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Hangzhou-based Alibaba Group Holding Ltd. will acquire a stake in Meizu, a Chinese smartphone maker, as it looks to expand its presence in mobile technology...
Company News
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News, 9 February 2015, 08:04 #Alibaba
EUR opened today with a small downside gap but the 1.1290 support stopped the downside move and the price bounced back to 1.1340 resistance. Next resistance comes at 1.1360-1.1380 area and above that the upside will accelerate. Target will be set at 1.1530, but before that 1.1410 and 1...
Analytics & Forecasts
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Andrius Kulvinskas, 9 February 2015, 08:03 #gold
Karen Jones, Head of Technical Analysis at Commerzbank, gives the technical outlook and the trade setup for EUR/CHF and USD/CHF. Key Quotes “EUR/CHF last week rallied to, tested and held below the 1.0600/70 region – this is the 61.8% retracement of the sell off.” “It is increasingly likely that 1...
Trading Ideas
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Andrius Kulvinskas, 9 February 2015, 07:57
On Monday, gold prices on Comex remained slightly higher in the Asian session, as weaker than expected Chinese trade balance data pressured Asian equities, making investors look for a shelter...
Metals
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News, 9 February 2015, 07:38 #economy news, metals, gold
A trading plan is a set of rules on all your trading activity. Survey proves that the end result they are trading based on a plan turned out much better than those without a plan. In the business adage says' if you fail to plan you plan to fail means' '(Fail to plan and you plan to fail...
Trading Strategies
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Tutang Jayana, 9 February 2015, 07:35 #Trading
National Bank of GreeceChairman George Zannias and Chief Executive Officer Alexandros Tourkoliasplan to step down from their positions in Greece's central bank in the next few days, CEO Tourkolias said on Sunday...
Banks
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Andrius Kulvinskas, 9 February 2015, 07:29
The Nomura Team shares the positives and negative points of Friday’s US jobs report. Key Quotes Positives “Nonfarm payrolls rose by 257k (Consensus: 228k, Nomura: 230k). The pace of job creation in December and November was revised up by 70k and 77k, respectively...
Analytics & Forecasts
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Andrius Kulvinskas, 9 February 2015, 07:19
Analysts at Deutsche Bank share the FX trade setup for EM currencies. Key Quotes “Open long EUR/ILS on expected BoI reaction to hefty appreciation, low inflation, and very extended technicals...
Trading Strategies
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Andrius Kulvinskas, 9 February 2015, 07:15
Big U.S. banks say that a proposed Federal Reserve rule on higher capital requirements would penalize them if the dollar remains strong against the euro, as it would make their dollar-denominated assets and operations look larger relative to their European peers, the Wall Street Journal reported...
Banks
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Andrius Kulvinskas, 9 February 2015, 07:09
EUR/USD holds above 1.13 threshold in the late-Asian session, quickly recovering from a dip below 1.1300 in the Asian opening hours. Greece talks in focus The EUR/USD now trades at 1.1339 levels, up 0.20% on the day, heading towards previously posted daily highs at 1.1341 levels...
Currency
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Andrius Kulvinskas, 9 February 2015, 07:05 #EUR/USD
Gold prices on Comex remain slightly elevated in the Asian session as weaker than estimates Chinese trade balance data dragged Asian equities lower, making gold more attractive for investors. Rises from 1235.30 levels Currently, gold trades higher by 0.22% at 1237...
Metals
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Andrius Kulvinskas, 9 February 2015, 07:01 #gold
According to FXStreet Editor and Analyst, Dhwani Mehta, XAU/USD is likely to break lower to retest 1228.64 levels, but a failure to break the support might lead the pair to rebound higher...
Metals
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Andrius Kulvinskas, 9 February 2015, 06:58 #gold
The start of a new week didn't create much disturbances in currency values, with the main theme still being the strong USD after a stellar NFP last Friday, while the Aussie was lower across the board on China's downbeat trade imports. AUD/USD traded in a tight range between 0.7748 and 0...
Analytics & Forecasts
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Andrius Kulvinskas, 9 February 2015, 06:53
Research Analysts at Nomura, explain that the PBoC favours taking fiscal policy actions rather than changing monetary policy, and see little risks of any FX policy intervention in the near term...
Market News
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Andrius Kulvinskas, 9 February 2015, 06:51
The Atlanta Fed President Dennis Lockhart, who will be amongst the few officials that will vote whether to start raising rates, supported a move as early as June...
Forecasts
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Andrius Kulvinskas, 9 February 2015, 06:46
AUD/USD opened the week on a bearish note and holds losses as the Aussie remains pressured on weak Chinese data and falling copper and precious metal prices. Down from 0.7778 levels Currently, the AUD/USD trades lower by -0.41% at 0...
Currency
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Andrius Kulvinskas, 9 February 2015, 06:43
NZD/USD advanced in the Asian trading, wiping out losses from the previous session, despite downbeat Chinese trade data released over the weekend. Trades above 5-DMA Currently, the NZD/USD traded 0.12% higher on the day at 0.7371, retracing from previously posted day’s high at 0.7378 levels...
Analytics & Forecasts
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Andrius Kulvinskas, 9 February 2015, 06:41
Analysts at Rabobank explained the escalating tensions over a Grexit. Key Quotes: "In Europe we have seen further escalation...
Currency
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Andrius Kulvinskas, 9 February 2015, 06:39 #EUR/USD
According to FX Strategists at RBS, this week's Bank of England Quarterly Inflation Report is expected to provide a dovish broad policy signal...
Forecasts
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Andrius Kulvinskas, 9 February 2015, 06:30 #GBP/USD
Moving Average Convergence/Divergence (MACD) Crossovers The most common way to use the MACD is to buy/sell a currency pair when it crosses the signal line or zero. A sell signal occurs when the MACD falls below the signal line, while a buy signal occurs when the MACD rallies above the signal line...
Trading Systems
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Sergey Golubev, 9 February 2015, 06:11 #Trading Strategies