General overview for 26/05/2016: The internal corrective move is unfolding, so as long as the level of 124.02 is not violated, the count is correct and valid. Currently, there are almost all three waves completed, but this corrective wave might evolve into more complex cycle. Please notice the correction in wave 2 might extend higher […]
Good morning!Ed is doing an interesting-sounding webinar today at 12:30 – signup link here. The topic today is different ways of using the StockRanks system to find good shares.I see that Debenhams (LON:DEB) (in which I currently hold a long position) has appointed a new CEO. It’s noteworthy because he’s come from Amazon. So it shows how […]
Good morning!Ed is doing an interesting-sounding webinar today at 12:30 – signup link here. The topic today is different ways of using the StockRanks system to find good shares.I see that Debenhams (LON:DEB) (in which I currently hold a long position) has appointed a new CEO. It’s noteworthy because he’s come from Amazon. So it shows how […]
Good morning!Ed is doing an interesting-sounding webinar today at 12:30 – signup link here. The topic today is different ways of using the StockRanks system to find good shares.I see that Debenhams (LON:DEB) (in which I currently hold a long position) has appointed a new CEO. It’s noteworthy because he’s come from Amazon. So it shows how […]
Overview: The NZD/USD pair continues to move upwards from the level of 0.6692. The pair rose from the level of 0.6692 (the level of 0.6692 to a top around 0.6733. Today, the first support level is seen at 0.6692 followed by 0.6667, while daily resistance 1 is seen at 0.6764. According to the previous events, […]
Overview: The USD/CHF pair faced resistance at the level of 0.9969, while minor resistance is seen at 0.9937. Support is found at the levels of 0.9858 and 0.9790. Also, it should be noted that a daily pivot point has already seen at the level of 0.9900. Equally important, the USD/CHF pair is still moving around […]
What happens if we extend the “Simple Asset Class ETF Value Strategy” (SACEVS) with a real estate risk premium, derived from the yield on equity Real Estate Investment Trusts (REIT), represented by the FTSE NAREIT Equity REITs Index? To investigate, we apply the SACEVS methodology to the following four asset class exchange-traded funds (ETF), plus cash: 3-month Treasury bills (Cash) iShares 7-10 […]
Oil Prices Test $50 Morning Report: 06.30 London • This morning, the dollar index is reversing, as pressure from oil prices push the Greenback lower. Oil prices tested $50 yesterday. • The USD/JPY continues to […]
Iraq has received its initial accord for the $3 billion easy loans and grants agreement from the Islamic Development Bank. The fund will help the nation cope with a severe fall in oil revenue, a central bank spokesman said in an email. Earlier this month, Iraq agreed a $5.4 billion standby loan with the IMF. […]
Shares in Hong Kong on Thursday were little changed after previous session’s sharp gains, with worries on a potential U.S. interest rate hike limiting risk appetite. The Hang Seng index jumped 0.1 percent, to 20,397.11, while the China Enterprises Index declined 0.1 percent, to 8,526.19 points. The energy shares gained the most as Brent crude […]
Qatar surprised the Middle East when it sold $9 billion Eurobonds in three different maturities, nearly double the amount projected by analysts. A Bloomberg data showed the issue helped bolster this year’s bond sales from North Africa and the Middle East to $29.3 billion. Since oil prices have begun slumping in 2014, energy exporting countries […]
EUR/USD: The EUR/USD pair moved sideways on Wednesday, following the bearish run it performed on Tuesday, partly owing to the ongoing stamina in the USD. The price has gone below the resistance line at 1.1200, targeting the support line at 1.1150. Since there is a Bearish Confirmation Pattern in the market, it is rational to […]
We’ve a great new feature on the social trading platform. It’s called Editor’s Choice and you’ll find it here at the top of the Copy People Page. Editor’s Choice features a series of Popular Investors who we think that you might find especially interesting. It gives you a quick summary of their key data with […]
Gold price bounced towards $1,230 as we expected from our latest analysis where I said that I preferred to take profits as a bounce was imminent. The bounce could extend even towards $1,240-50 where I believe will be the next top before the final leg down towards $1,190-70. Black line – long-term resistance Blue lines […]
Wave summary: Of course, we needed a false rally followed by the expected decline closer to our ideal target at 122.12 (the low seen till now has been 122.23), with a low at 122.23 our corrective target has been fulfilled and the next impulsive rally can take hold any time now. A break above yesterdays […]
