When the financial media mentions the late 1920s, they usually mean the 1929 stock market top. But today’s investors can also learn from what happened in 1928. That was the year that the bond market topped, while commodities peaked even sooner. You can see this for yourself in a chart published in the September 2013 […]
Aussie boosted by surprise surplus Morning Report: 08.45 London • Markets have a positive edge this morning, helped a surprise surplus in the Australian trade balance. • The AUD/USD is up 0.40%, with the AUD/JPY up 0.34% with the pairs also helped by strong retail sales data. […]
EWI’s president Bob Prechter has been warning about the safety of the U.S. banking system for a while. Enjoy this excerpt from a new article by Terry Burnham, a former Harvard economics professor, author of “Mean Genes” and “Mean Markets and Lizard Brains”, who spoke at last year’s Socionomics Summit in Atlanta. Mr. Burnham’s article […]
On the second day, Asian stocks took a step forward on the second day as Japanese shares climbs. The Japanese yen tumbled versus major currency peers but silver advanced. The MSCI Asia Pacific Index gained 0.2% by 9:15 a.m. (Tokyo time); Japan’s Topix Index added 0.4%. Austalia’s S&P/ASX 200 Index moved away from three days […]
Gold held gains after reaching the highest level for more than a week, as speculation the US economic recovery may be boosting haven demand. Bullion, to be delivered immediately, listed at $1,257.96 per ounce at 9:04 a.m. (Singapore time), from $1,257.92 yesterday when prices touched $1,274.74, the highest since January 27. The gold profited 3.2% […]
Gold prices began a rebound from the end of January to rise to a high of 1274.09 on February 5. Gold has since corrected this up-leg by 61.8% and is currently capped just below the 38.2% Fibonacci retracement level at 1260.20. Key support is at the 61.8% Fibonacci level of 1251.90. The 100-period moving average […]
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EUR/USD: This is a bear market in spite of the sideways movement on it and the bulls’ intent. With an expected increase in the bearish pressure, the price should be able to breach the support line at 1.3500 to the downside, going further downward. The EMA 56 is a hurdle to the bulls’ intent. USD/CHF: […]
Thursday is an event-filled day, with the Bank of England and European Central Bank policy decisions due in the afternoon. Ahead of these events the German factory orders numbers will be released, while later in the US session jobless claims will be in focus. The euro slid 0.10% against the dollar during the Asian session […]
When the European market opens, some economic news will be released such as Retail PMI, French 10-y Bond Auction, German Factory Orders m/m, Minimum Bid Rate, .The US will release the most important economic data such as the US-Trade Balance, US-Unemployment Claims, US-Challenger Job Cuts y/y, US-Prelim Nonfarm Productivity q/q, US-Prelim Unit Labor Costs q/q, […]
In Asia, Japan will release the 30-y Bond Auction, and the US will release some economic data such as US-Trade Balance, US-Unemployment Claims, US-Challenger Job Cuts y/y, US-Prelim Nonfarm Productivity q/q, US-Prelim Unit Labor Costs q/q, US-Natural Gas Storage. So there is a big probability the USD/JPY will move with low volatility during the Asian […]
Forex trading has resulted in the EUR/USD pair showing continued weakness recently, and the price fluctuations of this exchange rate have largely been attributed to economic data by market experts. The currency pair dropped to its lowest value in more than two months on Friday, Jan. 31, Bloomberg reported. On this day, the EUR/USD declined […]
European markets have opened higher today, ahead of the outcome of monetary policy meetings of the Bank of England (BoE) and the European Central Bank (ECB) due later in the day. Both central banks are set to leave their monetary policy intact. With no major domestic economic data during the day, investors would keep a […]
Technical analysis and chart setups: 1. The EUR/JPY looks to form a base around 136.00/136.50 levels. This region is also fibonacci 0.618 support for the rally between 131.00 and 145.50. It is recommended to remain long from yesterday, risk remains just below 136.00. 2. Resistance is at 142.00/143.00 and 145.50, while support is spread through […]
Technical outlook and chart setups: 1. The GBP/CHF is expected to resume down swing towards 1.4400 and 1.4000. It is recommended to hold on short positions and also look to sell rallies (intraday – inter day). 2. Immediate resistance is at 1.4940/50, while major is at the 1.5120/30 level, while supports are at 1.4550/60, 1.4400, […]
Daily chart: The USDX continues to find support on the 200-day moving average, so our hypothesis that the USDX try to climb to the resistance level of 81.50 remains standing. However, a consolidation below the 200 SMA, could lead the USDX to fall to the support level of 80.62 and possibly to the 80.11 level. […]
