Daily Analysis

Will The Euro Remain Bullish In The Coming Days?

by editor on 2016-11-01 08:25:39 | 0 comments

Key Points: Euro exhibiting bullish bias. RSI Oscillator trending higher within neutral territory. Fed likely to hold rates steady at 0.50% The euro was strongly positive last week as the pair meandered higher in the early stages after a strong showing in the EU Services and Manufacturing PMI results. In fact, the recently embattled pair saw a 100 pip gain in the latter stages of Friday’s session due to some US weakness. However, it remains to be seen if the pair can retain its position above the key 1...

Buy These 5 Low Leverage Stocks For Safe Returns

by editor on 2016-10-17 12:57:08 | 0 comments

“Growth based on debt is unsustainable, artificial” – Jose Manuel Barroso With capital being one of the basic factors of production, companies – especially those facing a dearth of resources – need exogenous funds to finance their corporate expenses, run operations smoothly as well as expand the realm of their business. Among equity and debt – the two most common options used to boost a company’s future earnings – debt is the more popular one. This is perhaps due to the cheap and easy availability of debt over equity financing...

What’s Next For The Loonie?

by editor on 2016-10-06 07:52:36 | 0 comments

Key Points: Loonie continues to follow the wedge pattern higher. Reversal should occur around the 38.2% Fibonacci level. Could move as low as the 1.30 handle. Despite what has proven to be a bumpy ascent, the loonie continues to push consistently higher and this has been exacerbated by the recent swell in sentiment for the USD. As a result, the short-term forecast for the pair should remain relatively bullish. However, keep half an eye on the pair as it could take another corrective slide to the downside as it moves to challenge the upside constraint of its long-term wedge structure...

AUD Upbeat On Carry Appetite

by editor on 2016-09-28 08:43:44 | 0 comments

The EUR/USD tests 1.1201 (200-hour moving average & Fibonacci 50% on Sep 21th to Sep 26th rise). The downside correction is under way after the failure to clear resistance at 1.1284 (Sep 15th peak). More bids are sheltered at 1.1190 / 1.1174 (major 50% and 61.8% retracement). The USD/JPY traded rangebound in Tokyo. Traders are uncertain regarding the trajectory of the yen since the Bank of Japan (BoJ) failed to pull the market on its side after several attempts. Intra-day resistances are eyed at 100...

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