Discipline is the difference between a successful trader and one who blows their account. Stick to your plan and don't let emotions dictate your trades.

Discipline is the difference between a successful trader and one who blows their account. Stick to your plan and don't let emotions dictate your trades.

FX option expiries for Nov 7 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.0650 1.6b 1.0725 1.1b 1.0775 2.3b 1.0900 1.8b USD/JPY: USD amounts 152.50 1b 153.00 592m AUD/USD: AUD amounts 0.6450 690m 0.6475 490m USD/CAD: USD amounts 1.3750 1.8b 1.3800 860m 1.3900 733m 1.4050 2b

FX option expiries for Nov 7 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.0650 1.6b 1.0725 1.1b 1.0775 2.3b 1.0900 1.8b USD/JPY: USD amounts 152.50 1b 153.00 592m AUD/USD: AUD amounts 0.6450 690m 0.6475 490m USD/CAD: USD amounts 1.3750 1.8b 1.3800 860m 1.3900 733m 1.4050 2b

By Eren Sengezer Here is what you need to know on Thursday, November 7: The US Dollar (USD) outperformed its major rivals on Wednesday as markets reacted to Donald Trump winning the US presidential election. Early Thursday, the USD Index corrects lower and fluctuates below 105.00 as investors gear up for the Federal Reserve's (Fed) monetary policy decisions. Additionally, the Bank of England (BoE) will release its Monetary Policy Report and announce the interest rate. The USD Index registered its largest one-day gain of the year, rising over 1.5% on the day on Wednesday. The benchmark 10-year US Treasury bond yield surged higher and gained nearly 4%. Additionally, Wall Street's main indexes rallied after the opening bell, with the S&P 500 Index ending the day 2.5% higher. The Fed is widely forecast to lower the policy rate by 25 basis points to the range of 4.5%-4.75%. Fed Chairman Jerome Powell will speak on the policy outlook and respond to questions in a press conference starting at 19:30 GMT. Ahead of the Fed decision, the US economic calendar will feature the weekly Initial Jobless Claims and Unit Labor Costs data for the third quarter.

By Eren Sengezer Here is what you need to know on Thursday, November 7: The US Dollar (USD) outperformed its major rivals on Wednesday as markets reacted to Donald Trump winning the US presidential election. Early Thursday, the USD Index corrects lower and fluctuates below 105.00 as investors gear up for the Federal Reserve's (Fed) monetary policy decisions. Additionally, the Bank of England (BoE) will release its Monetary Policy Report and announce the interest rate. The USD Index registered its largest one-day gain of the year, rising over 1.5% on the day on Wednesday. The benchmark 10-year US Treasury bond yield surged higher and gained nearly 4%. Additionally, Wall Street's main indexes rallied after the opening bell, with the S&P 500 Index ending the day 2.5% higher. The Fed is widely forecast to lower the policy rate by 25 basis points to the range of 4.5%-4.75%. Fed Chairman Jerome Powell will speak on the policy outlook and respond to questions in a press conference starting at 19:30 GMT. Ahead of the Fed decision, the US economic calendar will feature the weekly Initial Jobless Claims and Unit Labor Costs data for the third quarter.

Patience is key in forex. You can't rush into trades hoping for fast profits. The best trades are those you wait for, those that fit your strategy.

Patience is key in forex. You can't rush into trades hoping for fast profits. The best trades are those you wait for, those that fit your strategy.

AUD/USD climbs back to near 0.6630 as the impact of RBA’s hawkish interest rate guidance remains intact. Australia’s monthly Trade Balance unexpectedly came in lowest since March. Investors await the Fed policy meeting in which it is expected to cut interest rates by 25 bps. The AUD/USD pair recovers almost entire Wednesday’s losses and climbs back to near 0.6630 in Thursday’s European session. The Aussie pair bounces back strongly on the Australian Dollar’s (AUD) outperformance against its major peers despite the Australian monthly Trade Balance for September coming in weaker than expected. The Australian Bureau of Statistics showed that the trade surplus surprisingly came in lower at 4,609 million in September against 5,284 million in August. Economists expected the trade surplus to rise slightly to 5,300 million. This was the lowest figure since March due to a decline in both exports and imports by 4.3% and 3.1%, respectively.

