Blogs

United States Wholesale Inventories came in at -0.7% below forecasts (-0.5%) in February

<p>The US 30 index has recovered a good chunk of its losses in the past couple of weeks and is now posting higher highs and higher lows on the four-hour chart above a short-term uptrend line drawn from the March 23 bottom. The immediate-term outlook therefore seems to have turned positive, and for that to […]

<p>EURAUD is extending its negative rally below the 50.0% Fibonacci retracement level of the up leg from 1.5340 to 1.9800 at 1.8740 and beneath the 40-day simple moving average (SMA) currently at 1.7543. The selling interest started from the eleven-year peak of 1.9800, however, the long-term picture remains bullish. Turning to the near-term,

<p>How many times have you heard the saying “Don’t Fight the Fed”?  Over the course of the last month, the Fed has taken very aggressive actions to help fight off the economic effects of the coronavirus.  Some of which include: Cutting rates by 100bps in March to near 0% Launching Quantitative Easing (QE4) worth $700 […]

<p>Key insights from the week that was. This week has been a quiet one for data. And in its absence, market participants have instead focused on the potential flattening of the COVID-19 infection curve in both Europe and the US. Asset prices have rallied as a result. Despite the positive sentiment shown by markets, policy […]

<p>Jobless claims remained at a very high level for the week ended on April 4th, reaching 6.61 million. This was down slightly from the previous week, which was revised up to 6.87 million (previous: +6.65) However, it was well above what the markets had expected at 5.25 million. Continued claims data are reflecting the increases […]

<p>1.01 million fewer Canadians were working in March, an unprecedented decrease, and enough to drop the employment rate (share of those 15+ who are employed) to 58.5%, the lowest reading since 1997. Put differently, roughly 1 in 20 Canadians who had been working in February weren’t in March. The unemployment rate was 7.8%, a 2.2 [&hell

<p><strong>Wall Street has turned higher</strong>, having recovered from modest early losses, as the Fed outlined $2.3 tln in new facilities to backstop the economy. The new measures add to the already impressive array of monetary and fiscal policy measures already enacted to support the economy.</p> <div></div>

<p>Harmonic Pattern Indicator List for MetaTrader 5 </p> <p>Harmonic Pattern Indicator provide a mean of detecting the turning point in the market. It is one way to solve the puzzle of market geometry, which is often not solvable with technical indicators. If the harmonic pattern detection can be done automatically, I think that i

<p>Setup 1Hour Chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller)&nbsp; </p> <p> Our Story: </p> <p> </p> <p>We have hit 50-61Fib several times (ranging) and smart money is accumulating everytime we go down- that is