Exxon recently reached the resistance level 102.00 that was set as the buy target in our latest report for this company. The price has been rising sharply in the last few days inside the minute subwave (iii) of the extended minor upward impulse wave 3 belonging to the longer-term intermediate impulse wave (3) from last […]
Stocks – Asia Asian stocks were seen trading mixed on the last day of the trading week as investors focus on the release of the US non-farm payrolls for April, due later in the day. In Japan, the benchmark Nikkei 225 index dropped 0.19% lower closing the session at 14,4457.51, while Tokyo’s broader Topix index […]
May 2, 2014 – Daily Market News Today’s Hot Assets: Gold, USD Today, the Nonfarm Payrolls report will be released. This shows the net number of employees hired during the month and gives market participants an idea of how the economy could fare in the near term. Last month we saw that 192,000 jobs were […]
May 2, 2014 – Forex News Hot Asset For Today: EUR/USD The EUR/USD is down slightly today as it continues retracing gains from yesterday and the day before. However, the amount of movement is decreasing, and the it is possible the pair may start ranging soon in anticipation of Manufacturing PMI data from numerous countries […]
RBS has reported a pre-tax profit of £1.6 billion for the first quarter of 2014, beating expectations and leading to a 10% rise in share price. US Pharmaceutical firm Pfizer has raised its bid for AstraZeneca to $106 billion (£63 billion), at £50 a share. The Eurozone PMI rose from 53.0 in March to 53.4 […]
May 2, 2014 – Stock Market News Today’s Hot Asset – MasterCard Stocks in Asia traded slightly lower during the early trading session today. Investors were concerned by Sony’s comments that their profit might not exceed estimates. These comments immediately swept the market with a sense of pessimism and caused the slide downwards. Trading was […]
European markets have opened mostly in the red today. Market participants eagerly await today’s US non-farm payrolls data which is expected to show a pickup in hiring in April. Closer home, traders will eye construction activity data which is forecast to show a drop in April. Related Posts:Technical Analysis – USDCAD blossoms ahead of central […]
Elliott Wave International’s technical analysis expert, Jeffrey Kennedy, shows you the first step in identifying a high-confidence trade setup in this 4-minute video clip. It’s taken from a live lesson he taught on April 9, 2014. If you would like to learn more, sign up for Jeffrey’s free 45-minute webinar, “4 Critical Elements of High-Confidence […]
May 1, 2014 – Indices News Asian markets were mostly bearish today after US GDP data came out worse than expected. Asian firms are still heavily reliant on US consumers, so investors start to panic when they see bad news from America. Furthermore, worse than expected Manufacturing data from China also help Asian indices back. […]
May 1, 2014 – Stock Market News Today’s Hot Asset – Exxon Mobil Stocks in Asia traded mixed during the early session today. Trading was thin throughout the session due to the holidays. However, there were still plenty of trading opportunities, as investors digested the news that the U.S. decided to taper for a fourth […]
May 1, 2014 – Daily Market News Today’s Hot Assets: USD, GBP At the FOMC Statement yesterday the Fed released that they would reduce the quantitative easing by a further $10 billion and the key rate would be remain unchanged at zero. They also stated that the economy is gaining momentum and that growth in […]
The US Federal Reserve’s Monetary Policy Statement yesterday was generally optimistic in its outlook for the US economy; as expected, the Fed scaled back its monthly bond purchase by another $10 billion, bringing it down to $45 billion. However, US GDP numbers, also out yesterday, were uninspiring, showing a 0.1% growth rate in Q1 2014. […]
What’s in a price chart? A lot! Plain and simple, price patterns help you spot high-confidence trading and investing opportunities. Yes, fundamentals have their place, but technical analysis — forecasting the market by looking for price patterns — gives you a tremendous edge. Oh, you already use technical indicators? Then you’re a step ahead of […]
May 1, 2014 – Forex News Hot Asset For Today: USD/JPY The EUR/USD has climbed again today due to better than expected housing data from the UK. Though the UK does not use the euro, it is still a part of the European Union and its markets are closely linked with other Eurozone markets. Thus, […]
May 1, 2014 – Binary Options Monthly News There are many important financial events which are scheduled to take place this month. Keeping an eye on the following data will help bring successful binary options trading. This month’s main events – Thursday May 1 – Friday May 30: 01/05/2014 All Day CNY Bank Holiday 12:59am CNY Manufacturing […]
