Forex News 24 |
- Technical analysis for EURUSD for May 24, 2019
- Trade War Weighs on Chinese Tech Stocks, Emerging Markets
- 4 Top Stock Trades for Tuesday: ROKU, ADSK, SPLK, NVS
- 10 Memorial Day Quotes to Honor Those Who Died in Service 10 Memorial Day Quotes to Honor Those Who Died in Service
- Memorial Day Travel 2019: The Best and Worst Times to Drive Memorial Day Travel 2019: The Best and Worst Times to Drive
- Bullish Wave 3 Could Carry to 1.35
- Bullish Wave 3 Could Carry to 1.35
- Right Investment, Perfect time [free eBook]
- Not Even a Trade War Can Stop Amazon Stock
- Bitcoin analysis for May, 24.2019
| Technical analysis for EURUSD for May 24, 2019 Posted: 24 May 2019 02:29 PM PDT Hits: 5 After an impressive 4 hour reversal candle pattern yesterday, EURUSD is now moving higher confirming our bullish expectations as we noted in our last analysis. We singled out the long bullish candlestick yesterday and we said that this was a reversal pattern. A follow through would be bullish for EURUSD. Red line – resistance trend line Red rectangle – bullish reversal 4 hour candlestick pattern EURUSD is trading above 1.12 today near the week highs. Having started the week on a weak note, yesterday’s 4 hour candle inside the red rectangle was a clear sign of reversal. There are many chances that a major low is in for EURUSD. However in order to be sure, we will need price to break and stay above 1.1260. Resistance is found at 1.1230 at the upper channel boundary also shown by the red line in the chart above. Previous high at 1.1260 is also important resistance so clearing both of these levels will open the way for a much bigger bounce. 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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| Trade War Weighs on Chinese Tech Stocks, Emerging Markets Posted: 24 May 2019 02:14 PM PDT Hits: 7 Trade War Weighs on Chinese Tech Stocks, Emerging Markets:Trade War Weighs on Chinese Tech Stocks, Emerging MarketsChinese equities have faced significant pressure this week after the US-China trade war took a turn into the technology sector. With Huawei under fire from the United States, both US and Chinese tech stocks have displayed weakness as investors weigh the risk of retaliation alongside the immediate impact to the industry. Outside the direct hit to Huawei, component providers ranging from Microsoft to Micron have had their outlooks altered. The impending product ban has seen domestic tech stocks trade lower alongside their Chinese counterparts, weighing on the Shanghai Composite and by extension – emerging markets. Chinese Large Caps SufferChinese internet provider Baidu is among the largest losers, trading 13% lower since July 2018 when the initial tariffs were placed on China. Tencent and Alibaba have also fallen under pressure and are responsible for a sizable portion of the EEM emerging market ETF. The two Chinese tech companies are the first and second largest holdings of single stocks in the EEM ETF at 4.79% and 4.08% respectively. According to iShares, China accounts for 31.37% of the EEM ETF
With that in mind, the weight commanded by a few Chinese heavy-weights has translated to weakness in the emerging markets ETF, EEM, which is down -6.8% since July 2018. The FXI ETF, which tracks the 50 largest Chinese stocks traded on the Hong Kong Stock Exchange, has faced a similar fate – down roughly -7%. Shanghai Composite Overlaid with Large Cap Chinese Stocks and the Emerging Markets ETF
Interestingly, the Shanghai Composite has been able to climb during the same timeframe, up 2.8% since July 1. That said, it could be argued that large-cap Chinese stocks have born the brunt of the trade war impact as they have greater exposure to the United States and are thereby responsible for the Shanghai Composite's lackluster return and the weakness in emerging markets. However, when looking at the return for other highly-weighted EEM members, South Korea is an even more egregious laggard. S&P 500 Overlaid with the Relative Performance of Single-Country Funds to the EEM ETF
Although it is not directly in the crosshairs, equity performance would suggest South Korea has been hit in the crossfire of the US-China trade war. A slump in semiconductor demand and deteriorating economic data has seen the EWY ETF, a fund that grants exposure to South Korean equities, trade -18.2% lower in the year-to-date. Further, the EWY offers the worst relative performance to the EEM ETF when compared to other highly weighted countries. Given its proximity and degree of trade with China, South Korea is likely feeling the pain of slowing Chinese growth – which could accelerate as the trade war drags on. In the week ahead, further commentary on the trade war will be offered by the release of US advance goods trade balance on Thursday alongside the second print of US GDP. Also, due next week is Chinese manufacturing data on Friday. A poor print could see the weakness in Chinese stocks become more widespread and reflected in the Shanghai Composite, as much of the FXI ETF is made up of technology and financial stocks. –Written by Peter Hanks, Junior Analyst for DailyFX.com Contact and follow Peter on Twitter @PeterHanksFX Read more: Will the Stock Market Crash in 2019? 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 comfortable from fx trading? The solvent is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is spread in forex 1 clam river, netdania forex, traverse ladened plus of the forex system indicators, and modify the program fx strategy. We testament win win all.
