Intraday technical levels and trading recommendations for GBP/USD for May 16, 2016

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 […]

Stock Trkr
Intraday technical levels and trading recommendations for EUR/USD for May 16, 2016

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 […]

Stock Trkr
Technical analysis of EUR/USD for May 16, 2016

Overview: The EUR/USD pair faced strong support at the levels of 1.1282 and 1.1239. So, the strong support is seen at the level of 1.1239, and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass through the level of 1.1282, the market […]

Stock Trkr
Technical analysis of GBP/CAD for May 16, 2016

After finding the top near 1.8700, GBP/CAD started to range forming support around 1.8650. Eventually the support was broken and pair started to produce lower lows and lower highs. The Fibonacci applied to the first corrective wave up after the 1.8650 support breakout shows that the S1 (1.8500) support was broken and the way to […]

Stock Trkr
Technical analysis of GBP/JPY for May 16, 2016

GBP/JPY broke below the upward trend line suggesting a continuation of a downtrend. After the breakout, price corrected sharply and formed support around the 156.60 area, which was broken last week. Fibonacci applied to the first corrective wave after the breakout suggest 3 potential downside targets, S2, S3, and S4. The RSI oscillator formed a […]

Stock Trkr
Exploiting Factor Premiums via Smart Beta Indexes [PREMIUM]

Do smart beta indexes efficiently exploit factor premiums? In his April 2016 paper entitled “Factor Investing with Smart Beta Indices”, David Blitz investigates how well smart beta indexes, which deviate from the capitalization-weighted market per mechanical rules, capture corresponding factor portfolios. He consider five factors: value, momentum, low-volatility, profitability and investment. He measures their practically exploitable premiums via returns on long-only […]

Stock Trkr
Global macro overview for 16/05/2016

Global macro overview for 16/05/2016: The Friday’s data on the US retail sales beat the market expectations. The market participants had expected a negative reading of -0.3%, just like a month before. Nevertheless, retail sales advanced 1.3% last month, the largest increase since March 2015. Moreover, data on Core Retail Sales ( retail sales without […]

Stock Trkr
Libyan officials agree to ease crude production despite rift

Amid division, Libyan officials agreed to enable petroleum to be transported between the western pact and pact group of the nation. But they are slated to deliberate on how to conclude the crisis which has been halting exports. The factions, which oversee the Libyan east, will permit oil to be delivered to refineries in the […]

Stock Trkr
Trump won’t likely have good relations with Cameron should he win

If he becomes the next US leader, Donald Trump reiterated he won’t possibly establish a reasonable relationship with UK Prime Minister David Cameron, who described the former’s plan to bans Muslims from getting into the United States as divisive and wrongful. Trump said he hopes to establish good relations with the British premier but he […]

Stock Trkr
Amazon to launch new private labels in coming weeks: WSJ

Amazon.com is expanding its private-label brands, the Wall Street Journal reported, citing sources. The company will now offer its own brand of food, detergent, and diapers. The new brand names include Happy Belly, Wickedly Prime, and Mama Bear, the WSJ said. The newspaper said the labels are only offered to its Prime subscribers, and could […]

Stock Trkr
Global macro overview for 16/05/2016

Global macro overview for 16/05/2016: The bank holiday’s across the Europe will means the light trading conditions today, but going forward there are very interesting fundamental data releases later on. The most important one will be the FOMC meeting minutes due on Wednesday at 06:00pm GMT, so traders and investors will have a chance to […]

Stock Trkr
Israeli supermarket chain Shufersal Q1 profit quadruples

Shufersal supermarket chain said its first quarter profit quadrupled, helped by higher sales and cost-cutting measures. The chain, which is the largest in Israel, reported a 53 million shekels ($14 million) net profit in the Jan-March period compared to last year’s 13 million. Company revenue grew 0.8 percent to 2.9 billion shekels. The material has […]

Stock Trkr
Binary.com Daily Market Report (16th May)

Optimistic Start to Week Morning Report: 06.30 London • This morning, markets have started the week with an optimistic, if cautious bias. Economic Bellwether the Australian dollar is on the rise, along with its close cousin the New Zealand dollar.                                […]

Stock Trkr
Technical analysis of EUR/JPY for May 16, 2016

General overview for 16/05/2016: The downward wave progression looks promising as the first five waves in the form of a Leading Diagonal Triangle has been made. The invalidation of this structure is at the level of 124.65, so as long as the internal corrective cycle in a potential wave (ii) green is developing below this […]

Stock Trkr
Small Cap Value Report (16 May 2016) –

Good morning!I’m back in the UK, having flown back Sat/Sun on the “red eye” overnight BA flight. I used most of my Avios points to upgrade to a flatbed,  thus enduring somewhat mitigated discomfort.  The brand new Dreamliner 787 really was impressive though. Twin-engined, wide-bodied, and very much a step-change downwards in terms of engine roar. I […]

Stock Trkr
Small Cap Value Report (16 May 2016) – AVN

Good morning!I’m back in the UK, having flown back Sat/Sun on the “red eye” overnight BA flight. I used most of my Avios points to upgrade to a flatbed,  thus enduring somewhat mitigated discomfort.  The brand new Dreamliner 787 really was impressive though. Twin-engined, wide-bodied, and very much a step-change downwards in terms of engine roar. I […]

