Learn how to trade Forex successfully

Importance of Forex education

The Forex market is constantly changing, so traders need to be able to understand the ups and downs of this market. There is no patterned formula or set of rules to guarantee success in Forex. Instead it is a combination of many things all at once - and to succeed in this market traders need to be patient, talented and mindful. Understanding this is the first step in Forex learning.

Being able to talk about ratios, charts, indexes and trading should be be regarded as a skill to aspire to when you start to learn about Forex trading. In the beginning it can be tempting to rush through your learning, but it's important that you step back, take the time you need and advance at a sensible rate. You need to be able to constantly evaluate your performance, and understand the reasons behind your wins and losses. Now let's see why should you learn how to trade Forex the right way.

How to trade in Forex

Below are some tips that can help you become a successful trader in the Forex market. These tips will help you understand how to trade on Forex, especially if you are an absolute beginner.

Recognition

In order to earn maximum profit, you must acknowledge the risk and safety zones in the market. For this you have to be self-aware. The first step in becoming self-aware is to make sure that any capital invested and risk tolerance to Forex trading is at the right level. In short, you have to be able to analyse your aims and objectives and trade accordingly. This is the most important thing to note on how to trade Forex for beginners.

Invest what you can bear

One of the best tips for any new trader is to start with small amounts and only increase the capacity of your account with your profit - not by further deposits. You don't have to invest a large amount to earn profit - you can maximise your investment however small it is. By starting out small, you cut down the risk of heavy losses when large volumes of cash are involved. This is an essential part in understanding how Forex works and how to trade Forex online.

Start with a single currency pair

The currency trading world is complicated due to the unpredictable nature of markets, different characters and tenacities of its participants. It is difficult to be a perfect trader in the financial world. For this reason, it advisable to begin by focussing on a single currency pair - preferably one you are familiar with and can easily update yourself on. It may be better to choose one which uses the currency of your nation, or one which is widely traded. This will make it easier for you to learn Forex market trading.

Control your emotions

If you find yourself becoming concerned about the market and effects on your trading, don't follow your emotions. Giving into feelings of panic, greed or excitement is a sure way to ruin your trading career. Instead, maintain a logical and practical approach to your trading. All traders should have a predetermined trading strategy to follow, so make sure you follow it. Don't suddenly change your mind halfway through a trade based on emotion - you're more likely to make irresponsible decisions which can cost you greatly. Whilst this tip isn't a direct answer on how to trade Forex, it can certainly help you avoid costly mistakes.

Keep a record

We learn from our mistakes, and this can be deeply implemented in Forex trading. Keep a record of your successes and failures and any key mistakes and positive steps that you have taken in order to achieve your desired profit. This is an important step in learning how to be successful in FX trading.

The previous tips are the first steps that you need to take in order to understand how to learn Forex trading and become successful in the Forex market. Following these tips will certainly make your trading experience better. Now let's take a look at how a beginner should approach Forex trading

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Learning Forex trading - a beginner's guide . Video

The first thing that you need to do when it comes to trading Forex is to understand what you want to achieve. In deciding what you want, you have to be realistic. Set yourself a realistic and quantifiable goal. This could be something like: achieve 20% annual return on investment, earn 5000 USD of profit, get a total of 100 pips per month or something similar. Whatever you decide, your goal should also be easy to measure. What is also important is to set a goal that can be achieved over a long time frame - it is recommended to set an annual goal to achieve rather than a monthly goal.

Once you have set your main trading aim for the year, it is now time to start learning how to achieve it. The best way is to identify what resources are available to you. This may include the size of your deposit, the amount of time you are willing to spend on trading, and amount of available funds you are willing to spend on trading-related matters (software etc). Once you have a clear vision here, let's move on to the next step.

As you now know what you want to achieve and what you are willing to put on the table, it is time to make an action plan. This action plan should include the currency pairs you are planning to trade and the amount of trades you are going to commit to. This is of course difficult without having a proper strategy in place, so first prepare a template of your action plan, and then move to the next step.

Practice makes perfect - and yes, this is essential in order to understand how to trade Forex successfully. Start off by opening a Demo Account. When you use a Demo Account, the market conditions are nearly the same as on the Live Account, yet all of the trading is done risk-free using virtual money. Once you have a Demo Account, you should try out a number of different trading strategies to see which one provides you with the best trading results. Paper trading is essential, as during this process you can analyse your skills and see how your strategy could be improved. By trading a lot you can identify the best time frame, the best currency pairs and the most suitable trading strategy. This is a lengthy process that can take sometimes months, but it is definitely worth doing. Once you feel confident in your trading skills, return to the previous step and complete a trading plan with the data you collected during paper trading practice.

Once you have a direct plan of action, it is time to actually go ahead and start working towards your trading target. Set up a Live Account, deposit the same as what you practised with on your Demo Account and start trading according to your trading strategy and plan. You can of course modify your strategy and the rules you use, yet this should only be done when there are no open positions. This is one of the main rules to keep in mind. Many novice traders find it difficult to let losing positions go and they will try to modify their rules so they can try and turn a losing position into one that breaks even. This is a common mistake and it should be avoided. Changes in the plan are only possible upon performing a careful analysis and only when there are no positions involved in the trading.

These steps that we have addressed in this article are what you need to follow if you want to become successful in the Forex market. Being a successful trader takes a lot of effort and you have to be willing to go through a lot of trial and error. That being said, if you do succeed the benefits are more than worth it.

This wraps up our guide on learning how to operate on the Forex market in a successful way. We wish you luck and should you require any additional information on Forex trading please visit our education section.

Luxor Museum

Establishment[edit]

Statue of Sobek with Amenhotep III at the Luxor Museum.

The Luxor Museum was inaugurated in 1975. It is a two-story building.[2] The range of artifacts on display is far more restricted than the country's main collections in the Museum of Antiquities in Cairo; this was, however, deliberate, since the museum prides itself on the quality of the pieces it has, the uncluttered way in which they are displayed, and the clear multilingual labeling used.[citation needed]

The museum was conceived by the Egyptian Ministry of Culture, which hired Dr. Mahmud El Hakim, a top Egyptian architect, to create the plans in 1962.[2] The installation of the museum art works came later and was finished between 1972 and 1975.[2]

Collection[edit]

Among the items on display are grave goods from the tomb of the 18th dynasty pharaoh Tutankhamun (KV62) and a collection of 26 New Kingdom statues that were found buried in the Luxor statue cache in the nearby Luxor Temple in 1989. The royal mummies of two pharaohs - Ahmose I and Ramesses I - were also put on display in the Luxor Museum in March 2004, as part of the new extension to the museum, which includes a small visitor centre. A major exhibit is a reconstruction of one of the walls of Akhenaten's temple at Karnak. One of the featured items in the collection is a calcite double statue of the crocodile god Sobek and the 18th Dynasty pharaoh Amenhotep III.[2]

Forex News – German election surprise weighs on euro

Despite Chancellor Angela Merkel leading federal elections on Sunday, it was rather a losing game for her CDU/CSU party as it failed to earn enough votes to form a government. Besides that, bad news arose also after the SDP party, which is currently a coalition partner to CDU, stated that it would head into opposition, leaving Merkel’s party no choice other than to seek partnership with rivals who have different views on EU policies. This brought doubts about further EU integration and consequently pushed the euro below the $1.19 key level.

