Category: Forex Trading

The price might continue its current trend or reverse direction. This pattern can appear in both uptrends and downtrends, signifying that the trading range of the current candle is narrower than that of the preceding candle. This reduction in price volatility suggests a temporary balance between buyers and sellers. Inside candles show that there’s indecision in the market, we don’t want to see indecision at places where the market could reverse, we want to see confirmation.

Combination of the Inside Bar and the Pin Bar

1. There are plenty of other trading opportunities available in other instruments.
2. The daily chart serves as a natural filter, and there you will find the best price action patterns that will increase your chances of making a profit.
3. Tools and indicators for finding inside bar setups include candlestick pattern recognition tools, moving averages, and volume analysis.
4. It’s about knowing the best times to buy and sell by understanding the market and using reliable indicators.
5. By doing this, traders can make better decisions, improve their performance, and reduce losses.

The inside bar pattern is characterised by two consecutive candlesticks that often suggest a period of consolidation or indecision in the market. Traders and analysts can find value in identifying the setup as it can provide insights into potential future price movements. In this article, we will explore different examples of this formation on price charts and discuss how to interpret their signals for trading purposes. The phrase “trends are followed by consolidations while consolidations are followed by trends ” has already set our teeth on edge. Based on this principle, we can choose our  strategies to work in the framework of a current trend, at its reversal, or at breakout of one of the borders of a trading range.

Traders should look for more volume and speed as signs of a breakout. Knowing common trading errors is as important as knowing how inside bar forex to trade with the inside bar method. Your profit target will often depend on the market volatility and behavior of the instrument you’re trading. Stocks, for instance, have a habit of going in one direction for longer than forex pairs. As a result, you may often get away with placing your take-profit target a little farther away from your entry in the stock market than in the forex market. ATAS enables you to load tick history from different markets, not just cryptocurrencies, providing you with a comprehensive foundation for identifying patterns in price and volume interactions.

Even though the pattern is known as having a structure with one large bullish or bearish first candle and a second smaller candle, it could have many other chart formations. For example, the inside bar pattern could also be formed with a large first candle and a second tiny Doji candle. Technically, as long as the first candle covers the second candle, then it’s an inside bar pattern. In trading, an inside bar is a pattern where a candle is fully contained within the range of the previous candle (bar). The high is lower than the previous bar’s high, and the low is higher than the previous bar’s low.

Each high or low of a candlestick represents, at least in the short term, an area of support or resistance. In this double inside bar example, you would have been break even on the trade. The double inside bar strategy takes advantage of a slightly longer term consolidation in the market.

There are several ways to trade inside bars that stem directly from the trader’s individual risk appetite and possibly the overall strength of the setup itself. The best place to enter the market by the inside bar is to enter on the break of the mother candle in the direction of the trend. To do this, we place a stop order on the boundary of the mother candle. In short, the inside bar strategy is very useful for both new and seasoned traders.

Using a good breakout strategy is crucial in the inside bar forex market. By following these tips and strategies, traders can make the most of new trends. Using risk management helps traders avoid big losses and keep their money safe. It’s important to check and update your risk management plans as the market changes. As mentioned above, the inside bar is a two-candlestick pattern that may appear in any market scenario.

1. It’s best to use low leverage until you gain experience with this strategy.
2. Use footprint charts and other tools to professionally analyze buying and selling dynamics.
3. Using risk management helps traders avoid big losses and keep their money safe.
4. Stop losses have to be used, irrespective of the strategy you use.

In most cases, the development of an Inside Bar indicates a market consolidation which means that the existing trend can reverse in the near future. Identify if there is going to be an upward breakout during an existing bearish market momentum or a downtrend breakout during an existing bullish market momentum. If the currency pair prices diverge from the existing trend before the price consolidates, a reverse price breakout is confirmed. Find the existing trend using the technical indicators or price action analysis. Locate a candlestick that is completely engulfed by the preceding candle’s high and low.

How Reliable is the Inside Bar Pattern?

