In US, First-time claims for unemployment insurance last week fell below 1 million for the first time since March 21 in a sign that the labor market is continuing its recovery from the corona virus pandemic. The total claims of 963,000 for the week ended Aug. 8 were well below the estimate of 1.1 million. [...]
UK house prices turn in to positive territory for the first time since March. Across the UK in aggregate, a net balance of 12 percent of respondents to the Royal Institution of Chartered Surveyors’ monthly survey reported an increase in house prices during July. This was a noticeable turnaround from minus 13 percent in June, [...]
After being the household spending being hit, Australian wages grew at their slowest pace on record in the second quarter. The official wage price index (WPI) rose 0.2% in the three months to the end of June. That was below the already subdued 0.3% forecast and the 0.5% growth seen in the previous quarter. The [...]
This is a price action trading strategy called the Multi-Timeframe Trading with Trend line Trading Strategy and 123 Pattern. It is a strategy complimentary to the trend line trading strategy and to understand the concept of what we are about to show you here, you need to think in terms of multi-timeframe trading. Multi-timeframe trading : It simply means a combination of [...]
