President Donald Tusk of the European Union on Thursday urged the global community to show unity on the refugee crisis, and to recognize it as a global problem. Tusk said he asked for G7’s support to increase global assistance for the immediate and long-term needs of refugees. At a briefing before the Group of Seven […]
The British pound jumped for a third day, reaching a three-week high versus the dollar, as a poll conducted by Michael Ashcroft, a former Conservative lawmaker, revealed that nearly 65 percent of votes believe the UK will stay in the European Union after the referendum Sterling jumped 0.1 percent to $1.4718 as of 6:30 a.m. […]
The Brexit issue or Britain’s looming decision to leave or stay in the European Union has been in and out of headlines for the past few months. What went on so far and what’s coming up next? Here’s a quick rundown of the dates you need to take note of. February 18-19: EU Summit Earlier […]
Japanese Prime Minister Shinzo Abe was poised to tour Group of Seven leaders to the Shinto religion’s holiest location ahead of convention discussing different global economic risks, including China’s maritime aggressiveness and refugee crisis. President Barack Obama and other G7 leaders would visit the grounds of Ise Grand Shrine, dedicated to sun goddess Amaterasu Omikami, […]
Brent settled above $50 per barrel for the first time in six months after US crude stockpiles dropped lower than projected. Brent to be delivered in July traded at $50.08 a barrel, up 34 cents. On Wednesday, futures ended at $49.74 a barrel, up $1.13. West Texas Intermediate for July delivery stood at $49.88 a […]
Overview The USD/JPY pair returns to test the EMA50 that forms the key resistance at 110.15, waiting to surpass this level to reinforce the expectations for bullish trend continuation on the short-term basis. Stochastic attempts to gather the positive momentum gradually on the daily time frame. Therefore, we still expect the bullish trend in the […]
Overview The EUR/JPY pair has repeated its fluctuations around 122.35 recently, forming a new support base and limiting the price within the bullish level. Besides, holding the key support at 121.10 confirms price bullish attempts in the upcoming period. The price is likely to reach the first target at 124.60, followed by 126.50 levels that […]
Overview According to the attached H4 chart, the silver price ended yesterday’s trading below the bullish channel’s support line shown on the chart. This activates the negative scenario that targets 15.87 followed by 15.37 levels on the near-term basis and extends the negative effect of the previously completed head and shoulders pattern, the signs of […]
Overview The gold price showed a strong break of the $1,243.17 level and closed the daily candlestick below it. This stops the recently suggested positive scenario and puts the price under the correctional bearish pressure again, opening the way to the 38.2% Fibonacci level located at $1,205.80. Therefore, bearish bias will be suggested for the […]
On January 28, the depicted support at 0.6400 acted as a prominent key level offering a valid buy entry. The 0.6550 level was broken a few weeks ago. Bullish persistence above 0.6550 (depicted recent support) was necessary to keep the price moving towards higher bullish targets. During February’s consolidations, the price zone of 0.6760-0.6840 constituted […]
EUR/USD: The EUR/USD pair traded further downwards on Tuesday partly owing to the ongoing stamina in USD. The price has gone below the resistance line at 1.1150, targeting the support line at 1.1100. Since there is a bearish confirmation pattern in the market, it is rational to think that the price could go below that […]
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 […]
Recently, EUR/NZD has been moving downwards. As I expected, the pair tested the level of 1.6459 in a high volume. My downward target at the price of 1.6560 has been reached. The supply is still strong and the volume is high. According to the 1H time frame, I placed Fibonacci expansion to find potential downward […]
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 […]
Since our previous analysis, gold has been trading downward. As I expected, the price tested the level of $1,220.35 in a high volume. According to the 15M time frame, I found strong downward momentum and a few up-thrust bars (supply overcame demand). I also found resistance cluster at the price of $1,222.60, which was held […]
In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010. Hence, a long-term bearish target is projected towards 0.9450. In March 2015, the EUR/USD bears challenged the monthly demand level of 1.0570 which had been previously […]
