The most prevalent misconception we've observed at FX Evolution is the belief that trading success hinges solely on finding the "perfect" strategy. While having a solid strategy is essential, many traders overlook the importance of risk management and emotional discipline. The recurring mistake is that traders often get caught up in the excitement of potential profits and forget that consistent, long-term success is more about managing losses and sticking to a well-structured plan.

The most prevalent misconception we've observed at FX Evolution is the belief that trading success hinges solely on finding the "perfect" strategy. While having a solid strategy is essential, many traders overlook the importance of risk management and emotional discipline. The recurring mistake is that traders often get caught up in the excitement of potential profits and forget that consistent, long-term success is more about managing losses and sticking to a well-structured plan.

Both the Shanghai Composite and CSI 300 indices are up 2.4% on the day while the Hang Seng is up by 3.3% ahead of the lunch break later. That comes as the PBOC unveiled more easing measures earlier, after not doing so at the end of last week. However, the key caveat here is that they did not specify when these changes will go into effect. The central bank said that the RRR will be cut by 50 bps and that the 7-day repo rate will be cut further to 1.50%, down from 1.70%. They also said that other interest rates will fall as well, with rates on existing mortgages to be reduced by 0.50% on average.

Both the Shanghai Composite and CSI 300 indices are up 2.4% on the day while the Hang Seng is up by 3.3% ahead of the lunch break later. That comes as the PBOC unveiled more easing measures earlier, after not doing so at the end of last week. However, the key caveat here is that they did not specify when these changes will go into effect. The central bank said that the RRR will be cut by 50 bps and that the 7-day repo rate will be cut further to 1.50%, down from 1.70%. They also said that other interest rates will fall as well, with rates on existing mortgages to be reduced by 0.50% on average.

Referenced Symbols QCOM 0.79% INTC 3.20% AAPL -0.44% 2330 1.82% 005930 -1.58% AVGO 0.39% NXPI 0.09% An earlier version of this article incorrectly said bonds were being bought, not sold. It has been corrected. Equity analysts are skeptical about the merits of a possible combination of Qualcomm Inc. and Intel Corp., after a recent report said the former had approached the latter about a takeover.

Referenced Symbols QCOM 0.79% INTC 3.20% AAPL -0.44% 2330 1.82% 005930 -1.58% AVGO 0.39% NXPI 0.09% An earlier version of this article incorrectly said bonds were being bought, not sold. It has been corrected. Equity analysts are skeptical about the merits of a possible combination of Qualcomm Inc. and Intel Corp., after a recent report said the former had approached the latter about a takeover.

A Federal Reserve interest-rate cut on Wednesday is looking all but certain. How stocks might react as the central bank loosens monetary policy, however, remains very much up in the air. History offers some guidance: the reason the Fed is cutting interest rates matters far more for markets than the simple fact that borrowing costs are coming down.

A Federal Reserve interest-rate cut on Wednesday is looking all but certain. How stocks might react as the central bank loosens monetary policy, however, remains very much up in the air. History offers some guidance: the reason the Fed is cutting interest rates matters far more for markets than the simple fact that borrowing costs are coming down.

The stock market saw its worst day of 2024 on Aug. 5 when a rise in unemployment led to heightened fears about a recession. The Dow Jones Industrial Average DJIA -0.70% declined 2.6% that day, while the S&P 500 SPX -0.19% dropped 3% and Nasdaq Composite COMP 0.04% fell 3.4%. Yet even though the market panicked that day, retail investors did not.

The stock market saw its worst day of 2024 on Aug. 5 when a rise in unemployment led to heightened fears about a recession. The Dow Jones Industrial Average DJIA -0.70% declined 2.6% that day, while the S&P 500 SPX -0.19% dropped 3% and Nasdaq Composite COMP 0.04% fell 3.4%. Yet even though the market panicked that day, retail investors did not.