Technical outlook and chart setups: 1. Silver seems to have resumed towards fresh swing highs as expected. A morning star was produced at sub $19.00 levels indicating a reversal. It is recommended to hold long positions and look to add further on dips. It is possible that prices remain between $19.00-$20.00 before final thrust on […]
Daily chart: This pair continues to find support on the bullish trend line near the support level of 1.6235. If the pair manages to break this support, it is expected to fall to the level of 1.6146. Furthermore, the GBP/USD is forming a bearish pattern, which could favor the current bearish bias. If this pair […]
Technical outlook and chart setups: 1. Gold has tested recent swing high at $1,279.00 before falling back sharply. Indications from here are pointing low towards at least $1,215.00. It is still recommended to hold short positions, risk remains at $1,282.50. 2. Immediate intermediary resistance is at $1,279.00, followed by $1,290/95, while supports are at $1,230.00, […]
Forecast: According to the previous events, the price of the USD/CHF pair has still been moving between 0.9070 and 0.9003. Buy above the 0.8950 price with the first target of 0.9040, it might resume to 0.9105. Stop loss should be set below 0.8925. Sell below the 0.9115 price with the first target of 0.9066; also, […]
Overview: The USD/CAD pair has already formed a strong resistance at the level of 1.1163; furthermore, the same level is coinciding with the ratio of 78.6% Fibonacci retracement levels. Equally important, it should be noticed that a minor support will be set at the level of 1.1025 around the 38.2% Fibonacci retracement levels in H1 […]
To learn more about foreign exchange trading, please visit: https://pepperstone.com/ Currency Analyst Joel Murphy is interviewed on Sky Business News. Recent data out of Australia regarding retails sales and business confidence is discussed along with the upcoming ECB, BOE and non-farm payrolls print out of the US. Related Posts:Analysis of EUR/USD. April 5th. There is […]
The European stocks traded varied at the opening on Wednesday, as investors stayed cautious about the US employment report. The ADP employment data will be released at 1:15 p.m. in London (or 8:15 a.m. EST), and could denote whether the non farm-payrolls report out on Friday will reflect a shift in the US labor market. […]
UBS AG swung sprucely to profit in the 4th quarter, as the Switzerland’s largest bank drives ahead with a bid to run in trimmed-down form. The Zurich-based bank, which was severely affected by the financial crisis six years ago and has battled to form its scandal-prone investment bank into a reliable supplement to its flagship […]
Asian stock markets were aggressively lower on Tuesday, as poor economic report from US hyped the already sour market sentiment. Japan led the region lower, with the Nikkei drop 3.2% in early trading, following a disappointing US economic data from the US smashed stocks in Wall Street. The index is close to a 2% fall […]
The Japanese yen had a weak start in Asia on Wednesday, which moved back from peaks several months now. The emerging markets stabilized and the stocks rallied, while the Australia dollar took a break from a powerful rally. The US dollar jumped to ¥101.63 and the euro incurred to ¥137.33, both going away from 11-week […]
GOLD: With attempts of resuming its short term uptrend failing on Wednesday for a marginal higher close, consolidation above its broken falling trendline may continue. If however GOLD retakes the 1,279.08 level, its Jan 27 2014 high to create scope for more upside the 1,300.00 level, its big psycho level will be targeted. A clearance […]
February 5, 2014 – Indices News Asian markets are mostly up after stellar performance in the United States yesterday. Furthermore, better than expected earnings from Asian firms have also pushed up Asian Indices. Lastly, the resolution of the currency crisis in emerging markets has increased investor optimism and after a few days of downward movement. […]
With eToro being the Social Investing Network, we’re always talking about wisdom of the crowd. But what does that actually mean? Is it about doing what your friend is doing? Maybe it’s asking people what they think and working that into your own ideas. Whatever your interpretation of the term, you’re probably right. Let’s take […]
With eToro being the Social Investing Network, we’re always talking about wisdom of the crowd. But what does that actually mean? Is it about doing what your friend is doing? Maybe it’s asking people what they think and working that into your own ideas. Whatever your interpretation of the term, you’re probably right. Let’s take […]
