Will rate cut hopes be dashed

Will rate cut hopes be dashed

Asian Markets are trading slightly lower overnight as everyone waits for Jerome Powell’s testimony. Both the Hang Seng and Nikkei225 losing ground by 215 and 12 points respectively. Futures markets are still pricing in a 25 basis points cut later this month whilst there is now no indication of anything further. Markets are trading in […]

Japanese Yen: USD/JPY (JPY=X) pushes down from resistance

Japanese Yen: USD/JPY (JPY=X) pushes down from resistance

Japanese Yen: USD/JPY (JPY=X) pushes down from resistance Also on the side of USD-weakness, USDJPY has pushed-lower from a key zone of resistance while filling this week’s opening gap. This keeps the door open for further bearish potential in the pair. Prices are finding a bit of short-term support at the 107.50 level that was looked at […]

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range

Australian Dollar: USD/AUD (AUD=X) broke out of its Asian session consolidative trading range The AUD/USD pair finally broke out of its Asian session consolidative trading range and spiked to fresh session tops, around the 0.7015 region in the last hour. The pair built on the previous session’s post-RBA bounce from 50-day SMA support and continued […]

Shanghai: SSE Composite Index (.SSEC) traders looking ahead to a key government jobs report due out Friday

Shanghai: SSE Composite Index (.SSEC) traders looking ahead to a key government jobs report due out Friday

Shanghai: SSE Composite Index (.SSEC) traders looking ahead to a key government jobs report due out Friday Shares were mostly lower in Asia on Wednesday as the euphoria from President Donald Trump’s truce with China’s Xi Jinping on trade faded. The retreat followed yet another all-time high for the S&P 500 index, though trading in […]

British Pound: USD/GBP (GBP=X) reaching towards the 1.2550 level

British Pound: USD/GBP (GBP=X) reaching towards the 1.2550 level

British Pound: USD/GBP (GBP=X) reaching towards the 1.2550 level The British pound fell significantly during the trading session on Wednesday, reaching towards the 1.2550 level. That’s an area that should continue to be of interest as we had recently bounced from just below. Obviously, the 1.25 level underneath will probably cause significant support due to the […]

Euro: USD/EUR (EUR=X) has weakened and fallen to key level

Euro: USD/EUR (EUR=X) has weakened and fallen to key level

Euro: USD/EUR (EUR=X) has weakened and fallen to key level The weakening of the Euro after the G20 Summit, and subsequent announcement of Christine Lagarde as the next President of the European Central Bank (ECB), is unlikely to extend suggest the charts. The Euro fell after the G20 as improved investor sentiment reduced safe-haven flows, a dynamic […]

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand

Silver 1 OZ 999 NY (XAG=X) should continue to be in demand Silver markets went back and forth during the trading session after gapping higher on Wednesday, showing a clear range as to where the market wants to deal with. The $15.25 level underneath should be support, while the $15.50 level above should be resistance. That […]

Australia: S&P/ASX 200 (.AXJO) to open lower

Australia: S&P/ASX 200 (.AXJO) to open lower

Australia: S&P/ASX 200 (.AXJO) to open lower The Australian share market is expected to open lower this morning despite U.S. and European markets pushing higher. According to the latest SPI futures, the ASX 200 is poised to open the day 0.1% or 8 points lower. On Wall Street the Dow Jones rose 0.25%, the S&P […]

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand Gold prices are solidly higher in early U.S. trading Wednesday, with prices overnight coming close to taking out the recent six-year high. Gold is seeing some renewed safe-haven demand, fresh chart-based buying and support coming from ongoing notions of easier central bank monetary policies. August […]

Hong Kong: HANG SENG INDEX (.HSI) energy firms taking a hit following a plunge in oil prices

Hong Kong: HANG SENG INDEX (.HSI) energy firms taking a hit following a plunge in oil prices

Hong Kong: HANG SENG INDEX (.HSI) energy firms taking a hit following a plunge in oil prices Hong Kong stocks eased today as investors cashed out after the previous day’s rally, with energy firms taking a hit following a plunge in oil prices. The Hang Seng Index dipped 0.07 per cent, or 20.42 points, to […]

Trade concerns still weigh on markets

Trade concerns still weigh on markets

US policy on trade is still weighing on market sentiment as Asian markets post losses overnight, the Nikkei225 lower by 116 points lower and the Hang Seng currently lower by 94 points. Comments by Mark Carney yesterday suggesting that the ongoing political and trade discord could ‘derail’ global economic growth did little to help the […]

Asian Markets Mixed

Asian Markets Mixed

Asian markets are mixed this morning as the Hang Seng gains 46 points whilst the Nikkei225 is lower by 107 points. US Consumer debt is now above those levels seen in 2008 and the Global Financial Collapse and warnings have surfaced that a housing market slump could drive global growth to a 10 year low […]

