Global Markets: Asian stock markets: Nikkei down 0.25 %, Shanghai Composite lost 3.25 %, Hang Seng fell 0.20 %, ASX declined 1.25 % Commodities: Gold at $1166 (+0.25 %), Silver at $15.60 (+0.25 %), WTI Oil at $56.70 (-0.40 %), Brent Oil at $61.95 (+0.20 %) Rates: US 10 year yield at 2.39, UK 10 … Continue reading Friday 3rd July: European Open Briefing
Lower timeframe confirmation: simply means waiting for price action on the lower timeframes to confirm direction within a higher timeframe area. For example, some traders will not enter a trade until an opposing supply or demand area has been consumed, while on the other hand, another group of traders may only need a trendline break … Continue reading Friday 3rd July: Daily technical outlook and review (U.S banks will be closed in observance of Independence Day).
Dear Traders, As most of you are already aware, there is a lot of uncertainty being built around a potential “Grexit” following Greece's missed loan repayment of 1.6 billion to the IMF. The markets have been shaky right from the start of this week and the situation is expected to become more volatile as a … Continue reading Important announcement to Traders
Global Markets: Asian stock markets: Nikkei up 1.10 %, Shanghai Composite fell 1.25 %, Hang Seng gained 0.60 %, ASX rose 1.55 % Commodities: Gold at $1167 (-0.20 %), Silver at $15.55 (-0.25 %), WTI Oil at $57.00 (+0.05 %), Brent Oil at $62.20 (+0.20 %) Rates: US 10 year yield at 2.42, UK 10 … Continue reading Thursday 2nd July: European Open Briefing
Lower timeframe confirmation: simply means waiting for price action on the lower timeframes to confirm direction within a higher timeframe area. For example, some traders will not enter a trade until an opposing supply or demand area has been consumed, while on the other hand, another group of traders may only need a trendline break … Continue reading Thursday 2nd July: NFP day today – prepare for volatility!