Stock Trkr
Small Cap Value Report (16 May 2016) – AVN, EVRH, SEE

Good morning!I’m back in the UK, having flown back Sat/Sun on the “red eye” overnight BA flight. I used most of my Avios points to upgrade to a flatbed,  thus enduring somewhat mitigated discomfort.  The brand new Dreamliner 787 really was impressive though. Twin-engined, wide-bodied, and very much a step-change downwards in terms of engine roar. I […]

Stock Trkr
Technical analysis of USD/CAD for May 16, 2016

General overview for 16/05/2016: The pair is still trading inside the neutral zone, but the recent breakout above the descending golden trend line looks promising for bulls. Nevertheless, it is worth mentioning, that the current corrective structure might evolve into more complex pattern. The impulsive break out above the intraday resistance at the level of […]

Stock Trkr
IMF voices concerns on Brexit implications

In case the UK will vote to exit the European Union during the upcoming referendum, there will be very bad repercussions according to the International Monetary Fund’s (IMF) managing director Christine Lagarde. During her presentation of IMF’s report on Britain’s economy on Friday, she said that she can’t see any benefits if Brexit goes ahead […]

Stock Trkr
Australian Dollar Edges Lower amid Wheat Belt Sowing Season

With Australia’s wheat sowing season well under way,[1] investors are paying more attention to the value of the Australian dollar. A weaker Aussie has helped support the nation’s export economy, which accounts for roughly 21% of gross domestic product.[2] With Australian growth shifting into lower gear, the agricultural sector will be looked upon to provide […]

Stock Trkr
Daily analysis of major pairs for May 16, 2016

EUR/USD: The EUR/USD went downwards last week – a movement that has generated a bearish signal on the 4-hour chart. As it was mentioned last week, the outlook on this pair is bearish and further southward movement is expected this week, which could make the price go towards the support lines at 1.1250 and 1.1200. […]

Stock Trkr
Technical analysis of USD/JPY for May 16, 2016

USD/JPY is expected to trade with a bullish bias. Last Friday, US stock indices posted another losing session despite encouraging retail sales data (+1.3% month-on-month in April vs +0.8% expected and -0.3% in March). Retail shares continued to weaken, with Nordstrom Inc (JWN) slumping 13.4% and J.C. Penney (JCP) declining 2.8%. And falling oil prices […]

Stock Trkr
Technical analysis of USD/CHF for May 16, 2016

USD/CHF is expected to post some further gains. The pair bounced off its key support at 0.9700 and is likely to challenge its nearest resistance at 0.9795. The 50-period moving average acts well as support and should continue to push the prices higher. Last but not least, the relative strength index stands firmly above its […]

Stock Trkr
Technical analysis of NZD/USD for May 16, 2016

NZD/USD is expected to trade in a lower range and is currently under pressure. The pair remains on the downside, capped by its falling 20-period and 50-period moving averages. The relative strength index is bearish below its declining trendline. Last but not least, the key resistance at 0.6740 maintains strong selling pressure. Hence, below 0.6805, […]

Stock Trkr
EU Bullet Report | Gold and Oil on the Move

Today’s calendar is very light with only US PMI standing out this afternoon, which is expected to decline to 7 from 9.6 in April. Over the weekend, Chinese data came out weaker than expected however reactions were not very negative. The new string of bad data reveals though that China’s assumed recovery is still fragile. […]

Stock Trkr
Technical analysis of USDX for May 16, 2016

The Dollar index continued its upward move on Friday to new short-term highs but at the end it showed some weakness signs. The trend remains short-term bullish. The weekly reversal signal is very strong. Black line – trend line support Price is trading above the Kumo and the trend line support. There are two bullish […]

Stock Trkr
Technical analysis of GBP/JPY for May 16, 2016

GBP/JPY is under pressure. The pair is accelerating on the downside after breaking below 157.15, which should now play a key resistance role. Meanwhile both 20-period and 50-period moving averages are descending and maintain a bearish bias. A first target to the downside is set at the horizontal support and overlap at 122.35. A break […]

Stock Trkr
Technical analysis of Gold for May 16, 2016

Gold remains supported and mainly moves sideways in a neutral range between $1,290 and $1,250. A breakout above or below this range will push the price towards $1,350 or $1,190 respectively. Black line – resistance trend line Gold is trading again above the Kumo on the 4-hour chart but below the black trendline and with […]

Stock Trkr
Breitburn Energy Partners files for bankruptcy protection

Breitburn Energy Partners LP and some of its units filed Chapter 11 bankruptcy protection on Monday. Breitburn is the latest company to suffer a blow from low commodity prices. Aside from the company’s cash from operations and cash on hand, it said it also secured a $75 million debtor-in-possession financing to fund its operations during […]

Stock Trkr
Technical analysis of Silver for May 15, 2016

Technical outlook and chart setups: Silver dropped lower to $16.80 levels on Friday before pulling back. The metal is trading higher at $17.30 levels at this moment, expected to face resistance at $17.50 levels. Please note that $17.50 is also the fibonacci 0.618 resistance of the drop between $18.00 and $16.60 levels respectively. The metal […]

Stock Trkr