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August 13th - U.S. stocks closed Wednesday with the Dow Jones Industrial Average down 0.04%, the S&P 500 up 0.26%, and the Nasdaq Composite up 0.54%. SpaceX (SPCX.O) rose 9.6%. Nvidia (NVDA.O) rose 3%, SK Hynix (SKHY.O) rose 9%, Micron Technology (MU.O) rose 4.9%, Meta (META.O) fell 3%, and Microsoft (MSFT.O) fell 2%. The Nasdaq China Golden Dragon Index closed down 2.4%, Alibaba (BABA.N) fell 2%, and NetEase (NTES.O) fell 2.9%.On August 13, World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus stated on August 12 that the recent adjustments to the United States childhood vaccination program deviated from scientific evidence. He warned that delaying or splitting vaccinations could expose children to the risk of infectious diseases for longer periods. This followed US President Trumps executive order to reduce the number of childhood vaccinations. The WHO expressed concern over this move.On August 13th, the Iranian Persian Gulf Straits Authority stated on the 12th that repeated claims by US officials that the Strait of Hormuz has reopened do not change the fact that the Strait of Hormuz remains closed and will not reopen unless the US accepts the conditions proposed by Iran.According to Iranian media Fars News, the Houthi rebels in Yemen launched a drone attack on Saudi mercenary positions in the port of Mocha.U.S. Defense Secretary Hergsays: Colombia will join the U.S. anti-drug cartel alliance and authorize joint military operations with the United States.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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  • 5 Ways to Control Risk When Trading Forex

    Proper risk management is a must if you want to be a successful trader. Continue reading to learn about the risk control techniques that every forex trader should be familiar with.

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  • How to Trade Forex During the Asian Trading Hours?

    The Asian session is notorious for being the slowest and most difficult session for forex traders. This article will teach you how to trade forex during Asian trading hours.

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    Moving averages are indicators used in technical analysis. In this essay, I'll show you how to improve on the basic moving average crossover strategy.

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    The Moving Average Convergence/Divergence (MACD) indicator is a technical indicator that measures the market's momentum and direction by comparing the difference between two exponential moving averages. When the MACD line and the signal line intersect, the MACD crossover occurs, frequently signalling a change in the market's momentum/trend. The MACD is regarded as a very accurate indicator, particularly in trending markets.

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    The ascending triangle, sometimes known as the 'rising triangle,' is a popular mid-trend continuation pattern. Traders predict that the market will continue in the direction of the wider trend and therefore build trading setups.

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