InvestMacro Forex News

By MoneyMorning.com.au

The French revolution, the Arab Spring, and the peace & love revolution of the hippy generation – they all redefined their nations’ histories.

But history-defining revolutions don’t just start on the street.

They begin in technology research departments as well.

The technology that has become standard in the last ten years has been nothing short of revolutionary.

The internet, the personal computer, and the mobile phone; think how much each of them has changed your life.

The exciting thing is that technology never sleeps.

And the new technology emerging today will change your world as much in the next ten years, as current tech did in the last ten. It’s an exciting prospect.

But the really exciting thing is this: not only will you benefit from this technological revolution, but if you play your cards right, you can personally profit from investing in it too…

In the office, I may be the resource guy. However, tech investing is something I am passionate about all the same.

For example, one Aussie company I have invested in personally will enable asthma sufferers to use their smart phones to monitor and better control their symptoms.

It’s a very exciting area to be invested in. Not only can it be profitable, but you also become part of something that may genuinely improve the quality of life for a large number of individuals globally.

Similar tech already allows diabetics to measure, record and track their blood glucose using a gadget linked to the smart phones. With 1.3 billion smart phones in use today, and projected to hit two billion within two years, this trend of ‘mobile health’ applications is growing fast.

This is just one aspect of the tech space. And whether it’s bionic eyes, molecular technology, or fully automated vehicles, your regular editor Kris Sayce, and our new tech analyst Sam Volkering, have been busy researching the exciting tech space for the last few months.

The launch is not far away, and there’s a lot of buzz about ‘RevTech’, as we call it in the office. [Ed note: Keep your eyes open, details on the launch date for Revolutionary Tech Investor will hit your inbox soon.]

It’s an exciting time to be an investor in the technology space. Things are moving faster than ever, and new opportunities come up all the time. I look forward to seeing what Kris and Sam come up with in Revolutionary Tech Investor. 

Dr Alex Cowie
Editor, Diggers & Drillers
Join me on Google+

From the Port Phillip Publishing Library

Special Report: How to Buy Better Stocks

Daily Reckoning: Big Trouble in the Australian Economy… Everybody Relax

Money Morning: After the Correction: Gold Stocks Set for the Biggest Gains

Pursuit of Happiness: Australian Housing: Neither a Bull nor a Bear

AUDUSD stays in a trading range between 0.9528 and 0.9791. Key resistance is now at 0.9791, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.0582 (Apr 11 high), one more fall to 0.9300 area is still possible after consolidation. On the upside, a break above 0.9791 resistance will indicate that lengthier consolidation of the downtrend is underway, then further rise to 0.9850 – 0.9900 area could be seen.

Daily Forex Forecast

By MoneyMorning.com.au

1. A Future Take on the Doctor’s House Call

   Cut your finger off with a knife in the kitchen?

   By the time an ambulance arrives, you get to the hospital, get looked at, fixed, and complete all the paperwork; it’s a long time between the accident and going home.

   But what if you had a surgeon at hand, at home? With the accuracy of a surgeon but better because human error is taken out of the equation. We’re talking a robotic doctor in your home.

   You could simply sit down with your now removed finger and let the robotic device do its work. Scan your injury, apply a local anaesthetic, assess the damage and then go about repairing it.

   Reconnect the blood vessels, fuse the bone together, stitch up the skin, disinfect the wound and bandage it up for you. This is about the capability of a ‘hospital in your home’.

   Robots are already used in surgeries. They’re more efficient and significantly more accurate than humans. Like many technologies, the bigger picture is to enable them at a consumer level.

   Your own home could provide you with the medical assistance needed. Cutting out delays, ambulance response times, tired doctors, busy emergency departments and infection riddled hospitals, having capability at home for minor accidents and operations will become a normal practice before you know it.

2. Penthouse Suite at the Orbital Hotel and a Day Trip to the Moon

   Space is no longer the final frontier. The solar system, the universe, it’s all up for grabs in exploration. Soon a team of eight will be sent on a one way mission to Mars.

   By the end of this year we’ll have space tourists by the rocket-load entering the boundary of space. There are at least four different space tourism companies willing and almost able to send ordinary (though very well cashed up) people into space.

   But instead of just going to space and 25 minutes later landing back down on earth, what about going up into space and docking with your hotel for a space stay of a week or two? Or taking a side trip to the moon in a reusable and self-launching rocket?

