The Pattern Pulse - 18 April 2024
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- April 18, 2024
US Dollar Index: Early week, the US dollar, as measured by the dollar index (DXY), tumbled lower from an interesting combination of daily resistance, consisting of 94.65 resistance (March 9 low), a trendline resistance (102.99), an ABCD resistance at 94.63 (together with a 2.0 BC projection at 94.58) along with hidden bearish divergence out of
READ MOREUS Election 2020: The Swing States What Are Swing States? Swing states are those states at an election that are, in essence, competitive and can be won by either party. They are also known as ‘battleground states‘. The winner-take-all nature of presidential state contests mean candidates follow a methodology of focusing solely on winning ‘winnable’
READ MOREAmericans are about to vote for their next president with election day, Tuesday November 3, fast approaching. In a historic race for the White House, incumbent President Donald Trump, who represents the Republican party, goes head-to-head with Democratic nominee Joe Biden, the 47th vice president of the United States from 2009 to 2017. How popular
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREECB MEETINGS OF 2020 SHOULD REALLY BE CALLED ECB ‘STRATEGY REVIEWS’.
Newly minted Chair Christine Lagarde clearly wanted to give herself ‘room’ having ordered a review to consider all aspects of its mandates, targets specifically inflation, performance, operational tools, communication and policy setting, plus others. It clearly leaves the ECB in a holding pattern, but that holding pattern means its highly unconventional policies setting won’t change until the Strategy Review is complete.
FP Markets is delighted to announce that it has been awarded the Best Global Value Forex Broker for 2020. The Global Forex Awards 2020 awarded excellence in the financial industry in areas such as cutting-edge technology, low-cost trading and customer service. This is the second consecutive year that FP Markets has been voted as
READ MOREIts geographical dispersion, trillion-dollar daily trading volume, and round-the-clock movement throughout the week positions the Forex market on most traders’ watchlists. The Forex market’s sheer size and continuous order flow, however, can make it difficult to stay informed through a single monitor. Multiple monitors provide a greater workspace, particularly convenient if you operate with different technical
READ MOREWhether you’re just beginning your trading journey, or are an old hand, you’ve likely encountered MetaTrader’s online trading platforms. MetaQuotes Software Corp., the developers behind MetaTrader 4 (MT4) and MetaTrader 5 (MT5), was established in 2000. Boasting a worldwide presence, MetaQuotes consider themselves leading developers of software applications across a number of financial institutions. MT5’s
READ MOREFinancial trading refers to the practice of buying and selling financial assets – through either an organised public exchange or an over-the-counter market (OTC) – typically using short-term timeframes. Investing, on the other hand, generally seeks larger returns over extended periods via buying and holding. CFDs, or contract for differences, are leveraged products, financial instruments
READ MOREMetaTrader 5, or MT5, continues to grow in popularity, despite MetaTrader 4 (MT4) remaining a favourite among retail Forex traders since its inception in 2005. Officially released in 2010 under MetaQuotes Software Corp., MT5 offers traders the freedom to navigate financial markets in real-time, including foreign exchange (Forex – currency pairs), CFDs, stock exchanges, and
READ MOREWhile discretionary trading, or manual trading, is employed by many traders in today’s markets, a marked shift towards automated trading systems has been seen. Whether a trader focuses on an individual financial instrument or several markets (think the Forex market [Forex trading], cryptocurrencies, and commodities, for example), a major appeal to automated trading systems is
READ MOREIn comparison to the futures market, beginning in 1710 at the Dojima Rice Exchange in Osaka, Japan, contracts for difference, or CFDs, are still very much in their infancy. Much credit goes to UBS Warburg’s John Wood and Brian Keelan for their work with CFDs in the early 1990s initially traded among financial institutions. However, nobody
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