Wednesday, December 28, 2016

Gold has posted slight gains in the Tuesday session.

Gold has posted slight gains in the Tuesday session. In North American trade, the spot price for one ounce stands at $1137.32. On the release front, CB Consumer Confidence climbed to 113.7, easily exceeding the estimate of 108.9. On Wednesday, the US releases Pending Home Sales, with the markets expecting a strong gain of 0.6%.
As 2016 wraps up, US consumer confidence indicators continue to move upwards in what analysts are describing as a post-election surge in optimism. The CB Consumer Confidence report surged in December to 113.7, its highest level since August 2001. This reading comes on the heels of UoM Consumer Sentiment, which climbed to a 12-year high, with a reading of 93.8 points. Clearly, consumers are optimistic that the economy will continue to improve under Donald Trump. Both of these well-respected surveys found that consumers are confident that continuing economic growth will create new jobs and raise incomes. Trump’s economic platform remains short on details, but he has promised to cut taxes while increasing fiscal spending.

Tuesday, December 27, 2016

USD/JPY Chart

Summary : Target Level : 118.2445
Target Period :
3 days

Analysis :
Triangle identified at 27-Dec-05:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 118.2445 within the next 3 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 118.2445Last resistance turning point of Triangle.

Support Levels
( A ) 117.1475Last support turning point of Triangle.


Chart date range :
07-Dec-13:00 GMT-> 27-Dec-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Monday, December 26, 2016

EUR/JPY Chart

Summary : Target Level : 121.6825Target Period : 3 days
Analysis :
Triangle identified at 22-Dec-21:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 121.6825 within the next 3 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 123.1995Last resistance turning point of Triangle.

Support Levels
( A ) 121.6825Last support turning point of Triangle.


Chart date range :
30-Nov-13:00 GMT-> 24-Dec-01:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Wednesday, December 21, 2016

GBP/USD Chart

Summary : Target Level : 1.2496Target Period : 2 days
Analysis :
Falling Wedge has broken through the resistance line at 21-Dec-05:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 1.2496.

Resistance Levels :
( B ) 1.2499Last resistance turning point of Falling Wedge.

Support Levels
( A ) 1.2313Last support turning point of Falling Wedge.



Chart date range :
07-Dec-01:00 GMT-> 21-Dec-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Tuesday, December 20, 2016

EUR/USD

Summary : Target Level : 1.0451Target Period : 2 days
Analysis :
Triangle identified at 20-Dec-04:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0451 within the next 2 days.

Resistance Levels :
( B ) 1.0451Last resistance turning point of Triangle.

Support Levels
( A ) 1.0393Last support turning point of Triangle.


Chart date range :
13-Dec-00:00 GMT-> 20-Dec-06:00 GMT
Data interval : 1 hour
RSI:34 Candles
MA:34 Candles

Tuesday, December 13, 2016

Always take note of the risks involved

 Be smart and what you are particularly risking in the exchanges. Always trade in reasonable sizes.  Some markets inside exchanges are able to make it possible for individuals to trade very large amounts of leverage. And so, a lot of people trade in large quantities in order to assure larger profits. However, doing this may also open up the possibility of losing money in such large quantities as well. It is always wiser to scale your trades in order to lessen risks. Never trade sizes that can wipe you out of all your money. And you would have nothing to lose if you actually start small, and grow your trading transactions from there.
   Identify market trends before trading  It is also very important that you are aware of how the market is doing before you start trading. Remember to learn if trends are going up or down. If the you know whether the market trends are weak or strong then it may become easier for you to make the right decisions in your transactions. By getting a good picture of the situations in the market, you can easily lay down a plan for conducting a successful trade. Things would become easier for you to foresee what must be done when you have a good idea on what may happen.

