State pension: Receive the Adult Dependency Increase? You need to take note of this date

BASIC STATE PENSION is a version of state pension that can be received by people born before certain dates. For people who will be or are receiving this pension it may be possible to also receive an additional payment called the Adult Dependency Increase if they have a spouse or partner who is a dependent. However, this additional payment will be scrapped very soon.

TV licence row: Scrapping free BBC licences will spark ‘chaos’ for pensioners – warning

PENSIONERS will be dragged through the courts amid confusion over TV licences, campaigners said last night. MPs, peers and charities warned there was no way the BBC could discover who was eligible to pay – with just 100 days to go until most over-75s lose their free perk.

Trading Price Patterns

Trading Price Patterns

Advanced Price Pattern Scanner and Price Breakout Pattern Scanner are the powerful tools to trade with Price Patterns. To improve its trading performance, you might use other technical indicators to assist your trading decision. However, you can also use Peak Trough Analysis tool together.

I use this Peak Trough Analysis  together with Advanced Price Pattern Scanner and Price Breakout Pattern Scanner. I basically try to find the intersection or overlapping of the patterns detected by indicator and by peak trough analysis.  This approach hybridizes the price pattern trading. This approach can help to detect the true breakout direction.

Here is the download link for the free Peak Trough Analysis Tool for MetaTrader 4 and MetaTrader 5. They are absolutely free. Make sure to spend some time on Peak Trough Analysis tools to get comfortable with them.

(21 February 2020)DAILY MARKET BRIEF 2:PMI data in focus.

News is discouraging, but the US surveys show no evidence of spillover from the coronavirus outbreak. Yesterday’s data showed that the Philadelphia manufacturing index not only rose unexpectedly but also pointed at a three-year high of 36.7 in February, versus 10.1 expected by analysts and 17.0 printed a month earlier.

The US dollar gained more strength on the back of solid economic data, which has been diverging from data released elsewhere in the world.

One explanation is that, there may be a certain disconnect between sentiment and reality in the US, hence even the US hard data could come as a bad surprise in the coming weeks and take some shine off the positively diverging US dollar. For now, the US dollar index is challenging the 100 level.

In Europe, German producer prices jumped 0.8% in January, versus 0.1% expected by analysts and printed a month earlier, but the consumer index reminded that sentiment in Germany remains sour, mostly due to coronavirus worries.