The Support Turned Resistance-Resistance Turned Support trading strategy is a based on the fact that sometimes, a support level which has been broken will act as a resistance level when price goes back up to it. Here’s an example of a STR. On the chart below, Notice the blue area is the support zone that [...]
Bank of Japan (BOJ) Governor Haruhiko Kuroda while speaking before the parliament on Friday said that “Japan's economy continued to expand gradually due to aggressive monetary easing, which has had a positive impact on bank profits.” He also added that “Banks' profitability has diminished as a trend due to prolonged low-rate environment, structural factors such [...]
The euro seems to be in focus ahead of a European Central Bank (ECB)meeting later on Thursday, where any positive comments about the economic outlook or hints of tapering bond purchases are expected to help the euro. Analysts at National Australia Bank give their view on the ECB monetary policy announcement. “Meeting should be without [...]
What are Indices ? Indices are a measurement of the price performance of a group of shares from an exchange. For example, the FTSE 100 tracks the 100 largest companies on the London Stock Exchange. Trading indices enables you to get exposure to an entire economy or sector at once, while only having to open [...]
