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  • Finance 0

    Short-term Trading Idea: GBP/CAD – Bull Speculation: Expected 1.92 Break

    Trading opportunities for currency pair: the GBP/CAD has an inverted cup with handle pattern forming on it. After a fall in the rate to 1.8855, a strengthening of the pound to 1.9640 is expected. Growth of the GBP/CAD will be stamped out by a break in the trend line. Background The last GBP/CAD idea I had came out on 8th February. When it was published, the pound was trading at around 2.0178 Canadian dollars. After two pinbars and a double bottom formed, a growth to 2.0325 and 2.0550 was expected. The idea didn’t come off. Even when Brent dropped to $29.89, the GBP/CAD rose only to 2.0289. Another 36 points remained ‘til the first targ...
    On May 23, 2016 / By
  • Finance 0

    Gold Fund Inflows Surge To Highest Of The Year

    With high-yield bond funds suffering the largest redemptions in their history, this week saw gold fund flows soar to their highest in 2016 as buyers took advantage of the lower prices following the same path as George Soros, Stan Druckenmiller, Jana Partners, and Canada’s financial giant CI Financial. Junk bonds saw the single-biggest daily redemptions in history this last week…   As investors appeared to seek safe haven in precious metals. Gold saw the biggest week for inflows this year with 1.879 m/oz worth $2,359 million dollars. Source: ShareLynx As SputnikNews reports, demand for gold rose by 21 percent in the first quar...
    On May 23, 2016 / By
  • Finance 0

    S&P 500 And Nasdaq 100 Forecast For May 23, 2016

    S&P 500 The S&P 500 rallied during the session on Friday as we broke above the top of the hammer from the Thursday trading session. Because of this, it looks as if the market is ready to continue going higher but we also have quite a bit of noise just above. I believe that it is only a matter of time before buyers enter the market on short-term pullbacks, so that’s how I prefer to trade this market in general. I believe that supportive candles on short-term time frames will be the best entry signals, and it’s not lost on me that the 100 day exponential moving average is sitting just below. Because of this, and the fact that we hav...
    On May 23, 2016 / By
  • Finance 0

    Looking For Trading Opportunities This Week?

    The Current State of the Markets There is never a dull moment in the investment arena, and this week is shaping up to be laden with opportunities to embrace and risks to avoid. On a macroeconomic level, the US dollar has turned the corner and is now showing plenty of bullish sentiment vis-à-vis the US Dollar Index. The dollar spot index was last trading at 95.334 as at Friday, 20 May 2016, and that represents a 0.05% uptick, or +0.047. While the year to date return for the US dollar index remains negative at -3.34%, this is the highest level for the index in over a month. This has far-reaching implications for dollar-denominated commodities ...
    On May 23, 2016 / By
  • Finance 0

    Short Note To Start The Week

    The capital markets are off to a mixed start to start the last week of the month. Asian shares were mostly higher, though the Nikkei shed 0.5%. European shares are also higher, extending the three-week high seen last week.  The US dollar is mixed. The yen is the strongest of the majors. The media continues to play up tension between the US and Japan at the weekend G7 meeting over the appropriateness of intervention, but Europe is not very sympathetic either. Today’s news makes it even more difficult. Japan reported its largest trade surplus in several years and nearly 30% higher than economists expected.   Below the surface, the det...
    On May 23, 2016 / By
  • Finance 0

    EUR/USD Forex Signal For May 23, 2016

    EUR/USD Signal Update Last Thursday’s signals expired without being triggered. Today’s EUR/USD Signals Risk 0.75% Trades must be taken from 8am to 5pm London time today only. Long Trades Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1173 or 1.1068. Put the stop loss 1 pip below the local swing low. Adjust the stop loss to break even once the trade is 20 pips in profit. Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run. Short Trades Short entry following a bearish price action reversal on the H1 tim...
    On May 23, 2016 / By
  • Finance 0

    Trade With Japan Collapses: Exports Decline 7th Month, Imports Decline 16th Month

    Abenomics is back in the spotlight tonight. Global trade with Japan has collapsed. Exports are down and imports are down even more. The result is an unexpected rise in Japan’s trade surplus, yet another failure of abenomics. Japanese Output Shrinks at Fastest Pace Since 2012 The Markit Japanese PMI shows Output falls at fastest rate in over two years, underpinned by a sharp drop in new orders. Flash Japan Manufacturing PMI™ at 47.6 (48.2 in April). Flash headline PMI signals sharpest decline in operating conditions since December 2012. Flash Japan Manufacturing Output Index at 46.9 (47.8 in April). Production decreases at most marked ...
    On May 23, 2016 / By
  • Finance 0

    Stock Markets Gain In Contrast With Hawkish Fed

    Asian stock markets mainly posted gains on Friday regardless of Fed’s hawkish comments for a tighter monetary policy. Many investors believe that the Federal Reserve (Fed) might keep interest rates unchanged during next month’s monetary policy meeting, while analysts also give less than one third probability of a rate hike. There has to be consideration as to whether U.S. policymakers are honestly paving the way towards an interest rate increase, or whether the hawkish comments made by the Federal Open Market Committee (FOMC) within Wednesday’s minutes was a charade. Although global economic conditions are not ideal and that it might be...
    On May 23, 2016 / By
  • Finance 0

    E Elliott Wave Analysis: Bears Still In Charge; 1.3300/1.3500 May Be Reached At Year’s End

    Cable has recovered strongly over the past three months, but based on structure and personality of a bounce we assume it can be a corrective move. We are looking at black wave IV which is now showing us first signs of a completed recovery after recent turn down from 1.4769. Notice that price is now trading beneath 1.4564 level as well which was a low of 2015 so it appears that it’s acting once again as resistance which is important for bearish look. Also, lets keep in mind that trend since July of 2015 is bearish so continuation lower in days and weeks ahead should not be a surprise. We think that market may reach 1.3300-1.3500 area by ...
    On May 23, 2016 / By
  • Finance 0

    Dollar Winning Streak Falters, Yen Moves Up

    After rebounding over the weekend, the U.S. dollar took a step backwards against most of its major counterparts Monday with traders factoring in the probability that the Federal Reserve will raise interest rates next month. Emerging-market stocks extended Friday’s rebound from a two-month low while the gains in the yen put pressure on Japanese shares. The yen was up from its month’s low, prompted by a U.S. refutation of Japan’s case for intervention to weaken the exchange rate and a report of its biggest trade surplus in six years. Japan and the U.S. were at loggerheads over the weekend when financial policy makers and government offici...
    On May 23, 2016 / By