Blogs

<p>Equity index futures are rebounding this morning after Wall Street’s worst day in three months. News of rising coronavirus cases has again stoked fear in the markets and recent comments by the Fed have also shaken trader confidence. As businesses reopen in the US, a rising number of coronavirus cases has many investors concerned over [&hel

<p>Between March and April, the UK GDP fell by a quarter as entire sectors of the economy were shut down because of the lockdown. In March, the UK economy lost 6% YoY while in April the GDP additionally shrank by 20.4% compared to March.</p> <p>Both readings were worse than the unprecedentedly weak estimates from Reuters […

<p>Major US stock indices lost almost 5% on Thursday and the question arises whether this is the beginning of a bear market. The dynamics of key indicators of consumer activity and the US labor market move in positive direction, which justifies the stability of the stock market in the near future, but as will be […]

<h2>US Equities Concede Gains</h2> <p>Headlines and sentiment over the last month have been increasingly positive with and more optimism being attached to the tentative recovery underway in the US. However, if the recent stock market rally felt a little too good to be true, then price action over the last couple of days will have

<p><span>Asian stocks slumped on Friday after a rout on Wall Street. The U.S. equity market saw some sharp profit-taking sessions on Thursday as the resurgence of the second wave of infections indicates that the stock rally has gone too fast and too much. .U.S. futures rose after the biggest equity selloff on Wall Street since […

Trading plan based on the NeoWave theory by Glenn Neely. Wave analysis. Pattern identification. A way to enter a trade at the third wave and take the profit. Dear Friends! In the previous lessons, I covered the theoretical aspects of the NeoWave theory. Now, I want to show its practical application to real trading. I […]

Here we go again, Donald All those women who are more beautiful than me are witches! The market’s attention has been entirely riveted on the Fed during the second week of June, which Donald Trump doesn’t like. The President, who has been severely criticizing Jerome Powell for 2 years, has returned to his old ways […]

The pair XAU/USD remains likely to fall. Estimated pivot point is at a level of  1764.82. Main scenario: consider short positions from corrections below the level of  1764.82 with a target of 1634.13 – 1599.64. Alternative scenario: breakout and consolidation above the level of  1764.82 will allow the pair to continue rising to the levels […

USD/JPY remains likely to fall. Estimated pivot point is at a level of 108.19. Main scenario: consider short positions from corrections below the level of 108.19 with a target of 105.21 – 104.50. Alternative scenario: breakout and consolidation above the level of 108.19 will allow the pair to continue rising to the levels of 109.84 […]

The pair GBP/USD remains likely to grow. Estimated pivot point is at a level of  1.2485. Main scenario: consider long positions from corrections above the level of  1.2485 with a target of 1.2800 – 1.3150. Alternative scenario: breakout and consolidation below the level of  1.2485 will allow the pair to continue declining to the levels […]