On Thursday afternoon 21st July, the Bank of Japan Governor Haruhiko Kuroda stated that there is no need to stimulate the economy with ‘helicopter money’, meaning the bank is not going to print large sums of money and distributing it to the public. After the statement was made, the yen strengthened against the dollar. On […]
Ben van Bilderbeek,CEO of Plexus Holdings, talks about the company’s current standing in the market as oil field well-head specialists. Having just partnered with Gusar & Konar in Russia, Ben says the company is set to take a share of the demand for high-pressure technology in Russia. Read more about Plexus: http://www.ig.com/uk/ig-shares/plexus-holdings-plc-POS-UK?CHID=9?QPID=1414138385&QPPID=1 Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: […]
Oil prices rebound as the US commercial crude oil inventory figure was released yesterday. With a reduction of 2.3 million barrels compared to the expectation of 2.1 million. It is the ninth consecutive drop in the US crude stockpile. West Texas Intermediate, WTI spot crude, has being oscillating in a downtrend channel since 9th June, […]
Overnight, the USD continued to hover near four-month highs against the other major currencies on Wednesday, as global growth concerns still weighed on market sentiment and as trading volumes were expected to remain light with no major U.S. data due throughout the day. Today, the market will focus on the ECB meeting (rate announcement & […]
The UK Claimant Count Change data released this morning was better than expected, and the GBP strengthened across the board. The number of people claiming for unemployment benefits slightly increased by 0.4K in June in the UK, comparing to the expectation of 3.5K and the previous figure of 12.2K. The unemployment rate also dropped to […]
As the USD strengthened, EURUSD plunged this morning, breaking through the significant psychological level at 1.10, the lowest point since 28th June. On the 4 hourly chart, the current price section is below all the EMAs, oscillating between the first downside trend line support at 1.0989 and the 8 EMA resistance at 1.102. The same […]
The US Building Permits and Housing Starts data released yesterday afternoon outperformed expectations. The former rose to 1.5% and the latter to 4.8% respectively, compared to the expectation of 0.6% and 0.5%, showing an increased demand in the US housing market. The dollar index future surged from 96.750 to an intra-day high of 97.180 on […]
On Friday, July 15th our exclusive filtered SpikeAlerts service nailed another winning trade to lock in a quick and easy $399+ profit in less than 10 trading hours for subscribers. This signal was sent out at 5:02pm ET which members were advised to buy UPRO, SSO, or ES futures contract in post-market trading hours. I should […]
The German ZEW Economic Sentiment and German ZEW Current Conditions data released this morning underperformed,the former falling significantly 26.0 points to -6.8 compared to the previous figure of 19.20. The latter falling to 49.8 compared to the expectation of 51.8. The DAX spot index fell from 10052.46 to a low of 9920.96 this morning, a […]
After opening lower and a slow start the FTSE100 has been moving up steadily this morning after better than expected news on UK inflation data. The UK consumer price index rose 0.5% for the year till June better than the expected 0.4% although these are still figures collected pre UK referendum. Royal Mail (RMG.L) was […]
The Reserve Bank of Australia on Tuesday released the minutes of its July board meeting, showing economic outlook deterioration as a result of the weaknesses of the labour market and inflation. The RMA stated that it would closely watch the economic data of the following month and to make any adjustment to the stance of […]
The New Zealand dollar slumped again this morning. The Reserve Bank of New Zealand （RBNZ）announced tighter lending restrictions across the nation from September 1, and will also reduce the limit of Loan to Value Ratios (LVR) from 80% to 60% for borrowers. The aim of the new measure is for mitigating risks to financial stability […]
The US retail sales and industrial production data released on last Friday outperformed and the dollar strengthened across the board. As a result, the dollar future index was helped by the outperformance of economic data and rallied 0.82% from 95.94 to 96.725. The bullish trend of the dollar remains unchanged post Brexit referendum, yet the […]
The US retail sales and industrial production data released on last Friday outperformed and the dollar strengthened across the board. As a result, the dollar future index was helped by the outperformance of economic data and rallied 0.82% from 95.94 to 96.725. The bullish trend of the dollar remains unchanged post Brexit referendum, yet the […]
The US retail sales and industrial production data released on last Friday outperformed and the dollar strengthened across the board. As a result, the dollar future index was helped by the outperformance of economic data and rallied 0.82% from 95.94 to 96.725. The bullish trend of the dollar remains unchanged post Brexit referendum, yet the […]