dollar wavered Tuesday as investors stuck to the sidelines

The dollar wavered Tuesday as investors stuck to the sidelines a day ahead of the Federal Reserve's latest policy decision.
The WSJ Dollar Index, which measures the U.S. currency against 16 others, was down 0.03% at 91.29. The pound was among the best-performing major currencies against the dollar, rising 0.4% after strong U.K. inflation data.
The Fed will announce its latest policy decision Wednesday, and investors widely expect the central bank to lift U.S. borrowing costs for the first time in a year.
Investors' focus will be on the Fed's statements for hints that the central bank could raise interest rates more aggressively going forward.
Higher rates typically boost the dollar by making dollar assets more attractive to yield-seeking investors.
"We expect further U.S. dollar strength as the market re-prices more tightening from the Fed," said analysts at Goldman Sachs in a research note. "That said, we also think that [Chairwoman Janet] Yellen will continue to emphasize that...data will dictate the future path of interest rates."

USD/CAD

Summary :
Target Level : 1.3297
Target Period : 2 days

Analysis :
Channel Down identified at 12-Dec-17:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3297 within the next 2 days.

Supporting Indicators :
RSI below 40

Resistance Levels :
( B ) 1.3297Last resistance turning point of Channel Down.

Support Levels
( A ) 1.3114Last support turning point of Channel Down.



Chart date range :
25-Nov-05:00 GMT-> 13-Dec-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Wednesday, December 7, 2016

EUR/USD--which last trades up 0.21% at $1.0741

 EUR/USD--which last trades up 0.21% at $1.0741--to hover around $1.07 heading into Thursday's European Central Bank policy decision and press conference by President Mario Draghi. ING's expectation for a two-quarter extension to quantitative easing, with no signal of any intention to taper monetary accommodation, "should be EUR neutral as it would partly keep concerns about Italy at bay." ING's forecast is in line with most other analysts' forecasts.

Tuesday, December 6, 2016

USD/CHF

Summary :
Target Level : 1.0183
Target Period : 2 days

Analysis :
Channel Down identified at 06-Dec-04:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0183 within the next 2 days.

Resistance Levels :
( B ) 1.0183Last resistance turning point of Channel Down.

Support Levels
( A ) 1.0051Last support turning point of Channel Down.


Chart date range :
28-Nov-22:00 GMT-> 06-Dec-06:00 GMT
Data interval : 30 Minutes
RSI:34 Candles
MA:34 Candles

Monday, December 5, 2016

Canadian dollar has posted gains on Monday

The Canadian dollar has posted gains on Monday, continuing the upward movement which marked the Friday session. In North American trade, USD/CAD is trading at the 1.3270 level. On the release front, today’s key event is US ISM Non-manufacturing PMI. The index is expected to improve to 55.3 points. There are no Canadian releases on the schedule.
Employment numbers were on center stage on Friday, as both Canada and the US released key employment indicators. In the US, the numbers were a mix.  readings were mixed. Nonfarm Payrolls improved to 178 thousand, edging above the forecast of 177 thousand. This marked a 4-month high. However, Average Hourly Earnings, which measures wage growth, surprised with a decline of 0.1%, short of the estimate of 0.2%. This was the first decline in wage growth since March. The unemployment rate dropped to just 4.6%, well below the forecast of 4.9%. The strong labor market has been a key factor in the strong US economy, which saw GDP grow at a clip of 3.2% in the third quarter. Canadian employment indicators were solid, as Employment Change gained 10.7 thousand, much better than the estimate of -16.5 thousand. As well, the unemployment rate dropped to 6.8%, below the forecast of 7.0%. The Canadian dollar responded with gains, as USD/CAD dropped to 1.3254, its lowest level since mid-October.
  • USD/CAD showed limited movement in the Asian and European sessions. The pair has recorded considerable losses early in North American trade
  • 1.3253 has weakened in support following losses by USD/CAD
  • 1.3371 is the next resistance line
  • Further levels in both directions:
    • Below: 1.3253, 1.3120 and 1.3026
    • Above: 1.3371, 1.3457, 1.3551 and 1.3648
    • Current range: 1.3253 to 1.3371
    • USD/CAD ratio is unchanged in the Monday session. Currently, short and long positions are almost evenly split , indicative of a lack of trader bias as to what direction USD/CAD will take next.

