Forex News 24

Forex News 24


DIS Stock Could Fill Gap on Poor Earnings

Posted: 07 May 2019 02:19 PM PDT

Hits: 3


Dow Jones Price Outlook Talking Points:

Dow Jones Price Outlook: DIS Stock Could Fill Gap on Poor Earnings

As earnings season draws to a close, Disney's financial findings could deliver a needed spark to reignite equity optimism, or at least slow the bleeding, when the company reports after Wednesday's close. Trade war concerns have weighed on the Dow Jones and other equity markets as the likelihood of higher tariffs increase as the week progresses. Thus, a strong report from the Index's hottest stock over the last month would be a meaningful first step for the Index to gather its footing.

Surprisingly, option traders have priced in relatively low volatility for DIS after earnings. Although VIX has spiked to its highest levels since January 23, the added risk of earnings seems to have had little impact on the implied volatility of the stock. That said, 20-day implied volatility is considerably higher at nearly 44% which would result in a possible trading range of $75.18 to $192.94.

Contributing to the extreme 20-day implied volatility, DIS rallied 17.65% in the month prior – good for the largest gain in the Industrial Average over that timeframe. Most of the strength followed the announcement of their streaming service in early April as Disney shares gapped nearly 10% higher. With lofty expectations, bruised sentiment and a beleaguered index, it would seem risks are heavily skewed to the downside for Disney – with a large gap looming beneath.

Disney (DIS) Stock Price Chart: Daily Time Frame (August 2018 – May 2019) (Chart 1)

DIS stock price chart

Learn about the conditions necessary to form a gap

With an earnings-related implied trading range from $128.99 to $139.13, option pricing suggests the unfilled gap – from $126.56 to $118.06 – falls outside the expected price action. That said, volatility in the broader market could exacerbate price movement and look to test the gap.

The sizable jump makes immediate support unclear. On a break lower the 20 and 50-day moving averages could offer some buoyancy, but given that they exist inside the gap, could see their efficacy reduced. Similarly, a support trendline around $119 may suffer the same fate – leaving the horizontal support at $118.06 the last line of defense.

To the topside, Disney would face resistance at record highs at $142.27 on an attempted move higher. Like the gap beneath, the stock's all-time highs also appear outside the implied 1-day trading range, which suggests the stock would first have to break through $135.35 – a level that has rebuked the stock in the last four trading sessions.

Should Disney miss and fill the space down to $118.06, Disney shares could be expected to subtract 107 points from the Industrial Average (calculated using Disney's Tuesday close price and Dow Divisor per WSJ). In the meantime, trade war developments will continue to influence the Dow Jones as investors weigh the exact implications of a complete breakdown in negotiations. For a follow up on Disney earnings and price action, follow @PeterHanksFX on Twitter.

–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.

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2019-05-07 21:05:00

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4 Mega-Cap Stocks to Sell Before They Melt Down

Posted: 07 May 2019 01:46 PM PDT

Hits: 4


Global equities are again being hit hard on Tuesday as the uncertainty over the trade war with China continues. With a delegation from Beijing due this week, and Trump threatening to raise tariffs on Friday without an agreement, this is set to be a high stakes standoff.

And this comes after months of breathless leaks to the media about all the positive progress being made towards an agreement.

Stocks are likely to continue heading lower unless Beijing folds under pressure. Which seems unlikely. As a result, a number of market heavyweights are suffering breakdowns. Here are four mega-cap stocks to sell:

Cisco Systems (CSCO)


Click to Enlarge
Shares of Cisco (NASDAQ:CSCO) are breaking down below their 50-day moving average for the first time since the middle of December. Watch for a return to its 200-day moving average, which would be worth a decline of roughly 11% from here. This comes despite the recent announcement of a $15 billion increase in its share buyback program.

The company will next report results on May 15 after the close. Analysts are looking for earnings of 77 cents per share on revenues of $12.9 billion. When the company last reported on February 13, earnings of 73 cents per share beat estimates by a penny on a 4.7% rise in revenues.

DowDuPont (DWDP)


Click to Enlarge
Shares of chemical maker DowDuPont (NYSE:DWDP) are breaking down out of a six-month consolidation range, returning to levels last seen in late 2016. This marks a 34% decline from the highs seen in early 2018.