In the example below, we are looking at trading an inside bar pattern against the dominant daily chart trend. In this case, price had come back down to test a key support level , formed a pin bar reversal at that support, followed by an inside bar reversal. Note the strong push higher that unfolded following this inside bar setup. Another aggressive approach to trade inside bars is to often place pending entry orders a few ticks above the high as well as below the low of the inside bar to take advantage of a break of either side.

Fakey Trading Strategy (Inside Bar False Break Out)

You should notice how the high and low on both the candlesticks are contained within the high and low of the candlestick prior to them, implying being inside the range of the prior candlestick. Established in 2018, AdroFx is known for its high technology and its ability to deliver high-quality brokerage services in more than 200 countries around the world. AdroFx makes every effort to keep its customers satisfied and to meet all the trading needs of any trader.

Pros and Cons of Trading Inside Bars

Some traders define an Inside Bar based on the high and low of the bar, while others consider the open and close. According to the first definition, an Inside Bar has a higher low and a lower high than the previous bar. According to the second definition, both the open and close of the Inside Bar are within the range of the previous bar’s open and close. This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions.

U.S. year-on-year total CPI consumer inflation accelerated in December 2024 to 2.9%. January economic growth reports that will be released this week are likely to be generally positive, including retail sales and industrial production. “No news is good news,” writes David Russell, global head of market strategy at TradeStation. “Inflation has stopped falling, but it isn’t enough of a problem to derail this bull market. Inflation and the Fed are becoming less of a catalyst. Attention could now shift to the incoming administration’s tariff policy.” Economists are wondering if a moderate inflation decline in July will be enough to convince skeptical Federal Reserve officials to begin lowering interest rates. The new data shows that inflation picked up speed at the start of the President Trump’s second administration, which has signaled its intention to enact broad-based tariffs, including newly announced 25% tariffs on all steel and aluminum imports.

What You Need to Know Ahead of Tuesday’s Closely Watched CPI Inflation Report

• The prediction market Kalshi pegs July CPI at a 2.9% annual rate currently, this also suggests the July’s CPI report should continue the disinflation trend in the U.S..
• As of December 11, futures traders assigned a 95% probability to the Federal Open Market Committee (FOMC) cutting the short-term federal funds rate by 25 basis points (bps), or 0.25%, at the next Fed meeting.
• But even core inflation—which excludes the more volatile food and energy prices— warmed up last month; the metric had been more stable amid the fallout from bird flu and higher oil prices.
• Morgan Securities LLC Form CRS and Guide to Investment Services and Brokerage Products.
• Of course, even dismissing some of the uptick, the January data aren’t a good reading for Federal Reserve officials—especially when it comes to the so-called supercore measure, which excludes food, energy, and housing.
• On a monthly basis, the CPI rose 0.4%, following the 0.3% increase recorded in the previous month.

The unemployment rate has now risen to 4.3%, a 0.8 percentage point increase over the past year that has triggered a time-tested recession flag known as the Sahm Rule. “We think the Fed is likely to remain in ‘wait and see mode’ for the time being and anticipate the Fed staying on hold at next month’s meeting.” The report, which marks the fourth consecutive month of higher inflation, showed that the following items saw price increases on a month-over-month basis. It appears likely that July’s inflation report will sustain the trend of relatively subdued inflation from recent months, according to nowcasts. That trend alone may be sufficient for the FOMC to lower rates in September, as markets broadly anticipate.

Core Inflation Accelerates to 3.3%

The January ISM Manufacturing Index rose to 50.9, the strongest level since September 2022. Meanwhile, the ISM Non-Manufacturing Index decelerated to 52.8 but continued to expand with a reading above 50, reflecting ongoing growth in the services sector. Plus, weekly initial jobless claims remained low at 219,000, while the latest JOLTS report from the U.S. The only truly weak economic data last week was a significant decline in December factory orders by 0.9%. When gauging inflation trends, economists and policymakers at the Fed pay especially close attention to “core” measures of inflation, which exclude axitrader review prices for food and gas.