    USD/JPY has posted gains in the Asian and European sessions

    •USD/JPY has posted gains in the Asian and European sessions
    •113.86 has switched to a support role following gains by USD/JPY
    •114.83 is the next line of resistance
    •Current range: 113.86 to 114.83
    Further levels in both directions:
    •Below: 113.86, 112.48, 111.45 and 110.24
    • Above: 114.13, 115.45 and 116.88
    USD/JPY ratio is almost unchanged in the Monday session. Currently, short positions have a strong majority (58%), indicative of trader bias towards USD/JPY continuing to move lower.
    USD/JPY has started the week with strong gains. Currently, the pair is trading at 114.30. On the release front, Japanese Consumer Confidence dropped to 40.3 points, missing expectations. In the US, today’s key event is ISM Non-manufacturing PMI. The index is expected to improve to 55.3 points.

    Thursday, December 1, 2016

    A MarketRiders portfolio


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    EUR/USD

    Summary :
    Target Level : 1.0565
    Target Period : 12 hours

    Analysis :
    Pennant identified at 30-Nov-17:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0565 within the next 12 hours.

    Supporting Indicators :
    Downward sloping Moving Average

    Resistance Levels :
    ( B ) 1.0667Last resistance turning point of Pennant.

    Support Levels
    ( A ) 1.0565Last support turning point of Pennant.



    Chart date range :
    17-Nov-09:00 GMT-> 01-Dec-09:00 GMT
    Data interval : 4 hour
    RSI:34 Candles
    MA:34 Candles

    Monday, November 21, 2016

    GBP/USD has started the trading week with strong gains

    GBP/USD has started the trading week with strong gains. In the North American session, the pair is trading at the 1.25 line. On the release front, there are no indicators out of the UK or the US. On Tuesday, the UK will release Public Sector Net Borrowing and CBI Industrial Expectations.
    It’s a very quiet start to the week, so the markets will have some time to focus on the Autumn Forecast Statement, which serves as a preview to the annual UK budget. This report will be closely watched, as it will detail the government’s forecast for the economy ahead of the Brexit negotiations. Analysts are bracing for a pessimistic report which will point to lower growth, higher inflation and a ballooning deficit. Since the Brexit vote, the economy has managed quite well, consistently putting up numbers which have beaten expectations. However, if the Autumn Forecast Statement points to serious trouble ahead as Britain prepares to leave the EU, the pound could weaken.
    •GBP/USD was flat in the Asian and European sessions. The pair has  posted strong gains in North American session
    •1.2351 is providing strong support
    •1.2479 was tested earlier in resistance and is a weak line
    Further levels in both directions:
    •Below: 1.2351, 1.2272 and 1.2120
    •Above: 1.2479, 1.2620 and 1.2778
    •Current range: 1.2351 to 1.2479
    In the Monday session, GBP/USD ratio is showing long positions with a majority (58%), This is indicative of trader bias towards GBP/USD continuing to move upwards.

    USD/JPY Chart

    Summary :
    Target Level : 110.647
    Target Period : 5 hours

    Analysis :
    Rising Wedge identified at 21-Nov-05:45 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 110.6470 within the next 5 hours.

    Resistance Levels :
    ( B ) 111.186Last resistance turning point of Rising Wedge.

    Support Levels
    ( A ) 110.647Last support turning point of Rising Wedge.



