Daily Briefing – Manchester United Shares hit 8 month high after Moyes sacking.

Daily Briefing – Manchester United Shares hit 8 month high after Moyes sacking.

  Currencies EUR/USD: The pair is currently trading above the support level of 1.3785 on a 30 minute time frame, having rebounded off this level 3 times in the past few days. The next resistance level is 1.3835 with the major level to the upside being 1.3865. Downside support @ 1.377. USD/JPY: The pair is […]

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I Flip You Over – Wall Street Confetti

I Flip You Over – Wall Street Confetti

I’m deep in hiding now – as the “clowns of New York” seek to rally the resources necessary to silence me. Newsletter writers and financial bloggers abound -”down in flames and outright pissed” as the “crystal coconut of Kong” continues to show the way. A passing of the torch if you will. A “changing of the […] Continue reading

Your Broker Selling You Shares – You Still Buying?

Your Broker Selling You Shares – You Still Buying?

While the SP 500 “pass the bag to the innocent bagholders” show continues, have a peak at this (borrowed) chart of what “institutional investors” have been doing all the while. You know “institutional investors” like your bank, your brokerage firm, your investment advisor – you know…..those guys you can really count on to let you […] Continue reading

Nikkei Reversed – China PMI Next

Nikkei Reversed – China PMI Next

What’s absolutely hilarious about this is that…. The “planetary growth engine” China has already posted 3 straight months of CONTRACTION, with the “flash manufacturing PMI” numbers set to be released later on this evening. The industry “expectation” is ALREADY at 48.4 ( Above 50 indicates expansion - while under 50 suggests contraction ) so……market analysts already […] Continue reading

Daily Briefing- US futures trading higher ahead of home sales data

Daily Briefing- US futures trading higher ahead of home sales data

Currencies EUR/USD: The pair is trading in support zone (1.3713-1.3781) on a 60 minute time frame. The next support is at 1.3688 and the next resistance is at 1.3901. USD/JPY: The pair is trading in an upward channel on a 60 minute time frame. The support is at 101.43 and resistance at 103.04. GBP/USD: The […]

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USD/JPY- trading in an upward channel

USD/JPY- trading in an upward channel

The USD/JPY is trading in an upward channel on a 60 minute time frame.  If the price breaks this upward channel, then the lower line of this channel will become the resistance for the pair. The price has pierced the Bollinger band which represents an increase in the volatility for the price. The piercing of […]

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European markets trading higher after a long break

European markets trading higher after a long break

Traders in Europe surely need to catch up with the bulls who are on the other side of the Atlantic. The US markets have ignored any geopolitical concerns so far, and the last week was the best week for them without any shadow of doubt, since July last year. But, the Europeans markets are still […]

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PinBar Anyone? – Nikkei Continues To Lead

PinBar Anyone? – Nikkei Continues To Lead

You may scoff. You….. there in your ivory basement suite. Wading through piles of overdue bills reaching for the phone – only to be greeted “once again” by your local collection agency. For a while there, you fancied yourself a “stock trader” and perhaps “financial blogger” too but…the dream has now faded, and the stark […] Continue reading

GBP/USD: Pound is going move on, not stopping at the achieved level

GBP/USD: Pound is going move on, not stopping at the achieved level

Forex analytics: Current trend                
As expected, quotes of the British currency had fallen to the bottom limit of the ascending channel and then started to go up again. At the end of last week, the pair did not demonstrate high volatility; quotes were affected by investor sentiments. A holiday in the banks of the UK and USA almost stopped movement in the pair, which traded near support … Continue reading