Join us right now if you would like to take your trading to the next level
2 14an hour ago
Daily Analysis - USDJPY
Trendlines, support and resistance
5 29an hour ago
USDCAD: bullish in the near term - BNPP
The markets expect September CPI to accelerate in Canada, but analysts at BNP Paribas think the risks are tilted to the upside for USDCAD in the near term as even though the CAD positioning has been cut ahead of the 26 October BoC meeting, but remains net long.
Key Quotes “Canadian September CPI and August retail sales will be released on Friday. The markets expect inflation to have accelerated to 1.7% y/y (versus 1.4% y/y in August. Our short-term fair value model STEER™ has taken profit on its short USDCAD signal for 0.85% gain and the pair is now trading in line with the model’s estimate of its fair value. USDCAD STEER has started to rise as US yields have risen and we think this should continue. We target USDCAD rising to 1.27 over the next month.” “Our BNP Paribas FX Positioning Analysis suggests FX investors have unwound some of their long CAD positions ahead of next week’s Bank of Canada (BoC) meeting (26 October). USDCAD has already started to rise from its September lows (1.21) but the market remains net long the CAD (at +17 on a -/+50 scale). While expect USDCAD to rise into year-end, in the medium term we think USDCAD should remain broadly stable and target 1.25 in Q1 2018. The Fed and BoC are priced for broadly equivalent pricing over the next 18 months, which is in line with our view.” By Fxstreet
I remember when I was 19, and first got into the world of business, I was invisible, and extremely shy. I never came from a wealthy family, or even the family connected to business. My mom is a musician, my aunt is a specialist of French language. And I didn't have much contact with my dad, so... They raised me up and gave me everything they could - but couldn't teach me how to act in business world.
I had no contacts, no friendships in this area, and basically knew nothing about it. So that's when I've decided to roll in the local American Chamber of Commerce, and visit events organized by it.
The Chambers of Commerce are actually magical places, where you can see any types of people - from the directors of the large corporations, to the HR managers and sole enterpreneurs. I knew that in the beginning I couldn't fit in this community, so I never acted "as if". I just put it out there as I was - a beginner, who knows nothing, and is hungry for opinions and new information.
I remember my heartbeat when I got up in the auditory with the microphone (btw, it's not the picture from the first time - here I'm much more experienced already) - and asking questions, thinking how stupid might I look or sound. But the thing is, I never said I was an experts back then - so the wealthiest and most powerful people of the country gladly answered my questions, and noticed me among the crowd.
Couple of years after I was selected as the Chairman of the Corporate Social Responsibility Committee there, and even then, when I was supposed to "know everything about it" - the main aim of my committee meetings was asking what other people think, and developing collective strategy based on it.
So my point is this. People - no matter their rank, wealth, or position - will never put you down if you are hungry for the knowledge, ask questions, and value their opinion. Especially experienced people - they all have this bullshit detector, so never try to seem someone you are not. On the opposite - say you're learning, and ask them to help. That's how not only will you gain great contacts, but also a reputation and community.