GBP/USD Signals Update Last Thursday’s signals were not triggered as there was no bullish price action at 1.5464. Today’s GBP/USD Signals Risk 0.75% per trade. Trades may only be entered before 5pm London time today. Short Trade 1 Go short following a bearish price action reversal on the H1 time frame immediately upon the next entry…
Japan reported a smaller than expected June current account surplus. Seasonally, June tends experience deterioration from May. In fact, only twice in the past ten years has the current account improved in June over May. On the other hand, investors can look forward to improvement in July. Since 2003 without fail, Japan’s current account position…
MannKind (MNKD) shares surged as much as 9% in early trading Monday after the company reported its fiscal second quarter results. The biopharmaceutical firm posted a net loss of $28.9 million or 7 cents per share, better than the Wall Street consensus of 8 cents a share in Q2 losses. MannKind had incurred a loss of $73.4 million or…
Sterling bulls were waiting for a rather hawkish tone by British policymakers on Super Thursday to capitalise on their open positions, but their expectations fell short as the GBP/USD failed to show gains. Data released on Thursday from the Bank of England (BOE) swiftly got absorbed by the sterling and in a few words revealed…
There have been quite a few stories in the investing space lately. We’ve talked about the Greek debt crisis, Chinese market crash, Iranian nuclear deal and more. However, one of the biggest stories has been on the back burner; Federal Reserve interest rates. However, interest rates are something that we should definitely be talking about as they…
Click on picture to enlarge Recently the Russell 2000 hit its Fibonacci 261% extension level based upon the weekly 2010 lows and 2011 highs. The index hit the 261% level and has backed off some since. Russell 2000 starts off the week testing a rising support line and its 200EMA at the same time. At…
The Wall Street Journal put it succinctly: “Wall Street is preparing for panic on Main Street.” Or, more accurately, panic among retail investors. You may recall how money managers like John Paulson made a reputation betting against sub-prime mortgages. This time around, some hedge funds think they’ve found a weakness in high-yield bond mutual funds…
And the catalyst was… crap China data means moar stimulus (except pork prices are soaring), oil rumors (denied), JPY (stalled), Fischer (same old), and Lockhart… or maybe it’s just your standard Monday morning stop run… Nasdaq (blue) just surged up to the Thursday cash market open – with the S&P closely following… As VIX is…
So Friday’s post was on the mark. Great, the bounce is here. But what are we left with? Why, a Symmetrical Triangle that is forming on the S&P 500. These are normally thought to be continuation patterns, which would break the market higher. But in reality, they end up going the other way a good amount of…
Last week saw the American major markets slip whilst the rest of the pack gained ground. In Europe over the course of the week, the FTSE was up by 0.33%, it closed at 6718.5; the Dax (DAX) ended at 11491, up by 1.6% on last week’s close; the CAC was up by 1.4% to end…
