Something Interesting in Financial Video February 2015 - page 2
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Press review
newdigital, 2015.01.31 15:04
NZD/USD forecast for the week of February 2, 2015, Technical Analysis
The NZD/USD pair initially tried to rally during the course of the week, testing the 0.75 level. That being the case, the market looks as if it’s ready to continue falling, and as a result we are still very bearish. The Royal Bank of New Zealand suggested during an interest-rate meeting that interest rates are not necessarily going to stay where they are, and the cuts are in fact possible. That being the case, it appears that the market should continue to drop from here and head towards the 0.70 handle. That being the case, we remain very bearish of this market but also recognize that it might be easier to trade on the daily charts. However, longer-term traders will probably take selling opportunities as we rally, and with that being the case the market should continue to be bearish.
With that, we should also keep in mind that the Royal Bank of New Zealand has recently stated that the “fair value” of this pair is closer to the 0.68 level, and as a result they will probably get that given enough time. On top of that, you have to keep in mind that the Royal Bank of New Zealand has recently jumped into the Forex markets in order to sell this pair and drag it lower.
With all that being said, you have to keep in mind that the US dollar is the favored currency by far with perhaps the one exception being the Swiss franc, sell this pair should continue to drift lower. In fact, we have to now wonder whether or not we are going to get below the 0.68 handle even. In fact, we should see this pair as one that we can continue to sell again and again every time we rally. Remember, the New Zealand dollar is highly sensitive to commodity markets as well, and of course those are not doing fairly well in general and that should continue to keep the demand for the New Zealand dollar lower going forward at this point.
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newdigital, 2015.01.31 15:26
GBP/USD forecast for the week of February 2, 2015, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the week, but as you can see sold off to form a shooting star. The shooting star is sitting just on top of the 1.50 level though, and that is massively supportive. In fact, we believe that the support goes all the way down to the 1.48 level so it is going to be difficult to break down from here. It’s not that we don’t think it will, it’s just a matter of taking the easiest trades possible. This is not going to be one of them.
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newdigital, 2015.01.31 15:34
EUR/USD forecast for the week of February 2, 2015, Technical Analysis
The EUR/USD pair broke higher during the course of the week, but fell at the 1.14 level to turn things back around and form a little bit of a shooting star. That being the case, we feel that the market is going to continue lower, trying to reach the 1.10 level. Ultimately, we believe that rallies continue to offer selling opportunities, and a break below the 1.10 level probably opened the door way to the 1.00 level in the longer run. We have absolutely no interest in buying this pair although we recognize it has been oversold.
Headlines, Not Data, Driving EUR-Complex
Strategy Video: Volatility Measures Paint a Different Picture than the S&P 500
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Press review
newdigital, 2015.02.07 14:21
Nikkei forecast for the week of February 9, 201 find, Technical Analysis
The Nikkei as you can see initially fell during the course of the week but turned back around below the ¥17,500 level to form a hammer. The hammer of course is very bullish sign, and as a result we believe ultimately this market will form enough bullish pressure to break above the ¥18,000 level. With that, we are bullish and have no interest whatsoever in selling. We believe that the level below should continue to offer buyers, and that this market will ultimately break out and head to the ¥20,000 level.
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newdigital, 2015.02.07 14:22
DAX forecast for the week of February 9, 2015, Technical Analysis
The DAX as you can see broke higher during the course of the week, testing the €11,000 level. Ultimately pulling back though, and forming a shooting star of sorts. This is the second week in a row that we formed a shooting star, so a pullback from here makes a lot of sense. What frankly, we think that there is a lot of support below and it’s very likely that we will see the market test for support and find a supportive candle in order to start buying. On the other hand, if we break the top of the shooting star and clear the €11,000 level, this market should then go much higher.
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newdigital, 2015.02.07 14:23
NASDAQ forecast for the week of February 9, 2015, Technical Analysis
The NASDAQ broke higher during the course of the week, testing the 4800 level as you can see. With that, the market should continue to go higher we can break that level, as we should then head to the 5000 handle. With that being the case, the market looks as if it is ready to test that area and perhaps even go higher than that. We are most certainly in an uptrend, and as a result we are “buy only” at this point in time. We believe that the 4600 level below is in fact supportive.
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newdigital, 2015.02.07 14:25
S&P 500 forecast for the week of February 9, 2015, Technical Analysis
The S&P 500 as you can see broke higher during the course of the week, but struggled to get above the 2060 handle. Because of this, looks like we’re ready to continue consolidating, but we believe that ultimately the market will break higher. In the meantime, expect a lot of sideways action as far as long-term trades are concerned and as a result we have no interest whatsoever in placing a longer-term trade into we break out to a fresh new high. Any trading in this market probably going to be off of shorter-term charts.