21 / 08 / 2018 | Analisi tecnica

Technical Analysis 21.08.2018 – EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from below, current cloud is descending. The instrument has been corrected to the Tenkan-sen line. The closest support level is Tenkan-sen line (126.22). One of the previous maximums of Chikou Span line is expected to be a resistance level (127.06).




On the daily chart Tenkan-sen line has crossed Kijun-sen from above, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (125.60). The closest resistance level is Tenkan-sen line (126.95).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
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21 / 08 / 2018 | Notizie sul mercato

US and China resume trade talks

The tension between the United States (US) and China regarding their trade relations rages on, but, in the last few days, there seems to be an effort from both sides to reduce it. The trade talks between representatives of both sides scheduled for the end of August 2018 could be a starting point, according to global market analysts. 

Mid-level trade talks are expected to focus on the value of the Chinese Yuan (Renminbi) compared to the US Dollar. According to a CNBC report, published on Monday August 20th 2018, the US Dollar has gained a bit more than 6% against the Chinese Yuan in the first eight months of 2018. The CNBC report noted that much of the US Dollar’s appreciation occurred during July and August 2018. The last time that the US Dollar traded around 7.0 against the Chinese currency was in May 2008, more than 10 years ago. 

The Chinese Yuan began to lose value when the US President Donald Trump spoke against the Chinese government’s trade policies, stressing that it’s unfair towards the US and pledged to do whatever he could to reverse the situation. Listening to US threats of sanctions against China made global investors worried and sent the world’s major stock markets down as there was no guarantee that there won’t be an escalation. The US Federal Reserve’s (Fed) move to raise its benchmark interest rates to 2% drove the US Dollar’s value up, affecting its exchange rate with the Chinese currency. 

Some analysts suggest that the Chinese government allowed the country’s currency to depreciate as a countermeasure to the imposed US sanctions on Chinese products. However, they are not sure whether this policy helped the Chinese economy withstand the sanctions’ pressure or made the situation worse. The weakness of the Chinese Yuan makes imports of materials more expensive from the rest of Asia which raises the cost of Chinese produced goods, and the surging government debt denominated in  US Dollars increases the doubts of analysts about the Chinese policies. 

The CNBC report notes that, during the upcoming meeting between US and Chinese officials, it is likely that the US side will express its discomfort regarding the Chinese Yuan’s depreciation. A report by the political risk consultancy Eurasia Group, released on Friday August 17th 2018, noted that the Chinese side will likely respond by saying that “China is not seeking to weaken the currency but allowing the exchange rate to respond to the pressures of the trade war, a slowing domestic economy, and monetary easing.”

A Wall Street Journal (WSJ) article on Saturday August 18th 2018 said that “the US and Chinese negotiators are outlining a roadmap to end their trade impasse ahead of the meetings scheduled between the US President Trump and his Chinese counterpart Xi Jinping in November 2018.” The article mentioned that the two sides want to keep a deepening trade dispute from torpedoing the US-China relationship and further shaking the global financial markets. 

Nomura, which is one of the largest financial services groups with headquarters in Asia, published a report on Sunday August 19th 2018 in which its market analysts suggested that additional protectionist measures from the US administration should be anticipated. “We expect the Trump administration to move ahead with the 25% tariff on an additional $200bn in Chinese imports, whether in full or by installments, with an announcement sometime after the USTR finishes the review process on September 6th 2018. There is still a significant amount of uncertainty around trade as developments could fare better or worse than we expect,” was noted in the Nomura report.

STO and trading the US Dollar

The US Dollar against the Euro, the US Dollar against the British Pound and the US Dollar against the Japanese Yen are just three of the major currency pairs that you can trade with on the STO platform. STO provides its clients with all the necessary educational material such as webinars to help them with preparing the suitable trading strategy. 

Trading Forex and CFDs, which are leveraged products, are high risk investments and puts your capital at risk. You may sustain a loss of some or all of your invested capital. Only speculate with money you can afford to lose.
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20 / 08 / 2018 | Analisi tecnica

Technical Analysis 20.08.2018 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from below, current cloud is descending. The instrument is trading around lower border of the cloud. The closest support level is Tenkan-sen line (80.50). The closest resistance level is the upper border of the cloud (80.85).




On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (80.10). The closest resistance level is Tenkan-sen line (81.25).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
...
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17 / 08 / 2018 | Analisi tecnica

Technical Analysis 17.08.2018 – EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from below, current cloud is descending. The instrument has broken through Tenkan-sen and Kijun-sen lines. One of the previous minimums of Chikou Span line is expected to be a support level (125.31). The closest resistance level is the lower border of the cloud (126.67).




On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (125.01). The closest resistance level is Tenkan-sen line (127.16).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
...
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17 / 08 / 2018 | Notizie sul mercato

Turkish economy hurt by US sanctions

The economic and political uncertainty in Turkey have shaken the Asian country’s economy and seemed to affect the global markets during this week. The country’s currency, the Turkish Lira lost much ground in the last few days against its competitors. However, the decision of the Turkish central bank to support the Lira and other moves made by the Turkish government made the currency regain some of the lost value. 

