The UK’s official jobless rate remained the same as that of last month - 3.9% in April, while the claimant count change showed a dramatically higher than expected increase last month. The unemployment rate remained at 3.9% which is better than 4.5% forecast. The Claimant Count Change came in at 528.9K as against 370K expected [...]
Most economies around the world are hitting the bottom line as the market collapses due to the deadly and rapidly spreading corona virus. As the global markets experience chaos and confusion, the newly emerging disease appears to be a major threat to the Forex market. With the US dollar falling and the dollar fluctuating in [...]
According to the economist, the Bank of Japan is expected to leave its main policy levels untouched Tuesday to support the pandemic-hit economy. 'BOJ may leave its interest rate and assets purchase rate unchanged at the end of its two-day meeting. Also, it is expected for a rise in the estimated size of a BOJ [...]
The railway tracks pattern strategy is another price action trading strategy that is based on analyzing the flow of candlesticks. This trading strategy works as : Look for the candlesticks forming the same trend. Wait for the formation and breakout of opposite candle in the ongoing trend, the formation of a bull candle in a strong bearish trend, and [...]