The company will next report results on August 1 before the bell. Analysts are looking for earnings of 82 cents per share on revenues of $11.5 billion. When the company last reported on May 2, earnings of 84 cents per share beat missed estimates by a penny on an 8.7% decline in revenues.

International Business Machines (IBM)


Click to Enlarge

IBM (NYSE:IBM) shares are weakening after trying to stabilize below its 50-day moving average, setting up a test of its 200-day average that will likely give way to a fill of the January gap move higher. Such a decline would be worth a loss of nearly 10% from here as investors continue to wonder if the company will ever again post sustained revenue growth.

Management will next report results on July 17 after the close. Analysts are looking for earnings of $3.10 per share on revenues of $19.2 billion. When the company last reported on April 16, earnings of $2.25 beat estimates by a penny on a 4.7% decline in revenues.

Nike (NKE)


Click to Enlarge

Nike (NYSE:NKE) shares are falling out of a four-month consolidation range, setting up a drop back to the October-December highs, which would be worth a loss of more than 6% from here. While the stock was able to set an incremental new high, prices have been centered on the $80-a-share level since the summer of 2018. That range looks set to continue despite a recent upgrade from analysts at Citigroup.

The company will next report results on June 27 after the close. Analysts are looking for earnings of 66 cents per share on revenues of $10.2 billion. When the company last reported on March 21, earnings of 68 cents per share beat estimates by three cents on a 7% rise in revenues

As of this writing, the author held no positions in the aforementioned securities.

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Gold Prices Await Breakout as Volatility Rebounds from All-time Low

Posted: 07 May 2019 01:43 PM PDT

Hits: 3


Talking Points:

– GVZ, the ETF tracking volatility in GLD – in effect, a rolling 1-month implied volatility contract – hit an all-time low (going back to 2008) on May 3.

– Now that measures of volatility across asset classes are rising, a breakout in Gold prices after the recent consolidation may be around the corner.

– Changes in retail trader positioning suggest that Gold prices could turn higher soon.

Looking for longer-term forecasts on Gold and Silver prices? Check out the DailyFX Trading Guides.

Gold prices have been trading sideways for the past few weeks, but the slumber may soon be coming to an end. Measures of volatility across global asset classes are rising in tandem – equities, bonds, commodities, currencies, and all – thanks to surprising developments along the US-China trade war front and the sudden implications for global growth. Rising volatility in energy markets, for example, has underscored the bearish bias in crude oil prices.

Amid the increased volatility, investors may soon be forced to decide on whether Gold prices will retain or lose their uptrend from the August 2018 lows. As the backbone of the entire rally over the past nine-months has started to come into focus, Gold prices have been surprisingly dogged by a quiet market. If trading is both a function of price and time, it seems that only time is pushing the charts forward right now.

This view is best understood hindsight by looking at the most popular Gold volatility ETF, GVZ. GVZ tracks the rolling 30-day (or 1-month, as is conventionally quoted in FX markets), implied volatility of gold prices. The CBOE's tracking ETF applies the VIX methodology to options on its Gold price ETF, GLD.

GVZ (Gold Volatility) Technical Analysis: Daily Price Chart (April 2018 to May 2019) (Chart 1)

On Friday, May 3, GVZ, the measure of 1-month implied Gold volatility, hit an all-time low going back to the instrument's origination back in 2008. Unlike other asset classes, where rising volatility is seen as a bad omen for prices, Gold is harmed by low volatility: lower levels of uncertainty reduce the safe haven appeal of Gold.

Accordingly, with GVZ jumping to its highest level since April 16, the recent consolidation in Gold prices could soon find resolution; the coiling observed last week could soon yield a breakout.

Gold Price Technical Analysis: Daily Chart (April 2018 to May 2019) (Chart 2)

gold price, gold technical analysis, gold chart, gold price forecast, gold price chart

Recent observations on gold prices remain valid. Since setting a fresh yearly low on April 16, gold prices have been moving sideways around former symmetrical triangle support. As the ascending trendline from the August, October, and November 2018 lows has come into view, gold prices have been range trading between 1266.18 and 1288.58.

