Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.6617 on average volume. We can observe strong demand on the market on the very high volume in the background so selling looks risky . The EUR/NZD tested our first major upper station FE […]
Trading recommendations: According to the previous events, the AUD/USD pair has still been moving between 0.9061 and 0.8990. As it is known, history will probably repeat itself at this level again. Equally important, the resistance has set at the price of 0.9113 and the support at the 0.8990 price. Accordingly, if the trend fails to […]
Overview: It should be noted that the resistance (1.6773) and the support (1.6510) are considered to be clear indicators of the maximum range of extreme volatility on February 19, 2014, though it is possible to pass them through. Therefore, according to the previous events, the GBP/USD pair has still been trapped between 1.6750 and the […]
Intro Recent research by Bollen, Mao and Zeng (2010) highlights how social media (e.g. Twitter) can assist in forecasting and impacting the financial markets. Their reasons for this have come from monitoring the social media sites that are used by millions of people worldwide. Technology has had a rapid and revolutionary impact on financial markets. […]
Bitcoin Accepted Here Volatility is, generally speaking, a measure of how price variation influences certain financial instruments over time. Due the wide range and constantly growing acceptance of Bitcoin all over the world, the effects in its pricing volatility have been clearly manifested, especially throughout 2013 and, just recently, at the start of 2014, after […]
February 19th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. 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 […]
February 19, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold slid down from almost $1,330/ounce to $1,313/ounce yesterday as traders closed their long positions after the price reached a 3 ½ month maximum. The price then started to move sideways and currently is trading around $1,318/ounce. Gold as a safe-haven […]
EURJPY is in an uptrend since the February 4 low of 136.21 until today’s high of 141.02. Yesterday the pair breached the key psychological level of 140.00 to gain strong upward momentum. Adding to the bullish bias is the fact that the market action is above the Ichimoku cloud. After hitting 141.04, prices met resistance […]
Dollar pairs slip back Morning Report: 08.45 London • . This morning, financial markets generally have a negative bias after the effect of the US storms start to be revealed. Stock markets are just about holding gains, while the dollar index continues its down swing. • Commodities are on the back foot, with Silver experiencing some major […]
February 19, 2014 – Daily Market News Today’s Hot Assets: GBP, USD, Gold US data came out lower than expected once again yesterday. The NY Empire State manufacturing Index was 4.48 instead of the expected 9. The S&P 500 gained 0.12% as investors expect the Federal Reserve to keep the stimulus in place and not […]
Gold price has fallen towards its first short-term support at $1,312 and has reached our target of reaching the lower channel boundaries. Gold price remains in intermediate-term uptrend and above the 4-hour Ichimoku cloud support. The double bottom in the 4-hour chart as shown above could prove bullish if Gold price makes a new higher […]
The Dollar index was rejected at the short-term resistance level of 80.20 and is now back testing the recent lows. Is a double bottom forming? The index was rejected at the upward sloping black trend line resistance. This made the index pull back towards its recent low and short-term support at 79.95-90. The Dollar index […]
Silver futures posted the longest rally in 45 years on as demand for the haven asset increased, despite concerns the global economy will falter. The US home builder and New York manufacturing data traced postulations by analysts. The Bank of Japan hyped lending programs while retaining its plan for unprecedented asset purchases to assist a recovery. Commodities advanced to […]
We’ve all seen the Weekly Drawdown figure featured in our own and other investors’ eToro OpenBook profiles. But what is the weekly drawdown exactly? Drawdown can be defined as the decline in an investment, usually represented as a percentage. As with many other statistics, there isn’t just one way to calculate weekly drawdown, as there […]
The Japanese yen advanced in Asia on Wednesday after it slipped on the Bank of Japan’s move to enhance lending to commercial banks, as investors look at US housing figures and minutes from the Federal Reserve’s last meeting. In the Tokyo trade, the dollar purchased ¥102.21, previously ¥102.40 on Tuesday. The euro dived ¥140.67 from ¥140.89, while it […]
Today’s Support and Resistance levels: R3: 142.41 R2: 141.87 R1: 141.26 Current spot: 140.57 S1: 140.26 S2: 139.95 S3: 139.49 Technical summary: After a small correction towards 140.26, we should see more upside action towards the ideal target at 142.41 to finish the x-wave and setting the stage for the next decline lower towards 126.03 […]
Today’s Support and Resistance levels: R3: 1.6663 R2: 1.6620 R1: 1.6567 Current spot: 1.6539 S1: 1.6514 S2: 1.6484 S3: 1.6454 Technical summary: Wave iii did end just 10 small pips before the ideal extension target at 1.6630. We are now looking for a small wave iv correction towards the 1.6485 – 1.6514 area before the […]
Asian stocks declined, touching a three-day rally in the regional index, while Thailand baht led slipped in higher-yielding currencies. The MSCI Asia Pacific Index missed 0.3% by 11:32 a.m. in Tokyo and Standard & Poor’s 500 Index (SPX) futures dropped 0.1%. A benchmark of Chinese shares in Hong Kong receded 0.8% and the yuan plunged to the lowest level […]
Natural gas futures bounced to a three-week high in New York, as storms and cold weather hyped heating demand, trimming stockpiles to the least in 10 years. Gas surged 6.5% as the second storm in three days dragged snow to the Northeast. Natural gas to be delivered in March increased 33.7 cents to $5.551 per million British thermal […]
The euro was clinging to broad-based gains on Wednesday, surging higher versus the yen and sterling, while the dollar got injured from dull economic data and news the foreign investors had been heavy dealers of US assets. The euro went up $1.3758 in Asian trade, prolonging at $1.3769 overnight, its highest level in seven weeks and breaking a […]
On a daily basis IronFX Head of Global FX strategy Marshall Gittler comments on the world economies and speaks about the forex calendar of economic announcements. Join us for more technical and fundamental analysis: http://www.ironfx.com To get the latest Forex trading news you should: • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Twitter: […]
Gold futures stretched its drop from the highest level in more than three months despite expectations the US Federal Reserve minutes will reflect policy makers supporting additional stimulus cuts. Silver touched the longest rally in four decades. Bullion to be delivered immediately lost about 0.6% to $1,314.49 per ounce and was trading at $1,315.81 by 2:26 p.m. in Singapore. […]
General overview for 19/02/2014 08:30 CET The count has been slightly changed as the momentum is slowing and the market might be in final stages of the ending diagonal wave (v) pattern. Any breakout above the level of 1.0938 is bullish, and the bottom for the whole blue impulsive cycle might be in place. On […]
February 19, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold slid down from almost $1,330/ounce to $1,313/ounce yesterday as traders closed their long position after the price reached its 3 ½ month maximum. The price then started to move sideways and currently is traded around $1,318/ounce. Gold as a safe-haven […]
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 […]
