Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4350/55 levels at this moment, looking to push higher towards 1.4700/10 levels. Please note that 1.4700/10 level is also the fibonacci 0.618 resistance level of the entire drop from 1.5570 through 1.3400 respectively. A bearish reaction should be expected at those […]
Wave summary: With a low seen at 1.6434 followed by a strong rally above the resistance-line near 1.6590 red wave [ii] clearly is over and red wave [iii] higher towards 1.6988 and likely even higher to 1.7273 is expected. Short term, support is now seen at 1.6640 with back-up support seen at 1.6603, but we […]
Wave summary: We have seen the expected decline towards the ideal 122.12 target for wave [ii] from where a new strong rally higher to above 124.05 and more importantly above resistance at 124.65 should be seen confirming a strong test of important resistance at 126.47, which is the pivot point between the bearish or the […]
French CGT and FO union oil workers agreed on Monday to start a strike at the Port Jerome refinery of Exxon Mobil, the unions said. CGT also said Le Havre’s port workers also voted to strike. Workers at Port Jerome will join the nationwide protest that started in March, aiming to force the government to […]
Mexico’s Economy Ministry said the foreign direct investment (FDI) of the country jumped 4.3 percent to $7.896 billion, marking a record high for the first quarter. It was above last year’s $7.5 billion. The increase includes $2 billion Teva Pharmaceutical Industries paid to buy Mexican pharmaceutical firm Rimsa. The U.S. accounted for about 29% of […]
The central bank of Singapore ordered BSI Bank Ltd. to stop its operation amid investigation at the possible money laundering related to a troubled Malaysian state fund. On Tuesday, it issued a statement saying that the Monetary Authority of Singapore gave BSI Bank a notice to withdraw its status as a merchant bank in Singapore […]
Outgoing Reserve Bank of Australia Governor Glenn Stevens reiterated the central bank sees no necessity to amend its current inflation target, saying the framework had become a great tool for implementing monetary policies. Speaking to the Trans-Tasman Business Circle, Stevens said the 2% to 3% inflation target does not warrant knee jerk acts from policymakers. […]
The minutes of the latest FOMC meeting released last week put a June rate hike on the table. Fed officials are now surprisingly hawkish, rallying for an increase that was initially expected in September. Philadelphia Fed President Patrick Harker said that a rate increase in the next policy meeting is “appropriate,” but should data released […]
A London court slapped Christie’s Auction House with a total of £3455 on Monday for auctioning an elephant tusk on its website. Christie’s pleaded guilty to the charges. A raw ivory ornament designed in 1880 was included in the auction house’s for sale items. It is worth between £1,200 and £1,800, according to experts. The […]
All sugar-sweetened beverage of Coca-Cola is currently on hold in Venezuela due to a supply shortage of sugar. Production of drinks without sugar such as Diet Coke and Coke Zero are uninterrupted. The company’s sugar suppliers will temporarily stop their operations due to dearth of raw materials, company spokesperson Kerry Tressler said in an emailed […]
The US House of Representatives rejected a legislation mandating cell phone providers to share a phone’s location with authorities in case of emergency. With 229-158, the Kelsey Smith Act failed to strike lawmakers, falling to attain the two-thirds majority necessary to hasten the passage of the bill. Civil liberties groups have strongly opposed the measure, […]
Gold prolonged its four-day slump as more Federal Reserve officials made their case for increasing interest rates, denting the yellow metal’s appeal and the outlook for the US dollar. Philadelphia Fed chief Patrick Harker and San Francisco Fed head John Williams are projecting two to three rate increases in 2016. Previously, the central bank hinted […]
Stocks Report: E-Commerce China Dangdang DANG reversed from resistance zone Likely to fall to 5.300 DANG recently reversed down from the resistance zone lying between the resistance level 5.800 and […] The post HY Newsletter – FTSE 100 Reversed From Strong Support Level appeared first on | HY Markets Official blog. Forex Related Posts:Analysis for […]
Stocks Report: Apple Inc. Apple broke support zone between 95.00 and 92.30 Likely to fall to 90.00 and 87.30 Apple recently broke through powerful support zone between price levels 95.00 […] The post HY Newsletter – Natural Gas reversed from resistance zone appeared first on | HY Markets Official blog. Forex Related Posts:Technical Analysis – […]
