Brexit would dent economy, lead to year-long recession – Treasury

Exiting the European Union would reduce the United Kingdom’s gross domestic growth by 3.6% and place the nation into a year-long recession. The Treasury forecast, issued by Chancellor George Osborne ahead of an in/out referendum, emphasized Britain would sustain an outright and profound economic impact. The Treasury’s economic projections presumed the gross domestic product would […]

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Oil slumps on improved global supply, strong US dollar

Crude prices plunged Monday on indications the global supply is holding up even as unscheduled outages touched its highest since at least 2011 and the US dollar strengthened. For the first time this year, the number of US rigs steadied last week as oil futures trade close to a seven-month high. Brent futures LCOc1 closed […]

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Daily analysis of USDX for May 23, 2016

The index still trades sideways to higher levels, consolidating gains above the support at 95.22, where we expect to see a rebound to test the next resistance placed around 95.68 area. A breakout above it will open doors to reach new highs, the first target lies at 96.14 level. MACD indicator, however, is entering into […]

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Daily analysis of GBP/USD for May 23, 2016

It can be seen on the H1 chart that GBP/USD has been trading in corrective mode, trying to resume rally to key levels such as the H1 chart shows. That’s why we would like to see some upward moves in the nearest future, at least in the coming days. However, the decline can be extended […]

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Weekly Summary of Research Findings: 5/16/16 – 5/20/16 [PREMIUM]

Below is a weekly summary of our research findings for 5/16/16 through 5/20/16. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receive these weekly digests via email, click here to sign up for our mailing list. More Related […]

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Giles Hargreave interview: Lessons from a top small-cap fund manager

There aren’t many people who know more about successfully investing in small companies than Giles Hargreave. Along with Eustace Santa Barbara, the affable co-manager of his flagship Marlborough Special Situations Fund, we agreed to meet to chat about strategy, management and the intricacies of running a £1bn+ fund. The venue was a dazzling Michelin-starred Italian […]

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Technical analysis of USD/JPY for May 20, 2016

USD/JPY is expected to trade in a higher range as bias remains bullish. Overnight US stock indices closed lower, although they had bounced back from deeper declines seen earlier in the session. Concerns about the US Federal Reserve raising interest rates again as soon as June deepened as New York Fed President William Dudley and […]

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Technical analysis of USD/CHF for May 20, 2016

USD/CHF is expected to trade in higher range as bias remains bullish. The intraday technical outlook is still positive, as the pair remains supported by its rising 20-period and 50-period moving averages, and is likely to challenge its nearest resistance at 0.9945 in sight. The relative strength index is above its neutrality area at 50. […]

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Technical analysis of NZD/USD for May 20, 2016

NZD/USD is expected to trade in a lower range as the key resistance stands at 0.6780. The pair remains under pressure below its nearest horizontal resistance at 0.6780, which maintains the strong selling pressure. The relative strength index is mixed, calling for caution. As long as resistance at 0.6775 is held, look for choppy price […]

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Technical analysis of GBP/JPY for May 20, 2016

GBP/JPY is expected to trade with bullish bias above 160.10. The pair remains on the upside. The support lies at 160.10, and it allows for a temporary stabilization. Even though a consolidation cannot be ruled out at the current stage, its extent should be very limited before the price bounces again. In which case, as […]

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USD/CAD intraday technical levels and trading recommendations for May 20, 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, the price reached the resistance at 1.4120 (Fibonacci Expansion 100%). Bullish persistence above 1.4150 enhanced the bullish side of the market towards 1.4650 (141.4% Fibonacci expansion) where an evident bearish rejection was […]

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NZD/USD intraday technical levels and trading recommendations for May 20, 2016

On January 28, the depicted support at 0.6400 acted as a prominent key level offering a valid buy entry. The 0.6550 level was broken a few weeks ago. Bullish persistence above 0.6550 (depicted recent support) was necessary to keep the price moving towards higher bullish targets. During February’s consolidations, the price zone of 0.6750-0.6840 constituted […]

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Gold analysis for May 20 , 2016

Since our previous analysis, gold has been downwards. As I expected, the price tested the level of $1,243.62 in a high volume. According to the 15M time frame, I found weakness and resistance cluster at the price of $1,257.50. There are few bullish bars in a high volume but with weak close, which is a […]

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Daily analysis of major pairs for May 20, 2016

EUR/USD: The EUR/USD moves in the opposite direction to USD/CHF. The price has gone down so far this week, and it could continue moving further downwards. Price is in the overbought area in the William’s % Range period 20. The EMA 11 is below the EMA 56. This is a bear market. USD/CHF: As it […]

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Intraday technical levels and trading recommendations for EUR/USD for May 20, 2016

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010. Hence, a long-term bearish target is projected towards 0.9450. In March 2015, the EUR/USD bears challenged the monthly demand level of 1.0570 which had been previously […]

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EUR/NZD analysis for May 20, 2016

