The Bank of Korea said on Tuesday that its economy rose annually by 2.7 percent during the first quarter of the year, lower than the previous quarters 3.1 percent growth. Exports dwindled by 1.7 percent compared to the preceding three-month period. After gaining 0.5 percent in 2015’s fourth quarter, capital investment slumped by 5.9 percent […]
The Chinese government will spend ¥71.9 billion ($11 billion) on an airport in Chengdu, the capital of Sichuan province in southwestern China. The new airport will help meet the rising demand of air travel in the country, the National Reform and Development Commission said. The project was approved last year and will include three runways. […]
Inflation rate for the month of March agreed with analysts’ expectations as it dipped again by 1 percent from an 8 percent decline in February. Core inflation rose to 0.6 percent year-on-year, according to the Ministry of Trade and Industry (MIT) and the Monetary Authority of Singapore (MAS). Prices of food grew by 2.2 percent […]
1Malaysia Development Bhd. missed the payment on $50 million interest, defaulting on a bond amounting to $1.75 billion, despite a dispute with an Abu Dhabi-based sovereign wealth fund over which entity must pay. The International Petroleum Investment Co., in a statement, failed to make the obligation as well, resulting in cross defaults on the 7.4 […]
After Mitsubishi Motors Corp. admitted manipulating pollution data on some of its vehicles, Japan will form a task force to investigate vehicle-testing practices to avert such irregularities. Transport Minister Keiichi Ishii said the automaker has until Wednesday to disclose the findings of its internal probe of the rigged fuel-economy data. The cabinet official added Mitsubishi’s […]
Overview The gold price has been trading sideways in a tight range above 1,227.40 levels since morning. Stochastic is still positive, so no changes are expected in the bullish trend scenario for today, which depends on the stability above the mentioned level. Its targets begin at 1,252.50 and extend to 1,282.92 followed by 1,300.00. The […]
Overview The silver price shows slight bearish bias approaching from the key support at 16.73. Stochastic moves in the oversold areas now, providing positive momentum we were waiting to push the price to resume the bullish bias in the upcoming period. Therefore, the bullish trend will remain valid on the intraday and short-term basis as […]
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 (the upper limit of the recent […]
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 […]
There have been some big changes in the eToro marketing team and we’re pushing forwards with a range of exciting new marketing materials over the next few months. We’ll be showcasing these in future blog posts and talking about how to get the most out of our free creatives and other marketing tools. In the […]
On January 21, after the GBP/USD pair moved below 1.4340, evident signs of a bullish recovery were expressed around 1.4075. Hence, the previous weekly candlesticks closed above 1.4340 again. Bullish persistence above 1.4500 was mandatory to maintain enough bullish strength in the market. However, as the previous weekly candlesticks maintained their bearish persistence below the […]
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: On the one-hour chart, the GBP/USD pair continues moving in a bullish trend from the support levels of 1.4413 and 1.4385. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving […]
Recently, EUR/NZD has been moving sideways at the price of 1.6370. According to the 1H time frame, I found flat base between the price of 1.6420 (resistance) and the price of 1.6290 (support). The short-term trend is still upward but anyway watch for a successful breakout of trading range to confirm further direction. I would […]
Overview: The EUR/USD pair moved upwards from the level of 1.1217. Yesterday, the pair rose from the level of 1.1217 (this level represents a double bottom) to the top around 1.1238. Today, the first resistance level is seen at 1.1278 followed by 1.1339, while daily support 1 is seen at 1.1161. According to the previous […]
Since our previous analysis, gold has been moving downwards. As I expected, the price tested the $1,227.28 level in a high volume. According to the daily time frame, I found strong downward pressure in a high volume. The bar closed at the low, which is a sign that buying looks very risky. According to the […]
German automaker BMW exclusively launched the BMW X1 in China, the long-wheelbase version of X1. Speaking at the Beijing Motor Show on Monday, global sales and marketing chief said that the new X1 will increase its overall sales in China by the end of 2016. X1’s first version accounted for 200,000 units of the overall […]
