BuzzFeed reportedly backed out of an advertising deal estimated to be priced at $1.3 million with the Republican National committee due to objections to Donald Trump, the party’s presumptive nominee. BuzzFeed’s CEO Jonah Peretti stated in an e-mail to employees that the act of accepting Trump ads can be compared to accepting to run cigarette […]
Federal Reserve Chairperson Janet Yellen confirmed that there will be no increase in short-term interest rates until the new uncertainties affecting the economic outlook are mitigated. She stated that the recent job reports elevated uncertainties about the U.S. economic outlook and making the expected increase less likely, quashing expectations of an increase in July. Discussion […]
Global macro overview for 07/06/2016: In her yesterday’s speech at the World Affairs Council of Philadelphia’s luncheon, Federal Reserve Chair Janet Yellen almost confirmed that the policymakers will not hike the short-term interest rates at the June or July meeting. This is quite an important change from the latest remarks when Fed officials were almost […]
Gold is consolidating sideways and may be forming a bullish flag pattern. The price has stopped its rise right under the daily Ichimoku cloud resistance. I believe a major low is in place, and a new uptrend has started. Black lines – bullish flag pattern This is a promising bullish flag pattern. If the price […]
We are now past NFP and Janet Yellen speech and the market seems to have come to terms with possibility of no rate hikes in the coming months. Yesterday Janet Yellen was perceived to be more dovish than expected and now according to current market pricing, the probability of a hike in July is below […]
General overview for 07/06/2016: As anticipated yesterday, the bottom for the wave C looks to have been found, and now the market might unfold an impulsive structure to the upside. The price is trading inside of the green bullish zone, and as long as the intraday support at the level of 121.87 is not clearly […]
General overview for 07/06/2016: The corrective cycle in wave (ii) retraced deeper than previously anticipated as the wave v is now rather close to the key zone between the levels of 1.2772 – 1.2754. Any breakout below this zone will invalidate the green bullish impulsive count. On the other hand, only a clear, impulsive breakout […]
Femsa, a Mexican bottling and retail company, purchased Big John, a Chilean convenience store, the company on Monday said. No financial details were disclosed. Big John currently has 49 stores located mainly in the Santiago metropolitan area. Femsa last year acquired a majority stake in Chilean pharmacy operator Socofar. The company said it would continue […]
The Reserve Bank of Australia voted to retain its interest rates and fell short of offering policy guidance, igniting the currency’s advance. Australia’s central bank maintained its interest rate at 1.75%. A majority awaited the RBA to continue slashing rates in August following it eased by a quarter point last month after inflation reached its […]
In Asia, Japan will release the Leading Indicators and 30-y Bond Auction, and the US will release some economic data such as the Consumer Credit m/m, IBD/TIPP Economic Optimism, Revised Unit Labor Costs q/q, and Revised Nonfarm Productivity q/q. So there is a probability the USD/JPY will move with low to medium volatility during this […]
AUD/USD is starting to look good for a drop from here since our analysis yesterday. The RSI has formed a bearish divergence vs the price and gives us more confidence of a drop from here to 0.7225. We’re also at a key fibonacci retracement level now. Trading recommendations: Sell now Take profit at 0.7225 Stop […]
AUD/NZD is right on our stop loss level from yesterday forming a very bearish reversal candlestick pattern. We will raise our stop loss slightly to 1.0400 which is a fractal resistance level based on multiple fibonacci levels and play a position down to 1.0620 for a low-risk, high-reward trade. The RSI is also on a […]
EUR/USD: This pair simply went flat on June 6, but a closer look at the market reveals that bulls are still willing to push the market further upwards. Since there is a Bullish Confirmation Pattern in the market, the resistance lines at 1.1400, 1.1450 and 1.1500 would be tested as the price goes further upwards. […]
When the European market opens, some economic news will be released such as the Revised GDP q/q, French Trade Balance, French Gov Budget Balance, and German Industrial Production m/m. The US will release economic data too such as the Consumer Credit m/m, IBD/TIPP Economic Optimism, Revised Unit Labor Costs q/q, and Revised Nonfarm Productivity q/q. […]
