Resilient Euro Despite the Deceiving Economic News
Sept. 06, 2017 /Yassine Maaroufi/ -- The EURUSD fell 1.42% from last week’s high of 1.2070 after weak economic data relative to the major European economies. However, the pair stayed on the same course and did not break the previous uptrend. The EURUSD has been gaining steam since the beginning of the year, switching gears in mid-April and mid-June to rise even higher.
Oil Prices Fail To Rebound Despite Favorable Conditions
Sept. 04, 2017 /Yassine Maaroufi/ -- West Texas Crude Oil (WTI) prices broke out to the downside. It closed at $47.35 on Friday, down 5.62% during August. WTI failed to rebound into its previous uptrend. The American produced crude futures have priced in the effects of hurricane Harvey that touched ground on the Gulf Coast.
Time Warner Trends Up Towards Acquisition Price
Sep 2, 2017 /Yassine Maaroufi/ -- Time Warner (NYSE:TWX) closed at $101.60 in the middle of a correction. The stock price has been rising range-bound since the beginning of the year, 7.23% from $94.75. It is trending towards the $107.50 per share acquisition price announced with AT&T.
Major Indices Entering a Correction Phase
Sept. 08, 2017 /Yassine Maaroufi/ -- The Standard & Poor’s 500, covering US large caps has been heading down since the beginning of August, branching out of its current bullish trend, a seven-month long rally. It has bounced back however two weeks ago. It has reached a high of 2480 points above the previous support line but without reaching the previous peak of 2490 points. It has closed at 2465 points right on the support line. Technically the index is at a turning point and could either rejoin the bullish corridor or start a correction. The latter is particularly possible following the string of weak economic data released last week regarding employment. This week’s economic news has confirmed the direction set by last week’s releases with retreating factory orders compared to the previous month. Additionally, rising unemployment claims have reaffirmed the fragile state of the jobs market. The NASDAQ Composite has been following the same path as the S&P 500 although with sharper moves and a higher volatility. The NASDAQ closed at 6393 points, closer to its previous peak of 6460 points than the S&P 500. The S&P 400 however has closed more clearly on the bearish side of the chart. The midcaps index has been developing a correction and seems to be encountering resistance in place of its previous support. It fell 4.23% from a peak of 1795 points to 1719 points after hitting a low of 1686 points. Small caps have had a different course until now. After the quasi-sideways movements during the whole year, it is finally moving. Similar to midcaps the S&P 600 is extending its arms downward. Small caps were the only market segment to have a negative performance year-to-date closing -0.47%. The NASDAQ outperformed the rest with a 17.76% rise followed by the S&P 500 with 10.14% and the midcaps with a low 3.00% growth. The US stock market has been affected by the arrival of hurricane Harvey, which hit the US Gulf Coast provoking huge floods in Houston and other places. The hurricane has impacted the energy industry, which is omnipresent in the region with oilrigs, offshore platforms, refineries and pipelines. Most energy installations were closed down or had their working rate reduced. The stock market as a whole has been impacted by the successful North Korean nuclear test. The incident is the last of a series of shows of force from the part of the North Korean regime. Markets are pricing in the possibility of an armed conflict and the threat of the enemy’s long-range missiles, which, according to estimates, can reach most of the US territory including Washington. Like its US counterpart, the Japanese stock market has been hit by the threat of North Korean missiles, one of which flew over Japan last week. This incident highlighted the weakness of Japan in the face of such weapons. The NIKKEI 225 closed at 19396 points 1.50% from 19691 after the North Korean attack. The South Korean stock market is in an even worse shape, tanking since mid-July. It goes down further with each new attempt by it northern neighbor. The KOSPI closed at 2319 points almost below its previous dip.
Simple Gар Trаding Strаtеgу fоr thе Fоrеx Mаrkеt
Thе gарѕ thаt appear оn a сhаrt are рrеttу important. It iѕ a рriсе pattern whiсh саn оffеr information rеgаrding thе direction of thе price and thе strength of thе mаrkеt. On Fоrеx, bесаuѕе оf thе high liquidity, gарѕ аrе nоt thаt frеԛuеnt, but thеу dо арреаr еѕресiаllу after the wееkеndѕ.
