The Color Fisher MT5 Indicator is a technical analysis tool built upon the foundation of the Fisher Transform, a brainchild of the legendary John F. Ehlers. Ehlers, a renowned technical analyst, and author, has revolutionized the field with his innovative tools, and the Fisher Transform stands as a testament to his ingenuity. Understanding the Underlying…
Harris to speak in Houston Kamala Harris will be speaking at a black sorority event in Houston shortly. She will be taking to the stage hours after Donald Trump’s interview at the National Association of Black Journalists’ annual convention shocked the audience and ended up being cut short, apparently by his team. He claimed that…
The British Pound/US Dollar (GBP/USD) pair has recently broken above the top of its falling price channel on the 4-hour chart, signaling a potential shift in momentum. Let’s break down the key levels and scenarios to watch: Bullish scenario: The pair is likely to test the 1.2888 resistance level in the coming days. A breakout…
MARKET REPORT(Unburdened by what has been) New Zealand Bourse Day in Review: Today:(Kamalanomics):DATA:– ADF Employment MISS. Act 122k, EXP 150k Prev 155K – US pending home sales bounced in June +4.8% MoM. YoY sales decline 7.8% YoY– The pending-sales figures tend to be a leading indicator of sales of previously owned homes, because houses typically go under…
India’s small banks have been hit by a ransomware attack, forcing nearly 300 lenders offline, Reuters reported. The attack involved C-Edge Technologies, a key provider of banking technology. This unprecedented event has reportedly isolated these banks from the broader payment network, significantly impacting their ability to process transactions. A Widespread Impact The attack primarily affected…
Forex Trading Glossary C-D CableNickname for the Great Britain Pound. Candlestick ChartsThis is a form of price presentation similar to bar charts which is used to identify localized price patterns that represent market psychology that Japanese originated in the 1600s to analyze the price of rice contracts. As with bar charts, Candlestick charts use…
NEW YORK (Reuters) – The dollar slightly pared losses on Wednesday after the Federal Reserve held interest rates steady but opened the door to reducing borrowing costs as soon as its next meeting in September, as was widely expected. “There has been some further progress toward the Committee’s 2% objective” in inflation, the central bank’s…
FOMC Statement and Powell’s Press Conference July 31, 2024 Today’s FOMC statement modified the prior statement of June 12 in two notable ways. First, labor market conditions depict less tightness, with job gains that were previously seen as strong being depicted now as having moderated and with the jobless rate still low but having moved…
Fed kept interest rates unchanged at 5.25-5.50%, as widely anticipated, with a unanimous vote. The accompanying statement closely mirrored June’s guidance for future decisions, maintaining that the Fed is “prepared to adjust the stance of monetary policy as appropriate.” Fed emphasized that its assessments will consider a “wide range of information,” indicating that it is…
Hello Again It’s been awhile since we’ve written a technical blog and reading through the remarks on the survey, we noticed there were a few requests. That being the case, we decided on tackling a simple, yet powerful variable used in most indicators that some of you may not fully understand. Practice Makes Perfect As…