InvestMacro

By George Prior

We won’t know if the Brexit deal is good, bad or ugly for another 10 years.  If you’re serious about creating, building and safeguarding wealth in the next decade, you need to consider global opportunities.

This is the warning from the CEO and founder of one of the world’s largest independent financial advisory organisations.

deVere Group’s Nigel Green is speaking out as Downing Street confirmed that a “draft agreement” had been reached in Brussels after 19 months of negotiations to end the UK’s four decades of EU membership and that the British cabinet would meet at 2pm on Wednesday.

If the cabinet approves the draft it would mean a special European Council summit could be arranged to sign it off before the end of November, giving the UK’s Parliament the chance to vote on it before Christmas.

Mr Green affirms: “Theresa May now has to sell the agreement to her cabinet and Parliament.  This could be an uphill struggle.

“However, I believe that it will ultimately go through – largely due to the enormous pressure put on Parliament by the markets and business, which are craving more certainty.

“Once approved, we can expect markets and the pound to rally on relief – but this is likely to be only temporary.

He continues: “Make no mistake, this is not the end but the beginning of the Brexit process.

“We will not know if the deal is good, bad or ugly for another 10 years. It will be affected considerably by events still to happen.

“The ‘certainty’ that’s craved by the markets and business is likely to be short-lived as huge swathes of voters – fuelled by Eurosceptic politicians and other influencers – will not accept the deal, seeing it as politically unsustainable, which will have a destabilising effect and potentially lead to an ongoing constitutional crisis.”

Mr Green goes on to say: “In this environment of short, medium and long-term uncertainty, if you’re serious about creating, building and safeguarding wealth in the next decade, you need to think about global opportunities.

“Precautions must be taken against a fall in UK assets by increasing exposure to international options, including global stocks, bonds and perhaps property.”

In a media statement yesterday, the deVere CEO stated:  “In terms of investment strategy, if investors are already invested broadly across asset classes, sectors and regions, for instance by having a global multi-asset portfolio, they should sit tight. There is too much uncertainty around Brexit to be able to take strong bets on a region, asset class or even a currency.”

About:

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

Article By RoboForex.com

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, after being corrected to the upside by 76.0%, GBPUSD has started a new descending impulse. Possibly, right now the price is forming a mid-term sideways channel between 1.2662 and 1.3298. If the pair breaks the resistance at 1.3298, the instrument may continue growing to reach the retracement of 50.0% at 1.3517.

In the H1 chart, GBPUSD is being corrected upwards and has already reached the retracement of 61.8%. The next targets may be the retracement of 76.0% at 1.3090 and the high at 1.3174. The support level is the local low at 1.2827.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, the correctional downtrend has reached the retracement of 76.0%. Right now, the price is forming a new rising impulse. The closest upside target may be the high at 130.15. If the price breaks it, the instrument may continue growing to reach the retracements of 61.8% and 76.0% at 130.65 and 131.56.

In the H1 chart, the correctional uptrend continues; it has already reached the retracement of 50.0%. The next possible upside targets may be the retracements of 61.8% and 76.0% at 129.14 and 129.52 respectively.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After forming another consolidation range around 1.1240 and breaking it upwards, EURUSD has finished a new ascending correctional impulse and reached the short-term target at 1.1315. Possibly, today the price may fall towards 1.1268 and then grow to reach 1.1323 to complete the current ascending wave. After that, the instrument may resume trading inside the downtrend with the target at 1.1155.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is being corrected upwards to reach 1.3050. Later, the market may resume falling to break 1.2893 and then continue trading inside the downtrend with the short-term target at 1.2733.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is falling. Today, the pair may be corrected to the downside and reach 1.0050. After that, the instrument may start another growth with the target at 1.0145.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating at the top. Possibly, the price may form a reversal pattern. If later the pair breaks 113.61 to the downside, the instrument may form a new descending impulse with the target at 112.95. Later, the market may start another correction towards 113.55.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the target of the correction. Possibly, today the price may fall to break 0.7168 and then continue trading inside the downtrend with the short-term target at 0.7107.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating above 67.57. Possibly, the price may reach this target of this structure at 68.10 without any corrections. After that, the instrument may form another consolidation range. If later the pair breaks this range to the downside, the price may form one more descending structure to wards 65.60.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1200.95. Today, the pair may start a new ascending impulse towards 1206.55 and then fall to return to 1200.95. Later, the market may start a new growth with the short-term target at 1212.55.

