+79,745 USD! Market Fluctuations Due to Trump’s Tariff Statements, Bitcoin Benefits
Trade Results for November 25–29, 2024:
- Total profit: +79,745 USD
- The Bitcoin buy position performed excellently, and the week ended with a significant profit. Although a stop-loss occurred on EUR/USD shorts, the overall result was positive.
Weekly Highlights:
- Bitcoin: Strong buying demand driven by Trump-related risks, performing well as a risk asset.
- USD/JPY: The expectation of a potential interest rate hike by the BOJ and a rise in CPI in Tokyo supported buying of the yen. A cautious neutral stance on the yen for now.
Review of Last Week (November 25 Week):
- USD/JPY:
- Movement: From the mid-154 yen range, it dropped to the low 149 yen level.
- Reasons: Trump’s tariff statements and the risk-off mood ahead of the Thanksgiving holiday.
- EUR/USD:
- Movement: EUR/USD fluctuated around 1.0500, briefly rising to 1.0588.
- Reasons: Position adjustments and dominance of USD-selling.
- GBP/JPY:
- Movement: GBP/JPY dropped from the mid-194 yen range to the high 190 yen range.
- Reasons: Poor retail sales and PMI in the UK, adding to economic uncertainty and pressuring GBP.
- CAD/JPY:
- Movement: CAD/JPY sharply fell from the high 110 yen range to the low 107 yen range.
- Reasons: Trump’s tariff remarks increased concerns about Canada’s economy.
- AUD/JPY:
- Movement: After falling due to Trump’s tariffs, there was a slight recovery.
- Reasons: Risk-off sentiment weighing on the AUD.
- ZAR/JPY:
- Movement: ZAR/JPY weakened to 8.27 yen.
- Reasons: Risk-off sentiment favored selling, though some buybacks occurred.
Outlook for This Week (December 2 Week):
- USD/JPY:
- Trend: Weakness followed by a recovery.
- Outlook: With the December FOMC meeting approaching, key US data like employment statistics and ISM indices will influence the market. Watch for volatility due to liquidity reduction.
- EUR/USD:
- Trend: Sideways to bearish risks.
- Outlook: ECB rate cut expectations and political uncertainty in the Eurozone continue to weigh on the Euro, with downside risks ahead.
- GBP/JPY:
- Trend: Weakening.
- Outlook: Continued weakness in UK economic data makes buying difficult.
- CAD/JPY:
- Trend: Weakness with some support.
- Outlook: Concerns over Trump’s tariffs remain, but employment statistics could provide support.
- AUD/JPY:
- Trend: Weakness.
- Outlook: Continued risk-off sentiment limits upside potential.
- ZAR/JPY:
- Trend: Uncertain direction.
- Outlook: Trump’s policies and risk sentiment will drive volatility.
Key Economic Events This Week:
- December 2 (Mon):
- US: ISM Manufacturing PMI (November)
- December 3 (Tue):
- US: JOLTS Job Openings (October)
- December 4 (Wed):
- US: ADP Employment Report (November)
- US: ISM Non-Manufacturing PMI (November)
- December 6 (Fri):
- US: Nonfarm Payrolls (November)
- Canada: Employment Data (November)
Key Takeaways:
- USD: Key indicators leading up to the December FOMC meeting will shape market direction. Watch for volatility due to liquidity reduction.
- EUR: ECB rate cut expectations and Eurozone political risks continue to weigh on the Euro.
- Risk Currencies: Trump’s risks and risk-off sentiment will put pressure on them.
Trade Strategy:
- USD/JPY: Watch for support at the 149 yen level and market reaction post-Thanksgiving.
- Bitcoin: Continue targeting higher levels due to strong buying demand in the risk asset market.
- EUR/USD: Maintain a short bias, taking advantage of ECB rate cut expectations.
Summary:
Trump’s tariff statements created turbulence in the market, but we managed to secure significant profits in Bitcoin. Next week, as FOMC-related data come in, expect heightened volatility, so a cautious approach will be needed.
Postscript: Boosting Trader Focus through Healthy Eating
This week’s trading was intense, and as always, maintaining focus and endurance is crucial. One key factor that can support your performance is your “diet.” Here are a few dietary tips to help prevent fatigue and stay strong during long trading hours.
Energy-Boosting Diet Tips:
- Choose unprocessed foods: Processed foods contain preservatives and additives, often lowering nutritional value. Opt for fresh fruits, vegetables, nuts, and whole grains to fuel your body properly.
- Eat smaller meals: Large meals can divert energy to digestion, lowering concentration. Try smaller meals at regular intervals to maintain consistent energy levels.
- Snack on fruits and nuts: Bananas and nuts are rich in vitamins and minerals, providing quick energy. Bananas, in particular, are a great source of natural carbs.
- Incorporate whole grains and complex carbs: Choose brown rice and whole wheat bread over white bread and pasta. These provide sustained energy throughout the day.
- Stay hydrated: Dehydration can significantly impair concentration and decision-making. Drink plenty of water, especially during trading.
Foods That Prevent Fatigue:
- Oatmeal: Ideal for breakfast, stabilizes blood sugar levels.
- Chia seeds or flaxseeds: Add them to salads or smoothies for sustained energy.
- Magnesium and zinc-rich foods: Almonds and seafood help with fatigue recovery.
Boosting Focus with Healthy Habits:
In addition to your diet, moderate exercise and proper sleep are essential for trading success. Avoid caffeine late at night for better quality sleep, and a light post-meal stretch or walk can aid digestion and keep energy levels steady.
To maximize your trading results, consider adjusting your diet for better focus and endurance. Let’s keep striving for health and performance balance next week as well!
