All traders have found their own mix of technical analysis indicators and price action which they feel provides them with a good feel for when the stock market is oversold and overbought. Let’s face it, as traders, we see the market is a different way and its limitless as to how we can trade each […]
The People’s Bank of China (PBOC) has received approval from the World Bank allowing its’ issuance of bonds which are denominated in Special Drawing Rights (SDRs). The World Bank is the first entity to approve of it and consequently marks the launch of the SDR bond market of the worlds’ second-largest economy. Jim Yong Kim, The World […]
German and Eurozone Manufacturing, Services and Composite PMIs for Aug, will be released at 08:30 and 09:00 GMT+1 on Tue 23rd Aug. Although the German Manufacturing PMI in July fell slightly to 53.8, from 54.5 in June, it was the strongest expansion in the past four and a half years. In addition, output grew at […]
Spot WTI WTI hit seven-week high of 49.40 today. It has rallied 24.6% from 39.65 since 3rd August. The FOMC’s dovish minutes, released on Wednesday, resulting in the dollar has weakened across the board. The weakness of the dollar boosted oil prices, in addition, the fall of US crude oil inventories reported on Wednesday also […]
GBPUSD UK Retail Sales (YoY and MoM) and Core Retail Sales figures (YoY and MoM) in July, released earlier today, outperformed. Sterling strengthened across the board. Retail sales (MoM) rose to 1.4% in July, from -0.9% in June, beating expectations of 0.2%. Retail sales (YoY) rose to 5.9% in July, from 4.3% in June, beating […]
17 August 2016: Tim Allen, blur Group CFO, explains how the company has managed to cut cash burn by 58% and that the business is now moving to the next phase on from its operational pilot stage.
The Dollar Index Future (DXY) On Tue 16th Aug, the dollar index future (September) extended the weakness it has shown since Friday. A result of the disappointing retail sales report, the lowered market expectations for a Fed rate hike, and the dovish statement made by John Williams, the president of San Francisco Fed. The dollar […]
Michael Hodgson, Serabi Gold CEO, discusses the position of the company in South America. He delves into how the BRL/USD exchange rate is giving the effect of pushing up costs, yet the margins remain. He explains how shares are not pricing in the growth expectation, as Serabi expands its mines. Learn more about Serabi Gold: […]
The initial post-referendum UK economic data for July was released this morning and the rest will be released later this week. The CPI figures released, were above or in line with expectations. The YoY CPI figure rose to 0.6% in July, from 0.5% in June. The YoY Core CPI was 1.3% in July, from 1.4% […]
The Dollar Index (DXY) Economic data released on Friday 12th Aug underperformed, against the market expectations. The Retail Sales figure showed no growth in July, compared to a revised, robust, 0.8% gain in June. The Core Retail Sales reading plunged to -0.3% in July from, a strong, revised 0.9% in June. The slide of retail […]
The S & P 500 Index The S & P 500 and Dow Jones indices both hit new record highs at 2187.92 and 18637 points respectively, on Thursday 11th Aug, lifted by the department store Macy’s strong quarterly sales and the rebound in the price of oil. Strong retail earnings bolstered market sentiment. The S […]
The DAX index has entered a bull market, oscillating in an uptrend channel since 12th July. The significant resistance level at 10473 was broken on 8th August, spurred by the market’s risk-on sentiment, resulting from central banks’ loose monetary policies. The DAX reached the intra-day high of 10701.38 points on Tue 9th Aug, helped by […]
The Reserve Bank of New Zealand (RBNZ) will announce a rate decision at 22:00 GMT+1 today, followed by Bank Governor Graeme Wheeler’s statement. RBNZ has stated on 21st July that further QE will be required to ensure that future inflation settles near the middle of the target range and a rate cut is expected. The […]
We are currently experiencing a “Kondratiev Winter” stage in this stock market which is at its’ “tipping” point. This is where nominal to incremental highs on the SPX can be exceeded by 2%, but, by no more than 4%. I am observing a “MARKET FAILURE” right here and now. This is a BULL TRAP! Last […]
9 August 2016: Ajay Paliwal, OPG Power Ventures, says the current fiscal year has started well and the expectation is the record results recently published can be repeated. Ajay also talks about the move into solar power generation. Related Posts:Technical Analysis – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull […]
Markets: Understand the Present to Forecast the Future (Part 2) Knowing where you are within a trend helps you see around the next corner By Elliott Wave International In part 2 of our in-depth interview with Steve Hochberg, Steve explains what else makes Elliott wave analysis so useful and practical. If you missed part 1 […]
