EUR/USD has gapped lower after French President, Emmanuel Macron called a snap election following shock results of EU parliamentary elections in which far-right parties made strong gains. Let’s take a look at the ways we can trade negative gaps of this nature.
Method 1: Gap and Go
The ‘gap and go’ method of trading price involves taking advantage of the...
The bullish drive has been revived in US equity indices after a few weeks of downside pressure. The S&P 500 and the Nasdaq both broke to new highs on Wednesday driven mostly by technology stocks. The ADP May employment report also helped revive some buying appetite as it came in below expectations. There isn’t a very good correlation between the ADP data and the...
Welcome to the third instalment of our Brilliant Basics series, where we help you achieve consistency and discipline in foundational concepts that create a platform for long-term success.
Today, we’re harnessing the power of moving averages. We will explore how to use them effectively and consistently to enhance your trading.
Moving Averages: Momentum Versus...
US crude price is trying to reverse some of the losses on Wednesday morning after five days of continued selloff. West Texas Intermediate (WTI) dipped to a four-month low on Tuesday, finally finding some support at 72.6. Momentum had already been struggling when OPEC+ announced at the weekend it would start to gradually increase production later this year. Markets...
During the last seven trading sessions, the S&P 500 has formed two candle patterns. With these patterns directly opposing each other, let’s explore which pattern is best placed to win out over the coming weeks.
Start with the Bigger Picture
Before we get into the individual price patterns, it is always a valuable exercise to zoom out on your price chart and...
Let’s take a look at three FTSE 100 heavyweights demonstrating high levels of relative strength.
Barclays (BARC): Strategic Update Sparks Share Surge
Barclays' share price has been in a powerful uptrend since unveiling a strategic update in February. The bank's three-year plan includes significant initiatives such as:
• Cutting costs by £2...
