We are proud to announce that Trading Point Holdings has now incorporated Trading Point of Financial Instruments Pty Ltd. which is authorized and regulated by the Australian Securities & Investments Commission (ASIC) under license number 443760. The ASIC is one of the most highly respected financial services regulators in the world, making the license granted […]
Australia’s bid to sell state-owned infrastructure to support new projects fund, will form a centerpiece of its Group of 20 agenda as the nation bets its plan to trigger jobs is as relevant in Moscow, Mumbai and Michigan as it is in Melbourne. Australia is targeting to coordinate techniques and methods for debt-laden nations across […]
A decade and a half of good housekeeping is prompting Asian currencies from Indonesia’s rupiah to Thailand’s baht as investors increasingly differentiate between emerging-market assets. Of more than 20 developing-nation exchange rates tracked by Bloomberg, the rupiah, baht and Singapore dollar were the only ones to have advanced this year through yesterday, while options prices […]
Standard & Poor’s 500 Index firms are surpassing analyst sales projections by the most since 2012, an indication increasing consumer demand is firing up economic development as the bull market approaches its sixth year. Led by banks, utilities and drugmakers, sales topped analyst estimates by 1.2 percent this profits season, the topmost margin in almost […]
The Federal Reserve passed new standards for foreign banks that will require the largest to hold more capital in the U.S., uniting with other countries in erecting walls around domestic monetary systems. Banks with $50 billion of assets in the U.S. will have to reach the standard under a revised policy passed yesterday, which raised […]
February 19, 2014 – Forex News Hot asset for today: GBP/USD The EUR/USD pair increased yesterday above 1.3760 as another U.S. data came out unexpectedly low. The price is now as high as it was in the end of December. The pair reacted to the data before FOMC Meeting Minutes will be released today at […]
It took 11 months and the sale of his 2008 Ford Focus to pay the bills before Nuno Silva found a job as a supervisor at a food warehouse in southern Portugal. The pay isn’t great — about 15,000 euros ($20,600) a year — and sub-zero inside temperatures turn his workplace in one of Europe’s […]
General overview for 19/02/2014 08:00 CET One more wave to the upside is missing if the main count is the correct one. The momentum is diminishing and the supply zone between the levels of 141.06 – 141.25 should provide the resistance and will act as a target zone for wave (v) blue. The key level […]
EUR/USD: This pair is now trading above the support line at 1.3750. The price could go further upwards, but a possibility of a pullback cannot be ruled out. When there is a pullback, it would be temporary (giving another great long opportunity). The price could thus reach the resistance line at 1.3800. USD/CHF: This pair […]
The euro extended its rally to reach the highest level so far this year against the dollar, hitting a 7-week high of 1.3772 in Asia today. Data yesterday showing the Eurozone’s record current account surplus of 216 billion euros in 2013 helped buoy the euro. In contrast, the US posted a deficit of around $400 […]
In Asia, Japan will release the All Industries Activity m/m, BOJ Monthly Report, and the US will release some economic data such as US-Building Permits, US-PPI m/m, US-Core PPI m/m, US-Housing Starts. So there is a big probability the USD/JPY will move with low to medium volatility during this day. TODAY’s TECHNICAL LEVELS: Resistance. 3: […]
After soft economic data, gold rebounded from the lower levels of $1,312. Gold recovered during the European trading session. The US dollar weekened after the Federal Reserve Bank of NY said that the general business conditions index came in at 4.48 for the current month vs 12.51 in January. Gold is moving against all the […]
In the hourly chart, EUR/USD is trading at 1.3760. RSI gives an overbought indication. Prices are holding above the 21 and 40 DEMA that is a bull factor. If the price breaks 1.3742, weakness persists in the intraday trading session towards downside. We can expect the selling pressure to start soon. R1 1.3813 R2 1.3820 […]
Technical outlook and chart setups: 1. The EUR/JPY has broken out higher from the recent trading range between 139.00 and 140.00 levels. Please note that the 142.00 region is the fibonacci 0.618 resistance where a bearish reaction could be expected. It is recommended to remain short and also initiate further short positions around 142.20/30, risk […]
Technical outlook and chart setups: 1. The GBP/CHF pair is on track to hit fresh lows in the coming week, bears seem to be in control after hitting 1.4950/60 resistance. It is recommended to remain short and also sell on intraday rallies. A meaningful top is in place at the 1.5120/30 levels, which should hold. […]