To this end, the gold price forecast is remains neutral for the time being. But the bounds of the consolidation are well-established, and a breakout may be around the corner now that Gold volatility has started to rise: a move above 1288.58 by mid-May would constitute a topside break of the consolidation (and the downtrend from the February and March 2019 highs); conversely, a move below 1266.18 would equal a downside break of the consolidation (and the uptrend from the late-2018 swing lows).

IG Client Sentiment Index: Spot Gold Price Forecast (May 7, 2019) (Chart 3)

igcs, ig client sentiment index, igcs gold, gold price chart, gold price forecast, gold price technical analysis

Spot gold: Retail trader data shows 73.7% of traders are net-long with the ratio of traders long to short at 2.8 to 1. The number of traders net-long is 0.4% lower than yesterday and 2.8% higher from last week, while the number of traders net-short is 2.9% higher than yesterday and 4.4% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests spot gold prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current spot gold price trend may soon reverse higher despite the fact traders remain net-long.

FX TRADING RESOURCES

Whether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading.

— Written by Christopher Vecchio, CFA, Senior Currency Strategist

To contact Christopher Vecchio, e-mail at cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

View our long-term forecasts with the DailyFX Trading Guides

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2019-05-07 20:00:00

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This "Clean Oil" Company Just Struck Black Gold

Posted: 07 May 2019 01:10 PM PDT

Hits: 10



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This “clean oil” company just hit a “billion-barrel jackpot.”

After closing a deal on 1,440 acres of oil sands in Eastern Utah, one oil company may have just secured the rights to over a billion barrels of oil resources.

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The most incredible part?

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Creating the opportunity for early investors to “win the lottery” on this revolutionary clean oil technology.

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With patented mobile technology that allows them to literally extract oil from sand, this oil company isn’t finished yet.

In fact, they’re currently in talks with the United Nations to take their clean and environmentally-responsible extraction technology to big-wig OPEC nations such as Kuwait.

Early investors could be reaping the rewards for decades to come, but it’s only a matter of time until this company becomes a household name.

Read the Full Report Here

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2019-05-07 19:01:49



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5 Must-See Stock Charts for Wednesday: O, AGN, BA

Posted: 07 May 2019 01:05 PM PDT

Hits: 5


The stock market largely dodged a bullet on Monday, but it wasn't so lucky on Tuesday. Indices were hammered on the day, with many falling almost 2%. What does that mean for individual stocks? Let's see some must-see stock charts.

Must-See Stock Charts #1: Allergan

must-see stock charts for AGN
Click to Enlarge

On Tuesday morning, Allergan (NYSE:AGN) delivered a top- and bottom-line earnings beat and raised its guidance. It wasn't enough to buoy the stock though, with shares falling 5% on the day.

This name has been forming a narrowing wedge since late-December. Some may want to take this one on the long side. Not me. Shares are teetering on a notable level at $140 and are below the 10-week moving average. Allergan is also failing to rally on good headline numbers. Sure, uptrend wedge support could buoy it back up a few bucks, but the potential reward is simply not worth the risk.

Instead, I would rather go long AGN on a break over resistance, as AGN would be clearing downtrend resistance and would have hurdled above its 10-week moving average. Conversely, a close below $140 could trigger a short position with a downside target of $125 to $130.

Must-See Stock Charts #2: Realty Income

must-see stock charts for Omust-see stock charts for O
Click to Enlarge

I am really excited to talk about Realty Income (NYSE:O) because the chart is such a great learning opportunity. Last month, we pointed out long-term uptrend support in O, saying it should give the stock a lift near $68 after its sudden decline from $74. Our words were:

"Channel support near $68 could give O a bounce, but if it finds the 50-day or the now-declining 20-day moving average to be resistance, this one could have more selling in its future."

That's exactly how it's played out. Granted, O performed a secondary offering on a tough market day, but it doesn't matter. The charts show the picture and O's inability to reclaim its 20-day and 50-day spelled trouble. It didn't help that the former crossed below the latter, a sign that short-term momentum had waned.

It's inability to get above these moving averages means the stock put in a lower high, a bearish technical development, and has created — at least for now — a short-term downtrend line (blue).

