Pound Sterling Declines As Forty Tory MPs Say No To May
The UK pound declined on Monday following a report that forty Tory MPs are planning to sign a letter of no confidence in Prime Minister Theresa May. The report increased the uncertainty surrounding ongoing Brexit talks as European Union representatives are already threatening to block trade talks until the U.K agrees to pay the Brexit divorce […]
EUR/USD Daily Analysis – Monday, November 13
EUR/USD continued its sideways movement in a trading range between 1.1554 and 1.1690, and is now facing 1.1690 resistance. As long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.1879 and another fall could be expected after the consolidation. Near term support is at […]
Week Ahead Data And Policy
There seems to be a broad consensus on the trajectory of policy in the remaining weeks of the year. Barring a major shock or surprise the Federal Reserve will hike rates next month. The ECB’s course is set until at least the middle of next year when the current policy will begin to be debated in […]
EUR/USD Tests Fibonacci Resistance Levels Of Wave-4 Pattern
EUR/USD 4 hour EUR/USD is in a wave 4 (blue) bullish retracement within a larger downtrend and therefore the Fibonacci levels of wave 4 (blue) could act as resistance. A break below the support trend line (blue) could indicate a potential bearish breakout within wave 5 (blue) of wave C (purple). 1 hour The EUR/USD […]
Euro Proving Resilient, May Continue To Ignore Economic Calendar
Fundamental Forecast for EUR/USD: Neutral – The Euro was among the top performers last week, as a lack of negativity surrounding the single currency gave it ample room to recover versus others dealing with simmering issues (Brexit, US tax reform). – Positioning data for the week ending November 7 was not released last Friday; will be released on […]
Russia Stock Market Forecast For 2018
Very often, when the abbreviation BRIC is used referring to the potential of emerging markets, Russia seems to be left out when compared to China and India. Hence, in this article, we will focus on its major stock market index: the MICEX. Based on chart analysis of the MICEX we will derive a Russia stock market […]
Adding Some Contrarianism To The Momentum Strategy
A scholar in Moscow, at National Research University Higher School of Economics, has proposed a trading strategy that combines ‘momentum’ and “contrarian’ strategies in a way that, this scholar believes, could reap the upsides of both. The scholar, Victoria Dobrynskaya, assistant professor of finance, says that momentum strategies do produce alpha, or as she puts it produces […]
The New Xoma – A Modified Risk Way Of Investing In The Genetic Era
You may have heard that this year’s Nobel Prize in Physiology or Medicine went to Jeffery Hall, Michael Rosbash, and Michael Young for their work in unraveling the workings of our body’s daily clock – the circadian rhythm. You may not think too much about partying all night or getting up at 2 am for […]
Stocks To Trade: TPH EMR F
Take a look at three trading ideas to prep you for the next trading session. Long Tri Pointe Homes (TPH) Long Emerson Electric (EMR) Short Ford Motor (F)
GBP: Resilient Despite Bad News On All Fronts
Talking Points: The British Pound has held its ground in recent days even though there has been no Brexit breakthrough and PM May’s grip on power seems increasingly tenuous. That suggests a lack of interest in selling the currency and if the bad news is now in the price it could even rally. Much will […]