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| 4 Top Stock Trades for Tuesday: ROKU, ADSK, SPLK, NVS Posted: 24 May 2019 01:46 PM PDT Hits: 6 It was a quiet trading session on Friday, with U.S. stocks rising modestly ahead of a three-day holiday weekend. Will we see more selling pressure next week or will positive trade talk give stocks a lift? When one tweet can move the market, it's impossible to say. So let's look at a few top stock trades out there. Top Stock Trades for Tomorrow No. 1: Roku
We've been pounding the table on Roku, calling it a buy in Q4 and Q1. Now it's almost up to $100 a share. Should you get long now? No. Shares are up more than 70% in about five weeks. It has almost quadrupled from its December lows (not that it deserved to be that low in the first place). But the point is still the same: you've missed the boat. I love ROKU over the long term, but to think that we won't see sub-$95 prices again is absurd. With the stock overbought in the short-term and coming into possible resistance, hedging and/or taking some profits doesn't seem like a bad idea at this point … at least until lower prices come around. Top Stock Trades for Tomorrow No. 2: Splunk
Aggressive bulls who feel compelled to go long SPLK stock can do so against Friday's low. I would love a lower open near the 200-day on Tuesday that quickly reclaims Friday's close and goes green. Preferably, SPLK would also reclaim the 50% retracement at $120.78 in the process. If it falls under Friday's low, SPLK can go even lower. On a rally, we need to see if it can climb back to Friday's highs near $130, and/or the 20-day and 50-day moving averages. Top Stock Trades for Tomorrow No. 3: Autodesk
Below $155.56 — the 38.2% retracement — aggressive bulls who are getting long on Friday's decline may want to consider stepping out. It would put ADSK below several key support levels and suggest that sellers have not yet exhausted themselves. In that case, look for a possible test of the 200-day. Reclaiming the 50-day would repair some of the damage, but beware that this level may act as resistance. That would give short-sellers an entry, with a retest of the $158 area in mind. Top Stock Trades for Tomorrow No. 4: Novartis
The move has NVS hitting new highs in Friday's session. The stock has been largely limited by channel resistance and buoyed by channel support. As it hits channel resistance, we'll have to watch to see if NVS will break out to a new range, or be limited in upside as a result. As long as $84.50 to $85 holds as support, NVS looks good to buy on the dips. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. http://platform.twitter.com/widgets.js 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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| Posted: 24 May 2019 01:06 PM PDT Hits: 3
“It’s a continuation of service that honors our country and those who fell defending it.”What are your favorite Memorial Day quotes?
We have compiled our 10 favorite ones in honor of those who died in service, defending our country without regard for their own lives due to their dedication to the safety of the United States of America. Browse through the next few slides to read these quotes and share them online via social media or directly to friends and family. Check them out. Memorial Day Quotes
Memorial Day Quotes
Memorial Day Quotes
Memorial Day Quotes
Memorial Day Quotes
Article printed from InvestorPlace Media, https://investorplace.com/2019/05/memorial-day-quotes-5/. ©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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| Posted: 24 May 2019 12:30 PM PDT Hits: 7 Memorial Day travel is going to be congested this year if you plan on driving, but there are some times that are better for traveling if you plan on going back home to see your family.
