Author Archive for InvestMacro – Page 407

Forex Technical Analysis & Forecast 08.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has broken the ascending channel. Possibly, today the price may form the fifth descending structure with the target at 1.1770 and then grow to reach 1.1800. Later, the market may continue falling inside the downtrend towards 1.1740.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed the descending impulse along with the correction. Today, the price may break the low of the first impulse and continue falling towards 1.3268. After that, the instrument may f start another correction to reach 1.3370.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached the target of the Flag correctional pattern. Possibly, today the price may grow towards 0.9875 and then fall to reach 0.9800. Later, the market may continue its growth with the first target at 0.9960.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading downwards; the first target is at 109.17. After that, the instrument may grow to reach 109.71 and then start another decline towards 107.90.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is forming the first descending wave. Today, the price may fall towards 0.7600 and then grow to reach 0.7640. Later, the market may continue falling inside the downtrend with the target at 0.7560.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 62.00. If later the pair breaks this range to the downside, the market may fall towards 61.18; if to the upside – start another growth to reach 63.20. After that, the instrument may resume falling to break 60.80 and then continue trading to the downside with the short-term target at 58.90.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

XAUUSD, “Gold vs US Dollar”

Gold is forming the first descending impulse towards 1294.00. Later, the market may grow towards 1298.00 and then form a new descending wave to break 1288.00. After that, the instrument may continue this decline to reach the short-term target at 1275.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

BRENT

Brent is forming a new ascending wave. Today, the price may form the third structure to reach 78.40. Later, the market may fall towards 76.40 and then resume trading to the upside towards the first target at 79.22.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

RoboMarkets Launches Real Stocks on R Trader

Limassol, Cyprus

RoboMarkets announces the launch of a new product on its multi-asset platform R Trader. Customers of RoboMarkets have the opportunity to trade in real stocks, placed on the largest US stock exchanges. After a lengthy development project, more than 11,000 new trading instruments are now available for trade.

RoboMarkets provides its customers an opportunity to invest in real American stocks of companies listed on the stock exchanges and take part in all corporate events as a genuine securities owner. Trading real stocks with RoboMarkets via R Trader can give customers the right to vote, the right to receive dividends automatically, and also, if necessary, they can be transferred to the accounts from another clearing house. Our customers can now enjoy a share of profits through dividends for their bought stocks and see the value of their stocks increase if the company is successful.

At the moment, RoboMarkets customers have the opportunity to trade in both CFD’s and real securities.

Kiryl Kirychenka, Product Manager of R Trader platform comments on the new exciting changes:

“As a multi- asset brokerage, with more than 6 years of history in the industry, we thrive to continuously provide our clients with new opportunities to diversify their portfolios. Up until today we offered our investors the possibility to trade 8 different asset classes and CFDs for American, German and Swiss Stocks. As we are a company that is constantly looking to provide its customers the best opportunities in online investment and the highest quality of services in both new and existing products we took our offering a step further with the introduction of real stocks trading through R trader. With the new development of real stocks we are able to accommodate a vast majority of traders with differential needs in a single online platform. With this bold new launch, we are able to provide our professional traders an arena to enter the stock trading with all its benefits. We have observed a large growing interest from our European customers for actual stock trading, which motivated the company to progress, and now we offer one of the most competitive trading conditions in this market.”

About RoboMarkets

RoboMarkets is an investment company with the CySEC license No. 191/13. RoboMarkets offers investment services in many European countries by providing traders, who work on financial market, with access to its proprietary trading platforms.

 

 

 

EURUSD: dollar on the attack as trading opens in Europe

By Gabriel Ojimadu, Alpari

Previous:

On Thursday the 7th of June, trading on the euro closed up against the greenback. The pair continued on its upwards trajectory, emboldened by the announcement from Peter Praet that the ECB is set to discuss its bond-buying program next week, and set a date for its termination.

With the support of the cross pairs, the euro jumped to 1.1839. The EURJPY pair has hit a new two-week high of 130.27. Buyers, however, didn’t manage to maintain their position. A declining pound along with a correction on the dollar brought the euro back down to 1.1796.

US data:

Initial jobless claims (1 Jun): 222,000 (forecast: 225,000, previous: 223,000).

Day’s news (GMT+3):

  • 09:45 France: industrial output (Apr).
  • 15:15 Canada: housing starts (May).
  • 15:30 Canada: unemployment rate (May), net change in employment (May), capacity utilisation (Q1).
  • 17:00 USA: wholesale inventories (Apr).
  • 20:00 USA: Baker Hughes US oil rig count.

