Japan thwarted recession on Wednesday as improvement in consumer and government spending countered the reduction in business ventures, surprising global markets. According to the Cabinet Office, real gross domestic product increased 1.7% in the first quarter from a revised 1.7% decline in the fourth quarter of last year. Capital spending, however, dropped, implying Japanese firms’ […]
A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450. Hence another consolidation range was established from 1.3450 down to 1.2800. On December 7, a bullish breakout above 1.3450 (upper limit of the recent consolidation […]
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 above a few weeks ago. Bullish persistence above 0.6550 (depicted recent support) was necessary to keep the price moving towards higher bullish targets. The price zone of 0.6750-0.6840 constituted a significant […]
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 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 […]
Oil Supply fears have given a boost to oil prices with WTI rising for the 2nd time on Tuesday getting close to $48 a barrel and Brent trading at $49.05 One of the biggest disruptions to supply has been the massive fires in the Canadian oil sands regions But global supply has also been affected […]
This is the new version of this report, created from a backup.My apologies, but I had technical problems amp; the earlier report corrupted, so had to ditch it.Regards, Paul.Good morning! A horrible start to the day for me, with another profit warning from LAKE.Lakehouse (LON:LAKE)Share price: 32p (down 33% todayNo. shares: 157.5mMarket cap: £50.4m(at the time of […]
Recently, EUR/NZD has been moving downwards. The price reached my downward target at the price of 1.6545. I found that strength came in at the price of 1.6550. The price rejected strongly, but now the resistance level at the price of 1.6650 is on the test. Buying EUR/NZD at this stage still looks risky, since […]
Since our previous analysis, gold has been moving downwards. The price tested the $1,268.91 level in a high volume. On the daily time frame chart, I found a strong sign of weakness. I found a bullish bar in an average volume bit with very weak close. The bar closed below the middle, which is a […]
European shares touched a two-week peak as miners headlined the gains in the market and Vodafone, Taylor Wimpey, and other companies reported upbeat updates. The British telecommunications company rose 2.5% as it projected earnings to ascend this year and unveiled a program to bolster its networks to amplify demand in the region. The UK housebuilding […]
Premier Li Keqiang emphasized China can still able to retain its economic growth within sensible scope in the advent of economic challenges and hardships. Li said China has somewhat managed its overall debt levels and the government can fend off systemic perils in the financial system. The material has been provided by InstaForex Company – […]
For the first time in half a decade, Qatar is seeking to access the bond market denominated in dollars. Regulators have ordered banks in the country to schedule meetings with different investors beginning Thursday, saying a dollar bond might follow. The country last issued dollar bonds in 2011. As of present, the dollar bond maturing […]
Greece is awaiting European finance ministers to concentrate on providing short- and medium-term debt relief for the nation, saying a long-term solution is up for greater negotiation. Government spokesperson Olga Gerovasili made the comment ahead of their convention with eurozone ministers scheduled for May 24. EU officials are anticipated to talk over debt reorganization and […]
Malaysia stressed this is not the right time to figure out, if any, any fraudulent act that occurred in transactions between 1Malaysia Development Bhd. and Abu Dhabi’s International Petroleum Investment Co. Previously, the Malaysian state firm disclosed it could be a victim of illegal activities in case payments amounting to $3.5 billion never reached the […]
The Inflation Forecast now incorporates actual total and core Consumer Price Index (CPI) data for April 2016. The actual total (core) inflation rate for April is higher than (about the same as) forecasted. Related Posts:Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin… April 18, 2024 We introduce you to the daily updated section of Forex…Video market update for April 18, […]
EUR/USD found the top near 1.6000 where a selloff begun. While moving lower, EUR/USD broke below the uptrend channel suggesting the continuation of the decline. The Fibonacci applied to the channel breakout point shows that the rate failed to test any of the downside support levels while today it rejected the channel breakout point – […]