BRENT

Brent is still trading downwards. Possibly, the pair may reach 63.89 and then start another correction to the upside towards 74.74. After that, the instrument may form one more descending structure with the target at 62.62.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

By TheTechnicalTraders.com

The recent upswing in NG prices has been an incredible trade for many, yet we believe a top is now forming in Natural Gas that could catch many traders by surprise.  The recent upside gap in price and upward price volatility would normally not concern long traders.  They would likely view this as a tremendous success for their long NG positions, yet we believe this move is about to come to a dramatic end – fairly quickly.

Our predictive price modeling systems are suggesting that Natural Gas may be setting up a topping pattern on weakness near our Fibonacci price target levels.  As you can see from this Daily NG chart, the upside price gap recently has prompted a big upside price move that ended near our Fibonacci price target levels marked as “Resistance” on the right side of this chart.  Normally, when the price reaches these levels, or near these levels, we expect price resistance to become a dominant factor.  Additionally, we need to highlight the potential for the higher Fibonacci target, near $4.00-4.15, to be reached on an extended move higher.  If this were to happen, we believe price would be strongly overextended and would likely rotate lower towards the $3.20 level rather quickly.

Support can be found near $2.60 to $2.80 on this chart and we believe the new highs, near $3.80, will likely extend the Fibonacci support targets a bit lower as price rotates to form the top pattern we are expecting.

It is a bit too early to actually “call a top” in Natural Gas at the moment, but we believe we are very near to setting up and forming a top reversal pattern in NG and are alerting our followers and members to this setup before it happens.  We believe a price top will continue to setup over the next week or so before a new downward price trend pushes prices back towards the $2.50 level where support will likely hold.

Historically, the month of November has shown a moderately positive outcome over the past 25 years (resulting in a +0.59 average upside bias with a nearly 52% probability ratio).  As of right now, NG is +0.46 for the November 2018 – indicating very limited upside range still exists.

For the month of December, NG historically results in a negative outcome (resulting in a -$2.61 average downside price bias with a nearly 60% probability ratio).  For the month of January, NG has shown a decidedly negative price outcome (resulting in a -$6.69 average downside price bias with a nearly 71% probability ratio).  Obviously, assuming these 25-year price studies are correct and their probability factors continue to be accurate, the upside move in Natural Gas may be very near a top and traders need to be aware of the potential for a quick and dramatic price trend reversal.

If you believe this type of research and analysis can assist you in finding and executing better trades, take a few minutes to learn about our team of researchers and how we can help you stay ahead of these market moves – visit TheTechnicalTraders.com today.  Our team of professional researchers and traders has been developing proprietary price modeling and analysis tools for decades and we believe we have some of the best predictive modeling systems on the planet.  Watch how this move in NG plays out to see how well we can help you find better trades and visit www.TheTechnicalTraders.com/FreeResearch/ to read more of our public research posts.

Chris Vermeulen

Analytics by JustForex

The EUR/USD currency pair

• Prev Open: 1.12176
• Open: 1.12892
• % chg. over the last day: +0.83
• Day’s range: 1.12762 – 1.13212
• 52 wk range: 1.1299 – 1.2557

EUR started to recover. During the yesterday“s trade, the EUR/USD quotes grew by more than 85% points. The trading instrument updated the local maximums. At the moment EUR/USD is consolidating. The key range is 1.12700-1.13100. A correction is possible soon. The investors are expecting important economic stats from the US. Positions should be opened from the key levels.

• – preliminary report on the GDP (EU) – 12:00 (GMT+2:00);
• – CPI Index (US) – 15:30 (GMT+2:00).

