Fundamental view: The Euro edged higher this week, reaching a high of 1.1927. The unfavorable US employment report released yesterday was the main reason behind the broad dollar weakness. In the past week, Wall Street rallied to unexplored territory, while government bond yields remained subdued throughout the week, with the yield on the 10-year Treasury note [...]
Japanese stocks had a rise on Friday in broad-based buying which is driven by expectations that the companies will make healthy profits and issue upbeat forecasts in the coming days as corporate earnings reports start to roll in .The Nikkei 225 Index .N225 rose 0.43% to 29,837.54. The Industrial robot and the semiconductor manufacturing equipment [...]
Euro started with a downtrend in the Asian session since the U.S. Federal Reserve's latest meeting minutes indicates continued policy support and cemented hopes of a quick economic turnaround. Minutes from the latest FOMC meeting held on March 16-17 confirmed that the central bank is no rush to hike rates. Federal Reserve officials remain cautious [...]
The third strike trading strategy is based on this reversal chart pattern where: In a downtrend, price will be making those decreasing swing lows and then on the third swing low, it makes a drastic move upwards. Similarly, in an uptrend, price will be making peaks of increasing heights and then on the third peak, [...]