After breaking above the descending channel, AUD/CHF found the resistance near the final upside target – R1 (0.7590) of the Fibonacci applied to the channel breakout point. The RSI Oscillator formed a bearish divergence and price could start moving much lower after rejecting the R1 resistance. Consider selling AUD/CHF at the current level (0.7515) targeting […]
After NZD/USD formed a massive support around 0.6550, rate started moving higher trading within the ascending channel. Last week, NZD/USD tested and rejected the upper trend line of the channel followed by the breakout of the 23.6% and 38.2% Fibonacci retracement levels. At the same time, the RSI Oscillator bearish divergence is signaling on a […]
The Ifo Business Climate Index was at 106.6 in April from last month’s 106.7, showing waning confidence of builders, manufacturers, retailers, and wholesalers for the following six months. Current business conditions was also down from 113.8 to 113.2, while business expectations for the next six months grew from 100.0 to 100.4. The Ifo Institute for […]
A German court clears Deutsche Bank co-Chief Executive Jürgen Fitschen from accusations he gave a deceiving testimony as part of a legal battle which involves Kirch Media Group. Fitschen and other former executives allegedly provided false testimony in a civil case relative to the downfall of Leo Kirch’s media entity. The case stemmed from Breuer’s […]
The International Monetary Fund projected Middle East countries could have missed out on $390 billion in oil revenues in 2015 alone and could make them lose up to $150 billion in income losses due to low crude prices. The institution said the decline from oil export is the result of slumping oil prices from about […]
Germany’s business sentiment glided slightly lower in April, as companies became less contented with current business condition. The Ifo Institute reported the business climate index slid to 106.6 this month from 106.7 in March, lower than 107.1 projected by economists. The overall sentiment gauge slid even though business projections climbed to 100.4 in April from […]
The Bank of Japan is expected to slash its price estimations and decide whether disappointing global demand, strong Japanese yen, and weak consumption have affected inflation projections to inject additional stimulus. Many policymakers are concerned about the dim economic prospects. However, they are also concerned of employing their policy tools having just implemented the negative […]
News that Lorcán Ó Murchú has quit as chief executive of Snoozebox is the latest twist in a sorry saga. Snoozebox makes portable hotel rooms that can be used at festivals and events. By all accounts, the product is pretty impressive – but the business model has proven very suspect. It floated on AIM in […]
Do gold and gold mining stocks exhibit distinct seasonality? Using monthly closes for the spot price of gold in dollars per ounce and the S&P 500 Index since January 1979, PHLX Gold/Silver Sector (XAU) since December 1983, AMEX Gold Bugs Index (HUI) since June 1996 and SPDR Gold Shares (GLD) since November 2004, all through March 2016, […]
Good morning!Further to Friday’s report on Chapel Down (OFEX:CDGP) I tracked down my nearest stockist (Waitrose), and we had a family Scrabble and English wine tasting evening last night. The overall verdict (FWIW) was that we thought the Flint amp; Bacchus white wines were pleasant, but not something we’d go out of our way to buy. Not […]
Good morning!Further to Friday’s report on Chapel Down (OFEX:CDGP) I tracked down my nearest stockist (Waitrose), and we had a family Scrabble and English wine tasting evening last night. The overall verdict (FWIW) was that we thought the Flint amp; Bacchus white wines were pleasant, but not something we’d go out of our way to buy. Not […]
Yen Recovering after BOJ Turns Negative Morning Report: 06.30 London • This morning, the yen pairs generally have a negative bias as the yen recovers some poise after large scale losses on Friday. Reports that the BoJ was moving towards negative lending rates sent the yen pairs into orbit on Friday, with a corresponding boost […]
Investor Name: Markus Katzmaier Location: Germany User Name: newstrader Investment Focus: GER30 and USDJPY Average Risk Score: 6 Copiers: 350 Followers: 2588 Date Joined: June 2013 The above figures are from 19-04-2016. The latest figures can be found here One of the keys to being an effective Popular Investor is engaging with other social traders. Put […]
