FLC has formed a bull flag giving an upside target of 81.5c
EEM is mostly made up Chinese A-shares meaning this ETF is primarily dependent upon data coming out of China. Recent data is quite promising while the US-China trade war negotiations continue to show positive developments. Exports data coming out of China is positive this morning, moreover the US will not keep on putting pressure on China politically according to...
Exports data coming out of China is positive this morning, moreover the US will not keep on putting pressure on China politically according to Bloomberg. Also, data suggests the trade surplus increases while credit growth beats estimates. Could see 3 to 6 percent increase in Shanghai on Monday if all else is equal.
Stochastic flashes overbought while RSI is approaching this level. However, the Chaikin oscillator suggests there's some room to run higher. However, long-term 2018 downward trending resistance is a bit strong to overcome. Overall, sentiment is short, but need some more convincing as there is probably still more room to run upwards especially given the fact that...
I'm long, there's an explosive technical chart at play here, if it accelerates soon, a very sharp move will start from this juncture. Copper is also set up to move up explosively, and I see bullish patterns in multiple currency pairs like $CADUSD and $EURUSD (which we are already long from the lows). Commodities also exhibit bullish patterns, like $NGAS, $XAGUSD,...
HSI is one of the indices we have been monitoring since Feb when our first position was added as the trend reversal took place. It's starting to get more interesting here as we have gotten back to an ideal uptrend as per trend indicators and seeing a breach of the 30000 key psychological resistance. Some selling pressure the past 2 days but buyers are still...
NAS100 is reaching again 7700 resistance where it had a duble touch on september and october 2018. 2019 forecast and possible deception with China comercial agreement play against breaking this resistance so a short position could be profitable. OANDA:NAS100USD
No doubt I am going to get blasted by the hordes of NEO fans and shillers here on TV HOWEVER - I just can't help myself, I want to kick it while it's down. Simple technical analysis on the chart. Basic support and resistance levels being monitored. For now I am going for what looks like an easy margin leveraged short on NEO - Feeling pretty confident that we are...
April 12, 2019 is the official Brexit date. There are two options: leaving without a deal (both are afraid of it, Britain and the EU, therefore, we regard this outcome as highly unlikely) or a delay. In our opinion, the second option is alternative. It is all about the terms. The EU summit will show whether it takes a year, as the EU wants, or a couple of months,...
China Bans Mining, may be FUD may not be FUD. CME Bitcoin futures hit ATH yesterday. Lets see how they react when US opens. Most likely short in my opinion.
The relationship between the Aussie dollar and the Chinese economy is well studied. Clearly, Aussie dollar is a strong proxy for Chinese growth where economic figures should always be looked upon with skepticism. Overall, if the Chinese economy cannot get going, traders will first see this trend in the Aussie dollar.
TAIEX enjoys a positive correlation coefficient with the Shanghai Composite which has strengthened consistently over the past few months. Then if we believe that a trade deal with the US is coming then the TAIEX will surely enjoy some gains as well even especially since TAIEX greatly outperforms Shanghai Composite and Shenzhen Component. However, TAIEX RSI is well...
Data on NFP, Brexit and negotiations between the United States and China Bank of India lowered the rate yesterday, what provoked the sale of the Indian rupee in the foreign exchange market. So those of our readers who followed yesterday's recommendation to buy USDINR should have made good money. The US and China continue to generate positive news about progress...
The Financial Times reported that the United States and China settled most of the issues that prevented the conclusion of an agreement. Myron Brilliant, executive vice president and head of International Affairs at the U.S. Chamber of Commerce, said: “The deal was agreed on by 90%.” So the end of the trade wars is getting closer. Such news is extremely positively...
SHCOMP has played out fantastically well to the 3200 target as planned today(look at previous idea) with about a 6% rally in 4 days. Buyers came out very aggressively over the past few days and I was expecting some profit taking with buyers losing strength last trading session. However, we are yet again seeing some very favourable price action with buyers defying...
Bi-Weekly Review on Strait Times Index (March 2019 - April 2019) - Singapore Stocks start the week higher on this monday (April 1) with advancing 19.18 points points, or 0.6 per cent - Markets are bullish but the volatility is higher for the past 2 weeks - Market Catalyst affect several area : Australia, Japan, South Korea, China and Hong Kong - Most...
Gold Prices Decline as China Manufacturing Data Lifts Confidence China's Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) rose to 50.8 from 49.9 in February. That was the strongest reading in eight months and followed an uptick in the official PMI, which tracks mainly state-owned enterprises. The data suggested China's ailing manufacturing sector is...