<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=174932623114557&amp;ev=PageView&amp;noscript=1">

Huge Week for the Dollar with Key Data Due Early April

Posted by TopstepTrader on March 31, 2019

The dollar rally faces a test as the first week of April brings a flood of economic data. Take a look at some (certainly not all) of the key statistics due out Monday through Friday:

  • Monday: Retail Sales, Manufacturing
  • Tuesday: Durable Goods
  • Wednesday: ADP jobs
  • Thursday: Jobless Claims
  • Friday: JOBS, JOBS, JOBS

With the U.S. Dollar posting its best monthly gain of 2019 in March, surprises or disappointments in the data will help traders determine whether the rally has legs.

Read More

Topics: Forex, US Dollar, EUR/USD, economic data reports, TopstepFX, USD/JPY

A Magic Number for the S&P 500… 2800?

Posted by TopstepTrader on March 21, 2019

Market predictions are all over the map after the jaw-dropping fall and rebound in the S&P 500 over the past six months. Some believe the market’s 14% swoon in the fourth quarter 2018 was unjustified given that the U.S. economy remains strong.

Others worry that, after a 13.3% year-to-date rebound, the market has rallied too fast given recent signs that the economy and earnings growth are slowing. The net result is an environment where price action remains headline-driven, with several key levels to watch heading into Q2.

Read More

Topics: Market Updates, volatility, economic data, economic data reports

Jobs Report Week: Tracking Treasuries and What to Look For

Posted by TopstepTrader on March 05, 2019

Friday’s payroll data could shake up a Treasury market that has already been reeling lately. Expectations are for another strong report, but nowhere near the 304,000 jobs added in January. Treasury prices are trending lower ahead of the report — a sign, perhaps, that some expect another upside surprise in the headline number.

Read More

Topics: U.S. Treasuries, economic data reports

How the Shutdown Is Worrying Traders Now (And Why It Shouldn’t)

Posted by TopstepTrader on January 14, 2019

Image Source: Wikimedia Commons

We wrote earlier this week about how large government crises, like the ongoing government shutdown, rarely correlate with increased volatility, encouraging traders to remain disciplined and stick to their strategy. We stand by that.

But as we mentioned in that post, just because these events don’t always correlate with increased volatility doesn’t mean they don’t impact the economy or the way we interact with the markets. There are a whole lot of people out there who missed a paycheck Friday as a result of Washington’s stalemate, and while that’s tragic in and of itself, it could have broader implications for the economy.

Read More

Topics: volatility, trading strategy, shutdown, economic data reports

Subscribe to Email Updates

Recent Posts

Popular

Posts by Topic

see all