The jobless rate of Latin America’s biggest economy increased to 10.2 percent during the three months leading to February, Brazil’s Statistics Institute (IBGE) said on Wednesday. It surpassed analysts’ expectations of 10.1 percent. Unemployment was at 7.4 percent during the same period last year. IBGE added that 3 million people joined the jobless population year-on-year, […]
Good morning!It’s very quiet for results/updates today too.Ed’s webinar starts at 12:30 today. These are always very intereting, often pointing out useful features within Stockopedia that I didn’t know were there! The focus today is on the thousands of new international shares that have just been added to the site.United Carpets (LON:UCG)Share price: 13.0p (up 16.9% today)No. shares: 81.4mMarket […]
Good morning!It’s very quiet for results/updates today too.Ed’s webinar starts at 12:30 today. These are always very interesting, often pointing out useful features within Stockopedia that I didn’t know were there! The focus today is on the thousands of new international shares that have just been added to the site.United Carpets (LON:UCG)Share price: 13.0p (up 16.9% today)No. shares: 81.4mMarket […]
Good morning!It’s very quiet for results/updates today too.Ed’s webinar starts at 12:30 today. These are always very intereting, often pointing out useful features within Stockopedia that I didn’t know were there! The focus today is on the thousands of new international shares that have just been added to the site.United Carpets (LON:UCG)Share price: 13.0p (up 16.9% today)No. shares: 81.4mMarket […]
Technical outlook and chart setups: Silver rallies through fresh highs above $17.50 levels today. The metal is very close to taking out resistance at $17.75 levels. Bulls should be poised to push through before producing a meaningful retracement lower. As depicted here, the metal can drop towards $16.50 levels as minimum retracement, before turning bullish […]
Technical outlook and chart setups: Gold rallies to test recent highs at $1,260.00 levels, before pulling back. The yellow metal is trading around $1,257.00 levels for now, and might be looking to push through $1,266.00 levels which is the Fibonacci 0.786 resistance level. Please note that $1,266.00 level is also Fibonacci convergence, and should provide […]
Most traders are familiar with the Seven Deadly Sins, which refer to a broad spectrum of cardinal vices that represent the very worst of human nature. However, far fewer know about the counter-balancing set of virtues they should adopt instead. Below we introduce traders to the Seven Deadly Sins and the holy virtues they should […]
Oil Pushes Through $45 Morning Report: 06.30 London • This morning, the US dollar is on the back foot after oil prices pushed through $45 yesterday, the highest level in 2016. • The surge has […]
Freedom fighter Harriet Tubman will push former US president Andrew Jackson to the back of the $20 bill, treasury secretary Jack Lew announced on Wednesday. Tubman is the first black woman to appear in a US note and the first woman since former First Lady Martha Washington’s $1 silver certificate bill was discontinued in 1896. […]
Subscribers of China Mobile Ltd., the world’s largest mobile network provider, gained more than 60 million 4G users by the end of March. This brings the number of its customers to 834 million people, almost three times more than the population of the United States. The company had 826 million customers in the previous quarter. […]
Commercial buildings in London more than 30 storeys tall had the highest increase in office rent during the second half of 2015, UK-based real estate consultancy firm Knight Frank LLP revealed. Knight Frank analyzed rental performances of skyscrapers in 21 cities. The study showed that more businesses are looking for office space in London’s prime […]
The Dollar index bounced off, as expected, from the support but still remains technically in a bearish trend as it has not broken above important resistance levels. The Dollar index is going to be affected today by the ECB Press conference and what Mario Draghi says, as the main component of the index, the EURUSD, […]
Gold is trying to break above the upper triangle boundary and it seems that it will manage to do it today. The price is setting up a bullish formation that could bring Gold towards $1,300 very soon. Bulls do not want to see the price break below $1,240. Black lines -triangle Gold is trading above […]
Wave summary: We are looking for a confirmation that a bottom is in place at 1.6062. A break above minor resistance at 1.6266 will be a good start, but to confirm the low, we need a break above resistance at 1.6499. If that break is seen, then the bottom at 1.6062 should be safe and […]
Wave summary: Our preferred count remains that an important bottom was seen at 121.69 and a new impulsive rally to above 149.55 is developing. The rally of the 121.69 low to 124.40 was wave i and wave ii is currently unfolding. The corrective wave ii has already tested the minimum corrective target at 123.39 (the […]
