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Force Index Introduction The Force Index is an indicator that uses price and volume to assess the power behind a move or identify possible turning points. Developed by Alexander Elder, the Force Index was introduced in his classic book, Trading for a Living. According to Elder, there are three essential elements to a stock's price movement: direction, extent and volume. The Force Index combines all three as an oscillator that fluctuates in positive and negative territory ...
US Dollar May Fall Further as Trump Inauguration Nears The US Dollar may continue to weaken as disillusioned traders continue to scale back exposure to the so-called “Trump trade” ahead of the nearing Presidential inauguration. Rising U.S. CPI, Hawkish Fed Rhetoric to Tame USD/JPY Pullback The failed run at the December high (118.66) keeps the near-term outlook for USD/JPY tilted to the downside, but the key developments ...
Weekly Outlook: 2017, January 08 - January 15 The US dollar wobbled in the wake of 2017, torn between good and bad news. US Retail sales, consumer sentiment and PPI stand out. These are the highlights for this week. The US monthly employment report showed a lower than expected job growth in December but wages registered a 2.9% annualized gain. The economy added 156,000 positions while expected to increase 175,000. The unemployment ...
Weekly EUR/USD Outlook: 2017, January 08 - January 15 EUR/USD slipped to new 14-year lows in the wake of 2017 but recovered very quickly thanks to weakness in the USD. The second week of January features trade balance and industrial output measures. Data in the euro-zone has been relatively positive, with a significant drop in German unemployment and a rise in inflation, especially in Germany. Retail sales missed expectations, but this did not stop the euro. In the ...
Nasdaq Hits New High as Dow, S&P 500 Slip "The S&P 500 dipped 0.1% to 2,269.00 today, while the Dow Jones Industrial Average declined 42.87 points, or 0.2%, to 19,899.29. The Nasdaq Composite rose 0.2% to 5,487.94, a new record." Dow Jones Industrial Average: S&P 500: "The S&P 500 reached new all-time highs in December and then moved horizontally on ...
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