Close to 90% of all traders lose money. The remaining ten percent somehow manage to either break even or even turn a profit — and more importantly, do it consistently. How do they do that? That’s an age-old question. While there is no magic formula, Elliott Wave International’s Senior Trading Instructor Jeffrey Kennedy has identified […]
Enjoy this 7-minute interview with Elliott Wave International’s global opportunities expert Chris Carolan. You will learn where Chris sees the best market opportunities unfolding in both Europe and Asia right now. Chris also tells you how he combines Fibonacci and Keltner channel analysis with Elliott waves — to spot trades. That’s the kind of useful […]
August 6, 2014 – Stock Market News Today’s Hot Asset – Fiat Stocks in Europe are currently trading lower as investors head into the second half of today’s trading session. Investors in Europe are wary of trading in the equity market today as they continue to monitor the ongoing developments in Russia. This caution is […]
Asian Stocks Asian stocks were seen falling on Wednesday, tracking Wall Street losses after US equities fell to a two-month low while tensions in Ukraine escalates as Russia gather troops on the border. The Japanese Nikkei 225 index slid 1.05% lower to close at 15,159.79 point, while Tokyo’s Topix index edged 0.97% to 1,251.91 points. […]
August 6, 2014 – Daily Market News Today’s Hot Assets: USD, Oil, Gold U.S. stocks dropped with the Dow Jones trading negative for the year. Declines came as concerns over escalating tension in Ukraine rose following comments from the Polish Foreign Minister who stated that Russia has gathered military forces on the Ukrainian border. At […]
European stock markets fell on Wednesday amid heightened tensions between Ukraine and Russia, together with sustained weakness from Asian and US markets overnight. Russia sharply increasing the number of troops and vehicles positioned on the eastern border of Ukraine in the past few days has accelerated worries of an invasion. The Stoxx Europe 600 Index […]
European markets have opened sharply in negative territory today, tracking losses in Asian and US equity markets, triggered by reports indicating that Russia expanded its military base on the eastern Ukraine border and as the Russian President, Vladimir Putin, sought measures to retaliate to EU and US sanctions. Closer home, data from Halifax indicated that […]
European markets have opened sharply in negative territory today, tracking losses in Asian and US equity markets, triggered by reports indicating that Russia expanded its military base on the eastern Ukraine border and as the Russian President, Vladimir Putin, sought measures to retaliate to EU and US sanctions. Closer home, data from Halifax indicated that […]
Asian Stocks Asian stocks were seen falling on Tuesday after China reported poor services industries figures and the Reserve Bank of Australia (RBA) announced its monetary policy statement. The Japanese Nikkei 225 index slid 1.00% lower at 15,320.31 points, while Tokyo’s Topix index declined 0.99%, ending at 1,263.53 points. In Japan, Isuzu Motors climbed 3.2% […]
August 5, 2014 – Daily Market News Today’s Hot Assets: USD, Oil U.S. stocks rebounded from their biggest drop in two years as a bailout plan was announced for Banco Espirito Santo. Portugal’s Central bank gave the bank 4.9 billion Euros. Traders welcomed the news as it prevented a collapse of one of Portugal’s biggest […]
August 5, 2014 – Forex News Hot asset for today: EUR/USD EUR/USD Volatility was low for the EUR/USD at the beginning of the week. The pair was ranging within a 20 pip channel suggesting that traders were waiting for more data to see the direction of the pair. We expect higher volatility today as Spanish and […]
After a shaky start to Monday’s session US indices rose yesterday afternoon, with the S&P500 and NASDAQ up 0.7% and the DOW up by nearly 0.5%. However, this rebound did not extend to the Asian session, with the Nikkei closing down by around 1%, the Hang Seng down 0.2% and the Shanghai Composite down by […]
European markets have opened in the green today, shrugging off weak Asian cues and embracing some upbeat earnings updates from Bayerische Motoren Werke AG and other blue-chip European companies. Meanwhile, the NIESR indicated that it expects the UK economy to grow 3% in 2014, an upward revision from the previous growth estimate of 2.9%. Later […]
European markets have opened in the green today, shrugging off weak Asian cues and embracing some upbeat earnings updates from Bayerische Motoren Werke AG and other blue-chip European companies. Meanwhile, the NIESR indicated that it expects the UK economy to grow 3% in 2014, an upward revision from the previous growth estimate of 2.9%. Later […]
