GBP/USD is still very bearish and is looking to reach new multi-year lows, as the Cable resumed the overall bias, and currently we can find a support around the 1.3148 level. A breakout below it can open the doors to test the next key support around the 1.2874 level. However, because of the decline, we […]
Troubled construction firm ICA on Monday said it would delist from the New York Stock Exchange (NYSE) after July 17, as it struggles to restructure company debt load. The Mexican company was notified by NYSE in January that its “American Depository Shares” were trading below $1 for more than 30 days in a row, “and […]
Good morning!Looks like we might get a bit of respite today, as the Futures are up overnight. What a terrible day yesterday – one of the worst I can remember in my c.20 years active investing. My portfolio took an absolute battering.So what’s going on? Well clearly it’s more than just the immediate impact of […]
Good morning!Looks like we might get a bit of respite today, as the Futures are up overnight. What a terrible day yesterday – one of the worst I can remember in my c.20 years active investing. My portfolio took an absolute battering.So what’s going on? Well clearly it’s more than just the immediate impact of […]
Good morning!Looks like we might get a bit of respite today, as the Futures are up overnight. What a terrible day yesterday – one of the worst I can remember in my c.20 years active investing. My portfolio took an absolute battering.So what’s going on? Well clearly it’s more than just the immediate impact of the Brexit vote. The market is now actively pricing-in an economic downturn. This normally happens over months, at the end of the economic cycle. However, this time it seems to have happened in 2 days (or more, who knows?) – due to the catalyst of the (unexpected) Brexit vote.It’s been carnage for shares in housebuilders, banks, recruiters, real estate, retailers, and some other sectors. Plus we saw random, panic selling yesterday too.Just to clarify, I’m not interested in the politics of Brexit in these reports per se. We’ve had the Referendum, and I accept the outcome. My only interest here is to try and work out what happens next, and how it’s likely to affect the economy, and therefore share prices. As investors, the whole concept of what we’re doing is trying to predict the future. We buy shares that we think will be future stars (and hence go up…
Good morning!Looks like we might get a bit of respite today, as the Futures are up overnight. What a terrible day yesterday – one of the worst I can remember in my c.20 years active investing. My portfolio took an absolute battering.So what’s going on? Well clearly it’s more than just the immediate impact of […]
Chairman Jeong Jae-chan of South Korea’s Fair Trade Commission (FTC) said iPhone maker Apple Inc. is under probe, but did not disclose further details. Jeong Jae-chan refused to discuss the specifics of the probe when asked. Earlier this month, it was reported that the FTC was reviewing details of Apple’s contracts with South Korean mobile […]
Standard & Poor, one of the big three Credit Rating Agencies (CRA) in the world, has just stripped UK of its previous AAA rating to AA. This is the first time that the agency has downgraded two notches in one bold move. Following this decision by S&P, long-dated US Treasury yields fell down to 1%. […]
Members of the US Senate will have to tackle the issue confronting the oversight of Puerto Rico as a whole, now that the country is in the brink of a potential default. Puerto Rico needs to address its $70B national debt. This led to the proposal of the PROMESA, or the Puerto Rico Oversight, Management […]
The idea of the United States cutting its alliance with the United Kingdom is far from impossible although President Barack Obama previously warned Britain would go back to the queue on US trade priorities should the former exit the European Union. American officials, contending with a more adverse financial market response to Brexit, have flagged […]
The US Senate is poised to deliberate on a legislation seeking to ease the debt load of Puerto Rico amounting to $70 billion, as the Caribbean island’s economic crisis has aggravated. It will establish a federal oversight board responsible for overhauling the US territory’s debt where $1 of every $3 generated is allocated for repaying […]
Britain experienced bigger hits to its economic standing on Monday as two top ratings agencies lowered its credit score, basing on last week’s vote to exit the EU would injure its economy. Standard & Poor’s stripped U.K. of its final top-tier credit rating, lowering it by two grades from “AAA” to “AA” and stated that […]
Global stocks extend losses in Asian trading on Tuesday while the sterling tumbled near 30-year lows as the aftermath of the Brexit vote continued to jolt financial markets. MSCI’s broadest index of Asia-Pacific shares outside Japan retreated 0.3% while Japan’s Nikkei stock index declined 1.3% in early Asian trading, showing volatility over the past few […]
