Check out the news happening in the past week

  1️⃣ The main news last weekend

 Spot gold last week recorded its biggest weekly drop since March 2020.

 Fed Brad is expected to raise rates in 2022.

 Biden said they would review the two sides' infrastructure plans on Monday.

 - Iran's hardline candidate, Lacey is elected president of Iran.

 - Goldman Sachs expects Burundi Oil prices to average $80 per barrel in the third quarter.

 Former Tesla CEO sells $270 million in stock.

 - Bitcoin mining farm in Sichuan simultaneously cut off power.

 2️⃣ Notable economic events and data today

 - The listed interest rate of the one-year loan market from China to June 21.

 - Fed President St.  Louis Brad and Fed President Dallas Kaplan will deliver speeches on the economic outlook;  In addition, Fed Williams will speak at the next day.

 - European Central Bank President Lagarde opened the hearing of the European Parliament's Committee on Economic and Monetary Affairs.

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THE 3 MOST COMMON EMOTIONS TRADERS EXPERIENCE

 Some of the most common emotions traders experience include fear, nervousness, conviction, excitement, greed, and overconfidence.

Fear/Nervousness

A common cause of fear is trading too big. Trading with improper size magnifies volatility unnecessarily and causes you to make mistakes you normally wouldn’t make if you weren’t under the stress of risking larger losses than normal.

Another culprit for fear (or nervousness) is you are in the ‘wrong’ trade, meaning one that doesn’t fit your trading plan.

Conviction/Excitement

Conviction and excitement are key emotions you’ll want to feed off, and you should feel these in every trade you enter. Conviction is the final piece of any good trade, and if you don’t have a level of excitement or conviction then there is a good chance you are not in the ‘right’ trade for you.

By ‘right’ we mean the correct trade according to your trading plan. Good trades can be losers just as bad trades can be winners. The idea is to keep yourself winning and losing on only good trades. Making sure you have a conviction on trade will help ensure this.

Greed/Overconfidence

If you find yourself only wanting to take trades that you deem as possible big winners, you could be getting greedy. Your greed may have been the result of doing well, but if you aren’t careful you may slip and end up in a drawdown.

Always check that you are using proper trade mechanics (i.e. sticking to stops, targets, good risk/management, good trade set-ups). Sloppy trading as a result of overconfidence can end a strong run.

Learn more about managing greed and fear while trading.

                              Most Profitable Investment in Malaysia

The upward trend is currently continuing its course and is now attacking the historical highs, we will see today if it is able to break them clearly, although it is a holiday in the USA so the day can be quite boring.  As for data, there is nothing relevant today. 

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Bursa Malaysia Stock Signal

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Fundamental and Technical Dax Analysis

 After breaking the downtrend line yesterday, although it had a failed first attempt, the trend has now changed to bullish, but today it has stopped at the first important resistance.  At the moment the short-term trend is upward but if it does not exceed this resistance zone there will be no more rises, so it will be necessary to see if it loads forces to rise again.  Regarding data, today there is the CPI in the EU, and the ADP of employment, and the PMI of services in the USA.

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Check out the news of the past 24 hours

 1️⃣ Debate around the US stimulus package heated up again

 On Sunday, 10 US Republican senators urged President Joe Biden to significantly reduce the $ 1.9 trillion bailout package to win bipartisan support as Democrats  National Assembly owners prepare to step up this stimulus plan.

 Biden has responded by inviting Republican lawmakers to the White House this week for discussion, even as he continues to seek a large stimulus package, spokesman Jen Psaki said.

 - The senators said the meeting was scheduled for Monday afternoon, at 17:00 US time.

 Previously, a top White House economic adviser signaled his readiness to discuss ideas that Republicans came up with, on a $ 600 billion alternative.

 However, Brian Deese, director of the National Economic Council, told NBC's "Meet the Press" program that President Biden was not ready to compromise.

 Mr. Biden and Democrats are looking to capitalize on their control of the House and Senate to quickly realize the President's primary goal of resolving the pandemic.

 Senate Majority Leader Chuck Schumer said Senators will begin working on the stimulus earlier this week, while House of Representatives Speaker Nancy Pelosi said Congress will finish preliminary steps before the weekend  .

 Mr. Biden has proposed $ 160 billion for vaccines and testing, $ 170 billion for schools and universities, and a direct payment fund to the people worth $ 1,400 per person, and lots of support.  other aid.

 2️⃣ The unemployment rate in the EU is stable

 - European Union statistics office Eurostat has said that unemployment in the Eurozone stabilized at 8.3% in December, despite the blockade continuing in the bloc's regions.

 However, Eurostat said 13,671 million people were unemployed in 19 euro-sharing countries in December, up from 13,616 million in November.

 - In Belgium, Ireland, Cyprus, Lithuania, the Netherlands, Portugal and Slovakia, the real number of unemployed decreased in December, but increased slightly in other countries, such as Germany, France and Italy.

 - To reduce the unemployment rate during the pandemic, eurozone countries have used affiliate systems in which the government subsidizes a portion of the salary to help employers keep employees on the payroll.  their.  This prevents layoffs and means production capacity can be more easily recovered.

 3️⃣ Notable economic facts / data today

 The OPEC + Joint Technical Committee (JTC) and the Joint Ministerial Oversight Committee (JMMC) will meet today and tomorrow.

 - Reserve Bank of Australia announced its decision on interest rates.  Most economists expect the Reserve Bank of Australia to extend a 100 billion Australian dollar quantitative easing program.

 Tomorrow morning, the FOMC 2021 Ticketing Committee and Atlanta Fed President Bostic will speak at a webinar on job markets hosted by the Federal Reserve and Fed Atlanta, Boston, Cleveland  and Philadelphia organizations.

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