European markets have opened lower today, as investors opted to remain on the sidelines before central banks from the US and the UK release minutes of their latest policy meetings. Closer home, investors will also keep a close eye on the release of job data due later in the day to get cues for further […]
The US dollar was weakened by softer economic data. The Federal Reserve Bank of NY said that the general business conditions index came at 4.48 for the current month vs 12.51 in January. USD is volatile ahead of FOMC minutes. Traders are waiting for the monetary policy outlook. During this year, the US disappointed economic […]
Technical outlook and chart setups: 1. Silver produced a doji yesterday, that is indicative of a potential down move from here. Please note that any fall from here would be corrective and opportunity to go long. Aggressive trading setup would be to initiate short positions at the $21.75 levels, risk remains just above $22.00. 2. […]
Japan’s central bank maintained its policy stance. Japan will continue to ease in order to achieve the inflation rate at 2%. They extended and doubled the size of its bank lending. Under the growth support facility, the central bank’s maximum provision of funds was doubled to 7 trillion yen from 3.5 trillion yen. They doubled […]
When the European market opens, there will be released the German 10-y Bond Auction.The US will release the economic data too such as the US-Building Permits, US-PPI m/m, US-Core PPI m/m, US-Housing Starts, so amid the reports, EUR/USD will move with low volatility during this day. TODAY’s TECHNICAL LEVELS: Breakout BUY Level: 1.3832. Strong Resistance:1.3823. […]
Daily chart: USDX is consolidating below the resistance level of 80.11 with a higher low pattern, so USDX is likely to continue falling below this level, reaching the support level of 79.19 in the long term. However, USDX formed a fractal near the level of 79.85, so USDX may perform a bullish rebound and achieve […]
Technical outlook and chart setups: 1. Gold has given its first signal of a potential retracement built up. Having reversed from $1,333.00, the metal is expected to retrace at least towards $1,270.00/75.00 region. It is recommended to initiate short positions around $1,227.00/28.00 today, risk remains at $1,235.00. 2. Immediate resistance is at $1,360.00, while supports […]
Daily chart: GBP/USD has fallen to the support level of 1.6663 and this is part of the corrective movements for bullish bias on this pair, since the GBP/USD is overbought in this chart. However, if this pair makes a breakout at the support level, it is expected to fall to the level of 1.6540, which […]
February 18, 2014 – Indices News Stocks surged in the Asian market today as traders were watching the speech of Bank of Japan Governor Haruhiko Kuroda for economic clues. The BOJ has decided to double its growth lending program and has stated that individual banks could increase their borrowing levels. In addition, Kuroda made a […]
Dear Valued Partner, Another milestone in our corporate history has been achieved. We are proud to announce that Trading Point Holdings has now incorporated Trading Point of Financial Instruments Pty Ltd. which is authorized and regulated by the Australian Securities & Investments Commission (ASIC) under license number 443760. The ASIC is one […]
EURJPY- Having rallied and broken through the 140.29 level during early trading today, further upside is likely. Further out, the 141.27 level, its Jan 29 2014 high comes in as the next upside objective where a violation will aim at the 142.00 level and subsequently the 142.41 level, its Jan 23 2014 low. Converse, support […]
February 18, 2014 – Stock Market News Today’s Hot Asset – Coca Cola Stocks in the U.S. have opened trading slightly higher during today’s late session. Investors are still managing to find equities appealing following the depreciation of the dollar. This a little surprising, as economic manufacturing data released in New York was actually negative […]
Market sentiment appears to be favouring the euro in the early part of the week. The euro was bolstered after European Central Bank Executive Board member Peter Praet said Eurozone growth may “surprise on the upside.” The EUR/GBP pair strengthened following Praet’s vote of confidence, despite mostly weaker than expected ZEW data. The ZEW Economic […]
Overview Today’s H4 chart shows that the metal is still trading between the support level of 21.75 and below the resistance level of 21.75 after its failure to break the resistance level yesterday to continue the upward trend. Today, silver bounced from the resistance level to take a slightly downward move and trade below it. […]
The GBP/USD was non-eventful in the first European session following the US President’s Day holiday. The pair is eying a breakout following the release of UK claimant counts later in the week. Ahead of the North American session, trade was subdued, as investors reacted to several pieces of disappointing data. In the UK, consumer inflation […]
