Global Markets: Asian Stock Markets : Shanghai Composite down 0.71%, Hang Seng down 0.22%, ASX down 0.47% Commodities : Gold at $1244.50 (+0.27%), Silver at $15.87 (+0.35%), Brent Oil at $74.88 (-0.60%), WTI Oil at $69.44 (-0.73%) Rates : US 10-year yield at 2.829, UK 10-year yield at 1.273, Germany 10-year yield at 0.280 News … Continue reading Monday 16th July: Asian markets slump on weak Chinese data
EUR/USD: Weekly Gain/Loss: -0.52% Weekly Closing price: 1.1684 Weekly perspective: As expected, sellers were drawn into the market last week from within the walls of a resistance area coming in at 1.1717-1.1862, consequently breaking a three-week bullish phase and pulling the unit down to just ahead of nearby trend line support (etched from the low … Continue reading Monday 16th July: Weekly technical outlook and review
In the right hands, moving averages (MAs) are an exceedingly influential approach. Statisticians categorise moving averages as part of a family of tools for time series analysis. Technical analysts employ moving averages to smooth data over time, allowing a clearer interpretation of the underlying trend. Moving averages are particularly potent in markets that have a … Continue reading Moving averages explained
Common among newer traders, the temptation to incorporate as many trading indicators as possible is appealing. The rationale behind this approach is simple: if most of the technical studies reach a similar conclusion, buy or sell in the direction of consensus. While this may appear a reasonable technique, it encourages a phase known as analysis … Continue reading Combatting the Dreaded Analysis Paralysis
