Globalization and its New Discontents

on , from project-syndicate.org

Fifteen years ago, I wrote a little book, entitled Globalization and its Discontents, describing growing opposition in the developing world to globalizing reforms. It seemed a mystery: people in developing countries had been told that globalization would increase overall wellbeing. So why had so many people become so hostile to it? Now, globalization’s opponents in the emerging markets and developing countries have been joined by tens of millions in the advanced countries. Opinion polls, including a careful study by Stanley Greenberg and his associates for the Roosevelt Institute, show that trade is among the major sources of discontent ... (Read the full story)

EURNZD Bullish Reversal on the Horizon?

on , from dailypriceaction.com

EURNZD formed a bearish pin bar on May 10th that went on to trigger an 1,800 pip landslide over the next two months. However, recent developments – namely the mid-July bounce from multi-year lows – hint at the idea that higher prices are on the horizon. You may recall a lesson of mine that explains the concept of impulsive and corrective moves. It’s a simple way to gauge the momentum in any market and also identify potential turning points. Concerning EURNZD, all of the bullish moves between May 10th and July 8th were corrective. That is they fit neatly within the steep downtrend that had developed during the period. However, the price ... (Read the full story)

The Power Of Tick Charts And How To Use Tick Charts

on , from tradeciety.com

When I started out trading, all I knew about were time-based charts. It took me years to even hear or think about that there might be other types of charts to be used that are much more advantageous, especially to day traders, than time-based charts. This is because MetaTrader4, which most Forex traders use when they start out, does not offer any other charts. But looking at this screenshot from Sierra Chart shows that there are many, many more charts to analyze price. They all come with their very own advantages and disadvantages, of course, and are not the Holy Grail. We have to learn how to read them, as they are a tool as much as ... (Read the full story)

EURUSD moving away from key technical levels

on , from forexlive.com

Tests next target at 61.8% The EURUSD is moving to new session lows and in the process is testing the next target against the 61.8% retracement of the move-up from the July 25 low to the August 2 high. That level comes in at 1.1059. In the process, the pair is moving away from key technical levels including the 200 bar moving average on the four hour chart at 1.1097, the 50% retracement of the move-up at 1.1092 the 100bar moving average on the 4-hour chart at 1.1079 and the 100 day moving average at 1.1079. The 1.1079 level is now a key risk defining level for shorts. Stay below and the sellers remain firmly in control. The next ... (Read the full story)

Gain Capital’s net income rises to 10.8 million in Q2 2016

on , from smnweekly.com

Gain Capital (NYSE:GCAP), the second-largest US forex broker in terms of client assets, reported that its second quarter net income was $10.8 million, up from a $7.1 million loss in the second quarter of 2015. When compared to the previous quarter with a net income of $8.4 million, the Q2 2016 metric rose 28.6%. The overall results for the first half of this year also were favorable revealing a net income of $19.2 million, against a loss of $1.7 million in H1 2015. The net revenue of Gain Capital in the second quarter of 2016 was $108.3 million and the overall net revenue for the first half of the year was $223.8 million. In comparison ... (Read the full story)