Stock in Focus: Should I add XLMedia to the portfolio?

With painful memories of Globo, Plus500 and Quindell fresh in the minds of many UK investors, I made sure that I had some wriggle room when I designed the Stock in Focus portfolio. I am allowed to reject qualifying stocks if I think that Stockopedia’s rankings don’t accurately reflect the risks involved. This week’s stock […]

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Technical analysis of GBP/JPY for May 25, 2016

GBP/JPY is expected to trade with a bullish bias. Currently trading at 160.87, the pair is moving sideways and remains on upside above its support at 159.80. And the relative strength index also lacks downward momentum. As long as 159.80 is not broken below, the pair is expected to climb toward 161.65 and 162.55 in […]

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Technical analysis of Gold for May 25, 2016

Technical outlook and chart setups: Gold has dropped lower yet again today and is seen to be trading at $1,224.00/25.00 levels at this moment. Please note that the metal is at fibonacci 0.786 support of the rally between $1,207.00 through $1,303.00 level respectively. Moreover, a fibonacci convergence is also seen around $1,227.00/29.00 levels as depicted […]

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Elliott wave analysis of EUR/NZD for May 25, 2016

Wave summary: What a scary decline from yesterdays high at 1.6715. This is a classic deep wave two correction, which are allowed to correct 100% of the first impulsive move, but it can never ever break below the starting point at 1.6434. In the short term, we are looking for a break above minor resistance […]

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Elliott wave analysis of EUR/JPY for May 25, 2016

Wave summary: The sideways consolidation in the 122.30 – 122.80 area has been prolonged, but we still expect one more spike lower to the ideal target near 122.12 before the correction from 124.35 is over and a new impulsive rally towards 126.47 and above should be expected. In the short term, a break below minor […]

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Technical analysis of EUR/JPY for May 25, 2016

Technical outlook and chart setups: The EUR/JPY pair again gets into a sideways tight trading range between 122.25 and 122.80 levels for the recent 2 trading sessions. The pair is seen to be trading at 122.70 level at this moment and should be looking to print at least one low below 122.25 levels from here […]

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Technical analysis of USDX for May 25, 2016

The Dollar index remains strong near its highs with no significant pullback or advance yet. I believe a short-term scenario will soon be confirmed and a pullback will be seen towards 94. Blue lines – bullish channel The Dollar index remains inside the bullish channel and above the Ichimoku cloud. Price is testing the lower […]

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Global macro overview for 25/05/2016

Global macro overview for 25/05/2016: The German ZEW Economic Sentiment data released yesterday were significantly worse than expected. Marked participants anticipated slight improvement from the level of 11.2 last month to 12.1, but the actual print of 6.4 leaves not room to doubt, that the Brexit uncertainty is starting to affect other Eurozone countries. This […]

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Technical analysis of Gold for May 25, 2016

Gold price moved lower to new lows near $1,220 just below our short-term target of $1,230. Price remains in a bearish trend but I prefer to take profits now in order to wait for the bounce to re-sell for the bigger correction target below $1,190. Black line – long-term resistance Blue lines – bearish channel […]

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Binary.com Daily Market Report (25th May)

Gold to hit $100? Morning Report: 06.30 London • This morning, the US dollar is on the back foot after the dollar index closed at its highest levels for over two months last night. The USD/JPY is following suit and tucking back so far this morning.                   […]

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Technical analysis of EUR/JPY for May 25, 2016

General overview for 25/05/2016: The impulsive down move looks completed with the low at the level of 122.33. Currently the internal corrective move is unfolding, so as long as the level of 124.02 is not violated, the count is correct and valid. Please notice the correction in wave 2 might extend higher than the intraday […]

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Technical analysis of USD/CAD for May 25, 2016

General overview for 25/05/2016: Another marginal higher high had been made, but it looks like the wave iv is still unfolding. The corrective cycle in this wave might get more complex and time-consuming, but we still expect one more wave up to unfold after the correction is completed. The projected target of 1.3218 is still […]

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Global macro overview for 25/05/2016

Global macro overview for 25/05/2016: The US house market data has surprised market participants posting better than expected figures. Investors expected lower number of sold houses than a month ago ( 521k vs. 531k prior), but the nice number of 619k leaves no room for doubt, that the house market might be picking up this […]

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Technical analysis of GBP/CHF for May 25, 2016

Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4485/90 levels at this moment as expected and discussed yesterday. Please note that the pair had made highs at 1.4540 level earlier and might be looking to retrace lower before attempting to push higher towards 1.4700 level. Please note that the […]

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Technical analysis of EUR/USD for May 25, 2016

When the European market opens, some economic news will be released such as ECOFIN Meetings, German 30-y Bond Auction, German Ifo Business Climate, and GfK German Consumer Climate. The US will release some economic statistics too such as Crude Oil Inventories, Flash Services PMI, HPI m/m, and Goods Trade Balance. So amid the reports, EUR/USD […]

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Technical analysis of USD/JPY for May 25, 2016

