The EUR/USD is building a bearish reversal. Price is making a bullish ABC zigzag in wave 2 after completing 5 bearish waves in wave 1. The GBP/USD is in a range and the breakout is key. But a bearish reversal also seems to be the main scenario.

EUR/USD & GBP/USD Overview

The EUR/USD is testing the Fibonacci retracement resistance levels of the wave 2. A bearish bounce and breakout could confirm a reversal.

The GBP/USD remains choppy. The trend lines are key for a breakout north or south.

Check out the video below for the full analysis and trade plans on 29 May - 4 June 2021: 

EUR/USD, GBP/USD technical analysis: patterns, trends, key S&R levels.

JPMorgan Chase CEO Jamie Dimon has given personal advice to investors regarding investing in cryptocurrencies, like bitcoin. He said that his own personal advice to people is to “stay away” from cryptocurrencies. However, his bank, JPMorgan, will not stay away as clients want exposure to this asset class.

The stock outperformed some of its competitors Wednesday, as Microsoft Corp. MSFT,

Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.

Nevertheless, projects which are located within the urban areas such as metro-rail projects, building construction etc. are likely to feel a greater impact due to localised restrictions and reverse migration of labour.

According to an order released by the chief secretary-cum-Chairperson Vijay Vardhan, no lockdown would be imposed in Gurugram and Faridabad. "Work-from-home should be followed, amid rise in covid infections," he said.

The last five years have been mostly disappointing for quant investment managers, mediocre and inconsistent profits while stocks soar. But starting around six months ago, many quant strategies have delivered performance as good as any times in their histories. Is this a return to the good old days of consistent quant profits or a few lucky months to draw in return-chasing investors?

It’s important to understand that quant is not an asset class. Quant managers look for the same things qualitative managers do, and are exposed to the same market forces. Value managers, whether quant or qual, will do well when value is rewarded in the market, and badly during bubbles when the most overvalued stuff goes up the fastest. The same is true of quant macro, quant arb, quant momentum and other strategies.

The difference is the qualitative manager might pick dozens of undervalued stocks through careful fundamental analysis and some rough calculations to avoid...

With Advent of Retail Trading Alexa Morales Explains Why Java Has Never Been More Popular in the Decade Old Bull Market

With the advent of retail trading and a bull market running for more than a decade now, the stock market has never been more popular. In fact, according to Bloomberg Intelligence, retail investors now dominate US equity markets, nearly accounting for as much volume as mutual funds and hedge funds combined. There’s also interest in so-called meme stocks, thanks in part to the WallStreetBets forum on Reddit and the recent attempt at a short squeeze on the struggling retailer GameStop.

The career prospects for quants and financial engineers are soaring. Prestigious Master of Financial Engineering degree programs churn out new generations of technologists wielding the programming tools to make their trading algorithms shine. Let’s not forget the pandemic-driven market crash of early 2020, either. That proved the...

BitQT Review it's finally out! BitQT is an automated web-based Forex and cryptocurrency trading platform, that provides forex and cryptocurrency signals based on market volatility and fundamental news. This System is using an advanced AI HFT trading algorithm, which allows the software to send incredibly precise forex trading signals to the user.

BitQT claims to have one of the best if not the best algorithms in place to provide and give users the satisfaction of making money by simply clicking a few buttons. Although this might sound too good to be true, we personally tested the BitQT software and it's currently performing outstandingly well.

We have placed only a couple of trading signals since it just recently launched, but all of these signals were profitable, I am starting to think this could be the Christmas miracle that we all have been waiting for this year!

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There’s quite a bit to chew on in this week’s storage digest, from Seagate’s gaming battlestation light shows and migration from one Enterprise Vault target to another, to some capacity analysis news from Tintri.

Does the world really need more MBA rankings?

Fortune, the old, venerable media brand, apparently thinks so.

Today (April 26), Fortune entered the rankings game with a list of online MBA programs, part of an ambitious effort to expand coverage in the higher ed space, a field that Fortune has never devoted any real attention to over its many years as a business media brand. A ranking of full-time MBA programs is planned for this summer.

