Forex News 24 |
- Hang On To This Red-Hot Tech Stock
- Bitcoin analysis for May, 23.2019
- What if Mexico, Canada Join the US in the Trade War with China?
- Intuit Earnings: INTC Stock Unmoved on Earnings, Revenue Beat Intuit Earnings: INTC Stock Unmoved on Earnings, Revenue Beat
- US Dollar Price Action Setups in EUR/USD, USD/CAD and AUD/USD
- 5 of the Best Vanguard Funds to Buy
- US Dollar Price Action Setups in EUR/USD, USD/CAD and AUD/USD
- 5 of the Best Vanguard Funds to Buy
- JPY Crosses Crater Amid Collapsing Market Sentiment
- Thursday Apple Rumors: Apple Registers New iPhone Models
| Hang On To This Red-Hot Tech Stock Posted: 23 May 2019 02:46 PM PDT Hits: 5 Chip stocks took another major hit, leading the tech sector even lower
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| Bitcoin analysis for May, 23.2019 Posted: 23 May 2019 02:12 PM PDT Hits: 10 BTC price has has been trading downside as we expected. BTC tested and rejection of the $7.417. Anyway, we still expecting more downside on the BTC. Red horizontal line – horizontal support Red Horizontal line 2 – horizontal support Red rectangle – Resistance cluster Breakout of symmetrical triangle in the background was the key for the sellers and today BTC is testing the lower diagonal of the triangle. Strong resistance is set at $7.745 and it is good place for short positions. Downward references are set at $7.417 and $7.010. Additionally, we found overbought condition on the Stochastic oscillator. Watch for selling opportunities with the first target at $7.417. The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| What if Mexico, Canada Join the US in the Trade War with China? Posted: 23 May 2019 02:05 PM PDT Hits: 7 Trade War Talking Points:
What if Mexico and Canada Join the United States in the Trade War with China?Progress in the US-China trade war has ground to a halt according to officials from both sides, which has rattled investor sentiment. As each party searches for leverage, some market participants have suggested a united USMCA could band together in an effort to alter uncompetitive Chinese trade practices. While Mexico and Canada carry significantly less sway with the Asian nation than the US, their trade balances are anything but negligible. Data Source: Bloomberg Over the last 10 years, Canada and Mexico have accounted, on average, for 2.43% and 2.96% of China's total exports. During this time, Canada has seen its share of Chinese exports shrink – from 2.6% in 2009 to 2.3% in 2018. On the other hand, Mexico has seen its trade with China climb from 2.43% in 2009 to 3.36% in 2018, as the economic ties between the two countries grow. Together, the three North American nations account for more than 25% of China's total exports. Conversely, the reliance of USMCA members on Chinese demand is quite limited.
Data Source: Bloomberg North American demand for Chinese goods has fluctuated over the last decade, reaching a low of 8.62% in 2011 and a high of 10.83% in 2015. More recently, demand has been trending lower and the total percentage of Chinese imports from USMCA nations slipped to 9.31% in 2018. View A Brief History of Trade Wars for background on economic conflicts like the US-China Trade War. Therefore, the trade relationship between USMCA and China leaves the latter with few retaliatory options. The nation has already had to explore unconventional methods in its economic bout with the United States, so an engagement with a trading bloc that accounts for 26% of trade inflows but only 9% of outflows could weigh significantly on Chinese trade and the economy by extension. But what are the chances the North American nations band together? Currently, the chances are low. The USMCA agreement will first have to be passed by US lawmakers – which is anything but certain. This assumes the removal of metal tariffs was the final barrier for agreement from Mexico and Canada. Beyond that, the United States will have to convince its partners to engage in economic conflict with the world's second largest economy – a tall task. However, there is some precedent for cooperation. Canada and HuaweiOn December 1, Huawei CFO Meng Wanzhou was detained in Canada at the behest of the United States. The detention amounted to another front in the US-China trade war – and dragged Canada into the conflict. Since the detention in late 2018, tensions between Canada and China have been strained as two Canadian nationals faced arrest in China alongside a block on imports of canola seeds from two of Canada's biggest exporters. Early this May, President Trump and Canadian Prime Minister Justin Trudeau talked over the phone to discuss trade. The two reportedly discussed steel and aluminum tariffs, which have since been removed – paving the road to recovery between the two partners. With these developments, Canadian action against China now seems plausible, with multiple reasons for Canada to join forces with the US. Mexico Has Everything to GainWhile Canada has an axe to grind, Mexico could look to make hay while the sun shines. As increased levies make Chinese exports less attractive to US consumers and less profitable for exporters, corporations will search for alternatives. Last week, Walmart announced it will begin analyzing options to shift its supply chain out of China to avoid price increases and others are likely to follow. While many companies will look to shift production elsewhere in Asia, some have chosen to move closer to home.