Brokerages are sitting on something that could help fuel a rally in the stock market — piles of uninvested cash. In a high-interest-rate environment, it pays for investors to keep extra cash on the sidelines. That cash can generate notable interest income when put into a high-yield savings account or CD.

Brokerages are sitting on something that could help fuel a rally in the stock market — piles of uninvested cash. In a high-interest-rate environment, it pays for investors to keep extra cash on the sidelines. That cash can generate notable interest income when put into a high-yield savings account or CD.

Investors are flocking to bonds this year, with exchange-traded funds that focus on fixed-income assets exceeding their annual record in the wake of the Federal Reserve’s big interest-rate cut. Bond ETFs that are listed in the U.S. have raked in $215 billion this year through Tuesday, surpassing the record $213 billion garnered in all of 2021, according to Matthew Bartolini, head of SPDR Americas research at State Street Global Advisors.

Investors are flocking to bonds this year, with exchange-traded funds that focus on fixed-income assets exceeding their annual record in the wake of the Federal Reserve’s big interest-rate cut. Bond ETFs that are listed in the U.S. have raked in $215 billion this year through Tuesday, surpassing the record $213 billion garnered in all of 2021, according to Matthew Bartolini, head of SPDR Americas research at State Street Global Advisors.

Despite all the ups and downs this year, the pair had been mostly trading within a band of roughly 300-400 pips in 2024. But with the latest upside move since two weeks ago, buyers might be eyeing a stronger breakout here. That especially with the dollar keeping more sluggish amid the diverging stance between the Fed and RBA. AUD/USD is now trading to 0.6860, its highest levels since December last year and closing in on the high then at 0.6871. Buyers remain in the driver's seat, even more so now as the policy divergence above is made even starker.

Despite all the ups and downs this year, the pair had been mostly trading within a band of roughly 300-400 pips in 2024. But with the latest upside move since two weeks ago, buyers might be eyeing a stronger breakout here. That especially with the dollar keeping more sluggish amid the diverging stance between the Fed and RBA. AUD/USD is now trading to 0.6860, its highest levels since December last year and closing in on the high then at 0.6871. Buyers remain in the driver's seat, even more so now as the policy divergence above is made even starker.

Last week's jumbo rate cut from the Federal Reserve isn't looking like a panacea for what ails the real-estate sector as long-end Treasury yields continue to creep higher, said Jose Torres, senior economist at Interactive Brokers, in a Wednesday note. "Investors are realizing that the Fed’s journey down the monetary policy stairs may not bolster the ailing real estate sector, with long-end yields remaining elevated despite the central bank’s jumbo rate reduction last week," he wrote. "Against the backdrop, the Treasury curve is steepening sharply as bond vigilantes smell an inflation problem down the road and remain unwilling to lock in the coupons of the day." Sales of newly built homes in the U.S. fell 4.7% to an annual rate of 716,000 in August, from a revised 751,000 in the prior month, the Commerce Department reported Wednesday. The pace of sales was still the highest since April and topped economist forecasts for a drop to 700,000. The data was " further evidence of costly duration, with new home sales declining and inventories increasing as builders relied on discounts to support transactions," Torres said.

Last week's jumbo rate cut from the Federal Reserve isn't looking like a panacea for what ails the real-estate sector as long-end Treasury yields continue to creep higher, said Jose Torres, senior economist at Interactive Brokers, in a Wednesday note. "Investors are realizing that the Fed’s journey down the monetary policy stairs may not bolster the ailing real estate sector, with long-end yields remaining elevated despite the central bank’s jumbo rate reduction last week," he wrote. "Against the backdrop, the Treasury curve is steepening sharply as bond vigilantes smell an inflation problem down the road and remain unwilling to lock in the coupons of the day." Sales of newly built homes in the U.S. fell 4.7% to an annual rate of 716,000 in August, from a revised 751,000 in the prior month, the Commerce Department reported Wednesday. The pace of sales was still the highest since April and topped economist forecasts for a drop to 700,000. The data was " further evidence of costly duration, with new home sales declining and inventories increasing as builders relied on discounts to support transactions," Torres said.