    Chart date range :
    18-Nov-03:00 GMT-> 21-Nov-06:00 GMT
    Data interval : 15 Minutes
    RSI:34 Candles
    MA:34 Candles

    Friday, November 18, 2016

    EUR/USD has ticked lower on Friday

    EUR/USD has ticked lower on Friday, following sharp losses in the Thursday session. Currently, the pair is trading at the 1.06 line. On the release front, it’s a quiet end to the trading week, with no major releases. German PPI posted a gain of 0.7%, beating the estimate of 0.3%. In the US, the sole economic release is the CB Leading Index, with an estimate of 0.1%. The markets will be more interested in hearing from three FOMC members, who will deliver speeches during the day. This follows Janet Yellen’s testimony before the Joint Economic Committee on Thursday.
    US numbers were generally positive on Thursday, as the economy continues to move in the right direction. Unemployment Claims sparkled at 235 thousand, much lower than the estimate of 257 thousand. This marked the lowest weekly claims total since 1973. CPI matched expectations at 0.4%, but Core CPI came in at 0.1% shy of the estimate of 0.2%.  The Philly Fed Manufacturing Index dropped to 7.6 points, short of the forecast. On the housing front, Housing Starts remained unchanged at 1.23 million, above expectations.
    •EUR/USD posted small losses in the Asian session and has been flat in European trade. The pair broke through two support lines on Thursday, following sharp losses by EUR/USD
    •1.0505 is providing support
    •1.0616 is fluid and is currently a weak resistance line
    Further levels in both directions:
    •Below: 1.0506, 1.0414 and 1.0287
    •Above: 1.0616, 1.0708, 1.0821 and 1.0957
    •Current range: 1.0506 to 1.0616
    EUR/USD ratio has posted gains in short positions. Currently, short positions have a majority (67%), indicative of trader bias towards EUR/USD continuing to move to lower ground.

    Tuesday, November 15, 2016

    Canadian dollar is showing limited movement on Tuesday

    The Canadian dollar is showing limited movement on Tuesday, following an uneventful Monday session. In North American trade, USD/CAD is trading at 1.3530. On the release front, US Core Retail Sales and Retail Sales posted identical gains of 0.8 percent, as both indicators beat their estimates. The Empire State Manufacturing Index gained 1.5 points, beating the forecast of -1.5.  There are no Canadian indicators on Tuesday. On Wednesday, the US releases PPI, while Canada will publish Manufacturing Sales.•USD/CAD was flat in the Asian session and has recorded slight losses in European trade. The pair has posted slight gains early in the North American session
    •1.3457 continues to provide strong support
    •1.3551 was tested earlier in resistance and remains a weak line
    Further levels in both directions:
    •Below: 1.3457, 1.3371, 1.3253 and 1.3120
    •Above: 1.3551, 1.3648 and 1.3782
    •Current range: 1.3457 to 1.3551
    USD/CAD ratio is showing little movement in the Tuesday session. Currently, short positions command a strong majority (66%), indicative of trader bias towards USD/CAD continuing to move to lower ground.

    GBP/USD has posted considerable losses on Tuesday

    GBP/USD has posted considerable losses on Tuesday, continuing the downward movement which marked the Monday session. In North American trade, the pair is trading at the 1.24 line. On the release front, British CPI unexpectedly dropped to 0.9%, short of the forecast of 1.1%. As well, BoE Mark Carney testified about inflation and the economy before a parliamentary committee. In the US, Retail Sales and Core Retail Sales posted identical gains of 0.8 percent, as both indicators beat their estimates. The Empire State Manufacturing Index gained 1.5 points, beating the forecast of -1.5. On Wednesday, the UK will release three key employment indicators – Average Earnings Index, Claimant Change and the unemployment rate. The US will publish PPI.
    •GBP/USD was flat in the Asian session. The pair has posted considerable losses in the European and North American sessions
    •1.2351 has weakened in support following losses by GBP/USD
    •There is resistance at 1.2479
    Further levels in both directions:
    •Below: 1.2351, 1.2272 and 1.2120
    •Above: 1.2479, 1.2620 and 1.2778
    •Current range: 1.2351 to 1.2479
    GBP/USD ratio is showing slight movement towards long positions. Currently, long positions command a majority (62%), indicative of trader bias towards GBP/USD reversing directions and moving upwards.