Data Source: United States Census Bureau Already, companies have begun to open up shop in Mexico – with Hasbro and GoPro as two of the more notable examples. The shifting tides have had an immediate impact on recent trade data. Consequently, Mexico is now the United States' top trading partner in goods according to US Census Bureau data. Further, US imports of Mexican goods rose 10% in 2018 – the most since 2011. That said, the country's best course of action may be to stay off the radar and hope the trend continues. In the year-to-date, USDMXN has slipped -3.3% and the Peso could etch greater gains should exports to the United States continue to climb. While the likelihood that either Mexico or Canada directly engage in the trade war is minor, its impacts can be observed in shifting trade balances and fluctuating currency rates. But, with the Chinese economy hinged to exports, the addition of two import-heavy belligerents could prove an insurmountable obstacle for Xi Jinping and the People's Bank of China – were it to occur. –Written by Peter Hanks, Junior Analyst for DailyFX.com Contact and follow Peter on Twitter @PeterHanksFX Read more: TSLA, Uber Stock Troubles Could Signal Shifting Tech Sentiment DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide. http://platform.twitter.com/widgets.js Can you get prosperous from fx trading? The serve is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is farm in forex 1 symbol canadian, netdania forex, buy increase vantage of the forex scheme indicators, and account the mean fx strategy. We present follow win all.
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| Posted: 23 May 2019 02:03 PM PDT Hits: 5 Intuit (NASDAQ:INTC) reported its quarterly earnings results late today, bringing in a profit and sales that came in ahead of what analysts called for in the Wall Street consensus estimate.
On an adjusted basis, Intuit brought in a profit of $5.55 per share, which was stronger than the Wall Street consensus estimate of $5.40 per share, according to a survey of analysts conducted by FactSet. Revenue tallied up to $3.27 billion, which marked an increase of 12.4% when compared to its third quarter of the previous fiscal year, when it amassed sales of $2.91 billion. Wall Street said it saw the business bringing in revenue of $3.23 billion, according to a survey of analysts compiled by FactSet. For its fiscal 2019, Intuit said it calls for adjusted earnings in the range of $6.67 to $6.69 per share on sales of $6.74 billion to $6.76 billion. Analysts are calling for a fourth-quarter loss of 16 cents per share, as well as earnings of $6.54 per share for the fiscal year on sales of $6.66 billion. INTC stock fluctuated between increasing and decreasing after hours Thursday following the company's quarterly earnings results, ultimately remaining flat in the afternoon despite results that topped Wall Street's expectations. Shares had been gaining 1.2% during regular trading hours. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| US Dollar Price Action Setups in EUR/USD, USD/CAD and AUD/USD Posted: 23 May 2019 02:00 PM PDT Hits: 9 US Dollar Price Action Talking Points
US Dollar False Break – Bearish EngulfingIt's been a wild day in the US Dollar, as the currency started the US session with a push up to a fresh two-year-high. But, that theme of strength did not last for long, as a poor PMI report released at 9:45 AM brought out the bears and, at this point, sellers remain in-control of near-term price action. On the Daily chart, the US Dollar is now working on a bearish engulfing pattern after a failed breakout at the two-year-high, and this can bring interest to short-side themes in the US Dollar. US Dollar Daily Price ChartChart prepared by James Stanley Stocks Rocked as Risk Aversion Creeps Back InGoing along with USD-volatility has been a volatile backdrop in global risk markets, perhaps best illustrated in US stocks that have put in a very bearish day of price action so far. While there are a number of bearish factors in the backdrop, the item that really stands out here is FOMC policy stance. The S&P 500 began to reverse earlier this month on the heels of the FOMC rate decision as the bank wasn't quite as dovish as what market participants had been expecting. That weakness lasted through the first half of May as 50% of the March-April rally was taken-out. But, once support at 97.04 played in, prices rallied and continued to do so into this week. But yesterday's FOMC minutes echoed that earlier-month lack of dovishness at the Fed, and similar to S&P price action on May 1, prices have been selling-off in the aftermath. At this point, the S&P 500 is testing an interesting level of support around the 2810 level on the chart. A hold here keeps the door open for bullish reversals but, should this area give way, focus can quickly move back to the short-side of the theme. S&P 500 Four-Hour Price Chart
Chart prepared by James Stanley EUR/USD False Breakout, Buyers Push Rally Back into Prior SupportIt's been a rough day for EUR/USD bears as prices did technically put in a fresh multi-year low. But, there wasn't much run-lower and prices quickly reversed back into a key area on the chart. European Parliamentary elections going into this weekend could keep the pair on the move, and the Euro carries significant risk for gaps as those elections run through Sunday. If you're looking for a primer on this theme, our own Dmitri Zabelin has produced an excellent write-up on the matter entitled, EURUSD at Risk on 2019 European Parliamentary Elections. EUR/USD Four-Hour Price Chart
