Market

Sentiment

A tool that gauges market sentiment by analyzing social media, news, and other factors for trading insights.

Open tool

Heat Map

A visual representation of market data using colors to show relative strength or weakness across assets.

Open tool

Correlations

A tool that measures the statistical relationship between different assets to identify potential correlations and diversification opportunities.

Open tool

The sentiment tool, heat map tool, and correlations tool are essential instruments for traders, offering valuable insights into market dynamics and aiding in decision-making. The sentiment tool helps traders gauge the overall market sentiment by providing information on whether market participants are bullish or bearish. By understanding the prevailing sentiment, traders can align their strategies accordingly, either by following or contrarian to the market sentiment. The heat map tool visualizes the performance of various assets or markets, displaying color-coded representations based on their relative strength or weakness. This tool allows traders to quickly identify opportunities or sectors that are outperforming or underperforming, enabling them to make informed trading decisions. Additionally, the correlations tool assists traders in understanding the relationships between different assets or markets. By analyzing correlations, traders can assess the impact of one asset’s price movement on another, helping them diversify their portfolios effectively and manage risk. Understanding correlations can also aid in identifying hedging opportunities and optimizing trade entries and exits. Overall, the sentiment tool, heat map tool, and correlations tool are indispensable resources for traders, providing real-time market insights, highlighting relative performance, and facilitating informed decision-making.

What is sentiment analysis in trading?

Sentiment analysis in trading refers to the process of evaluating and interpreting market participants’ sentiment or emotions towards a particular asset, market, or event. It involves analyzing data from various sources, such as news articles, social media, surveys, or sentiment indicators, to gauge whether market sentiment is bullish (positive), bearish (negative), or neutral.

Learn Trading

m003t0637 h financial research data analyze 06oct 22 removebg preview

What is a heat map in trading?

In trading, a heat map is a visual representation of data that uses color-coding to highlight the relative strength or weakness of various assets, sectors, or markets. Heat maps provide a quick and intuitive way to identify patterns, spot outliers, or compare the performance of different assets or securities within a specified timeframe.

Learn Trading

What are correlations in trading?

Brokers Ranking

Correlations in trading refer to the statistical relationship between two or more assets or markets. A positive correlation indicates that two assets move in the same direction, while a negative correlation indicates they move in opposite directions. Correlations help traders understand how different assets or markets influence each other and can be used to diversify portfolios or identify trading opportunities.

Last News

Bulk of rise in forex reserves in Q1 due to gold, BFSI News, ET BFSI

Jul 9, 2024

Gold accounted for 69 percent of reserves pile-up for the Reserve Bank of India during the April-June quarter benefitting from both volumes in terms of gold purchases and valuation gains due to price rise.Reserve Bank of India added $5.6 billion to its stock of...

Oracle and Palantir Collaborate to Enhance Cloud and AI Capabilities

Jul 9, 2024

Oracle and Palantir have entered into a collaboration to enhance cloud and artificial intelligence (AI) capabilities. According to oracle.com, Palantir’s Foundry Platform and Artificial Intelligence Platform (AIP) are now certified on...

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2785; (P) 1.2815; (R1) 1.2838; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.2845. Further rally is expected as long as 55 4H EMA (now at 1.2743) holds. Firm break of 1.2859 will resume the rally from 1.2298 and target...

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8954; (P) 0.8966; (R1) 0.8987; More… Intraday bias in USD/CHF stays neutral for the moment. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to...

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Intraday bias in USD/JPY stays neutral at this point. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of...

Euro Shrugs as Investor Confidence Tumbles

The euro is showing little movement on Tuesday. EUR/USD is trading at 1.0819, up 0.05% on the day. The eurozone Sentix Investor Confidence index resumed its losing ways on Monday. The index slid to -7.3 in July, after a 0.3 gain in June. Prior to the June reading, the...

NZD Edges Lower Ahead of RBNZ Decision

The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6115, down 0.16% in the European session at the time of writing. The New Zealand dollar looked sharp last week against the slumping US dollar, climbing 0.88%. Reserve Bank expected to hold rates...