    Monday, November 14, 2016

    Canadian dollar remains under pressure on Monday

    The Canadian dollar remains under pressure on Monday. In the North American session, USD/CAD is trading at the 1.3540. On the release front, it’s a very quiet start to the week, there are no Canadian or US events on the schedule.  On Tuesday, the US will release retail sales reports.•USD/CAD posted gains in the Asian session and has shown limited movement in European trade
    •1.3457 is providing strong support
    •1.3551 is a fluid line. Currently, it is a weak resistance line
    Further levels in both directions:
    •Below: 1.3457, 1.3371, 1.3253 and 1.3120
    •Above: 1.3551, 1.3648 and 1.3782
    •Current range: 1.3457 to 1.3551
    USD/CAD ratio has shown gains in long positions. Currently, short positions command a strong majority (64%), indicative of trader bias towards USD/CAD reversing directions and moving to lower ground.

    Friday, November 11, 2016

    The Canadian dollar remains under pressure on Friday

    The Canadian dollar remains under pressure on Friday, as USD/CAD continues to post gains this week. In the North American session, USD/CAD is trading at the 1.35 line. On the release front, there are no Canadian events on the schedule. In the US, today’s highlight is UoM Consumer Sentiment. The indicator is expected to edge lower to 87.4 points.•USD/CAD has been marked by choppy trading in the Asian session
    •1.3457 is providing support
    •There is resistance at 1.3551
    Further levels in both directions:
    •Below: 1.3457, 1.3371, 1.3253 and 1.3120
    •Above: 1.3551, 1.3648 and 1.3782
    •Current range: 1.3457 to 1.3551
    USD/CAD ratio is unchanged in the Friday session. Currently, short positions command a strong majority (68%), indicative of trader bias towards USD/CAD reversing directions and moving to lower ground.

    Thursday, November 10, 2016

    USD/CAD was flat in the Asian session.

    •USD/CAD was flat in the Asian session. The pair has posted gains in European trade
    •1.3457 remains busy. Currently, it is a weak support line
    •There is resistance at 1.3551
    Further levels in both directions:
    •Below: 1.3457, 1.3371, 1.3253 and 1.3120
    •Above: 1.3551, 1.3648 and 1.3782
    •Current range: 1.3457 to 1.3551
    USD/CAD ratio has shown slight movement towards long positions. Currently, short positions command a strong majority (67%), indicative of trader bias towards USD/CAD reversing directions and moving to lower ground.
    USD/CAD continues to post strong gains in the Thursday session, following the upward movement seen on Wednesday. In the North American session, USD/CAD is trading at 1.3480. On the release front, Canadian NHPI posted slight gains of 0.2%, matching the forecast. In the US, unemployment claims dropped to 257 thousand, marking a 4-week low. On Friday, the US will release UoM Consumer Sentiment. The indicator is expected to edge lower to 87.4 points.

    EUR/CHF chart

    Summary :
    Target Level : 1.073
    Target Period : 2 days

    Analysis :
    Rectangle has broken through the support line at 09-Nov-17:00 2016 GMT. Possible bearish price movement forecast for the next 2 days towards 1.0730.

    Supporting Indicators :
    Downward sloping Moving Average

    Resistance Levels :
    ( B ) 1.0832Last resistance turning point of Rectangle.

    Support Levels
    ( A ) 1.0752Last support turning point of Rectangle.


    Chart date range :
    25-Oct-08:00 GMT-> 10-Nov-09:00 GMT
    Data interval : 4 hour
    RSI:34 Candles
    MA:34 Candles

    Tuesday, November 8, 2016

    Review your asset allocation.