Shares are now below uptrend support, but are at least holding $67. That's been a key level since February and a break below could cause a flush.

If you're trying to get learn about technical analysis and get better at charting, print this chart off. I will too. It's an amazing example of what to look for and how to spot key levels.

Must-See Stock Charts #3: Boeing

must-see stock charts for BAmust-see stock charts for BA
Click to Enlarge

Boeing (NYSE:BA) is another one for the chart vault. It was no secret that $400 was resistance after the 737 MAX news made big headlines. After all, it failed at that mark twice, while failing to reclaim its 50-day moving average.

As long as $362 held though, BA stock was only down, not out. On Tuesday it lost that level though, along with the 200-day moving average. If it can't reclaim this level, it may fall back into its prior range between $320 to $360. This breakdown was a big worry of mine last month, even though shares were holding up.

A rally back to this $362-ish area that doesn't hold gives bears another opportunity reload on the short side. Spot these setups — where struggling stocks can't break through key levels and moving averages — and see how they handle support.

Must-See Stock Charts #4: Mylan

must-see stock charts for MYLmust-see stock charts for MYL
Click to Enlarge

I'm not intentionally picking bearish setups today, but they are the ones that are most prominent with U.S. stocks wilting from their new highs. In Mylan's (NYSE:MYL) case, shares are down more than 20% after the company reported earnings.

Key support near $26 gave way, as the 10-week moving average and downtrend resistance continues to squeeze the stock lower.

See how the stock handles channel support. It should at least buoy MYL temporarily. If and when buyers return, see how the stock handles $26.

Must-See Stock Charts #5: S&P 500

must-see stock charts for SPXmust-see stock charts for SPX
Click to Enlarge

Ooph! What a tough session Tuesday was. The S&P 500 gapped lower on Monday following the president's tweets on the trade war. We rallied throughout the day and many names closed very strong. It drew in a lot of bulls — I was caught too — that were flushed lower when they pulled the rug on Tuesday.

As hard as it is, try not to be too frustrated by the action. It happens; that's the stock market. Above everything else, we are risk managers. Our goal is to maximize the potential for reward and minimize our risks.

On the S&P 500 — some may use the S&P 500 ETF (NYSEARCA:SPY) — it clearly broke below uptrend support. The index also lost the 20-day moving average, which told us it's time to become more tactical now that the trend has broken. A test of the 50-day is practically a given at this point.

The most attractive short-term setup now would be an ugly gap down on Wednesday or Thursday that flushes out many of the weak hands out and gives strong stocks nice buyable pullbacks. A gap below 2,850 that's quickly reclaimed would give traders an opportunity to add long exposure and play for a bounce over the 50-day.

A bit further down and we should have stronger support in this 2,800 to 2,815 area. Should we overshoot this level, the 200-day is down at 2,775.

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities.

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FX Price Action Setups in EUR/USD, GBP/USD, AUD/JPY and GBP/JPY

Posted: 07 May 2019 01:02 PM PDT

Hits: 5


FX Price Action Setups in EUR/USD, GBP/USD, AUD/JPY and GBP/JPY

It's been a peculiar start to the week, at least when considering prior 2019 trends. US equities continue to exhibit tendencies of a turn, and various themes of risk aversion continue to show across global markets. This includes strength in both Gold and the Yen to go along with weakness in the Euro and a non-directional display of digestion in the US Dollar. In this webinar, I looked across the landscape to dial in on price action setups across FX major pairs.

Forex Talking Points:

– If you're looking to improve your trading approach, our Traits of Successful Traders research could help. This is based on research derived from actual results from real traders, and this is available to any trader completely free-of-charge.

– If you're looking for a primer on the FX market, we can help. To get a ground-up explanation behind the Forex market, please click here to access our New to FX Trading Guide.