   Bigelow Aerospace is investing $500 million into private space stations to create somewhere you can go to experience the joys of zero gravity in your own luxury villa.

   And with companies like SpaceX developing reusable multiple launching rockets like the Grasshopper, we’re not too far away from the time when you’ll be able to take a Virgin Galactic shuttle to the Bigelow Space Hotel and a SpaceX trip to the moon for a look around.

3. Forget Angry Birds, This App Could be a Life Saver

   It’s genuinely the stuff of Star Trek.

   Recall Mr Spock holding a small device to the body of an injured Starfleet person, to then announce all injuries and ailments with amazing accuracy? This is reality now. One device to diagnose serious injury or illness.

   The FDA is already in the process of approving at least two different personal devices to monitor your health and diagnose you with precise medical accuracy.

   Just hold the device to your head; it will check your heart rate, temperature, blood oxygenation. You can do a urine analysis if need be, a blood check, a breath analysis. All in a device no bigger than your phone. In fact, it’s an accessory to your smartphone, because the associated app helps in the diagnosis of your illness.

   Whether you’re sick, your child is sick, it doesn’t matter. The medical tricorder is something that everyone will carry around. You’ll be able to monitor your own health on a daily basis with unprecedented accuracy. You’ll know you’re getting sick well before you feel the symptoms.

   A $10 million incentive from Qualcomm is helping get the tricorder to final production, and it’s safe to say within the next 12 months there will be a fully commercialised tricorder available. One simple piece of technology to help keep you fitter, healthier and safer.

I hope you’ve enjoyed this take on the future over the past few days. Put simply, the future is something you should look forward to, not dread. Because the technological progress you’ve seen in recent years is just the beginning of what we believe could be one of the biggest lifestyle advances in human history.

If you’ve got your own view of what the future could look like, and the technology we’ll use, why not drop a line to [email protected] and type ‘My Revolutionary vision for the future‘ in the subject line.

Sam Volkering.
Editor, Money Morning
Join me on Google+

From the Archives…

Keep One Eye on Resource Stocks and the Other on the NASDAQ
31-05-2013 – Kris Sayce

Getting in on the ’99 Cent Craze’ with Crowdfunding
30-05-2013 – Sam Volkering

Buyer Beware: Japanese Government Bonds are Moving
29-05-2013 – Murray Dawes

The Best Contrarian Play on Gold I’ve Ever Seen…
28-05-2013 – Dr Alex Cowie

A Revolution in the Share Market is Coming…
27-05-2013 – Kris Sayce

Bubbling Higher Or Headed For A Bust?

In today’s short educational trading video, I’m going to share with you an interesting set-up I see in SodaStream (NASDAQ_SODA).

Here is some fundamental background on SodaStream, courtesy of Wikipedia.

SodaStream is the maker of a consumer home carbonation product based on the principles of making a carbonated drink as originally invented by Guy Gilbey in 1903. The device allows users to take ordinary tap water and carbonate it to create soda water (or carbonated water) to drink. With the addition of one of over 100 different types of concentrated syrups and flavorings produced by Sodastream, owners can create carbonated beverages. After the company merged with Soda-Club in 1998, it was relaunched with an emphasis on healthier drinks. It went public on the Nasdaq stock exchange in November 2010. Sodastream is currently headquartered in Israel, and has 13 production plants.

Judging by the feedback in a private sneak preview of today’s video, you won’t want to miss this video.

I hope you enjoy the video and more importantly learn how to use the technical tools mentioned so you can add them to your trading arsenal. For more information on the tools I use in this video, click here to visit MarketClub.

Enjoy the video and every success in your own trading,
Adam Hewison
 

By The Sizemore Letter

“Sell in May” would have been terrible advice for stock investors in 2013.  The S&P 500 tacked on about 4% in the month, even if the last week and a half was a little rough.

But for investors in REIT and MLP shares—which up until this month were two of the best-performing asset classes—have suffered something of a bloodletting.  The MLP sector, as measured by the JP Morgan Alerian MLP ETN ($AMJ) is down 6% from its May 20 close, and REITs, as measured by the Vanguard REIT ETF ($VNQ), is down more than 8%.

