No Time, No Software, No Experience, No Skill, No Problem! If you have looking for an intelligent way to day trade the stock market. We share our trading plan before the stock market open.
EUR/USD: Neutral: Odds for a move above 1.0870/75 are not high.
The 1.0825/30 level that we have talked about since Thursday was finally met with an overnight high of 1.0825. Shorter-term upward momentum is slowing down and while a move above 1.0825/30 would not be surprising, the odds for a break above last December high of 1.0870/75 are not high. Support is at 1.0745 but only a move back below 1.0715 would indicate that a short-term top is...
EUR/USD: Neutral: Recovery to extend to 1.0825/30.
It took a while but EUR finally managed to move above 1.0800 and hit an overnight high of 1.0819. This level is just below the solid 1.0825/30 resistance and as indicated in recent updates, is unlikely to yield so easily. That said, in view of the strong daily closing yesterday, a move above this level is not ruled out but shorter-term indicators are severely overbought and the odds for...
Southeast Asian stock markets ended little changed in dull trade on Tuesday as investors were cautious ahead of a widely expected interest rate hike by the U.S. Federal Reserve next week amid concerns about President Donald Trump's economic policies.
Fed Chair Janet Yellen has signalled that the central bank might raise interest rates at its next meeting on March 14-15, and may move faster after that than it has in years.
After Janet...
WEEKLY WRAP OF STI
Straits Times Index (STI) opened lower
at 2832.44 on Monday and ended higher to this week by recovering the
gap down at the week start by closing at 2852.84. 3 Days Free Trial Signals
STI came off from
its weekly peak of 2857.39 and low of 2831.10 this week and it keep
on rising in 4 consecutive working days in this week which brought
which recovered the fall on the opening at the starting of this week
on Monday....
STI MARKET REVIEW:
Singapore’s benchmark
Straits Times Index (STI) opened 3.43 points higher or 0.12% on
Thursday morning after the US Federal Reserve raised its short term
interest after 7 years and the market ended higher to 20.26 points or
0.71 percentage higher at 2861.18. STI came off from its intra-day
peak of 2868.27 and low of 2833.57. Market breadth was positive.
Excluding warrants, gainers outnumber decliners 200 to...
The FBM KLCI index lost 10.71 points or
0.65% on Thursday. The Finance Index fell 0.25% to 14107.75 points,
the Properties Index dropped 0.45% to 1180.61 points and the
Plantation Index down 1.22% to 7358.69 points. The market traded
within a range of 12.54 points between an intra-day high of 1661.19
and a low of 1648.65 during the session.
The KLCI extended its losing streak for
the third day after closing lower at 1648.65 points amid overnight
losses in US market. Market sentiment was muted as oil prices
continued to slide.
Market forecast...
GBPUSD
The GBP/USD pair which was initially
falling on Tuesday found enough support at 1.50 level to turn the
things around and formed a rather positive hammer in the end. What
remains to be seen is the direction it takes from here. We are
currently holding no hopes of spikes rather are focusing our time on
identifying selling opportunities. In our opinion, a breakdown below
Tuesdays candle can also be a selling opportunity.
EURUSD
The EUR/USD pair went a notch higher on
Tuesday, shooting through the hammer candle formed...