and Dollar-based majors through the immediate future, the market’s attention will be anchored on next week’s FOMC decision. 

 

 

 

DailyFX and IG.jpg

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      23,569
    • Total Posts
      96,877
    • Total Members
      44,142
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    James82
    Joined 29/11/23 17:02
  • Posts

    • Investing in crypto could be challenging especially the Fear of Missing out Lambo. This mostly affect traders trading strategy and ideology. Predicting the right time to buy is always cumbersome and that is why many analyst advise DCA because it curtails FOMO and gives you a long-term crypto trading mentality. In crypto Dollar Cost Averaging involves investing the same amount of money in a target token at regular intervals over a certain period of time, regardless of price. This will help to control volatility on your portfolios and minimize FOMO For example when you decide to invest $100 on a token and invest $10 daily or weekly or monthly till you fulfilled you $100 target investment on the token irrespective of the price of the token. This strategy helps a crypto trader to build his portfolio over the long term thereby he/she is not bothered by short-term volatility in the broader markets. This strategy mostly favours low-budget traders in building a strong portfolio but the problem most normally encounter is exchange minimum trading amount. One analyst advised on how to mitigate this was to accumulate on exchange that has lower trading fees and later send to where you desire to hold. He also noted that some of this exchanges are good in listing good projects for you to be among the early birds. Do you think DCA is the best method to accumulate token and which exchange offers the lowest tradeable balance and trading fees?
    • DXY   now wait for confirmation or rejection 
    • Messi has written his name in the sands of time. I dare say he is immortal, he has challenged and excelled all limits to the point he is now the new limit. This partnership is GOATED cos it has brought more exposure for the exchange considering MESSI's popularity.    
×
×
  • Create New...
us