    The foundation of your retirement plan is your asset allocation strategy. This is the optimal mix of stocks, bonds, and cash for your portfolio.  The right mix for you depends on your specific goals, time horizon, and tolerance for risk.  Research shows more than 90% of your long-term investment returns are determined by your asset allocation. Right now is a critical time to review your asset allocation.  While your gut’s saying sell out of stocks entirely, your asset allocation might say to buy more.  Following a sound asset allocation strategy will bring discipline to your decision-making and better long-term returns. Diversify your investments and keep costs down.As the old saying goes, “don’t put all your eggs in one basket.”  Spread your investments across several different mutual funds.  Diversify by size of company through large-cap, mid-cap, and small-cap stock funds.  Get exposure to both growth and value investment styles.  And, don’t forget to include an international fund.Keep your costs down by selecting funds with lower expense ratios.

    Thursday, November 3, 2016

    TimingCube Trend Timing investment strategy


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    Wednesday, November 2, 2016

    Gold has posted strong gains in the Wednesday

    Gold has posted strong gains in the Wednesday session, continuing the gains which marked the Tuesday session. In North American trade, the metal is trading above the $1305.38, the first time it’s crossed above the $1300 level since October 4. On the release front, ADP Nonfarm Employment dropped to 147 thousand, well short of the estimate of 166 thousand. Later in the day, the Federal Reserve concludes its policy meeting and is expected to maintain the benchmark interest rate at 0.25 percent. On Thursday, the US releases unemployment claims and the ISM Non-manufacturing PMI.

    GBP/USD

    Summary :
    Target Level : 1.228
    Target Period : 2 days

    Analysis :
    Ascending Triangle identified at 02-Nov-00:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2280 within the next 2 days.

    Supporting Indicators :
    Upward sloping Moving Average

    Resistance Levels :
    ( B ) 1.228Last resistance turning point of Ascending Triangle.

    Support Levels
    ( A ) 1.2215Last support turning point of Ascending Triangle.



    Chart date range :
    19-Oct-16:00 GMT-> 02-Nov-08:00 GMT
    Data interval : 4 hour
    RSI:34 Candles
    MA:34 Candles

    Friday, October 28, 2016

    Brazil's economic activity remained poor in 3Q

    Brazil's economic activity remained poor in 3Q, with the industrial sector still a drag. Industrial activity in Sao Paulo, the country's largest and most-industrialized state , dropped 2.3% sequentially in 3Q, says state industrial federation FIESP. "The year will end worse for the industry than in 2015. Maybe the GDP does not fall as much as last year, but industry performance will be worse in 2016."

    Monday, October 24, 2016

    EUR/GBP

    Summary :
    Target Level : 0.9027
    Target Period : 2 days

    Analysis :
    Channel Down identified at 24-Oct-04:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.9027 within the next 2 days.

    Resistance Levels :
    ( B ) 0.9027Last resistance turning point of Channel Down.

    Support Levels
    ( A ) 0.8881Last support turning point of Channel Down.



    Chart date range :
    09-Oct-20:00 GMT-> 24-Oct-08:00 GMT
    Data interval : 4 hour
    RSI:34 Candles
    MA:34 Candles

    Monday, October 17, 2016

    EUR/USD

    Summary :
    Target Level : 1.1056
    Target Period : 2 days

    Analysis :
    Falling Wedge identified at 17-Oct-03:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1056 within the next 2 days.

    Supporting Indicators :
    RSI below 40

    Resistance Levels :
    ( B ) 1.1056Last resistance turning point of Falling Wedge.

    Support Levels
    ( A ) 1.0964Last support turning point of Falling Wedge.


    Chart date range :
    06-Oct-04:00 GMT-> 17-Oct-06:00 GMT
    Data interval : 1 hour
    RSI:34 Candles
    MA:34 Candles

    Friday, October 14, 2016

    GMT Many corporate clients EUR/GBP

    GMT Many corporate clients who export to the U.K. or those with production in the U.K. have so far chosen not to hedge their sterling exposure and are waiting instead to see if the pound turns higher, says an analyst at a Scandinavian bank. This is a risky strategy and could mean a scramble to hedge exposures once sterling breaks below key levels, such as below $1.20 in GBP/USD, the analyst says. "It is very risky because if sterling falls further they could fix at an even lower rate." GBP/USD trades at $1.2216, EUR/GBP at 0.9023