AUD/USD climbs back to near 0.6630 as the impact of RBA’s hawkish interest rate guidance remains intact. Australia’s monthly Trade Balance unexpectedly came in lowest since March. Investors await the Fed policy meeting in which it is expected to cut interest rates by 25 bps. The AUD/USD pair recovers almost entire Wednesday’s losses and climbs back to near 0.6630 in Thursday’s European session. The Aussie pair bounces back strongly on the Australian Dollar’s (AUD) outperformance against its major peers despite the Australian monthly Trade Balance for September coming in weaker than expected. The Australian Bureau of Statistics showed that the trade surplus surprisingly came in lower at 4,609 million in September against 5,284 million in August. Economists expected the trade surplus to rise slightly to 5,300 million. This was the lowest figure since March due to a decline in both exports and imports by 4.3% and 3.1%, respectively.

Silver price recovers slightly after a bloodbath on Wednesday with Fed policy on the horizon. The Fed is expected to cut interest rates by 25 bps to 4.50%-4.75%. Silver price sees key support near $29.00 if it weakens further. Silver price (XAG/USD) bounces back above $31.00 in Thursday’s North American session after a sharp nosedive move on Wednesday. The white metal stays vigilant with investors focusing on the Federal Reserve’s (Fed) monetary policy decision, which will be announced at 19:00 GMT. The Fed is widely anticipated to cut interest rates by 25 basis points (bps) to 4.50%-4.75%, according to the CME FedWatch tool. This would be the second interest rate cut by the Fed this year. The Fed started the policy-easing cycle in September, however, the rate-cut size was 50 bps. Ahead of the Fed’s policy, the US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, tumbles to near 104.60. The USD index retraces almost half of Wednesday’s rally, which was inspired by Republican Donald Trump’s victory in United States (US) presidential elections. 10-year US Treasury yields drop to near 4.41%. Investors will pay close attention to the press conference of Fed Chair Jerome Powell’s speech to get cues about the impact of Trump’s victory on inflation and the interest rate outlook. Trump vowed to raise import tariffs and lower corporate taxes, which could boost inflationary pressures and labor demand. Silver technical analysis Silver price slides to near $31.00 after breaking below the horizontal support plotted from the May 21 high of $32.50. The near-term trend of the Silver price has turned bearish as it has dropped below the 50-day Exponential Moving Average (EMA), which trades around $31.60. The asset could find support near the upward-sloping trendline around $29.00, plotted from the February 28 low of $22.30. The 14-day Relative Strength Index (RSI) dives to near 40.00. Should RSI (14) fall below 40.00, a bearish momentum will be triggered

Silver price recovers slightly after a bloodbath on Wednesday with Fed policy on the horizon. The Fed is expected to cut interest rates by 25 bps to 4.50%-4.75%. Silver price sees key support near $29.00 if it weakens further. Silver price (XAG/USD) bounces back above $31.00 in Thursday’s North American session after a sharp nosedive move on Wednesday. The white metal stays vigilant with investors focusing on the Federal Reserve’s (Fed) monetary policy decision, which will be announced at 19:00 GMT. The Fed is widely anticipated to cut interest rates by 25 basis points (bps) to 4.50%-4.75%, according to the CME FedWatch tool. This would be the second interest rate cut by the Fed this year. The Fed started the policy-easing cycle in September, however, the rate-cut size was 50 bps. Ahead of the Fed’s policy, the US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, tumbles to near 104.60. The USD index retraces almost half of Wednesday’s rally, which was inspired by Republican Donald Trump’s victory in United States (US) presidential elections. 10-year US Treasury yields drop to near 4.41%. Investors will pay close attention to the press conference of Fed Chair Jerome Powell’s speech to get cues about the impact of Trump’s victory on inflation and the interest rate outlook. Trump vowed to raise import tariffs and lower corporate taxes, which could boost inflationary pressures and labor demand. Silver technical analysis Silver price slides to near $31.00 after breaking below the horizontal support plotted from the May 21 high of $32.50. The near-term trend of the Silver price has turned bearish as it has dropped below the 50-day Exponential Moving Average (EMA), which trades around $31.60. The asset could find support near the upward-sloping trendline around $29.00, plotted from the February 28 low of $22.30. The 14-day Relative Strength Index (RSI) dives to near 40.00. Should RSI (14) fall below 40.00, a bearish momentum will be triggered

Sometimes, stepping back and reflecting on your trades can provide valuable insights. Constant self-review is key to improving as a trader.