USD/JPY has made a sharp push down and created a very strong bullish candlestick formation at the 100.70 level, which shows that there is a lot of bulls going into the market at that level preventing the price from closing below that level. In fact, the price has tried to push below that level multiple […]
USD/CAD is seeing major resistance at the 1.3135 – 1.3140 area. This is a very strong graphical resistance and also a Fibonacci projection level. It also corresponds really well with the resistance our Stochastic is facing from the 83% to 95% levels. Stochastic is also starting to show bearish divergence vs price strengthening our conviction […]
AUD/JPY is in a strong descending channel and has beautifully bounced off the support at 72.50. This corresponds really well with the RSI bouncing off our ascending support. However, we are also seeing a strong descending resistance line on our RSI. Our goal is to play to the key graphical overlap and Fibonacci retracement at […]
On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of significant bearish rejection was manifested during recent consolidations. On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way towards the 1.3180 level where significant […]
Bullish persistence above 0.6550 (the depicted support) was necessary to keep the price moving towards higher bullish targets. In February and March, signs of bearish rejection (triple-top reversal pattern) were expressed around the price level of 0.6750 until April when a bullish breakout above 0.6750 and 0.6860 was executed. Later on May 6, daily candlestick […]
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 […]
In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected towards 0.9450. In March 2015, the EUR/USD bears challenged the next monthly demand level around 1.0570, which had been previously reached in […]
IT’S HERE! During the past month or so, those of you who have been trading in Virtual portfolio mode could already use this feature and see what it can do, and now we’re happy to introduce it to Real portfolio mode as well. But before we get ahead of ourselves, let’s go back to basics […]
Hi everyone, Wow, it actually happened. The British people have voted and there is no going back, Britain will leave the EU. In preparation for such a huge event we considered it vital that our clients exposure to risk was reduced and that led us to changing some of the leverage options that we offer […]
German newspapers have appealed a court decision to dismiss a lawsuit stipulating Google exploited its market authority by refusing to compensate them for publishing articles online. Jan Hegemann, a lawyer representing Axel Springer and 40 other publishers, said they would continue to push ahead with their case versus the tech giant. He added they lodged […]
US shares are expected to prolong its decline last week, as the European Union-United Kingdom continues to transcend through global markets. On Friday, American stocks plummeted as Britain shocked the markets after it decided to exit the region and investors shy away from any risky asset. Dow Jones Industrial Average futures traded at 17,096, down […]
Investors didn’t take lightly to Britain’s vote to leave the European Union (EU). By the time trading had closed on Friday, markets from Tokyo to New York had experienced one of their worst trading days since the financial crisis of 2008. When the markets finally closed, more than $2 trillion had been wiped from the […]
Overview: The GBP/USD pair continues to move downwards from the level of 1.3419. Yesterday, the pair opened at the level of 1.3434 to the bottom around 1.3202. Today, the first resistance level is seen at 1.3282 followed by 1.3434, while daily support 1 is found at 1.3019. Also, the level of 1.3292 represents a weekly […]
Overview: The EUR/USD pair has dropped sharply from the level of 1.1427 towards 1.0911. Now, the price is set at 1.1007 to act as a daily pivot point. It should be noted that volatility is very high for that the EUR/USD pair is still moving between 1.1025 and 1.0911 in coming hours. Furthermore, the price […]
Recently, EUR/NZD has been moving sideways at the price of 1.5590. There is strong supply in an ultra high volume in the background. According to the 30M time frame, I found that price is in a trading range. I found a symmetrical triangle. Therefore, the EUR/NZD is in a downward trend, I would look only […]
Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,335.25 in a high volume. According to the 15M time frame, I found strong broken falling wedge formation (bullish pattern). My advice is to watch for buying opportunities on the dips. The first take profit level is […]
Stocks Report: Bank of America Corp. Bank of America reversed from resistance zone Likely to fall to 12.70 and 12.00 Bank of America recently reversed down from the resistance zone […] The post HY Newsletter – Natural Gas Reversed From Support Zone appeared first on | HY Markets Official blog. Forex Related Posts:Technical Analysis of […]