    GBP/USD has shown limited movement

    •GBP/USD has shown limited movement in the Thursday session
    •1.2120 is providing support
    •There is resistance at 1.2447
    Further levels in both directions:
    •Below: 1.2120, 1.1954 and 1.1844
    •Above: 1.2447, 1.2525 and 1.2612
    •Current range: 1.2120 to 1.2447
    GBP/USD ratio is unchanged on Friday, consistent with the lack of movement from GBP/USD. Currently, long positions have a solid majority (60%). This is indicative of trader bias towards GBP/USD breaking out and moving to higher ground.
    GBP/USD is unchanged in the Friday session, continuing the lack of activity seen on Thursday. Early in the North American session, the pair is trading at 1.2230. On the release front, the markets have plenty of US numbers to digest, as retail sales and inflation readings were strong. Retail Sales rebounded from a decline last month, posting a strong gain of 0.6%. and matching the forecast. Core Retail Sales improved to 0.3%, edging above the estimate of 0.2%. PPI climbed 0.3%, beating the estimate of 0.2%.  Later in the day, we’ll get a look at the UoM Consumer Sentiment report. The markets are expecting the indicator to climb to 92.1 points.

    Wednesday, October 12, 2016

    USD/JPY

    Summary :
    Target Level : 104.073
    Target Period : 3 days

    Analysis :
    Ascending Triangle identified at 12-Oct-01:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 104.0730 within the next 3 days.

    Resistance Levels :
    ( B ) 104.073Last resistance turning point of Ascending Triangle.

    Support Levels
    ( A ) 103.173Last support turning point of Ascending Triangle.



    Chart date range :
    28-Sep-04:00 GMT-> 12-Oct-06:00 GMT
    Data interval : 1 hour
    RSI:34 Candles
    MA:34 Candles

    Wednesday, October 5, 2016

    Oil rose towards $52 a barrel on Wednesday

    Oil rose towards $52 a barrel on Wednesday, hitting its highest since June, supported by an industry report that U.S. inventories probably fell for a fifth straight week and OPEC’s deal to cut supply.
    The American Petroleum Institute (API) said on Tuesday that U.S. crude inventories dropped 7.6 million barrels, which would be the fifth straight weekly decline if confirmed by U.S. Energy Information Administration (EIA) data on Wednesday.
    Brent crude was trading at $51.83 a barrel, up 96 cents, at 1204 GMT. The global benchmark touched $51.87 during the session, its highest since June 10. U.S. crude CLc1 was up 91 cents at $49.60.

    Monday, October 3, 2016

    Global oil prices steadied on Monday

    Global oil prices steadied on Monday as market players weighed last week’s news of a planned OPEC production cut with doubts over its implementation and effectiveness at wiping out a crude supply overhang.
    December Brent crude futures remained above $50 a barrel in European trading but by 1400 GMT were flat on the day at $50.19 a barrel, after erasing earlier slight gains. U.S. crude futures were $48.23 a barrel, a cent lower.


    Europe and Asia’s largest markets, Germany and China, were both shut for public holidays on Monday, limiting trade.
    The Organization of the Petroleum Exporting Countries said last week it would cut output to between 32.5 million barrels per day (bpd) and 33.0 million bpd from about 33.5 million bpd, with details to be finalised at its policy meeting in November.
    Brent crude oil prices, most sensitive to any OPEC deal, have climbed more than 8 percent since the planned cuts were announced on Wednesday despite scepticism over the effectiveness of the deal in eroding the global surplus.
    “Naysayers will undoubtedly fade the headline (of the output cut) and deem the agreement typical OPEC noise, yet at a minimum it means that OPEC has bought themselves a price floor for at least the next two months heading into the November meeting,” analysts at RBC Capital Markets said in a note.