Looking at individual securities, the numbers get worse.  Realty Income (O), National Retail Properties ($NNN), and Retail Opportunities Investment Corp ($ROIC)—three solid REITs I hold in my Dividend Growth Portfolio—are down 15%, 14% and 10%, respectively.  Martin Midstream ($MMLP), a  high-yielding MLP I hold in the same portfolio, is down by just under 10%.

Utilities, telecoms and other “widows-and-orphans-appropriate” stocks have also taken heavy losses.

For stocks that were purchased precisely for their low-volatility and high-income properties, it’s frustrating to see that much value evaporate overnight, particularly when the broader market is holding up well.  But as investors, it doesn’t do us a lot of good to dwell on our frustrations.  We have to look forward and allocate our capital based on the options in front of us.

So, what are our options?  Is the bull market in dividend paying stocks over?

No.  REITs, MLPs and other income-oriented investments have vastly outperformed the market in recent months, and they were due for a much-needed correction.  “Boring” sectors cannot lead a broad bull market forever; eventually cyclical, economically-sensitive need to take leadership.  And that is what appears to be happening today.  Daimler ($DDAIF) and Cummins ($CMI), two industrial stocks held in some of my more aggressive portfolios, have been performing well, as have my Big Tech dividend payers Intel ($INTC), Microsoft ($MSFT) and Cisco Systems ($CSCO).

For the remainder of 2013, I see these stocks being in a sweet spot for income investors.  All pay respectable dividends, yet all should also benefit from a rotation from defensive sectors to growth sectors.

And what about REITs and MLPs?

I’m not quite ready to give up of those just yet.  The recent selloff was due to fears that the Fed would be unwinding its quantitative easing programs, and that bond yields would soar as a result.  But as the experience of Japan has proven, bond yields can stay much lower for much longer than most investors expect during a prolonged period of deleveraging.

Could the 10-year Treasury rise to, say, 2.5%-3.0% over the course of the next 12-18 months?  Absolutely.  But I would consider that the high-end of a long range that I expect to persist for the remainder of this decade.

In the meantime, both REITs and MLPs stand to benefit from durable trends that should continue irrespective of what the Fed does.  The American property market continues to heal, and the domestic energy boom continues to provide ample demand for pipeline assets.  Under even modest expectations, REITs and MLPs should be able to grow their cash distributions at a rate well in excess of inflation.

As you build your portfolio for the rest of 2013, overweight cyclical dividend payers, particularly those in the tech sector.  But make sure to save room for REITs and MLPs and be prepared to buy on any continued weakness.

Sizemore Capital is currently long every security mentioned. This article first appeared on MarketWatch.

SUBSCRIBE to Sizemore Insights via e-mail today.

By www.CentralBankNews.info

By Chris Vermeulen, thegoldandoilguy.com

Over the past couple week’s investors and traders have been growing increasingly bearish for the US stock market. While I too also feel this rally is getting long in the teeth there is no reason to exit long positions and start shorting.

My followers know I do not pick tops and I do not pick bottoms. This I explained in great detail in my previous report. There are more cons to that tactic and on several different levels (timing, volatility, emotions, lack of experience, addiction) than there are pro’s.

Keeping things simple, short and to the point here is my thinking for today and this week on the broad market. Remember my analysis is 100% technical based using price, volume, cycles, volatility, momentum and sentiment. I try not to let any emotions, gut feel, or bias flow into my projections. I say “TRY” because I am only human and at times when the market and emotions are flying high they still take control of me but that is few and far between.

So let’s get to the charts shall we!

SP500 Index Trading Daily Chart – SPY Exchange Traded Fund

The SP500 index continues to hold up within its rising trend channel and the recent pullback is bullish. Remember the trend is your friend and it can continue for very long periods of times ranging from days, weeks, and even months…

The US Stock Market MUSCLE Indexes

The charts below show and explain my thinking… But in short we need these two indexes to be strong if we want to see another major leg higher in the SPY, or to at least test the recent highs.

Today the market opened slightly higher and push up in the first 30 minutes with strong volume. Overall the market looks as though it needs a day pause/pullback before taking another run higher.