GBPUSD Earlier today the Sterling hit a one-month low, as the Bank of England policymaker Ian McCafferty commented that more quantitative easing was likely to be required if the UK’s economic decline worsens. In addition, a series of UK economic data released today also weighed on Sterling. The significant level at 1.30 was broken. The […]
Knowing where you are within a trend helps you see around the next corner By Elliott Wave International [Editor’s note: A text version of the interview is below.] Steve Hochberg, our Chief Market Analyst, sits down with ElliottWaveTV to talk about his background, how he discovered the Wave Principle, and why “it’s applicable to all […]
The US Non-Farm Payroll (NFP) figure along with the unemployment rate of July will be released at 13:30 GMT today. The ADP figure released on Wed was 179,000 slightly increasing in comparison with the expectation of 170,000. On the 4 hourly chart of the dollar future index, the price has been bearish from 27th July […]
The spot price for gold is up 4.06% from 1313.77 on 26th July to 1367.16 on 2nd August, a three week high. Sterling has rallied since 27th July against the dollar mainly as a result from the weakening of the dollar. Many investment firms hold a bearish view on the sterling, and the market has […]
CEO of Solo Oil, Neil Ritson, elaborates on the company’s exciting ventures in Tanzania where there has been vast opportunities with advantageous low cost production. More locally, Neil talks of discoveries in Horse Hill and the Isle of Wight, but does concede times are tough in this challenging climate. Read more about Solo Oil: http://www.ig.com/uk/ig-shares/solo-oil-plc-SOLO-UK?CHID=9?QPID=1414138385&QPPID=1 […]
The Eurozone GDP QoQ rose by 0.3% in the second quarter, only half comparing to the figure of 0.6% in the first quarter. Eurozone GDP YoY was 1.6%, more than the expectation of 1.5%, yet still below the 1.7% seen in Q1. This can be associated with the 0% GDP growth in Q2 of France […]
The Atlanta Federal Reserve announced their second quarter GDP growth forecast of 1.8% from 2.3%. This was based on the data on wholesale and retail inventories in June released on Thursday by the U.S. Census Bureau. This was the first time that quarterly data from last month was provided ahead of the reveal of GDP, […]
Ben Kumar, Seven Investment Management, runs a quick eye over earnings at the tech giants including Alphabet, Amazon, Apple, Facebook, Netflix and Twitter. Ben also speculates on ‘what next’ in the drive for expansion. Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047065291192896 IG is a global leader […]
The Bank of Japan will its announce monetary policy statement along with interest rate decision on Friday 29th July. Market expectations are that BoJ will likely implement stimulus measures, even a rate cut further lower than the current negative rate of 0.1 %. Ahead of the BoJ’s statement, on Wednesday 27th July Kyodo News reported […]
Dr Jim Phillips, CEO of Midatech Pharma, talks about the impact of the Brexit vote on the European supply chain and tackles regulation, funding, weaker sterling and a potential lower corporation tax environment. Jim also elaborates on the opportune time to decide to move domicile. Read more about Midatech Pharma: http://www.ig.com/uk/ig-shares/midatech-pharma-plc?CHID=9?QPID=1414138385&QPPID=1 Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom […]
Fed will announce the interest rate decision along with the FOMC statement this evening at 7pm UK time. Markets expectations are that Fed will likely keep the rates unchanged at 0.5% as the overall economic outlook is not solid enough for a rate hike. The outperformance of the U.S. labour market, retail sales and ISM […]
West Texas Intermediate (WTI) spot hit 3-month low of $ 43.14 on Monday owing to market concerns on the U.S. oil oversupply, sluggish global demand and a strengthening dollar. Firstly, energy service firm Baker Hughes reported that the number of the active oil rigs in the U.S. has increased for the fourth consecutive week from […]
The Services PMI (month-over-month) released falling significantly from 52.3 in June to 47.4 in July, which is the lowest level since the April 2009 post-financial crisis. The indicator was surveyed from a variety of service sectors, a reading below 50 indicates economic contraction. The sharp fall was a result from the impact of the referendum […]
I was recently looking at the CNN money website where they post this fear & green index. I caught my attention because many other aspects of the market are now also showing signs an imminent correction in the stock market. This analysis is a contrarians play, meaning you believe that when mass majority of market […]
