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.

    Monday, September 12, 2016

    USD/JPY Chart

    Summary :
    Target Level : 102.3007
    Target Period : 20 hours

    Analysis :
    Channel Up has broken through the support line at 11-Sep-23:00 2016 GMT. Possible bearish price movement forecast for the next 20 hours towards 102.3007.

    Resistance Levels :
    ( B ) 103.0555Last resistance turning point of Channel Up.

    Support Levels
    ( A ) 102.019Last support turning point of Channel Up.



    Chart date range :
    05-Sep-17:00 GMT-> 12-Sep-06:00 GMT
    Data interval : 1 hour
    RSI:34 Candles
    MA:34 Candles

    Friday, September 9, 2016

    EUR/USD is still bearish

     Despite the ECB's latest monetary policy stance, strategists at BNP Paribas say the outlook for EUR/USD is still bearish towards its target of $1.08 by the end of the year. The bank says in a note that it views the ECB's decision as a postponement rather than a rejection of further easing, with new announcements likely in December. Overall, disappointment at the lack of an ECB policy adjustment has only been worth about 2 basis points on the EUR 2 year swap rate, it notes.

    Thursday, September 8, 2016

    GBP/USD is showing limited movement on Thursday

    GBP/USD is showing limited movement on Thursday. Early in the North American session, the pair is trading at 1.3330. On the release front, it’s a quiet day. US unemployment claims dropped to 259 thousand, beating the estimate of 264 thousand. This reading marked the lowest level for jobless claims in seven weeks. There are no British released on the schedule. On Friday, the UK will release Goods Trade Balance.
    •GBP/USD has shown limited movement in the Asian session. The pair has shown movement in European trade but is unchanged
    •1.3327 was tested in support earlier and is under pressure
    •1.3480 is a strong resistance line
    Further levels in both directions:
    •Below: 1.3327, 1.3219, 1.3142 and 1.3033
    •Above: 1.3480, 1.3667 and 1.3835
    •Current range: 1.3327 to 1.3480
    GBP/USD ratio has shown movement towards long positions. Currently, short positions have a small majority (52%), indicative of slight trader bias towards GBP/USD reversing directions and losing ground.

    AUD/USD has ticked higher on Thursday

    AUD/USD has ticked higher on Thursday. In the North American session, the pair is trading at 0.7670. Earlier in the day, AUD/USD climbed to 0.7732, its highest level since August 15. On the release front, Australian Trade Balance narrowed to A$2.41 billion, better than the forecast of A$2.61 billion. Later in the day, Australia releases Home Loans. In the US, unemployment claims dropped to 259 thousand, beating the estimate of 264 thousand. This reading marked the lowest level for jobless claims in seven weeks.
    •AUD/USD was flat in the Asian session. The pair recorded considerable gains in European trade but has reversed directions and has posted small losses in the North American session
    •0.7560 is providing strong support
    •0.7701 was tested in resistance earlier and could break in the North American session
    •Current range: 0.7560 to 0.7701
    Further levels in both directions:
    •Below: 0.7560, 0.7440, 0.7339 and 0.7200
    •Above: 0.7701, 0.7835 and 0.793
    AUD/USD ratio is showing movement towards short positions. Currently, short positions have a majority (54%), indicative of trader bias towards AUD/USD reversing directions and moving lower.

    Tuesday, September 6, 2016

    USD/JPY ratio is unchanged on Tuesday.

    S3 S2 S1 R1 R2 R3
    99.71 101.20 102.36 103.73 104.99 106.38
    •USD/JPY was choppy in the Asian session and has posted slight losses in European trade
    •102.36 is providing strong support
    •103.73 was tested in resistance earlier in the Tuesday session
    •Current range: 102.36 to 103.73
    Further levels in both directions:
    •Below: 102.36, 101.20, 99.71 and 98.95
    • Above: 103.73, 104.99 and 106.3
    USD/JPY ratio is unchanged on Tuesday. Currently, long positions have a majority (59%), indicative of trader bias towards USD/JPY reversing directions and moving to higher ground.
    USD/JPY is showing little movement on Tuesday, as USD/JPY is trading at 103.30. On the release front, today’s key event is US ISM Non-Manufacturing PMI. The indicator is expected to remain steady, with an estimate of 55.4 points. There are no Japanese releases on Tuesday. Japan will release Final GDP on Wednesday. The economy is expected to show no growth in the second quarter, with an estimate of 0.0%.

    Monday, September 5, 2016

    EUR/JPY

    Summary :
    Target Level : 113.857
    Target Period : 2 days

    Analysis :
    Channel Up identified at 03-Sep-00:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 113.8570 within the next 2 days.

    Resistance Levels :
    ( B ) 116.367Last resistance turning point of Channel Up.

    Support Levels
    ( A ) 113.857Last support turning point of Channel Up.



    Chart date range :
    18-Aug-16:00 GMT-> 05-Sep-08:00 GMT
    Data interval : 4 hour
    RSI:34 Candles
    MA:34 Candles