The center-right CDU/CSU remained Germany’s largest party after the election outcome on Sunday with Angela Merkel securing a fourth term as chancellor. Exit polls showed that Merkel earned 33% of the votes, reaching the lowest support since 1949, while Martin Schulz, who was the candidate for the center-left SDP gained 20.5%, touching post-war low levels. In contrast, the far-right AfD party was the real winner as it managed to earn enough votes to win seats in parliament – the first time in more than half a century that a far-right party will have representation in the Bundestag. Sources suggest that the AfD party gained voters’ confidence in the former communist east after Germans protested Chancellor’s decision to allow 1 million asylum seekers to enter the country in 2015-16.

Merkel’s conservatives will now have to negotiate with other parties to secure a majority and form a coalition government after their current coalition partners, the SDP, turned down the option of renewing their cooperation. The CDU/CSU will probably aim for a three-way union with the Free Democrats and the Greens, which has been named as the Jamaica coalition due to the combined party colours of black, yellow and green.

However, this might be a long process for Merkel’s party and a threat to plans for deeper Eurozone integration as the prospective parties have different opinions on EU policies. For instance, Free Democrats oppose French President Emanuel Macron’s idea of adopting a common budget and a permanent finance minister, which would bring eurozone states closer at a time when the UK is negotiating its exit from the EU. In addition, the FDP during its election campaign

proposed changes to EU treaties that would allow eurozone members to leave the block as well as the discontinuation of the ESM bailout fund. Therefore, if the FDP becomes the new coalition partner, Macron, who is scheduled to give a speech at the Sorbonne University in Paris on Tuesday to reiterate his Eurozone ideas, would find it difficult to sell his vision and consequently increase uncertainty in financial markets.

Looking at forex markets, euro/dollar bottomed at 1.1877, reversing earlier gains made in the Asian session and losing 0.70% of its close price on Friday. Euro/yen tumbled to 133.17 after a strong rally earlier on the back of a weaker yen which drove the pair to an intra-day high of 134.22. Euro/pound declined by 0.49% to 0.8806 from 0.8849 on Friday.  Disappointing readings on German Ifo business climate index released during early European trading hours also weighed on the euro.

Forex Regulations

One of the most important criteria for traders when choosing a Forex Broker is the regulatory status of the broker and under which regulatory body it is governed. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients’ money.

There are Forex regulation organizations in many different countries but often a Forex broker will receive only a local licensing until the valid regulation comes through. This can take quite a bit of time as Forex broker regulators delve deep into the fiscal condition of the brokerage and thoroughly investigate the past experience of the CEO and other key figures in the firm.

Some of the more recognized Forex regulators are FSA located in the United Kingdom, CySec out of Cyprus and the SEC in the United States if the broker is permitted to trade to American clients. In addition to a local Forex regulation, some brokers find it important to acquire memberships from professional and governmental bodies such as Markets in Financial Instruments Directive (MiFID), a European Union law that provides harmonized regulation for investment services across the 30 member states of the European Economic Area and the Investor Compensation Company Limited (ICC), a subsidiary of the Securities and Futures Commission which was established to provide adequate funds out of which eligible investors of failed investment firms are compensated.

If a Forex broker is regulated, the name of the Forex regulator should be transparently listed somewhere on the broker’s website. Oftentimes this is not so readily found and a trader must turn directly to the broker for this information or can look for the information on one of the available of online websites that list Forex brokers and their Forex regulation. In an effort to simplify this search, DailyForex.com offers you a complete alphabetical list of regulatory organizations according to the countries where they are located.

The Three Queen's Pyramids

Notable on the Giza Plateau are the three abundant abate accessory that angle in a row forth the south bank of the arch pyramid. Designated G 3a-c, archaeologist aspect them to Menkaure's aristocratic consorts. Of these, alone G 3a was a accurate pyramid, the added two accepting a four footfall core, and some Egyptologists accept that it functioned as a band pyramid, admitting it was additionally acutely acclimated for a burial. All three of these pyramids were amidst by a accepted ambit wall.

G 3a, the easternmost, of these pyramids, absolutely had a small, east-west aggressive mortuary temple of its own that was attainable from it's pyramid's courtyard. This mortuary temple was apparently partially congenital of limestone, but was agilely accomplished with mudbrick. The west end of the mortuary temple was bedeviled by a adequately large, accessible courtyard that had niches congenital into its arctic wall. On its south ancillary was a row of board columns. A baby band abbey with an access adorned with deep, bifold niches to either side, advance into an alms allowance that included a apocryphal door. accumulator annexes were amid in the northwest allotment of the temple, and in the southwest a access led to the roof terrace.

Pyramid G 3a was the better of the three constructs, with an access anchored in the average of the arctic wall, alone a little aloft arena level. It has a basement consisting of a burying alcove dug from the bedrock beneath the centermost of the pyramid's base, which communicates with a bottomward access aisle able with a barrier. This burying alcove was originally able with a blush granite sarcophagus, anchored in the attic abutting to the west wall. Unfortunately, it anon fell casualty to tomb robbers. There were additionally bits of ceramics and broiled charcoal of copse and carpeting begin in this chamber.

We absolutely accept little abstraction who was interred in Pyramid G 3a. Reisner anticipation that it ability be Menkaure's arch consort, Khamerernebti II, but based on a bronze of that queen begin in the alleged Galarza tomb in the axial allotment of the Giza necropolis, others accept that she was active alongside her mother, Khamerernebti I in that tomb. In fact, it is not absurd that this pyramid was originally artlessly a band pyramid that was closing adapted into a tomb.

Besides actuality smaller, and defective the appearance of a accurate pyramid, G 3b additionally differs in added details. These accommodate the adjustment of the bottomward corridor, which lacks a barrier. The basic of a adolescent woman were begin in the blush granite sarcophagus which stood adjoin the west bank of the burying alcove that was amid beneath the northwest allotment of the pyramid. Like G 3a, it additionally had a baby mortuary temple, admitting in this case it was aggressive north-south.

G 3c was never completed with its casing. Like G 3b, the burying alcove was complete beneath the northwest allotment of the pyramid, and was additionally not finished. Admitting no burying was begin aural this pyramid, there was bright affirmation of a band afterward in the baby mortuary temple that stood in advanced of the east ancillary of this pyramid. Additionally like G 3b, this mudbrick anatomy was aggressive north-south.

Unfortunately, the owners of G 3b-c are absolutely absent to us and may never be known. We are almost assertive that they were consorts of Menkaure, but contrarily there no advice on these aristocratic women.

