Two years ago, Leon Boros wrote an article for Stockopedia that recounted how he and his wife had built an investment portfolio worth more than £1 million. It was a compelling story that attracted tens of thousands of readers and generated a huge response. It was a very powerful reminder of how effective it can […]
Two years ago, Leon Boros wrote an article for Stockopedia that recounted how he and his wife had built an investment portfolio worth more than £1 million. It was a compelling story that attracted tens of thousands of readers and generated a huge response. It was a very powerful reminder of how effective it can […]
NZD/CHF corrected sharply upwards today and formed the resistance at 0.6740 level. Considering the bearish divergence on the RSI oscillator and the fact that rate has not tested and rejected any of our support levels, we’d expect continuation of the move down. The current correctional wave could provide a good entry point for bears. Consider […]
EUR/USD continues to move higher and currently is trading above the R1 resistance. As for our previous analysis, consider holding long positions or getting into a buy trade near R1 (1.1320) level. Targeting either R2 (1.1480) or R3 (1.1640) as a final target, the stop loss should be just below S1 (1.1220) Support: 1.1320, 1.1220, […]
The European Central Bank increased the annual fee for lenders in the region. Eurozone banks will face a bigger charge amounting to €404 million ($459 million) in 2016, jumping by 23.9 percent from last year. ECB directly supervise 129 large banks which will pay almost 90 percent of the €404 million. The remaining 10 percent […]
Japanese benchmark Nikkei was down 3.6 percent at 16,666.05 when market closed, the biggest daily loss since early February. Most indices ended the day on the red. Topix shrank 6.3 percent. The Bank of Japan stalled rate movements and kept it at -0.1 percent earlier today. The finance sector received the brunt of BOJ’s lack […]
Global macro overview for 28/04/2016: The Reserve Bank of New Zealand kept interest rates unchanged at the level of 2.25%. Nevertheless, the RBNZ statement clearly indicated a possible further rate cut if the global economic growth slows and the strong NZD will prolong the period of muted inflation. The RBNZ inflation projection for this year […]
Overview: The USD/CHF pair dropped from the level of 0.9709 towards 0.9680. Now, the price is set at 0.9660. Hence, the USD/CHF pair keeps on trading in the bearish trend from the new support level of 0.9660; to form a bearish channel. According to the previous events, we expect the pair to move between 0.9700 […]
Global macro overview for 28/04/2016: The Bank of Japan kept the interest rates unchanged at the level of -0,1% and held off on expanding monetary stimulus. During the press conference, BoJ Governor Haruhiko Kuroda said they need more time to assess the impact of negative interest rates on the Japanese economy. This is why the […]
General overview for 28/04/2016: The market is trying to complete the triple zig-zag pattern in the big wave Z brown. Currently, there is one more wave to the downside missing to complete this scenario as the wave (b) blue looks completed ( a little early). The projected target for wave (c) is at the level […]
Good afternoon!Not much to report on today, and I have to drive back down from Cheshire to the south coast this afternoon, so will just do a short report now, and then hopefully add some more comments once I get home this evening.Sprue Aegis (LON:SPRP)Share price: 137.5pNo. shares: 45.9mMarket cap: £63.1m(at the time of writing, I […]
General overview for 28/04/2016: The simple corrective cycle, labeled as abc irregular flat correction, might have been completed and according to the main chart another upward leg might be made. Moreover, any violation of the level of 121.71 will invalidate the bullish impulsive scenario. Nevertheless, please notice that the simple correction might evolve into more […]
Overview: The NZD/USD pair broke resistance that turned into strong support at the level of 0.6870 yesterday. The level of 0.6870 is expected to act as major support today. From this point, we expect the NZD/USD pair to continue moving in a bullish trend from the support levels of 0.6870 and 0.6920. Currently, the price […]
USD/JPY is гnder pressure.Overnight U.S. stocks traded higher as the Federal Reserve kept rates steady and investors anticipated the central bank wouldn’t raise rates in a hurry. The Dow Jones Industrial Average rose 0.3% to 18,041, and the S&P 500 added 0.2% to 2,095. Meanwhile, the Nasdaq Composite fell 0.5% to 4,863, as Apple Inc.’s […]
“Simple Asset Class ETF Momentum Strategy Universe Enhancers?” explores effects on basic strategy (Top 1) performance of adding 22 exchange-traded fund (ETF) or note (ETN) asset class proxies one at a time to the base set. How do these additions affect the more diversified equally weighted top two (EW Top 2) and equally weighted top three […]
