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The Conference Board's leading economic index for Australia added 0.2 percent in May. That follows the downwardly revised 0.2 percent contraction in April (originally -0.1 percent). With May's increase, the six-month growth rate in the leading economic index improved to 2.1 percent (about a 4...
Leaders of the five BRICS nations agreed on the structure of a $50 billion development bank by granting China its headquarters and India its first rotating presidency. Brazil, Russia and South Africa were given posts or units in the new bank...
Bad result of euro fundamental force this pair to break median line of bullish flag on weekly chart. there is only 2 level of reversal, at double bottom or major fibonacci at 0.7292 In smaller timefame H4, we can see gartley perform with 0.7866 target,.. and double bottom at 0.7741...
To be the 007 of the Forex world we need to think more like the MI6 agent. It’s also no wonder that the traders who are making millions are as secretive as MR Bond himself...
The Foreign Exchange Market is commonly referred to as Forex. The United States has a number of different markets that can be traded in, such as the NASDAQ and Dow Jones. Regardless of the market, all transactions go through the New York Stock Exchange (NYSE...
AUDUSD Technical Strategy: Pending Long Clear candlestick reversal patterns absent on the daily chart Harami on the four hour timeframe awaiting confirmation AUD/USD is awaiting guidance near the 0.9320 mark with candlestick reversal signals lacking on the daily chart...
Most people incorrectly assume that trading is all about understanding the fundamentals of the market or knowing the balance sheet of a company. It doesn’t have as much to do with that as it does with understanding people...
On Wednesday the dollar was broadly higher against its counterparts, since comments by Federal Reserve Chairwoman Janet Yellen continued to support the greenback and investors observed the release of U.S. data later in the day...
In this article, we’re going to focus on what many traders consider to be the most attractive of the three conditions: Trends. Why Trends? Of the three possible market conditions, trends are often considered to be the most desirable for a few different reasons...
The GBP/USD pair fell during the bulk of the week, but did get a little bit of a bounce towards the end of the 1.71 level. That being the case, it appears that the market is still ready to continue going higher, and we believe that the 1...
NZD/USD Technical Strategy: Flat Support: 0.8733, 0.8669, 0.8618 Resistance:0.8779-93, 0.8835-42, 0.8886 The New Zealand Dollar broke downward against its US counterpart, dropping to the lowest level in a week. Sellers are aiming to test support at 0.8733, the 23...
Undoubtedly, the digital currency Bitcoin has been a great success in terms of financial investment. This type of currency without a real central bank currently holds the daily lives of many people willing to invest their money on the Internet...
EURUSD has turned sharply to at the start of July, a move that can be considered as an impulse. Pair also took out the trendline connected from the lows which is a bearish signature for this pair if we consider that this line turned into a resistance...
At this stage you will have covered the necessary undergraduate material for financial econometrics. The following two books specialise in time-series analysis, which is the main area of application for a quantitative trader who works on financial pricing data...
As Bloomberg reports, China’s stocks fell for the first time in four days as concern that new share sales will divert funds from existing equities overshadowed data showing economic growth topped estimates and June home sales surged...
The group of emerging economies have signed a contract to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar...
The NZD/USD pair broke above the 0.88 level during the previous week, suggesting that a break out was in the process of happening. If we can break above the top of the range for the week, we believe that this market will continue to head towards the 0.90 level...
The forex market has seen some movement. Any decent change in currency prices provides investors opportunity; something that has been in short supply over the past month...
Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis As the major stock markets turned down in late 2007 and then started to rally in March 2009, many people who believed in fundamental analysis have begun to question its validity...
