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 […]
Brent Crude futures took a major tumble on Monday morning losing 6% but recovered to $41.29 a barrel – still down 4.2% since the last settlement. Since mid-2014, oil prices have fallen 70% due to a massive oversupply in what has shaped up to be a vicious price war. Commodity currencies including the aussie and […]
When looking for a broker and a platform to trade on, it is a good idea to research whether their spreads are fixed or variable (or floating). In addition, it is important to determine how the broker prices their spreads. The spreads that a trader pays over the course of time can be significant to […]
One of the great motivations to start developing the software at Stockopedia was the fact that none of the investment products I used covered the markets I invested in. UK based products like REFS and ShareScope covered only the UK and USA, while American products like ValueLine, Investors.com and Zacks always seemed to stop their […]
Shares in the UK homebuilder Barratt Developments recently hit their lowest level since June 2015. The upcoming EU vote, weakness in the prime London housing market and a weak update from Persimmon have all hit sentiment. However, Barratt is currently expected to return 100p a share by November 2017. The UK home building sector is […]
Overview: The GBP/USD pair is showing signs of strength following a breakout of the highest level of 1.4150. On the H1 chart, the level of 1.4150 coincides with 23.6% of Fibonacci, which is expected to act as minor support today. Since the trend is above the 23.6 % Fibonacci level, the market is still in […]
Overview: Today, a major support is seen at the level of 1.1233. Moreover, the double bottom is also coinciding with a major support this week. Additionally, the RSI is still calling for a strong bullish market as well as the current price is also above the moving average 100. In the H1 time frame, a […]
How should investors (particularly retirees) think about balancing short-term crash risk and long-term portfolio sustainability? In their March 2016 paper entitled “Asset Allocation with Short and Long Term Risk Objectives”, Peng Wang and Jon Spinney present a way to balance short-term and long-term portfolio performance risks. They consider portfolios that each month allocate all funds in fixed weights to a […]
Global macro overview for 18/04/2016: The New Zealand inflation recovered from the lowest level in 15 years, but it is still below the regulator’s targets. The Statistics New Zealand reported that CPI climbed 0.2% in the January-March period that was stronger than the median forecast of a zero change and much higher than the 0.5% […]
Good morning!I’m back from a long weekend in Warsaw – it was really good to have a change of scene. All was great, apart from being ripped off by an illegal tax driver, and a stag party on the plane back who made the flight a misery. The airlines really do need to do something about […]
Good morning!I’m back from a long weekend in Warsaw – it was really good to have a change of scene. All was great, apart from being ripped off by an illegal tax driver, and a stag party on the plane back who made the flight a misery. The airlines really do need to do something about […]
Good morning!I’m back from a long weekend in Warsaw – it was really good to have a change of scene. All was great, apart from being ripped off by an illegal taxi driver, and a stag party on the plane back who made the flight a misery. The airlines really do need to do something about […]
Spain’s Abertis and Canada’s Brookfield Asset Management will launch an offer for Brazil’s Arteris for 10.15 reais ($2.87) per share, Abertis said. Abertis, a motorway operator, and Brookfield Brazil Motorways Holding own 69.26% of Arteris at present. The bid will be settled May 17, targeting to delist Arteris from the Brazilian market. The material has […]
Eurus Energy Holdings Corp. will build a 42-megawatt wind power station in Northern Japan, which will start in April 2018. The wind developer said the plant will use 13 3.2-megawatt wind turbines supplied by Siemens AG. In a statement, Eurus said it has 4 operations wind power stations with a combined capacity of 107 megawatts […]
Mahindra & Mahindra (M&M), an India-based car manufacturer, will soon drive its e20 electric car other European roads after an initial launch in the United Kingdom. The company is looking at Sweden, Norway, and The Netherlands as priority markets for expansion. M&M Chairman Anand Mahindra said that they chose advanced countries where more people can […]
Global macro overview for 18/04/2016: During the recent meeting in Doha, OPEC and non-OPEC countries failed to agree on an output freeze. The growing tension between Saudi Arabia and Iran and the inability of the other oil producers to agree on a loose commitment to freeze output for a short period of time was the […]