Overview The EUR/JPY price did not provide any signals until the recent repeated confinement between 123.00 levels as an initial support and the stability of 124.60 against the last bullish attempts. Therefore, we expect the price to fluctuate in a sideways range in the near period until breaching 124.60 levels and then resuming gains and […]
Overview The gold price has not shown any strong moves since morning, still steadily fluctuating within a tight track above the $1,243.17 level. Therefore, there is no change in the bullish trend scenario that is supported by stochastic reaching the thresholds of the oversold areas. The price is likely to breach $1,274.70 levels to open […]
Overview The USD/JPY pair continues its attempts to surpass the EMA50 that forms a strong resistance at 110.20. The price needs to breach this level to confirm the extension of the current bullish wave to 113.97. Stochastic’s current negativity explains the reasons for the last sideways fluctuation. In general, we still project the bullish trend […]
Overview The silver price continues fluctuating steadily within a sideways track above 16.37 and 16.20 levels shown on the chart. This keeps the bullish trend scenario valid and active for the upcoming period. The price is likely to test 17.00 levels initially; a breach of this level will push the price towards 18.00 directly. Note […]
EUR/JPY continues trading near the 122.00 support area. At the same time, it fails to produce a higher high which is a sign that the trend is still bearish. The pair rejecting the downtrend trendline and remains below the 200 Moving Average. Consider selling EUR/JPY on small pullbacks near 123.00, targeting 161.8% Fibs applied to […]
EUR/NZD finally broke below the strong support near 1.6580 with the H4 close below the 200 Moving Average. The pair rejected the downtrend trend line and broke below the uptrend trend line. The Fibonacci applied to the uptrend trend line’s breakout shows the potential downside target at 0% Fibs – S2 (1.6370). Consider selling EUR/NZD […]
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 […]
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 […]
Recently, EUR/NZD has been moving downwards. As I expected, the pair tested the level of 1.6470 in a high volume. According to the 1H time frame, I found a sign of strength. A bearish bar in a high volume but closed in the middle. For me, this is a big warning for sellers. After the […]
Since our previous analysis, gold has been trading sideways at the price of $1,249.00. According to the M1 time frame, I found a massive volume spike (selling climax), which is a sign of strength. A wide-spread bearish bar is in an ultra-high volume, but notice that the bar closed in the middle. If professional traders […]
Overview: The GBP/USD pair broke support which turned to strong resistance at the level of 1.4500. The level of 1.4500 is expected to act as major resistance today. From this point, we expect the GBP/USD pair to continue moving in a bearish trend from the resistance level of 1.4500. Currently, the price is moving in […]
VietJet Aviation, Vietnam’s only private airline, inked a $11 billion deal with US-based aircraft manufacturer Boeing Co. during President Barack Obama’s state visit in Vietnam. VietJet is known for its bikini-wearing flight attendants. VietJet will purchase 100 Boeing 737 Max 200 airplanes worth $11.3 billion. The planes will be delivered starting in 2019 until 2023 […]
Good morning!Lakehouse (LON:LAKE)Share price: 35pNo. shares: 157.5mMarket cap: £55.1m(at the time of writing, I hold a long position in this share)Meeting – A friend very kindly arranged for a small group of us to meet the new Chairman and existing FD at Lakehouse (LON:LAKE) last Friday afternoon. They were very generous with their time, and over […]
Good morning!Lakehouse (LON:LAKE)Share price: 35pNo. shares: 157.5mMarket cap: £55.1m(at the time of writing, I hold a long position in this share)Meeting – A friend very kindly arranged for a small group of us to meet the new Chairman and existing FD at Lakehouse (LON:LAKE) last Friday afternoon. They were very generous with their time, and over […]
Good morning!Lakehouse (LON:LAKE)Share price: 35pNo. shares: 157.5mMarket cap: £55.1m(at the time of writing, I hold a long position in this share)Meeting – A friend very kindly arranged for a small group of us to meet the new Chairman and existing FD at Lakehouse (LON:LAKE) last Friday afternoon. They were very generous with their time, and over […]
Different surveys of purchasing managers showed activity slowed in the eurozone this month, emphasizing economic growth in the previous quarter was momentary. Figures highlighted economic recuperations in France and Germany, but were countered by subdued PMIs in other countries in the region. According to Markit, the purchasing managers’ index plunged to 52.9 from 53.0 in […]
