How to Trade Shooting Star Candlestick Patterns
Trading with Shooting Star Candlesticks: Main Talking Points Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. This article will cover the shooting star reversal pattern in depth and how to...
Australian Dollar Tumbles on Wage Growth Miss, China Data Point to More Slowdown
After some initial hesitation, Asian markets picked up some momentum and strengthen broadly, recovering some of this week’s losses. Though, strength is so far limited with lots of uncertainty ahead. It’s a fact that US-China trade war is dragging on...
EUR/USD And USD/CHF Remains At Risk Of More Losses
EUR/USD failed to stay above the 1.1260 level and recently declined below 1.1220. USD/CHF declined heavily towards 1.0050 and it is currently correcting towards key resistances. Important Takeaways for EUR/USD and USD/CHF The Euro topped near the 1.1263 level and...
DoubleLine CEO Jeffrey Gundlach warns of recession driven by ‘cocktail of economic risk’
Jeffrey Gundlach Jin Lee | Bloomberg | Getty Images DoubleLine CEO Jeffrey Gundlach warned investors Tuesday that the U.S. is unequipped for recession as it becomes increasingly strapped by debt. “Any thoughtful person would be concerned,” the so-called “bond king”...
WhatsApp pours fuel on Metro Bank’s PR fire
On Thursday lunchtime I decided to take a break from my editorial deliberations and have a stroll down to St Paul’s Cathedral to clear my head. As I was waiting to cross the road at the traffic lights a group...
NBC’s 2020 streaming service won’t be very compelling for cord-cutters — and that’s by design
Stephen ‘Steve’ Burke, president and chief executive officer of NBCUniversal. David Paul Morris | Bloomberg | Getty Images The streaming wars — the race to launch subscription video products — has been driven by an underlying concept: the traditional pay-TV...
Stock Market Liquidity and the Benefits for Traders
Stock market liquidity is an important concept for traders to understand. Knowing the stocks that are easiest to convert to cash without the price being affected means you will be in a stronger position to buy and sell. In this...
Chinese Industrial Output to Slow in April; Could Spark Growth Concerns as Trade Deal Looks Distant
China will publish the latest stats on industrial output, fixed-asset investment and retail sales on Wednesday at 2:00 GMT. The data will be watched to assess whether the rebound observed in March carried through to April amid worries the economy...
EUR/USD Coiled for a Breakout, Near-Term Bias Bearish Below 1.1260
Risk appetite is stabilizing today, with most major currencies consolidating in tight ranges against one another (though the pound is showing a touch of relative weakness as my colleague Fawad Razaqzada noted earlier). Today’s relative calm gives us chance to...
Market Sentiments Stabilized, UK Job Data and German Confidence Ignored
Markets sentiments generally stabilized today as it seems that US and China are still will to continue trade negotiations. Nevertheless, otherwise some pleasing words, there is nothing concrete, not even a scheduled meeting. Further decline in German 10-year yield, deeper...
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