We can see that EUR/AUD is right on the major support now. It has formed a double bottom and is right on ‘neckline’ support. It’s right on channel support, moving average support and fibonacci support (38% retracement). Along with that, it is also on stochastics (34) supports. We look to see a strong bounce from […]
When the European market opens, some economic news will be released such as ZEW Economic Sentiment, German ZEW Economic Sentiment, and German Constitutional Court Ruling. The US will not release any economic data but only Fed Chair Yellen Testifies. Therefore, amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’S […]
In Asia, Japan will release the all Industries Activity index m/m and Monetary Policy Meeting Minutes. The US will not release any economic data but only Fed Chair Yellen Testifies. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 104.51. Resistance. […]
USDX is finding a strong support around the 93.43 level on H1 chart, where we’re currently seeing a possible double bottom pattern. That would put us into a possible bullish scenario for coming days, at least to attempt to break the resistance level of 94.07. However, if the index does a consolidation below the 93.43 […]
On H1 chart, GBP/USD has been performing in favor of the bullish bias, as the recent polls favored for a possible “Bremain” option to be the winner this Thursday in the Referendum in UK. A bullish gap left at weekly opening hasn’t filled yet. Eventually, the cable may find resistance around the 1.4730 level in […]
The appalling news of the British MP Jo Cox killing might have shifted market forecasts for a “Remain” result of the upcoming referendum on whether the UK should maintain its membership of the European Union. Jo Cox was in favour of the of the UK to stick with its EU membership and her murder could […]
While the main focus remains the main event of the week, market participants will turn their eyes to Janet Yellen testimony to Congress today. Yesterday, financial markets enjoyed a steep rally which was fueled by polls suggesting UK is more likely to remain in the EU, with 2 days to go for the referendum. Currencies: Weekend […]
Two witnesses on Monday said an armed man has entered the central bank of Venezuela, and employees were stooped down in their offices. One of the sources said an armed person entered from the office in downtown Caracas, adding that they were shut down in their office and not aware what’s happening. The bank and […]
The People’s Bank of China has considered allowing commercial banks to do dealings in the offshore yuan market to bolster the two-way opening up of the foreign exchange market, based on its official microblog entry. In April, the nation’s foreign exchange regulator mentioned it will take measures to improve currency trading schemes and promote the […]
Brazil agreed to provide debt relief to state governments amounting to 50 billion reais ($15 billion) until 2018, seeking to offer a special loan to Rio de Janeiro prior to Olympics and beef up public services. Finance Minister Henrique Meirelles unveiled the debt relief as governors met with President Michel Temer, in which they would […]
Some Bank of Japan officials stipulated economies outside the country has continued to endanger the Japanese economy and prices. In the minutes of its policy meeting on April 27-28, policymakers refrained from bolstering its monetary stimulus, pushed back the timing for attaining its 2% price target, and cut inflation projections. The BOJ attributed its decision […]
Mitsubishi Motors Corp. is expected to announce net losses for the current fiscal year due to its mileage cheating issue. The compensation paid to owners of certain models that had manipulated fuel economy tests and the decline in local vehicle sales is anticipated to impact the firm’s bottom line, according to a report by the […]
Oil prices sagged in early Asian trade after a two-day gain that was fueled by the receding concerns that the United Kingdom would leave the European Union after the referendum this week as the market focuses on output issues. U.S. crude declined by 18 cents at $49.19 a barrel. Brent crude futures was down 31 […]
Overview Since morning the gold price has been steadily trading sideways in a tight range above the EMA 50. Stochastic gets rid of its negativity and gathers clear positive momentum on the four-hour time frame, which forms a positive motive that we are waiting to help the price resume the expected bullish trend for the […]
Overview The silver price shows sideways trading near the EMA50. Stochastic approaches from negative overlapping signal that might push the price to test the key support 17.00 before any new attempt to rise. In general, the bullish trend scenario is still valid and active on the intraday and short-term bases conditioned by the price stability […]
Recently, EUR/NZD has been moving sideways at the price of 1.5930. According to the 1H time frame, I found a broken bearish flag formation. In the background, I saw a sharp decline in a heavy volume, which is a good sign that sellers are in control. According to the daily time frame, I found successful […]