USD/JPY pair is supported by a rising trend line. Overnight US stock indices rebounded, paring losses made in the previous session. Investors were cheered up by rising oil prices, multi-billion dollar merger-and-acquisition deals in the pharmaceutical and energy sectors, as well as Berkshire Hathaway’s reported $1 billion stake in Apple Inc. (AAPL). The Dow Jones […]
USD/CHF is expected to post some further gains. The pair stands firmly above its nearest support at 0.9740, and seems likely to post a new rise. A test of the next resistance at 0.9795 is expected in the coming trading hours, as the rising 20-period and 50-period moving averages play well support roles, and should […]
NZD/USD is expected to trade in a higher range as bias remains bullish. The pair posted a rebound yesterday, and now stands above its nearest support at 0.6775. The relative strength index seems to have lost its upward momentum, calling for caution. Nevertheless, as long as 0.6775 is not clearly broken, even though a continuation […]
GBP/JPY is expected to trade with bullish bias. The pair has just broken above the key resistance at 157.30 and is proceeding to 159.10 on the upside. Currently, the pair is trading above the upper Bollinger band while being supported by the ascending 20-period moving average. Therefore acceleration to the upside is expected. Above 159.10, […]
Is there an objective way to benchmark the performance of trend-following Managed Futures hedge funds? In their March 2016 paper entitled “Adaptive Time Series Momentum – Benchmark for Trend-Following Funds”, Peter Erdos and Gert Elaut test a futures timing system that increases (decreases) allocations when trends are emerging (fading) per 251 equally weighted, volatility-scaled, daily rebalanced time series momentum (TSMOM) strategies. Strategy lookback […]
overview: The NZD/USD pair faced resistance at the level of 0.6842, while minor resistance is seen at 0.6825. Support is found at the levels of 0.9794 and 0.9754. Yesterday, the trend rebounded from the resistance of 0.4842 to bottom at 0.6794. Equally important, the NZD/USD pair is still moving around the key level at 0.6794 […]
overview: The USD/CHF pair broke resistance, which turned into strong support at the level of 0.9735 last week. The level of 0.9715 coincides with a golden ratio (78.6% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. Additionally, the RSI […]
Good morning!A horrible start to the day for me, with another profit warning from LAKE.Lakehouse (LON:LAKE)Share price: 32p (down 33% today)No. shares: 157.5mMarket cap: £50.4m(at the time of writing, I hold a long position in this share)Interim results, 6m to 31 Mar 2016 (profit warning) – the FD has done a good job issuing the interims reasonably […]
Good morning!A horrible start to the day for me, with another profit warning from LAKE.Lakehouse (LON:LAKE)Share price: 32p (down 33% today)No. shares: 157.5mMarket cap: £50.4m(at the time of writing, I hold a long position in this share)Interim results, 6m to 31 Mar 2016 (profit warning) – the FD has done a good job issuing the interims reasonably […]
Sorry, this article has corrupted somehow. My apologies.So I have recreated it from backup – here is new version.Regards, Paul. Related Posts:Powell made a bold point, and Bailey did not report anything… April 18, 2024 Tuesday was interesting not only with a whole series of…Market continues to price in a plethora of rate cuts for… […]
Positive U.S. and Asian market helped Hong Kong stocks to rise on Tuesday. Higher oil prices boosted the said markets as well. The Hang Seng index rose 1.2 percent at 20,118.80, while the Hong Kong China Enterprises Index jumped up 1.4 percent at 8,425.78. Gains on Wall Street and Apple gave cues to investors on […]
Finance Minister Anton Siluanov of Russia on Tuesday said this year’s deficit was likely to comprise 3% of gross domestic product with oil at $40 per barrel, adding that crude could unlikely be more expensive. Furthermore, Siluanov said in an interview that he did not anticipate the rouble to be more volatile compare to its […]
We are happy to announce that we are introducing a new Trader Chart to give you additional information when deciding to copy a trader. The Trader Chart is a tool that helps you visualize the trader’s past performance and even use charting tools to perform technical analysis on the charted statistics, just like any other […]
American businessman Sumner Redstone has the discretion to terminate Viacom Inc. Chief Executive Philippe Dauman from the trust which will oversee his media empire in the event of his death or incapacitation. Two people privy with the topic disclosed the CBS Corp. Executive Chair holds no capacity to axe his daughter, Shari, from the said […]
