China bourses rallied after China announced support for equities markets; Beijing lowered stamp duty on stock traders for the first time the 2008 financial crisis and at the same time pledged to slow the pace of initial public offerings in an effort to boost investor confidence. Fed Chair Powell signalled caution on additional rate hikes.
How I use rectangle pattern trading This post is to show how I use technical analysis tools for rectangle pattern trading. Rectangle pattern breakout indicator is part of this tools. A lot of rectangle trading pattern can be marked with this tools. I also like to mark out rectangle pattern forex on chart. Some of rectangle pattern in trading can
UPCOMING EVENTS: Monday: UK Bank Holiday, Australian Retail Sales. Tuesday: Japan Unemployment Rate, US Consumer Confidence, US Job Openings. Wednesday: Australia CPI, US ADP. Thursday: Japan Retail Sales, Chinese PMIs, ECB Minutes, Eurozone CPI, Eurozone Unemployment Rate, US Jobless Claims, US Core PCE. Friday: Swiss CPI, US NFP, US ISM Manufacturing PMI. Tuesday The US
Monday: The PBoC cut the 1-year LPR rate by less than expected and held the 5-year rate steady: LPR 1-year 3.45% vs. 3.40% expected and 3.55% prior. LPR 5-year 4.20% vs. 4.05% expected and 4.20% prior. PBoC The German July PPI missed expectations: PPI M/M -1.1% vs. -0.2% expected and -0.3% prior. PPI Y/Y -6.0%
US equity markets pulled back strongly yesterday with US30 having its worst day since March, US100 its second worst in August and US500 swinging down $105 from the daily high to the daily low and drawing a big bearish engulfing pattern. The mighty NVDA started trading up 6.50% and ended the day +0.10%; JPN225 leads
> A review of the market prices after the Fed Powell speech Fed Powell speech sends USD lower initially, but moving back higher in up and down trading EURUSD 1.0812 USDJPY 1.4608 GBPUSD 1.2611 USDCHF 0.8851 USDCAD 1.3600 AUDUSD 0.6417 NZDUSD 0.5918 US interest rates: 2 year yield 5.058% 10 year yield 4.235% 30 year
Why is the market turning against me? What have i done wrong? is trading just not for me? A lot of you have asked this question before, and wondered if you are cut out to be a trader, or if you should even continue your career in trading. Now, to be honest, trading is not
Exploring the intricate workings of the Crude Oil market requires a mix of sharp insight and clear communication. Today, we’re taking a pragmatic approach to Crude Oil (USoil), offering a snapshot of the current state in this ever-shifting landscape. Amid signals from China’s demand pulse and the distant murmurings of potential US interest rate hikes,
Let’s start with NVIDIA that after the close reported results of a stellar Q2 and topped analyst estimates both on Revenues ($13.51 billion vs $11.22 billion expected) and EPS ($2.70 vs $2.09). The company raised its forecast again and expects its Q3 revenues to climb to $16 billion, an increase of 170% y/y. Gains are
On a day when Monday’s optimism had already faded in US markets, weighed down by both a new downgrade of the banking sector’s credit rating – this time by S&P – and the pullback of NVDA, one of the most interesting movements was the USD. Without any real news flow and without any abrupt movements