In Asia, today Japan will not release any economic data. However, the US will release some economic data such as Crude Oil Inventories, Flash Services PMI, HPI m/m, and Goods Trade Balance. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: […]

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Daily analysis of USDX for May 25, 2016

The index has been trading sideways, but it is favored by bulls in the short term. The next hurdle for the bullish bias would be the resistance zone of 95.68, where a breakout can push the USDX higher toward the 96.14 level. In another scenario, a pullback at current levels can produce a decline to […]

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Daily analysis of GBP/USD for May 25, 2016

The H1 chart is already telling us that the сable is finding strong dynamic support above the 200 SMA, where we expect to see a further upside toward the 1.4700 level, but a pullback cannot be discarded at this stage yet. If it happens, a decline is expected to take place until the support level […]

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EU Bullet Report | USD at 2 month highs, GOLD collapses

USD Index is mixed as now markets are continuing to ad hopes for a summer rate hike, and markets starts preparing for next week’s NFP which is very likely to be the most volatile of this year. While EUR is soft, GBP remains the strongest currency of this week. Yesterday, US home sales data, showed […]

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Asian shares trail Wall Street advance on Greece deal, higher oil prices

Asian stocks traced the gains by Wall Street as eurozone finance ministers approved giving further bailout loans to Greece and extend debt relief and oil prices escalated. Brent crude ended at $49.23 per barrel, up 1.3%, while West Texas Intermediate closed at $49.35 per barrel, up 1.5%. Japan’s Topix gained 1.5% while the Nikkei 225 […]

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Eurozone approves breakthrough Greece debt relief

Finance ministers in Europe agreed to ease Greece’s debt load and extend additional bailout loans, considering the decision a huge development to resolve the debt crisis. The eurozone officials, following 11-hour discussions, voted to provide new loans amounting to €10.3 billion ($11.5 billion). The decision came after the parliament authorized further spending declines and tax […]

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US Treasury clearing house mulls access to high frequency trading

US Treasuries’ biggest clearing house is considering the idea of enabling to high frequency trading companies to gain access to it, as non-banks which depend on speed and technology assume a greater role in the US government bond market. Majority of Fixed Income Clearing Corporation members are huge banks which facilitate dealings between one another […]

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Economic Sentiment in EU Wanes

Although still on the level of optimism, investors’ sentiment in the EU are not looking good as the latest reading fell flat of analysts’ forecasts. The Eurozone’s ZEW Economic Sentiment is at 16.8 from the previous month’s 21.5. It was expected to rise to 23.4. Similarly, the German ZEW Economic Sentiment went down to 6.4 […]

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AB Inbev-SABMiller Merger Receives Green Light from EU Commission

The European Commission gave the thumbs up to German brewing company Anheuser-Busch Inbev’s acquisition of SABMiller worth $104 billion. The deal is said to be one of the largest corporate merger in the industry. AB Inbev is the world’s largest brewery and the maker of world famous alcoholic drinks such as Budweiser and Stella Artois. […]

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Daily analysis of EUR/JPY for May 24, 2016

Overview The EUR/JPY price was forced to form new bearish waves yesterday, affected by the moving average negativity as it is steadily above the last trading. Besides, stochastic reached to the 20 level, forcing the price to settle below 123.00 levels. That is why we expect negativity to dominate in the near period, waiting for […]

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Daily analysis of USD/JPY for May 24, 2016

Overview The USD/JPY pair bounced lower after it failed to surpass the EMA50 located now at 110.20, where the price is affected by stochastic negativity shown on the daily time frame. It might push the price to make a temporary bearish correction before resuming the short-term bullish bias. Until now, the bullish trend scenario remains […]

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Daily analysis of GOLD for May 24, 2016

Overview The gold price showed a new test to the $1,243.17 level yesterday and kept trading steadily above it, which keeps the bullish trend valid until now. The price needs more positive momentum to resume the bullish bias, the main targets of which begin at $1,276.50 followed by $1,303.58 levels. We should take into consideration […]

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Daily analysis of Silver for May 24, 2016

Overview The silver price tests the critical support level at 16.25. This level represents one of the next trend keys besides the 16.37 resistance, where the price needs to breach one of these levels to detect its next targets clearly. Therefore, we will keep our neutrality until we get a clearer signal for the next […]

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USD/CAD intraday technical levels and trading recommendations for May 24, 2016

On December 7, a bullish breakout above 1.3450 (upper limit of the recent consolidation range) enhanced the bullish side of the market. Hence a bullish visit to the resistance at 1.4120 (Fibonacci Expansion 100%) occurred. Bullish persistence above 1.4150 enhanced the bullish side of the market towards 1.4650 (141.4% Fibonacci expansion) where an evident bearish […]

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Intraday technical levels and trading recommendations for GBP/USD for May 24, 2016

Since January 2016, bullish persistence above 1.4500 was mandatory to maintain enough bullish strength in the market. However, the previous weekly candlesticks maintained their bearish persistence below the depicted weekly supply zone (below 1.4470) which allowed further bearish decline to occur. The prominent demand level located at 1.3845 (historical bottom that goes back to March […]

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