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Support and Resistance Trading Strategy
Among the fundamental and most commonly used technical analysis tools, support and resistance (SR) levels have a special place. Moreover, strategies based on them are used not only by beginners, but also by quite experienced traders, who have many ot...
Market and the most important day of the week
Daily Market Update, June 10While today, as the most important day of the week, we are waiting for the ECB meeting and CPI data from the US, we are expecting to have a very volatility market, so please make sure you are keeping your risk management u...
Inventories fall, Imports raised!
Oil in free-fall after dataAccording to the US Energy Information Administration (EIA) data, published earlier today, US crude oil inventories decreased by 5.2 Mb in the week ending June 4. Market estimates were about a 2 Mb decrease. Yesterday we ha...
Market Update - June 9, 2021
G-7, China and BoCAs his first visit since taking office, Biden flew St. Ives, Cornwall, in the UK for the G-7 summit. Epidemic problems and access to vaccines for lower-income counties will be at the center of negotiations. Before the summit starts,...
BoC Preview, June 9
Can CAD dive under 1.20After last week's Canadian weaker than estimates labor markets' data, Canadian markets must be careful about BoC's June 9 meeting this week. Since data on Friday was disappointing, we do not expect the Bank of Canada to vote fo...
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