The indicators do not provide precise signals, the price fixed between 50 MA and 200 MA, which represent strong dynamic levels of support and resistance.

The MACD histogram is in the positive zone but below the signal line, which give a weak signal towards the purchase of EUR/USD.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates a bullish sentiment.

• Support levels: 1.12700, 1.12200, 1.12000
• Resistance levels: 1.13100, 1.13500, 1.14000

If the price closes above the support 1.13100, expect further correction. The movement will tend toward 1.13500-1.13800.

Alternatively, the price fixes below 1.13100, and you should consider selling EUR/USD. The movement will tend toward 1.12300-1.12000.

The GBP/USD currency pair

• Prev Open: 1.28475
• Open: 1.29710
• % chg. over the last day: +1.28
• Day’s range: 1.29553 – 1.30348
• 52 wk range: 1.2662 – 1.4378

Yesterday the GBP/USD was showing some agressive purchasing. The quotes have grown by 150 points and updated the local maximums. Great Britain and the EU reached a preliminary conslusion on Brexit after some long negotiations. The pound can recover further. The key trading range is 1.29500-1.30150. Positions should be opened from these levels.

At 11:30 (GMT+2:00) Great Britain will publish a Customer Price Index.

Indicators do not provide precise signals, the price fixed between 50 MA and 200 MA.

The MACD histogram is in the green but below the signal line, which gives a weak signal towards a purchase of GBP/USD.

The Stochastic Oscillator is around the overbought zone, the %K line crossed the %D. There are no signals at the moment.

• Support levels: 1.28400, 1.27800
• Resistance levels: 1.30150, 1.30850, 1.31400

If the price fixes above 1.30150 expect further growth of GBP/USD. The movement will tend toward 1.30750-1.31000.

Alternatively, the quotes can go down towards the round 1.29000.

The USD/CAD currency pair

• Prev Open: 1.32434
• Open: 1.32341
• % chg. over the last day: -0.17
• Day’s range: 1.32182 – 1.32485
• 52 wk range: 1.2248 – 1.3387

The USD/CAD quotes keep consolidating. There is not singular trend. The key support and resistance levels are still 1.32150 and 1.32500. Positions should be opened from these levels. The market participants are expecting the inflation stats from the US.

The news feed for Canada is calm for today.

The price fixes above 50 МА and 200 МА, which indicates the power of the buyers`.

The MACD histogram is in the positive zone and keeps rising, which gives a signal towards a purchase of USD/CAD.

The Stochastic Oscillator is in the Neutral zone, the %K line crosses the %D line. There are no signals at the moment..

• Support levels: 1.32150, 1.31800, 1.31450
• Resistance levels: 1.32500, 1.33000

If the price fixes above 1.32500, consider purchasing USD/CAD. The movement will tend toward the round 1.33000.

Alternatively, the currency pair can descend to 1.32000-1.31800.

The USD/JPY currency pair

• Prev Open: 113.832
• Open: 113.784
• % chg. over the last day: -0.03
• Day’s range: 113.752 – 113.989
• 52 wk range: 104.56 – 114.74

USD/JPY remains in the long flat. The technical picture is ambiguous. At the moment the local support and resistance are 113.700 and 114.000. Correction is highly possible due to the rapid growth since the end of October. You should keep an eye on the US Economic News Feed.

During the Asian trading session, Japan published rather weak GDP reports.

Indicators do not provide precise signals: the price crossed 50 МА.

The MACD histogram is around 0. There are no signals at the moment.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which gives a weak signal towards the sale of USD/CAD.

• Support levels: 113.700, 113.400, 113.000
• Resistance levels: 114.000, 114.200, 114.500

If the price fixes above the round 114.000, expect futher growth of the USD/JPY quotes. The movement will tend toward 114.200-114.500.

Alternatively, the quotes can descend towards 113.500-113.300.

