Weeks Review into W/C 6th June 2022
Week Ahead Highlights: ECB and US CPI Out this Week This week features the much-awaited ECB meeting (Thursday) and important US CPI inflation figures (Friday). Besides that, we will follow the US University of Michigan Consumer Confidence survey (Friday) and policy meetings in Australia (Monday), Poland (Tuesday), and Russia (Friday). We will also pay close attention…
TPOs, Non-Excess Extremes and Profile Ledges
What is a TPO? On a market profile chart, a TPO is a graphical representation of a unit of time that usually represents 30 minutes. Each price traded during a 30 min TPO unit is printed as a histogram-style representation of the day’s trading activity. As each letter (TPO or a block) is printed against the price axis and…