Fed’s Powell highlights risks beyond elevated inflation

In his prepared remarks for the semiannual testimony to Congress, Fed Chair Jerome Powell reiterated that it is not appropriate to cut interest rate until there is “greater confidence” that inflation is moving sustainably toward 2%. Nevertheless, He noted that recent...

Sunset Market Commentary – Action Forex

Markets European markets were captured in an indecisive trading pattern yesterday, in the wake of the surprise win of the left alliance in the French elections. Spreads of France (and other peripheral EMU countries) initially tightened marginally as none of the...

Markets Await Fed Powell’s Insights, RBNZ on Deck

As US session kicks off, Dollar is trading mildly higher, with traders eagerly anticipating Fed Chair Jerome Powell’s two-day semiannual testimony before Congress. The key questions looming over the markets are whether the Fed will initiate interest rate cuts in...

Australian Dollar Drifting After Mixed Confidence Data

The Australian dollar continues to show little movement this week. AUD/USD is trading at 0.6638 in the European session, up 0.02% on the day. Australia released mixed confidence indicators earlier today while there are no US economic releases. Federal Reserve Chair...

Gold Technical: Further Drift Down in 10-year UST Real Yield Supports Bullish Narrative in Gold

Recent rebound in WTI crude has remained below US$90/barrel which in turn led to a softening of inflationary expectations via the breakeven rates. A further downward drift in the 10-year US breakeven rate may a further drop in the 10-year US Treasury real yield. Lower...

Small Business Owners: Optimize Your Taxes with a Mid-Year Check-In

It’s official: we’re more than halfway through the year. Time flies, but don’t let your taxes sneak up on you. If you’re a small business owner, now is the perfect moment for a mid-year tax check-in. This isn’t just a routine task—it keeps your business on track and...

Are Olympics Winnings Taxed? – Intuit TurboTax Blog

When you think of the Olympics, you probably think about the prestige of competing on the world stage. These athletes, having trained for most of their lives, get a chance to showcase their abilities to the world. For many, it is the apex of athletic achievement. As...

IRS Name Changes for Businesses in Just a Few Steps

When you file taxes, the name on your tax return has to match your Social Security number (SSN) or employer identification number (EIN). The IRS checks this information to verify your identity. If you’re considering changing your name or the name of your business, you...

What are Alston Awards and the Tax Implications?

By now, you have probably heard that high school and college athletes can use their Name, Image, and Likeness (NIL) to make money while playing college sports, but there is a second form of compensation for NIL athletes called Alston Awards. You may be wondering,...

14 Money Management Tips for Beginners

Anyone can improve their finances by taking them seriously and making informed decisions. Conducting a financial check-up on yourself every six months can help you stay on track and prevent problems before they get out of control. Once you complete your semi-annual...

First Time Investors, Here’s What You Need To Know About Taxes

The number of people investing in stocks has increased over the years, especially when it comes to Millennials and Gen Z. Investing for your future or retirement is important, but the tax implications can often be unpredictable. Here are some helpful tips to guide you...

Tax Filing Tips for Bloggers

Welcome to our tax filing tips blog specifically designed for bloggers! Understanding the various ways you can earn income from blogging and determining your eligibility to deduct business expenses are crucial steps to filing an accurate tax return. Whether you’re a...

The Difference Between a Tax Credit and a Tax Deduction

Tax deductions and tax credits both reduce your overall tax burden, but do so in different ways. Because they both save you a significant amount of money on your taxes, it is important to take advantage of all the eligible deductions and credits available to you....

QBI Deduction: What It Is & Who Qualifies for This Write-Off

The qualified business income (QBI) deduction — also called the “Section 199a deduction” — is one of the many write-offs available to lower your tax bill and save money as a business owner. When you file business taxes, you may be eligible to deduct a portion of your...

How to Boost Your Back-to-School Savings

If you’re looking to mitigate back-to-school shopping costs, you might want to consider taking advantage of the”tax-free weekend” offered in many states. Let’s take a look at how these weekends work, which states offer them, and what type of purchases are eligible....

Bulk of rise in forex reserves in Q1 due to gold, BFSI News, ET BFSI

Jul 9, 2024

Oracle and Palantir Collaborate to Enhance Cloud and AI Capabilities

Jul 9, 2024

Read All News