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Anchoring & Recency Bias, Overconfidence And More

Anchoring & Recency Bias, Overconfidence And More

Image Source: PexelsIn this last post about investment biases, I cover the anchoring and recency bias and the overconfidence and self-attribution bias. I also share my tips for overcoming these biases so that they don’t lead to poor investment decisions. If you missed the posts covering the other biases, here are some links:Recognize and Overcome your […]
Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

Key Takeaways Mt Gox has moved 47,229 BTC ahead of a $9 billion payout to creditors. The transaction could influence market dynamics due to increased supply. Mt. Gox, the defunct Bitcoin exchange, transferred 47,229 BTC, worth around $2.7 billion, to a new wallet as it gears up to distribute $9 billion in Bitcoin, Bitcoin Cash, […]
June Payrolls Preview: Another Big Drop

June Payrolls Preview: Another Big Drop

Image Source: PixabayUS payrolls is expected to once again in June to 190k from 272k in May and after a cycle low 165K in April. Most economic indicators in the past month indicated labor market deterioration: jobless claims that corresponded with the BLS’ survey window for the jobs report worsened. ADP’s gauge of payrolls came in […]
USD/CAD Remains Under Selling Pressure Near 1.3600 Ahead Of US/Canadian Employment Data

USD/CAD Remains Under Selling Pressure Near 1.3600 Ahead Of US/Canadian Employment Data

Photo by Michelle Spollen on Unsplash USD/CAD trades in negative territory for the fourth consecutive day near 1.3605 in Friday’s early Asian session.  The recent discouraging US economic data have fuelled the chance of a Fed September rate cut, weighing the US Dollar.  Canadian Net Change in Employment is expected to decline to 22.5K versus 26.7K prior.  The […]
Gold Price Consolidates Near Two-Week Top, Looks To US NFP For Fresh Impetus

Gold Price Consolidates Near Two-Week Top, Looks To US NFP For Fresh Impetus

Image Source: Unsplash Gold price continues with its struggle to gain any meaningful traction on Friday. Investors opt to wait on the sidelines ahead of the release of the US NFP. September Fed rate cut bets undermine the USD and lend support to the metal. Gold price (XAU/USD) extends its consolidative price move during the Asian […]
Britain’s Political Earthquake: What It Means For Growth, The Pound And Public Finances

Britain’s Political Earthquake: What It Means For Growth, The Pound And Public Finances

Image source: UnsplashUK exit polls predict a landslide win for Keir Starmer’s Labour Party and humiliation for the ruling Conservatives under Prime Minister Rishi Sunak. While the result has been largely ‘baked-in’ given the opinion polls, the new government faces enormous financial and fiscal challenges. A political earthquake has struck the UK after its election  The […]
NFP: Time To Circle The Wagons

NFP: Time To Circle The Wagons

Image Source: PexelsAsian equities are expected to open flat as traders “circle the wagons” and square off interweek speculative trades ahead of the crucial U.S. jobs data due later on Friday. This data is set to provide the most explicit hints yet as to whether the Federal Reserve might pull the rate-cut lever in September.Across the […]
3 Consumer Staples Stocks To Buy As Prices Slow Down

3 Consumer Staples Stocks To Buy As Prices Slow Down

Image Source: UnsplashTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.The Consumer Staples sector has been going steady this year after declining for two years in a row. As of Jul 3, the S&P 500 Consumer Staples Select Sector SPDR (XLP) was up […]
USD/JPY Softly Lower On Thursday, Easing Off The Gas Pedal After Edging Close To 162.00

USD/JPY Softly Lower On Thursday, Easing Off The Gas Pedal After Edging Close To 162.00

Image Source: Pixabay USD/JPY eased slightly with US markets on holiday. Thin Japan data brings little of note for the Yen. Friday’s US NFP jobs data dump to cap off the trading week. USD/JPY eased slightly as the Yen gets a much-needed break from getting pummeled by bears. The pair chalked in a midweek peak a few […]
Profiting From Market Irrationality

Profiting From Market Irrationality

Image Source: Pexels Markets can remain irrational longer than you can remain solvent. Knowledge of past market performance is a huge leg up. Human nature does not change. First of all you might not think this market is irrational, which means you probably are heavily invested in the AI/Magnificent Seven trade. Congratulations! You’ve made a lot of money. As of Wednesday, […]