How artificial intelligence can make FX brokers cleverer
Most investors will know the disposition effect well, even if many are powerless to fight it. It describes the tendency for holders of falling assets to hang on to them, while also encouraging the lucky owners of rising assets to...
EU implements new Iran trade mechanism
France, Germany and Britain have officially put in place a European system to help facilitate trade with Iran. The move will allow the European Union to circumvent U.S. sanctions in an effort to continue humanitarian trade with Iran and work...
Trump considering former presidential candidate Herman Cain for the Fed
Former presidential candidate and Godfather’s Pizza CEO Herman Cain is under consideration for a Federal Reserve governorship, CNBC has confirmed. Cain, 73, is a former chairman of the Kansas City Fed, having served at the bank from 1989-96 before leaving...
BTCUSD Seems Neutral to Negative; Ichimoku Confirms Bearish View
BTCUSD holds slightly below the 20-and 40- simple moving averages (SMAs) in the 4-hour chart as well as below the Tenkan- and Kijun- sen lines, suggesting further negative pressures. The RSI indicator is flattening in the negative zone, while the...
Stock Gains Ease Up as Dollar Steadies Following Yesterday’s Dovish Fed
Global equities seesawed overnight as momentum from the dovish Fed meeting faded, another round earnings focused on global growth concerns, and expectations are low to see a significant progress with trade talks today. President Trump will meet with Vice Premier Liu He,...
Canada’s Economy Softens in November as Oil Sector Woes Worsen
Canadian economic activity contracted by 0.1% month-on-month in November. In all, 13 of 20 major industries expanded on the month, but this growth was overwhelmed by declines in wholesale trade, manufacturing, and construction. Services industries as a whole were flat...
Yen Rises as Risk Appetite Fades Following Weak US, Canada and Eurozone Data
Risk appetite fades today as sentiments are weighed down by a string of weak economic data from Eurozone and US. In short, German retail sales dropped the most in 11 years. Eurozone GDP growth was stuck at 4-year low in...
EUR/JPY Breaches Channel Pattern
The Eurozone single currency appreciated against the Japanese Yen on Wednesday. The exchange rate breached January swing high of 125.31 at the end of yesterday’s trading session. However, today’s session began with bearish sentiment, and by the middle of the...
Trading Lessons All Traders Should Know – Alessio Rastani | Podcast
Key Points Discussed in this interview Financial markets and the information overload The forward-looking nature of technical analysis Bitcoin Breakout and 2019 forecast Alessio’s number one lesson for trading In this podcast interview Senior Analyst, Tyler Yell talks with Alessio...
Dollar Tumbles Broadly after Dovish FOMC, More Downside Ahead
Dollar was sold off broadly overnight after Fed’s dovish FOMC statement. And it remains the weakest one for today. US equities also surged sharply and risk appetite was carried through to Asian session. Riding on this, commodity currencies are generally...