Identification of trends is one of the most important aspects of trading. It is not uncommon for a stock to trade sideways for prolonged periods. At times, however, markets may become volatile, thereby making it difficult to identify where the trend is headed. That is why we need oscillators. RSI This indicator signals to traders how strong or weak a particular … [Read more...] about RSI vs. Stochastic Oscillator for Trading
The United States Could Have Added Over 1 Million Jobs In April, Economists Say
The United States could have added over a million jobs in April as more businesses reopened after COVID-19 lockdowns, economists were quoted by CNBC. Non-farm payrolls climbed 916,000 in March. Unemployment benefits have also declined to a pandemic low of 553,000 for the week ending April 24. Morgan Stanley economists expect the job growth at 1.25 million, coming … [Read more...] about The United States Could Have Added Over 1 Million Jobs In April, Economists Say
Manufacturing In World’s Second-Biggest Economy Slows
China's manufacturing output grew at a slower pace in April as the economic recovery has started to moderate, according to Bloomberg. Manufacturing purchasing managers' index (PMI) declined to 51.1 in April from March's 51.9. This fell short of economists' forecast of 51.8. A reading above 50 indicates expansion while below that indicates a contraction.The … [Read more...] about Manufacturing In World’s Second-Biggest Economy Slows
Medusa X Review
People invest in Forex intending to earn big, but at the same time, they should be aware of the risks present. The risks are high mainly due to the emotional quotient present in trading. With the advent of automated Forex trading software, it is now possible to avoid the emotional aspect of trading. The software settings ensure accurate trade entries and exits occur resulting … [Read more...] about Medusa X Review
The Impact of Hawkish vs. Dovish Financial Policy on Forex Trading
While turning in to the financial news, you might have heard the terms “hawkish” and “dovish” being mentioned in regards to central banks. These two terms are used to describe the monetary policies of financial institutions. When the financial institution authorities modify the interest rates, it has far-reaching consequences for the foreign exchange market. Interest … [Read more...] about The Impact of Hawkish vs. Dovish Financial Policy on Forex Trading