Current situation:

My expectations were proven wrong yesterday. Optimism among euro bulls over QE caused me to lose some of my deposit. The rate came out of the reversal zone between the 112th and 135th degrees to reach 1.1838.

Thursday’s candlestick has a bullish body and a long wick. The EURJPY pair has made a pin bar model, which has been forming since this morning. This is the only euro cross that is currently trading down.

I conducted an analysis this morning and concluded that on the back of the rising crosses, the euro will recover to 1.1830 before dropping. The dollar has opened up in today’s European session and is currently trading up against all the majors. The EURUSD pair has dropped to 1.1771.

I’ve decided not to upload a chart today because the high level of activity from sellers at the beginning of the European session has shifted the 45th degree downwards. Analysing our pair’s growth prospects would require recalculating all the Gann levels.

On the hourly timeframe, an uptrend has formed from 1.1510. On the current hour, the trend line runs through 1.1730. Considering the dynamics of the euro crosses, I think that the bulls will test the bears’ nerves with some sharp fluctuations.

Trader attention today will be focused on economic data from the UK and Canada, as well as the G7 summit.

Ethereum has taken the world by storm…but how does it work and why is it becoming so popular?

Article by King Passive

King Passive shares the basics of Ethereum, how it works and what it is used for in a condensed version of their Full Ethereum Guide.

1. What is Ethereum?

Ethereum can be thought of as a virtual supercomputer.

It’s designed as a platform to host applications that can run without the need for human interference.

These applications are called ‘Decentralized Apps’, and I’ll explain how they work later in this guide.

The cryptocurrency, Ether (usually referred to as Ethereum) is the currency or “utility token” that you pay to use this virtual network.

2. How Ethereum Works.

2.1. Ethereum Blockchain.

Like Bitcoin and other cryptocurrencies, Ethereum has it’s own blockchain.

This is like a record of all transactions on the Ethereum network. It’s stored on nodes (computers, miners, etc.) across the world.

However, while Bitcoin’s blockchain just stores transaction records, Ethereum’s blockchain also hosts smart contracts and decentralized applications (DApps).

Smart contracts are contracts programmed to run by themselves. In simple terms, this means: If x happens, y results.

(I’ll explain Smart Contracts in more detail below).

The Ethereum blockchain keeps a record of the latest execution of each smart contract.

2.2. How Do Transactions Work?

Transactions, whether they are simple money transfers or executions of smart contracts or DApps, require “gas”.

Gas can be thought of as transaction fees. You pay for gas using Ether.

Transaction fees go to miners (explained below).

2.3. What Is Ethereum Used For?

Since you can program different smart contracts and DApps on the Ethereum blockchain, Ethereum use cases are only limited by the imagination.

This potentially makes Ethereum more useful than single use cryptocurrencies, such as Bitcoin (payments). It’s also led to the coining of the term “Blockchain 2.0” (programmable transactions).

Ethereum’s innovation in this regard has even led to copycats trying to mimic Ethereum’s popularity and success.

Note: Want to see how Ethereum works in the ‘real world’?

Check out section 7 of this guide for some examples.

2.4. ​Smart Contracts.

As mentioned, smart contracts are contracts that are programmed to run by themselves.

So why is this helpful?

Smart contracts can eliminate the inefficiencies often caused by middlemen.

Sources: BlockChainHubPricewaterhouseCoopers

 

Smart contracts get rid of middlemen like banks and even service providers like Airbnb and Uber.

For example, banks are usually the ones that give people loans.

Instead of having a bank, smart contracts could be written so that loans are disbursed once certain conditions are fulfilled.

For instance, once you pay your loan amount, funds could be disbursed into your account automatically without the need for a loan collector.

For something like Airbnb, instead of having Airbnb connect renters and landlords, smart contracts could grant a renter access to an apartment once he or she makes a payment.

The examples are endless.

Smart contracts could be revolutionary and have the potential to upend many industries and business models.

​2.5. Mining Ethereum.

When you make a transaction, this transaction is broadcast to the Ethereum network.

Miners verify transactions and group them into blocks (groups of transactions), which are added to the blockchain (groups of blocks or all Ethereum transactions).

The way that miners verify Ethereum transactions is via “proof of work”. However, they are planning to move towards “proof of stake”.

Miners, using their mining devices, such as computers or specialized mining devices, perform computationally difficult work.

Whoever finishes this work first gets to add a new block to the blockchain.

For their efforts, miners are paid in transaction fees (gas paid for in Ether) and newly created Ether (if they finish the work first).

