Unlocking the Power Of The Relative Strength Indicator
Trading financial instruments is a constant process of speculation. Knowing the right time to buy or sell an instrument can greatly aid in ensuring that you rake in profits from trading. This can be done through the use of tools that aid in predicting the future movement of the price of a stock. The RSI indicator measures the momentum in the price movement. This means how strong the stock is moving up or down. A strong movement in a particular direction may indicate a likely future trend but it may also show when a stock is overbought or oversold. The RSI's ability to give multiple signals with high accuracy in ... (full story)
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Opinions on Economic and Financial Developments Economic Developments: • Japan's economy has recovered moderately and is likely to continue to do so. However, there remain extremely high uncertainties surrounding economic activity and prices. • Japan's economy has continued to recover moderately on the whole; although firms' business fixed investment has been somewhat weak due to subdued external demand, private consumption has continued on an expanding trend, albeit moderately. • The domestic economy has been resilient on the whole. Although production activity has been more or less flat since orders from overseas have been sluggish, sources such as data on the flow of people and financial results of retailers suggest that private consumption has been resilient. • It will be necessary to closely monitor developments in private consumption in particular because the materialization of pent-up demand to date has been limited. Developments in and levels of underlying inflation measures show a certain degree of possibility that the year-on-year rate of increase in the consumer price index (CPI) will continue to significantly exceed the price stability target for a considerable period of time, and that this will keep squeezing private consumption. It seems that large firms, which have proceeded with structural reforms, have increased confidence in their earning power. Small and medium-sized fi post: <JPY=>:*ONE BOJ MEMBER: NEED TO CONTINUE WITH EASING PATIENTLY *BOJ: JAPANESE COS SEE 2.5% Y/Y INFLATION IN 1 YEAR ?*ONE MEMBER: NO NEED FOR ADDITIONAL YCC TWEAK WITH YIELDS STABLE *BOJ: JAPANESE COS SEE 2.1% Y/Y INFLATION IN 5 YEARS TIME post: ?*ONE MEMBER: END OF NEG. RATE, YCC MUST BE LINKED WITH CPI GOAL *ONE MEMBER: EASING WOULD CONTINUE EVEN WITH NEGATIVE RATE END *ONE MEMBER: ASSET BUYING MUST BE ALSO CONSIDERED WHEN EXITING post: BOJ SUMMARY: ONE MEMBER SAID THERE IS STILL SOME DISTANCE BUT JAPAN NEARING ACHIEVEMENT OF PRICE TARGET, SO LATTER HALF OF CURRENT FISCAL YEAR WILL BE CRUCIAL PHASE IN DETERMINING NEXT YEAR'S PRICE OUTLOOK, OTHER FACTORS
After 11 straight weeks of gains in the USD (DXY index), driven by EURUSD trading into 1.0488, and a key weekly close above the YTD range highs (105.40), we ask whether the dollar ...
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Business conditions across the Japanese manufacturing sector deteriorated at a stronger rate at the end of the third quarter of 2023. The latest data indicated weakness across the ...
post: USD/JPY Rises to 11-Month High of 149.73
Bank of Japan policymakers discussed various factors that must be taken into account when exiting ultra-loose policy, a summary of opinions at their September meeting showed on ...