If you'd like to sign up for our webinars, we host an event on Tuesday and Thursday, each of which can be accessed from the below links:

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S&P 500: Sellers Pounce After Fall Below Rising Wedge

Just last week, I asked if US stocks were nearing a turn. A few trading days later, and evidence continues to stack up that a pullback is in order, and perhaps a bit more. The big pivot here appeared around last week's FOMC rate decision; and while not much was said, FOMC Chair Jerome Powell didn't talk up the prospect of rate cuts. He said that the next move could be higher or lower without committing in either direction, and this was taken as a buffer to the market's growing expectations for a cut at some point this year. Ahead of that rate decision, odds were over 65% for at least one cut in 2019. Less than a week later, and probabilities are now closer to 56.8%. Notably, US equities rallied last Friday to recover a large-portion of the FOMC-fueled losses in the index. But, this week hasn't been so kind thus far, as sellers have remained aggressively on the ask.

At the open of this webinar, I pointed out a level that would soon come into play, and 90 minutes later, the Fibonacci level at 2868 is being tested through.

S&P 500 Four-Hour Price Chart

Chart prepared by James Stanley

Yen Strength – Unfilled Gaps – Warning Signs

Going along with that theme of risk aversion has been the scenario of Yen-strength, which remains a visible theme across FX-pairs. The Yen gapped-higher to open this week, and this shows as gaps-down in pairs like EUR/JPY, USD/JPY and AUD/JPY. AUD/JPY has already filled that gap around yesterday's RBA rate decision; but the remaining unfilled gap in both EUR/JPY and USD/JPY is of concern, as Yen strength has remained without so much as a pullback so far this week.

I discussed two very different ways of working with the above gaps. In EUR/JPY, I pointed out a key support level coming into play on the chart as it was happening, taken from the Fibonacci level around 123.10. A hold of support here opens the door for bullish reversals, with eventual targets tilted towards that gap, looking for it to fill before a bigger picture bearish wave may come back into play.

EUR/JPY Four-Hour Price Chart

eurjpy eur/jpy price chart

Chart prepared by James Stanley

On the other side of the matter, for those looking at continued risk aversion, the short-side of AUD/JPY could be of interest; looking for the downward movement to continue after yesterday's RBA-fueled gap-fill in the pair. I had laid the groundwork for this setup in the Aussie technical forecast two weeks ago, and with the support zone around 77.50 being taken-out, the door can remain open for a run-down to the 75.00 area on the chart.

AUD/JPY Daily Price Chart

audjpy aud/jpy daily price chart

Chart prepared by James Stanley

In USD/JPY, directional plays could be more challenging. The item to watch appears to be which Fibonacci level will come back into play from the November 2017 – March 2018 major move. Each of the retracement levels from that study has had some pull with near-term price action in the pair so far this year; and just two weeks ago the 76.4% retracement helped to set the high in the pair. At 110.86, around this week's high, is the 61.8% retracement of that major move. And on the underside of price action, 109.67 lurks as the 50% marker of that major move, last in play in late-March when it helped to set the low.

USD/JPY Eight-Hour Price Chart

usdjpy usd/jpy price chart

Chart prepared by James Stanley

GBP/JPY Nears Key Fibonacci Support

For those looking to fade Yen-strength, GBP/JPY may be of interest. The pair is closing in on a big support level around 143.79. This is the 38.2% retracement of the 2016-2018 major move in the pair, and this same price has come-in as support on four separate occasions over the past few months. And, of note, there is remaining unfilled-gap here, approximately 225 pips higher on the chart.

GBP/JPY Four-Hour Price Chart

gbpjpy gbp/jpy price chart

Chart prepared by James Stanley

Crude Oil Bounces from 60, But is the Bullish Trend Done?

I had looked into this setup last week, remarking that support at 61.58-61.87 no longer looked as attractive, instead steering the focus to a support zone a little lower that ran from 60-60.35. That zone came into play shortly after this week's open, and this held as buyers posed a push back up to 62.84. Since then, however, that bullish theme has come unraveled and prices are sitting in the middle of the recent range. This draws away some attractiveness from another support test at 60.00.

Crude Oil Four-Hour Price Chart

crude oil four hour price chart

Chart prepared by James Stanley

EUR/USD: Is this It?

EUR/USD has been in varying forms of a range for almost six months now. And that range started to give way a couple of weeks ago but, to date, sellers haven't been able to make much of a dent. The prior support zone that runs from 1.1187-1.1212 remains in-play and has helped to set resistance today. I had looked into the pair in this week's FX Setups as one of the more attractive ways to work with themes of USD-strength.

