Data reports traders need to watch when trading gold
By staying informed about these key economic and geopolitical factors, traders can make more informed decisions and potentially take advantage of market movements in the price of gold When...
Markets await the Bank of Japan Monetary Policy Statement
equities were mixed over the course of yesterday’s trading. The Dow Jones Industrial Average lost to close at The S&P 500 dropped to close at...
What is the “Rising Wedge” Price Pattern?
The Rising Wedge pattern, and how to use it The rising wedge pattern is a bearish chart pattern that is formed by a diagonal line with a slope that...
UK inflation falls again but core rate unchanged
OVERNIGHT Asian equities are mixed this morning as the Japanese market is up sharply, but others are seeing more modest rises or small falls. The move in Japan followed...
What is the “Inverted Head And Shoulders” Price Pattern?
The Inverted Head And Shoulders pattern, and how to use it The inverted head and shoulders pattern is a bullish chart pattern that is formed by a trough, followed...
DAX rallies, ECB to hike less than expected!
DJ drops as bank earnings and China GDP softens the bids Nasdaq supported by the T-Bond market Dax rallies as the ECB is turning less hawkish The bad GDP...
Technical Analysis – Gold bulls look a bit exhausted above 20-period SMA
Gold stretched its positive move above the 20-period simple moving average (SMA) in the 4-hour chart but is currently moving slightly lower. The MACD seems to be gaining momentum below its red...
Technical Analysis – USDJPY tumbles after bullish spike; bearish bias stays
USDJPY is losing more ground after the negative reading of the US retail sales today and also after the spike towards the 20-day simple moving average (SMA) at ...
Technical Analysis – GBPJPY displays double bottom pattern
GBPJPY skyrocketed to , gaining almost following a surprising dovish policy announcement by the Bank of Japan during Wednesday’s Asian trading hours. The quick bounce strengthened the bullish...
Technical Analysis – US 100 cash index trades sideways following strong start to new trading year
The US 100 cash index is trading sideways following a climb of 900 points since December 28. This upward move appears to enjoy the universal support of the momentum...