Insurance company, Amlin announced a rise in pretax profit for the last year of 23.3% helped by a decrease in insurance claims and premium growth. Major catastrophe losses dropped to £18.5m last year from £152.3m in 2012, as the only notable large disaster in 2013 was the European flooding in May and June. Highlights of […]
Ukraine Tensions Push Gold to Five Month High Morning Report: 08.45 London • This morning, escalating tensions in the Crimea and Ukraine have pushed gold to its highest level for five months. As Russian forces essentially occupy the Crimean peninsula, diplomatic tensions are rising as the US warn of consequences, while Russia looks after its strategic […]
Natural gas futures gained on the second day despite speculation a winter storm that surge from the US Midwest to Northeast will amplify heating demand and as Russia’s irruption into Ukraine hyped geopolitical tension. Futures for delivery in April escalated 2.8% to $4.736 per million British thermal units on the New York Mercantile Exchange and were trading at […]
Oil and other energy prices rose on Monday as investors reached to seek safer assets as upheaval between Western powers and Russia surged last weekend. Russian forces are reported to be in full control of the Crimean region and the political situation is regressing with US and European allies committing to insulate Russia and castigate it for […]
Hyping political tensions in Ukraine pressured Asian shares on Monday, driving troubled investors to trim down their exposure to speculative assets in favor of conventional safe haven currencies such as Japanese yen and Swiss franc. Ukraine marshaled for war on Sunday and Washington threatened to insulate Russia economically, as President Vladimir Putin asserted he had the right to […]
The US Stocks dived on Monday, after Russia bloodlessly took over a portion of Ukraine, intensifying turbulence between Russia and the West to a level unnoticed since the end of the Cold War. US stock futures plunged 0.7% from a record high hit on Friday while Japan’s Nikkei average stumbled 1.3%. MSCI’s widest index of Asia-Pacific shares […]
Gold futures surged higher on Monday as it continues to what has been a banner rally year for the precious asset amid a slender hiccup last week. Gold to be delivered in April moved $21.10 or 1.6%, to $1,342.70 per ounce in electronic trading. May silver gained 23 cents or 1.1%, to $21.47 per ounce. Last week, gold […]
General overview for 03/03/2014 03:30 CET There is one more wave to the downside needed to complete wave B green of the correction before the upside trend will resume. The most important area right now is the grey rectangle zone between the levels of 1.1016 – 1.1027, marked as supply breakthrough zone or the key […]
Crude oil hit a 5-month high early on Monday as geopolitical tensions between Russia and Ukraine escalated. Threats of sanctions on Russia could disrupt supplies to Europe which receives a third of its supply from there. Oil prices opened on Monday with a gap higher at 103.14 compared to Friday’s close of 102.65 and hit […]
March 03, 2014 – Commodities News Hot Asset For Today: Gold Price of Gold finished on Friday lower as most of the traders took their previous profits out. The price slid fro $1,332/ounce to $1,320/ounce. However, the world was watching during the weekend the situation in Ukraine and steps of Russia. As the tension has […]
Good Morning eTorians, Are you ready for some fun? Once again the NFP is coming up, so we thought we’d bring back an old classic competition that most of you already know: “Guess the Rate of the Upcoming NonFarm Payrolls!” BUT, this time we’re adding a new mobile twist to the mix. In honor of […]
General overview for 03/03/2014 08:40 CET The blue wave (b) turned up to be a ZigZag correction to the upside instead of a simple abc purple that I labeled last Friday. Now it looks completed and another leg down in this corrective sequence may be in progress. The gap that traders can see is a […]
March 03, 2014 – Forex News Hot Asset For Today: EUR/USD The euro rose for a second month in a row against the the dollar last on Friday mainly due to U.S data being adjusted, however this is being seen as a temporary effect of the bad weather the U.S is currently experiencing. The U.S […]
March 3, 2014 – Binary Options Monthly News There are many important financial events which are scheduled to take place this month. Keeping an eye on the following data will help bring successful binary options trading. This month’s main events – Monday March 3 – Monday March 31: 3/3/2014 12:30AM AUD ANZ Job Advertisements m/m 12:30AM AUD […]
March 03, 2014 – Weekly News WEEKLY REPORT 03/03-07/03 EUR/USD Last week the EUR/USD pair first slightly decrease on Wednesday and went down to 1.3650. The movement down was driven mainly due to better-than-expected U.S. New Home Sales and optimism before Thursday’s Janet Yellen testimony. However, on Thursday the testimony did not bring any news or […]