Sometimes, stepping back and reflecting on your trades can provide valuable insights. Constant self-review is key to improving as a trader.

EUR/USD recovers sharply to near 1.0800 ahead of Fed policy while Trump's victory keeps downside bias intact German three-party coalition collapsed, paving the way for snap elections in early 2025. The Fed is expected to cut interest rates by 25 bps to 4.50%-4.75%. EUR/USD rebounds sharply to near 1.0800 in North American trading hours on Thursday. The major currency pair bounces back after posting a more than four-month low below 1.0700 on Wednesday. The recovery comes as the US Dollar (USD) corrects ahead of the Federal Reserve’s (Fed) interest rate decision, which will be published at 19:00 GMT. On Wednesday, the USD Index surged more than 1.6% – the highest single-day gain in almost four years – as United States (US) citizens chose Republican Donald Trump in the presidential elections over Democratic candidate Kamala Harris. The reasoning behind the US Dollar’s rally was Trump’s promise to raise import tariffs and lower corporate taxes. On Thursday, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, drops to near 104.50 after Wednesday’s rally.

EUR/USD recovers sharply to near 1.0800 ahead of Fed policy while Trump's victory keeps downside bias intact German three-party coalition collapsed, paving the way for snap elections in early 2025. The Fed is expected to cut interest rates by 25 bps to 4.50%-4.75%. EUR/USD rebounds sharply to near 1.0800 in North American trading hours on Thursday. The major currency pair bounces back after posting a more than four-month low below 1.0700 on Wednesday. The recovery comes as the US Dollar (USD) corrects ahead of the Federal Reserve’s (Fed) interest rate decision, which will be published at 19:00 GMT. On Wednesday, the USD Index surged more than 1.6% – the highest single-day gain in almost four years – as United States (US) citizens chose Republican Donald Trump in the presidential elections over Democratic candidate Kamala Harris. The reasoning behind the US Dollar’s rally was Trump’s promise to raise import tariffs and lower corporate taxes. On Thursday, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, drops to near 104.50 after Wednesday’s rally.

Some days, trading feels like the best job in the world. I make my own hours, work from home, and can trade anywhere I want. But other days... it's just me and my screen, questioning my choices.

Some days, trading feels like the best job in the world. I make my own hours, work from home, and can trade anywhere I want. But other days... it's just me and my screen, questioning my choices.

Building a trading plan is essential, but sticking to it is even more important. A plan without discipline is just a piece of paper.

Building a trading plan is essential, but sticking to it is even more important. A plan without discipline is just a piece of paper.

NZDUSD buyers regained control, pushing the pair above key moving averages. Breaking through resistance at 0.6031-0.60387 could signal further upside. On the downside, hold above 0.6005 to maintain bullish bias.

NZDUSD buyers regained control, pushing the pair above key moving averages. Breaking through resistance at 0.6031-0.60387 could signal further upside. On the downside, hold above 0.6005 to maintain bullish bias.

Forex trading can sometimes feel like a rollercoaster. But those who learn to ride out the ups and downs with patience and strategy are the ones who make it.

Forex trading can sometimes feel like a rollercoaster. But those who learn to ride out the ups and downs with patience and strategy are the ones who make it.

The USD/JPY pair recently reached a multi-decade high due to strengthening U.S. bond yields, fueled by inflationary concerns and a strong U.S. economic outlook. Analysts suggest that the dollar’s upward momentum against the yen might continue, especially if bond yields maintain their current trajectory.

