Terminology forex : W

Weak Shorts

Refers to the group of investors who hold a short position and are quick to exit their positions at the first sign of strength in the underlying asset. This group of investors look to capture the gain on a move lower, but they are usually unwilling to take on as much as rick as other investors.











Westpac Consumer Confidence

Release Schedule : 0:30 (GMT); monthly
Source of Report : Australian Industry Group

Web Address : http://www.unimelb.edu.au/

Address of release : http://melbourneinstitute.com/research/macro/csi.html





















Slang for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.















World Bank

The World Bank is a group of international financial organizations around the globe aimed provide assistance to its 187 member countries. The World Bank was formed after World War II to help devastated Western European countries and provide them with capital.
As it grew, the World Bank has expanded to include other developing nations. Now, its basic goal is to combat poverty by providing member countries with sound financial advice, loans (such as low or no interest loans), and research.















Westpac leading Index

The Westpac Leading Index measures the growth of a composite index which includes nine (9) different economic barometers of Australia. The composite’s components are related to consumer confidence, housing, stock prices, money supply, and interest rate spreads. A coincident index, which measures the current activity, is also reported.


It is a tool that indicates the likely shape of the Australian economy’s health three to nine months ahead. A rise in the index points to a probable improvement in the country’s economic activity. Conversely, a decline in the figure suggests a likely downturn in the economy.

It can also be used as a good indicator of business economic cycle turning points.

Market Impact The report’s result does not have much short term impact on the movement of the AUD as most of the measured indicators are already issued prior to the composite’s release.



















Wedges are a chart pattern used in technical analysis. A wedge is formed by taking two trendlines for the price behavior of an asset over time. If the trendlines converge–if, over time, the slope of the high price trendline exceeds the slope of the low price trendline, or if the slope of the low price trendline exceeds the slope of the high price trendline–then the pattern is a wedge, so named due to its wedge-like shape.There are two major types of wedges: rising wedge and a falling wedge. Rising wedges most commonly appear during a general downtrend in price, and represent a temporary reversal in the trend. Falling wedges most commonly appear during a general uptrend and represent the same reversal. Depending on which direction the price moves when it breaks through the lines of support and resistance established by the pattern, wedges generate either a strong buying or selling signal: a buying signal is generated if the prices break the upper resistance trendline, and a selling signal is generated if the prices break the lower support trendline.The interpretation of a wedge depends on whether the wedge is moving with or against the current trend. If a wedge is moving with the current trend, traders consider this a signal that the trend will reverse at the wedge’s conclusion. Conversely, if a wedge is moving against the current trend, the indication is that the trend will continue as it is.


Types of Wedges

Falling Wedge
Rising Wedge

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