Flows were to the safe haven yen on Monday due to geopolitical risks as Russia threatens to invade the Ukrainian region of Crimea. Europe could be affected by a disruption of oil and gas supplies from Russia if sanctions are imposed on Russia. One third of Europe’s natural gas supplies come from Russia. In other […]
The US government revised its economic growth for the fourth quarter as consumer spending and exports were less than calculated before. The annual GDP expanded 2.4%, down from 3.2%. On Friday, gold dropped on Yellen’s comments. Gold is very bullish on Monday in Asia as Ukraine’s crisis deepens. If there is military action, then gold […]
The pair broke a 2-month support trend line, but managed to close above the trend line. The pair is trading at the level 1.1058 in Asia. In the hourly chart the RSI gives a positive indication, expect some pullback towards 1.1084 and 1.109. If the pair breaks below 1.1055, more panic is expected towards 1.0968 […]
The pair broke the strong support at the level of 0.8800 on Friday. It made a low at 0.8878. The pair is trading in a descending pattern for more downward. During the Asia’s trading session, the pair is trading at the level of 0.8795. More downside action is expected below 0.8770 towards 0.8648 and 0.8568.The […]
European markets have opened firmly in the red today, as escalating geopolitical tensions in Ukraine and dismal Chinese official manufacturing data released over the weekend sparked risk aversion amongst investors. Closer home, data from Hometrack indicated that UK house prices continued to rise in February. Later today, Markit manufacturing activity and mortgage approvals data are […]
The US government revised its economic growth for the fourth quarter as consumer spending and exports were less than calculated earlier. The annual GDP expanded 2.4%, down from 3.2%. The US dollar fell to 79.69, a one-year low. In Friday’s trading session, USD made a low at the level of 79.69, taking support from October […]
In Asia, Japan will release the Capital Spending q/y and the US will release some economic data such as US-Core PCE Price Index m/m, US-Personal Spending m/m, US-Personal Income m/m, US-Final Manufacturing PMI, US-ISM Manufacturing PMI, US-Construction Spending m/m, US-ISM Manufacturing Prices, US-ISM Total Vehicle Sales. So there is a big probability the USD/JPY will move with […]
EUR/USD: The market was able to skyrocket from the support line at 1.3650 towards the resistance line at 1.3800. That was a movement of at least, 150 pips. The resistance line at 1.3800 itself is under furious attack, and it is currently giving way for the price to move further north. It is possible that […]
Technical outlook and chart setups: 1. Silver might have formed an intermediary top at $22.30. Minimum implications are for a pullback towards $20.50/20.00 levels and then resumption of rally. It is recommended to initiate/remain short for now, risk remains at $22.75. 2. Immediate resistance is at $23.00, followed by $23.50, while supports are spread through […]
Daily chart: The USDX opened this week with a bullish gap, but remember that the USDX has been in a strong bearish bias, so this gap can help the USDX begin to form a higher low pattern to continue falling. The nearest support level is at the level of 79.50 and it is very likely […]
Technical outlook and chart setups: 1. Gold rallies to test recent highs at $1,345.00 levels. A push through it, will take prices towards $1,355.00/60.00. For now, it is recommended to remain short, risk remains at $1,349.50. 2. Immediate major resistance is at $1,360.00, followed by $1,370.00/80.00, while supports are spread through $1,307.00, followed by $1,280.00/70, […]
Daily chart: GBP/USD opened this week with a bearish gap although the pair remains very strong in the current bullish bias. For this week, it is likely that this pair have to contend with the strong resistance level of 1.6766. If the pair manages to make a breakout at that level, it would be expected […]
When the European market opens, some economic news will be released such as Spanish Manufacturing PMI, Italian Manufacturing PMI, Final Manufacturing PMI, and the ECB President Draghi Speaks. The US will release the economic data too such as the US-Core PCE Price Index m/m, US-Personal Spending m/m, US-Personal Income m/m, US-Final Manufacturing PMI, US-ISM Manufacturing […]
GOLD: Vulnerable To The Downside GOLD: GOLD remains vulnerable to the downside having continued to maintain below the 1,345.28 level. We believe its present bear threat is temporary suggesting it will fade and return to mentioned level. However, it will have to retake the mentioned level to annul its present bear threats. Further out, resistance […]
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