Stocks Report: JD.com, Inc. JD broke support level 22.00 Likely to fall to 20.00 JD continues to fall – following the earlier breakout of the major long-term support level 22.00, […] The post HY Newsletter – Gold Rising Inside C-wave appeared first on | HY Markets Official blog. Commodities Related Posts:Trading Signals for GOLD (XAU/USD) […]
Recently, EUR/NZD has been moving downwards. As I had expected, the price tested the level of 1.5923 in an high volume. According to the 1H time frame, I found a broken bearish flag, which is a sign that downward pressure may continue. Also, I found successful re-test of the channel and my advice is to […]
Still in a bearish short-term trend and trapped in a longer-term triangle, EUR/USD is approaching important support at 1.1150 area. Holding above 1.11 could keep the chances of a new upward move towards 1.15 alive. Red line – short-term resistance Trend line EUR/USD is trading below the 4-hour Kumo (cloud) and below the short-term red […]
Overview: On the one-hour chart, the NZD/USD pair continues moving in a bullish trend from the support levels of 0.7006 and 0.6963. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. Immediate support is seen at 0.7006, which coincides […]
USD/CAD is testing important resistance area of 1.2870-1.29. As long as it stays below this level, there is a chance that we will see new lows towards 1.2550, but overall I remain medium-term bullish expecting new highs near 1.33 to be achieved. The short-term trend is bullish but with several reversal signs. The price is […]
Overview: The USD/CHF pair broke resistance, which turned into strong support at the level of 0.9611 last week. The level of 0.9611 coincides with the last bearish wave, which is expected to act as major support today. Since the trend is above the 0.9611 level, it means the market is still in an uptrend. From […]
Pound Stable After Global Volatility Morning Report: 06.30 London • This morning, the pound is on a firmer footing after setting off a wave of global volatility this week. Equities across the world have dipped, with the FTSE 100 falling by 2% yesterday. […]
Are there exploitable lead-lag relationships between bonds and stocks, perhaps because bond investors are generally better informed than stock investors or because there is some predictable stocks-bonds rebalancing cycle? To investigate, we examine lead-lag relationships between bond exchange-traded fund (ETF) returns and stock ETF returns. We consider iShares iBoxx $ Investment Grade Corporate Bond (LQD) […]
European shares accelerated after the Federal Reserve’s dovish remarks alleviated anxieties of investors over the looming Brexit. There is a possibility the US central bank will retain its interest rates later in the day, clouding worries the United Kingdom might exit the European Union following the June 23 in/out referendum. That stipulation has plagued markets […]
In the advent of June 23 referendum, which will decide on the country’s relations with the European Union, unemployment rate in the United Kingdom touched its 11-year trough while wage growth improved. The Office for National Statistics reported the jobless rate dropped to 5%, its lowest since 2005. The number of employed people climbed to […]
After finding the support level at 0.7150, AUD/USD moved higher, although price rejected the 50% and then 38.2% Fibonacci levels. At the same time, the price is rejecting the downward trend line and the 50 Moving Average. All these facts make the 0.7400 level a very strong resistance holding the pair from moving higher. This […]
EUR/USD found the top at 1.1600; after that it declined rapidly. While moving lower it broke below the ascending channel and the 200 Moving average. The Fibonacci applied to the channel breakout point shows that price broke below the 23.6% level (1.1185) and after a strong correction up it rejected the 61.8% level (1.1400). Overall […]
Good morning!We’re seeing a relief rally today, as the latest poll last night showed a small lead for the remain side. The last few days have certainly been a wake-up call to those of us who believe that a leave vote is the best thing for the country i…
Good morning!We’re seeing a relief rally today, as the latest poll last night showed a small lead for the remain side. The last few days have certainly been a wake-up call to those of us who believe that a leave vote is the best thing for the country in the long run (and I fully […]
Good morning!We’re seeing a relief rally today, as the latest poll last night showed a small lead for the remain side. The last few days have certainly been a wake-up call to those of us who believe that a leave vote is the best thing for the country in the long run (and I fully […]
China’s May new yuan loans jumped from 555.6 billion yuan in the previous month to 985.5 billion yuan ($149.56 billion), beating expectations of analysts. Broad M2 money supply (M2) increased by 11.8 percent from last year, below forecasts, the central bank added on Wednesday. Outstanding yuan loans grew 14.4 percent by month-end on an annual […]
Japanese telecommunications company SoftBank Group Corp on Wednesday said it is expecting to gain between 200 billion yen and 250 billion yen ($1.9 billion-$2.4 billion) in profit this fiscal year on its Alibaba Group Holding shares sale. SoftBank, the third-biggest Japanese wireless carrier, said it plans this month to sell Alibaba shares worth $10 billion […]
I’m writing this on Tuesday afternoon, after an action-packed morning for the SIF portfolio.