AAA predicts that roughly 37.6 million people will be driving somewhere on Memorial Day, which is the most ever for the holiday, while also marking a 3.5% increase compared to last year. The agency predicts that the worst times to hit the road are on Friday afternoons as people leave work due to the fact that plenty will be hitting the road after their shift ends. The worst time to travel would've been on Thursday before the holiday between 4:45 p.m. and 6 p.m., according to AAA New York spokesman Robert Sinclair, which means we're past that and it only gets easier now. "Solid job and income growth have left Americans with a lot of disposable income in their pockets," Sinclair said. "Many have decided to spend their extra dollars on a trip, usually by car, in spite of higher gasoline prices." If you plan on flying, know that air traffic is also increasing this weekend when compared to last year, per AAA–roughly 3.25 million people are expected to fly nationwide. The average round trip for airfare is holding steady when compared to last year at $171, which is a relatively solid deal. Article printed from InvestorPlace Media, https://investorplace.com/2019/05/memorial-day-travel-2019/. ©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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| Bullish Wave 3 Could Carry to 1.35 Posted: 24 May 2019 12:28 PM PDT Hits: 9 GBP/USD Elliott Wave Talking Points:
The technical patterns on GBP/USD have been elusive for the past several months. A small bread crumb of clarity was created as we discovered the potential Elliott wave diagonal pattern forming from the January 2019 low into the March 2019 high. These diagonals either begin a new larger wave or terminate the larger degree trend. Since this diagonal began at the lowest levels GBPUSD has seen in two years, the higher probability scenario is this pattern is a leading diagonal. Therefore, we await the finishing touches of a partial retracement corrective move. The current Elliott Wave for GBPUSDEarlier this week, we tweeted about the confluence of tight wave relationships taking place in the 1.26 handle. The a-b-c corrective pattern has slightly overshot the extreme of the price channel. Additionally, wave 'c' is equal to wave 'a' near 1.2659…this is a common wave relationship within a corrective Elliott wave zigzag pattern. Secondarily, the 78.6% retracement level for the rally from the January 2019 low to the March 2019 high crosses near 1.2618. This creates a tight zone of wave relationships which may buoy GBPUSD higher. From an Elliott wave perspective, it appears the recent wave lower is wave (2) or (B). If correct, then wave (3) or (C) would carry higher with wave relationships appearing at 1.35 and 1.41. The structure and length of the advance will provide us further clues as to the development of the larger Elliott wave pattern. This view is valid so long as GBP/USD remains above 1.2435. Below 1.2435 means there is another wave pattern at play. Learn more about Elliott Wave Theory with the beginner and advanced Elliott wave guides. —Written by Jeremy Wagner, CEWA-M Jeremy Wagner is a Certified Elliott Wave Analyst with a Master's designation. These articles are designed to illustrate Elliott Wave applied to the current market environment. See Jeremy's bio page for recent Elliott Wave articles to see Elliott Wave Theory in action. Discuss this market with Jeremy in Monday's US Opening Bell webinar. Follow on twitter @JWagnerFXTrader . Other Elliott wave reports you may be interested in…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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| Bullish Wave 3 Could Carry to 1.35 Posted: 24 May 2019 12:27 PM PDT Hits: 0 GBP/USD Elliott Wave Talking Points:
The technical patterns on GBP/USD have been elusive for the past several months. A small bread crumb of clarity was created as we discovered the potential Elliott wave diagonal pattern forming from the January 2019 low into the March 2019 high. These diagonals either begin a new larger wave or terminate the larger degree trend. Since this diagonal began at the lowest levels GBPUSD has seen in two years, the higher probability scenario is this pattern is a leading diagonal. Therefore, we await the finishing touches of a partial retracement corrective move. The current Elliott Wave for GBPUSD
Earlier this week, we tweeted about the confluence of tight wave relationships taking place in the 1.26 handle. The a-b-c corrective pattern has slightly overshot the extreme of the price channel. Additionally, wave 'c' is equal to wave 'a' near 1.2659…this is a common wave relationship within a corrective Elliott wave zigzag pattern. Secondarily, the 78.6% retracement level for the rally from the January 2019 low to the March 2019 high crosses near 1.2618. This creates a tight zone of wave relationships which may buoy GBPUSD higher. From an Elliott wave perspective, it appears the recent wave lower is wave (2) or (B). If correct, then wave (3) or (C) would carry higher with wave relationships appearing at 1.35 and 1.41. The structure and length of the advance will provide us further clues as to the development of the larger Elliott wave pattern. This view is valid so long as GBP/USD remains above 1.2435. Below 1.2435 means there is another wave pattern at play. Learn more about Elliott Wave Theory with the beginner and advanced Elliott wave guides. —Written by Jeremy Wagner, CEWA-M Jeremy Wagner is a Certified Elliott Wave Analyst with a Master's designation. These articles are designed to illustrate Elliott Wave applied to the current market environment. See Jeremy's bio page for recent Elliott Wave articles to see Elliott Wave Theory in action. Discuss this market with Jeremy in Monday's US Opening Bell webinar. Follow on twitter @JWagnerFXTrader . Other Elliott wave reports you may be interested in…Can you get gilded from fx trading? The response is if you go from river forex, and sluttish forex, use algorithms in fxtrading, what is distribution in forex 1 greenback river, netdania forex, verify brimful welfare of the forex system indicators, and inaction the direction fx strategy. We instrument follow win all.