Chart prepared by James Stanley GBP/USD: Mayhem, Beware of Bear TrapsPrices in GBP/USD have continued to sell-off into today as a series of risk factors remain around the UK. At this point, no one really knows how Brexit is going to shape up and it looks as though we're not even sure who will be leading the UK through this theme in the coming months. Nonetheless, an oversold GBP/USD has caught a bid to go along with the US Dollar's pullback and, at this point, lower-high resistance is showing around prior support. This may be a bear trap scenario, and traders looking to on-load short-side Sterling exposure may want to wait for a deeper retracement before plotting strategy-lower. GBP/USD Eight-Hour Price Chart
Chart prepared by James Stanley USD/CAD: Vigorous Bounce Inside of the RangeI had looked at this one earlier this morning as USD/CAD was hard-charging towards the 1.3500 resistance that's held the highs over the past month. The notable item here was the support reaction yesterday, when USD/CAD tipped-below the 1.3361 Fibonacci level on the chart. At this point, range strategies remain a workable theme and, as discussed earlier today, there is scope for bullish strategies should the backdrop line up for such. USD/CAD Four-Hour Price Chart
Chart prepared by James Stanley USD/JPY Highlights Risk AversionGoing along with the theme of increasing risk aversion, Yen-strength has remained around the US Dollar even as DXY was pushing up to fresh two-year highs today. At this point, price action in the pair is at a tough spot on the chart, having traded through the psychological 110.00 level. This will likely need a bit of fill-in before either bearish or bullish scenarios can become attractive again. Perhaps the closest next theme of interest is a pullback to resistance in the prior support zone that runs from 109.67-110.00. USD/JPY Four-Hour Price Chart
Chart prepared by James Stanley AUD/USD Recovery?It's been a brutal two-week stretch for AUD/USD. The pair broke below the .7000 handle and did not stop. Prices finally found a semblance of support around the 76.4 and 78.6% retracements of the 2019 major move. I had looked into this scenario on Monday and, at this point, the lows have held and the door may soon be opening to bullish strategies in the pair. AUD/USD Hourly Price Chart
Chart prepared by James Stanley NZD/USD Attempting to Hold the LowsSimilar theme in NZD/USD as looked at above in AUD/USD. The big area of interest here is the .6500 handle, and a hold of short-term higher-low support can soon re-open the door to bullish strategies in the pair; particularly for those looking to work with short-side USD scenarios on the basis of the bearish engulfing candlestick on today's price action. NZD/USD Hourly Price Chart
Chart prepared by James Stanley Gold Rallies Up to Key Fib – Now WhatRisk aversion is running, the Dollar is dropping and Gold is rallying. Bulls have come back into the yellow metal and resistance has showed at a key area on the chart of 1286.38, which is the 61.8% retracement of the 2013-2015 major move. At this point, support around prior resistance could open the door for bullish trend scenarios. The area looked at in the webinar spans from the approximate 1277.50 up to the 1280.50 area of prior support. Gold Price Two-Hour Chart
Chart prepared by James Stanley Oil Crushed – Fib in Play – Reversal PotentialIt can be very difficult to get bullish on a market like Crude Oil that's just been shell-shocked to a fresh three-month-low. But – selling at this point could be a challenge given the size of the move thus far and the proximity to recent swing-highs. On the long-side, however, support has come-in at a key Fibonacci level that had previously helped to hold resistance. The price of 57.47 is the 38.2% retracement of the 2016-2018 major move and since breaking-above in March, price action has yet to test this level for support. Crude Oil Eight-Hour Price Chart
Chart prepared by James Stanley Dow Drop Closes In on Four-Month Lows at Key FibStocks have been on offer over the past two days, getting some additional short-side run after yesterday's FOMC minutes release. At this point, price action is fast approaching a key area on the chart at 25,266, which is the 14.4% retracement of the 2015-2018 major move. This same price helped to hold the lows in March and again in early-May. A hold of higher-lows around that level keeps the door open for reversal strategies: A break-below, however, opens the door for short-side breakouts targeting the 25k psychological level. Dow Jones Four-Hour Price Chart
Chart prepared by James Stanley DAX Tests Confluent Support: Can Bulls Hold the Line?Similar backdrop here as DAX weakness has shown prominently so far today. Prices are at a key area of confluence on the chart. A hold keeps the door open for bullish reversals: A break-below opens the door for bearish breakouts. DAX Daily Price Chart
