According to our analysis there was a potential of 5164 pips / ticks profit out of the following 8 events in August 2023. The potential performance in 2022 was 9,269 pips / ticks.

August 2023

Cumulative potential, indicative performance August 2023, please see all releases below.

Total trading time would have been around 10 minutes! (preparation time not included)

In August 2023, a series of significant trading releases presented potentially profitable opportunities for traders across various markets. Here's a summary of these events:

  1. DOE Petroleum Status Report (August 2, 2023 - 40 ticks): This energy market report offered profit potential for traders focused on petroleum commodities.

  2. US Jobless Claims and US Consumer Price Index (CPI) (August 10, 2023 - 39 pips): Simultaneous releases of jobless claims and CPI data provided opportunities for traders to capitalize on US labor market and inflation trends.

  3. University Michigan Consumer Sentiment / Inflation Expectations (August 11, 2023 - 43 pips): These consumer sentiment and inflation releases influenced market sentiment and trading decisions, potentially yielding profits for informed traders.

  4. USDA WASDE (World Agricultural Supply and Demand Estimates) (August 11, 2023 - 92 ticks): Agricultural market traders found lucrative opportunities based on the USDA's WASDE report, impacting agricultural commodities.

  5. DOE Petroleum Status Report (August 23, 2023 - 60 ticks): Another essential report for energy traders, resulting in profit potential in energy markets.

  6. Turkey Interest Rate Decision (August 24, 2023 - 4839 pips): The significant movement following Turkey's interest rate decision highlighted opportunities for traders focused on emerging market currencies and monetary policy.

  7. US Gross Domestic Product (GDP) (August 30, 2023 - 23 pips): The release of US GDP data influenced currency and equity markets, offering profit potential for traders with accurate predictions.

  8. DOE Natural Gas Storage Report (August 31, 2023 - 28 ticks): Natural gas traders found opportunities in the DOE's storage report, impacting natural gas markets.

These trading events demonstrated the importance of monitoring economic calendars, conducting thorough analysis, and implementing effective risk management strategies. While these opportunities carried profit potential, traders should always be mindful of market risks and exercise prudent trading practices.

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