Day: November 8, 2024

🧠Smart money concept that works! 📊 Supply and demand trading is about placing your orders according to zones where the price tends to reverse due to various factors. It’s almost like support and resistance lines but more comprehensive and usually backed up by fundamental factors.

🧠Smart money concept that works! 📊 Supply and demand trading is about placing your orders according to zones where the price tends to reverse due to various factors. It’s almost like support and resistance lines but more comprehensive and usually backed up by fundamental factors. ⚡️ Usually, the price reacts sharply to supply and demand zones, meaning there is a lot of selling or buying interest. ➡️ But how do you know when to enter? That’s what the picture is about. Look for a rally-base-drop movement or other variations of it. The price tends to retest the base before moving toward the rally. 📍 These areas allow traders to implement a favorable risk-to-reward approach in trades. You can set a buy limit order before the price reaches the base, and the chart will do it for you. Notice that stop loss should usually be near the demand zone and below the supply zone. submitted by /u/Yuriy_UK [link] [comments]

The US Budget Deficit Is a Ticking Time Bomb.

The US budget deficit has reached crisis levels: Excluding interest payments, the deficit hit 5.8% of GDP in 2023 – the highest among all 38 OECD countries. The usual suspects like Japan, France, the UK, and Italy trail behind. To put this in perspective: the current US deficit is worse than during any past recession except for 2008, 2020, and the World Wars. Normally, a strong economy should mean more tax revenue and less government spending. In theory, deficit spending should be far lower when times are good. So, let’s ask the obvious question: Is the US economy really as strong as they say? submitted by /u/XGramatik [link] [comments]

The Indian rupee hit a historic low of 84.32 against the US dollar. This currency decline impacts the country’s purchasing power, even though India buys discounted oil from Russia and Venezuela.

The rupee’s depreciation effectively reduces the value of this discount, as imports become more expensive. On the other hand, if Russian funds remain within India, the losses from the rupee’s devaluation shift onto Russian oil companies. submitted by /u/XGramatik [link] [comments]