    Thursday, September 29, 2016

    GBP/USD continues to have a quiet week

    GBP/USD continues to have a quiet week, as the pair trades at the 1.30 line in Thursday’s North American session. On the release front, it’s a data-heavy day. British Net Lending to Individuals improved to GBP 4.5 billion, beating the estimate of GBP 4.0 billion. In the US, Final GDP gained 1.4%, edging above the forecast of 1.3%. Unemployment Claims edged up to 254 thousand, beating the forecast of 260 thousand. Later in the day, the US releases Pending Home Sales. On Friday, the UK releases Current Account and Final GDP. The US will publish the UoM Consumer Sentiment report.
    •GBP/USD posted small losses in the Asian session. The pair was choppy in European trade and has posted slight losses in the North American session
    •1.2899 is providing strong support
    •1.3033 is a weak resistance line. It could see further action in the North American session
    Further levels in both directions:
    •Below: 1.2899, 1.2778 and 1.2612
    •Above: 1.3033, 1.3142, 1.3219 and 1.3327
    •Current range: 1.2899 to 1.3033
    GBP/USD ratio is unchanged in the Thursday session. Currently, long positions have a strong majority (72%). This is indicative of trader bias towards GBP/USD reversing directions and moving to higher ground.

    Wednesday, September 28, 2016

    Canadian dollar continues to struggle

    The Canadian dollar continues to struggle, as USD/CAD remains above the 1.32 level. USD/CAD touched 1.3275 on Tuesday, as the Canadian dollar slumped to its lowest level since March. The slide started after weak Canadian consumer indicators on Friday. Core Retail Sales was the biggest disappointment, as the market forecast of +0.5% was dashed by a weak reading of -0.1%. Core CPI remained stagnant at 0.0% for a third straight month, underscoring persistent low inflation levels. The BoC has stated its concerns about weak inflation, and these soft releases will add pressure on the bank to consider reducing interest rates at its October policy meeting. The Canadian dollar is sensitive to oil price movement, and with OPEC members holding an informal meeting on Wednesday in Algiers, we could see some volatility from crude which could affect the movement of USD/CAD.

    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.

    USD/JPY Chart

    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

    EUR/USD Chart

    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.

    Tuesday, September 13, 2016

    USD/JPY has bounced back with gains on Tuesday

    USD/JPY has bounced back with gains on Tuesday, following losses on the Monday session. Currently, the pair is trading at 102.30. On the release front, Japanese BSI Manufacturing Index improved to 2.9 points, crushing the estimate of -6.5 points. It’s another quiet day in the US, with no major releases on the schedule.
    Japanese manufacturing indicators continue to impress this week. On Monday, BSI Manufacturing Index broke a nasty streak of two sharp declines. This reading comes on the heels of Core Machinery Orders, which jumped 4.9%, well above expectations. Preliminary Machine Tool Orders declined 8.4%, but this was markedly better than the previous reading of -19.6%. The Bank of Japan will release a monetary statement next Wednesday, just a day before the Fed releases its statement. The bank cut rates into negative territory earlier in the year, but has had little success in coaxing inflation to higher levels. Will the BoJ adopt further easing measures? If the bank does take action, deeper rate cuts or expanding the asset-purchase scheme (or some combination) are the most likely routes. In addition to its standard rate announcement, the BoJ has said it will also conduct a “comprehensive review” of its policy at the September meeting. What this entails is not clear, as the BoJ has not conducted such a review in the past.
  • USD/JPY posted slight losses in the Asian session and then recovered. The pair continues to post gains in European trade
  • 102.36 is under strong pressure in resistance and could break during the Tuesday session
  • 101.20 continues to provide strong support
  • Current range: 101.20 to 102.36
  • Further levels in both directions:
    • Below: 101.20, 100.55, 99.71 and 98.95
    •  Above: 102.36, 103.73, 104.99 and 106.3

    USD/JPY ratio is unchanged on Tuesday. Currently, long positions have a substantial majority (66%), indicative of trader bias towards USD/JPY continuing to move higher.