In this column I’ll take a look at the latest results from Norcros and at Go-Ahead’s costly year-end trading update. I’ll also follow up on the comments I made last week about the shortage of true defensive stocks in the portfolio. What kind of company are we missing, and why?
Norcros edges higher on solid results
Tuesday was a down day for the markets. Bad news generated a much stronger reaction than good news. Recent portfolio addition Norcros headed into the close just 2% higher on Tuesday evening, despite reporting a 29% increase in underlying pre-tax profit, which rose to £20.4m.
Shareholder and small cap editor Paul Scott took a detailed look at yesterday’s results from Norcros. You can read Paul’s comments here.I share Paul’s view that with a strong balance sheet and a P/E ratio of about 7, it’s hard not to see value in Norcros. The only thing I’d add to Paul’s commentary is to emphasise that free cash flow remains strong at Norcros. This is important, in my view.
When companies are growing by acquisition, management…
I’m writing this on Tuesday afternoon, after an action-packed morning for the SIF portfolio. In this column I’ll take a look at the latest results from Norcros and at Go-Ahead’s costly year-end trading update. I’ll also follow up on the comments I made last week about the shortage of true defensive stocks in the portfolio. […]
EUR/USD: The EUR/USD pair went down by 90 pips on Tuesday, now below the resistance line at 1.1250 and above the support line at 1.1200. Since there is a Bearish Confirmation Pattern on the chart, it is expected that price could continue going downwards, reaching the support line at 1.1150, which is our target for […]
The US dollar index broke above 95 yesterday confirming the bullish trend. Early today we see a pullback that can be shallow at the level of 94.70 where the first short-term support is found. The dollar index broke above the 4-hour Kumo resistance and now it is testing it. Support is at 94.70. Resistance is […]
Gold continued moving higher yesterday towards $1,290 making a higher high. The upside potential is limited, so gold bulls should be very cautious and raise their protective stops. I continue to expect a pullback soon. Blue lines – bullish channel Gold is trading inside a bullish channel. The trend is bullish, but the oscillators give […]
Global macro overview for 15/06/2016: Today, crude oil inventories data will be released at 04:30 pm GMT, and market participants are expecting another drawdown of -3000k barrels (-3220k barrels prior). On June 14, the International Energy Agency (IEA) released a report forecasting that the demand for crude oil at the global market will rise in […]
USD/JPY is expected to trade with a bearish bias. The pair touched a low of 105.60 yesterday before posting a rebound. However, the rebound is currently losing steam, while the pair is struggling to hold the handle at 106.00. On Tuesday, US stock indices closed lower again chalking a losing streak of four sessions. Investors […]
The yuan dropped to a more than five-year low against the dollar as it strengthens due to the increasing anxiety that Britain may leave the EU and as the financial market grows wary of a possible U.S. Fed Reserve policy decision later today. Yuan plunged to an intraday low of 6.6047 per dollar, the lowest […]
Pakistani stocks rose most this year after MSCI Inc.’s call to include Pakistan in its index of emerging markets for the first time. The Karachi Stock Exchange Index hiked 2% as of 10 a.m., the largest recorded gain since December 2015. Shares climbed as much as 2.9% earlier in the day. Pakistani stocks raised by […]
A report by a local media that Samsung is planning to make a 25 trillion won ($21.22 billion) investment by next year to strengthen 3D NAND memory chip capacity has been denied by the tech giant. One the world’s top memory chip maker, Samsung said the Korea Economic Daily’s report was not true, and that […]
USD/CHF is expected to trade with a bullish bias. The pair is trading sideways within its intraday range pattern and is likely to challenge the next resistance at 0.9690. Even though a consolidation cannot be ruled out at the current stage, its extent should be limited by the support base at 0.9605. To sum up, […]
NZD/USD is expected to trade in a lower range as it is capped by a negative trend line. The pair has been capped by a descending trend line since June 13 and remains on the downside. At the same time, both the 20-period and 50-period moving averages are heading downward. Last but not least, the […]
Global macro overview for 15/06/2016: The main event of the week, the FOMC interest rate decision, economic projections, and the press conference are scheduled for 06:00 pm GMT today. Global investors do not expect any change in interest rates, and this attitude is being supported by the CME FedWatch tool – the current implied probability […]
