🔔 On April 23 at 2:00 pm UTC, the US will release its new home sales report.
It shows how many new homes were sold in the country. If sales are up, it may signal a stronger economy and a stronger US dollar. If sales fall, it can indicate economic weakness, and the dollar might weaken as well.
Sales volume:
Previous: 676,000
Forecasted: 664,000
Here’s how the market could respond:
🔼 Sales drop — EUR/USD rises.
🔽 Sales hike — EUR/USD drops.
📆 Last month, new home sales were 19,000 higher than the previous level. In response, EUR/USD dropped within the first 5 minutes.
💡 Why was this reaction?
Traders saw the rise in new home sales as a sign of a strengthening US economy, which boosted the US dollar.
⚡ How to trade on EUR/USD on Olymptrade:
1. Open FT mode on the day of the report.
2. Select EUR/USD.
3. Set the trade amount and time (3 to 5 minutes).
4. Use Pending Order to open the trade automatically.
5. Make your forecast!
What’s your take this time?
👍 — EUR/USD will rise
👎 — EUR/USD will fall
It shows how many new homes were sold in the country. If sales are up, it may signal a stronger economy and a stronger US dollar. If sales fall, it can indicate economic weakness, and the dollar might weaken as well.
Sales volume:
Previous: 676,000
Forecasted: 664,000
Here’s how the market could respond:
🔼 Sales drop — EUR/USD rises.
🔽 Sales hike — EUR/USD drops.
📆 Last month, new home sales were 19,000 higher than the previous level. In response, EUR/USD dropped within the first 5 minutes.
💡 Why was this reaction?
Traders saw the rise in new home sales as a sign of a strengthening US economy, which boosted the US dollar.
⚡ How to trade on EUR/USD on Olymptrade:
1. Open FT mode on the day of the report.
2. Select EUR/USD.
3. Set the trade amount and time (3 to 5 minutes).
4. Use Pending Order to open the trade automatically.
5. Make your forecast!
What’s your take this time?
👍 — EUR/USD will rise
👎 — EUR/USD will fall
🔔 On April 30 at 12:30 pm UTC, the US will release its Q1 GDP.
This key indicator reflects the health of the economy. If GDP grows, the USD strengthens, but if it declines, the USD may weaken.
US GDP:
Previous: 2.4%
Forecasted: 2.3%
Here’s how the market could react:
🔼 GDP below 2.4% — EUR/USD rises.
🔽 GDP above 2.4% — EUR/USD falls.
📆 Last time, the EUR/USD pair rose within 5 minutes after the GDP data release.
💡 Why did it happen?
The GDP data falling short of expectations was interpreted as a sign of economic slowdown, resulting in a drop in the USD.
⚡ How to trade on EUR/USD on Olymptrade:
1. Open FT/Flex mode on the day of the report.
2. Select EUR/USD.
3. Set the trade amount and expiration (3–5 minutes).
4. Use Pending Order for automatic trade opening.
5. Make your forecast.
What’s your forecast this time?
👍 — EUR/USD will rise
👎 — EUR/USD will fall
This key indicator reflects the health of the economy. If GDP grows, the USD strengthens, but if it declines, the USD may weaken.
US GDP:
Previous: 2.4%
Forecasted: 2.3%
Here’s how the market could react:
🔼 GDP below 2.4% — EUR/USD rises.
🔽 GDP above 2.4% — EUR/USD falls.
📆 Last time, the EUR/USD pair rose within 5 minutes after the GDP data release.
💡 Why did it happen?
The GDP data falling short of expectations was interpreted as a sign of economic slowdown, resulting in a drop in the USD.
⚡ How to trade on EUR/USD on Olymptrade:
1. Open FT/Flex mode on the day of the report.
2. Select EUR/USD.
3. Set the trade amount and expiration (3–5 minutes).
4. Use Pending Order for automatic trade opening.
5. Make your forecast.
What’s your forecast this time?
👍 — EUR/USD will rise
👎 — EUR/USD will fall
Ever let emotions push you back into the market after a loss, only to lose even more? That’s revenge trading.
Revenge trading happens because of:
💥 Frustration – You want to recover your losses quickly.
💥 Impatience – You don’t want to wait for the right market conditions.
💥 Ego – You’re unwilling to accept the loss.