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| Right Investment, Perfect time [free eBook] Posted: 24 May 2019 12:04 PM PDT Hits: 8 The Perfect Investment Does ExistDear Serious investor, After 20+ years on Wall Street, there’s not much I haven’t seen. Booms. Crashes. Utter, complete failures. But unlike cutthroat investors, I want to help people like you get ahead. I want to give you the true market tricks from the inside – like how to pick the right sectors. How to choose the best stocks. And what’s the right time to get in and out. My new guide The Right Investment at the Perfect Time is a 20-minute read that will change the way you approach investing. And it’s yours, FREE.
No cost. No obligation. Just valuable information from a seasoned Wall Street veteran who wants to share the wealth. Intrigued? CLICK BELOW for you free briefing. Sincerely, This email is a paid advertisement. It is for a product or service that is not offered, recommended or endorsed by OptionPub and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. OptionPub and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for any trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. By downloading this book your information may be shared with our educational partners. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of OptionPub may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. |
| Not Even a Trade War Can Stop Amazon Stock Posted: 24 May 2019 11:51 AM PDT Hits: 7 Amazon (NASDAQ:AMZN) is a worldwide phenomenon. That much is something few can argue about. In the past three years, AMZN stock is up 164%, and that includes all the hiccups and rallies. That's nearly 54% annual gains. And if you go back even further, that growth trend continues.  Source: Shutterstock It's this regularity of outsized performance that keeps AMZN stock in the portfolios of all the major hedge funds, mutual funds and institutional portfolios. But this universal love wasn't always there. Historically, Amazon stock always got a sideways glance from big investors. The company would (and still does) pump most of its profits back into growth projects — entertainment, groceries, cloud storage, supply chain management, etc. — rather than banking some for a rainy day or giving it back to investors as a dividend. That is what traditional companies have done. And when AMZN started growing, it was assumed it would do the same. It didn't. Every quarter analysts waited for results and would trade the stock for every tick up and down in its earnings and revenue, never quite sure whether to buy in deeper or run far, far away. But after a number of years, and especially after its Amazon Web Services started printing money, analysts got on the bull train for the long run. AWS launched in 2006, and is now the world's largest cloud provider. Granted in recent years, Microsoft (NASDAQ:MSFT) has been growing market share, as has IBM (NYSE:IBM), but AWS is so massive, it's even working joint ventures with its competitors. Last year, AWS was responsible for 58% of AMZN's operating income. The division generates about $26 billion, a 45% increase from 2017. Given that margins are around 30%, that's a lot of cash that gets dumped back into new products and services. Its moves into artificial intelligence (AI) via its Alexa platform is a good illustration on the big-thinking that powers AMZN stock. These devices are compelling on their own and are beginning to power many partnerships with delivery services, subscription services and the like. But AMZN sees beyond that. The company has partnered with a builder in Southern California that is currently doing a pilot project with AMZN to build smart houses powered — and protected — by AMZN AI. Also, coincidentally, Amazon is starting to sell DIY houses on Amazon.com for $20,000. Free shipping of course. And you can bet that in coming iterations, there will be pre-wired Alexa-friendly houses in the mix. As for its retail operations, there may some issues as the trade war heats up, which means there will be selling now in anticipation of a quarter or two of earnings disappointments. But that has never stopped AMZN in the past. It is still the one to beat when it comes to e-commerce, with retail players like Walmart (NYSE:WMT) and Target (NYSE:TGT) still playing catch-up. Yes, there may be some turmoil for AMZN stock near term, but that just makes it a better buy long term. Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. 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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| Bitcoin analysis for May, 24.2019 Posted: 24 May 2019 11:34 AM PDT Hits: 14 BTC has been trading upwards. The price tested the level of $8.100. Anyway, it looks risky for buying since the key resistance line at the price of $8.233 is there. Yellow rectangle – swing high resistance Red horizontal line – swing low support White lines – Upward channel BTC is trading inside of the upward channel. Anyway, strong resistance cluster at the price of $8.233 is there and buying looks risky at this stage. Our advice is to watch for potential break of the upward channel in order to confirm down movement. Stochastic oscillator is showing the bearish divergence, which is another sign of the weakness. 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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