The Traderszone Network

The Dow did something strange and wonderful today on its intraday chart:

A perfect symmetric triangle pattern!  But one with really strange jumps up and down throughout.  Truly fascinating.  Usually Symmetric Triangles are “Continuation” patterns, which typically break in the direction of the trend prior to their formation.  But the Dow has been moving sideways for several days now so I’m not sure what this would be a continuation of.

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Getting a college degree may make you a better saver
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Bank of Japan Governor Kuroda speaking at the FinTech Conference in Tokyo
Full text is here
Kuroda’s speech is titled: Information Technology and Financial Services

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– Households have inflationary mindset
– Households expect to spend less due to stagnant income
– negative rates have not reduced household inflation bias
– BOJ should keep 2% target as long term goal

Forex news for Asia trading Tuesday 23 August 2016
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It was a day that never really seemed to get started. Early moves were very subdued indeed, with the only interest coming out of New Zealand, where at 2100GMT Governor Wheeler of the Reserve Bank of New Zealand delivered a speech in which he watered down further easing expectations somewhat. See the bullets (above) for more detail, but in brief Wheeler indicated that while there is more easing to come he is not going to be rushed into it.

Despite signs that Donald Trump may be softening his rhetoric on the issue that catapulted him to political prominence — cracking down on illegal immigrants — the Republican presidential nominee said Monday that he wasn’t waffling and reiterated his commitment to strict anti-immigration measures.
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