One of the first references to a Three Drives pattern was outlined in Robert Prechter's book, "Elliot Wave Principle." He described the general nature of price action that possessed either a three-wave or a five-wave structure...
Fibonacci Retracements can help traders find significant price points and predict levels of support and resistance. It is based on the Fibonacci sequence of numbers, identified by Leonardo Fibonacci in the thirteenth century...
NEW YORK (MarketWatch) — The U.S. currency gained ground on the yen and the euro Tuesday, cementing the strongest quarterly rise for the ICE dollar index since a haven-inspired surge into the greenback during the height of the financial crisis. The index DXY, +0...
EURJPY is making several pull backs in this down trend and we are seeing the process of one more. Still a rather bearish pair, but the question remains how long...
Click here for the latest update of the pairs that I will be looking at for my trading. Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Visit FxTaTrader.com for more info and Disclaimer...
The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach by Markus Heitkoetter Do you want to be a day trader...
SAN FRANCISCO - Microsoft on Tuesday lifted the veil on the next version of Windows: Windows 10. At an event in San Francisco focused on corporate users, Microsoft previewed early elements of the next generation of its iconic computer operating system...
One of the reasons so many forex traders come to the Forex market is because of the potential to make fast money...
Johnson & Johnson agreed to acquire privately held Alios BioPharma Inc. for $1.75 billion, in a deal that gives the health-products giant a biopharmaceutical drug developer focused on treatments for viral diseases...
NEW YORK (MarketWatch) -- The U.S. dollar jumped versus the Russian ruble Tuesday after a news report said Russia's central bank is weighing whether to impose capital controls to halt money flowing out of the country. The dollar fetched 39.667 rubles in recent action, up 0.5...
If you’re a student at university today and you want to get into banking, it’s time to apply. Most banks opened their analyst application processes weeks ago. Some are closing them again in the weeks to come...
1. Weak background in H1 and H4 2. With no demand bars around (dots below bars), and in the upper part of the trend channel or above the trend channel, go short in an up bar with low volume. 3. Exit after a strong bar appears. +47 pips Analytical Trader...
International banks are not viewing the Middle East with a huge amount of optimism. While revenues within investment banking have picked up in recent months, the story is still one of caution when it comes to naming new people on the ground in the Gulf...
At the beginning of 2014, the 10-year U.S. Treasury was yielding 3% and few forecasters projected that the widely-held benchmark would be hovering around 2.5% in late September. What is this unexpected rally telling us...
Trading the News - David Song in FXCM Expo Major economic events and fundamental developments are monitored by currency traders as it reflects the strength of a country's economy...
On Tuesday bitcoin prices traded near the lowest level in more than five months, as concerns about possible regulation of the virtual currency continued to disturb...
According to official figures that measure GDP in a new way, the United Kingdom's economy was bigger and grew faster than previously considered over the second quarter, The Guardian reports. The economy also recovered sooner from the recession, than it was previously thought...
The GBPUSD, after closing the Gup in area 1.624 / 1.628 made before the vote on the Scotland indipendece, is approaching the support in the 1.61 area . It is likely the test support with rupture to reach the medium-term target at 1.60...
Basic Terms Trend: 2 successively higher tops and bottoms (uptrend) / 2 successively lower tops and bottoms (downtrend) Other names for a positive trend: run up/bull run/rally Other names for a negative trend: run down/bear run/decline Trading range: the market moves up and down within a consiste...
“Emerging markets are vulnerable to profit-taking caused by the prospect of an increase in U.S. rates and unfavorable data coming out of China,” Allan Yu, first vice president at Metropolitan Bank & Trust Co., which manages $7.27 billion, said to Bloomberg by phone in Manila. “As U.S...
