Banks

The outlook on NASDAQ 100 market (NASDAQI:NDX) is currently bright since it is assumed that the price would be able to sustain its current bullishness – as shown by the price action in the chart. NASDAQ 100 started moving north in October 2015, and it has been able to sustain that movement so far. The […]

Historical data reveals that Gold tends to rally during Thanksgiving celebration in the U.S. – which is held on the 4th Thursday of November of each year. Gold rally often takes place in the week in which the celebration is observed, but in order to check the validity of this trading idea, we would like […]

The USD/JPY did not make any significant directional movement last week. It just went up and down in a shallow manner, though the bullish bias remains valid. This week, there is a probability that the pair could continue moving upwards, owing to the expected loss of stamina in the Yen. EUR/USD: There was no directional […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD did not make any serious directional movement last week, for what was seen was slow short-term movements to the upside and downside (and they were nothing significant). On Friday, price closed at 1.0645, highlighting the ongoing weakness in the pair. There is a […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 17 “A main focus for us is showing traders how to reduce risk with three important tools. The first is the proper use of protective stop orders, the second is proper position size and the last, but maybe most important tool is to keep losses small.” […]

Last week, the EUR/JPY cross merely moved in a choppy, sideways manner. The price zigzagged between the demand zone at 131.50 and the supply zone at 133.00. This week, the EUR/JPY might find it difficult to rally significantly, especially as long as the EUR is weak. EUR/USD: There was no serious upwards or downwards movements […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD did not move upwards or downwards significantly last week, though the outlook remains bearish. Last week was the week in which the FX markets consolidated the most this year, with certain pairs and crosses not going up or down by 50 pips throughout […]

“You do not need a PhD in math or physics to be successful in the stock market, just the right knowledge, a good work ethic, and discipline.” – Mark Minervini Imagine. There’s someone who borrowed a total of $13 million to make a movie. She’s a credit officer at a big financial institution who’s helped […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair dropped 300 pips last week, testing the support line at 1.0700. The largest southwards movement last week occurred on Friday – a result of positive fundamental figures coming out of the US. The outlook on the pair remains bearish, which would be […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 16 “…Remember to view setbacks, losses and failures as learning opportunities. All great achievers have made innumerable mistakes and have failed, that is what provided the “experience” and the “education.” – Dr. Woody Johnson Name: Louis Bacon Date of birth: July 25, 1953 Nationality: American Occupation: […]