ftse 100 was trading slightly lower this morning despite some positive economic news coming out of Asia overnight, as news of latest French terror attack filtered through. However the index is current on the move to recover some of those gains. DCC (DCC.L) was trading higher after a positive statement, the company believes that the UKs […]
The Bank of England surprised the markets by leaving interest rates unchanged at 0.5%. The decision, which caught markets by surprise as they expected a 0.25% rate cut, caused the GBP to surge against USD and the JPY where it gained 250 and 400 pips respectively. Today the markets will continue to focus for any […]
Money management and personal finances don’t come easy to everyone. Luckily, there is a series of passionate videos designed to not only educate, but inspire you toward action. TED Talks are a series of influential videos from experts and industry leaders from around the world. While not focused specifically on finance, there have been several […]
GET MY ETF TRADE ALERTS – CLICK HERE Related Posts:Market Comment – Stocks slide, dollar soars as rate cut bets… April 16, 2024 Surging US retail sales dampen Fed rate cut expectations Wall…Video market update for April 16, 2024 April 16, 2024 Potential for the bigger drop on NAS100The material has been…Video market update for […]
At 12pm today, the Bank of England announced an unchanged interest rate of 0.50%, but gave a strong indication that easing measures were just around the corner at the next meeting in August. . GBPUSD pulled back from yesterday’s intra-day high of 1.3336 to a low of 1.31 this morning. After the announcement, GBPUSD soared […]
It was a relatively dull session yesterday (Monday July 11th) with stocks gapping higher only to trade sideways up till now. As I talked about in the morning’s video I expected stocks to grind higher, and for vix ETF to keep moving lower for another day or three. Coffee continues to be on caffeine-high today testing near today’s […]
The positive risk sentiment in global financial markets continued yesterday. SP 500 extended record run to close at 2152 up 0.7% on a combination of positive US data, hopes on the face of the new UK Prime Minister, and Japanese stimulus measures to weaken the JPY. As a result all risk assets including OIL & […]
12 July 2016: Richard Hunter, from Wilson King Investment Mgt, explains why there is the disparity in the FTSE 100 and the 250 index and says that to some degree the UK has been ‘picked on’. Richard says the frailties of the EU may soon be exposed. Related Posts:Technical Analysis – NZDUSD bulls show up […]
Overall sentiment has turned positive as can be seen from the SP500 setting a new all-time high record. The positive sentiment is mainly stemming from Japans Nikkei as the country’s PM has vowed to add new stimulus packages that will weaken the JPY. A weak JPY is good for exports, hence stock markets took this […]
Moneysupermarket (MONY) finished up 5% today at 260p after broker Canaccord upgraded the stock from HOLD to NEUTRAL ahead of an expected trading update this week. The broker however cut its target price from 352p to 325p citing exposure to credit markets which may come under pressure in the event of another recession despite its […]
Today I like to share my thoughts about the S&P 500 index, the volatility index, and what I believe will be the trigger/event which sends stock markets around the world to new multi-year lows. While the charts shown here are very simple there is a lot of information behind the scenes that backup the analysis/predictions […]
Deutsche bank (DBK) shares dropped to fresh new lows with the various news announcements, as well as a feeling that Germany will not be capable of bailing out the bank. The imminent outcome for DBK is ‘bankruptcy’ while the world will have to bear the brunt of the fallout from all of the complicated ‘derivatives’ […]
Why Stock Market Investors Should Expect the Unexpected Read our forecast for a market rally in the wake of Brexit By Elliott Wave International [Editor’s Note: The text version of the story is below.] Investors who jump on “sure things” in the stock market usually lick their wounds with regret. The decision of British voters […]
Brexit and Beyond — Look at Price Patterns, not Market News How Elliott waves helped us get bearish on the British pound days ahead of vote By Elliott Wave International Jim Martens, editor of Currency Pro Service, prepared his subscribers early for the violent reversal and historic sell-off in the British pound. Learn what helped […]
5 July 2016: How to trade Tesla stock. IG technical analyst, Joshua Mahony looks at the Tesla chart after the company released news late on Independence Day that shows sales have now fallen for two consecutive quarters. Related Posts:Analysis of GBP/USD. April 15th. Retail sales in the USA… April 15, 2024 The wave analysis for […]