Overview: The NZD/USD pair continues to move upwards from the level of 0.6711. Today, the first support level is seen at 0.6711; the price is moving in a bullish channel now. Furthermore, the price has been set above the strong support at 0.6711. Accordingly, we expect the NZD/USD pair to trade between 0.6711 and 0.6817. […]
Overview: The USD/CHF pair faces resistance at 0.9967 and 1.0014. Moreover, the double top is found at 0.9940. Thus, the pair is likely to trade in a range between 0.9940 and 1.0014 levels today because it is still moving in uptrend. However, the support is seen at 0.9866. Therefore, it will be quite profitable to […]
The People’s Bank of China assigned its lowest daily fixing rate for yuan against the US dollar, the weakest level since March 2011. The rate was set at 6.5693, the lowest level since Tuesday. The onshore currency declined to 6.5642, down 0.2%, touching its three-month through. But the offshore dollar was still at 6.5677. The […]
Expect the European Central Bank to start small when it commences purchasing corporate debt by June, according to people privy about the matter. Sources added the central bank will first attempt to attract new issuers and then gradually increase the pace of buying to €5 billion to €10 billion. The move is part of ECB’s […]
I saw some fantastic comments on the site by Nick Ray (one of our community members) recently that got me thinking. He created some great 3D visualisations of StockRank data through time which allowed you to see how some shares had evolved within our StockRank Styles framework. For those of you who didn’t see it, […]
What are current estimates of annual premiums over risk-free rates demanded in each country by equity investors (equity risk premium, or ERP)? In their May 2016 paper entitled “Market Risk Premium Used in 71 Countries in 2016: A Survey with 6,932 Answers”, Pablo Fernandez, Alberto Ortiz and Isabel Acin summarize results of an April 2016 email survey […]
Good morning!PlacingsAn issue arose yesterday, where a share I hold dropped 20% because Tom Winnifrith revealed that the company was conducting a discounted Placing.I’m the first to agree that the whole system is bad. There’s no way shares should remain trading whilst a discounted placing is being organised. What this means is that a considerable […]
Good morning!PlacingsAn issue arose yesterday, where a share I hold dropped 20% because Tom Winnifrith revealed that the company was conducting a discounted Placing.I’m the first to agree that the whole system is bad. There’s no way shares should remain trading whilst a discounted placing is being organised. What this means is that a considerable […]
Governor Haruhiko Kuroda of the Bank of Japan on Wednesday said Japan’s economy sustained recovery, but said private consumption was inadequately weak. He told the parliament that the consumption is not strong enough, adding that increase in wages and household income was substantial for consumers to bolster spending. Kuroda rejected the idea of watering own […]
France’s CFDT head Laurent Berger said in an interview with Le Parisien on Wednesday that it would be “unacceptable” for the government to back down propose labor reforms in the light of CGT union-led strikes. Berger also added that the government has failed by an “absence of pedagogy” about the reform benefits that has left […]
Technical outlook and chart setups: Silver is seen to be trading at $16.25 levels at this moment after bouncing off $16.15 levels. Please note that another low could be made around $16.00 levels before pulling back. Please make note that $16.00 levels is the Fibonacci 0.618 support of the rally between $14.80 and $18.00 levels. […]
USD/CHF is expected to trade with bullish bias as the movement is supported by a rising trend line. The pair remains bullish, backed by a rising trend line (since May 23), and is looking for a higher top. Furthermore, the 20-period moving average stays above the 50-period one. Last but not least, the relative strength […]
NZD/USD is expected to trade with bullish bias. The pair failed to break below its horizontal support at 0.67, and is currently posting some consolidations. At the same time, the 50-period moving average is still heading downward, which indicates that the prices may have downside potential to go. Therefore, as long as 0.6730 holds on […]
USD/JPY is expected to trade with bullish bias. Overnight U.S. indexes posted a strong rebound, lifted by technology and financial shares. The Dow Jones Industrial Average rose 1.2% to 17706, the S&P 500 gained 1.4% to 2076, and the Nasdaq Composite was up 2.0% to 4861. On the economic front, new-home sales in the U.S. […]