• President Trump has already announced the imposition of tariffs on some of America’s trading partners, and we assume there will be more levies, which will be matched by foreign retaliation, in the coming quarters.
• “Progress on cooling inflation appears to have resumed in the second quarter, keeping Fed rate cuts on the table for later this year, though the exact timing will remain ‘data dependent,’” Scott Anderson, Chief U.S. economist at BMO Capital Markets, wrote in a commentary.
• More sweeping tariffs on a range of countries are likely as soon as this week, Trump has said, a strategy economists say would push up prices more sharply.
• He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor’s Business Daily, among other publications.
• On an annual basis, headline CPI rose 2.9%, according to the Bureau of Labor Statistics.
• After the release of the January jobs report on February 7, the dollar and bond yields rose while equity and bond prices fell.
• According to the release of the FOMC Minutes of the December meeting, Fed officials voiced worries about growing risks of inflation trending higher and highlighted how potential shifts in trade and immigration policies could complicate efforts to bring it under control.

The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). The table below shows the percentage change https://www.forex-reviews.org/ of US Dollar (USD) against listed major currencies today. Profit and prosper with the best of Kiplinger’s advice on investing, taxes, retirement, personal finance and much more.

Consumer Price Index and Inflation

Fed officials had forecast two rate cuts this year, the first likely coming in June. Futures markets now expect just one rate decrease toward the end of the year. American airline aktie And with the labor market still chugging along, some economists figure the Fed will forgo rate cuts in 2025. Inflation picked up for a fourth straight month in January amid another rise in in food and energy costs, possibly setting the stage for a year of halting progress in the battle to slow consumer price increases as President Donald Trump rolls out myriad import tariffs.

Follow live coverage and analysis of the latest economic data.

“It will likely take similar well-behaved inflation data in August (or a higher jobless rate) to assure a majority of voting members on the FOMC that inflation is moving convincingly to the 2.0% target,” wrote Priscilla Thiagamoorthy, senior economist at BMO Capital Markets. While consumers and business owners continue to express concern over high prices, the trend indeed has shifted. Tuesday’s producer price index, or PPI, report for July helped confirm optimism that the elevated inflation numbers that began in 2021 and spiked again in early 2024 are in the rearview mirror. Because tariffs are essentially taxes on imports that are largely passed through to U.S. consumers, Mr. Trump’s import duties, if enacted, could push inflation higher in 2025, economists are forecasting. “This is not a good number,” Brian Coulton, chief economist at Fitch Ratings, said in an email of January’s CPI data. “This is almost starting to look like a re-run of the first half of 2024, when inflation surprised everyone (including the Fed) on the upside.”

What To Expect From February’s CPI Inflation Report

But after potentially easing, inflation is poised to accelerate again in the second half of the year, Barclays said. Trump has announced hefty tariffs on Chinese imports and steel and aluminum shipments and has delayed levies on Canada and Mexico that may still take effect in early March. Rent hikes, a big inflation driver, are likely to keep moderating and pay increases are poised to slow further, Barclays said. Last month, the cost of eggs soared 15.2%, the latest in a flurry of increases amid a two-year bird flu outbreak.

However, stubbornly high rent increases could keep “core” CPI, which excludes food and energy prices, from falling too much. Fed watchers have been expecting rate cuts for months as inflation has cooled, only to be repeatedly disappointed. Forecasters are anticipating January’s report to more than wipe out an unwelcome inflation uptick in December.This and other inflation reports over the next few months could be key in determining how soon, and how quickly, the Federal Reserve will cut its benchmark interest rate. Falling energy prices and a slowdown in food price increases could reduce the overall inflation rate, economists at RBC said in a commentary. The Federal Reserve’s policy-setting committee has said they’re looking for economic data—especially inflation reports—to show that consumer prices are firmly on the path down to a 2% annual rate before they’ll cut interest rates. The central bank has maintained its key fed funds rate at a 23-year high since last July, pushing up borrowing costs for mortgages and other loans, in hopes of slowing the economy and stifling inflation.

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail. Fed Chair Jerome Powell is addressing the House of Representatives on Wednesday morning and could shed some additional light on how policymakers are considering the stalled out progress on cooling inflation at this point. In fact, the core goods deflation that drove much of the relief in inflation over the past two years is fading fast.