Chart prepared by James Stanley To read more:Are you looking for longer-term analysis on the U.S. Dollar? Our DailyFX Forecasts have a section for each major currency, and we also offer a plethora of resources on Gold or USD-pairs such as EUR/USD, GBP/USD, USD/JPY, AUD/USD. Traders can also stay up with near-term positioning via our IG Client Sentiment Indicator. Forex Trading Resources DailyFX offers an abundance of tools, indicators and resources to help traders. For those looking for trading ideas, our IG Client Sentiment shows the positioning of retail traders with actual live trades and positions. Our trading guides bring our DailyFX Quarterly Forecasts and our Top Trading Opportunities; and our real-time news feed has intra-day interactions from the DailyFX team. And if you're looking for real-time analysis, our DailyFX Webinars offer numerous sessions each week in which you can see how and why we're looking at what we're looking at. If you're looking for educational information, our New to FX guide is there to help new(er) traders while our Traits of Successful Traders research is built to help sharpen the skill set by focusing on risk and trade management. — Written by James Stanley, Strategist for DailyFX.com Contact and follow James on Twitter: @JStanleyFX http://platform.twitter.com/widgets.js Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
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| 5 of the Best Vanguard Funds to Buy Posted: 23 May 2019 01:26 PM PDT Hits: 9 Another year, another batch of jaw-dropping inflows to Vanguard exchange-traded funds (ETFs) and index funds. Focusing on ETFs for a moment, as of May 17, Vanguard had $983.21 billion in U.S. ETF assets under management, making it the second-largest domestic ETF sponsor and putting it within spitting distance of joining BlackRock, Inc. (NYSE:BLK) in the $1 trillion club. At current ETF asset levels, Vanguard is more than 50% larger than the third-largest U.S. issuer. Year-to-date, four of the top 10 ETFs in terms of new assets added are Vanguard funds. Making Vanguard funds all the more alluring to advisors and investors is the firm's commitment to low costs. In fact, the Pennsylvania-based fund giant recently trimmed the fees on 21 of its ETFs, including some highly popular fare. Vanguard funds are spread across multiple asset classes, including domestic and international equities, various fixed income segments, real estate and some factor-based strategies. So when it comes to Vanguard funds, there is usually something for nearly every type of investor. Here are some of the best Vanguard funds for investors to consider right now. Vanguard Total International Bond ETF (BNDX)Expense ratio: 0.09% per year, or $9 on a $10,000 investment. As is the case with stocks, investors tend to have a home country bias when it comes to bonds. That bias can prevent investors from realizing compelling ex-US opportunities with Vanguard funds, such as the Vanguard Total International Bond ETF (NASDAQ:BNDX). Among Vanguard funds, BNDX does not grab many headlines, but this year, investors are waking up to this ETF's story. Year-to-date, BNDX has added $3.61 billion in new assets, a total surpassed by just nine other ETFs. More importantly, this Vanguard fund is proving to be a star among bond ETFs in 2019. BNDX is beating the widely followed, domestically-focused Bloomberg Barclays U.S. Aggregate Index by almost 100 basis points this year. BNDX tracks the Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index and holds nearly 5,800 bonds with an average duration of 7.8 years. All of this Vanguard fund's holdings have ratings ranging from Baa to Aaa, meaning credit risk is minimal. Vanguard ESG International Stock ETF (VSGX)Expense ratio: 0.15% Last year, Vanguard made its foray into the world of environmental, social and governance (ESG) ETFs with two products, including the Vanguard ESG International Stock ETF (CBOE:VSGX). This Vanguard fund takes a traditional approach to virtuous investing. VSGX "specifically excludes stocks of companies in the following industries: adult entertainment, alcohol and tobacco, weapons, fossil fuels, gambling, and nuclear power," according to Vangaurd. While there are larger ESG ETFs, this Vanguard fund is proving the "Vanguard effect" is meaningful in the ESG space. VSGX debuted last September and already has $266.2 million in assets under management, making it one of the larger international funds in this category. VSGX holds a mix of developed and emerging market equities with the latter representing 19.40% of the fund's weight. Developed European markets account for nearly 42% of this Vanguard fund's geographic exposure. Vanguard Dividend Appreciation ETF (VIG)Expense ratio: 0.08% The Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) is the largest U.S. dividend ETF and has attained that lofty status for multiple reasons, including an index methodology that includes only stocks with at least 10 consecutive years of dividend increases and a reputation for being one of the cheaper dividend funds on the market. "This strategy focuses on dividend growth rather than dividend yield," said Morningstar in a recent note. "This approach reduces the fund's exposure to firms with weak fundamentals that may not be able to sustain their dividend payments, which is a risk that often accompanies a narrow focus on yield. The fund builds its portfolio by selecting only among stocks that have increased their dividend payment for at least 10 consecutive years. This stringent hurdle restricts the fund to holding highly profitable firms with shareholder-friendly