RE:Tip for day tradersCongratulations to all those that payed attention on today's tip and understood the rates numbers that came out. In the beginning of the week I've said to pay attention to FOMC and European banks decisions, they were the main events of the week. This morning I said to pay attention to USD index at the present time Usd index is -.39, Gold is up 20.00 and silver up .34. If you came in today at opening, you made the right move. If you day trade metals and oil, pay attention at the Usd. You don't want to be caught. One important information is that using technical analysis in metals is out dated, we don't trade like we used to 2 decades ago . For BBD if you make your buying strategies based only on analysts price forecast, you may end up being upset. The only real number is the SP real time number. All the others are hope numbers. Have fun trading Guys!!! quoteee=BePatient4now]
Bank of England raises rates as inflation pressures mount. European Central Bank on the watch. Gold and silver are reacting now and wall street is green now. Three potential .25% rate rise in 2022, Three in 2023 and two in 2024. December is often a choppy month so place your bids and keep an eye on the USD index. Bbd should follow the wind of Markets. Keep in mind covid numbers that should be exploding this week end and a lot will prefer stay in cash. Have fun trading![/quote]