Bank of England Rate Cut August 1, 2024 Although expected by many economists, the Bank of England’s 25-basis point Bank Rate decline to 5.0% embodied a surprisingly slim voting majority that included Governor Bailey. But four of the nine members of the monetary policy committee, including the chief economist Huw Pill, favored not yet reducing…
Continuing Post-FOMC Market Repercussions August 1, 2024 Chairman Powell’s press conference yesterday gave as much encouragement as one could expect to speculation that the Federal Reserve will begin a cycle of interest rate reductions at its next meeting in September. One of his major themes was the return of labor market conditions to those just…
July 2024 in Figures July 31, 2024 From a geopolitical standpoint, July was a tumultuous month. Britain got a new government, and the second round of French elections deprived the Far Right of the win that had seemed inevitable. U.S. Republican presidential candidate Trump barely escaped an assassination attempt, and President Biden gave up his…
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…
Trading can seem daunting to beginners, but with the right knowledge and strategies, anyone can become successful. In this blog, we will cover the basic concepts of trading, day trading strategies, equity trading tips, and more. If you’re new to trading or want to improve, these tips and strategies can help you navigate the stock…
Bank of Japan Announces Several Policy Changes July 31, 2024 Just four months ago, the BOJ made a baby step toward normalizing its ultra-loose monetary policy, ending the negative 0.1% short-term interest rate that had prevailed since January 2016, lifting such to 0.0-0.1%. By a 7-2 margin with two dissents in favor of another baby…
Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements July 30, 2024 A 0.6% rebound of the dollar against the Japanese yen was the singular significant movement overnight in the U.S. currency. The 10-year Japanese JGB yield fell two basis points, moving through 1.0% to 0.99%. Comparable U.S. and British sovereign debt yields…
How to Use Heikin Ashi Charts The prime concept behind the Heikin Ashi chart is that it is intended to filter out market noise. When you look at this chart, you ought to be able to get a clearer picture of what is really happening in the market without all of the fakeouts and…
Weekly Charts 28.07. – 02.08. EURUSD Weekly Chart Resistances at : 1.08600 , 1.09500 & 1.09700 Supports at : 1.08350 , 1.08050 & 1.07450 Major Support comes at 1.06800 Major Resistance at : 1.09700 Pattern on this weekly chart calls for another push Up next week. EURUSD 4H Chart …
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! The Mindset of a Professional Trader In episode 464 of the Desire To Trade Podcast, we will be listening to the recording of a conversation between Etienne and Coach Mike discussing the mindset of a professional trader. They explore the main differences between…