EUR/USD Daily Price Chart

eur/usd eurusd four hour price chart

Chart prepared by James Stanley

GBP/USD Pulls Back to Higher-Low Support: Can Bulls Maintain?

On the other side of the US Dollar, GBP/USD retains some interest. This is driven by last week's 'Super Thursday' rate decision at the Bank of England, when BoE Governor Mark Carney warned that faster rate hikes may be necessary: A decidedly hawkish tone in a global environment full of doves. As the US Dollar sold off on Friday, GBP/USD put in a noticeable topside breakout, rushing to fresh monthly highs. I looked into the pair in this week's FX Setups, attempting to play a pullback. The first zone, running from 1.3087-1.3117, helped to set the lows yesterday. But, sellers remained persistent and prices pushed down to the 's2' zone that runs from 1.3039-1.3053, and this has so far helped to hold the Tuesday lows. This keeps GBP/USD in a position of interest for continued USD-weakness.

GBP/USD Four-Hour Price Chart

gbpusd gbp/usd four hour price chart

Chart prepared by James Stanley

USD/CAD Tests Resistance Near Key Level of 1.3500

USD/CAD continues to display jagged price action but, of note, buyers are calming as price action remains near resistance at the 1.3500 figure. This can keep the prospect of reversals active in the pair, particularly for themes of USD-weakness.

USD/CAD Four-Hour Price Chart

usdcad usd/cad four hour price chart

Chart prepared by James Stanley

USD/CHF Holding Near Two-Year Highs

A similar backdrop exists here in USD/CHF in which reversals may be favored. The context is a bit different, however, as USD/CHF sits near two-year highs after a very aggressive bullish run. This can make the pair a bit less attractive for reversal potential than what might be seen in USD/CAD; and if we do get a washout in the US Dollar, in which the US currency pulls back to break through a series of near-term supports, bullish plays in USD/CHF may become interesting again; attempting to incorporate CHF weakness into strong-USD scenarios.

USD/CHF Weekly Price Chart

usdchf usd/chf price chart

Chart prepared by James Stanley

AUD/USD Attempts to Recover, Grasps for .7000 as Short-Term Support

AUD/USD finally tested below the .7000 big figure when prices gapped-down to start this week. But, an RBA rate decision last night helped the pair to further recover, bouncing back-above the psychological level and running towards the .7050 area on the chart that set last week's swing-highs. Buyers pulled back, and at this point, price action appears to be attempting to set higher-low support off of the .7000 level. This can keep the door open for short-term bullish scenarios, looking for AUD/USD to move towards the .7100 level.

AUD/USD Two-Hour Price Chart

aud/usd audusd two hour 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 for Q4 have a section for each major currency, and we also offer a plethora of resources on 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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2019-05-07 19:45:00

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May 7, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

Posted: 07 May 2019 12:36 PM PDT

Hits: 9


Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200.

This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15.

Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci).

For Intraday traders, the price zone around 1.1235 (78.6% Fibonacci) stood as a temporary demand area which paused the ongoing bearish momentum for a while before bearish breakdown could be executed on April 23.

Currently, the price zone around 1.1235-1.1250 has turned into supply-zone to be watched for bearish rejection.

Few days ago, another recent bullish head and shoulders pattern was being demonstrated around 1.1140 on the H4 chart.

That’s why, conservative traders were suggested to wait for another bullish pullback towards 1.1230-1.1250 where a valid SELL entry was suggested.

On Friday, the market has failed to sustain bearish pressure below the price Level of 1.1175.

That’s why, another bullish pullback was expected to occur towards the depicted SELL zone around 1.1235.

However, the EURUSD pair found great bearish rejection around 1.1200 – 1.1210 which brought the EURUSD pair down towards 1.1175 again.

Trade recommendations :

Conservative traders should wait for an obvious H4 bearish closure below 1.1175 for a valid SELL entry.

S/L should be placed around 1.1200.

Initial Target levels should be located around 1.1135 and 1.1080.

