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ASX200 Higher For A Fifth Session, ‘Long’ May It Last?| ASX, CAR, JHX
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16 Oct 2019 @ 15:56
After a firm close, bulls are clearly back in charge, so we look at two potentially bullish setups at the equity level. In the prior report we were looking for a potential swing high on the ASX200, starting that “a break above 6,660” invalidates the bearish bias. Given this level was blown to pieces today amidst its […]
ADVFN Morning London Market Report: Wednesday 16 October 2019
16 Oct 2019 @ 10:17
London open: Stocks steady as sterling hit by Brexit woes London stocks were steady in early trade on Wednesday as sterling was hit by renewed doubts about a Brexit deal, helping the top-flight index to stay afloat despite souring relations between the US and China. At 0840 BST, the FTSE 100 was flat at 7,210.07, […]
MS International – an attractive profits history
16 Oct 2019 @ 09:56
MS International (LSE:MSI) has been profitable in each of the last fourteen years. But there are two unattractive features of the profits history that seem to put off Mr Market from buying its shares. First, profits are no higher today than they were over a decade ago – and that is before we account for […]
USD/CAD’s Long-Term Top Remains Alive And Well
16 Oct 2019 @ 09:22
We’d like to refer to an older article from June, where we outlined a bearish case for USD/CAD against the bullish trend. Using a change of market positioning and a bearish divergence with MACD, we argued a break of the bullish trendline was favoured and that it could be carving out a topping pattern. Indeed, […]
US Stirs Tensions With China With Pro-Democracy Bill | CNH, E-Mini, AUD
16 Oct 2019 @ 09:17
US Stirs Tensions With China With Pro-Democracy Bill | CNH, E-Mini, AUD The US House of Representatives passed a human rights bill which effectively provides support to pro-democracy protesters in Hong Kong. The bill includes an annual review over whether Hong Kong is sufficiently autonomous from Beijing. Moreover, the bill will allow the US to […]
Guardian Stockbrokers Key Economic News Wednesday 16 October 2019
16 Oct 2019 @ 09:14
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK unemployment rate surprisingly advanced in the June-August 2019 period In the UK, the unemployment rate registered an unexpected rise to a level of 3.90% in the June-August 2019 period, compared to market expectations of a steady reading. The unemployment rate had […]
Selling pressure to bring windfalls to bears on Bidstack Group (BIDS)
15 Oct 2019 @ 12:31
Bidstack Group plc shares (LSE:BIDS) have already formed a bearish bias, and that is supposed to balloon into massive selling in the market. Bears can be richly rewarded soon. Price is currently below the EMA 21, and Williams’ % Range period 20 is now heading into the oversold region. There is already a “sell” signal […]
ADVFN Morning London Market Report: Tuesday 15 October 2019
15 Oct 2019 @ 09:50
London open: Stocks rise amid renewed Brexit deal optimism London stocks rose in early trade on Tuesday amid renewed optimism that a Brexit deal is achievable, as investors eyed the release of key UK jobs data. At 0840 BST, the FTSE 100 was up 0.3% at 7,233.22, while the pound was 0.5% higher against the […]
MS International – Buying it for my Warren Buffett style portfolio
15 Oct 2019 @ 09:24
I’ve bought some more shares in MS International (LSE:MSI), the engineering company, at 172p (MCap = £1.72 x 16.5m shares = £28.4m). I previously bought MSI for my Modified price earning ratio portfolio. But now I think it qualifies as a Warren Buffett-style investment. MS International has two economic franchises: (a) Specialised defence equipment, mostly […]
S&P500: The Long And Short Of It | Cisco, Welltower, Applied Material
15 Oct 2019 @ 09:07
S&P500: The Long And Short Of It | Cisco, Welltower, Applied Material Welltower Inc CFD/DFT: The stock remains in a strong uptrend and is now consolidating just beneath record highs. The 20-day eMA is holding as support and we’re now watching to see it can break out of compression to new highs. Given the strong trend […]
MINING, OIL AND GAS
Europa Metals price forecast: Could the current rally on EUZ be false?
15 Oct 2019 @ 12:41
Europa Metals Ltd stock (LSE:EUZ) is currently experiencing a rally in the context of a downtrend. But there is likehood that the rally would not be sustained unless the condition stated below is met. From May to August 2019, price went flat. Then it rallied massively in August – only to start coming downwards in […]
Weekly COT Report: Sterling Traders The Least Bearish In 3-Months
14 Oct 2019 @ 09:10
Weekly COT Report: Sterling Traders The Least Bearish In 3-Months As of Tuesday 8th October: Traders increased net-long exposure for a 4th consecutive week by $0.8 billion. The Euro saw the largest weekly change among FX majors, seeing net-short exposure increase by 9.4k contracts. Large speculators were their least bearish on the British pound in 3 […]
Trade Dispute Responsible for China’s Overwhelming Gold Purchase Rate
13 Oct 2019 @ 14:24
China has included more than 100 tons of gold to its stores since it continued purchasing in December, fortifying its position as one of the significant authority collectors as national banks load up on the valuable metal. The People’s Bank of China grabbed progressively gold a month ago, raising reserves to 62.64 million ounces in […]
WTI Breaks Above 54 Following Missile Attack On Iranian Oil Vessel
11 Oct 2019 @ 09:37
Oil spiked higher on reports that an Iranian oil tanker was hit by two missiles off the Saudi coast, according to an Iranian state television. The vessel is currently ablaze and leaking oil 60 miles off coast. Crude oil futures broke above $54 resistance and currently trade around $54.56. Whilst one may have expected a […]
GLOBAL NEWS
The Economic Proscription of U.S. Farmers by China Maybe Forever
13 Oct 2019 @ 14:34
Similar to a black eye on the face, it’s placing an indelible imprint. The retaliatory levies by China over U.S. commodity producers, such as soybeans, which seem to be forever. The moment such happens for the market it becomes irreversible. It’s a dread numerous farmers from North Dakota to Mississippi have recognized for as far […]
GBPJPY Reverses Its Sell-Off Around the Level at 130.75
13 Oct 2019 @ 14:19
In the prior session, the pair closed lower for the second day in a row, but currently, the GBPJPY displays a weakness further downside of the pair while retaining its wider medium-term outlook by temporal reversal on the level at 130.75. Key Levels Resistance Levels: 148.66, 137.80, 135.774 Support Levels: 130.75, 128.68, 126.54 GBPJPY Long […]
USDCHF Breaks Below Its near Term Support Zone on the Level at 0.9926 but Recovers Abruptly
13 Oct 2019 @ 14:11
USDCHF Price Analysis – October 8 The FX pair breaks below the horizontal zone on the level at 0.9926 but reverses again after recovering from its early selling pressure. The USDCHF was able to find buyers again around the level at 0.9908. Key Levels Resistance Levels: 1.0231, 1.0126, 1.0015 Support Levels: 0.9897, 0.9870, 0.9843 USDCHF […]
AUDUSD Discovers Its Potential for the Upside Movement as Buyers Lean on the Key Support Level
05 Oct 2019 @ 09:49
After discovering its potential for the upside movement, AUDUSD has appreciated against the greenback since the prior trading session. The FX pair had exited the prior session above its opening price after recovering from early selling pressure. Key Levels Resistance Levels: 0.6895, 0.6805, 0.6776 Support Levels: 0.6671, 0.6620, 0.6600 AUDUSD Long term Trend: Bearish Despite […]