Recent Excavations

Recent excavations by Mark Lehner's aggregation abreast the basin temple accept afresh amorphous to bare this all-inclusive burghal of workers who congenital and maintained the pyramids for ancestors afterwards. Since 1988, excavations accept been concentrated about the breadth about 300m south of the Sphinx and the gigantic anatomy accepted as the 'Wall of the Crow', abreast to a afresh apparent 'worker's cemetery'. So far they accept baldheaded bakeries, a chestnut workshop, and worker's houses which, in the year 2000 were begin to accord to a all-inclusive aristocratic circuitous absolute huge galleries or corridors, afar by a paved street. This may accept advance to a Aristocratic Palace.

Other contempo excavations about the pyramid of Menkaure accept been conducted by the Egyptian Antiquities Organization in chase of affirmation of the king's funerary boats and the pyramid's architecture ramp. They accept apparent an amateurish double-statue of Ramesses II, sculpted from a distinct block of bean and barometer over three meters in height. This was the aboriginal large, New Kingdom statues to be apparent at Giza, and yet addition mystery.

Forex Market Review (European Session)

According to the widely-expected nonfarm payrolls report, 1.5mn people stayed out of work due to dangerous weather conditions in September, dampening the number of jobs added to the economy.  This, however, was not the biggest surprise, as investors had been warned about the negative consequences arising from the devastating hurricanes. What was instead a more unexpected fact, was the upside change in wage growth which consequently pushed the dollar to fresh highs and boosted confidence in the US economy. In the meantime, the Gulf of Mexico is threatened again by another tropical storm, with oil prices giving up their yesterday’s gains.

Hurricanes Harvey and Irma indeed dragged US nonfarm payrolls down, though, the impact was more negative than expected as the number of workers employed during the previous month declined by 33,000 instead of increasing by 90,000 as analysts estimated. In comparison, August’s mark of 169,000 was upwardly revised from 156,000. In the private sector, 40,000 people were out of work.

On the other hand, weather distortions did not influence the unemployment rate as the rate considered people missing their jobs as employed. The figure fell surprisingly to a sixteen year low of 4.2%, while forecasts were for the figure to remain steady at the previous mark of 4.4%.

Good news also came from average earnings, with workers enjoying an increase of 0.5% m/m in their average hourly payments in September, following a rise of 0.2% in August. On a yearly basis, wages jumped by 0.2 percentage points to grow by 2.9%, approaching the 3.0% needed for inflation to reach the Fed’s 2.0% target according to analysts.

The participation rate rose from 62.9% to 63.1%, the highest level seen since September 2013.

In the wake of the labour data, the dollar index surged to a 2 ½ -month high of 94.50 before it slipped back to 94.15, being 0.24% up on the day. Dollar/yen also touched a 2 ½ month high at 113.40, making a daily gain of 0.47%. Dollar/swissie was up 0.40% at a 3 ½-month high of 0.9816.

In Canada, September’s labor report revealed that the economy added lower jobs than expected as the increase in full-time positions slightly offset the significant reduction in part-time jobs. Particularly, part-time positions experienced the largest drop ever seen, dropping by 102,000 after rising by 100,400 in August. In contrast, 112,000 people became full-time employers – the highest time since 2006 – following the departure of 88,100 persons in the previous month and adding 10,000 people to the labour force. The Canadian unemployment rate stood flat at a 9-year low of 6.2%.

Dollar/loonie struggled to gain ground, retreating to 1.2556 after it peaked at a 5-week high of 1.2597.

Euro/dollar was trading weak during the session, pulling to a 9-week low of 1.1668 in the wake of the US nonfarm payrolls. Still, it managed to edge up to 1.1692 afterwards.

Meanwhile, the Catalonia’s head of foreign affairs, Raul Romeva, speaking on BBC on Friday, said that the region’s parliament would decide on breaking away from Spain on Monday despite the Spanish Constitutional Court banning the parliamentary session from going ahead. This could potentially lead to more scenes of violence in the region. The Spanish Prime Minister, Mariano Rajoy, will meet with ministers later today as tensions remain high, with two large banks already planning to reallocate their operations elsewhere in Spain to avoid any negative economic effects due to ongoing tensions.

A better than expected September Halifax house price index reading out of the UK did little to boost sterling as May’s leadership was in doubt after a disappointing speech at the Conservatives’ annual conference, with former Conservative chairman calling her to step down. However, May’s statement of providing “a calm leadership” provided some short-lived gains to the currency before it dived to a one-month low of $1.3024 – the pair was last at  $1.3041.

In commodities, oil prices reversed yesterday’s gains as energy producers shut down their operations in the Gulf of Mexico ahead of the tropical storm Nate which heads towards the region after causing fatalities to a number of Central American countries. WTI crude lost 2.89% of its value during the day, last trading at a three-week low of $49.42 per barrel, while Brent retreated by 2.26% to $55.73.

Beyond Jewellery: How De Grisogono transformed one of the largest, purest diamonds ever mined

he word "carat", when referring to the weight of a diamond, comes from the Greek word keration, or carob bean, a unit that has been used to measure precious stones since the 16th century. One carat equals one bean, roughly, and while many an aspiring bride today knows exactly what a one-carat diamond might look like on her finger, few of us are familiar with the dimensions of a single carob bean, let alone 163.41 of them. (I tracked one down, and it’s about the size of a petit pois.)

A whopping 163.41ct – that’s the official size of the gigantic emerald-cut stone anchoring a new necklace by Swiss jewellery house de Grisogono as the brand celebrates its 25th anniversary. Fittingly flamboyant, the necklace itself is a huge, swooping collar of emeralds and diamonds, with the main event on a detachable setting at its base. And while the diamond is by far the largest the brand has had the privilege of working with, the necklace is typically "de Gris" (as it’s affectionately known by its jet-set clients), bold in colour and scale and high on glamour.

The whole thing is named "the Art of de Grisogono – Beyond Jewellery, Creation 1", and while that’s quite the name for a necklace, it’s also quite a piece, and it is set to be auctioned at the Magnificent Jewels sale at Christie’s, Geneva, on 13 November. The finished product will have taken nearly two years to get to that point: the 404ct rough diamond it started as was discovered in an Angolan mine in early 2016. 

Cairo: How to be a tourist in your own city

Over the past two years I have become addicted to travelling, and I find a way to escape to the mountains, the desert, or the beach at least twice a month. But these trips have barely scratched the surface of the million hidden treasures this country has to offer. What this also means is that every month there are at least a couple of weekends where my passion is left to dwindle while I sit in traffic.

When we travel to a new city, no matter how small, we look for amazing places, but when in Cairo, our own home and one of the richest destinations in the world, we Cairenes spend our free time going on the same outings and meeting the same people.

But now that I am completely addicted to travel, I have started to look at my own home through fresh eyes, with a sense of discovery. Here are a few day trips that will make you too feel like an explorer discovering Cairo anew.