Latecomers to any new product or service generally are expected to build a better mousetrap, or in other words to add real value to the market. If this first ranking is any indication, Fortune looks more like the mouse stuck in the trap. Based on the measuring sticks the magazine is applying to online MBA offerings, it is apparent that the brand is out of its depth, lacking an understanding of the business education market as well as how to construct a credible ranking. Sure, all rankings are imperfect, even flawed, but...

The firm has also announced plans to increase its focus on the US market, which accounts for over 70 per cent of the estimated USD3.6 trillion hedge fund industry. One third of all hedge funds globally are estimated to incorporate quantitative strategies and could benefit from SIGTech’s technology.

To support SIGTech’s geographical reach, Josh Diamant and Alex Calliol have joined the sales team. Both Josh and Alex have vast knowledge of quant technology and fintech that will add to SIGTech's local expertise in the US, UK and Europe.

Josh Diamant joins as Sales Director for North America and is the firm’s first US-based hire. Previously with Numerix, he sold quantitative and risk solutions to banks, hedge funds and asset managers and has also worked at a number of banks including Mitsubishi Securities, Barclays and MF Global. He graduated from the University of Michigan Ross Business School with high distinction.     

Alex...

Bala, makers of aesthetically pleasing wrist-and-ankle weight bracelets, now makes Bala Beam, a weighted bar that looks similar to an EZ curl bar. Unlike the EZ curl, which can be used with weight plates, the Bala Beam is meant to be used on its own and designed for movements like squats, curls, and presses. The bar itself weighs 15 pounds, about 10 pounds lighter than your typical EZ curl, and is made from silicone-wrapped stainless steel.

SEOUL (BLOOMBERG) - In the unfathomably fast realm of high-frequency trading, a South Korean start-up's plan to build a microchip that speeds markets up by a few microseconds is bound to get some attention.

The company, Rebellions Inc, was set up six months ago in Seoul by Park Sunghyun, who used to work as a quant developer at Morgan Stanley in New York, with two partners. The chip they're developing aims to run artificial intelligence more efficiently, which could cut precious millionths of a second off the reaction times of automatic-trading machines.

That's a bold claim in the absence of a completed prototype, but fitting for a company named Rebellions because Mr Park wants to disrupt the industry like the French Revolution upended the European country more than two centuries ago.

SIFMA and key securities exchanges/self-regulatory organizations (SROs) have settled a big disagreement over the liability for data breaches that may occur via the Consolidated Audit Trail (CAT) big data market surveillance initiative.

As envisioned, the CAT data repository of securities transaction data would enable regulatory surveillance via “an extensive audit trail that will capture customer and order event information for orders in exchange-listed securities across all U.S. markets, from the time of order inception through routing, cancellation, modification or execution, in a single, consolidated source,” according to CAT LLC officials.

However, the CAT initiative has hit several stones in the road since its inception. Most recently, due to the COVID-19 pandemic, broker-dealers and SROs have gotten the SEC to grant deadline extensions for the reporting chores of the CAT effort.

And, in the meantime, SIFMA, a major trade association for the...

Earth Day 2021 is the 51st year for the event on April 22nd. The last year has been a roller coaster ride for the planet due to the pandemic; some things improved for the environment as human activity slowed for an extended period of time and some things are growing problems like all the extra trash that is being generated with no place to go.  (Really, people...if you are going to use the paper masks at least put them in the trash can...the ground is NOT where they or any trash go.)

In 2021 Maine has some events planned to help remind us how amazing our state is and what nature holds for us. This month, several virtual workshops are happening this month, including one on...

With extended deadlines and test waivers, business schools experienced a surge in MBA applications amidst the COVID-19 pandemic.

For many applicants, the degree offers exclusive access to an expansive alumni network and better salary and job prospects. However, the surge in MBA applications during COVID-19 also means a more competitive application year. Andrew Jack, of Financial Times, spoke to admissions experts and alumni at top B-schools such as London Business School and the University of Chicago Booth School of Business what a successful MBA application looks like.

THOROUGH RESEARCH

Experts say fit is one of the key aspects that admissions officers look for in applicants. An application that appears templated often can do more harm than good.

“Don’t make the mistake of using the same application and trying to retrofit it. Different schools have very different cultures which will dictate your experience,” Tarini Sundar, a Kellogg MBA, tells...