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Apple Produced Stellar number, China shinning

It is difficult to pinpoint a certain stock when you read the headlines which says that record highs are made and only last week, the NASDAQ index crossed its tech bubble highs and made another record high. Now, there are questions if we are in a bubble again, and if the companies can produce same earnings as they have done in the past especially, that the dollar strength is so much in question. … [Read More...]

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European Markets higher ahead of German IFO

European markets are trading higher after a mix session yesterday. It was the economic data which dragged the markets lower, especially the dissatisfaction about the German data spooked investors. Traders are going to watch the German IFO number, due this morning and will draw their conclusion about the economy. As Germany is considered as the economic engine of the euro zone, any faults in the … [Read More...]

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Bitcoin mini showing bearish sings

The Bitcoin mini futures are trading above their upward trend line on a 30 minute time frame. The price has also formed a downward triangle pattern which reflects that the downward pressure is taking in control of the price however, price need to break out of this pattern and towards the downside before we can confirm the projection of this triangle. The price is also trading below the 50 day and … [Read More...]

Today’s Technical Analysis

Screen Shot 2015-04-26 at 20.39.47

Bitcoin mini showing bearish sings

The Bitcoin mini futures are trading above their upward trend line on a 30 minute time frame. The price has also formed a downward triangle pattern which reflects that the downward pressure is taking in control of the price however, price need to … [Read More...]

Tesco 22-04-2015

Tesco – Bad earning but stock up

Tesco's stock price is moving in a sideway pattern on a 60 minute frame. The price has bounced sharply from its lows of 156.36 and has been consolidating since the price has crossed the 229 level. The price is trading below the 50 day and 100 day … [Read More...]

GBPUSD 21-04-2015

GBP/USD- Broken its upward trend line

The GBP/USD pair has broken its upward trend line on a 30 minute time frame. Most of the trend within this time frame has been sideway but the recent downward swing has brought back the upward momentum in the stock which was stopped by the … [Read More...]

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USD/JPY/ Upward momentum continues

The USD/JPY is trading above its upward trend line on a 30 minute time frame. However, the price is trading above 100 day moving average which means that the bulls are still in control of the price but the price is also trading below the 50 day … [Read More...]

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EUR/USD- The uptrend move is becoming weak

The EUR/USD pair has broken its downward trend line on a 30 minute time frame. This confirms that the downward trend on this frame is no longer in play however, on a bigger time frame it may look a completely different situation. It is always … [Read More...]

Weekly Forecast

retail sales 12-05

Week Ahead: Fundamentals U.S – 24th – 30th of Nov.

U.S will kick off their trading week with a major economic event  release on Tuesday which is the Prelim GDP q/q data. On Wednesday, investors will look at the core durable goods orders and the unemployment claims data.  Also on Wednesday, the main focus of the week with the New Homes Sales data.

 

Tuesday Fundamentals:

1.      Prelim GDP q/q

Data:

Previous Figure: 3.5%

Forecast Figure: 3.3%

Time: 14:30 GMT

 

2.       CB Consumer Confidence

Data:

Previous Figure: 94.5

Forecast Figure: 95.9

Time: 16:00 GMT

Screen Shot 2014-11-24 at 11.54.08

Source: Bloomberg & Bloomberg Brief

Sentiment:

Most economists are predicting that the overall reading could have inflated due to the continuous fall in the oil prices which has increased the buying power for the consumers.

 

Wednesday Fundamentals:

1.       Core Durable Goods Orders m/m

Data:

Previous Figure: -0.1%%

Forecast Figure: 0.5%

Time: 14:30 GMT

 

2.     Unemployment Claims

Data:

Previous Figure: 291K

Forecast Figure: 287K

Time: 14:30 GMT

 

3.    New Home Sales

Data:

Previous Figure: 467K

Forecast Figure: 471K

Time: 16:00 GMT

Screen Shot 2014-11-24 at 12.01.20

Source: Bloomberg & Bloomberg Brief

Sentiment: 

We do not think that the New Home Sales improvement will show much of an improvement this week because the inventory data is still depressed.

 

core CPI  15-04-2014

Week Ahead: Fundamentals U.S – 14th – 21th of April.

 

U.S will kick off their trading week with a major economic event  release on Monday which is the core retail sales data. On Tuesday, investors will look at the core CPI and Empire State Manufacturing. Wednesday is the main focus day of the week with Building permits and housing starts. Thursday, will focus on unemployment claims and the Philly Fed manufacturing index will take traders attention.

 

Monday Fundamentals:

1.       Core Retail Sales m/m

Data:

Previous Figure: 0.3%

Forecast Figure: 0.5%

Time: 13:30 GMT

Tuesday Fundamentals:

1.       Core CPI m/m

Data:

Previous Figure: 0.1%

Forecast Figure: 0.1%

Time: 13:30 GMT

 

Sentiment:

Most economists are predicting that the overall reading could remain muted because the underlying factors rents are not increasing. The chart shows the comparison between the PPI, Core PPi, CPI and core CPI index.

core CPI  15-04-2014

Source: Bloomberg & Bloomberg Brief

 

2.       Empire State Manufacturing Index

Data:

Previous Figure: 5.6

Forecast Figure: 8.2

Time: 13:30 GMT

 

Sentiment:

The chart shows the comparison between the empire state index and the Philadelphia index.

empire state 15-04-2014

Source: Bloomberg & Bloomberg Brief

 

Wednesday Fundamentals:

1.       Building Permits

Data:

Previous Figure:1.01M

Forecast Figure:  1.00M

Time: 13:30 GMT

 

2.       Housing Starts

Data:

Previous Figure: 0.91M

Forecast Figure:  0.97 M

Time: 13:30 GMT

 

Sentiment:

An increase in the speculation such as a hike in the interest rate and diminishing hunger for new homes could have an impact on the final number.  The belwo chart shows the comparison between the permits and Starts.

housing starts

Source: Bloomberg & Bloomberg Brief

 

 

Thursday Fundamentals:

 

1.       Unemployment Claims

Data:

Previous Figure: 300K

Forecast Figure:  316K

Time: 13:30 GMT

 

2.       Philly Fed Manufacturing Index

Data:

Previous Figure: 9.0

Forecast Figure: 9.6

Time: 15:00 GMT

 

The above is for informational purposes only and NOT to be construed as specific trading advice. Responsibility for trade decisions is solely with the reader.
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