Dahshur

About 60 kilometres from central Cairo, the Dahshur area–which technically is part of Greater Cairo–is a completely different world. As we got closer to our destination, there were fewer and fewer cars on the roads, and instead palm trees became more and more visible. Driving through fields and past tall palm trees is, for a city resident, an incredibly relaxing–and foreign–sight

Mokattam

This is hands down the most fun adventure you can have in Cairo. Located right next to the Mokattam monastery, the place is managed by a very friendly Polish man named Mario. The only downside to this magnificent place is the route to get there; we had to drive through the entire garbage-gathering district, which means dealing with both the smell and the narrow streets. The residents are however very friendly and helpful, and the route itself is not over-complicated.

The Religions’ Complex/Coptic Cairo

While well-known to tourists, for some reason I only discovered the magic of this place as an adult. Where else on earth can you visit a mosque, a church, and a synagogue in such a small area?

To enjoy the full experience, try to go during a week day, around 9am. I know it’s not an ideal option, but otherwise you will find the place very crowded. I went twice; the first time was mid-week and we were the only ones there, while the second time was a Friday, and we were joined by half of Cairo.

The hidden gems of Downtown Cairo

One of the main beauties of Egyptians is that we as a nation are late risers; this translates to empty streets on weekend mornings. 

To take advantage of this sense of calm, you can’t miss a morning coffee in Alfi Street, which is for pedestrians only. The cafes there don’t offer top-notch coffee, so bring your own and sit in the central square surrounded by historic buildings, and watch the people pass by.

US needs to work with others on North Korea crisis: Singapore PM

Singapore Prime Minister Lee Hsien Loong said on Monday he outlined for President Donald Trump his country's efforts to pressure North Korea over its nuclear program but also advised the U.S. leader to use talks to help resolve the conflict.

"Pressure is necessary, but so is dialogue," Lee said in remarks with Trump at the White House. "The U.S. will need to work with others, including China, South Korea and Japan and Russia, to resolve the issue."

He urged Trump to build a good relationship with China, noting that Singapore and other countries in the region "watch your relations with China very closely" and see it as "the most important bilateral relationship in the world.

The Fifa world team of year is announced

The Fifa Dream Team has been named, and here it is (4-4-3); Buffon, Alves, Marcelo, Ramos, Bonucci; Modric, Kroos, Iniesta; Messi, Ronaldo, Neymar.

Difficult to argue with much of that team. But Iniesta? Was he that good last year? At least the announcement might cheer up Bonucci though …

Cristiano Ronaldo wins men's player of year

Ronaldo wins the Fifa player of the year award for the fourth time in five years. That’s five awards apiece for him and Messi, the Argentinian’s golden period coming when he won four in a row between 2009 and 2012. Next year will sure be interesting. Will it? Only marginally. Olivier Giroud will be pleased with his night’s work. Makes a change from sitting on the bench in the Premier League at least. And peace even broke out among the women after the shortlist caused such controversy. Martens is a worthy winner, and Lloyd showed her enduring class … Thanks for joining. Bye

Alex Lahey

Sounds Like: Part Runaways and part Carly Rae, this is whimsical, frown-proof rock that cuts off slices of life with a razor-sharp blade.

For Fans of: Best Coast, Tegan and Sara, Lucy Dacus

Why You Should Pay Attention: Australian indie rocker Alex Lahey's punchy early single "You Don't Think You Like People Like Me" was all over radio in her home country, and streaming services soon followed. On 2016's debut EP, B-Grade University, her hook-filled songs (and inventive videos) about liking Wes Anderson movies and college life feel direct and personal, yet still unpredictable. "I'm not going out of my way to relate to anyone," Lahey contends. "I'm just talking about my life."

Earlier this year, she finished her first full-length, I Love You Like a Brother, and spent a month visiting her brother, Will, in New York City. Though he knew the record's name toasts their siblingship, she was nervous to play it for him – especially the ebullient, surf-rock title track. On it, she sings, "People say we look the same but I don't think we do/Maybe it's a consequence of sharing the same womb." "It was a full-circle moment for me to talk to him about that stuff," she says.

Brother tackles heavy stuff like self care, relationship dysfunction and the paralysis of being broke. Levity arrives via self-deprecating humor, shout-along choruses and an impressive sonic range that toys with a different mixture of pop and punk on nearly every song. After opening for Catfish & the Bottlemen, Blondie and Tegan and Sara, Lahey starts a U.S. tour in support of the record in November.

She Says: "I grew up listening to [Tegan and Sara] and learned how to play guitar playing their stuff. Obviously looking up to them as songwriters is one thing, but to travel with them and watch how they operate on the road was another. The way they perform, the way they engage with their fans, the type of gear they use, and the way they shape their band. How conscious they are that their band, their crew and their business at large is a reflection of themselves. There are a lot of people flying the flag of social consciousness, but there are very, very, very, very few people who truly practice what they preach. They're leaving a legacy, and if I'm a part of that I'm stoked.

"There's a phrase: Sometimes it's good to say no. In the context of music videos and photo shoots and presenting myself aesthetically, that's the one time I'm totally down with saying no. People are like, 'We want to do this Vanity Fair-style ball gown shoot,' and I'm going to be like, 'No, fuck off.' Have you seen me? Do you know what I'm about? It's obvious I'm not that kind of person. I'd rather spend my time writing good songs than fucking look better than the next person."

Hear for Yourself: "Every Day's the Weekend" is rollicking, unpolished garage rock. Reed Fischer

YoungBoy Never Broke Again

Sounds Like: The next Baton Rouge rap hero

For Fans of: Boosie Badazz, 21 Savage, YFN Lucci

Why You Should Pay Attention: YoungBoy Never Broke Again has found organic success for the way he marries Nineties-era tough talk with the melodic sensibilities of today's Atlanta hip-hop. The 17-year-old depicts himself in songs and videos, averaging 13 million views each, as a Billy the Kid in his native Baton Rouge. More seasoned artists who still bear rap realism as a badge of honor, like hometown heroes Boosie Badazz and Kevin Gates, took notice, and Atlantic Records signed him. After teaming up for "Murder" off the Fate of the Furious soundtrack, 21 Savage will have YoungBoy open for him on his 22-date Numb the Pain tour this fall.

He Says: YoungBoy and his teenaged co-stars wielded guns so casually in his older videos, that it was startling. "New YoungBoy don't show guns," he says. "I love the old videos. But it's child shit. I've been there, done that. I ain't got nothing to prove to nobody. You should know that anything can happen. … I ain't gotta show it."

Hear for Yourself: "Untouchable" may sound peaceful at first, but YoungBoy's lyrics reveal how he still has a by-any-means-necessary attitude, despite Meek Mill checking in on his safety via FaceTime. Christina Lee

Moses Sumney

Sounds Like: Heady dreams about lonesome landscapes, narrated with precise urgency

For Fans Of: Solange, King, Vulnicura-era Björk

Why You Should Pay Attention: This Los Angeleno's debut album Aromanticism is one of the most startling debuts of the year, a treatise on the notion of living without love that uses wide-ranging musical tastes and a gorgeously elastic voice to deliver thoughts on existence. Sumney's vocals appear on Solange's steely-eyed 2016 triumph A Seat at the Table, and his swirling take on Beck's composition "Title of This Song" opens the recorded version of the pop guru's 2013 sheet music compendium Song Reader; but Aromanticism is a showcase for Sumney's compositional talent, love of sound and ability to craft simple yet searing lyrical statements. Sumney is currently finishing his first headlining tour before he heads out to Europe for a series of festival dates and headlining stints.