Must watch market developments with strong sense of urgency It would be desirable for exchange rate to move stably reflecting fundamentals He's more or less been saying the same thing since Friday last week from his press conference. So, nothing new here.

Must watch market developments with strong sense of urgency It would be desirable for exchange rate to move stably reflecting fundamentals He's more or less been saying the same thing since Friday last week from his press conference. So, nothing new here.

A previous version of this report misidentified the Three Mile Island nuclear plant near Middletown, Pa. The story has been corrected. Investors have found another major way to play the artificial-intelligence trend besides semiconductor stocks, and that’s led to a changing of the guard atop this year’s list of the best S&P 500 performers.

A previous version of this report misidentified the Three Mile Island nuclear plant near Middletown, Pa. The story has been corrected. Investors have found another major way to play the artificial-intelligence trend besides semiconductor stocks, and that’s led to a changing of the guard atop this year’s list of the best S&P 500 performers.

That concludes her press conference. Her last point on the exchange rate is definitely a fair one as AUD/USD is also largely driven by policy divergence between the RBA and Fed currently. Looking at the trade-weighed index of the aussie via Bloomberg, it is only trading back up to levels seen in late August. It is currently seen at 62.40 and a far cry from the July high of around 64.50.

That concludes her press conference. Her last point on the exchange rate is definitely a fair one as AUD/USD is also largely driven by policy divergence between the RBA and Fed currently. Looking at the trade-weighed index of the aussie via Bloomberg, it is only trading back up to levels seen in late August. It is currently seen at 62.40 and a far cry from the July high of around 64.50.

Gold futures climbed to another record high on Wednesday, a day after its sister metal, silver, settled at its highest in more than 11 years, but both may be ready for a pullback in the coming weeks as daily charts for the metals show what one technician referred to as “upside exhaustion.” On the futures market, gold for December delivery climbed to an intraday record high of $2,694.90 an ounce on Comex Wednesday and marked an all-time settlement high of $2,684.70, according to Dow Jones Market Data. Silver on Tuesday saw its December contract settle at $32.43 an ounce, the highest most-active contract finish since December 2012. It eased back a bit Wednesday to settle at $32.02. In a note Wednesday, Jonathan Krinsky, chief market technician at BTIG, said he remains “constructive” on precious metals over the next six to 12 months but added that there are “tactical opportunities that present themselves, and we want to be opportunistic so that we can add into weakness.”

Gold futures climbed to another record high on Wednesday, a day after its sister metal, silver, settled at its highest in more than 11 years, but both may be ready for a pullback in the coming weeks as daily charts for the metals show what one technician referred to as “upside exhaustion.” On the futures market, gold for December delivery climbed to an intraday record high of $2,694.90 an ounce on Comex Wednesday and marked an all-time settlement high of $2,684.70, according to Dow Jones Market Data. Silver on Tuesday saw its December contract settle at $32.43 an ounce, the highest most-active contract finish since December 2012. It eased back a bit Wednesday to settle at $32.02. In a note Wednesday, Jonathan Krinsky, chief market technician at BTIG, said he remains “constructive” on precious metals over the next six to 12 months but added that there are “tactical opportunities that present themselves, and we want to be opportunistic so that we can add into weakness.”

Referenced Symbols GC00 0.16% GCZ24 0.16% SI00 -0.94% SIZ24 -0.94% GLD -0.14% SLV -1.09% Gold prices have climbed to their highest on record and silver recently touched a more than 11-year high, but both may be ready for a pullback in the coming weeks as daily charts for the precious metals show what one technician referred to as “upside exhaustion.” On the futures market, gold for December delivery GC00 0.16% GCZ24 0.16% climbed to an intraday record high of $2,694.90 an ounce on Comex Wednesday and marked an all-time settlement high of $2,684.70, according to Dow Jones Market Data.

