Hedge funds tend to use powerful indicators based on volume to invest millions of dollars in the markets every day. As retail traders, these will guide us to know what the whales are doing with the money and where they can be buying or selling. We want to be profitable traders, make a lot of money and live in Miami Beach. But, here is bad news - you can't move the price … [Read more...] about How to Trade With VWAP and VWMA in Forex
Euro Area, EU Retail Trade Rebound in May
Source: Eurostat Retail trade in both the euro area and the European Union rebounded in May, driven mainly by non-food items and automotive fuels. The seasonally adjusted volume of retail trade climbed 4.6% month-on-month in both the euro area in May. Retail trade fell 3.9% in the euro area and 3.6% in the EU in April.Year-on-year, retail trade climbed 9.0% in the euro … [Read more...] about Euro Area, EU Retail Trade Rebound in May
What to Choose: Day Trading vs Swing Trading
Day trading and swing trading, along with scalping, are the popular time frame-based strategies for trading the currency pairs. If you have been looking at both and thinking which one to choose, you have arrived at the right destination today — we will help you finally make up your mind. How day trading works Day trading is an approach whereby traders … [Read more...] about What to Choose: Day Trading vs Swing Trading
Eurozone Recoveries Pushes Composite Output Index to a 15-Year High
Source: IHS Markit The Eurozone economy continued its recovery, with the Composite Output Index hitting a 15-year year high of 59.5 in June, from 57.1 in May. EURUSD is up +0.01%, DAX is down -0.036%. The composite output in June was the fourth consecutive month the index has hit the 50.0 markThe jump in output index reflected growth in manufacturing output and an … [Read more...] about Eurozone Recoveries Pushes Composite Output Index to a 15-Year High
UK Service Sector Maintains Recovery but Slows from May’s Record High
Source: IHS Markit Service activity in the UK maintained a robust expansion in June, with the activity index hitting 62.4, slightly below a 24-year high of 62.9 in May. FTSE 100 is up +0.60%, GBPUSD is up +0.11%. The service sector in June was the second-highest since October 2013 and exceeded the month’s flash reading of 61.7The service index reading in the second … [Read more...] about UK Service Sector Maintains Recovery but Slows from May’s Record High