He Says: "['Quarrel'] started with me and the producer Cam O'bi talking about making something that was a fucked-up Stereolab song, but a soulful one. We made this beat and came up with some chords, and I took it home. Over the course of the next year, messed with it, because I didn't want it to sound like it could be just one genre. I was listening to a lot of Alice Coltrane at the time, and to Joanna Newsom's first album, and I was falling in love with the harp. We found this harpist named Brandee Younger, who lives in Harlem, and we flew out to Harlem to record her, and then I wanted the song to transition from being beat-oriented to feeling live-band-oriented. So I assembled a cast of characters in L.A. to add on to the outro – a drummer, a bassist and a keyboardist/synth extraordinaire. The song was a lot of pieces – 'OK, we’re going to put the harp player here, and the live band here and we have a guitar player in L.A. that can do this.' A lot of the record was made that way."

Hear for Yourself: Aromanticism, accompanied by visuals that Sumney conceptualized with his collaborators Allie Avital and Sam Cannon, is streaming in full on YouTube. Maura Johnston

Greta Van Fleet

Sounds Like: Three brothers and a best friend determined to make rock and blues relevant again

For Fans of: Led Zeppelin II, sibling bands like the Kinks, Viking rock

Why You Should Pay Attention: Their debut single "Highway Tune," a ferocious bit of slashing rock driven by singer Josh Kiszka's Robert Plant wail, is Number One on Mainstream Rock radio. Raised by their father on blues greats like Willie Dixon, Howlin' Wolf and Elmore James, the brothers Kiszka – Josh, Jake (guitar) and Sam (bass/keys) – recruited drummer Danny Wagner to form Greta Van Fleet, named after a local octogenarian musician in their hometown of Frankenmuth, Michigan. The group's debut EP Black Smoke Rising has made fans of everyone from fellow Michigander Bob Seger and Howard Stern to Alice Cooper and, supposedly, Plant himself. "Someone showed him our stuff and he said, 'That's fuckin badass,'" says Josh. The group is currently on a sold-out U.S. tour.

They Say: "Rock & roll isn't really going on right now and it's something the people need," says Josh, before explaining the group's unique moniker. "We came across 'Gretna Van Fleet' and thought it'd be a cool band name. It sounds Nordic and ambiguous. We changed it to Greta and put it on the marquee of a show we were playing downtown and she and her husband came and sat through the whole set. They're in their early 80s. She used to play the dulcimer."

Hear for Yourself: With a chugging riff, bombastic drums and Josh's rapidfire lyrical delivery, "Highway Tune" is robust proof that classic rock lives. Joseph Hudak

A Boogie Wit Da Hoodie

Sounds Like: A Bronx-born rapper overflowing with sing-song melodies

For Fans of: Travis Scott, Lil Yachty, Playboi Carti

Why You Should Pay Attention: A Boogie Wit Da Hoodie recently scored his first Top 40 hit with "Drowning" – his second platinum-certified single in less than a year – and debuted at Number Four on the Billboard Albums chart with the LP The Bigger Artist. That's even more impressive considering that the rapper's debut mixtape came out just 18 months ago. But commercial success comes as no surprise to him. "When they did the Auto-Tune on my voice [the first time] I fell in love with that shit," he says. "I knew it was art from the beginning."

A Boogie Wit Da Hoodie's hits tend to be his more exuberant cuts like the cheerful "My Shit," which became a hit last year. But stick around for the bleak, mournful ballads like "Jungle."

He Says: "When I first went in the booth, I didn't know nothing about my voice. That's when I first started the melody. You could make a sound that you would think is embarrassing, but when you go in the booth, make that sound with a certain effect, you make a hit record out of that shit. I knew I couldn't sing. I just always tried to work with the beat and the voice so they could sound nice together. After a while it came to me – it wasn't a singing voice, but it sounds so good I can call it a singing voice."

Hear for Yourself: "Drowning" is both melancholy and triumphant, a downcast-sounding record about a life lived in the jet-set class. "Chain so heavy I feel like I'm holdin' up a mountain," he sings. Elias Leight

The Last Word: Carlos Santana on Turning 70, Trump's 'Darkness'

Fifty-one years after the Santana Blues Band played its first shows, Carlos Santana never fails to surprise. He's one of the spiritual founding fathers of the Sixties counterculture but currently lives in, of all places, Las Vegas with his wife, Santana drummer Cindy Blackman. "I've never had that gambling bug at all," he says, "but everything I said I would never do is in front of me. I didn't realize that some of the most gifted musicians, like Nat 'King' Cole and Sinatra, did [Vegas]. So I rearranged my position." He records with modern pop acts and has covered AC/DC and Def Leppard – but reunited an early lineup of Santana last year and is about to release Power of Peace, his first-ever collaboration with longtime friends Ronald and Ernie Isley. Here, Santana shares life lessons from his five-decade cosmic journey – the beliefs that keep him going, how he's trained his inner child and the times when he'll defend himself.

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Inside Santana and the Isley Brothers' Uplifting Joint LP

"Together we're like caliente barbecue sauce," Ernie Isley says of collaboration documented on new 'Power of Peace'

What are the best and worst parts of success?

I get to meet like-minded people like Harry Belafonte and Desmond Tutu. I also got to meet Dr. J and Wilt Chamberlain. You ask Wilt, "Hey, how's the weather up there?" He says, "Which state?"

Sometimes you also get to meet a knucklehead. If I'm out at a restaurant, I'm more than happy to take a photo with someone, but if they get a little too intense or drunk, I tell them, "I need you to honor my wife and honor me because you may have to call an ambulance for you and the police for me." They say, "Oh, I thought you were spiritual." I say, "I am, and I'm trying to stay that way."

What was your favorite book as a kid, and what does it say about you?

Anthony Quinn's autobiography The Original Sin. He had an inner child who was always putting him down. Everyone has some serious inner child that can be a demon and make you feel like crap. I learned to train that child to respect me and honor me.

What's the most indulgent purchase you ever made?

A fire-engine-red Excalibur car,
 around 1970 or '71. I didn't know how
 to drive, so after 15 miles on the free-way, the police pulled me over. The guy 
says, "You're Santana, right? Don't even try looking for your license because I know you don't have one. We're gonna help you." He gave me a card for someone who would pick me up and teach me how to drive. People have always been very, very gracious and accommodating to this Mexican.


What album do you put on to chill out?

John Coltrane's A Love Supreme. That music could compel a person who is strapping themselves with bombs to cry like a woman cries when she gives birth. They'll think, "What was I thinking?" Coltrane's music corrects a twisted and crooked mind.