Signs you’re revenge trading:
🚨 Impulsive and erratic trades.
🚨 Increasing position sizes to make up for your losses.
🚨 Letting your emotions override your strategy.
🚨 Ignoring risk management rules.
How to avoid revenge trading:
1️⃣ Accept that loss is a part of trading.
2️⃣ Take a break to reset, then come back with a clear plan.
3️⃣ Analyze your trades to learn from your mistakes and avoid repeating them.
What’s your experience with revenge trading?
🔥 I still fall into this trap sometimes
❤️ I’ve learned to press pause
🤩 I keep calm and stick to my plan
Revenge trading happens because of:
💥 Frustration – You want to recover your losses quickly.
💥 Impatience – You don’t want to wait for the right market conditions.
💥 Ego – You’re unwilling to accept the loss.
Signs you’re revenge trading:
🚨 Impulsive and erratic trades.
🚨 Increasing position sizes to make up for your losses.
🚨 Letting your emotions override your strategy.
🚨 Ignoring risk management rules.
How to avoid revenge trading:
1️⃣ Accept that loss is a part of trading.
2️⃣ Take a break to reset, then come back with a clear plan.
3️⃣ Analyze your trades to learn from your mistakes and avoid repeating them.
What’s your experience with revenge trading?
🔥 I still fall into this trap sometimes
❤️ I’ve learned to press pause
🤩 I keep calm and stick to my plan
The price of this commodity is heavily impacted by weather conditions, especially in the winter. It’s commonly transported either through pipelines or in liquefied form.
Anonymous Quiz
26%
Brent
39%
Gold
35%
Natural gas
That’s where the CCI + DeMarker comes in.
Getting ready
Signals to enter the track (Buy)
Signals to pull back (Sell)
Closing the trade
Set your trade duration to 2–3 times the chart’s timeframe. For a 15-minute chart, consider a duration of 30 to 45 minutes.
Have you ever tried CCI and DeMarker Trend Reversal?
👍 Sure
🤩 Not yet
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Can you improve your trading by not doing something? 🤔
You absolutely can! 😎
🎬 Watch the video about 5 common trading mistakes and start increasing your gains! → https://www.youtube.com/watch?v=fHUNXH5kR8s
You absolutely can! 😎
🎬 Watch the video about 5 common trading mistakes and start increasing your gains! → https://www.youtube.com/watch?v=fHUNXH5kR8s
YouTube
5 big trading mistakes to avoid | Olymptrade
Many traders can easily improve their results if they simply avoid some of the common trading mistakes. This video showcases them. After watching it, you will learn:
▫️ If trading gurus are trustworthy.
▫️ If analyzing the highest volume of price data…
▫️ If trading gurus are trustworthy.
▫️ If analyzing the highest volume of price data…
🔔 On Wednesday, May 7 at 6:00 pm UTC, the Federal Reserve will announce its interest rate decision.
This decision impacts the cost of borrowing in the US and influences currency markets. A rate hike strengthens the dollar, while a rate cut weakens it. If there’s no change, market reactions will depend on the Federal Reserve’s commentary.
Here’s how the market could respond:
📈 Rate hike — EUR/USD rises.
📉 Rate cut — EUR/USD falls.
The interest rate:
Forecasted: 4.50%
Previous: 4.50%
Last month, the Federal Reserve kept the rate at 4.50%. EUR/USD rose in the first 5 minutes after the announcement.
How to trade on Olymptrade:
Use a Pending Order in FT mode at 6:00 pm UTC.
What’s your take this time?
👍 — EUR/USD will rise
👎 — EUR/USD will drop
This decision impacts the cost of borrowing in the US and influences currency markets. A rate hike strengthens the dollar, while a rate cut weakens it. If there’s no change, market reactions will depend on the Federal Reserve’s commentary.
Here’s how the market could respond:
📈 Rate hike — EUR/USD rises.
📉 Rate cut — EUR/USD falls.
The interest rate:
Forecasted: 4.50%
Previous: 4.50%
Last month, the Federal Reserve kept the rate at 4.50%. EUR/USD rose in the first 5 minutes after the announcement.
How to trade on Olymptrade:
Use a Pending Order in FT mode at 6:00 pm UTC.
What’s your take this time?
👍 — EUR/USD will rise
👎 — EUR/USD will drop