Global News

The USD/JPY moved sideways throughout the last week, without any significant movement to the upside or to the downside. There would be a serious breakout any day this week, which would most probably favor the bears. There is a demand level at 119.00 and there is a support level at 121.50. EUR/USD: This pair is […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Though this pair was trendless in the first few days of last week, it was characterized by high volatility on Thursday and Friday. Price moved upwards On Thursday and got corrected downwards on Friday. However, the outlook on the pair is bullish: we may […]

So there we have it, the Fed has left interest rates on hold, and as I have been saying, this was to be expected. Janet Yellen talked about uncertainty over China being a significant factor, and as I outlined again yesterday, subdued inflation was held out as another reason to remain loose. The US indices […]

“I’ve not failed. I’ve just found 10,000 ways that won’t work.” – Thomas Edison “…If trading is only about money, you have very little chance of success.” – Dr. Van. K. Tharp In recent times, some people have questioned the morality of online trading. Obviously, the question comes from lack of real understanding of trading. […]

All day long financial news sites have been littered with headlines speculating about whether or not the U.S. Federal Reserve would at last raise interest rates this month as has long been anticipated. If not speculating about whether or not, they speculated all day about what if. Between that and the reports on last night’s […]

Salahi 1 Continues to Return High Grade Gold Results – Block 4, Semail Ophiolite Belt, Oman Savannah Resources plc (AIM:SAV) advises that it has identified further high grade gold mineralisation at the Salahi 1 Prospect at its Block 4 copper-gold project in Oman. The results follow completion of additional rock chipping and trenching as part […]

Interim Results Atlas Development (AIM, NSE: ADSS), the Kenyan headquartered, African focussed support services and logistics company, has provided interim results for the 12 month period ended 30 June 2015. CHAIRMAN’S STATEMENT (In full) Atlas Development was established to take advantage of the lack of international standard oil and gas services companies operating in Africa. […]

Hydro-Electric Power Plant in Liberia Hummingbird Resources, the multi-project gold company, has announced a positive preliminary report from Knight Piesold Consulting for the proposed hydro-electric power plant in south-east Liberia, ±10km from Hummingbird’s 4.2Moz Dugbe Gold Project. This significant development follows the signature of a Collaboration Agreement for the funding and...

Imagination Technologies Group stock (LSE:IMG) should keep on trudging upwards, despite all odds. This is a choppy market, in which the bulls have been making somewhat successful attempts to push the price upwards. The price broke upwards in the early part of September 2015 – above the upper Trendline. The price went back into the […]

What are the details? BP and Ningxia Baota Chemical Fibre Co., Ltd. (a majority owned subsidiary of Baota Petrochemical Group) have signed an agreement to license BP’s latest generation purified terephthalic acid (PTA) technology, the third such deal agreed by BP. Ningxia Baota intends to build a 1.2 million tonnes per annum (tpa) unit at […]