management teams that have consistently raised dividend payments." VIG holds 183 stocks, nearly 48% of which are industrial or consumer staples stocks. With domestic dividends growing this year, but a moderated pace compared to recent years, VIG is an ideal Vanguard fund for investors looking for quality dividend growth. Vanguard Emerging Markets Government Bond ETF (VWOB)Expense ratio: 0.30% Emerging markets debt is an ideal asset class for income-hungry investors looking for exposure to developing economies with lower risk than equities. The Vanguard Emerging Markets Government Bond ETF (NASDAQ:VWOB) has a 30-day SEC yield of 4.47%, more than double the dividend yield on the MSCI Emerging Markets Index, and this Vanguard fund is outperforming the major emerging markets ETFs this year. VWOB holds 834 bonds with an average duration of 7.2 years. There is some credit risk with this Vanguard fund as over 30% of VWOB's reside toward the lower end of the investment-grade spectrum and nearly 48% carry non-investment grade ratings. Some of that risk is tempered by an almost 17% weight to China, a country that is unlikely to see its credit rating downgraded anytime soon. This Vanguard fund could prove durable over the medium-term as the Federal Reserve holds off on raising interest rates and emerging markets currencies firm. Several of VWOB's largest country weights, excluding Mexico, are candidates to lower interest rates, which adds to the case for this Vanguard fund. Vanguard Mid-Cap ETF (VO)Expense ratio: 0.04% With its annual fee of just 0.04%, the Vanguard Mid-Cap ETF (NYSEARCA:VO) is one of the cheapest mid-cap ETFs on the market. Mid-cap stocks are usually defined as those names with market values of $2 billion to $10 billion, though some money managers stretch that to $15 billion. Historical data confirm the efficacy of owning mid-cap stocks. "Since the Russell Midcap index started in 1979, midcaps have outperformed small-cap stocks on every rolling 10-year period, and they beat small- and midcap stocks combined 90% of the time. Midcap stocks outperform large stocks 73% of the time," according to Pensions & Investments. VO holds 369 stocks with a median market value of $15.6 billion, putting the Vanguard fund at the higher end of mid-cap territory. About 57% of the fund's weight is allocated to just three sectors – financial services, industrials and technology. Todd Shriber does not own any of the aforementioned securities. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| US Dollar Price Action Setups in EUR/USD, USD/CAD and AUD/USD Posted: 23 May 2019 01:23 PM PDT Hits: 0 US Dollar Price Action Talking Points
US Dollar False Break – Bearish EngulfingIt's been a wild day in the US Dollar, as the currency started the US session with a push up to a fresh two-year-high. But, that theme of strength did not last for long, as a poor PMI report released at 9:45 AM brought out the bears and, at this point, sellers remain in-control of near-term price action. On the Daily chart, the US Dollar is now working on a bearish engulfing pattern after a failed breakout at the two-year-high, and this can bring interest to short-side themes in the US Dollar. US Dollar Daily Price Chart
Chart prepared by James Stanley Stocks Rocked as Risk Aversion Creeps Back InGoing along with USD-volatility has been a volatile backdrop in global risk markets, perhaps best illustrated in US stocks that have put in a very bearish day of price action so far. While there are a number of bearish factors in the backdrop, the item that really stands out here is FOMC policy stance. The S&P 500 began to reverse earlier this month on the heels of the FOMC rate decision as the bank wasn't quite as dovish as what market participants had been expecting. That weakness lasted through the first half of May as 50% of the March-April rally was taken-out. But, once support at 97.04 played in, prices rallied and continued to do so into this week. But yesterday's FOMC minutes echoed that earlier-month lack of dovishness at the Fed, and similar to S&P price action on May 1, prices have been selling-off in the aftermath. At this point, the S&P 500 is testing an interesting level of support around the 2810 level on the chart. A hold here keeps the door open for bullish reversals but, should this area give way, focus can quickly move back to the short-side of the theme. S&P 500 Four-Hour Price Chart
Chart prepared by James Stanley EUR/USD False Breakout, Buyers Push Rally Back into Prior SupportIt's been a rough day for EUR/USD bears as prices did technically put in a fresh multi-year low. But, there wasn't much run-lower and prices quickly reversed back into a key area on the chart. European Parliamentary elections going into this weekend could keep the pair on the move, and the Euro carries significant risk for gaps as those elections run through Sunday. If you're looking for a primer on this theme, our own Dmitri Zabelin has produced an excellent write-up on the matter entitled, EURUSD at Risk on 2019 European Parliamentary Elections. EUR/USD Four-Hour Price Chart
