About: anakin

Traders often seek indicators to help them determine when they should enter the market. A crucial piece of information for traders is an estimate of how far the market is likely to move before it reaches an area of congestion. The problem is that many traders spend their time waiting for the market to giveContinue Reading

U.S. equities rose for the third consecutive session. The Dow Jones Industrial Average rose 1.07% to close at 31836.74. The S&P 500 rose 1.63% to close at 3859.11. The tech-heavy Nasdaq Composite soared 2.25% to close at 11199.12. Equities were buoyed by the falling U.S Greenback and the retreating U.S. short-term treasury yield. The benchmarkContinue Reading

In a field where many praise continuous movement, many forget that pushing back is also a strategy. As a trader, your capital is your most valued asset and once it’s gone, it’s never coming back. Thankfully, there are ways to cut your losses and protect your profits. With the right strategy, a Stop Loss canContinue Reading

U.S. equities traded higher over the course of yesterday’s trading. The Dow Jones Industrial Average gained 1.34% to close at 31499.62. The S&P500 gained 1.19% to close at 3797.34. The tech-heavy Nasdaq Composite gained 0.86% to close at 10952.61. The Dow came back from its best 3-week stretch since Nov 2022 and closed at theContinue Reading

This week, the Bank of Canada, the European Central Bank, and the Bank of Japan will announce their interest rate decisions, with expectations of possible rate hikes. Meanwhile, the US is scheduled to release its Flash Services PMI, Advance GDP, and Core PCE Price Index. The UK and Eurozone will also be releasing their PMIs.Continue Reading