After months of squabble over monetary policies between Germany and the European Central Bank (ECB), German officials added more tension on Monday that further underscore the country’s disagreement with current ECB President Mario Draghi. “The next ECB chief must be a German who feels bound to the German Bundesbank’s tradition of monetary stability,” said Hans-Peter […]
The United Kingdom would become permanently pooper should British people vote to leave the European, Chancellor George Osborne cautioned. Based on a Treasury research looking into the expense of a Brexit, the country’s income could drop 6% by 2030. Osborne said the data highlights the reality and moves away from articulacy. However, Vote Leave refuted […]
Prime Minister Shinzo Abe said Japan is sticking with its plan to increase sales tax in 2017 but did not describe whether two deadly earthquakes in southern Japan are considered as disaster. The Japanese premier, addressing the parliament, said the government will proceed as planned unless an occurrence like a major disaster or Lehman shock […]
The number of footfall across retail outlets in the United Kingdom fell by 2.7 percent, according to the British Retail Consortium (BRC)/Springboard Footfall and Vacancies Monitor. UK’s high streets saw a 3.9 percent decline from March to April 2 due to the cold spring weather. BRC Chief Executive Helen Dickinson said that the negative numbers […]
General overview for 18/04/2016: The wave (b) extended higher during the weekend, but it looks like it was capped around the 50%Fibo at the level of 1.2985. If this is the top for wave (b) blue, then the bears should now break out below the intraday support at the level of 1.2872 and follow towards […]
General overview for 18/04/2016: The impulsive wave progression to the downside is developing as anticipated. The wave 3 purple of the overall five waves was made and now the market is in corrective cycle, wave 4. The correction can evolve into complex and time-consuming pattern, but cannot violate the level of 122.75. When the weekend […]
Technical outlook and chart setups: Gold is trading at $1,235.00/36.00 levels at this moment, looking to hit $1,247.00/48.00 levels before turning lower again. The yellow metal looks to be in a counter trend rally before resuming its down trend. Please note that the metal earlier reversed from $1,283.00 levels, dropping lower into $1,207.00 levels (not […]
EUR/USD: The bias on this market is getting neutral owing to the consolidation that was witnessed in the last two weeks. Even last week, the price merely corrected a bit lower. This week, the support lines at 1.1250 and 1.1200 should prevent further southwards movement, as the bulls effect a nice rally, which would take […]
The Dollar index has made a very shallow short-term pullback towards 94.50 and is now moving back up to test the recent highs and confirm the bullish reversal on the daily and weekly time frames. Short-term resistance is at 95 while short-term support at 94.50 where the latest low was made and where the 38% […]
USD/JPY is expected to trade with a bearish bias. Last Friday, US stocks retreated slightly, dragged by shares in technology, energy and semiconductor sectors. The Dow Jones Industrial Average edged down 0.2% to 17897, the S&P 500 slid 0.1% to 2080, and the Nasdaq Composite was down 0.2% to 4938. Nymex crude oil gave up […]
Technical outlook and chart setups: The EUR/JPY drops lower and prints 121.70 levels today as expected earlier. The pair is seen to be trading at 121.92 levels, and should be looking to rally in a countertrend (3 waves) from here. The pair should be looking to break above its resistance trend line, and produce a […]
GBP/JPY is expected to trade in a lower range as 152 is in sight. The pair is accelerating on the downside and is looking for a lower bottom. Meanwhile, the relative strength index is badly directed. The first target to the downside is set at the horizontal support and overlap at 152. A break below […]
NZD/USD is expected to trade in a higher range but the extent of the upside is limited. The pair is still moving sideways within the range between 0.6840 and 0.6950, and is likely to challenge the upper boundary in sight. The relative strength index is mixed to bullish, calling for a rebound. Besides, the 20-period […]
USD/CHF is expected to trade with a bullish bias. The pair managed to hold above its horizontal support at 0.9630, and is now posting some consolidations. Even though a continuation of the consolidation cannot be ruled out at the current stage, its extent should be limited. In addition, the relative strength index lacks downward momentum. […]