Chart prepared by James Stanley GBP/USD: Mayhem, Beware of Bear TrapsPrices in GBP/USD have continued to sell-off into today as a series of risk factors remain around the UK. At this point, no one really knows how Brexit is going to shape up and it looks as though we're not even sure who will be leading the UK through this theme in the coming months. Nonetheless, an oversold GBP/USD has caught a bid to go along with the US Dollar's pullback and, at this point, lower-high resistance is showing around prior support. This may be a bear trap scenario, and traders looking to on-load short-side Sterling exposure may want to wait for a deeper retracement before plotting strategy-lower. GBP/USD Eight-Hour Price Chart
Chart prepared by James Stanley USD/CAD: Vigorous Bounce Inside of the RangeI had looked at this one earlier this morning as USD/CAD was hard-charging towards the 1.3500 resistance that's held the highs over the past month. The notable item here was the support reaction yesterday, when USD/CAD tipped-below the 1.3361 Fibonacci level on the chart. At this point, range strategies remain a workable theme and, as discussed earlier today, there is scope for bullish strategies should the backdrop line up for such. USD/CAD Four-Hour Price Chart
Chart prepared by James Stanley USD/JPY Highlights Risk AversionGoing along with the theme of increasing risk aversion, Yen-strength has remained around the US Dollar even as DXY was pushing up to fresh two-year highs today. At this point, price action in the pair is at a tough spot on the chart, having traded through the psychological 110.00 level. This will likely need a bit of fill-in before either bearish or bullish scenarios can become attractive again. Perhaps the closest next theme of interest is a pullback to resistance in the prior support zone that runs from 109.67-110.00. USD/JPY Four-Hour Price Chart
Chart prepared by James Stanley AUD/USD Recovery?It's been a brutal two-week stretch for AUD/USD. The pair broke below the .7000 handle and did not stop. Prices finally found a semblance of support around the 76.4 and 78.6% retracements of the 2019 major move. I had looked into this scenario on Monday and, at this point, the lows have held and the door may soon be opening to bullish strategies in the pair. AUD/USD Hourly Price Chart
Chart prepared by James Stanley NZD/USD Attempting to Hold the LowsSimilar theme in NZD/USD as looked at above in AUD/USD. The big area of interest here is the .6500 handle, and a hold of short-term higher-low support can soon re-open the door to bullish strategies in the pair; particularly for those looking to work with short-side USD scenarios on the basis of the bearish engulfing candlestick on today's price action. NZD/USD Hourly Price Chart
Chart prepared by James Stanley Gold Rallies Up to Key Fib – Now WhatRisk aversion is running, the Dollar is dropping and Gold is rallying. Bulls have come back into the yellow metal and resistance has showed at a key area on the chart of 1286.38, which is the 61.8% retracement of the 2013-2015 major move. At this point, support around prior resistance could open the door for bullish trend scenarios. The area looked at in the webinar spans from the approximate 1277.50 up to the 1280.50 area of prior support. Gold Price Two-Hour Chart
Chart prepared by James Stanley Oil Crushed – Fib in Play – Reversal PotentialIt can be very difficult to get bullish on a market like Crude Oil that's just been shell-shocked to a fresh three-month-low. But – selling at this point could be a challenge given the size of the move thus far and the proximity to recent swing-highs. On the long-side, however, support has come-in at a key Fibonacci level that had previously helped to hold resistance. The price of 57.47 is the 38.2% retracement of the 2016-2018 major move and since breaking-above in March, price action has yet to test this level for support. Crude Oil Eight-Hour Price Chart
Chart prepared by James Stanley Dow Drop Closes In on Four-Month Lows at Key FibStocks have been on offer over the past two days, getting some additional short-side run after yesterday's FOMC minutes release. At this point, price action is fast approaching a key area on the chart at 25,266, which is the 14.4% retracement of the 2015-2018 major move. This same price helped to hold the lows in March and again in early-May. A hold of higher-lows around that level keeps the door open for reversal strategies: A break-below, however, opens the door for short-side breakouts targeting the 25k psychological level. Dow Jones Four-Hour Price Chart
Chart prepared by James Stanley DAX Tests Confluent Support: Can Bulls Hold the Line?Similar backdrop here as DAX weakness has shown prominently so far today. Prices are at a key area of confluence on the chart. A hold keeps the door open for bullish reversals: A break-below opens the door for bearish breakouts. DAX Daily Price Chart
Chart prepared by James Stanley To read more:Are you looking for longer-term analysis on the U.S. Dollar? Our DailyFX Forecasts have a section for each major currency, and we also offer a plethora of resources on Gold or USD-pairs such as EUR/USD, GBP/USD, USD/JPY, AUD/USD. Traders can also stay up with near-term positioning via our IG Client Sentiment Indicator. Forex Trading Resources DailyFX offers an abundance of tools, indicators and resources to help traders. For those looking for trading ideas, our IG Client Sentiment shows the positioning of retail traders with actual live trades and positions. Our trading guides bring our DailyFX Quarterly Forecasts and our Top Trading Opportunities; and our real-time news feed has intra-day interactions from the DailyFX team. And if you're looking for real-time analysis, our DailyFX Webinars offer numerous sessions each week in which you can see how and why we're looking at what we're looking at. If you're looking for educational information, our New to FX guide is there to help new(er) traders while our Traits of Successful Traders research is built to help sharpen the skill set by focusing on risk and trade management. — Written by James Stanley, Strategist for DailyFX.com Contact and follow James on Twitter: @JStanleyFX