Turkish Finance Minister speaks about the economy

On Thursday August 16th 2018, the Turkish Finance Minister Berat Albayrak told major investors who are interested in the updates that “Turkey fully recognizes the economic challenges. Turkey will emerge from the current period of volatility stronger. Berat Albayrak noted that the government has no intention to impose capital controls which could restrict the movement of capital in and out of the country. 

Berat Albayrak’s call to investors was deemed important as the condition of the Turkish economy significantly deteriorated in the last weeks. The Turkish Finance Minister denied the rumour that his country is ready to ask for the assistance of the International Monetary Fund (IMF) which has helped in the past with economic aid and advice the Asian country. He stressed that Turkey remains committed to the free market, “despite the fact that we are experiencing unfavourable conditions which we will overcome.” 

Investors listened to Berat Albayrak saying that reducing inflation is one of the top priorities for the economic cabinet. Currently, the Turkish Consumer Price Index (CPI) inflation is running at 15% which is rather high for an economy that wants to be competitive by global standards. The economic cabinet has set as target the reduction of inflation in single digits as soon as possible. The Finance Minister of Turkey said that his country wants to boost its primary budget surplus, adding that he has asked from all ministries to contribute to an ambitious savings programme. He also stressed that “fiscal discipline is one of the anchors of the economy”, in an effort to convince investors that the cabinet will put a strain on spending. 

Regarding the banking sectors, Berat Albayrak repeated that it is strong and healthy and that the recent stress tests ran by the central bank of Turkey confirmed that. He also mentioned that volatility experienced in the economy is not triggered by fundamentals. Albayrak assured investors that the banking sector is capable of managing the situation and that there haven't been major deposit flows, stressing that support from the government will be provided if needed.

Turkish Lira volatility

The diplomatic spat with the United States (US) earlier in the week had sent the Turkish Lira to a downward spiral which made it hit a record low of 7.2 to the US Dollar. The Turkish currency has lost almost 20% of its value during the last month. Berat Albayrak’s call seemed to calm investors making the Turkish Lira gain 2.5% in value early morning on Thursday August 16th 2018. 

On Monday August 13th 2018, the Turkish central bank announced that it would help the country’s banks by reducing the Turkish Lira and the foreign currency reserve requirements. However, the central bank of Turkey didn’t proceed in hiking its benchmark interest rate in order to help curb the high CPI inflation as some analysts were anticipating. 

On Thursday August 16th 2018, the US Treasury Secretary Steven Mnuchin assured the US President Donald Trump at a cabinet meeting that sanctions were ready to be put in place if the US pastor Andrew Brunson is not released by the Turkish authorities. President Donald Trump wrote on Twitter that “Turkey has taken advantage of the United States for many years. They are now holding our wonderful Christian Pastor, who I must now ask to represent our Country as a great patriot hostage. We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!”

Trade with STO

STO clients can trade with more than 30 major, exotic and minor currency pairs on one of the advanced online trading platforms in the market. STO provides its clients with all the necessary educational material such as webinars to help them with preparing a suitable trading strategy.

Trading Forex and CFDs, which are leveraged products, are high risk investments and puts your capital at risk. You may sustain a loss of some or all of your invested capital. Only speculate with money you can afford to lose.
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16 / 08 / 2018 | Analisi tecnica

Technical Analysis 16.08.2018 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (79.69). The closest resistance level is Tenkan-sen line (80.14).




On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (79.84). One of the previous maximums of Chikou Span line is expected to be a resistance level (80.47).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.

 
...
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15 / 08 / 2018 | Notizie sul mercato

UK CPI inflation and US retail sales in the spotlight

On Wednesday August 15th 2018 the Office for National Statistics (ONS) will publish a report regarding the United Kingdom’s Consumer Price Index (CPI) inflation in July 2018. Another ONS report will show how much UK retail prices changed during July 2018. In the United States (US), the US Census Bureau is expected to release data associated with the retail sales in July 2018. 

UK CPI inflation

The most important of the releases is the UK’s CPI inflation data. The CPI is an indicator used to measure the rate at which the prices of goods and services bought by households rise or fall, which is the rate of inflation, referred to as the CPI inflation. Analysts are anticipating that the CPI inflation picked up coming in at 2.5%, on an annualised basis. In June 2018, the UK’s CPI inflation came in at 2.4% on annualised basis, unchanged from May 2018 and below the analysts’ expectations for a 2.6% figure. The 2.4% CPI inflation figure is the lowest reading since March 2017.

 The ONS will also release data regarding the UK’s core CPI inflation in July 2018. Core CPI inflation is inflation excluding the prices of seasonally volatile products such as food and energy. According to analysts’ forecasts, the UK’s core CPI inflation is expected to have increased from 1.9% recorded in June 2018 to 2.2% in July 2018 on a year-to-year basis.

 Market experts are expected to scrutinize another ONS report regarding the Retail Price Index in July 2018. The Retail Price Index (RPI) measures changes in the prices of goods and services bought for household consumption in the UK. The RPI takes a large sample of retail goods including food, tobacco, household goods and services, transport fares, motoring costs, clothing, and leisure goods and services. An increase in the index means that prices have increased on average (inflation) while a decrease means that prices on the whole have fallen (deflation). Economists forecast that the RPI increased by 3.6% on a yearly basis during July 2018 and by 0.4% on a month to month basis. 