You'll turn 70 on July 20th. You used to say you would retire around this age.

I'm retired from retiring. We just recorded our next album, with Rick Rubin. It's mostly African rhythms, and I'm going to call it Global Revelation. Rick doesn't know that yet.


For a period in the Seventies, you followed the Indian guru Sri Chinmoy and renamed yourself "Devadip." Does anyone still call you that? 

Only certain people who are still in the spiritual path. I'm really grateful for those 10 years 
I spent with that spiritual master. I don't believe I will be lost in the evil ocean, because what I learned was very much like a West Point discipline, like a Marine.

Given that you were born in Mexico, what are your thoughts on Trump and his wall plans?

Frankly, man, as soon as I wake up in the morning I thank Nikola Tesla, because he invented the remote control. I use the remote control to tune [Trump] right out of my house. So he has no power or no attention span from me. I just turn him off immediately. We should learn that we're at that point as humans to make the table bigger and not the wall taller.

Given your spiritual beliefs, do you think Trump is redeemable?

I want to see his light. I already know about his darkness, his fear and his greed. And it's redundant to speak over and over about that, but the man might have some light because he is a child of God just like you and me. And if we concentrate on that, hopefully one day he might shock everybody. Starting in New York he can start fixing schools, invest all that money he has, or at least some of the gravy money, to institutions right there in Manhattan.  

Cindy Blackman Santana to release "Fun, Party, Splash"

Marin County, California – The past few months have been a blur for CINDY BLACKMAN SANTANA, who is currently touring and performing with her husband Carlos Santana, is featured as a vocalist, drummer, and songwriter on “Power of Peace,” the new Santana/Isley Brothers collaboration, and has been busy touring with her own band and recording tracks in the studio with the legendary producer NARADA MICHAEL WALDEN. Together through Walden’s Tarpan Records label they will release the new single “FUN, PARTY, SPLASH” featuring Carlos Santana on all digital platforms on August 25, 2017.

CINDY BLACKMAN SANTANA is a virtuoso drummer whose artistry spans the realms of jazz and rock. As a bandleader and as a musician, Cindy is a sound innovator with a passion for pushing creative boundaries and exploring movement and change. She is as known for the nuances and colors she brings to her beats and fills as she is for the sheer power of her soulful playing. “Some drummers act, some react. Some keep time, others create it. CINDY BLACKMAN SANTANA is among the few who can,” writes Mike Zwerin of the International Herald Tribune.

Among a handful of the most innovative, original and influential artists of our time, NARADA MICHAEL WALDEN’S stature as an authentic musical renaissance man is a matter of record. Producing hits for Artists as diverse as Aretha Franklin (including the platinum “Freeway of Love”), Steve Winwood, Ray Charles, Sting, Elton John, Whitney Houston, George Michael, Mariah Carey, Barbara Streisand, Lionel Ritchie, Lisa Fischer, Stevie Wonder, Tom Jones, Gladys Knight, and The Temptations, the EMMY and multi-GRAMMY winner (Producer, Album and Song of The Year) has been at the helm of hit music that spans decades.

CINDY BLACKMAN SANTANA has been creating magnificent musical time and space since the beginning of her career as a busking street performer in New York City in the ’80s through the present day, touring the globe and making albums at the top of her game—including the critically acclaimed Another Lifetime (2010). In addition to collaborating onstage and in-studio with her own group—also known as Another Lifetime—she has toured and recorded with artists including Pharoah Sanders, Cassandra Wilson, Bill Laswell, Joss Stone, Joe Henderson, Al B. Sure, Buckethead, Don Pullen, Hugh Masakela, Buster Williams, and Angela Bofill. Cindy was part of the Tony Williams Lifetime Tribute Band called Spectrum Road with Jack Bruce, Vernon Reid, and John Medeski. From 1992 to 2007 and again in 2014 & 2015 she was the drummer in Lenny Kravitz’s band, performing through multiple world tours and hit albums. In 2010, she was part of the all-star line-up performing “Bitches Brew,” a tribute to Miles Davis’ seminal album staged at the San Francisco Jazz Festival and NYC Winter JazzFest.

More recently, Cindy has become the regular touring drummer for Santana. Having met several years earlier at a festival in Europe while she was touring with Kravitz, Cindy first played with Santana in spring 2010, when drummer Dennis Chambers had a previous commitment. "They have a great band vibe. It's nice to play with people who have grown together, built a sound together, and stayed together," she says. "When that happens, you can create so many different levels of communication. That's what they've done, and I love reacting with it and being a part of it."

Electricity onstage generated chemistry offstage—Carlos proposed to Cindy during a July 2010 concert, and they married in December. Looking ahead, they will collaborate artistically as well, on projects that will no doubt reflect their shared passion for improvisation, and belief in the transcendent nature of music. Cindy was an integral part of the new Santana/Isley Brothers release Power of Peace, featuring the song “I Remember,” which she wrote and sings. “To me,” she says, “music is completely spiritual, it’s the way you connect with your higher self, with the universe. It’s also a way to share light with millions of people. They don’t need to speak your language, have your beliefs, or be in the same place you are. The music speaks, it channels good energy, and makes a difference in people’s lives. Carlos and I are both conscious of doing that.”

NARADA MICHAEL WALDEN started his storied career as a drummer with John McLaughlin and Mahavishnu Orchestra. Narada’s music flows freely from pop, rock and soul, to the rarified realms of jazz, fusion, and world music. With Jeff Beck, Narada wrote and played drums on the seminal album Wired that earned them both their first Gold Album. Walden was an integral part of introducing Whitney Houston and Mariah Carey to millions of fans worldwide, producing and writing their breakthrough hits. Billboard Magazine honored him as one of the Top Ten Producers of all time.

In 2016, Cindy connected with her fellow drummer and world-class producer NARADA MICHAEL WALDEN, and together the two have been working on new material ever since. CINDY BLACKMAN SANTANA continues to build a body of work and artistic legacy that make her one of the finest drummers and recording artists of this or any generation.

I know that most of you are coming into the Forex markets with relatively small trading accounts. I also know that you want to grow your trading accounts while losing as little money as possible.

While this is not an easy goal to achieve, it can be done if you are willing to be disciplined and change the way you think about trading the markets. In today’s Forex trading lesson, I am going to share with you my honest and practical insight on how to successfully trade with a small trading account. So, if you’ve been lying awake at night, unable to sleep because you just can’t seem to make any consistent progress on your small trading account, this article is for you.

Before we dive into the details of today’s lesson, it’s worth noting that you are not experiencing difficulty in your trading because you have a small trading account. To be honest with you, the size of your trading account has no bearing on whether or not you are a successful Forex trader. A successful Forex trader is not necessarily a full-time professional trader, this is a myth you need to forget about right now.

You need to view success in the markets as a function of what is possible given the size of your trading account. So, if you have a $2,000 trading account and you are consistently making $200 a month, you should consider yourself a successful Forex trader, even though you obviously cannot live on $200 a month, more on this later.

