This is a brief look at some support and resistances on the dow - ( I am not paying any attention to fundamentals or earnings recently - ( nike beat earning broke away and fell again i think the same principles apply) - i will look into fundamentals at a later point and add it in
BA , Has had a very good run since 08, so there is very little volume at the higher...
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 372.00
• Take Profit Level: 380.00 (800 pips)
If the price...
While the consensus is very much that the MPC will keep rates unchanged at Thursday's meeting, there is a risk that some of the more hawkish members will point to the rise in earning's growth, which although still in negative territory in real terms, is now moving in the right direction. If inflation starts to flatten out as the exchange rate effects pass...
The oil market continues to master successively new peaks, rising on Monday to the highest level since July 2015 . Oversupply is steadily declining while Saudi Arabia's readiness for changes looks even more reliable against the backdrop of anti-corruption detentions in the higher echelons of power in the kingdom.
Prince Mohammed Bin Salman made a...
The dollar took aggressive stance on Wednesday as investors await bullish comments from the Fed and White House while troubled New Zealand Dollar was rescued by a strong labor market report.
The basket of major currencies fell against the greenback, however last week's high at 95.00 seems to have to be conquered again.
The Fed's November meeting is of...
Weak August for the Chinese economy jolted stock markets pointing to addiction of economic growth to credit stimulus. High real estate prices kept high rates of investment in the sector, while industry and retail sales and fixed investment undershoot.
Meeting of the Bank of England
As noted in the previous analytical note, the growing gap between...
Set to take risk
The reassessment of possible damage from Hurricane Irma in a positive direction and the project signed by Trump on providing aid to the victims extended the period of optimism in the US stock exchanges.
The S & P 500 index seems to have fallen into dependence on any positive news, updating records. The dollar remains in limbo, sellers made a...
Eyes are on Boeing at the moment, following President-Elect Trump's remarks on the possible future of Air Force One.
It is worth noting that Boeing is already looking overstretched at current levels - momentum studies are overbought and prices are now trading in the historic distribution top from 2015-2016 - and risk/reward is turning lower.
Draghi: Our Measures Are Working, Creating Jobs
Draghi: Our Measures Ensure Recovery that Will Ultimately Benefit German Savers, Pensioners
Draghi: We Take German Concerns Seriously
Draghi: Economic Policies are Essential to Complement our Monetary Policy
Draghi: Price Stability Doesn't Mean Inflation of 0%
Draghi: We Need to Act When Inflation Is...
-ECB'S DRAGHI SAYS OVERBANKING A FACTOR IN LOW LEVEL OF BANK PROFITABILITY
-ECB'S DRAGHI SAYS OVERCAPACITY MEANS SECTOR IS NOT EFFICIENT
-ECB'S DRAGHI SAYS LIFE INSURERS FACE WEAK PROFITABILITY UNLESS THEY REFORM BUSINESS MODELS
-ECB'S DRAGHI SAYS MARGIN AND HAIRCUT REQUIREMENTS COULD IMPROVE FINANCIAL STABILITY
BOE'S FORBES: NOT YET...
ECB ECONOMIC BULLETIN:
-Economic Recovery In The Euro Area Is Continuing
-Moderate Global Growth Continued In The First Half Of 2016
-Governing Council Expects The Economic Recovery To Proceed At A Moderate But Steady Pace
-Annual Real GDP Expected To Increase By 1.7% In 2016, By 1.6% In 2017 And By 1.6% In 2018
-Annual HICP Inflation Seen At 0.2% In 2016, 1.2%...
RBNZ not adding much new in their September statement, and imo, Gov Wheelers speech highlighting the issues with trying to control a ccy with the cash rate makes the persistent worries regarding kiwi/ nzd strength less of a dovish factor than it may appear. Nonetheless, the statement on the margin was neutral, with perhaps the pressure for a lower kiwi and...
1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) GBPNZD has a cumulative probability of a =>6th day lower at 0.99%, hence there is a implied 99% chance of reversal on the daily.
2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1.5SD - with 1m heavily over sold at -2SD.
3. Fundamentally Sterling looks a little...