How to Grasp the Good Method to Catch the Rising Phase?
Can You Find Some Points for Catching the Rising Phase from this Chart?
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The Meaning of Chips Distribution:
Chips Distribution can be used to judge the support and resistance. The core of buyers and sellers fighting is chips, The key to grasp the initiative is who can control the chips. Support and resistance can be mutual conversion.
US jobs, services sector data point to growth rebound
The number of Americans filing new claims for jobless benefits fell more than expected last week while activity in the services sector hit a six-month high in March, underscoring the economy's solid fundamentals despite a recent softening in growth. Harsh weather, the now-settled labor dispute at the country's busy West Coast ports, softer global demand and a strong dollar undercut growth early in the first quarter. Thursday's upbeat reports, however, implied the slowdown would be temporary. "The good news is that claims and the services sector data suggest the economy has gained some momentum heading into the second quarter," said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Pennsylvania. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 282,000 for the week ended March 21, the Labor Department said. That was the lowest level since mid-February and was better than economists' expectati...
Central banks agree new rules for FX market conduct
Banks must prevent traders sharing order information under a new global code of conduct that bans traditional slang usages and gives dealers more guidelines for what they can and cannot say about the world's biggest financial market. The 8-page document, seen by Reuters, is part of efforts to head off future abuses after two years of scandal over market manipulation. It was agreed this month by the foreign exchange market committees run by all of the developed world's major central banks. It will sit as a global guide on top of the existing codes approved by each committee and also instructs asset managers to work harder at ensuring they are getting the best deal they can on currency transactions for their clients. "FX market participants are advised to apply the global 'high-level principles' set out in this document to the FX market as it evolves, including with respect to new FX products, processes and technologies," the document, dated March 12...
How to Catch Rebound
These are weekly chart of Index, We can catch rebound when the blue signal disappear.