Xi to attend G20 meetings

Xi to attend G20 meetings

China has confirmed that President Xi will attend this weeks G20 meetings, there had been some speculation that he may not and that the US/Chinese Trade deal may have been even less realistic. The markets have accepted this development as a mildly positive move but are not running away with themselves. The Hang Seng is […]

No Rate Cut But……

No Rate Cut But……

Shares in Asia are broadly higher this morning after moderate gains on Wall Street yesterday. The Nikkei225 is 128 points higher as I write whilst the Hang Seng has currently gained 256 points. Gains though are being reduced from earlier highs as we approach the closing bell. Gains on wall Street yesterday of 38 points […]

Powerdyne International, Inc. (OTC:PWDY) Technical Outlook

Powerdyne International, Inc. (OTC:PWDY) Technical Outlook

Powerdyne International, Inc. (OTC:PWDY) Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.00. The projected upper bound is: 0.00. The projected lower bound is: 0.00. The projected closing price is: 0.00. Candlesticks During the […]

LifeApps Brands Inc. (OTC:LFAP) Technical Update

LifeApps Brands Inc. (OTC:LFAP) Technical Update

LifeApps Brands Inc. (OTC:LFAP) Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.10. The projected upper bound is: 0.12. The projected lower bound is: 0.05. The projected closing price is: 0.08. Candlesticks A white […]

Ironclad Encryption Corporation (OTC:IRNC) Technical Update

Ironclad Encryption Corporation (OTC:IRNC) Technical Update

Ironclad Encryption Corporation (OTC:IRNC) Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.03. The projected upper bound is: 0.03. The projected lower bound is: -0.01. The projected closing price is: 0.01. Candlesticks A white […]

Federal National Mortgage Association (OTC:FNMA) Technical Update

Federal National Mortgage Association (OTC:FNMA) Technical Update

Federal National Mortgage Association (OTC:FNMA) Technical Update Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 2.65. The projected upper bound is: 3.30. The projected lower bound is: 2.73. The projected closing price is: 3.02. Candlesticks A […]

Tianci International, Inc. (OTC:CIIT) Technical Update

Tianci International, Inc. (OTC:CIIT) Technical Update

Tianci International, Inc. (OTC:CIIT) Technical Update Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 3.84. The projected lower bound is: 2.20. The projected closing price is: 3.02. Candlesticks A big white candle occurred. This is generally considered bullish, as prices closed […]

YBCC, Inc. (OTC:YBAO) Technical Update

YBCC, Inc. (OTC:YBAO) Technical Update

YBCC, Inc. (OTC:YBAO) Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.39. The projected lower bound is: 0.01. The projected closing price is: 0.20. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert […]

Cerebain Biotech Corp. (OTC:CBBT) Technical Outlook

Cerebain Biotech Corp. (OTC:CBBT) Technical Outlook

Cerebain Biotech Corp. (OTC:CBBT) Technical Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.01. The projected upper bound is: 0.00. The projected lower bound is: -0.00. The projected closing price is: 0.00. Candlesticks A white […]

NaturalShrimp Incorporated (OTC:SHMP) Technical Update

NaturalShrimp Incorporated (OTC:SHMP) Technical Update

NaturalShrimp Incorporated (OTC:SHMP) Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.16. The projected upper bound is: 0.14. The projected lower bound is: 0.06. The projected closing price is: 0.10. Candlesticks A black body […]

Vystar Corporation (OTC:VYST) Technical Update

Vystar Corporation (OTC:VYST) Technical Update

Vystar Corporation (OTC:VYST) Technical Update Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.06. The projected lower bound is: 0.03. The projected closing price is: 0.05. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]

Flexpoint Sensor Systems, Inc. (OTC:FLXT) Technical Outlook

Flexpoint Sensor Systems, Inc. (OTC:FLXT) Technical Outlook

Flexpoint Sensor Systems, Inc. (OTC:FLXT) Technical Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.05. The projected upper bound is: 0.09. The projected lower bound is: 0.06. The projected closing price is: 0.07. Candlesticks A […]

Shanghai: SSE Composite Index (.SSEC) financial markets need to improve transaction and consulting services to meet the needs of global investors

Shanghai: SSE Composite Index (.SSEC) financial markets need to improve transaction and consulting services to meet the needs of global investors

Shanghai: SSE Composite Index (.SSEC) financial markets need to improve transaction and consulting services to meet the needs of global investors Shanghai needs to improve in areas including financial product pricing and transaction services in order to become a global center for yuan-denominated assets, central bank Governor Yi Gang said Thursday at a high-level forum. […]

British Pound: USD/GBP (GBP=X) heightened risk of reversal

British Pound: USD/GBP (GBP=X) heightened risk of reversal

British Pound: USD/GBP (GBP=X) heightened risk of reversal Pound Sterling is beginning to look a great deal more resilient against the Euro, even with the news out over the past 24 hours that parliament has failed in its latest attempts to ensure a ‘no deal’ Brexit is avoided on October 31. The Pound-to-Euro exchange rate now looks […]

