WTI's strong rejection of the lows takes us back inside the lower bollinger band whilst USDCAD struggles to re-test the highs, leaving potential for a counter-trend trade to be considered.
Read moreRBNZ find themselves in a renewed tricky spot; Whilst fundamentals have improved they still have an irritatingly high currency at a time when select trade partners appear on the brink of further depreciation. Electronic card retail sales expanded 1.1% in April compared with -0.3% prior, whilst expanded a respectable 4.5% YoY versus 5.6% prior.…
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The Securities and Exchange Commission (SEC) charged a former employee with securities fraud in connection with his trading of options and other securities. The SEC’s complaint alleges that David R. Humphrey, who worked at the SEC from 1998 to 2014, concealed his personal trading from the SEC’s ethics office and later misrepresented his trading activities…
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BackgroundYesterday's bearish bias was confirmed as EURBGP moved deeper below the 13 Day Moving Average, with selling pressure steady throughout the day. With immediate studies being negative we are expecting any bounce to be temporary and for the downside to develop.Management and risk descriptionA move through 0.8393 means the stop can be lowered to break…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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The US shale oil industry has seen a marked recovery since February last year because of higher oil prices. The US Baker Hughes data, that records the number of new Oil Rigs, is showing additional Rigs added every week. The increase in shale oil supply has offset OPEC’s recent output cut effort to an extent.…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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Schizophrenia is a disorder of the mind characterised by hallucinations and delusions. This is, in my personal view, not too harsh a term to apply to the euro. After all, it is a currency whose DNA was created in an economic experiment that sought to weld 19 diverse economies together under the rule of the…
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The European Commodity Clearing (ECC) just announced that cooperates with KB TECH Ltd. to expand access to cleared commodity markets for trading participants. KB TECH is a UK based software development company providing data management services and products to the trading, pension and financial markets. KB TECH has launched a dedicated portal “KB Portal” which…
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