About the Author:

Article provided by King Passive – A site on cryptocurrency that has written on Blockchain, Bitcoin, ICOs, and more. See the Full Ethereum Guide Here

 

 

Murrey Math Lines 07.06.2018 (USDCHF, GOLD)

Article By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is expected to fall towards the support at the 0/8 level.

USDCHF1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the H1 chart, the price has broken the 3/8 level and may continue trading downwards to reach the support at the 0/8 one.

USDCHF2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

USDCHF3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD made several attempts to break the 3/8 level, but failed. In this case, the price may resume falling to reach the support at the 0/8 level.

GOLD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 3/8 level, the instrument may resume falling to reach the support at the 0/8 one.

GOLD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

GOLD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

Ichimoku Cloud Analysis 07.06.2018 (AUDUSD, NZDUSD, USDCAD)

Article By RoboForex.com

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7652; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7615 and then continue moving upwards to reach 0.7745. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7540. In this case, the pair may continue falling towards 0.7440. After breaking the channel’s upside border and fixing above 0.7690, the price may continue moving upwards.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.7047; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7030 and then continue moving upwards to reach 0.7125. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6960.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.2946; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 1.2930 and then continue moving upwards to reach 1.3090. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.2870. In this case, the pair may continue falling towards 1.2745. After breaking the upside border of the Trianglepattern and fixing above 1.2995, the price may continue moving upwards.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

EURUSD: euro in demand over expectations of QE reversal

By Gabriel Ojimadu, Alpari

Previous:

On Wednesday the 6th of June, trading on the euro closed up. Traders were active at the beginning of the European session. There was a surge in volatility during ECB chief economist Peter Praet’s speech. He confirmed that the ECB’s executive board will discuss when to end the bank’s bond-buying program. The exchange rate went up to 1.1796 on the back of this. The session’s bullish trend was helped along by the euro crosses.

ECB board member Weidmann also gave the euro bulls a boost. He noted that inflation in the Eurozone is slowly returning to the ECB’s target level and that market expectations that the QE program will end before 2018 is over are plausible.

Day’s news (GMT+3):

  • 09:00 Germany: factory orders (Apr) – This is an important indicator for the euro, although the reaction to it could be mixed. If the report exceeds expectations, buyers will push the session high to its limit. If factory orders drop and come out lower than expected, growth will slow down.
  • 09:45 France: trade balance (Apr) – This doesn’t tend to have an effect on the euro’s dynamics.
  • 10:00 Switzerland: foreign currency reserves (May) – This doesn’t have an effect on currency markets.
  • 10:30 UK: Halifax house prices (May) – The pound is sensitive to this report, although it could still ignore it. We need to look at the general sentiment towards the pound.
  • 12:00 Eurozone: GDP (Q1) – This is uninteresting to speculators given that the second quarter is nearly at an end.
  • 15:30 USA: initial jobless claims (1 Jun) – Not relevant after the payrolls report.
  • 17:30 Canada: financial system review – Important for the Canadian dollar.
  • 18:15 Canada: BoC governor Poloz speech – Has a strong influence on the Canadian dollar.

Fig 1. EURUSD hourly chart. Source: TradingView

On Wednesday, the comments of two ECB board members helped the bulls recover to 1.18. In Asia, the pair is trading in the reversal zone between the 112th and 135th degrees. The dollar’s decline across the board along with growth on the euro crosses is pushing the EURUSD pair upwards. The pair is currently trading at 1.1803.

A bearish divergence has appeared between the price and AO indicator. This is a sell signal, but we’ve seen that this doesn’t work in practice when session trends are brought about by geopolitics and speeches from central bank officials.

On the hourly timeframe, everything is pointing towards a downwards correction. I reckon that the rate is going to drop below 1.1790 again, after which the drop will intensify. The trend line runs through this level. We’re currently in a sell zone (112 – 135), so I think the rate will drop to around 1.1710/20. Sellers have 2 resistance levels to overcome on the way; 1.1775 and 1.1752 (LB balance line and 45th degree).

There are some important events scheduled for today, which could impact the EURUSD pair via the euro crosses.

Fibonacci Retracements Analysis 06.06.2018 (GBPUSD, EURJPY)

Article By RoboForex.com

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the convergence made GBPUSD complete the downtrend and start a new correction to the upside. The targets of this rising correction may be the retracementы of 23.6%, 38.2%, and 50.0% at 1.3480, 1.3654, and 1.3790 respectively. The support level is the current low at 1.3204.

GBPUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, one can see the uptrend along with the divergence. After reaching the target, the instrument may start a new correction towards the retracements of 23.6%, 38.2%, and 50.0% at 1.3416, 1.3375, and 1.3342 respectively.

GBPUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY has reached the retracement of 50.0% and may have finished the downtrend. Right now, the pair is trading upwards. However, the downtrend may yet continue to reach the retracement of 61.8% at 123.53. Still, the targets of the current uptrend is the resistance level at 132.15.

EURJPY1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the uptrend is getting closer to the retracement of 76.0% at 129.76. The next upside target may be at 131.39. At the same time, the divergence is being formed, which may indicate a possible pullback in the future.

EURJPY2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

Forex Technical Analysis & Forecast 06.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has completed the ascending structure towards 1.1700 and right now is consolidating around it. According to the main scenario, the price may fall to reach 1.1680, break it, and then continue trading to the downside towards 1.1633. However, an alternative scenario implies that the pair may break this range to the upside and continue the correction to test 1.1752 from below.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has formed another consolidation channel. If later the pair breaks this range to the upside, the market may continue the correction towards 1.3465. After that, the instrument may resume falling inside the downtrend with the target at 1.3190.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating. If later the pair breaks this range to the upside, the market may grow towards 0.9960; if to the downside – continue the correction to reach 0.9800.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading to break the current consolidation channel upwards. Possibly, the price may continue trading to the upside to reach 110.45 and then start another decline towards 108.30. Later, the market may break this level and continue falling with the target at 106.25.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the target of the first descending impulse and right now is trading close to the upside border of the range. According to the main scenario, the price may fall towards 0.7595, break it, and then continue trading to the downside with the target at 0.7520.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached the downside target of the correction. Today, the price may form a new descending structure towards the short-term target at 60.80.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

XAUUSD, “Gold vs US Dollar”

Gold is trading to rebound from 1299.00. The target is at 1288.00. If later the pair breaks this level to the downside, the market may continue trading to the downside with the short-term target at 1270.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

BRENT

Brent is moving up; it has broken 75.40 and may continue growing to reach 77.15. After that, the instrument may form a new descending structure with the target at 75.50 and then continue trading to the upside towards the short-term target at 80.00.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

Ideas for Investing with Low Capital

It’s a common misconception that people need thousands of dollars in capital to start investing. The amount of capital you need really depends on the type of investment you seek. For example, if you want to invest in property, you would certainly need a lot of capital. But there are plenty of other options to invest in with much lower volumes of capital.

If you don’t have a lot of money to invest, here are some exclusively low capital investment ideas to consider:

Buy U.S. Treasury Security

Treasury bonds issued by the U.S. government are considered to be one of the best forms of investment in the world. The U.S. is the largest economy in the world and, more importantly, has proven to be remarkably resilient through the years. An American treasury bond, therefore, can become a very lucrative form of investment in the long run.

Treasury securities vary in price, of course. But some are available for as low as $100. These fixed-income bonds can be bought with maturity periods that can be as short as 30 days or as long as 50 years.

The bonds pay off interest on a biannual basis. It’s a great way to earn some passive income with little overhead capital.

Buy Cheap Stocks

Super cheap penny stocks are controversial. But if you buy these the right way, you can turn tiny amounts of capital like a dollar or five bucks into potentially hundreds of dollars. Even a single dollar of pink sheet stock that earns ten dollars is a remarkable rate of return.

The key to finding the best penny stocks is to do your research. It’s important to distinguish between stock that comes from worthless and possibly fake entities and stock that belongs to a small startup with great potential. Don’t assume that all cheap stock is worthless. For example, Walmart and Sirius XM were once penny stocks.

Spend It on Wine

Wine grows in value with age. So a $200 wine bottle today could be worth ten times more in ten or twenty years. This is a great investment option to consider if you know your wines and can keep yourself from draining the bottles stored at home.

Keep in mind that those really cheap sparkling wines sold at supermarkets don’t make great wine investments. Invest in a respected wine label to earn a real return in the future. It would help if you read up on the subject if you are unfamiliar with wine labels.

Join a Crowdfunding Startup

Some startups that crowdfund its capital allow people with even small amounts of money to become early investors. This is a good option to consider as long as the startup promises returns in some form of ownership or cash payments.

Companies that offer a finished product in return for funding are not good investment opportunities (unless you really want the product). If the startup accepts your money with a contract to offer stock, return payments with interest, or any type of cash, then it is worthwhile to consider investing in.

Who says investing requires everything you have saved? When you are down on cash, use the above options to invest in both the long and short-term.

By Taylor Wilman