Analytics by JustForex

by JustForex

Yesterday USD weakened against the major currencies. The USD index (#DX) retreated from the annual maximums and closed the trading session in the red. Further correction is highly possible. An additional pressure on the USD is caused by the political processes in the White House. Several important economic stats were published during the Asian trading session. According to the preliminary data, the GPD of Japan in the third quarter slowed down by 0.3%, as expected. In October, the industrial production volume in China increased by 5.9% (year-to-year), which is higher than the expected 5.8%.

The demand for the pound is significantly higher. Great Britain and the European Union reached the preliminary agreement regarding Brexit after long negotiations. Germany published weak GDP reports. During the third quarter, the growth of their economy was 1.1% (year-to-year) instead of the expected 1.3%. The financial market participants are expecting inflation reports from the US and Great Britain.

The prices for oil are showing a negative trend. Yesterday the WTI futures lowered by 7%. At the moment the price is 55.50 USD/barrel.

Market Indicators

The major stock indices in the US are showing mixed results: #SPY (-0,19%), #DIA (-0,46%), #QQQ (+0,08%).

The 10-year US government bonds yield is 3.14-3.15%.

• – Customer Price Index (GB) – 11:30 (GMT+2:00);
• – preliminary data on the GDP (EU) – 12:00 (GMT+2:00);
• – CPI Index (US) – 15:30 (GMT+2:00).

by JustForex

By Matthew Anthony, Alpari

Throughout the whole life a human being, we have to experience a lot of things. We also have to do a lot of work. In fact, if you think about the daily chores from your childhood to the adult years, you can think about a million or billion works. All of them requires a good amount of concentrations. It is a nature of normal human beings. If you do not use the power which makes you superior to any other species on this planet, you should not be given that respect. And this is also necessary for professional life. Actually, your professional life is the most important place where most concentration is needed. In this article, we are going to talk about giving the most concentration possible in a trading business.

No need for over thinking

When you join a work the first experiences will seem a little bit different. All people get think kind of environment where new things look a little bit difficult to adapt with. For that reason. Many traders think about giving the most effort possible for the trading business. Sometimes prior to that traders make it even more difficult for performing well. Because too much effort is not good for any work or profession. You should be delivering exactly how much it is needed for good outcomes. If you look at the currency price charts too often, the trading positions will be impacted. If the charts on your monitor have too many indicators, the mind will be distracted and disturbed from proper planning. Then when you think about a live trade too much, the closing of it will not be that much good. So, try to be a decent trader for the well-being of your own business.

Developing your mental stability

Psychology plays a great role in your life. If you learn to live your life with a positive vibe, you will embrace noticeable change. When it comes to Forex trading Australia, you should think like the elite class traders at Rakuten. They know very well trading is all about managing the risk exposure. You can’t change your life unless you know the perfect way to scale your losing orders. It might seem extremely difficult but if you follow the basic 2% rule of risk management, you will slowly understand the importance of risk management. Forex trading is an art and you must have a strong interest to overcome all the challenges.

You have to believe in yourself

If anybody doesn’t have enough confidence in him or herself, nothing will be possible for that person. Because the start of a project or a work happens into a person’s mind. This is known as the self-confidence of an individual. If a trader does not have enough in him or her, the trades which will be executed for good income, will not be any good. The positioning will not be right at the start of a trade. The rest of that trade will be history. To grow the quality of your trading business, you have to grow confidence in your ability. Otherwise, the plans and strategies of the trading process will not be implemented properly. So, think about it and try to give hope and strength to yourself when needed.

Rules and disciplines are a musts

There is another thing which grows the quality of any trader. It is the discipline we are talking about. For any kind of work, a person should be learning about the disciplines and rules. He or she should be regularly active in that work too.  If anything similar walks before your eyes every single day, it would easily get into the head. If it is your profession, the working process will be adopted easily. To earn money, you should be accepting anything that improves the trading quality. Think about this and try to follow a certain trading routine for your own business.

By Taylor Wilman

Admiral Markets UK Ltd. is pleased to announce the appointment of Robert Shadforth in the role of Executive Director.