Some people come into the markets with a $50,000 or $100,000 account and lose all their money in a short period of time. While other traders start with $1,000 and parlay that small amount into a substantial trading account over time. The determining factor of success lies not in the size of the trader’s account but in their beliefs about what successful trading consists of and what they need to do to achieve it.

Focus on trading the markets, not on making the money

It is not a profound statement to say that making money in the markets is a result of successfully trading them, but it’s worth examining this statement further to see just where most traders with small accounts go wrong.

The problem that plagues most traders with small accounts is that they are probably coming into the markets feeling a “need” to make money because they have put all the disposable income they have into their trading account and they really want to quit their jobs / get rich quick / buy a yacht, etc. The point is that trading the markets with a feeling of “need” results in you focusing most of your brain power on money and profits and much less of it on managing risk and mastering an effective Forex trading strategy like price action trading.

A trader needs to be good at trading a small account before they can move on to a larger account. I would even say that even if you do have a large sum of money to trade with, you should not fund your account with all of it until you have proved to yourself that you can make money on a smaller sum of money. Your focus should not be on turning a small account into lots and lots of money extremely quickly, this is simply not possible if you are managing your risk properly.

Instead, your focus should be on becoming a good trader, not on making money super fast. If you learn to trade the market successfully, the money will follow and attract itself to you in increasing amounts as time goes on. You truly need to focus on the trading not on the money if you want to have a chance at keeping your emotions at bay and obtaining consistent trading success as a result.

I can’t even tell you how many emails I get each week from people asking me questions like ‘Nial, how much money do I need in my account to make $1,000 a month’, or any number of other similar questions that just totally miss the point of what successful trading is all about. I am not criticizing anyone for asking such questions, as most beginners simply do not know what it takes to succeed in the markets and have probably been fed lies and rumors by other Forex websites that promise them the world but deliver little in the way of practical trading strategies and insight.

But, traders need to understand that in order to make consistent money in the markets they must first master a trading strategy like price action, build a trading plan around it, manage risk effectively and with discipline, and not stray from these primary tenants of successful trading, if you can do these things you will see your trading account will grow slow but consistently. If you don’t do these things you will be another member of the large pool of losing Forex traders who refuse to stop thinking about getting rich overnight.

Treat a small trading account as if it were 1 million dollars

If you had a 1 million dollar trading account and had one or two big winners per month, you would be making substantial money, and you would have an impressively consistent track record.

You need to think about your current trading account as if it is a 1 million dollar account, because the principles that lead to consistently successful trading are the same. You are only feeling the emotion and urgency to trade now because your account is small and you want to make a lot of money really fast. But, unfortunately the path to make money in the markets is not paved by risking a lot and trading too much, but rather by taking a slow and calculated approach to your trading and never becoming emotional.

If you had a 1 million trading account, you would have no problem waiting for a pin bar strategy or fakey setup that sticks out like sore thumb on the charts, because you know you only need a few good trades a month to make your money. Granted, it’s easier to not care about the money when you have 1 million dollars, but the point of this article is that in order to make money on your small trading account you need to THINK like you have a big trading account now, because this will deliver you from feeling the urgency and “need” to trade that you probably feel now which is causing you to over-trade, over-leverage, and lose money consistently.

The very reason why most traders lose money is because they simply cannot see the forest for the trees, meaning they get caught up in the temptation to trade every day and over-leverage their accounts because they forget about or are unaware of the bigger picture of trading, which is that slow and steady wins the race, not fast and haphazard. Many traders also get caught up in trying to analyze every piece of news data and all the forex indicators they can get their hands on. Adding such unnecessary variables to your trading analysis only works to keep you deeper in the realm of emotional trading and further away from understanding the bigger picture of what Forex trading success is all about.

A consistent track record can take you places

If your trading account is somewhere in the range of $2,000 or less, we are going to consider this a “very small” trading account and this means your focus absolutely has to be on building a consistent track record and building your confidence as a trader. Then, as you grow and progress as a trader and your track record becomes consistently profitable each month, you can proceed to trade larger sums of money. If you do not have access to more money you can look to an investor, friend, bank or prop firm for trading funds, I even fund some of my successful students from time to time if they have proven themselves to me.

So, if you have a small trading account right now, your primary goals to trade it successfully are to do the following things:

• Forget about the money and instead become “engrossed” in mastering an effective yet simple trading strategy like price action. The more focus you put into the process of trading instead of making money and getting rich, the sooner the money that you desire will find its way into your trading account

.

• Build a trading plan off of the price action trading strategies you have mastered. A forex trading plan is essential for succeeding long-term in the markets because it gives you an objective daily guide to follow and will lay out all your entry, exit, and money management strategies, so that you are not just trading on a whim every time you open up your charts.

• Once you build your trading plan you are going to need to track your progress in a forex trading journal so that you can stay disciplined and accountable. If you don’t maintain a trading journal you are probably going to lose your discipline and focus because you will not have a tangible piece of evidence that reflects all your trades.

If you are looking for a backer to fund your trading, they are going to want to see hard evidence that you can trade consistently. This evidence will need to at least contain a legitimate track record that reflects your account history and a comprehensive yet concise Forex trading plan that matches the trades you’ve executed in your trading account history. They are not going to care that much about how much money you have in your account, if you are trading a real-money account and you can provide documents that show your discipline and consistency over a period of 3 months or more, you will not have trouble finding investors or institutions to fund you. So, if nothing else, let this be the motivating force that you need to stop trading haphazardly and get disciplined.

Managing your money on a small trading account

Finally, a few words on managing your money in a small account: it’s no different from how you would manage your money on a larger account, except that you will obviously be trading smaller position sizes per trade. Whatever you do, do not get greedy and trade too large or over-leverage on a smaller account, this is a common emotional trading mistake and it will kill your trading account faster than you think and greatly inhibit your chances of becoming a successful trader.

If you will just slow down and focus on trading like a sniper and not a machine gunner by learning to trade only the most obvious and confluent price action setups, you will be able to trade much more relaxed and care-free, this will help you greatly in your money management. I will not go into my personal Forex money management theory to deeply right now, because I have written about it in other articles, one of which I suggest you read when you finish this one: Don’t measure your profits in percentages or pips. But, basically, you should never risk more money per trade than you are TRULY OK with losing, because you COULD lose on ANY trade, let the be your guiding principle before you enter any trade, because if you really accept this statement you will not ever risk more than you are comfortable with losing.

What to do now

If you are serious about trading your small account successfully and having a chance to take your trading to the next level, you will need to use the insight I have provided in this trading lesson and really try to make a shift in the way you think about trading. I cannot force you to manage your money correctly, master price action trading, or remain disciplined over a long period of time, but if you are truly serious about having a career in trading, you will have to dig deep within yourself and muster up the motivation to do these things and forge the proper trading habits. You can succeed at anything if you want it enough, and Forex trading is no different, so right now you should ask yourself “How much do I want to be a successful Forex trader” and then go back and re-read this article and begin implementing the points discussed here immediately.

whatever you want to know about the egyptian pyramids

There are no added acclaimed age-old sites aural Egypt, or for that amount abroad in the world, than the Abundant Pyramids at Giza. They are, afterwards question, the figure best associated with the Egypt. They accept been both the capital destination for tourists, and a antecedent of artistic anticipation to the apple for over three thousand years.