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| 5 of the Best Vanguard Funds to Buy Posted: 23 May 2019 12:47 PM PDT Hits: 1 Another year, another batch of jaw-dropping inflows to Vanguard exchange-traded funds (ETFs) and index funds. Focusing on ETFs for a moment, as of May 17, Vanguard had $983.21 billion in U.S. ETF assets under management, making it the second-largest domestic ETF sponsor and putting it within spitting distance of joining BlackRock, Inc. (NYSE:BLK) in the $1 trillion club. At current ETF asset levels, Vanguard is more than 50% larger than the third-largest U.S. issuer. Year-to-date, four of the top 10 ETFs in terms of new assets added are Vanguard funds. Making Vanguard funds all the more alluring to advisors and investors is the firm's commitment to low costs. In fact, the Pennsylvania-based fund giant recently trimmed the fees on 21 of its ETFs, including some highly popular fare. Vanguard funds are spread across multiple asset classes, including domestic and international equities, various fixed income segments, real estate and some factor-based strategies. So when it comes to Vanguard funds, there is usually something for nearly every type of investor. Here are some of the best Vanguard funds for investors to consider right now. Vanguard Total International Bond ETF (BNDX)Expense ratio: 0.09% per year, or $9 on a $10,000 investment. As is the case with stocks, investors tend to have a home country bias when it comes to bonds. That bias can prevent investors from realizing compelling ex-US opportunities with Vanguard funds, such as the Vanguard Total International Bond ETF (NASDAQ:BNDX). Among Vanguard funds, BNDX does not grab many headlines, but this year, investors are waking up to this ETF's story. Year-to-date, BNDX has added $3.61 billion in new assets, a total surpassed by just nine other ETFs. More importantly, this Vanguard fund is proving to be a star among bond ETFs in 2019. BNDX is beating the widely followed, domestically-focused Bloomberg Barclays U.S. Aggregate Index by almost 100 basis points this year. BNDX tracks the Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index and holds nearly 5,800 bonds with an average duration of 7.8 years. All of this Vanguard fund's holdings have ratings ranging from Baa to Aaa, meaning credit risk is minimal. Vanguard ESG International Stock ETF (VSGX)Expense ratio: 0.15% Last year, Vanguard made its foray into the world of environmental, social and governance (ESG) ETFs with two products, including the Vanguard ESG International Stock ETF (CBOE:VSGX). This Vanguard fund takes a traditional approach to virtuous investing. VSGX "specifically excludes stocks of companies in the following industries: adult entertainment, alcohol and tobacco, weapons, fossil fuels, gambling, and nuclear power," according to Vangaurd. While there are larger ESG ETFs, this Vanguard fund is proving the "Vanguard effect" is meaningful in the ESG space. VSGX debuted last September and already has $266.2 million in assets under management, making it one of the larger international funds in this category. VSGX holds a mix of developed and emerging market equities with the latter representing 19.40% of the fund's weight. Developed European markets account for nearly 42% of this Vanguard fund's geographic exposure. Vanguard Dividend Appreciation ETF (VIG)Expense ratio: 0.08% The Vanguard Dividend Appreciation ETF (NYSEARCA:VIG) is the largest U.S. dividend ETF and has attained that lofty status for multiple reasons, including an index methodology that includes only stocks with at least 10 consecutive years of dividend increases and a reputation for being one of the cheaper dividend funds on the market. "This strategy focuses on dividend growth rather than dividend yield," said Morningstar in a recent note. "This approach reduces the fund's exposure to firms with weak fundamentals that may not be able to sustain their dividend payments, which is a risk that often accompanies a narrow focus on yield. The fund builds its portfolio by selecting only among stocks that have increased their dividend payment for at least 10 consecutive years. This stringent hurdle restricts the fund to holding highly profitable firms with shareholder-friendly management teams that have consistently raised dividend payments." VIG holds 183 stocks, nearly 48% of which are industrial or consumer staples stocks. With domestic dividends growing this year, but a moderated pace compared to recent years, VIG is an ideal Vanguard fund for investors looking for quality dividend growth. Vanguard Emerging Markets Government Bond ETF (VWOB)Expense ratio: 0.30% Emerging markets debt is an ideal asset class for income-hungry investors looking for exposure to developing economies with lower risk than equities. The Vanguard Emerging Markets