What happened? Japanese shares fell on Monday…
USD/JPY: 'Gravestone Doji'
2019-11-11 • Updated
The last bullish 'Hammer' led to the current upward price movement. However, if we have a pullback from the nearest resistance area, there'll be time for a bearish correction towards the Moving Averages.
There's a 'Gravestone Doji', which has been formed at the last local high. Meanwhile, if a pullback from the closest support forms in the coming hours, bulls are likely going to deliver a new local high.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...
As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
Gold price (XAU/USD) experienced a notable turnaround, gaining fresh bids after a $125 pullback from its recent peak. Federal Reserve Chair Jerome Powell's recent speech suggested a reluctance towards aggressive rate cuts, dampening speculations of immediate policy easing. Market sentiment leans towards the belief that the Fed has concluded its tightening cycle, with a growing...