Small cap stocks are the ULTIMATE Risk On play and generate ridiculous gains in very short periods of time. I focus on these with my trading partner exclusively at ActiveTradingPartners.com where we have been making a killing on trades like: NUGT up 21% in 1 day and IOC up 11% in 2 days

Bullish Index Price, Volume & Candles

The SP500 has been very predictable the past couple weeks for both intraday trading during key reversal times in the market when price has pullback to a support zone, and also for swing trading. Last week we myself and followers bought SSO ETF when the market pulled back and we exited the next day for a 3.5% profit.

Yesterday was a perfect intraday example with the SP500 bottoming out at my 11:30am morning reversal time zone with price trading at support. Price then rallied into the close posting a 12 point gain on the SP500 futures for a simple momentum play pocketing $600.

US Stock Market Mid-Week Conclusion:

In short, I still like stocks as the place to be and will not get bearish until proven wrong. Once price reverses and the technical clearly paint a bearish picture with price, volume, momentum, cycles and sentiment will I start shorting the bounces.

This week is a pivotal one for the stock market so expect increased volatility and possibly lower lows still until the counter-trend flushes the weak position out before moving higher.

If you like my simple, clean and profitable market analysis join my NEWSLETTER: www.thegoldandoilguy.com/signup.php

Chris Vermeulen

EURUSD – The EURUSD Increases to 1.3107

It seems that the EURUSD has managed to form the basis near the support of 1.2825, since the pair’s decrease was limited by 1.2944 and 1.2955. Starting from 1.2955, the pair managed to resume its increase yesterday and hiked above 1.3020 again, overcame the 1.3070 resistance and tested the 1.3107 level. The recessions are limited by the 1.3057 support, where the pair remains in demand. If the EURUSD manages to hold above 1.3020-1.3000, then the pair may continue increasing towards the 1.3172 resistance. The drop below 1.2944 would mean the downtrend resumption.

The GBPUSD pair’s situation has become improved – the pair continued increasing almost without any rebounds yesterday. On the way to the 53rd figure, the bears habitually tried to return the pair downwards. But they failed to do it, since the pair was bought from 1.5237 – this level provided the pair with an opportunity to break through the 53rd figure and maintain the uptrend up to 1.5375 before the British pound dropped back to 1.5313. The pair is in demand at this level as well, but the bears continue their sluggish attempts to break downwards. If the support near 1.5310-1.5280 withstands, this will confirm the basis formation near 1.5040, as well as uptrend formation, whose target will be highs near the 56th figure.

The U.S. dollar was decreasing even in pair with the Swiss franc yesterday. The increasing attempts were interrupted at 0.9623, from which its rate dropped to 0.9407, having pulled back to 0.9495. Thus, the dollar is steadily moving down below the resistance line – this doesn’t make the bulls happy about it. Consequently, the bulls may wait until the pair drops to the 93rd figure. However, the 100-day MA is running near the 94th figure on the daily chart – it can provide the pair with the support. In this case, one can miss the correction completion, as well as growth resumption of the dollar while waiting and doing nothing.

The USDJPY was decreasing yesterday as well, which eventually caused the breakthrough of the 100.70-100.40 support proximity, as well as decrease to 98.86. There, the dollar faced a good demand, due to which it managed to return to 99.94. The punched support will act as the resistance level to opening shorts from. The pair is trading below all the moving averages on the daily timeframe, the Parabolic SAR is above the price chart. Thus, given the breakdown of the above mentioned support, it is safe to involve the downward correction development along with the following target at the 97th figure (in case 98.86 is passed). The increase above 101.60 will make you forget about the correction and recall the uptrend.

provided by IAFT

London Gold Market Report
from Adrian Ash
BullionVault
Tues 4 June, 08:00 EST

The WHOLESALE gold price slipped back below $1400 per ounce Tuesday morning in London as world stock markets rose and the Indian government tightened restrictions on gold importers once again.

After Monday’s weak US manufacturing data gave gold what Commerzbank calls “sufficient fuel” to touch the $1415 level – identified by some technical analysts as key resistance – the gold price dropped $8 in 15 minutes mid-morning.

With immediate effect, “Any import of gold on consignment basis [where the buyer has yet to pay for the gold] shall now be permissible only to meet the needs of exporters of gold jewellery,” the Reserve Bank of India said in a statement.

The world’s #1 consumer market for physical gold, India recorded a trade deficit worth $17.8 billion in March – equal to 11% of economic output.

Some 40% of March’s deficit was due to gold bullion imports.