UK markets have opened in the green today. The US Fed continued to trim its monthly bond purchase programme in its policy meeting concluded yesterday. Other European markets are closed today on account of Labour Day holiday. Closer home, Nationwide reported that house prices in the UK rose more than expected by 10.9% YoY in […]
Stocks – Europe Stocks in Europe opened lower on Wednesday as investors focus on the release of consumer prices reports from the eurozone. The European Euro Stoxx 50 edged 0.38% lower opening at 3,196.61, while the German DAX lost 0.10% trading at 9,574.77 at the time of writing. At the same time the French CAC […]
April 30, 2014 – Stock Market News Today’s Hot Asset – Twitter Stocks in Europe are little changed from yesterday’s closing prices. Investors are looking ahead to the Fed policy statement that is due to be released later today. This is creating a lot of indecision amongst investors, as they await the verdict. This is […]
Apple recently rose sharply above the buy target 550.00 that was set in our previous technical analysis report for this company. The breakout of this buy target was preceded by the breakout of the daily down channel which has enclosed the earlier intermediate correction (2). The breakout of 550.00 coincided with the breakout of the […]
Saga has confirmed its plans to float on the London Stock Exchange. The over-50’s insurer intends to raise £550 million to help pay down some of the firm’s debt, which currently stands at over £1.2 billion. The earnings season continues, and has brought mixed news for Shell. Their initial profit of $7.3 billion far outstripped […]
April 30, 2014 – Daily Market News Today’s Hot Assets: EUR, CAD, USD, Oil Technology stocks rebounded yesterday pulling U.S. stocks higher. Risk Appetite returned and investors turned their attention to the FOMC Statement which will be released today at 6pm GMT. Recent U.S. data has been mostly strong and has shown continuous improvement in […]
The one-two punch 2014 winter storms that battered the southeastern United States left $13.5 million in damages in Georgia alone and thousands of residents displaced due to burst pipes and power outages. I am one of the displaced. Three months after the flood, I’m still living out of suitcases in a hotel while my apartment […]
Every time you use a new app on your smartphone, you may utter a silent prayer of gratitude for living in a post-industrial age. No more back-breaking heavy labor. Now, it’s all about technology and brain power. But what does it mean when the Dow Jones Industrial Average enters the post-Industrial Average age? Here’s a […]
European markets have opened mostly in the red as investors adopted a cautious stance ahead of the US Federal Reserve’s monetary policy outcome later today. Additionally, a slew of macroeconomic releases across the Eurozone and the US will keep investors interested. With no domestic macro releases, traders will eye Eurozone CPI and US GDP data […]
April 29, 2014 – Indices News Asian markets have mostly gone up due to better than expected corporate earnings data. Companies like LG and Ping An insurance gained after posting better than expected profit growth. Though tension in Europe remains, the risk has already been priced into most Asian indices from yesterday. Investors are also […]
April 29, 2014 – Stock Market News Today’s Hot Asset – Ebay Stocks in the U.S. are currently trading higher, as the session head into its second half of the day. Investors in the U.S. are eyeing key economic data due to be released during this session and are already looking ahead to tomorrows Fed […]
April 29, 2014 – Daily Market News Today’s Hot Assets: GBP, USD, CAD, JPY U.S. stocks were mostly higher after positive Pending Home Sales data and potential merger news. The S&P 500 closed 0.32% higher and the Dow Jones closed 0.53% higher. Gains were led by Microsoft and Pfizer after confirmation that Pfizer approached AstraZeneca […]
Stocks – Asia Stocks in Asia were seen swinging between losses and gains on Tuesday after the corporate data releases with a regional gauge near its lowest close in a month and the markets in Japan were shut for a public holiday. Hong Kong’s benchmark Hang Seng index climbed 0.09% to 22,152.00 at the time […]
There were large fluctuations in Sterling this morning, as the pound rose prior to the UK GDP announcement; and dropped sharply when the figure turned out to be slightly lower than expected. Predictions had been for growth of 0.9%, but the actual number turned out to be 0.8% – still an increase on the 4th […]
European markets have opened in the green, extending their yesterday’s gains. Going forward today, a slew of macro releases across Eurozone, the UK and the US will be eyed for further direction. Closer home, traders will focus on the preliminary UK first quarter GDP data which is anticipated to show a faster pace of expansion […]