USDX is still forming a lower low pattern below the resistance level of 94.30 on the H1 chart, without major moves after the Fed’s Yellen speech, during yesterday’s session. The greenback could be looking to break the support level of 93.89, in order to extend the decline toward the 93.50 level. However, a corrective rebound […]
The cable found a bottom around the 1.4351 level after the recent polls that showed a small favoritism by the “Brexit” option, and it pushed the pair lower without filling the bearish gap in the weekly opening. Currently, GBP/USD is looking to fill that space, which coincides with the 200 SMA, where a pullback could […]
Senior US officials implored China to downscale hindrances for foreign businesses, saying woes have escalated because of a more complicated regulatory environment. After numerous government probes hitting foreign entities and the implementation of a national security law curbing the usage of technology, foreign business sentiment has dwindled. American business groups also expressed their exasperation regarding […]
Hillary Clinton has reached the majority of the delegates required to make her the presumptive nominee of the Democratic Party. Clinton has attained the majority of 2,383 delegates, with the combination of 1812 pledged delegates and 572 super delegates. Meanwhile, her opponent Bernie Sanders has 1566 delegates, with 1, 520 pledged and 46 super delegates. […]
Verizon Communication Inc. planned to unveil a second proposal to acquire Yahoo Inc.’s core internet unit for approximately $3 billion. People privy to the dealing disclosed the telecommunications company was awaited to hit the Monday deadline to present its new offer. They added Yahoo will conduct at least one series of biddings, which could change […]
Overview Gold price managed to touch our first target at 1,243.17 and closed above it last week, which opens the way to continue the bullish wave on the longer term basis. It can help to reach the previously recorded top at 1,303.58 as the next main target. The price needs to build good support base […]
Overview Silver price gained good profit last Friday, having reached the first target at 16.37. Currently, the price advances further, reinforcing the expectations of the continuation of the bullish trend on the longer term basis, especially after silver closed last week’s trading above the mentioned level. Therefore, we believe that the way is open to […]
On December 7, a bullish breakout above 1.3450 (upper limit of the recent consolidation range) enhanced the bullish side of the market. Hence a bullish visit to the resistance at 1.4120 (Fibonacci Expansion 100%) occurred. Bullish persistence above 1.4150 enhanced the bullish side of the market towards 1.4650 (141.4% Fibonacci expansion) where an evident bearish […]
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 […]
Recently, EUR/NZD has been moving upwards. The price tested the level of 1.6414 in an average volume. According to the 4H time frame, I found an evening-star formation, which is a sign that buying looks risky. Watch for potential selling opportunities on pullbacks. Take profit level is set at the price of 1.6230. If the […]
Since our previous analysis, gold has been moving upwards. The price tested the level of $1,248.54 in a high volume. According to the 5M time frame, I found upward pressure and successful testing of supply in a low volume. Watch for buying opportunities on dips. The trend is upward. Intraday take profit level is set […]
Stocks Report: JD.com, Inc. JD reversed from resistance zone Likely to fall to 22.00 JD recently reversed down from the resistance zone lying between the resistance level 24.50, upper daily […] The post HY Newsletter – FTSE 100 Reversed From Support Zone appeared first on | HY Markets Official blog. Forex Related Posts:Technical Analysis – […]
The United States has warned China to resolve steel overcapacity, reiterating it is hampering global markets. US Treasury Secretary Jack Lew, who is in China before an annual convention between American and Chinese to talk over security and trade, said excessive supply could greatly affect the Chinese economy. He added misallocation of resources would prompt […]
Good morning!Somero Enterprises Inc (LON:SOM)Share price: 156.5p (down 1.9% today)No. shares: 56.2mMarket cap: £88.0m(At the time of writing, I hold a long position in this share)Trading update – this update is ahead of the AGM tomorrow. I like the concept of putting out a trading update the day before the AGM, as it gives everyone time […]
Good morning!Somero Enterprises Inc (LON:SOM)Share price: 156.5p (down 1.9% today)No. shares: 56.2mMarket cap: £88.0m(At the time of writing, I hold a long position in this share)Trading update – this update is ahead of the AGM tomorrow. I like the concept of putting out a trading update the day before the AGM, as it gives everyone time […]
