Timing of Fed rate hike not that pivotal, says Evans

Federal Reserve Bank of Chicago President Charles Evans hinted at two interest rate hikes this year if figures continue to be aligned with his outlook. However, the Fed official reiterated the timing won’t prove to be significant, provided it will be priced at lower than 1% this year. Still referring to timing, he emphasized the […]

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BHS downfall spells public distrust of UK business

A business leader reiterated former BHS owners committed lamentable failures that resulted in the retailer’s downfall, igniting public skepticism. Institute of Directors head Simon Walker said Philip Green holds a moral obligation to the company’s workers. He added the closure of BHS can greatly dent the reputation of British entities. Green is slated to air […]

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Stock Market Movies Which Ring True

From the desk of Charlotte Day, Head of Content and Social Media Marketing, easyMarkets For those of you looking to embark upon a career in trading the stock market there are lots of movies out there to get you in the mood. While the quality of these movies varies somewhat, you will find most of […]

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Small Cap Value Report (3 Jun 2016) – GOAL

Good morning!It’s a very unusual day today – there are no results or trading updates at all, in my universe of stocks. That’s rather handy actually, as I’m off on a jolly today – I’m visiting English wine producer, Chapel Down. Their shares are listed on ISDX – I reviewed recent results here on 22 Apr […]

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Small Cap Value Report (3 Jun 2016) – GOAL, SVS, SEA

Good morning!It’s a very unusual day today – there are no results or trading updates at all, in my universe of stocks. That’s rather handy actually, as I’m off on a jolly today – I’m visiting English wine producer, Chapel Down. Their shares are listed on ISDX – I reviewed recent results here on 22 Apr […]

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Technical analysis of USDX for June 3, 2016

The Dollar index is trading sideways near its highs inside a trading range of 96-95. With Non-Farm Payrolls announced today, I expect the index to break out of this trading range. Blue lines – bullish channel The Dollar index has broken out and below of the bullish channel. The price reached cloud support and bounced […]

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Technical analysis of Gold for June 3, 2016

Gold is trading above the $1,200 area and has made a double bottom at $1,206. Breaking below this level will push the price towards $1,190. Upside targets are $1,230 and $1,260. We are close to a bullish reversal. Gold has already bottomed or is very close to making an important low. Black line – long-term […]

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Argentina issues $599 million in local bonds

Argentina’s Finance Ministry said the country on Thursday issued $599 million in dollar-denominated 91-day and 182-day treasury bonds, locally known as Letes. Argentina reverted to global debt markets and paid off ‘holdout’ creditors in April, 14 years after a sovereign debt default triggering an exit of investors and a wave of lawsuit. Just two weeks […]

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U.S.-based stock funds post fifth straight week of withdrawals

Data from Lipper on Thursday revealed that investors withdrew $776 million from U.S.-based stock funds in the week ended June 1, posting fifth successive week of fund withdrawals. The data showed that Taxable bond funds suffered $497 million in outflows during the same period, after two straight weeks taking money in. Relatively low-risk money-market funds […]

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Magellan suspends service on Houston-area refined products pipeline

Petroleum pipelines-owner Magellan Midstream Partners halted its service on its Magellan South refined products pipeline system in Houston as a safety precaution, as flood hit the area, a company spokesman said via email. The spokesman said the affected section runs from East Houston to Frost, Texas. Magellan’s Houston-area pipeline system transports gasoline and diesel to […]

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Japanese Investigators Conduct Suzuki Motor Raid

Suzuki Motor’s headquarters was raided by Japanese investigators to further probe the car company’s improper and false economy fuel tests. Investigators were verifying Suzuki’s claims of using data gathered from indoor tests performed on each part, rather than the standard vehicle coasting tests. The controversial tests involve 14 branded models and 12 models that are […]

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BP to pay $175 million to settle claims

BP Plc is set to pay $175 million to settle claims by U.S. investors that the oil company lied regarding the scope of the 2010 Oil Spill in the Gulf of Mexico. They claimed that the oil company gave them misleading information regarding the magnitude of the oil spill to protect the company’s interests. The […]

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Bullet Report | USD Recovers as Focus Turns to Non-Farm Payroll

Today’s calendar is highlighted by Non-Farm Payrolls which is expected to show 170k growth in May with unemployment rate unchanged at 5%. Today’s announcement is very important as the continuous communication from FED members indicated a very high probability for  rate hike in June/July, so if the news reveals slower employment growth, this might stop […]

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Technical analysis of USD/JPY for June 03, 2016

In Asia, Japan will release the Average Cash Earnings y/y, and the US will release some economic data such as the Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So there is a probability the USD/JPY will move with medium to high […]

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Technical analysis of AUD/NZD for June 03, 2016

1.0590 is a major fibonacci projection level and also a graphical support level seeing how the price has bounced off it twice forming an impending double/triple bottom formation. This is in line with our AUD strength we’re expecting (see AUD/USD analysis) as we expect a bounce from here. 1.0625 is the 23% fibonacci retracement (+ […]