US retail sales in July 2018

In the US, the most significant financial updates of the day will be linked with the retail sales. The retail sales data is awaited as they will give a first glance at the strength of consumer spending as the third financial quarter of the year starts. Economists forecast that the US retail sales surged by 0.1% on a monthly basis, a reduced pace of growth when comparing with the 0.5% figure recorded in June 2018. 

However, market analysts will take into consideration the so called “retail control” alternative measure of sales which is used by the US financial authorities to calculate the country’s GDP growth. They expect that this measure will show the retail sales rebounding by 0.4% on a month-to-month basis after being flat in June 2018. 

Trade the British Pound and the US Dollar on STO

STO clients can trade with more than 30 major, exotic and minor currency pairs on one of the advanced online trading platforms in the market. STO provides its clients with all the necessary educational material such as webinars to help them with preparing a suitable trading strategy.

Trading Forex and CFDs, which are leveraged products, are high risk investments and puts your capital at risk. You may sustain a loss of some or all of your invested capital. Only speculate with money you can afford to lose.
...
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14 / 08 / 2018 | Analisi tecnica

Technical Analysis 14.08.2018 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument has been corrected to the Tenkan-sen line. One of the previous minimums of Chikou Span line is expected to be a support level (80.17). The closest resistance level is Kijun-sen line (81.23).




On the daily chart Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (79.43). The closest resistance level is Tenkan-sen line (81.45).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.

 
...
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13 / 08 / 2018 | Analisi tecnica

Technical Analysis 13.08.2018 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (80.03). The closest resistance level is Tenkan-sen line (81.04).




On the daily chart Tenkan-sen line has crossed Kijun-sen from above, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (80.00). The closest resistance level is Tenkan-sen line (81.58).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
...
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13 / 08 / 2018 | Notizie sul mercato

Economists focus on Eurozone GDP and UK salaries data

On Tuesday August 14th 2018 the financial news updates will be dominated by reports coming from the Eurozone and the United Kingdom (UK). On that day, Eurostat which is the official statistical office of the European Union (EU) will publish preliminary data regarding the growth of the Eurozone’s Gross Domestic Product (GDP) during the second quarter (Q2) of 2018. 

In the UK financial analysts will be expecting the release of data associated with the average earnings, including and excluding bonuses, in June 2018 and the unemployment rate during the same month. The reports published by the Office for National Statistics (ONS) are considered important as they give a detailed view of the employment market to the economists. A less significant ONS data release in the UK will be linked with the number of people who claimed unemployment benefits during July 2018. 

Eurozone GDP Q2 2018

Eurostat will publish its 2nd estimate GDP growth data in a report that will be anticipated by the financial market experts. According to the economists’ forecasts, the Eurozone’s GDP growth during the second quarter of 2018 is expected to come in at 2.1% on a year to year basis. On a quarterly basis, the Euro-bloc’s GDP growth is expected by market analysts to hit 0.3%. 

On July 31st 2018, Eurostat published its first estimate for the Eurozone’s GDP which matches the expectations for the second estimate. A report released by Internationale Nederlanden Groep (ING) on July 31st said that “perhaps still temporary, but factors with a longer shelf life seem to have brought Eurozone GDP growth down to a lower cruising speed for the moment. The confidence impact of a trade row and weaker real household income growth seem to be spoiling the European market conditions for the moment. Trade uncertainty seems to have already had a significant effect on the Eurozone economy in the second quarter of 2018.”

UK average earnings and unemployment rate

Economists will be also expecting to scrutinize the ONS reports regarding the average earnings in the UK and the country’s unemployment rate during July 2018. The average weekly earnings excluding bonuses released by the ONS is a key short-term indicator of how levels of pay are changing within the UK economy. The unemployment rate released by the ONS represents the number of unemployed workers divided by the total civilian labour force. It is a leading indicator for the UK economy.

According to the economists' forecast, the average weekly earnings excluding bonuses in the UK will have likely risen by 2.6% in June 2018, a bit less than the reading recorded in May 2018. The average weekly earnings including bonuses are expected to have risen by 2.5% as it had been measured in May 2018. 

Economists suggest that during June 2018 the unemployment rate in the UK remained stable at 4.2%. According to the ONS, the 4.2% figure is the lowest recorded in the last 42 years. In May 2018, the unemployment rate 4.2% figure had come in line with market expectations.

Trade the Euro and the British Pound on STO platform

The Euro against the US Dollar, the US Dollar against the British Pound and the Euro against the Japanese Yen are just three of the major currency pairs that you can trade with on the STO platform. STO provides its clients with all the necessary educational material such as webinars to help them with preparing a suitable trading strategy. 

Trading Forex and CFDs, which are leveraged products, are high risk investments and puts your capital at risk. You may sustain a loss of some or all of your invested capital. Only speculate with money you can afford to lose.
...
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