Referenced Symbols GC00 0.16% GCZ24 0.16% SI00 -0.94% SIZ24 -0.94% GLD -0.14% SLV -1.09% Gold prices have climbed to their highest on record and silver recently touched a more than 11-year high, but both may be ready for a pullback in the coming weeks as daily charts for the precious metals show what one technician referred to as “upside exhaustion.” On the futures market, gold for December delivery GC00 0.16% GCZ24 0.16% climbed to an intraday record high of $2,694.90 an ounce on Comex Wednesday and marked an all-time settlement high of $2,684.70, according to Dow Jones Market Data.

Digital assets and US stocks are moving more in tandem than at almost any time in the past, based on a correlation study, signaling that the macroeconomic variables driving equities are also shaping the crypto market. A 40-day correlation coefficient for a gauge of the largest 100 digital assets and the S&P 500 Index is at about 0.67, a level exceeded only in the second quarter of 2022 when it topped 0.72, data compiled by Bloomberg show. A reading of 1 indicates assets are moving in lockstep, while minus 1 signals an inverse tie

Digital assets and US stocks are moving more in tandem than at almost any time in the past, based on a correlation study, signaling that the macroeconomic variables driving equities are also shaping the crypto market. A 40-day correlation coefficient for a gauge of the largest 100 digital assets and the S&P 500 Index is at about 0.67, a level exceeded only in the second quarter of 2022 when it topped 0.72, data compiled by Bloomberg show. A reading of 1 indicates assets are moving in lockstep, while minus 1 signals an inverse tie

The Japanese yen fell below 144.65 against the US dollar, reaching a three-week low. This decline came after Bank of Japan Governor Kazuo Ueda stated that the bank has time to assess market and economic developments before adjusting monetary policy. His comments suggested that the Japanese central bank is in no rush to raise interest rates further. Ueda also warned of external risks, such as heightened volatility in financial markets and uncertainty over whether the US economy can achieve a soft landing. Last week, the Bank of Japan kept its interest rate unchanged at 0.25%, in line with expectations. Recent developments have impacted the prospects of a rate hike in October, although it is still expected to be raised in December. Externally, the Yen faced renewed pressure from a stronger dollar as the Federal Reserve's interest rate cut boosted US economic expectations. Bank of Japan has time to assess impact of two rate hikes Unanimously, the Bank of Japan kept its key short-term interest rate at around 0.25% at its September meeting, remaining at its highest level since 2008, in line with market consensus. Friday’s decision confirmed that the BOJ is in no rush to raise rates again after raising them twice this year, in March and July. Also, the board noted the need for more time to monitor financial markets amid hawkish views from some members. The BOJ maintained its assessment that Japan’s economy remains on track for a moderate recovery, despite some areas of weakness. Private consumption continued its upward trend, helped by improved corporate profits and business spending. Exports and industrial production, however, remained relatively flat. As for inflation, the annual figures ranged between 2.5% and 3.0%, driven by higher service prices. Meanwhile, inflation expectations showed a moderate increase, with the core consumer price index expected to rise gradually.

The Japanese yen fell below 144.65 against the US dollar, reaching a three-week low. This decline came after Bank of Japan Governor Kazuo Ueda stated that the bank has time to assess market and economic developments before adjusting monetary policy. His comments suggested that the Japanese central bank is in no rush to raise interest rates further. Ueda also warned of external risks, such as heightened volatility in financial markets and uncertainty over whether the US economy can achieve a soft landing. Last week, the Bank of Japan kept its interest rate unchanged at 0.25%, in line with expectations. Recent developments have impacted the prospects of a rate hike in October, although it is still expected to be raised in December. Externally, the Yen faced renewed pressure from a stronger dollar as the Federal Reserve's interest rate cut boosted US economic expectations. Bank of Japan has time to assess impact of two rate hikes Unanimously, the Bank of Japan kept its key short-term interest rate at around 0.25% at its September meeting, remaining at its highest level since 2008, in line with market consensus. Friday’s decision confirmed that the BOJ is in no rush to raise rates again after raising them twice this year, in March and July. Also, the board noted the need for more time to monitor financial markets amid hawkish views from some members. The BOJ maintained its assessment that Japan’s economy remains on track for a moderate recovery, despite some areas of weakness. Private consumption continued its upward trend, helped by improved corporate profits and business spending. Exports and industrial production, however, remained relatively flat. As for inflation, the annual figures ranged between 2.5% and 3.0%, driven by higher service prices. Meanwhile, inflation expectations showed a moderate increase, with the core consumer price index expected to rise gradually.

