Tuesday, September 27, 2016

OPEC is pumping more oil than ever before

OPEC’s second largest producer has thrown its weight behind an oil output freeze.
Iraqi oil minister Jabbar Al-Luiebi said his country is willing to freeze production — or even cut it — if a consensus emerges at a meeting of major oil producers that starts Wednesday in Algiers.
“If the freeze is going to have a positive impact on prices, then we agree with the freeze,” Al-Luiebi told CNNMoney on Tuesday. “I am optimistic.”
Yet it’s not clear that a deal, long sought by some OPEC producers, is within reach. Both Iran and Saudi Arabia have said that the meeting is merely “consultative.”
The idea is that an output cap will help put a floor under prices, which have risen from $26 per barrel in February to $45 but are still down more than 50% since 2014.
Critics say any freeze would be mostly symbolic — OPEC is pumping more oil than ever before, and freezing production at extremely high levels wouldn’t really help fix an oversupplied market.
Oil prices have bounced before on hopes of a freeze, only for them to be dashed when talks collapsed.

Thursday, September 22, 2016

Offshore hedge funds are unregistered pooled investment

Offshore hedge funds are unregistered pooled investment funds domiciled outside the US (i.e., "offshore") and open only to non-US investors or, occasionally, US tax-exempt "accredited" investors. Offshore hedge funds are usually structured as corporations. Like domestic hedge funds, they are not subject to portfolio management restrictions that may apply to registered funds. Generally, the number of investors is not restricted. Many offshore hedge funds are formed in international tax havens such as Bermuda or the Cayman Islands, which offer privacy as well as tax advantages. It is important to keep in mind that the domicile of a hedge fund is not an indication of its quality.

Tuesday, September 20, 2016

How to use The best Forex brokers for FX trading

Forex traders need to find the best Forex broker this is important for your forex trading success.
The best currency brokers will have a complete set of charts and software for you to use. The charts will be free to use and come along with their services. You should make sure the data transfer is fast and not delayed. Your internet connection should be high speed and connect directly to the forex broker's charts and trading platforms.
 The best forex brokers will provide up to the minute news that is occurring in the forex markets around the world. This is a great way to stay informed on when to trade especially in the different trading pairs that are not USD based. In the traditional set up, you have to call your broker and ask him to buy or sell the pairs.  And then if you do decide to buy or sell the pair, your broker would have to make another call to order through the trader.However, when you forex trade online, all it takes to be able to buy or sell pairs would be a single click of the mouse.

Monday, September 19, 2016

USD/CAD posted considerable losses in the Asian session

•USD/CAD posted considerable losses in the Asian session and is flat in European trade
• 1.3120 is a weak line
•1.3253 is a strong resistance line
Further levels in both directions:
•Below: 1.3120, 1.3028 and 1.2922
•Above: 1.3253, 1.3371 and 1.3457
•Current range: 1.3120 to 1.3253
USD/CAD ratio is unchanged in the Monday session. Currently, short positions have a strong majority (68%), indicative of trader bias towards USD/CAD continuing to lose ground.
The Canadian dollar has posted gains to start off the week, erasing the losses which marked the Friday session. Early in the North American session, USD/CAD is trading at 1.3160. On the release front, the sole US event is the NAHB Housing Market Index. There are no Canadian releases on the schedule. On Tuesday, the US will release Building Permits, a key event.


Summary :
Target Level : 101.7775
Target Period : 2 days

Analysis :
Triangle identified at 19-Sep-01:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 101.7775 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 102.42Last resistance turning point of Triangle.

Support Levels
( A ) 101.7775Last support turning point of Triangle.

Chart date range :
09-Sep-07:00 GMT-> 19-Sep-06:00 GMT
Data interval : 1 hour
RSI:34 Candles
MA:34 Candles

Thursday, September 15, 2016


Summary :
Target Level : 1.1204
Target Period : 2 days

Analysis :
Channel Up identified at 15-Sep-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1204 within the next 2 days.

Resistance Levels :
( B ) 1.1274Last resistance turning point of Channel Up.

Support Levels
( A ) 1.1204Last support turning point of Channel Up.

Chart date range :
01-Sep-20:00 GMT-> 15-Sep-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Wednesday, September 14, 2016

The largest group of millionaires

Companies that deal well with inflation are the ones to put some money into.  Bad news can make a stock's price fall. This is part of the risk in trading stocks. If a companies stock price is high then investors will watch for bad news and short the stock. The largest group of millionaires  made their money from shorting stocks. Its better to buy a mediocre stock the one that is high priced because bad news will make it sell off. Remember you make money from the prospect that the company is going to have profits quarter to quarter.Look for value stocks all brokers will have a system in place to evaluate stocks.  Start out slow and do your research before investing money. You will find that your profits will be much better for it.When you select a stock look for excellence in share price and return on your investment.