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  • Finance 0

    EUR/USD: Maintains Downside Pressure But With Caution

    EURUSD: With EUR/USD weakening for a third week in a row, more downside pressure is envisaged. Support lies at the 1.1150 level. Further down, support comes in at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will target the 1.1000 level. Conversely, on the upside, resistance comes in at 1.1250 level with a cut through here opening the door for more upside towards the 1.1300 level. Further up, resistance lies at the 1.1350 level where a break will expose the 1.1400 level. All in all, EUR/USD remains biased to the downside on further weakness but could see a recovery higher in the new week....
    On May 22, 2016 / By
  • Finance 0

    Forex Ranking, Rating And Score: Week 21

    Welcome to my “Ranking, Rating and Score” article for the coming week. When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: JPY(3X) with the USD(3X). The weaker currencies are the AUD(5X) followed by the CHF(3X) and the CAD(2X). A nice combination for the coming week may be: AUD/USD with the CAD/JPY AUD/JPY with the USD/CAD AUD/JPY with the USD/CHF USD/CAD with the CHF/JPY These are just a few examples and many other combinations are possible. The mentioned pair combinations can be traded at the same time a...
    On May 22, 2016 / By
  • Finance 0

    Manufacturing Forecast 2016-2017

    Manufacturing is weak in the United States, with a so-so outlook for the next few years. Some sectors will certainly grow, and the best-run companies in lagging sectors can usually do well. The overall picture, though, is not pretty. Causes of the weakness are the strong dollar, weak capital spending, and oil drilling’s decline. Export markets have fallen precipitously in the last year and half as the dollar has risen on foreign exchange markets. The Greenback is up 16 percent over the past two years, and that’s with three months of softening. With the dollar more expensive, foreign buyers are choking on U.S. price tags. The manufacturin...
    On May 22, 2016 / By
  • Finance 0

    Pulling The Band-Aid Off Slowly

    Federal Reserve monetary policy once again came to the forefront as the Fed released its April minutes last week. After living through years of a ZIRP (Zero Interest Rate Policy) coupled with QE (Quantitative Easing), many market participants and commentators are begging for a swifter move back to “normalization” (a Federal Funds Rate target set closer to historical averages). The economic wounds from the financial crisis may be healing, as seen in the improving employment data, but rather than ripping off the interest rate Band-Aid quickly and putting the pain behind investors, the dovish Fed Chair Janet Yellen has been signaling for mon...
    On May 22, 2016 / By
  • Finance 0

    Economic Events Of The Coming Week – 5/23/2016

    Monday: April Trade Balance data will see light in Japan. Preliminary Nikkei Purchasing Managers’ Index data for May will also see light, as well as March All Industry Activity Index data. Preliminary Markit Purchasing Manufactures Indices will also be released throughout Europe, most of which have analysts optimistic on European Industry. In Russia, April’s Unemployment rate data will see light, as will April’s Retail Sales figures. In the U.S., the preliminary Markit PMI will be released, as will the month’s advance Consumer Confidence data. Tuesday: The final estimate for Gross Domestic Product in the first quarter will be releas...
    On May 22, 2016 / By
  • Finance 0

    Cisco Systems Stock Gains On Earnings – How To React

    Cisco Systems (CSCO) had an incredible time in the market toward the end of last week, and for good reason. The company recently reported its earnings for the third fiscal quarter of 2016, beating analyst expectations. What’s more is that the company also released incredibly strong guidance. Today, we’ll talk about what we saw from the report, how the market reacted to the news, what we can expect to see from Cisco Systems moving forward, and how binary options traders can take advantage of the trends. Cisco Systems Reports Strong Quarterly Results As mentioned above, Cisco Systems recently reported its quarterly results for the ...
    On May 22, 2016 / By
  • Finance 0

    Quick Guide To DFA International Small Company Portfolio Institutional Class Fund

    DFA International Small Company Portfolio Institutional Class Fund (DFISX –MF report) a Zacks Ranked #1 (Strong Buy) was created  in September 1996 and is managed by Dimensional Fund Advisors Inc. DFISX seeks to achieve long-term capital appreciation. DFISX pursues its objective by investing in the small companies of Europe (20-45%), Japan (20-45%), Pacific Rim (0-25%), and United Kingdom (5-25%). This Non US – Equity product, as of the last filing, allocates their fund in four major groups; Foreign Stock, Foreign Bond, High Yield Bond and Precious Metal. DFA International Small Company Portfolio Institutional Class, is managed...
    On May 22, 2016 / By
  • Finance 0

    Bank Of Japan Said To Start Preparing For Losses On Its “Huge” Debt Holdings Once QE Ends

    While it most likely is just the usual Friday (past) midnight trial balloon by the Nikkei, a media outlet that has promptly become the BOJ’s mouthpiece (recall a week ago the new owner of the FT reported that Abe would delay his 2017 sales tax increase, only to see the premier backpedal when the reaction in the USDJPY was not quite as desired), the Japanese publication reported that the Bank of Japan will “likely set aside funds for the first time to prepare for losses on its huge holdings of Japanese government bonds should the central bank end its monetary easing policy in the future.” Nikkei reports that the BOJ has rese...
    On May 22, 2016 / By
  • Finance 0

    Steeling For A Trade War?

    China has become the second largest economy in the world, trading (and indeed out-trading) with the big boys of capitalism, but it remains a single party communist state where, traditionally at any rate, capitalists are the enemy in a class war. With this schism deep in the Chinese make-up, it is perhaps easier to see why China doesn’t always feel compelled to abide by the rules of the game. America has fought shy of calling Beijing a currency manipulator as this would trigger a mandated response in the US which may only serve to make matters worse, but anybody that follows the fate of the Yuan and Dollar for any length of time can readily ...
    On May 22, 2016 / By
  • Finance 0

    Hawkish Fed Halts Stock Recovery

    ? Fed puts June rate hike on the table leading to selloff in equity ? EUR/USD hits two month low at 1.1180 on hawkish Fed ? S&P 500 visits two-month low, though later recovering for a weekly gain ? Oil prices continue to climb, to USD 47.67 per barrel In spite of starting the week on the right foot, markets momentum was lost on Wednesday as the FOMC’s minutes from April’s rate announcement revealed that the Fed is more hawkish than speculated. Among other things, the minutes stated that most Federal Open Market Committee members were in the opinion that further growth in the second quarter, a strengthening of the labor market and infl...
    On May 22, 2016 / By