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Technical analysis of USD/JPY for June 03, 2016

USD/JPY is expected to trade in a bearish bias. Overnight, US stock indices recorded another stronger session while volumes remained muted. The Dow Jones Industrial Average rose 0.3% to 17838, the S&P 500 advanced 0.3% to 2105, and the Nasdaq Composite was up 0.4% to 4971. Healthcare, pharmaceutical and biotech shares were market leaders. On […]

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Technical analysis of USD/CHF for June 03, 2016

USD/CHF is likely to trade with a bullish outlook. The pair bounced off its major horizontal support at 0.9865 and is expected to post further advance. Additionally, the 20-period moving average has crossed above the 50-period one, calling for further upsides as well. As long as 0.9865 is not broken, we are positive and expect […]

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Technical analysis of NZD/USD for June 03, 2016

It is expected that NZD/USD extends its upside movement as the bias remains bullish. The pair remains positive on an intraday basis. A strong support base at 0.6770 (since June 1) has formed and allowed for a temporary stabilization. Besides, a bullish cross is identified between the 20-period and 50-period moving averages. Further upside is […]

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Technical analysis of GBP/JPY for June 03, 2016

GBP/JPY is expected to trade with a bearish bias. The pair remains on the downside and is looking for a lower bottom. The relative strength index has been capped by a negative trend line since May 30 and lacks upward momentum. As long as 158.75 is not broken above, target 155.90 as the next support. […]

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Technical analysis of EUR/USD for June 03, 2016

When the European market opens, some economic news will be released such as the Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release economic data too such as the Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Trade […]

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Daily analysis of major pairs for June 3, 2016

EUR/USD: The price action on this pair reveals that it is logical to sell transitory rallies in the market. The outlook is bearish: the EMA 11 is below the EMA 56, and the Williams’ % Range period 20 is sloping into the oversold region. This shows the presence of disgruntled bears, who are bent on […]

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Daily analysis of USDX for June 03, 2016

The index recovered from Wednesday’s losses and is now looking to do a consolidation back above the 200 SMA. It could break the resistance zone of 95.68. If a breakout happens above it, then we can expect another rally to possibly reach the 96.03 level, and the index could ride a bullish bias in coming […]

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Daily analysis of GBP/USD for June 03, 2016

The pair is still finding support around the 1.4408 level, which remained solid after BoE Governor Carney’s speech during yesterday’s session, and eventually it could do a rebound toward the 1.4464 level. If a breakout happens above it, then it can rally to the 1.4540 level, where the 200 SMA on the H1 chart is […]

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Chinese services PMI plunges in May

Official figures showed China’s service sector descended in May, attributing it to lower output among manufacturers, slow orders, and minimal job creation. Caixin reported purchasing managers’ index declined to 51.2 this month from 51.8 in April. Numbers reflected the government’s services index issued earlier, which decreased to 53.1 in May from 23.5 last month. Markets […]

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OPEC retains production limit, positive on oil markets

The Organization of the Petroleum Exporting Countries voted to maintain its output limit, but ministers were upbeat crude markets around the globe are improving. Iranian minister Bijan Zanganeh emphasized no tension surfaced during the convention, citing calmness and unity among member states. However, disaccord between Saudi Arabia and Iran has remained due to their escalating […]

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Apple Services Resume after Two-Hour Outage

Some of Apple Inc.’s services including its Apple Store experienced a two-hour outage on Thursday. Services resumed after the outage, but some services connected to iCloud and photo applications are still unavailable to several users. Apple’s U.S. support page provided a timeline that showed that the issues started to manifest at around 4 p.m. U.S. […]

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Daily analysis of Gold for June 02, 2016

Overview The gold price retested the previously breached resistance line of the falling wedge that met the key support at $1,205.80. The price succeeded to hold above this level rebounding bullishly in attempt to resume the bullish trend on an intraday and short-term basis. The price is supported by stochastic positivity that appears clearly on […]

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Daily analysis of Silver for June 02, 2016

Overview The silver price steadily fluctuates above the key support at 15.87. Stochastic heads upwards providing a positive factor that supports a rise continuation in the upcoming period. Therefore, our bullish overview will remain valid and active on an intraday basis. The first target is represented by testing the 16.37 level, a break of which […]

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Technical analysis of USD/JPY for June 02, 2016

USD/JPY is expected to trade with bearish bias. Overnight US stock indices managed to close with small gains after erasing losses earlier in the session. The Dow Jones Industrial Average added two points to 17,789, the S&P 500 rose 0.1% to 2,099, and the Nasdaq Composite was also up 0.1% to 4,952. On the economic […]

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Technical analysis of USD/CHF for June 02, 2016

USD/CHF is expected to trade with bullish bias. The pair is accelerating on the upside and is looking for a higher top. Both 20-period and 50-period moving averages are rising and should play support roles. Thus, further upside is expected with the next horizontal resistance and overlap set at 0.9935. A break above this level […]

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