Source: Office for National Statistics Employment in the United Kingdom posted a slight increase in the third quarter of the year, as both unemployment and economic activity both slipped from the previous quarter. EWU is up 0.43% premarket. The employment rate was recorded at 75.3%, posting a 0.5-percentage point climb from the previous quarter, equivalent to 32.416 … [Read more...] about UK Employment Slightly Up in Third Quarter
UK Business Activity Posts Broad Growth in September, Supply Woes Continue
Source: Markit Economics The United Kingdom posted broad-based growth in September, but supply constraints continued to be detrimental to business activity during the month. EWU is up 0.43% premarket. The PMI Business Activity index posted strong growth in several areas, such as Wales at 57.1, the West Midlands with 56.3, Scotland with 56.1, London with 55.9.The North … [Read more...] about UK Business Activity Posts Broad Growth in September, Supply Woes Continue
Scaling In and Scaling Out in Forex
Scaling in Scaling in is a form of trading that entails beginning with minimal overall exposure and progressively increasing it over time if the trend looks favorable to you. The rule of thumb here is to not increase your position until you are certain that the price will continue to move in your favor for some time. Opening a position with just a fraction of the amount … [Read more...] about Scaling In and Scaling Out in Forex
World Leaders Agree to 15% Global Minimum Corporate Tax Rate
Source: OECD World leaders have agreed to impose a 15% minimum tax rate on multinational enterprises (MNEs) from 2023 and reallocate $125 billion of profits of the world’s largest companies. 136 countries and jurisdictions agreed upon the landmark deal covering over 90% of global gross domestic product.The deal is supported by OECD and G20 countries, while Kenya, Nigeria, … [Read more...] about World Leaders Agree to 15% Global Minimum Corporate Tax Rate
3 Critical Technical Analysis Concepts in Forex You Should Understand
Technical analysis is one of the two main areas of study (along with fundamental analysis) in forex. An analyst looking at a chart always tries to internalize certain aspects of the price movements they see. Is the trend changing or continuing? What is the magnitude of the momentum, weak or strong? Is price approaching key support and resistance? Although it’s a contentious … [Read more...] about 3 Critical Technical Analysis Concepts in Forex You Should Understand