The Dow Jones tilted into the bearish side, falling 300 points. Exhaustion plays are on the cards with indexes deep in overbought territory. Despite a trim off the top, the Dow Jones is on pace for another record month. The Dow Jones Industrial Average (DJIA) pulled back on Wednesday, shedding around 300 points and easing back below the 42,000 handle as the heavyweight equity index takes a breather after a period of repeated breaks into record territory.  Treasury yields ticked higher on Wednesday and most of the US indexes are testing into the red, with the Dow Jones taking the brunt of the damage, falling 0.8% through the US trading session. Market focus is shifting back to the state of the US economy following the Federal Reserve’s (Fed) bumper 50 bps rate cut last week. US consumer confidence indicators fell this week as the average US consumer doesn’t share in the stock market’s exuberance over Fed rate cuts, with key confidence readings falling to their lowest levels in three years and consumer inflation expectations for the next 12 months ticking higher. This Friday will see a fresh update to US Personal Consumption Expenditure (PCE) inflation figures. New home sales also fell in August, declining 4.7% to 716K from the previous month’s revised 751K. Meanwhile, investors will see another print of US Gross Domestic Product (GDP) growth for the second quarter, expected to hold steady at 3.0% on an annualized basis. Thursday will also bring a slew of speeches and public appearances from several Fed officials, including Fed Chair Jerome Powell. Dow Jones news Most of the Dow Jones equity index tilted into the red on Wednesday, with around two-thirds of the stock board easing for the day. Intel (INTC) still managed to extend a near-term rally, stretching another 2.5% to $23.40 per share, but the battered chipmaker still remains down over 53% YTD. Amgen (AMGN) tumbled nearly 5% on Wednesday, dragging the Dow Jones lower overall and fell below $315 per share for the second time since the beginning of August. The pharmaceutical company’s recent exploration into a new eczema drug called rocatinlimab yielded results that undershot efficacy expectations, and also underperformed competitors’ products that already exist for treating atopic dermatitis.

The Dow Jones tilted into the bearish side, falling 300 points. Exhaustion plays are on the cards with indexes deep in overbought territory. Despite a trim off the top, the Dow Jones is on pace for another record month. The Dow Jones Industrial Average (DJIA) pulled back on Wednesday, shedding around 300 points and easing back below the 42,000 handle as the heavyweight equity index takes a breather after a period of repeated breaks into record territory.  Treasury yields ticked higher on Wednesday and most of the US indexes are testing into the red, with the Dow Jones taking the brunt of the damage, falling 0.8% through the US trading session. Market focus is shifting back to the state of the US economy following the Federal Reserve’s (Fed) bumper 50 bps rate cut last week. US consumer confidence indicators fell this week as the average US consumer doesn’t share in the stock market’s exuberance over Fed rate cuts, with key confidence readings falling to their lowest levels in three years and consumer inflation expectations for the next 12 months ticking higher. This Friday will see a fresh update to US Personal Consumption Expenditure (PCE) inflation figures. New home sales also fell in August, declining 4.7% to 716K from the previous month’s revised 751K. Meanwhile, investors will see another print of US Gross Domestic Product (GDP) growth for the second quarter, expected to hold steady at 3.0% on an annualized basis. Thursday will also bring a slew of speeches and public appearances from several Fed officials, including Fed Chair Jerome Powell. Dow Jones news Most of the Dow Jones equity index tilted into the red on Wednesday, with around two-thirds of the stock board easing for the day. Intel (INTC) still managed to extend a near-term rally, stretching another 2.5% to $23.40 per share, but the battered chipmaker still remains down over 53% YTD. Amgen (AMGN) tumbled nearly 5% on Wednesday, dragging the Dow Jones lower overall and fell below $315 per share for the second time since the beginning of August. The pharmaceutical company’s recent exploration into a new eczema drug called rocatinlimab yielded results that undershot efficacy expectations, and also underperformed competitors’ products that already exist for treating atopic dermatitis.

