Discover the most effective way to trade Head & Shoulders pattern using volume and divergences. In this video you’ll discover: • What is the Head & Shoulders pattern and how to read price action to find the optimal signals • How to spot and how to read price action to find Head & Shoulders •
Range at the start of the day was only 27 pips The USDCAD started the North American session with only a 27 Pippa trading range. That range is being extended to the upside and is up to 37 pips. That is still off the average of around 76 pips. There is room to roam. Looking at the
German DAX up marginally. Francis CAC and UK FTSE 100 down marginally. The European shares are ending the day with mixed results. The provisional closes are showing: German DAX, +0.2% France’s CAC, -0.2% UK FTSE 100, -0.2% Spain’s Ibex, +0.2% Italy’s FTSE MIB, +0.15% In the European debt market, the benchmark 10 year yields are all trading to the downside. Italy
Conference board consumer confidence for May 2021 conference Board consumer confidence for May 8, 2021 came in at 117.2 versus 119.0 estimate. That is down from 121.7 last month. Present situation 144.3 versus a revised 131.9 last month. It was previously reported at 139.6 expectations 99.1 versus 107.9 last month (previously reported 109.8). Lynn Franco,
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NEW DELHI: Gold dipped Rs 102 to Rs 48,025 per 10 gram in the national capital on Tuesday amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,127 per 10 gram. Silver also declined Rs 269 to Rs 70,810 per kilogram from Rs 71,079 per kilogram
Domestic gold and silver prices registered mild losses on Tuesday amid steadily declining Covid-19 infections in the country, though an easing dollar ahead of key US data limited the downside. MCX gold futures for June 4 delivery struggled below the flatline for most of the morning session and were last seen quoting down by Rs
The forex markets are staying in mixed consolidative mode in Asian session. Australian Dollar trades mildly higher following strong, record making, export data. But that’s offset by Melbourne’s return to pandemic restriction, on masks and gatherings. Dollar turns weaker as Asian stocks rebound, together with Yen and Canadian. European majors are generally firm. Technically, focus
Euro surges broadly today, while German DAX and Stoxx 600 hit new record highs. Strong German business climate reading gave sentiments a strong lift. For now the common currency is only out-performed by New Zealand Dollar, and followed by Swiss Franc. On the other hand, positive market sentiment makes Yen the weakest one, followed by
A real estate broker, right, gives a tour for potential home buyers during an open house in Manhattan Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Home prices in March were 13.2% higher in March, compared with March 2020, according to the S&P CoreLogic Case-Shiller National Home Price Index. That’s up from the
The Consumer Price Index (CPI) number in April, which arrived at 4.2% on a yearly basis, was a “very unpleasant surprise,” Federal Reserve’s Vice Chairman Richard Clarida told Yahoo Finance on Tuesday, per Reuters. Additional takeaways “US outlook is very very positive and growth could hit 7%.” “Most recent employment report highlighted near term uncertainty in labor market.”
EUR/USD turned south after rising to 1.2266 on Tuesday. US Dollar Index stages a modest recovery during American trading hours. Fed’s Clarida says Fed could discuss scaling purchases in upcoming meetings. The EUR/USD pair climbed to its highest level since early January at 1.2266 on Tuesday but lost its bullish momentum in the second half
Germany is close today the European indices close with the modest changes. A snapshot of the provisional closes shows: France’s CAC, +0.3% UK’s FTSE 100, +0.5% Spain’s Ibex, unchanged Italy’s FTSE MIB, -0.3% In other markets as London traders look to exit: Spot gold is up one dollar or 0.05% $1882.24. Spot silver is up $0.16
Chicago Fed national activity index for April 2021 Chicago Fed national activity index for April 2021 0.24 versus 1.0% estimate. The index fell from 1.71 in March. 3 of the 4 broad categories of indicators used to construct the index made positive contributions in April. However, three categories deteriorated from March The three month moving average decreased to 0.07
Domestic gold and silver prices registered mild gains on Monday as the global yellow metal benchmark consolidated near a four-and-a-half-month high. Weakness in the dollar ahead of key macro data supported precious metal prices. MCX gold futures for June 4 delivery traded stayed positive through the morning session and were last seen quoting up 0.35
Markets are generally staying in consolidative mode today, with subdued movements. Sterling is trading mildly lower, followed by Aussie, and Dollar. New Zealand Dollar firms up mildly after initial dip. Euro and Swiss Franc are also stronger, helped by buying against the Pound. Gold is struggling in range below 1900 handle, but looks ready to
US Federal Reserve Governor Lael Brainard attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images Federal Reserve Governor Lael Brainard pressed the case for a digital dollar, saying Monday that a cryptocurrency backed by the central bank could provide a
Bank of England (BoE) Governor Andrew Bailey acknowledged on Monday that the economic recovery in the UK is “quite unbalanced,” as reported by Reuters. “Hopefully, that imbalance will reduce as more services markets reopen from lockdown,” Bailey added. “The risk of high inflation expectations becoming entrenched is not our central view.” Market reaction These comments