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EUR/USD Forex Signal For February 11, 2016
EUR/USD Signal Update Yesterday’s signals were not triggered as the bullish price action occurred below 1.1213. Today’s EUR/USD Signals Risk 0.75% Trades must be entered before 5pm London time today. Long Trade 1 * Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1162. * 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. * Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run. Short Trade 1 * Short entry following a bearish price acti... -
Finance 0
FTSE 100: More Pain Ahead As Long As It Trades Below 5717
The FTSE 100 (FXCM: UK100) is lower by 1.69% at the time of writing. All sectors are lower with the exception of Basic Materials which is up by 0.51%. The biggest loser is Technology (-4.20%), followed by the Financial sector (-2.88%). Technical Outlook The FTSE 100 is short term oversold as the index trades below today’s support 2 (S2) level of the Pivot Point indicator. This may trigger profit taking, lifting the index to the latest breakdown level of 5590. This is also the January 2016 low. If price indeed reaches the breakdown level, I suspect traders will use this to unload losing long positions, while trend followers will use the bo... -
Finance 0
Gold Climbs To 8-1/2-Month High After Yellen Testimony
Gold prices hit their highest level since May 22 during today’s Asian session as investors scaled back expectations for more U.S. rate increases after Federal Reserve Chair Janet Yellen stressed that the policy was not on a pre-set course and they would respond appropriately to developments in international conditions and their impact on the economy. The XAU/USD pair initially headed back towards the 1179 level yesterday but found enough support to reverse the course and eventually closed above the 1193 level. As anticipated, breaking up above the 1200 level pushed prices higher and consequently the market was able to test the crucial r... -
Finance 0
JetBlue Announces Launch Of JetBlue Technology Ventures
JetBlue announced the launch of JetBlue Technology Ventures, a wholly owned subsidiary that will invest in, incubate and partner with early stage startups at the intersection of technology, travel and hospitality. As the first corporate venture capital subsidiary in Silicon Valley backed by a U.S. airline, JetBlue Technology Ventures will operate from the GSVlabs campus in the heart of Silicon Valley. By partnering with incubators, venture capital firms, universities and other organizations inside and outside Silicon Valley, JetBlue Technology Ventures will build relationships with a range of startups across the travel and hospitality spectru... -
Finance 0
Markets Around The World Are Crashing; Gold Soars
Yesterday morning, when musing on the day’s key event namely Yellen’s congressional testimony, we dismissed the most recent bout of European bank euphoria which we said “will be brief if not validated by concrete actions, because while central banks have the luxury of jawboning, commercial banks are actually burning through funds – rapidly at that – and don’t have the luxury of hoping for the best while doing nothing.” This morning DB has wiped out all of yesterday’s gain. As for Yellen’s testimony, we said that “she can send stocks reeling with one word out of place” – ... -
Finance 0
Price Target Update: Square Inc.
For most of the past 15-20 years, the market has been flush with cash, and many stocks have traded at astronomical heights without real businesses to support them. In this exuberant market, fundamentals mattered little while momentum and technical rule the day. However, as excess liquidity dries up and global economic concerns weigh on the minds of investors, the reconciliation between cash flows and valuations has arrived. Now, fundamentals matter…a lot. Over the long term, it only makes sense to deploy capital into those businesses that actually generate adequate returns on invested capital (ROIC). Due to change in market mentality, and... -
Finance 0
The Industrial Recession Is Narrow, Meaning No General Recession
Industrial production is down, according to the Federal Reserve’s latest statistics, but don’t conclude that the country as a whole is in recession. Unlike recessionary downturns, the current slide is concentrated in just a few sectors, many related to the energy industry. A recession by definition is a widespread downturn in economic activity; what we have now is a narrow but steep downturn. The actual decline in overall industrial production is less than we saw in past recessions—but just a little less. (Reminder: The U.S. had recessions in 1974, 1980, 1982, 1990, 2001 and 2008.) Josh Lehner calculated the number of sectors decli... -
Finance 0
Sovereign Wealth Funds Draining Market Liquidity
Most financial market observers point to liquidity from central banks as a prime reason stock markets have gone up so much in recent years. True enough… But there’s another huge source of global liquidity that also pushed up markets worldwide. It’s one that’s now reversed, and is draining liquidity from the global markets. That source? Sovereign wealth funds (SWFs). Let me explain… Sovereign Wealth Funds, Oil, and Markets The total assets of sovereign wealth funds, as of last March, were estimated at $7.3 trillion by the International Monetary Fund. That figure has doubled just since 2007. The IMF adds that at least $4.2 trillion ... -
Finance 0
E Top Small Cap Stocks To Buy – February 11, 2016
· The strongest small cap sectors are utilities and consumer goods. · The best small cap industry is gold. The average small cap score is 43.96 and that’s below the four week average score of 46.24. The average small cap stock in our universe is trading -42.91% below its 52 week high, -15.3% below its 200 dma, and has 6.33 days to cover held short. Utilities, consumer, and technology stocks score highest across small cap. Financials and services score in line. Basics, healthcare, and industrial goods score below average. The strongest small cap industry is gold (DRD, NG, GSS). Semi ICs, business software (CSG... -
Finance 0
“Bloodbath” In Black Gold – Buffett’s Phillips 66 Dumps Oil In Cushing, Crashes Crude Spreads To 5 Year Lows
The canary in the coalmine of an increasingly desperate energy industry just croaked. With “unusual timing” and at “distressed prices,” Reuters reports that Phillips 66 (PSX) – the major US refiner owned by Warren Buffett – dumped crude oil for immediate delivery into Cushing storage. This sparked heavy selling of the front-month WTI contract (to a $26 handle) and crashed the 1st-2nd month spread to 5 year lows. It was just last week when we said that Cushing may be about to overflow in the face of an acute crude oil supply glut. And now with Reuters reportson major US refiners dumping crude, sparki...
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