Banknote printing facilities are based in Beijing, Shanghai, Chengdu, Xi’an, Shijiazhuang, and Nanchang. Also, high grade paper for the banknotes is produced at two facilities in Baoding and Kunshan. The Chinese yuan might trade for a different price in offshore markets such as Hong Kong due to China’s cross-border currency controls. The unofficial abbreviation CNH is sometimes used to refer to the offshore price of the Chinese yuan to distinguish between these two prices.

Live Currency Rates

BRICS members hope that alternative lending institutions can invigorate South-South cooperation and reduce dependence on traditional funding sources. Growing membership also brings new challenges, however, including increasing pushback from Western counties and divisions within the bloc. Experts say that how project manager certificate and training grow with google BRICS members navigate those tensions will determine whether the group can become a more unified voice on the global stage. In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. A third series of RMB was issued in 1962 which used multi-color printing technology and used hand-engraved printing plates for the first time. The renminbi was first issued on December 1, 1948, by the Chinese Communist Party’s People’s Bank of China.

Chinese Yuan RMB (CNY)

1. The People’s Bank of China again lowered the renminbi’s daily fix to the US dollar from ¥6.620 to ¥6.6375 after Brexit on 27 June 2016.
2. Not only did devaluing the CNY make Chinese goods more affordable and attractive in international markets, but there was also another advantage for China.
3. Literally translated as “the people’s currency” the renminbi (RMB) has been the currency of China for over 50 years.
4. Meanwhile, economic and political instability in member countries has also shaken confidence in BRICS efforts.
5. The Chinese character 圓 is also used to denote the base unit of the Hong Kong dollar, the Macanese pataca, and the New Taiwan dollar.

The PBOC sets a midpoint value against the U.S. dollar every day based on previous trading sessions and movements in international currency markets. The price of the yuan is permitted to trade within 2% of that price. The midpoint might also be adjusted based on undefined “counter-cyclical” factors at times. The CRA, a common fund among the BRICS central banks that offers support during a currency crisis, is limited to BRICS countries, while in 2021 the NDB opened to private projects in other emerging-market countries. Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered.

All Chinese yuan rmb Exchange Rates

The currency code for Chinese Yuan Renminbi is CNY, denoted by the symbol ¥. The renminbi, introduced in 1948, is abbreviated as RMB but it is not an official currency code. Markets located in Hong Kong that trade the Chinese currency at free-floating rates use another unofficial code – CNH. The RMB acts as one of the most-held reserve currencies in the world, while being the eighth most-traded currency globally. Between 1930 and 1948, banknotes were also issued by the Central Bank of China denominated in customs gold units.

As a managed float, the Renminbi’s value is determined by a basket of foreign currencies. Transactions between Chinese companies and a foreign entity were generally denominated in US dollars. With Chinese companies unable to hold US dollars and foreign companies unable to hold Chinese yuan, all transactions would go through the People’s Bank of China. Once the sum was paid by the foreign party in dollars, the central bank would pass what type of crm do forex companies need the settlement in renminbi to the Chinese company at the state-controlled exchange rate. From 1997 to 2005, the Chinese government fixed the exchange rate of the Yuan Renminbi to the US Dollar at an approximate rate of 8.3 CNY to 1 USD.

How have Western countries responded?

Schedule international transfers and manage foreign exchange risk across 130 currencies in 190+ countries. In 2005, it was officially unpegged and as of February 2017, had an exchange rate of 6.8 RMB to $1 U.S. dollar. You’ll always get the mid-market exchange rate with no hidden costs, and you’ll avoid foreign transaction fees while withdrawing from ATMs abroad, paying in restaurants and shops, and buying your accommodation and flights. On the other hand, if you think your currency will be weaker against RMB in the future, then you can pay us up to 100% of the tour price in advance to lock the exchange rate. If you don’t have any idea about the trend of the RMB’s exchange rate, then you can pay 50% of the tour price at the time of booking, and the rest when your tour gets closer.

There is nothing wrong with the word jiao, it is just that most people use the word mao instead. Also common is “10 kuai qian”, literally biggest stock gainers of all time “10 pieces of money”. China’s first domestically produced machine-struck dollar coin, or yuan, was minted in Guangdong province in 1890. The European merchants who started arriving in the early 16th Century went to China to buy silk and porcelain. Their Chinese partners wanted silver, preferably these large European-style silver coins. Officially, China’s currency is the renminbi, which literally means “the people’s currency” in Mandarin.

