The Chinese manufacturing PMI will influence the market direction. If the PMI will be lower then the last time then we will have a breakout above the upper side of the triangle. The volume should increase around 28.11.2016. If the breakout to the upper side of the triangle fail we will retest the 4600-5800 yuan support zone which is also at the 50% Fibonacci...
Right, here we see this pair stuck in a range for the last two months or so, manufacturing data to be released on Monday morning for GBP. We will either see this pair break through the box and reach 1.34 or retrace down to 1.31 level. Either way, take your pick, trade after the news if you wish, however, trade safe.
Ticker : APD Direction : SHORT Entry Price : 136 AREA Current Price : 142.85 Description of Chart : If you took the option with the wider SL and TP you will still be in the trade. This proves that using a lower leverage with a lower percentage of your account for that trade will allow you to widen out those targets to allow for more time. Time over Direction!...
Crude started the new year with volatility, as prices initially rebounded into price resistance near $38/bbl on geopolitical tensions between Iran and Saudi Arabia. However, the rally was short-lived and there looks to be no follow through in today's session. There are a few key factors to take into account: slow global growth, a decline in global demand growth...
The Australian dollar is coming off a sizable gain against the greenback, following an employment jump of 58,600. This pushed the unemployment rate down to 5.9 percent from 6.2 percent in September. Analysts are expecting this to hinder further rate cuts near-term, while economist Stephen Koukoulas believes the Reserve Bank of Australia (RBA) may indeed raise...
The BRICS (Brazil, Russia, India, China and South Africa) are highly watched emerging markets because they represented roughly 22 percent of global GDP in 2014. However, the global economic slowdown and increased geopolitical tension has weighed heavy on these markets. Although, India may be the most resilient economy out of the BRICS. India has felt its share of...
In line with Total Capacity Utilization index, Manufacturing Capacity Utilization index which measures the share of manufacturing capacities of US companies employed in actual production, has also nearly restored its crisis losses. However, the index has bounced down from the 78% mark in the recent readings, falling out of its ascending range. It is too early...
In line with Industrial Production Index, us Manufacturing has been trending within its relevant ascending range since 2011 and has restored all the losses of the 2008-2009 financial crisis back in the beginning of 2014. Thus overall the Industrial production in the US is developing at a good pace, in line with the lateral uptrend in S&P 500.
Lumber is highly correlated to the ISM manufacturing index (or vice versa?). Nevertheless, the weakness in lumber prices is corresponding with the softening manufacturing data, although manufacturing data from Markit suggest manufacturing is weaker than ISM reports. New orders index collapsed from Nov/Dec 66 to 57. Prices have noticeably declined, too. Anyways,...