Global Markets: Asian stock markets: Nikkei down 0.21%, Shanghai Composite up 0.16 %, Hang Seng gained 0.16 %, ASX down 0.23% Commodities: Gold at $1330.90 (-0.17%), Silver at $17.00 (-0.21%), WTI Oil at $63.41 (+0.16 %), Brent Oil at $68.78 (+0.25 %) Rates: US 10-year yield at 2.650, UK 10-year yield at 1.342, German 10-year … Continue reading Monday 22nd January: European Open Briefing
Updated June 2020 While it’s true all trading strategies shoulder losing setups, some losses can be avoided. Experienced traders are conscious of what’s ahead on the economic calendar. Newer traders, though, often expose positions to unnecessary risk around news time. Price Action – News Economic news releases can drastically affect price movement. Depending if market … Continue reading The Importance of the Economic Calendar
‘It pays to know where you are in the bigger picture’. We’re not entirely sure where this statement originated from, but it is certainly one that should be memorized. What is a multi-timeframe approach? It’s no secret that adopting a multi-timeframe approach can enhance your trading. The problem, however, is that some traders find it … Continue reading Using a Multi-Timeframe Approach
EUR/USD: Weekly gain/loss: +0.30% Weekly closing price: 1.2214 Although the shared currency printed a fifth consecutive weekly gain last week, weekly price failed to muster enough strength to overcome a weekly broken Quasimodo line at 1.2287 that merges with two weekly trendline resistances (1.1641/1.6038). This formed a strong-looking weekly selling wick, potentially motivating candlestick … Continue reading Monday 22nd January: Weekly technical outlook and review
Global Markets: Asian stock markets: Nikkei up 0.22%, Shanghai Composite up 0.19 %, Hang Seng lost 0.07 %, ASX down 0.15% Commodities: Gold at $1332.30 (+0.38 %), Silver at $17.05 (+0.57 %), WTI Oil at $63.14 (-1.27 %), Brent Oil at $68.64 (-0.97 %) Rates: US 10-year yield at 2.631, UK 10-year yield at 1.331, … Continue reading Friday 19th January: European Open Briefing
