Author: FX
Introduction to the Five Pattern Indicator “M” and “W” Wave Patterns are price patterns identified by A. Merrill, which may predict how and where price would move next. These patterns are typically five-pointed patterns which are based on the swing highs and swing lows. The Five Pattern Indicator is a trading tool which is based on the “M” and “W” Wave Patterns. What is the Five Pattern Indicator? The Five Pattern Indicator is a custom technical indicator which provides pattern-based trade setups based on the “M” and “W” wave patterns. This indicator plots lines connecting swing highs and swing lows…
© Reuters. FILE PHOTO: A man looks at a shop showcase on Central Avenue in San Jose, Costa Rica March 13, 2019. REUTERS/Juan Carlos Ulate SAN JOSE (Reuters) – Costa Rica’s economic growth will likely slow this year, according to a central bank forecast released on Tuesday that also estimates faster growth in 2024. The central bank sees gross domestic product growing 2.7% this year and 3.5% in 2024. The economy expanded by 4.3% in 2022. The bank said in a statement that this year’s expected slowdown was due to global economic disruptions linked to lingering effects of Russia’s invasion…
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 6.7531</p><p>PBoC injects 155bn yuan of 7-day reverse repos at an unchanged rate of 2.0%447bn yuan of RRs mature todaythus net drain of 292bn yuan on the day in open market operations</p><p>-</p><p>eur</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
NZD/USD has dropped firmly after sensing deep selling interest while testing the consolidation breakdown. Investors’ risk-taking capacity is dropping ahead of the interest rate decision by the Fed. The 20-EMA has acted as a major barricade for the New Zealand Dollar. The NZD/USD pair has resumed its downside journey after a pullback move to near 0.6440 in the Asian session. The kiwi asset is unable to keep up its feet amid the release of lower-than-anticipated New Zealand Employment data. The major has shifted into a negative trajectory as the strength of the cheerful market mood is fading away. S&P500 futures…
GER40, Daily GER40, Daily As attention turns to the approaching Fed and ECB announcements, the GER40 index maintains stability near its best level since September last year. The German blue-chip index is in a bull market, having risen more than 28% from a low of 11859.45 in 2022, joining other European indexes that have recently put up a stunning recovery. This week is important for the GER40 index, considering that the Fed will announce its monetary policy decision. The bank is expected to raise interest rates by 0.25% in its first decision this year. The Fed will probably try to…
straga/iStock via Getty Images U.S. natural gas futures concluded January with their second-biggest monthly drop on record, as warmer than expected winter weather held down demand, easing concerns about tight supplies. Front-month Nymex natural gas (NG1:COM) for March delivery settled at $2.684/MMBtu – its second lowest settlement so far this year – up 0.3% for the session but plunging 40% for the month, its biggest decline since a 42% thrashing in January 2001. ETFs: (NYSEARCA:UNG), (UGAZF), (BOIL), (KOLD), (UNL), (FCG) Despite extreme cold in many areas this week, temperatures in the Lower 48 states averaged 42.2 degrees Fahrenheit so far…
S&P 500, FOMC Rate Decision, US Dollar and USDJPY Talking Points:The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00The market forged its way through a heavy session of event risk, but the focus remains on Wednesday’s top listing: the FOMC rate decisionWe run through the scenarios for the Fed decision, the complications for market impact and why I’m paying close attention to the S&P 500 and USDJPY Recommended by John Kicklighter Get Your Free USD Forecast We are closing in on this week’s most closely observed, major event risk: the FOMC rate decision. Despite the market’s…
Stryker up 4% following Q4 top and bottom line beats; 2023 EPS estimate above consensus Source link
© Reuters. Snap shares plunge 14% following Q4 report, warns of sales drop By Davit Kirakosyan Snap (NYSE:) shares plunged more than 14% after-hours following the company’s reported , highlighted by slowing revenue growth as digital ad struggles continue. Q4 EPS came in at $0.14, better than the consensus estimate of $0.11. Revenue was flat year-over-year at $1.3 billion (up 2% year-over-year on a constant currency basis), in line with consensus estimates. According to the company, Q4 materialized largely as expected, with weaker demand from its brand-oriented advertising business, which declined 11% year-over-year, while its DR business performed relatively better,…
<p>This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.Via Twitter:</p><p>Expectations I had seen centred on:Headline crude +0.4 mn barrelsDistillates -1.3 mn bblsGasoline +1.4 mn</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link