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Intermediate 6: 15 most popular candlestick patterns you should know
Candlestick charts existed in Japan for a century before the West even created what we now know as the bar and point-and-figure charts. Steve Nison eventually introduced the candlestick pattern to the West through his book, “Japanese Candlestick Charting Techniques,” and it is still being used widely by traders around the world as one ofContinue Reading
Intermediate 5: Understanding Japanese candlesticks
What are Japanese Candlesticks? Candlestick charts are a popular tool used in technical analysis. They are often used to determine possible price movements based on past patterns, during both bull and bear markets. The concept originated in 1700 when a Japanese man named Honma Munehisa discovered that while supply and demand mainly determined the costContinue Reading
Better-than-expected earnings boost US stocks
U.S. equities extended their gains into the second trading day of the week. The Dow Jones Industrial Average rose 1.12% to close at 30523.8. The S&P 500 gained 1.14% to close at 3719.98. The tech-heavy Nasdaq Composite edged 0.9% higher to close at 10772.4. Equities continued to be buoyed by better-than-expected earnings releases. Netflix reportedContinue Reading
Q3 financial earnings have boosted market sentiment
U.S. equities rallied on the first trading day of the week. The Dow Jones Industrial Average gained 1.86% to close at 30185.82. The S&P 500 jumped 2.65% to close at 3677.95. The tech-heavy Nasdaq Composite soared 3.43% to close at 10675.8. Equities rallied as Q3 earnings from the financial sector have boosted investing sentiment. BankContinue Reading
Week Ahead: US Set to Release Its Empire State and Philly Fed Manufacturing Index
Key economic reports are due for release this week starting with the US Empire State and Philly Fed Manufacturing Index. Several countries will also release their Consumer Price Index, including the UK, Canada, and New Zealand. Australia will release its employment figures and meeting minutes earlier in the week. US Empire State Manufacturing Index (17Continue Reading