“There’s no doubt that India is a strong demand market for gold,” says Manne Rasmussen, an analyst at the $650 million Vontobel Belvista Commodity Fund in Zurich, quoted by the Wall Street Journal yesterday.

Rasmussen says India’s surging gold demand was a reason Vontobel recently closed a bet on the gold price falling.

India’s government yesterday corrected the 262 tonnes of gold imports reported for May by Finance Minister P. Chidambaram to 162 tonnes.

That was still more than all Indian gold imports during April to June 2012, however.

“Physical buying in India [was already] virtually non-existent” Tuesday morning, said brokers Marex Spectron in a market note, “and Chinese demand is much smaller above $1400.”

“A recovery in the stock market is [also] currently a negative factor for gold,” Peter Fertig at Quantitative Commodity Research Ltd told Bloomberg today.

With developed world stock markets gaining 14.5% so far in 2013, according to Reuters data, the gold price has dropped 15.7% and silver bullion is down more than 25%.

Western households cut their demand for physical gold in May from April’s 16-month high, but remained positive according to Bullion Vault’s latest Gold Investor Index.

“There is a case to be made for a short-covering rally in the near term,” says TD Securities in Toronto, pointing to the record-large bearish betting by speculative traders in US gold futures and suggesting a possible move “into $1500 per ounce territory.”

Thursday’s interest-rate decisions in London and Frankfurt, plus Friday’s US jobs data, “[are] likely to keep price action choppy,” says Credit Suisse.

“Add in a dash of short-covering and it would not be too surprising to see gold reach the next technical resistance level of $1422/24 in the next few days, perhaps even $1445/50.

“However, we think that any short-term rally will be limited.”

Fellow London market maker UBS agrees, saying that “Gold is seemingly becoming less relevant in the current environment…prompting specs to take an aggressive short position in gold.”

If Friday’s US non-farm payrolls report is weaker than analysts expect, “The dominance of shorts increases the risk of a short-covering rally” in the gold price.

Stock markets rebounded worldwide meantime Tuesday morning, with Japan’s Nikkei index regaining half of Monday’s near-4% drop.

Turkish equities also rose sharply, as did the Lira and Ankara’s government bond prices, despite fresh anti-government protests across the country.

One protester died Monday in the city of Antakya, near NATO member Turkey’s border with war-torn Syria.

Despite prime minister Erdogan flying out to a planned meeting in Morocco, police today deployed water cannon around his official residence.

Turkey imported 43.5 tonnes of gold in May, according to the Istanbul Gold Exchange, just shy of April’s 5-year record.

Adrian Ash

BullionVault

Gold price chart, no delay | Buy gold online

Adrian Ash is head of research at BullionVault, the secure, low-cost gold and silver market for private investors online, where you can buy gold and silver in Zurich, Switzerland for just 0.5% commission.

(c) BullionVault 2013

Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

By HY Markets Forex Blog

West Texas intermediate crude futures dropped as it traded lower on Tuesday, moving back from the yesterday’s session on the weakness in the U.S dollar. WTI crude futures pushed back by 0.41% to $93.07 per barrel, as Brent Crude futures stood at 0.24% to $101.82 per barrel.

The US dollar index increased by 0.13% to 82.762. The Oil market is reacting to the fluctuations of the currency than the supply and demand mechanism, according to the market analysts.

An estimated 650,000 is expected to drop in stockpiles, according to reports from the government inventories released on Wednesday, declining from the 82-year high.

For the July settlement, Brent crude slid 24 cents to $101.82 a barrel on the ICE Futures Europe exchange. Increased from yesterday’s grade of $8.61, Europe’s benchmark grade rose to $8.77 to WTI Futures.

The U.S refineries boosted the operating rates, rising 0.6 percentage points to 87 percent of capacity, according to the Bloomberg survey.

The survey also indicated a possible increase of 1.2 million barrels in gasoline supplies last week, while inventories may have gained an estimated 1.5 million barrels.

The Institute for supply management (ISM) index of manufacturing activity for the month of May closed at 49.0, while this month’s ISM manufacturing purchasing managers’ index (PMI) indicates that it’s at its lowest since June 2009.

The post WTI drops after Monday’s session appeared first on | HY Markets Official blog.

Article provided by HY Markets Forex Blog