The material has been provided by InstaForex Company – www.instaforex.com
2019-05-07 17:47:37



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Glomerulonephritis: How to Diagnose and Prevent It at Various Levels

Posted: 07 May 2019 12:33 PM PDT

Hits: 6

Glomerulonephritis is an inflammation of the glomeruli in the kidney. The glomeruli is constellation of small blood vessels in the kidney that act as a filter to remove excess fluid, electrolytes and nitrogenous wastes from the blood into the urine.

It is divided into:

Acute Glomerulonephritis- The symptoms develop suddenly.

Chronic Glomerulonephritis- The symptoms develop gradually.

In glomerulonephritis, the glomeruli lose their filtering capacity thus blood proteins and red cells are excreted in the urine in various quantities depending on the severity of the glomerular damage.

DIAGNOSIS OF GLOMERULONEPHRITIS

Accurate diagnosis is essential in the successful treatment of glomerulonephritis.

Diagnosis is highly dependent on the clarity of symptoms, examination and investigation findings.

SYMPTOMS

· Passage of coca-colored urine due to the presence of red blood cells in the urine. This is called haematuria.

· Passage of foamy urine due to excess amount of proteins in the urine. This is called proteinuria.

· Presence of peri-orbital and ankle swelling.

EXAMINATION FINDINGS

· Peri-orbital and pedal edema.

· Elevated blood pressure.

INVESTIGATIONS

· Urinalysis-This reveals diagnostic findings such as red blood cells, casts, white blood cells and proteins in the urine.

· Blood test- Blood level of electrolytes, urea and creatinine. This is mainly done to assess the extent of kidney damage.

· Radiological imaging tests-This is done usually when the blood tests suggest some level of kidney damage. E.g Renal scan or abdominal CT scan is done.

· Kidney biopsy- This entails using a clinical procedure to extract some pieces of kidney tissues for microscopic examination. This is the only test that confirms glomerulonephritis.

TREATMENT

This is based on the following principles:

· Treat underlying health conditions quickly.

· Use of corticosteroids to reduce the degree of inflammation and immunological responses.

· Dialysis- This is used for individuals with acute kidney injury or kidney failure.

· Anti-hypertensives such as ACEI, ARBs- This is used to control hypertension in some selected individuals.

PREVENTION STRATEGIES

There are 3 levels of prevention namely: primary, secondary and tertiary.

PRIMARY PREVENTION

The aim of this is to prevent the onset of glomerulonephritis.

It entails the following

· Throat swab should be done for suspected bacteria cause of sore throat. If streptococcus is suspected, oral penicillin should be commenced as soon as possible.

· Prompt treatment of individuals with bacteria endocarditis.

SECONDARY PREVENTION

This involves early diagnosis and prompt treatment of glomerulonephritis.

It specifically entails the following:

· Routine urinalysis to be done periodically for individuals at risk of streptococci infections and for individuals greater than 40 years.

· Periodic monitoring of blood urea and creatinine levels should be done for individuals with compromised kidney function.

TERTIARY PREVENTION

This involves activities and interventions put in place for individuals with glomerulonephritis from developing complications such as kidney failure and to reduce the disease progression.

· Optimal control of co-morbidities like hypertension and diabetes mellitus.

· Reduce intake of high protein diet.

· Restrict salt intake.

· Cessation of smoking.

· Regular clinic follow up by a Nephrologist.

Finally, glomerulonephritis is a very lethal kidney disease of which the onset and progression can be prevented if an individual adheres to the activities in the various levels of prevention highlighted above.

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investorplace.com | 522: Connection timed out

Posted: 07 May 2019 12:25 PM PDT

Hits: 6


What happened?

The initial connection between Cloudflare’s network and the origin web server timed out. As a result, the web page can not be displayed.

What can I do?

If you’re a visitor of this website:

Please try again in a few minutes.

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Contact your hosting provider letting them know your web server is not completing requests. An Error 522 means that the request was able to connect to your web server, but that the request didn’t finish. The most likely cause is that something on your server is hogging resources. Additional troubleshooting information here.

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7 Tips for Financial Planners to Gain a Competitive Edge

Posted: 07 May 2019 11:48 AM PDT

Hits: 8


Financial planners are in a great position today. With median pay near $100,000 and 14% expected industry growth, you'd think that gaining clients would be automatic.

