Before we dive into the indicator itself, let’s establish a solid foundation. First, we need to understand the concept of ICT KillZones. Developed by the renowned trader ICT (Inner Circle Trader), these zones represent timeframes within a trading session where the price is likely to encounter significant support or resistance. Think of them as potential…
The USD/JPY pair has recently shown significant price action, indicating that the downtrend remains intact. After breaking above the top of the falling price channel on the 4-hour chart, the pair found resistance at 155.21 and subsequently dropped to 152.41. This movement suggests that the pair is still in a downtrend from 161.95. Key Levels…
Bulls are solidly behind the Japanese Yen, which has constituted a headwind in the EURJPY market. Market anticipations concerning the JPY are quite strong, as economic data are expected to come in better than previous reports. As a result, investors are rallying behind bearish bets in the EURJPY market. Key Price Levels:Resistance Levels: 165.00, 170.00,…
MARKET REPORT(Unburdened by what has been) US-Chinese early trade Day in Review: Today:(Kamalanomics): DATA:– JOLTS above expectations, with the prior revised up – Mixed US Consumer Confidence, but headline beatsCOMPANIES:– NVDA (-6.5%) – Sysco (+4.38%) released earnings per share at 1.39 USD, compared to market expectations of 1.38 USD– Microsoft (-0.89%) released earnings per share…
By Karen Brettell (Reuters) -The Japanese yen gained on Tuesday on news reports that the Bank of Japan is considering raising rates to 0.25% when it concludes its two-day meeting on Wednesday. That would be an increase from the current 0-0.1% and more than the market is currently pricing in, with a 10 basis-point increase…
The EURJPY moved higher earlier today, breaking above the 100-hour MA (blue solid line on the chart below) in the process (currently at 166.679. The subsequent move higher extended toward the 100-day MA (step blue line on the chart below) in the Asian and early European session, but fell short of that target at 167.98….
Equiti Group has named Karen Tatyan as Head of Database, according to an announcement he made on LinkedIn today (Tuesday). Tatyan joined the group as a warehouse/business intelligence/database engineer more than six years ago. Other Roles at Equiti Tatyan also served in other roles at Equiti, including Database Team Lead and Data Architect. According to…
The S&P 500 and Nasdaq 100 continue their slide following underwhelming earnings reports and poor risk sentiment. Microsoft’s Q4 earnings are anticipated to be $2.94 EPS on revenue of $64.5 billion, with cloud revenue expected to reach $36.8 billion. Investor focus is on AI earnings and future spending plans. JOLTZ job openings exceeded expectations, and…
Forex Trading Glossary A-B ABC WaveA term used in Elliott Wave that describes a simple correction after a trending move. It is comprised of three-wave (waves A, B and C) forming a corrective or countertrend price movement. Account Balance (Account Information)The section of a trading screen that shows the amount of money in a…
German Economy Shrinks in Q2 The German economy contracted in the second quarter, contrary to expectations of a minor expansion. Initial data from Destatis showed the economy shrinking by 0.1% in Q2, compared to forecasts of 0.1% growth and 0.2% growth in Q1. According to the Federal Statistical Office (Destatis), ‘investments in equipment and buildings,…