Samsung Group’s revenue for the first quarter of the year amounted to 49.78 trillion won ($43.46 billion), a 5.7 percent rise from last year. The company said that weak Korean won and release and strong numbers of Galaxy S7 and S7 Edge fueled the growth. The company’s net income jumped to 5.26 trillion won ($4.6 […]
The United Kingdom recently announced their budget plans. Within the plans there were several objectives created by Chancellor George Osborne to assist the United Kingdom to balance their budget. Some of the measures taken focused particularly on taxation including the raising of income taxes, introduction of taxes on redundancy payments, capital gains and sugar, and […]
South Korean government’s target spending was expanded to 96.4 percent from the initial plan of 95.9 percent, the finance ministry said on Thursday. The government’s spending goal for the first half of the year will be increased from 269 trillion ($237 billion) won to 275.2 trillion won ($240 billion) to lift economic activity. South Korea […]
JX Nippon Oil & Energy Corp, a Japanese top oil refiner, said it would refine 980,000 barrels per day (4.83 million kilolitres) of crude oil in May for domestic consumption, falling 3% from last year. A spokesman at JX Nippon said the company’s April crude refining for domestic consumption was estimated at 929,000 bpd (4.43 […]
Japanese automaker Honda Motor Co said it expected to resume production at its plant in southern Japan starting Ma y6, after it suffered damages during earthquakes earlier this month. Honda said full operation at the plant is expected in mid-August. The company said mini-vehicle production at a plant run by supplier Yachiyo Industry Co would […]
Latin America’s economic growth will narrow by 0.5 percent in 2016, its second consecutive year of economic contraction. The International Monetary Fund (IMF) said that this occurrence is very similar to the region’s one-year debt crisis in the early 80s. IMF predicts that Venezuela’s economy will shrink by 8 percent this year and by 4.5 […]
USD/CHF is expected to trade in a lower range as the pair movement is capped by a negative trend line. The pair remains under pressure below its negative trend line, and is likely to post further decline. The falling 20-period and 50-period should also maintain the strong selling pressure. Besides, the relative strength index is […]
NZD/USD is expected to trade in a higher range. The pair posted a strong rebound yesterday, and also jumped above its 20-period and 50-period moving averages. The immediate trend is up now, and the momentum is strong. The previous resistance at 0.6895 now plays a support role, which should limit any downward attempts. At the […]
GBP/JPY is expected to trade in downside. The pair is still supported by its ascending trend line, and it is moving up. A continuation of the downside movement is more likely to occur in the coming trading hours, as the 20-period and 50-period moving averages are negative and the relative strength index stands firmly below […]
Germany’s unemployment rate extended its descension as the country seeks to accommodate thousands of immigrants. The government housed over 1 million refugees last year. Economic growth is firm enough to make companies hire people into a group of possible workers. The Federal Labor Agency reported the jobless rate was still at 6.2% and the number […]
European stocks plummeted after the Bank of Japan decided not to implement additional stimulus measures and Lloyds Banking Group Plc shares declined. Japanese policymakers voted to keep the 0.1% negative interest rate on deposits at the BOJ and continue the enormous asset purchasing program. The Stoxx Europe 600 Index erased 0.8%. The benchmark slid for […]
Yen Surges as BoJ Holds Morning Report: 06.30 London • This morning, the yen is surging after the Bank of Japan opted to keep its policy on hold. Speculation was rife that the BoJ would be cutting interest rates on loans and extending stimulus, but BoJ governor Haruhiko Kuroda has shocked many by apparently backing […]
The dollar is pressured by sellers mainly in the USD/JPY pair and commodities pairs thus pushing the index to new lows. The trend remains bearish as price did not manage to break above 95.20. The rejection is pushing the index towards the next support level of 93. Black lines – trading range The Dollar index […]
The dollar’s weakness is helping gold prices move higher and challenge the recent highs and medium-term resistance. Bulls could manage at the end of this week to make a real breakout and push towards $1,300 but I continue to believe that this upside will be limited and bulls should be very cautious. Black lines – […]
Aerospace company Airbus Group reported a little higher-than-expected core profit and reaffirmed this year’s targets. Widely watched operating earnings before one-off items fell 23% to 501 million euros ($567.8 million) as revenue gained 1 percent to 12.183 billion euros. A Reuters survey revealed that analysts were on average predicting core operating earnings before one-off items […]