The USD/JPY pair recently reached a multi-decade high due to strengthening U.S. bond yields, fueled by inflationary concerns and a strong U.S. economic outlook. Analysts suggest that the dollar’s upward momentum against the yen might continue, especially if bond yields maintain their current trajectory.

Trading is not about being right all the time. It's about managing your wins and losses. A good trader knows when to cut losses and let profits run.

Trading is not about being right all the time. It's about managing your wins and losses. A good trader knows when to cut losses and let profits run.

That being for EUR/USD at the 1.0850 level. It isn't one that ties too much with any key technical levels but the expiries could help to just keep a lid on price action for the session ahead. That considering there is little else to work with for the time being. But stronger resistance is seen closer to the 200-day moving average at 1.0871 and then the 100-hour moving average at 1.0880 currently.

That being for EUR/USD at the 1.0850 level. It isn't one that ties too much with any key technical levels but the expiries could help to just keep a lid on price action for the session ahead. That considering there is little else to work with for the time being. But stronger resistance is seen closer to the 200-day moving average at 1.0871 and then the 100-hour moving average at 1.0880 currently.

In the Eurozone, inflation concerns persist. The European Central Bank (ECB) is maintaining a data-driven approach, which puts pressure on the EUR/USD pairing. Market participants are watching upcoming ECB actions closely as the euro remains sensitive to inflation data and policy announcements.

In the Eurozone, inflation concerns persist. The European Central Bank (ECB) is maintaining a data-driven approach, which puts pressure on the EUR/USD pairing. Market participants are watching upcoming ECB actions closely as the euro remains sensitive to inflation data and policy announcements.

Don't fall for the ‘get rich quick’ mentality. Forex is a skill that takes time to master, and anyone promising you fast money is usually not the real deal.

Don't fall for the ‘get rich quick’ mentality. Forex is a skill that takes time to master, and anyone promising you fast money is usually not the real deal.

MUFG say they are expecting a Bank of Japan rate hike sooner than the market is, but have shifted their December forecast to January next year. Analysts cite the political instability in Japan for the change. MUFG do drop a caveat in, though, saying a December rate hike is a possibility if JPY falls sharply after the US election.

MUFG say they are expecting a Bank of Japan rate hike sooner than the market is, but have shifted their December forecast to January next year. Analysts cite the political instability in Japan for the change. MUFG do drop a caveat in, though, saying a December rate hike is a possibility if JPY falls sharply after the US election.

The Australian dollar is gaining attention with potential for a breakout in the coming weeks. Australia's economic indicators, including CPI data and Reserve Bank of Australia (RBA) policies, are expected to significantly impact the AUD. Any unexpected shifts in these indicators may offer new trading opportunities for this pair.

The Australian dollar is gaining attention with potential for a breakout in the coming weeks. Australia's economic indicators, including CPI data and Reserve Bank of Australia (RBA) policies, are expected to significantly impact the AUD. Any unexpected shifts in these indicators may offer new trading opportunities for this pair.

Even with the dollar having strengthened and traders scaling back to pricing in a 25 bps move for the Fed in the past week or so, it hasn't really fazed gold prices whatsoever. There was a mild dip back towards $2,605 earlier this week but that didn't last with prices rebounding in the past two days. Now, gold is up another 0.3% today to $2,638 and holding near 28% gains year-to-date. After the rise earlier in the year, gold saw some consolidation around mid-April to June. All that before another run higher and so far this year, there hasn't really been any looking back for gold. It's been a stunning ride to fresh record highs on multiple occasions in 2024.

Even with the dollar having strengthened and traders scaling back to pricing in a 25 bps move for the Fed in the past week or so, it hasn't really fazed gold prices whatsoever. There was a mild dip back towards $2,605 earlier this week but that didn't last with prices rebounding in the past two days. Now, gold is up another 0.3% today to $2,638 and holding near 28% gains year-to-date. After the rise earlier in the year, gold saw some consolidation around mid-April to June. All that before another run higher and so far this year, there hasn't really been any looking back for gold. It's been a stunning ride to fresh record highs on multiple occasions in 2024.