EUR/USD comes under some selling pressure after the daily recovery stalled near the 1.0600 region at the end of the week.…
Continue ReadingHow RSI indicator is used with Elliott Wave
There are several different momentum indicators. One of the popular ones is the RSI (Relative Strength Index) which was developed…
Continue ReadingADP Employment Change April Preview: Will employment threaten Fed rate increase?
Following Tuesday’s choppy action, markets remain calm early Wednesday as investors move to the side lines ahead of the US…
Continue ReadingUS Dollar Index: A move into the 104-105 range into the Fed meeting
The dollar has remained bid ahead of tomorrow’s Federal Reserve meeting. Analysts at ING think it is still risky to…
Continue ReadingUS Dollar Index steady ahead of FOMC and NFP data
The price of petroleum dipped somewhat also after Germany backed a phased-in ban of Russian oil imports. In a declaration, among the…
Continue Reading