A wide range of businesses, like stock brokerage firms, investment banks, and hedge funds are eager to utilize the insights that your expertise in technical analysis can provide. This gives you greater choice and opens you up to desirable employment opportunities. Whether it’s the broad financial expertise of the CFA or the market precision of the CMT, your certification is your launchpad to success.

Chartered Market Technician (CMT): Definition and About the Exams

The choice is yours, make sure to go with the most reliable one to crack the exam with a good score. Level III of the CMT exam measures the candidate’s ability to integrate the body of knowledge from the first two exams. The exam is organized into groups of questions combining two or more of the topic categories. Each group contains three to seven questions, both multiple-choice and short answer, that require you to state and justify your analysis. Level II of the CMT exam covers the application of the concepts and techniques of applied technical analysis.

Apart from the study material provided by the institute, you can also look for the mock tests and doubt solving sessions for the course you are preparing for. This way, you can get great value for your money and appear in the exam with utmost confidence. For study material, you can either go for a study center for CMT in your city or if there aren’t too popular MCT training centers in your city, the best way to arrange the stuff is to join the online communities. The MTA suggests the students to complete 100 hours of study for the level 1 exam, 140 hours for the level 2 exam, and 160 hours for the third level.

Third-party test providers approved by the CMT Association are available to help candidates prepare for the exam but the official CMT curriculum is recommended first. The primary focus of the exam is the practical and ethical application and integration of technical analysis. Once a candidate successfully completes the first level, there is no time limit imposed to pass the subsequent levels.

1. If you register to take the exam remotely with ProProctor and your remote proctor determines your room or workstation does not meet the requirements, your exam fees will be forfeited.
2. In contrast, the full form for CMT is Chartered Market Technician, and aspirants with this degree can apply for jobs in risk management, behavioral finance, inter-market analysis, etc.
3. They must be proficient in more advanced technical analysis techniques and theory.
4. CFA is a highly competitive certification program meant to help professionals develop expertise in specialized areas of finance, including investment management, financial analysis, equity research, and portfolio management.
5. Still, there are numerous such certifications afloat, and it would not be wise without reviewing them for credibility and the kind of learning opportunities offered before making a choice.

Chartered Market Technician is a renowned certification program managed by the Market Technician Association (MTA), USA. This is a globally recognized certification program for Chartered Accountants that not only lets them cmt salary in india gain the better capability to do the technical analysis but also enhances their salary by many folds. In the article, we will be talking about CMT certification in detail and will help you know whether you should consider doing it after your bachelor’s degree or not. Also, we will be talking about the career opportunities that you can avail after completing the certification. So, whether you are a graduate with Finance or accountancy, or working as a chartered Assistant, this article will e extremely beneficial for you to know about the certification. Administered by the CMT Association, it requires candidates to pass three levels of exams that delve into technical analysis tools, market theory, and risk management.

On the other hand, CMT focuses more on technical analysis, making it the best fit for those interested in entering a work profile closely linked with quantitative finance. Still, CFA is on a completely different level and is comparatively broad-based, making it more relevant for candidates looking to explore opportunities in varied areas of finance. CMT is rather limited in scope but offers a strong foothold within that context and helps validate the capabilities of professionals while opening up work opportunities related to quantitative finance in the global industry. Chartered Financial Analysts (CFA) institute offers the CFA Charter, acclaimed as the gold standard of financial analysis and investment management. In addition, CFA offers validation of expert capabilities in finance and enhances career prospects for professionals.

Difference Between CFA and CMT

Discover how becoming a CMT can set you apart as a technical research analyst and help accelerate your career. Its practitioners attempt to understand and benefit from market behavior through a disciplined study of price and volume movements and the law of supply and demand. The CMT Association (formerly the Market Technicians Association) is a global credentialing body with nearly 50 years of service to the financial industry. If you register to take the exam remotely with ProProctor and your remote proctor determines your room or workstation does not meet the requirements, your exam fees will be forfeited.