USD/JPY is expected to extend its upside movement. Overnight, US stocks pressed higher, lifted by bank and financial shares. The Dow Jones Industrial Average rose another 0.3% to 18096, the S&P 500 added 0.1% to 2102, and the Nasdaq Composite was up 0.2% to 4948. Nymex crude oil surged 3.8% to a 5-month high of […]
USD/CHF is expected to trade in a higher range as the pair is trading with a bullish bias. The pair posted a strong rebound yesterday, and is now supported by its ascending 20-period and 50-period moving averages. The relative strength index is positive above its neutrality area at 50, and is also displaying strong bullish […]
NZD/USD is expected to trade with a bearish bias. The pair reversed down and is now trading within a declining channel. Both the 20-period and 50-period moving averages are also turning down, calling for further consolidations. In addition, the relative strength index is still bearish, without showing any reversal signals. To sum up, as long […]
GBP/JPY is expected to trade with a bullish bias. The pair stays above its support at 123.35 and is consolidating around its 50-period moving average. Meanwhile, the relative strength index stays above 50. Further upside is therefore expected with the next horizontal resistance and overlap set at 158.50 at first. A break above this level […]
The pay of CEO Doug McMillon of the Wal-Mart Stores Inc. jumped a little to $19.8 million in the year ended Jan. 31, according to regulatory filing on Wednesday, even if Wal-Mart’s profit plummeted on higher costs. The total compensation, which includes cash and stock, compared with the $19.4 million he made last year, according […]
Apple Inc. has postponed the reporting of its second-quarter results by a day, the company’s website said. The iPhone maker was expected to report on April 25, but decided to do so a day later. A report from CNBC said the delay was due to a memorial service for Silicon Valley veteran Bill Campbell, who […]
Mexican national oil company Pemex facility was rocked by an explosion in eastern Veracruz state on Wednesday, authorities said. The company said on a Twitter post that an accident happened at the chlorinate 3 plant near the port of Coatzacoalcos, one of the major oil export hubs of Pemex. No further details including any damage […]
USDX is expected to resume the bearish bias, after it tested the 200 SMA on the H1 chart and it’s possible to see another decline toward the support level of 94.08. When the USDX does a breakout below that zone, then we can expect an advance toward new lows. The overall bearish bias is still […]
On the H1 chart, the resistance zone of 1.4401 remains very strong and is pushing the Cable lower, as it has been trading into a bearish mode and maybe it could re-test the 200 SMA on a short-term basis. If the pair does a breakout above it, then it can rally toward the 1.4495 price […]
Global macro overview for 21/04/2016: The ECB interest rate decision and monetary policy statement are the main events of the week and they are happening today at 11:45 GMT. The market participants do not expect any further rate cuts as the current level is 0.00% already. ECB head Mario Draghi has clearly stated at the […]
Global macro overview for 21/04/2016: The Bank of England’s Governor Mark Carney has testified to lawmakers in the House of Lords yesterday and he expressed deep concerns about the threats the UK economy might face if Brexit comes true. In his opinion, a vote of support for Brexit will cause “an extended period of uncertainty […]
General overview for 21/04/2016: Five waves to the downside are present on the chart, so the corrective cycle to the upside should start any time soon. The alternative count suggests that a more complex wave iv correction is still possible, however, any breakout above the intraday resistance at the level of 1.2728 would invalidate this […]
General overview for 21/04/2016: The wave 5 top seems to be in place but the alternative count suggest it is only the wave 3 top. In that case, after the corrective cycle is completed, one more wave upward is expected before any meaningful correction will happen. Moreover, any breakout below the intraday support at the […]
When the European market opens, some economic news will be released such as the Consumer Confidence, Minimum Bid Rate, Spanish 10-y Bond Auction. The US will release economic data too such as the Natural Gas Storage, CB Leading Index m/m, HPI m/m, Unemployment Claims, Philly Fed Manufacturing Index. So amid the reports, EUR/USD will move […]
In Asia, today Japan will not release any economic data but the US will release some economic data such as the Natural Gas Storage, CB Leading Index m/m, HPI m/m, Unemployment Claims, Philly Fed Manufacturing Index. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL […]