Recently, the appreciation trend of the RMB exchange rate has been significant. At around 8:00 am Beijing time on September 25th, the USDCNH broke through the 7.0 mark, reaching a high of 6.9951, and then returned to the range of 6. It is worth mentioning that the USDCNH has appreciated beyond the 7.0 mark, marking the first time since May last year and reaching a new high in 16 months. In the eyes of industry insiders, after the Federal Reserve cut interest rates, coupled with the recent introduction of a package of domestic policies and the improvement of domestic economic recovery expectations, the USDCNH has steadily appreciated in this round, breaking through the 7-point mark. Looking ahead to the future, there is a strong sentiment in the current foreign exchange market, and the previously accumulated demand for foreign exchange settlement will be further released. After the RMB exchange rate rises above 7, there may still be some room for appreciation.

Recently, the appreciation trend of the RMB exchange rate has been significant. At around 8:00 am Beijing time on September 25th, the USDCNH broke through the 7.0 mark, reaching a high of 6.9951, and then returned to the range of 6. It is worth mentioning that the USDCNH has appreciated beyond the 7.0 mark, marking the first time since May last year and reaching a new high in 16 months. In the eyes of industry insiders, after the Federal Reserve cut interest rates, coupled with the recent introduction of a package of domestic policies and the improvement of domestic economic recovery expectations, the USDCNH has steadily appreciated in this round, breaking through the 7-point mark. Looking ahead to the future, there is a strong sentiment in the current foreign exchange market, and the previously accumulated demand for foreign exchange settlement will be further released. After the RMB exchange rate rises above 7, there may still be some room for appreciation.

EUR/USD cut away bearish sentiment and rallied back into recent highs on Tuesday, taking another unsuccessful run at 1.1200. The Euro itself has little reason to be bid up by traders, but a broad-market weakening in the Greenback is helping to keep Fiber bidding action on the high side. There is little data of note due on Wednesday on both sides of the Atlantic. Euro markets are entirely absent from the economic docket for the midweek market session. USD traders will have to wait until the NY market session before an appearance from Federal Reserve (Fed) Board of Governors member Adriana Kugler, who will be speaking at the Harvard Kennedy School in Cambridge.

EUR/USD cut away bearish sentiment and rallied back into recent highs on Tuesday, taking another unsuccessful run at 1.1200. The Euro itself has little reason to be bid up by traders, but a broad-market weakening in the Greenback is helping to keep Fiber bidding action on the high side. There is little data of note due on Wednesday on both sides of the Atlantic. Euro markets are entirely absent from the economic docket for the midweek market session. USD traders will have to wait until the NY market session before an appearance from Federal Reserve (Fed) Board of Governors member Adriana Kugler, who will be speaking at the Harvard Kennedy School in Cambridge.

Firmer prospects of extra interest rate cuts by the Federal Reserve in the latter part of the year in combination with soft US data releases as of late motivate Gold prices to navigate close to recent all-time highs around $2,670 per ounce troy.

Firmer prospects of extra interest rate cuts by the Federal Reserve in the latter part of the year in combination with soft US data releases as of late motivate Gold prices to navigate close to recent all-time highs around $2,670 per ounce troy.