Frequently Asked Questions

Ideal for those aiming at high-caliber careers in investment banking, portfolio management, or financial advisory, the CFA charter is a pivotal step towards achieving excellence in the financial domain. For the CMT Level I exam, the CMT Association recommends 100 hours of study time. For Level II and Level III, 140 hours and 160 hours are recommended, respectively.

It’s highly respected by financial professionals, especially those in the trading and investment communities. CFA charterholders often pursue careers in portfolio management, investment banking, financial analysis, and risk management. The CFA focuses on comprehensive finance knowledge, ideal for roles in investment and portfolio management.

Program Costs

In all, the CMT certification can easily create a range of job portfolios that can fit in. Additionally, you can work with a top-notch finance firm to get a heavy amount of salary. So, if you are looking for knowledge or after a good salary, CMT certification can do this for you. We will suggest that even if you are enrolling in a local training center for clearing the MCT certification, you should consider finding the online study material for the certification.

In financial markets, EOD refers to the end of the trading day when the market closes. This is a significant time for traders and analysts as it marks the cutoff for the day’s trading activities and the finalization of daily market data. In informal communications, such as chat and text messages, EOD is used to specify when a particular task or activity should be completed.

Sturdy Business

This is especially true when working with business partners across countries and time zones. When a guy uses the term EOD, it could imply different things depending on the context. It could mean the same as when a girl uses it, referring to the end of the workday or a task deadline. However, it could also have some additional meanings or intentions when used by a guy. EOB or “end of business” has literally the same meaning as COB or EOD.

It was great chatting with you earlier today about our marketing conference schedule for the year. Please send me your finalized projections by EOD (end of day) tomorrow, Eastern Standard Time. USA TODAY is exploring the questions you and convert australian dollars others ask every day.

From “What is a cover letter?” to “How much money do you need to retire?” to “How to create folders in Gmail?”, we’re striving to find answers to the most common questions you ask every day. Head to our Just Curious section to see what else we can answer for you. You can also use the modified version “EOW”, which means “end of week.” This form is used in the same way. The only difference is the time frame switches from day to week. COB can also be used more broadly to describe the end of the workday or work week.

EOD vs EOB Meaning

For remote teams, it’s crucial to specify the time zone and communicate EOD expectations clearly. Tools like shared calendars and time zone converters can help. For example, “Let’s have the meeting notes finalized by EOD GMT” ensures clarity across different regions. EOD date refers to a specific date by which tasks or activities should be completed.

What does EOD mean in a business context?

For example, “Let’s finalize the plans by EOD” sets a clear deadline for the conversation. If you’re working with a client who hasn’t specified a deadline and is in a different time zone, it’s good practice to give a clear deadline for delivering your product or service. COB works better technical analysis of australian dollar here as the recipient can convert the deadline to 5 pm EST according to their time zone. COB refers to the end of the business day according to the Eastern Standard Time (EST) in the United States, usually 5 pm EST.

1. For professionals navigating the world of commerce, understanding what “cob refers to” can be crucial.
2. Since that is the case, while being used, some of them sort of mixed with each other and created new abbreviations, which are all basically the same.
3. This makes it essential to know what each acronym means and how to use it.
4. EOB stands for “end of business,” a phrase that has the same meaning as “close of business.” In other words, the time when a company closes its doors at the end of the day.

For instance, “The project deadline is EOD June 30th” means the project must be finished by the end of June 30th. Today’s best penny stocks to buy now business environment spans multiple time zones and different countries, and communicating well is essential to avoid confusion. The acronym EOD can be used in many different sentences in the English language. Using different acronyms in a sentence is a great way to memorize their definition and solidify them in your vocabulary. You can also try making flashcards or quizzes to test your knowledge.

Time Zone Differences

The key difference between COB and EOD is that EOD may represent a non-business day. As all the employees have the same working hours, the COB will refer to the close of the mentioned business day. If your boss, manager, or co-worker has used the term COB in the email, they want you to take action before the end of the mentioned business day.

COB can be a neutral time for both parties to submit work or schedule a meeting. Because most professionals regularly use COB as a well-known acronym, it makes sense. When a girl uses the term EOD, it typically means the same thing as when a guy uses it.