How you ever thought about doing a trade globally? Some people might be a bit hesitant to do such a thing, but the opportunity is just waiting for you out there. You don’t actually have to travel outside your country, if that’s your concern. With the availability of the Internet, you can actually do forex [...]
There is no one technical indicator that applies equally well to trending and non-trending markets. For this reason, it is difficult to answer the inevitable question from clients: what is your best indicator? The way I handle the question is by providing a template that includes three technical indicators: the stochastic oscillator, MACD indicator, and [...]
In today’s society, money is one of the most important factors that you need in order to live a comfortable life. You also need money to feed your family, to pay for food, to buy gas for your car and also to purchase the things you want in order for you to live a comfortable [...]
The dollar tumbled versus its major counterparts on Thursday, as positive economic news fueled another bout of risk appetite, supporting resource-linked and higher-yielding currencies. A largely successful 30-year Treasury auction helped to drive the dollar lower. After stabilizing for the first week of June, the dollar appears to be set for another leg lower, and [...]
The Singapore stock market on Thursday saw an end to the modest two-day winning streak in which it had gained nearly 60 points or 2.6 percent along the way. The Straits Times Index is holding on to support at 2,380 points, although investors are hopeful that the market will bounce higher in Friday’s trade – [...]
US stocks were looking for direction Tuesday morning in New York, as lingering concerns about the economy offset news that Texas Instruments has boosted its quarterly profit and sales outlook. As of 6:15 am ET, the Dow Futures were down 11 points, the NASDAQ Futures were up 3 points, and the S&P Futures were down [...]
A late bout of financial-stock purchases was offset by selling of commodity and technology stocks, and major indexes finished the session more or less flat. JPMorgan Chase rose 84 cents, or 2.4%, to 35.39. The bank will likely be on the list of those approved to pay back government funds in the Troubled Asset Relief [...]
The U.S. dollar rose against most major rivals Monday, extending its gains from the previous session, as a downgrade of Ireland’s credit rating weighed on the euro and political concerns pressured the British pound. The dollar index , a measure of the greenback against a basket of major currencies, traded at 81.070 in recent action, [...]
Fibonacci Retracement is a leading indicator that is used to predict future price movement of a currency pair. This indicator can be used in different trading markets such as stocks, ETFs, futures and forex. Well what is Fibonacci and how does it work? Fibonacci Retracement was discovered by Leonardo Fibonacci in the 12th century. Leonardo [...]
