A common question when dealing with the technical analysis of the stock market is; how to read a candlestick chart? Candlestick charting, also called bar charting, has been around since the 16th century. In it’s most basic form, a candle stick is used to display open and low at a given time on a particular …
The foreign exchange markets, or the Foreign Exchange Market, are a unique market due to the unique way it is setup. It has no national market; instead it is governed by global benchmarks like the London Interbank Offer Rate (LION). It also has an international network of banks that trade with each other based on …
There’s a lot involved in learning how to manage the emotions of trading. Emotions are very hard to manage and even harder to stay out of your head. This is not a bad thing though because most people don’t have the time or patience to learn how to do it correctly. It is best if …
The summer holidays are almost here and many stock market traders are getting excited. This is due to the fact that many stock markets across the United States have seen good gains over the past year. Some markets, however, have actually gained on the losses while others have lost money. In an attempt to keep …
Stock markets were on a wobble throughout much of the day as investors began to take note of reports that Democratic presidential candidate Joe Biden is on the verge of winning the White House. If Joe Biden wins Ohio, Nevada and Arizona in a week’s time, then the Presidency is most likely going to be …
How will markets react to the 2020 US Presidential Election? You would be astounded at the response that such a question receives. After all, the United States has been a highly political nation since its inception and this year there is no better time than now to take stock of how it will affect the …
The Mexican Peso Fundamental Forecast was recently released by the Economic Commission of Mexico and shows a very interesting result. Based on Presidential election predictions for President of Mexico, it predicts that Mexico will move to the right after the election, which will mean a weaker currency and a stronger US dollar. This is very …
As the effects of the fiscal stimulus plan (Fiscal) is yet to reach its full effect, the gold price may fall further as traders anticipate more negative effects to follow. As a result, investors are now rushing into gold as a safe haven. The fiscal stimulus plan is aimed at boosting the economy by injecting …
The Nikkei 225 index, which tracks the Japanese stock market has reached a new record high and is currently rising to a one-month high. However, is the current level of support for the Nikkei 225 index due to a reversal of a bear market, or due to an over-the-counter (OTC) trade? If we look back …
The British Pound (GBP) is one of the world’s most traded currencies. With the help of Forex brokers and banks, it has the potential to be used as an international money transmitter. This could potentially have a significant impact on global supply and demand in the future. The latest developments involving the UK economy include …