Government Bond ETF (NASDAQ:VWOB) has a 30-day SEC yield of 4.47%, more than double the dividend yield on the MSCI Emerging Markets Index, and this Vanguard fund is outperforming the major emerging markets ETFs this year. VWOB holds 834 bonds with an average duration of 7.2 years. There is some credit risk with this Vanguard fund as over 30% of VWOB's reside toward the lower end of the investment-grade spectrum and nearly 48% carry non-investment grade ratings. Some of that risk is tempered by an almost 17% weight to China, a country that is unlikely to see its credit rating downgraded anytime soon. This Vanguard fund could prove durable over the medium-term as the Federal Reserve holds off on raising interest rates and emerging markets currencies firm. Several of VWOB's largest country weights, excluding Mexico, are candidates to lower interest rates, which adds to the case for this Vanguard fund. Vanguard Mid-Cap ETF (VO)Expense ratio: 0.04% With its annual fee of just 0.04%, the Vanguard Mid-Cap ETF (NYSEARCA:VO) is one of the cheapest mid-cap ETFs on the market. Mid-cap stocks are usually defined as those names with market values of $2 billion to $10 billion, though some money managers stretch that to $15 billion. Historical data confirm the efficacy of owning mid-cap stocks. "Since the Russell Midcap index started in 1979, midcaps have outperformed small-cap stocks on every rolling 10-year period, and they beat small- and midcap stocks combined 90% of the time. Midcap stocks outperform large stocks 73% of the time," according to Pensions & Investments. VO holds 369 stocks with a median market value of $15.6 billion, putting the Vanguard fund at the higher end of mid-cap territory. About 57% of the fund's weight is allocated to just three sectors – financial services, industrials and technology. Todd Shriber does not own any of the aforementioned securities. 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| JPY Crosses Crater Amid Collapsing Market Sentiment Posted: 23 May 2019 12:45 PM PDT Hits: 7 JAPANESE YEN – TALKING POINTSRisk assets are under immense pressure so far during Thursday trading session as market participants grow increasingly skeptical over global growth prospects. The latest anti-risk move has sent forex traders seeking safety in the Japanese Yen while equities around the world spiral lower and oil prices plunge. Bids for havens was sparked by dismal economic data out of Europe and the US which coupled with fears over the impact of an ongoing trade war uncertainty. The dramatic jolt of pessimism is clearly illustrated among JPY currency crosses with USDJPY, EURJPY, AUDJPY, GBPJPY and CADJPY all taking a nosedive. USDJPY PRICE CHART VS EURJPY, AUDJPY, GBPJPY & CADJPY: 5-MINUTE TIME FRAME (MAY 23, 2019 INTRADAY)The Canadian Dollar is the worst performing major currency against the Japanese Yen as the loonie swoons in response to collapsing oil prices on the back of slowing global growth. The Pound Sterling has also come under a considerable amount of pressure as the Brexit latest weighs negatively on GBP. As for the greenback, a bleak US PMI report released earlier exacerbated USD weakness against the Yen with the Euro following suit. Meanwhile, the Aussie continues to drift lower on RBA rate cut bets and trade war risk. JAPANESE YEN CURRENCY INDEX: DAILY TIME FRAME (DECEMBER 06, 2018 TO MAY 23, 2019)
On balance, the Yen is on track to post its biggest daily gain since the January flash crash measured by the Japanese Yen Currency Index (JXY). The Yen rally could lose steam over the short-term, however, as spot FX rates approach technical levels that have potential to provide support for JPY counterparts. Although, if the recent flareup in risk trends intensifies, Japanese Yen bulls could remain in charge of forex price action. – Written by Rich Dvorak, Junior Analyst for DailyFX – Follow @RichDvorakFX on Twitter http://platform.twitter.com/widgets.js Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
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| Thursday Apple Rumors: Apple Registers New iPhone Models Posted: 23 May 2019 12:11 PM PDT Hits: 5 Leading the Apple (NASDAQ:AAPL) rumor mill today is news of upcoming 2019 iPhone models. Today, we'll look at that and other Apple Rumors for Thursday.
OLED Screens: A new rumor says that Samsung is going to be supply Apple with more OLED screens, AppleInsider notes. The rumor claims that Samsung will supply OLED screens for a new version of the 16-inch MacBook Pro. It doesn't just stop there. This rumor also asserts that Samsung will also be providing AAPL with OLED screens for use in new versions of the iPad Pro. China Trade War: Changes are underway as the trade war between the U.S. and China heats up, reports 9to5Mac. Recent rumors are claiming that production of some Apple devices are going to be moving outside of China as early as next month. The rumor says that these will be AAPL devices that are made by Pegatron. This will have it making new MacBook and iPad devices in Indonesia. As of this writing, William White did not hold a position in any of the aforementioned securities. Article printed from InvestorPlace Media, https://investorplace.com/2019/05/apple-registers-new-iphone-models/. ©2019 InvestorPlace Media, LLC Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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