Blockchain and the Internet of Things (IoT) have rapidly become two of the most talked about technologies across the globe – and for good reason. There are numerous benefits of integrating the IoT with blockchain technology. However, we’ve still got some way to go before these two revolutionary pieces of technology become fully integrated. The […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK retail sales rose more than expected in July In the UK, retail sales recorded a rise of 3.50% on an annual basis, in July, more than market expectations for a climb of 2.90%. Retail sales had registered a jump of 2.90% […]

London open: Stocks edge up as US-China talks eyed, Qatar bails out Turkey London stocks edged higher in early trade on Thursday as the mood lifted after Qatar came to a wobbling Turkey’s aid with a hefty investment pledge and news emerged of high level trade talks between US and China. At 0830 BST, the […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK house price index rose more than expected in June The house price index in the UK recorded a rise of 3.00% on an annual basis in June, higher than market expectations for a rise of 2.60%. In the prior month, the […]

Risk appetite has certainly deteriorated over the past week as Turkey clashes with President Trump and battles with the financial markets. It seems we are all emerging markets traders now as CNY and ZAR also get hit and trade near significant resistance levels, where the issues potentially become a wider test of global risk sentiment. Of […]

London open: Stocks flat as miners weigh; UK inflation data in focus London stocks were steady in early trade on Wednesday as investors eyed the latest UK inflation data for July, with worries about Turkey receding for now as the lira regained some poise. At 0840 BST, the FTSE 100 was flat at 7,613.17, while […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK ILO unemployment rate surprisingly dropped in the April-June 2018 period In the UK, the ILO unemployment rate unexpectedly dropped to 4.00% in the April-June 2018 period, compared to market expectations of a steady reading. In the March-May 2018 period, the ILO […]

They say the hardest aspect of trading is psychology. If you have been trading for a while then you will verify that this is indeed true. Trading is such a mentally driven business that two people can have exactly the same strategy but apply it in totally different ways and achieve completely different results. The […]

In the years 1978-1982 both the Buffalo Evening News and the Courier-Express suffered large losses as they lowered prices in attempts to attract readers and advertisers in an over-supplied market.  The outlook was bleak for both.  Until, that is, the breath-taking announcement on September 19 1982 by the owners of the Courier-Express that they were quitting, leaving the News as the only...

GOLD (XAUUSD) Dominant Bias: Bearish Gold has ended its recent short-term neutrality by dropping 5000 pips in July. In fact, the current dominant bearish bias started on April 11 (following a long period of a boring, choppy market), and price has dropped over 15,000 pips since then, resulting in a Bearish Confirmation Pattern in the […]

Bahamas Petrol shares (LSE:BPC) has been going upwards since it broke upwards significantly in early May, 2018. Before then, price was in a tight consolidation, forming a strong base. In the context of a bullish movement, price ranged in June, only to begin to go further northwards seriously in July. 4 EMAs are used for […]

Edenville stock (LSE:EDL) has experienced what can best be called a false breakout.. The major bias is bearish, and thus, the current bullish breakout could end up being a temporary rally in the context of a downtrend. Price is above the EMA 11 but it is yet to close above it. Should price close below […]

ETHUSD Medium-term Trend: Bullish Resistance: $435, $430, $425 Support: $405, $410, $415 The ETHUSD pair had a bearish outlook yesterday. The MACD line and the signal line were below the zero line. From the price action, Ethereum had a bearish view but it commenced a range bound movement. Today, price of Ethereum is in a […]

Ethereum Price Medium-term Trend: Ranging     Supply zones: $400, $450, $500 Demand zones: $150, $100, $50   ETH is ranging in the medium-term outlook. The strong bullish pressure was sustained at the 61.8 fib level, then the cryptocurrency saw upward price movement to $304.99 in the supply area. The formation of a bearish hammer […]

BTCUSD Medium-term Trend: Bullish   Resistance levels: $6,500, $6,600, $6,700 Support levels: $6,300, $6,200, $6,100   The BTC price was in a bullish trend yesterday and the price reached the high of $6,484.60 but was resisted by the bears.   On August 9th, the BTC price had attempted to break the resistance level at $6,585.60 […]

BTCUSD Medium-term Trend: Ranging Resistance levels: $6,400, $6,500, $6,600 Support levels: $6,400, $6,300, $6,200   Yesterday, August 9th, the BTCUSD pair was in a bearish trend. Yesterday, the price was approaching the $6,000 price and it was assumed that the bulls would defend the support level at $6,000. This was based on the fact that […]

Ethereum Price Medium-term Trend: Ranging     Supply zones: $500, $550, $600 Demand zones: $200, $150, $100   ETH returns to the range in the medium-term outlook. The bearish momentum was sustained until the price was down to $346.35 in the demand area.   The opening 4-hour candle at $355.63 was bullish and the cryptocurrency […]