Author: FX
The Exit and Fisher No Repainting Forex Trading Strategy addresses this critical issue by employing indicators designed to provide stable and unchanging signals. By eliminating the repainting problem, this strategy aims to simplify trading decisions and enhance the reliability of the signals that traders rely on for their trades. One of the key features of the Exit and Fisher No Repainting Strategy is its focus on exit points, paired with the Fisher Transform. The Fisher Transform is a tool that converts price data into a more Gaussian distribution, making it easier to identify extreme price points and potential reversals. Unlike…
The Volume Profile and Reversal Bar Forex Trading Strategy stands out as a compelling approach in the Forex trading arena. This strategy leverages the volume profile, which maps out where substantial trading activity has occurred over a specified period. By highlighting these areas of high volume, traders gain valuable insights into critical support and resistance levels. This detailed picture of market activity helps traders identify where price action is likely to reverse or consolidate, making it a foundational tool for forecasting market behavior with enhanced precision. The true power of this strategy emerges when combined with reversal bars. Reversal bars,…
imaginima/iStock via Getty Images Vistra (NYSE:VST) is now this year’s best performing stock on the S&P 500, passing Nvidia (NVDA) after closing +5.9% on Wednesday to an all-time intraday high of $120.61 for its 13th consecutive daily gain. Vistra (VST) shares have more than tripled Source link
Commonwealth Bank of Australia rgue that the RBA’s latest household consumption forecasts, updated in August, “look too rosy”.CBA point to the 1.1% rebound in household consumption the RBA is projecting, and argue:This represents a significant increase compared to the 0.3% growth seen in the first half of the year.Such a sharp rise in spending growth hasn’t been reflected in CBA’s internal data up until late September.It also doesn’t align with the current cautious spending patterns, given the ongoing low consumer confidence.CBA conclude:We expect the RBA will need to downwardly revise their consumption forecasts in November. Indeed, the RBA this week…
Gold price steadied at $2,660 after hitting a record high of $2,670. Traders assign a 60% chance for another 50 bps of Fed rate cuts in November. US Treasury yields and a stronger US Dollar limited Gold’s upside despite bullish momentum. Gold price remains steadily above $2,650 for the second straight session on Wednesdayas traders increased the odds for another big interest rate cut by the Federal Reserve (Fed) at the upcoming November meeting. That and high US Treasury yields kept the XAU/USD from rising further, and it mostly traded near $2,660, up 0.14%. Market sentiment shifted slightly sour during…
Aytu BioScience Q4 Earnings Preview Source link
Earlier today, the price of the GBPUSD moved to the highest level going back to January 2022. In the process, the price moved into a swing area between 1.3411 and 1.3511 on the weekly chart (see red numbered circles on the weekly chart).. Seller on the first return to that area leaned against it and sold.The price has moved down and has now broken below the rising 100-hour MA on the chart below (blue line). That MA comes in at 1.3338. The price is also now below the low of a swing area down to 1.33308. Close risk is now…
iShares Transportation Average ETF declares quarterly distribution of $0.4401 Source link
EUR/GBP retraced Monday’s sharp downward movements. The daily RSI and MACD signals a stabilizing selling pressure. The pair might extend its current sideways trend in the next sessions. EUR/GBP rose to 0.8370 on Wednesday, displaying some volatility during the European trading session. Nevertheless, the pair failed to hold on to gains, and it currently trades at 0.8350. The cross seems to be consolidating the start of the week’s sharp downward movements with sellers taking a breather. The Relative Strength Index (RSI) on the daily chart stands at 37, suggesting that buyers are starting to take control after Monday’s selloff, and…
ROME (Reuters) – Elon Musk said on Wednesday that he was not having an affair with Italian Prime Minister Giorgia Meloni, replying to a joke after their mutual praise at a black-tie event in New York this week drew headlines on both sides of the Atlantic. Photographs of the two lit up social media after Musk presented Meloni with the Global Citizen Award from the Atlantic Council think tank on Monday. The New York Post called it a “public love-in” between the world’s richest man and the first female Italian prime minister. “I was there with my Mom. There is…