August 4, 2014 – Forex News Today’s Hot Asset: EUR/USD EUR/USD The EUR/USD traded in a very narrow channel between 1.3415 and 1.3430 today as volatility was low. This was due to the fact that there were no important economic events today as so movement was causing by technical trading following Friday’s Non – […]
August 4, 2014 – Indices News Friday’s Non- farm Payroll figure disappointed the market as it came out below expectations. The U.S. economy added 209,000 jobs during the month of July. This was still slightly positive as it was the sixth month that jobs increased by over 200,000 but missed the forecast. The unemployment rate […]
August 4, 2014 – Stock Market News Today’s Hot Asset – HSBC Holdings Stocks in Asia traded mainly higher throughout the early trading session this morning. The only region within Asia to trade lower was in Japan. Besides that the rest of the region traded higher as investors took advantage of the many oversold assets […]
August 4, 2014 – Weekly News WEEKLY REPORT 04/08-08/08 EUR/USD Last week the EUR/USD fell to its lowest level since November 2013 after a range of economic data. The Eurozone CPI was lower than expected and increased by its slowest pace since 2009. This added more pressure onto the European Central Bank to implement tools […]
Asian Stocks Equities markets in the Asian region was seen swinging between losses and gains on Monday as investors digested the lower-than-forecasted US jobs data and China’s official PMI for the services sector. Japan The Japanese benchmark 225 index fell 0.31% lower, closing at 15,474.50 points, while Tokyo’s Topix index slid 0.40% to 1,276.19 points. […]
August 4, 2014 – Daily Market News Friday’s Non- farm Payroll figure disappointed the market as it came out below expectations. The U.S. economy added 209,000 jobs during the month of July. This was still slightly positive as it was the sixth month that jobs increased by over 200,000 but missed the forecast. The unemployment […]
Big news out of Portugal over the weekend, as the Portuguese government has moved to take control of Espirito Santo in a €4.9 billion bailout which will see the majority of the lender’s assets moved to a new company called Novo Banco (or New Bank). What a difference a week can make; on Thursday 24th […]
European markets have opened in the green today, rebounding from heavy losses registered last week, amid news that Portugal’s central bank has agreed to rescue the nation’s largest listed bank, Banco Espirito Santo SA. However, lingering geopolitical tensions in Gaza and Ukraine are expected to keep investors on their toes. Closer home, traders await UK […]
European markets have opened in the green today, rebounding from heavy losses registered last week, amid news that Portugal’s central bank has agreed to rescue the nation’s largest listed bank, Banco Espirito Santo SA. However, lingering geopolitical tensions in Gaza and Ukraine are expected to keep investors on their toes. Closer home, traders await UK […]
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Asian Stocks Asian stocks were seen mainly falling on Friday as the strong Chinese manufacturing activity data failed to boost sentiment. The Japanese Nikkei 225 index fell 0.63%, closing at 15,523.11, while Tokyo’s Topix index gained 0.63% to 1,281.30. The Japanese ceramics company NGK Insulators rallied 10.94% after the company posted a rise in its […]
August 1, 2014 – Forex News EUR/USD The EUR/USD tried to move above 1.3400 several times yesterday, however, the pair did not succeed and always reversed back down. The Euro decreased following the disappointing EU Flash CPI which showed inflation to slow and rise by 0.4%, instead of the expected 0.5%. Low inflation is adding […]
August 1, 2014 – Indices News U.S. stocks declined strongly with trading volume much higher than usual. The S&P 500 dropped 2% and the Nasdaq lost 2.09%. The Dow Jones erased its yearly gains by dropping 1.88%, experiencing its largest one-day retreat since the 3rd of February . The bearish sentiment was triggered by […]
August 1, 2014 – Daily Market News Today’s Hot Assets: USD, Gold U.S. stock finished sharply lower following mixed data and a default in Argentina. Initial jobless claims rose less than expected and the Chicago PMI dropped at its highest rate since 2008. Trading volume was much higher than usual and the S&P 500 closed […]
July trading ended on a sour note on Thursday, with markets plunging worldwide as Argentina’s debt default, Russian tension, Portuguese banking fears and a highly negative Chicago Purchasing Managers Index Reading (52.6) all came together in an unholy mix, with markets giving up all gains made over the course of the month – and in […]
