Tue 28th Apr 15, 17:51:41
The oil services sector has performed well recently on the back of the sharper-than-expected rebound in oil prices, but more is needed for the sector to achieve a fundamental improvement in its pricing power versus exploration and production customers, analysts at Exane BNP believe.
Search news for stories that mention a company:
Show only the stories that interest you with news filter.
Ten-year US Treasuries ended the session little changed, with their yield rising by just one basis point to 1.92%. 18 minutes ago
Risk appetite picked up slightly on Monday as markets digested news that Greece had revamped its bailout negotiating team in response to criticism from its Eurozone peers of finance minister Yanis Varoufakis. 37 minutes ago
Stocks dropped ahead of tomorrow's policy decision from the US Federal Reserve as nervousness surrounding Greece continued to simmer, 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. 2 hours ago
Labour Leader Ed Miliband acknowledged the contribution of immigrants to Britain, while outlining the party's immigration policies, which he claims would be enforced within 100 days of an elected Labour government. 4 hours ago
Greek Prime Minister Alexis Tsipras is convinced a deal will be reached with his creditors by 9 May. 3 hours ago
European equities were in the red after official figures showed UK economic growth slowed more than expected in the first quarter. 3 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.