Tue 28th Apr 15, 12:21:32
Shares continued to move lower ahead of tomorrow's policy decision from the US Federal Reserve, despite another drop in Greek sovereign bond yields after Athens bowed to pressure to re-jig the team in charge of negotiating with its international creditors.
Search news for stories that mention a company:
Show only the stories that interest you with news filter.
A worse-than-expected slowdown in UK economic growth in the first quarter weighed on the European markets at midday. 1 hour ago
Antennas developer and manufacturer MTI Wireless Edge said it will acquire Mottech, a provider of wireless control products for $4.75m in order to expand its business strategy. 54 minutes ago
Stocks in Asia remained mixed on Tuesday with reports that the People's Bank of China is expected to launch further monetary policy driving copper prices up. 2 hours ago
Independent oil explorer UKOG, which grabbed global headlines after initially claiming then backtracking on a potential 100bn barrel oilfield near Gatwick Airport, has admitted that one of its licences for the site is actually set to expire. 3 hours ago
Shares in Rose Petroleum tanked on Tuesday, after the oil explorer said it had chosen the Cisco Dome region for the first of its six new horizontal wells on the Mancos Shale in Utah. 2 hours ago
Revenues from Standard Chartered fell more than expected in the first three months of the year as the Asia-focused bank faced challenging trading conditions and said its deleveraging measures hit performance. 2 hours ago
Disclaimer: This news feed is provided by Digital Look Ltd. BullBearings Ltd do not necessarily share the views expressed within the stories. The stories are for general information purposes only and not a solicitation or personal reccomendation to deal. BullBearings Ltd accepts no liability or responsibility for any of the content contained in the information provided by Digital Look Ltd.
The GBP/JPY was in a well-defined bearish channel, which we identified last week and now we see that the price has finally broken out of the channel to the upside, taking with it some key resistance levels.
Besides breaking out of the upper trendline of the channel, the price has also broken the 200 day exponential moving average (blue line) and the round number level of the 179.00.
Trading in the capital markets requires a sound strategy that can incorporate a number of tools including forecasting specific price targets.
One way traders may forecast where prices are heading is by using mathematical equations to forecast potential targets. Harmonic price patterns use geometric price movements and combine these with Fibonacci numbers to define precise turning points. Unlike other trading methods, Harmonic trading attempts to predict future movements.
The currency markets are anticipating a huge sterling volatility spike in the immediate aftermath of the election vote, according to options software technology company ORE.
There is plenty of market chit-chat over the concerns and uncertainty around the UK elections. Neither David Cameron nor Ed Miliband are pulling ahead and an outright victory is becoming less likely. Trying to predict this election is one thing, but putting your money on it is another.
A bearish channel is really a consolidation which has a slight inclination to the downside, like the one we are seeing on the Daily chart of the GBP/JPY.
The bearish channel could be traded like any other channel where long positions are taken at the bottom boundary and short positions are taken at the upper boundary; however, we must be aware that the price may break out of the channel at any moment and take extra to prevent huge losses.
This strategy is based on well-known, very simple principles that are still valid. If you recognise megatrends early, you can achieve nice profits in the markets. You should try to achieve a good risk-reward-ratio (RRR) in your trades and you should limit your possible losses with the help of stop-losses based on technical analysis. This article was written in October 2014. The setup shown actually worked extremely well.