Yet — despite strong employment growth prospects — the financial advisory field is competitive. High net-worth clients have many advisers chasing them. Furthermore, there's the onslaught of robo-advisers placing downward pressure on fees.

Here are seven tips financial planners can use to help gain a competitive edge.

Tips for Financial Planners #1: Market and Grow Your Online Presence

If a client can't find you online in 2019, then you're no good. You need to have a compelling website that shows up on search.

If you're located in Orlando, Florida and a local resident searches for a financial planner, your site needs to show up. A blog along on your website will also drive traffic to your business. You should definitely hire a professional website designer and SEO (search engine optimization) professional — and scrupulously check their credentials.

Make yourself well-known online. By answering questions and publishing on Quora, Investopedia and other financial advisory forums, you can grow your online presence. Answer questions on investing on Facebook, Reddit and other public forums. Become your own brand ambassador.

Tips for Financial Planners #2: Expand Your Social Media Followers

The second tip goes hand in hand with the first. Social media isn't just for millennials and the president. Michael Kitches, David Waldrop and many others financial advisers have impressive websites and active social media presences.

If you answer questions on public forums and catch people's attention, you need to hold their attention when they try to learn more. In addition to Facebook, consider profiles on Twitter and LinkedIn.

Clients and potential clients are going to look for you online. You want to be where they can find you.

Tips for Financial Planners #3: Use CRM Management to the Fullest

Used properly, customer relationship management software can streamline your business and free up more time for you to do what you do best, personally interact with your clients.

This software can not only store contact information but can ingratiate you to your clients. Use your CRM software to track your clients' families and personal situations, from daughter Jenna's soccer team results to son Jake's robotics hobby.

Tips for Financial Planners #4: Integrate Technology Into Your Practice

Let technology do what it does best, so you can use your unique skills. Many financial advisers are now using robo-advisers to manage the client investments because the practice frees up more time for advising and counseling.

Additionally, automated appointment calendars and texting access give you the ability to be all things financial for your clients. Consider regular newsletter to clients to provide information and maintain client contact.

Make certain to offer high-quality video conferencing. Even your local clients might not want to drive over to your shop and may prefer to meet online. Additionally, you increase your reach by marketing yourself as a national adviser.

Tips for Financial Planners #5: Outsource What You Can

Anything you can farm out frees up your schedule for client acquisition and service. From blog writing to report generation, there are services that do it for you.

Consider your time golden and perform only the tasks that you're uniquely qualified for. Outsource the rest.

Tips for Financial Planners #6: Join Peer Networks

Joining together with like-minded colleagues can give you a competitive edge. Whether it's a LinkedIn or Facebook group or larger planning network, there are several advantages to these collaborations.

Or, put together your own group of advisers to trade ideas, support one another and refer when appropriate.

A CNBC article profiled a group of six financial advisers, located across the nation who banded together to form Zero Alpha Group. They described themselves as a study group for financial planners.

Tips for Financial Planners #7: Keep Your Fees Competitive

With the advent of technology, low fee robo-advisers and funds, financial advisory fees are getting squeezed. Be prepared to justify your fees, and make sure your justification is based on the value of your services. This requires knowing yourself, your business and what you bring to the table.

Fees aren't the only differentiator, yet they definitely factor into a client's decision to hire you or not. Therefore, you must be proactive with the fee conversation when engaging with clients.

The Bottom Line

In conclusion, it is vital to know what you bring to the financial planning table and communicate that to your clients. Streamline your back end and become a technology ninja. To be found, engage online with your peers and social networks. Don't be afraid to copy what your successful peers are doing online. Differentiate and promote yourself to grow and maintain your clients.

Barbara A. Friedberg, MBA, MS is a veteran portfolio manager, expert investor, and former university finance instructor. She is editor/author of Personal Finance; An Encyclopedia of Modern Money Management and two additional money books. She is CEO of Robo-Advisor Pros.com, a robo-advisor review and information website. Additionally, Friedberg is publisher of the well-regarded investment website Barbara Friedberg Personal Finance.com. Follow her on twitter @barbfriedberg and @roboadvisorpros. As of this writing, she does not hold a position in any of the aforementioned securities.

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