Dead cat bounce in oil Oil is back near the lows after a 2% bounce following yesterday’s rout has faded. WTI is now flat on the day at $57.94 after rising as high as $58.98. It’s all about the trade war at the moment with the market fearing that curbs in US-China trade will hurt
The foreign exchange market (forex or FX for short) is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals. The emergence of the internet has changed all of this, and now
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Latest data released by Markit/BME – 23 May 2019 Prior 44.4 Services PMI 55.0 vs 55.4 expected Prior 55.7 Composite PMI 52.4 vs 52.0 expected Prior 52.2 ForexLive Another month, another contraction in Germany’s manufacturing sector. Despite the drop in the overall manufacturing sector and services sector, the composite reading actually improved in May so
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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What Is Forex Elliott Wave Analysis?Elliott Wave Theory – Forex Trading Strategies ////////////////////////////////////////////////// The principle offers traders a model for the likely path of prices, and this attribute allows the trader to make Elliott wave predictions for the future path of prices. The Elliott wave model says that the price will trace out five ‘waves’