Robert has worked in the London City since the 1980s, when he became a regulator at the AFBD and then the Securities and Futures Authority (SFA). As Head of International Regulation in the Policy Division of the SFA, Robert was responsible for, amongst other things, leading the negotiations with the US CFTC to gain access for UK firms to US persons, and coordination with the UK Treasury and EU regulators over implementation of the Banking Coordination Directive and the Investment Services Directive. He also drafted and implemented the first UK rules governing spread betting firms in the UK.

In 1996 Robert moved to the US investment bank, Bankers Trust, being responsible for EMEA Compliance and regulatory Liaison. He subsequently moved to Credit Suisse First Boston to perform a similar role before joining CDC IXIS Capital Markets in 2001 as a Managing Director in Compliance. This French investment bank, through a series of mergers, became Natixis, the investment banking arm of Groupe BPCE, the second largest French banking group, where he was an integral member of the London Executive Committee.

Robert left Natixis in Sept 2017 to spend time with his family and now joins Admiral Markets UK Ltd in London as a director of the board to assist the company and group with its increasing regulatory challenges.

Admiral Markets is delighted to have such a high-calibre professional join the team.

About Admiral Markets

Admiral Markets is a leading online Forex and CFD trading provider. In addition to a wide range of financial instruments, Admiral Markets offers free educational materials, including analytics, webinars and seminars.

www.admiralmarkets.com

By George Prior

Sterling-based investors and UK expats should take precautions against a volatile pound as it weakens on Brexit concerns, says the CEO of one of the world’s largest independent financial advisory organisations.

deVere Group’s Nigel Green is speaking out after the pound dropped Monday by almost 1 per cent against the dollar to $1.286 and 0.2 per cent against the euro to €1.142.  It follows growing doubts over whether Prime Minister Theresa May can win parliamentary support for a Brexit deal ahead of a planned summit in Brussels later this month.

It also comes after sterling took a battering on Friday after transport minister Jo Johnson resigned from his post, calling Theresa May’s Brexit deal “a terrible mistake”, and asking for a second referendum.

Mr Green comments: “Sterling is all about Brexit at the moment and we can expect it to be in for a rollercoaster ride due to the increasing uncertainty as deadlines approach and the growing opposition within Theresa May’s own government.

“Nothing has already been priced in, because the possible endings are so different. This is especially true with the Norway option once again being discussed by some Cabinet ministers, despite Mrs May having ruled it out with her red lines.”

He continues: “Sterling is currently priced in a middle ground, reflecting uncertainty on which way Brexit will go, and the outcome will make a significant difference.

“If it is abandoned, or the UK gets a Norway option, it could easily reach the $1.53 it was on the day of the referendum – despite fundamentals such as interest rates and growth favouring the U.S. dollar now more so than in June 2016. This is because currencies often overshoot as well as undershoot when sentiment changes.

“But a hard Brexit – a Canada deal- would result in a weaker sterling, perhaps down to $1.20 or so – levels tested over the last two years when the government has emphasised its red lines.

“A no-deal Brexit, with acrimony between the UK and the EU, would lead to a still worse outlook for growth and so would hurt sterling more.”

The deVere CEO adds: “The pound’s turbulence is perhaps understandably spooking sterling-based investors.

“UK nationals living overseas are also voicing fears regarding sterling unravelling.  Further falls in the pound would result in another big blow for those who receive British pensions or income in pounds as the cost of living would be significantly more expensive in real terms.”

Mr Green concludes: “In terms of investment strategy, if investors are already invested broadly across asset classes, sectors and regions, for instance by having a global multi-asset portfolio, they should sit tight. There is too much uncertainty around Brexit to be able to take strong bets on a region, asset class or even a currency.

“However, if they do not have such a portfolio, but perhaps remain with a strong home bias, then they should take action.

“UK citizens overseas should consider reviewing their personal financial strategies. This will help best position them not only to mitigate the risks surrounding Brexit-fuelled uncertainty, but also enable them to take advantage of potential opportunities that may arise.”

About:

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.