Recently, EUR/NZD has been moving downwards. As I expected, the pair tested the level of 1.6531 in a high volume. According to the 4H time frame, I found a downward channel. The price broke the upward diagonal and I am expecting a downward continuation. Our Fibonacci expansion 100% at the price of 1.6530 held successfully. […]

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Intraday technical levels and trading recommendations for GBP/USD for May 20, 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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Tactics for dealing with an uncertain dividend outlook

There hasn’t exactly been much good news for income investors lately. A flick through the financial press suggests that corporate revenues and profits have slumped, dividend growth is faltering, dividend cover is stretched and payout cuts are the order of the day. For investors hunting for yield, this is hardly ideal in a low rate […]

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Technical analysis of NZD/USD for May 20, 2016

Overview: The NZD/USD pair showed signs of instability. Amid the previous events, the price is still moving between the levels of 0.6841 and 0.6747. The daily resistance and support are seen at the levels of 0.6841 and 0.6747 respectively. In consequence, it is recommended to be cautious while placing orders in this area. Thus, we […]

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Technical analysis of USD/CHF for May 20, 2016

Overview: The USD/CHF pair is showing signs of strength following a breakout of the highest level of 0.9846. On the daily chart the level of 0.9846 coincides with 61.8% of Fibonacci, which is expected to act as a minor support today. Since the trend is above the 61.8% Fibonacci level, the market is still in […]

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Fiat Chrysler shares hit by squabble with Germany over meeting

Carmaker Fiat Chrysler’s shares plummeted more than 2 percent in early trade as it drew flak from the German transport minister for not showing up at a scheduled meeting on Thursday over emissions. The company sent a lawyer’s letter to cancel the meeting. Transport Minister Alexander Dobrindt criticized Fiat’s “uncooperative behavior” as “completely incomprehensible.” The […]

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Betting odds indicate 79 percent probability of a British vote to stay in the EU

Betting exchange Betfair said that betting odds showed on Friday that a 79% implied probability of a British vote to stay in the European Union. Betfair, the largest Internet betting exchange in the world, said the implied probability of an In vote has risen by about 9 percentage points in the past week. William Hill […]

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Egypt President Sisi mourns victims of EgyptAir plane crash

President Abdel Fattah al-Sisi of Egypt on Friday has uttered his condolences to the families of EgypAir plane victims. The plane crushed in the Mediterranean sea. Reports said military found plane’s debris 290 km (180 miles) north of Alexandria. The office of the president said in a statement, “the presidency with utmost sadness and regret […]

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Citigroup hires de Souza for UK investment banking

Citigroup has appointed Barclay’s Alex de Souza as a managing director for its UK investment banking team. The bank told staff on Friday that de Souza will start in August. De Souza will focus on advising corporates and sponsors in the industrial sector. This move was part of Citigroup’s drive “to expand our coverage universe […]

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China’s Xi says must seize opportunity to push through supply-side reform: Xinhua

News agency Xinhua reported that Chinese President Xi Jinping said China has to seize the opportunity for pushing ahead with structural supply-size reform. According to the report, Xi said that while reports will mean economic pain in the short term, not proceeding will mean pain in the long term. The material has been provided by […]

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Stock Market Performance Around VIX Peaks [PREMIUM]

Do peaks in the S&P 500 Implied Volatility Index (VIX) signal positive abnormal U.S. stock market returns? If so, can investors exploit these returns? In the May 2016 version of his paper entitled “Abnormal Stock Market Returns Around Peaks in VIX: The Evidence of Investor Overreaction?”, Valeriy Zakamulin analyzes U.S. stock market returns around VIX peaks. He employs […]

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Global macro overview for 20/05/2016

Global macro overview for 20/05/2016: The core machinery orders data from Japan has been released overnight and it has surprised investors. Core orders, a leading indicator of business investment, surged 5.5% from the previous month, stronger than a 0.7% increase expected by economists. Moreover, on an annual basis, core orders surged 3.2%, much more than […]

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Binary.com Daily Market Report (20th May)

US Manufacturing Gives Cause for Concern Morning Report: 06.30 London • This morning, the US dollar is holding recent gains despite below par US manufacturing data yesterday. Philly Fed Manufacturing dropped unexpectedly while unemployment claims came in marginally above estimates.                      • The USD/JPY fell back […]

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Global macro overview for 20/05/2016

Global macro overview for 20/05/2016: Another set of data had been released yesterday from the UK and this time it was retail sales with auto fuel. The figures were better than expected as the sales surged 1.3% vs. 0.6% expected and -0.5% prior. Moreover, the Office for National Statistics revealed that on the year-to-year basis […]

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Technical analysis of EUR/JPY for May 20, 2016

General overview for 20/05/2016: Another alternative count had been added to incorporate the latest developments. The market is still trading inside the neutral zone between the levels of 122.62 and 124.16. Nevertheless, please remember that the invalidation of this structure is at the level of 124.65. So as long as the internal corrective cycle in […]

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