Candlesticks In Day To Day Trading
Thе саndlеѕtiсk сhаrt iѕ one of thе mоѕt uѕеd charts in trаding nowadays. It is thought to have bееn dеvеlореd in thе 18th сеnturу bу a Jараnеѕе riсе trаdеr Munhiѕа Hоmmа. Hе diѕсоvеrеd thаt by drawing thе price movements as a “candlestick”, hе will hаvе mоrе information thаt can bе uѕеd in trаding. In timе аnаlуѕtѕ аnd statisticians hаvе diѕсоvеrеd раttеrnѕ which indicate with a сеrtаin рrоbаbilitу a соntinuаtiоn оr a reversal in thе рriсе action оf a сеrtаin instrument.
Wealth Management: What All Investors Should Know About Investment Funds
Investment funds are one of the best-recommended options, while it approaches wealth management. They are widely available at a number of price points, making them ideal for investors while they are expert or novice in investment. Investors can choose to invest in funds, in the industries and products they are interested in. They also have the option of the funds that are timed according to their individual needs, especially if they are approaching retirement age.
5 Key Investing Stages To Help You Achieve Financial Freedom
Sept. 18, 2017 /Lydia Wanjiru/ -- If you want to succeed financially, you must invest. Plan your financial short-term and long-term goals and objectives. It is no brainer that every journey must have a destination. In your financial journey, you need to put into consideration a number of things to achieve your goals at the end of it. This guide will give you a number of steps to take to help you to achieve financial security. 1. Establish your financial position To invest requires you to save money. To decide how much and where to invest, you need to do the basic self-financial analysis. You need to answer a number of questions like: • How much money do you have? • What assets do you possess and how much are they bringing? • How much money do you owe in terms of mortgages, personal loans, student loans, credit cards among others? It also involves doing future financial projections and deviations. For example, will the income remain steady, increase or decrease? Are there financial variations you are likely to encounter in the future? It also includes doing a past performance analysis in regards to money. Consider whether you are a thrift spender or a miser, check how you handle risk and emergency situations. This analysis is meant to help you establish what habits to keep and what to let go of. To succeed in savings and investments, you need sacrifice and discipline. 2. Develop an investment plan There is an old adage that goes, “failure to plan is planning to fail”. Making a plan helps you to make SMART choices. You need to set clear goals and objectives and the timeline to achieve them. Investing SMART means being Specific on what you are aiming to achieve financially. Being able to ensure that the goals are Measurable and Achievable. Being Realistic and Relevant on your financial goals and also get Time-oriented goals. Develop a SWOT analysis. This involves analyzing your financial strengths, weaknesses, opportunities, and threats. When you put that into consideration, you are able to make sound financial decisions. 3. Find a financial expert to guide you on the best investments for you A financial expert can help streamline your saving and investment choices. It is also imperative to seek the advice of a financial expert to help you make the right choices that most fit you, to know the right investments to make and to set realistic financial goals for yourself. 4. Choose the best Investment After knowing what you want and where you want to go, it’s time to take the leap. This step involves diversifying and choosing your investment portfolio. It involves buying stocks, bonds, investing in real estate, starting an income generating activity among others. 5. Review your savings and investments It is good to occasionally review the steps as it will help you know whether you are moving in the right direction or you have detoured. Do regular reviews of the performance of your different strategies and find out how they are performing. Savings and investment like any journey are bound to encounter potholes like inflation, price fluctuations, and volatility; but don’t lose focus of the ultimate goal. Get a financial advisor to explain to you the impact it may have on your investments and the right moves to make.
CoreLogic Reports a 16.9 Percent Year-Over-Year Increase in Mortgage Fraud Risk in the Second Quarter of 2017
Under the Patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, Saudi Arabia's Public Investment Fund Launches the Future Investment Initiative