Wave summary: We are still locked in a small wave iv consolidation, which is expected to give way for a decline closer to 1.5604 to end the first impulsive wave in wave C lower to 1.4471. The break below the triangle support-line near 1.6230 shifted the focus lower towards 1.4471 in wave C of a […]
Wave summary: The rally of the 115.46 does display impulsive characters indicating more upside to be expected. Short term, a break above minor resistance at 119.50 will be needed to confirm that a firm bottom is in place at 115.46 for a continuation higher towards 121.13 and possibly even higher to 122.14 in wave iii. […]
General overview for 20/06/2016: The downward corrective structure in wave 2 looks so far as a typical zig-zag structure, so it might target the 61%Fibo at the level of 1.2819 before it will terminate. Nevertheless, it is worth to mention that this king of correction might evolve into a double or even triple zig-zag, so […]
General overview for 20/06/2016: The abc corrective cycle in wave (b) must terminate below the level of 119.46, otherwise the main count will be replaced by an alternative count. This would mean the bottom for the wave Y brown would be in place at the level of 115.48, and the current upward wave progression would […]
When the European market opens, some economic news will be released such as the German Buba Monthly Report and German PPI m/m. The US will not release any economic data today. So, EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.1401. Strong Resistance: 1.1394. Original Resistance: […]
In Asia, Japan will release the Trade Balance, but the US will not release any economic data today. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 105.24. Resistance. 2: 105.05. Resistance. 1: 104.83. Support. 1: 104.58. Support. 2: 104.38. Support. 3: […]
AUD/NZD shows great support at 1.0400, and we’ve seen the price complete a wave c/ at that level. The first resistance we’re seeing is at 1.0550, which is a graphical resistance level, fibonacci retracement level and a fibonacci projection level (so we shouldn’t try to play a rise above 1.0550 yet). 1.0400 is a big […]
We can see fractal resistance at 0.7100 (graphical resistance, fibonacci retracement, 1.0 fibonacci extension) that has the RSI right below a descending resistance line. This gives us a good conviction of a drop from here to at least 0.7015. Trading recommendations: Sell now below 0.7100 Stop loss at 0.7150 Take profit at 0.7015 The material […]
Global macro analysis for 20/06/2016: According to the Australian Bureau of Statistics, the Australian employment change advanced in May up to a seasonally adjusted 17.9k, up from the 10.8k in April. Analysts has been forecasting only a 15.0k increase, so the estimates were beaten by this outstanding data. Moreover, the unemployment rate in Australia remained […]
Global macro analysis for 20/06/2016: At the start of the new week, the referendum week, the British pound soars, as the new poll data released over the weekend showed increasing support for the Remain Campaign in the United Kingdom. Survation reported a 45 to 42 preference for a Remain vote while an analogous poll from […]
Stocks Report: Vipshop Holdings Limited VIPS falling inside intermediate impulse wave (3) Further losses likely toward 10.20 VIPS has been falling in the last few trading sessions inside the intermediate […] The post HY Newsletter – Brent Crude Oil Reversed From Support Zone appeared first on | HY Markets Official blog. Commodities Related Posts:Trading Signals […]
When it comes to exploring the ways in which human emotions cause investing mistakes, a simple illustration can be a big help. With that in mind, here’s a question…
Let’s say you and I play a game based on the flip of a fair coin. If you call it correctly, you win £110. But if you lose, you pay me £100. Does that sound like an appealing proposition?
Research suggests that you’ll probably tell me where to go. In fact, when presented with this gamble most people demand a much, much higher potential payback. Tests have shown that the average player offered this type of challenge demands a win of around £200 to accept it (and often a lot more).
The reason for that comes down to human emotion. Typically, we feel the pain of a loss much more than the satisfaction of a win. So what’s needed is a gain-to-loss ratio of something like 2-to-1 for the average punter to feel comfortable with this game. In behavioural science this is the essence of something called loss aversion.
The pain of losing
On its own, loss aversion has been blamed for one of the reasons why investors sell winning positions too readily and hold losing…
When it comes to exploring the ways in which human emotions cause investing mistakes, a simple illustration can be a big help. With that in mind, here’s a question… Let’s say you and I play a game based on the flip of a fair coin. If you call it correctly, you win £110. But if […]
Good morning!This is now the last week of the Brexit campaign, thank goodness. I expect many people are, like myself, heartily sick of the whole thing. Especially when tragedy struck last week, in the senseless murder of that lovely lady MP. That shouldn’t affect the vote, but I think it will – as a reminder that […]