However, there are absolutely over 100 pyramids in Egypt, abounding of which are almost alien to anyone who is not an age-old Egypt enthusiast. All but a actual few are aggregate about and abreast the City of Cairo, aloof south of the Nile Delta. Otherwise, alone one aristocratic pyramid is accepted in southern Egypt (at Abydos), that actuality the one congenital by Ahmose, architect of the 18th Dynasty and Egypt's New Kingdom.It may accept additionally been the aftermost aristocratic pyramid congenital in Egypt.

Hence, above pyramids were not congenital throughout Egypt's age-old history. The Pyramid Age began with a access of building, starting with the 3rd Dynasty administration of Djoser. Some of the aboriginal kings, best accurately Snefru, congenital added than one pyramid. Almost all of the kings added to their cardinal through the end of the Middle Kingdom, with the accessible barring of the Aboriginal Intermediate Period amid the Old and Middle Kingdoms. Afterwards the aboriginal Pharaoh of Egypt's New Kingdom, Ahmose, aristocratic pyramid architecture by Egyptians accomplished entirely. Somewhat abruptly the kings of the New Kingdom chose, rather than authoritative their tombs absolutely obvious, to adumbrate them in the hills of the West Bank of Thebes (modern Luxor).

However, abate pyramids were constructed, for archetype in the Deir el-Medina necropolis, by clandestine individuals. The Late Period Nubians who disqualified Egypt additionally congenital almost baby pyramids with abundant steeper sides, admitting these were in actuality complete in Nubia itself. This attitude was agitated on in Nubia afterwards these southern rulers absent ascendancy of Egypt, and eventually, added pyramids were absolutely congenital in Nubia than Egypt, admitting on a abundant abate scale

US retail sales, inflation and Fed minutes in focus in quiet data week

In a relatively light calendar week, US economic indicators will be at the forefront, along with data out of China, the Eurozone and the United Kingdom. Inflation and retail sales numbers will be the highlights coming out of the United States, while industrial output and trade data will be the focus in non-US markets. The Federal Reserve will also be making headlines as it publishes its September meeting minutes and more Fed officials make public appearances.

China releases trade data

China’s economy continues to defy projections of a slowdown in 2017 with the World Bank this week lifting its forecasts for GDP growth for the year from 6.5% to 6.7%. Rising global demand for Chinese exports has been one of the reasons why growth has been outperforming. After a dismal 2016, export growth has averaged 7.7% year-on-year so far this year. This trend looks set to continue in September with exports forecast to rise by an annual rate of 8.8% when the monthly trade figures are published on Friday. Imports are expected to grow by 13.5%. Also due out of China next week is the Caixin services PMI on Monday.

Eurozone industrial utput to be eyed

It’s going to be a fairly quiet week for Eurozone data with the only notable releases consisting of the Eurozone sentix index (Monday), and industrial output numbers (Thursday). Euro area industrial production is forecast to rise by 0.5% month-on-month in August, with corresponding figures for Germany and France due on Monday and Tuesday respectively. A bigger market mover might be ECB President Mario Draghi’s attendance at a panel discussion at the Peterson Institute in Washington on Thursday. With the October 26 policy meeting approaching, investors will be eager to get a better insight as to what decision to expect from the European Central Bank with regards to asset purchases and forward guidance.

UK data will struggle to eclipse Brexit and political concerns

Week Ahead – US retail sales, inflation and Fed minutes in focus in quiet data week

Posted on October 6, 2017 at 2:36 pm GMT

Raffi Boyadjian, XM Investment Research Desk

In a relatively light calendar week, US economic indicators will be at the forefront, alng with data out of China, the Eurozone and the United Kingdom. Inflation and retail sales numbers will be the highlights coming out of the United States, while industrial output and trade data will be the focus in non-US markets. The Federal Reserve will also be making headlines as it publishes its September meeting minutes and more Fed officials make public appearances.

China releases trade data

China’s economy continues to defy projections of a slowdown in 2017 with the World Bank this week lifting its forecasts for GDP growth for the year from 6.5% to 6.7%. Rising global demand for Chinese exports has been one of the reasons why growth has been outperforming. After a dismal 2016, export growth has averaged 7.7% year-on-year so far this year. This trend looks set to continue in September with exports forecast to rise by an annual rate of 8.8% when the monthly trade figures are published on Friday. Imports are expected to grow by 13.5%. Also due out of China next week is the Caixin services PMI on Monday.

Eurozone industrial output to be eyed

It’s going to be a fairly quiet week for Eurozone data with the only notable releases consisting of the Eurozone sentix index (Monday), and industrial output numbers (Thursday). Euro area industrial production is forecast to rise by 0.5% month-on-month in August, with corresponding figures for Germany and France due on Monday and Tuesday respectively. A bigger market mover might be ECB President Mario Draghi’s attendance at a panel discussion at the Peterson Institute in Washington on Thursday. With the October 26 policy meeting approaching, investors will be eager to get a better insight as to what decision to expect from the European Central Bank with regards to asset purchases and forward guidance.

UK data will struggle to eclipse Brexit and political concerns

The pound looks set to have its worst weekly performance in a year this week. It’s on track for losses of around 2.5% as worries that Theresa May’s days as prime minister are numbered add to the uncertain outlook for the UK amid lack of progress in the Brexit negotiations. A possible vote of no confidence by Conservative MPs forcing May to stand down cannot be ruled out in the coming days or weeks.

Data out next week however, may provide some support for the battered pound. Trade, industrial output and manufacturing figures for August are all published on Tuesday. Industrial production is forecast to rise by 0.2% m/m in August, down from 0.2% in July, though the annual rate is expected to accelerate from 0.4% to 0.8%. The manufacturing sub-sector is also forecast for positive growth, expected at 0.3% m/m and 1.9% y/y. UK manufacturers have lagged behind their Eurozone counterparts this year even though the global economic recovery has picked up a gear and sterling remains weak, highlighting the challenge Britain faces in rebalancing its economy.

Hurricanes likely to distort retail sales figures

US data should add some excitement for traders in the coming week as key inflation and retail sales numbers are released. However, the week will likely start on a quiet note as US markets will be partially closed for Columbus Day on Monday. The first major data announcement is due on Wednesday, comprising of the JOLTS job openings for August, and the Fed minutes of the September policy meeting are also published on the same day. With the odds of a December rate hike now having risen to above 90% (according to fed fund futures) following a series of robust indicators and hawkish language by Fed policymakers, the FOMC minutes are unlikely to see much of a reaction in forex markets. However, analysts will still want to scrutinize the minutes for any signs of division over the inflation outlook given that some committee members have been more concerned than others about the absence of inflationary pressures.