The Dollar index has finally shows some short-term reversal signs. The first leg up from 92 is over and a correction has started. Minimum target of this pullback is the 94.25 level. Blue lines – bullish channel The Dollar index has broken below the bullish channel and a corrective phase has started. Price is now […]
Wave summary: Despite the rally to 1.6715 another decline has been seen to a low of 1.6424 from where a new rally took place. As can be seen from the daily chart below, the correction from 1.6897 has been glued to the former resistance line that now acts as support. Once yesterday’s high at 1.6715 […]
USD/JPY is expected to trade with a bearish bias. Overnight U.S. indexes rallied further upon the prior session’s strong rebound, driven by financial, technology, energy, and commodity shares. The Dow Jones Industrial Average gained 0.8% to 17851, the S&P 500 rose 0.7% to 2090, and the Nasdaq Composite was up 0.7% at 4894. Nymex crude […]
Technical outlook and chart setups: The EUR/JPY pair formed a low yesterday at 122.25 level as expected before pulling back sharply. The pair is seen to be trading 122.70 level for now, and seems to have formed a meaningful bottom at 122.25 level. Though the wave structure is still inclined towards a bearish mode, till […]
Technical outlook and chart setups: The GBP/CHF pair inched higher yesterday hitting 1.4600 level, before dropping lower again. The pair is seen to be trading at 1.4550 level at this moment, and it is setting up for a continued drop lower, at least towards the trend line support as depicted here. Please also note that […]
Technical outlook and chart setups: Silver remained just shy of $16.00 level yesterday and bounced off $16.15 level. The metal is seen to be trading at $16.40 level at this moment and seems it has formed a meaningful low yesterday. The wave structure reveals that the metal could be underway to push higher through $16.60 […]
When the European market opens, some economic news will be released such as Italian 10-y Bond Auction and Italian Retail Sales m/m. The US will release a series of economic reports such as Natural Gas Storage, Pending Home Sales m/m, Durable Goods Orders m/m, Unemployment Claims, and Core Durable Goods Orders m/m. So amid the […]
In Asia, Japan will release the SPPI y/y. The US will release a series of economic data such as Natural Gas Storage, Pending Home Sales m/m, Durable Goods Orders m/m, Unemployment Claims, and Core Durable Goods Orders m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this […]
Technical outlook and chart setups: Gold has rallied from yesterday’s lows and is seen to be trading at $1,232.00/33.00 levels at this moment. The yellow metal may be pulling back in a corrective manner to find resistance around $1,235.00/40.00 and reverse or unfold into an impulse wave to confirm that a bottom is in place […]
On H1 chart, USDX is currently making a pullback to correct the bullish bias held since recent days. The declines could go toward the 200 SMA, where a dynamic support can be found. A breakout above the resistance zone of 95.68 will give more momentum to bulls on a short-term basis toward the 96.14 price […]
GBP/USD had another rally day after it broke the highs from the May 19th session. Currently, we expect a breakout higher of the resistance zone of 1.4723 in order to reach the psychological zone around the 1.4800 level. However, a pullback can happen to correct the current bias, at least toward the 1.4662 level in […]
NZD/USD is expected to trade with a bearish bias. The pair has struck against its key resistance at 0.6770, and is now turning down. Meanwhile, the relative strength index is below its neutrality area at 50, and is displaying strong downside momentum. Besides, a bearish cross has been identified between the 20-period and 50-period moving […]
GBP/JPY is expected to post some further upside targets. Currently trading at 160.75, the pair is well supported by its rising 50-period moving average, while the 20-period moving average also stays above the 50-period one. The bias remains bullish and further bounce is expected with the next target set at 162.55 at first. Trading Recommendations: […]
The Australian Competition and Consumer Commission (ACCC) on Thursday said that a proposed A$9.1 billion ($6.5 billion) buyout of Asciano Ltd, a rail and port giant, by a host of global investors may affect competition in Australia’s rail freight industry. The antitrust watchdog said the planned planned takeover by Canada’s Brookfield Asset Management Inc. and […]
Britain has the call whether to stay in or exit the European Union in the referendum scheduled for June 23. However, Foreign Minister Wang Yi reiterated they are hoping to witness a more progressive Europe making a difference in the world economy. Diplomats said China has been anxious on the impact of Brexit and its […]