Euro: USD/EUR (EUR=X) With US Inflation Out of the Way, Traders Look to Retail Sales

Euro: USD/EUR (EUR=X) With US Inflation Out of the Way, Traders Look to Retail Sales

Euro: USD/EUR (EUR=X) With US Inflation Out of the Way, Traders Look to Retail Sales Yesterday’s CPI data failed to provide the catalyst for a EUR/USD rally above its 200 weekly moving average, an indicator the pair was hovering below ahead of the release. Thursday’s docket is quite light data-wise, and so trader’s will be looking to […]

Japanese Yen: USD/JPY (JPY=X) trapped in a tight 50-pip range

Japanese Yen: USD/JPY (JPY=X) trapped in a tight 50-pip range

Japanese Yen: USD/JPY (JPY=X) trapped in a tight 50-pip range USD/JPY is trading in a range between 108.20 and 108.70. The market seems to have found decent resistance at 108.55. The next supports to the downside are seen at 108.40 and 108.20. A break above 108.55 can lead to 108.70.  Overall, the bias in prices […]

Australian Dollar: USD/AUD (AUD=X) market is highly sensitive to the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) market is highly sensitive to the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) market is highly sensitive to the US/China trade situation The Australian dollar has gone back and forth during trading on Thursday, but the one thing that has caught my attention more than anything else is that the 0.69 level has held steady for support. With that being the case, the market will […]

Singapore: STI Index (.STI) global economic slowdown and the China-U.S. trade war will affect this year’s developments in various sectors

Singapore: STI Index (.STI) global economic slowdown and the China-U.S. trade war will affect this year’s developments in various sectors

Singapore: STI Index (.STI) global economic slowdown and the China-U.S. trade war will affect this year’s developments in various sectors Economists have become largely pessimistic of growth in Singapore’s manufacturing industry. The bearish forecasts were based on increasing trade protectionism around the world, particularly in the United States. In a survey released on Wednesday by […]

Gold 1 OZ (XAU=X) geopolitical concerns have lifted gold’s fundamental appeal as a safe haven asset

Gold 1 OZ (XAU=X) geopolitical concerns have lifted gold’s fundamental appeal as a safe haven asset

Gold 1 OZ (XAU=X) geopolitical concerns have lifted gold’s fundamental appeal as a safe haven asset After a huge rally at the end of May and the beginning of June, gold prices have settled into an approximate $30 range over the past week. But it’s not just gold prices: volatility has cooled across the board, […]

Hong Kong: HANG SENG INDEX (.HSI) Falls To Five-Week Low Amid Lowered Trading Sentiments

Hong Kong: HANG SENG INDEX (.HSI) Falls To Five-Week Low Amid Lowered Trading Sentiments

Hong Kong: HANG SENG INDEX (.HSI) Falls To Five-Week Low Amid Lowered Trading Sentiments Extradition protests in Hong Kong escalated over the weekend, sending the city’s Hang Seng Index to its lowest point in over five weeks. Protesters continue to rally across the streets, further worsening trading sentiments within the city’s equities markets. According to […]

Silver 1 OZ 999 NY (XAG=X) Investors focusing on the Persian Gulf Tensions

Silver 1 OZ 999 NY (XAG=X) Investors focusing on the Persian Gulf Tensions

Silver 1 OZ 999 NY (XAG=X) Investors focusing on the Persian Gulf Tensions Gold prices are firmly higher in midday U.S. trading Thursday, boosted on safe-haven buying interest on news of another attack on big ships in the Persian Gulf region. August gold futures were last up $6.90 an ounce at $1,343.70. July Comex silver prices were last up $0.127 […]

Australia: S&P/ASX 200 (.AXJO) future gains limited

Australia: S&P/ASX 200 (.AXJO) future gains limited

Australia: S&P/ASX 200 (.AXJO) future gains limited A strong rally to start 2019 has Australia’s stocks looking expensive, and that could be a bad sign for future gains. The nation’s benchmark S&P/ASX 200 Index has advanced 16 per cent this year, causing valuations to swell. The gauge trades at an estimated price-earnings ratio of 17.1, […]

Nick Leeson on the Trading Day Ahead

Nick Leeson on the Trading Day Ahead

Nick Leeson on Indicies Drift Asian markets are little changed overnight as Global equity indices look set to drift this morning. The FTSE is called two points higher whilst the DAX is currently forecasted to shed 6 points at the opening bell. The DOW closed higher yesterday even after the US Federal Aviation Authority followed […]

Nick Leeson on Brexit, Boeing and the Day Ahead

Nick Leeson on Brexit, Boeing and the Day Ahead

Brexit news provided the impetus for a bumpy ride for the European Indices and Sterling yesterday. A positive stance after news of concessions from the EU was quickly replaced by uncertainty and a swift move lower as legal opinion indicated that we were no nearer a path through the forest to a successful Brexit. In […]