Friday, 15 December 2017

Spread Betting with ActivTrades

Spread betting is a kind of speculation that includes taking a bet on the price movement of a security. For example a spread betting company quotes two prices, the bid and offer price (this is called the spread), and investors bet whether the price of the underlying stock will be lower than the bid or higher than the offer. You do not need to own the underlying stock in spread betting, because you simply speculate on the price movement of the stock.

My broker, ActivTrades, offers 
incredibly favourable Spread Betting conditions and here are the advantages the advantages of which you may benefit:
  • Spread betting is available on Metatrader 4 and 5;
  • The minimum stake is 10 pence per point;
  • The leverage is up to 1:400 giving traders the opportunity to trade larger positions with smaller capital requirements;
  • You can trade on your PC, tablet or smart phone while enjoying fast execution and being able to use automated trading;
  • You can spread bet on Forex, Indices, Metals, Commodities, LSE Shares and Fixed Income from a minimum stake of 10 pence and up to £100 per point;
  • Spread betting profits are tax free for UK residents.

Thursday, 14 December 2017

Gold unable to extend the post-Fed gains

Following the Fed’s rate hike decision gold prices surged and marked one week high at the level $1259.00, but today is seen few pips lower, hovering around a neutral space at $1255.00. The US Dollar’s selling pressure is relieved by the uptick in the US Treasury bond yields which further impedes the gold bulls.
On the four hour time frame XAU/USD crossed to above its 20-day SMA that is starting to turn north while the 100-day and 200-day SMAs are showing bearish slopes. RSI has reached 60 level but currently is changing the direction. Stochastic is displaying strong bullish momentum and is located within extreme overbought territory and some exhausture
exhaustion begins to emerge.
Immediate support comes at $1250.00, below which bears are likely to test $1247.00. Looking to the upside first resistance is provided by the daily high at $1259.00 and in case bulls succeed to regain this level, next target is the 200-day SMA at $1267.00.
Later in the day
monthly retail sales and initial jobless claims are due from the US and in case of affected greenback, fresh impetus would be given to the precious metal.

Wednesday, 13 December 2017

EUR/USD Fed’s hike is pushing the pair towards 1.1800

After a two day meeting the FOMC finally announce its widely expected decision to hike the benchmark interest rate by 25 basis points to the target range of 1.25% - 1.50%. Following this the greenback lost its momentum and the EUR/USD pair was seen uplifted to currently trade at 1.1790 and seems that is climbing towards 1.1800. 
On the four hour time frame the price has crossed to above its 20-day SMA, which is starting to turn north, while the 100-day and the 200-day SMAs are still staying flat and are proving good resistance and support levels, respectively at 1.1830 and 1.1750. RSI and stochastic had turned sharply to overbought areas and are displaying strong bullish momentum. 
However first hurdle to the upside is seen at 1.1815 and in case euro bulls fight it, doors will be opened for testing the 1.1835.  

Tuesday, 12 December 2017

GBP/USD Limited upward potential

The UK November CPI release today showed best figures the last five years, having 3.1% increase on yearly basis and the inflation exceed the expectations of 0.2% and is p with 0.3%. Following the news the GBP/USD dropped to two weeks low at 1.3310, but the weakened greenback supported the bounce to the daily high at 1.3380. At this point the pair found strong resistance provided by the 50% Fibonacci retracement of latest bullish upleg. As seen on the four hour time frame the price retreated from this level and currently is hovering around 1.3320. On the same chart the 20-day SMA is displaying bearish slope above the price movement, while the 100-day and 200-day SMAs had eased their bullish stance. Stochastic has recovered from its extreme negative territory and started to turn north, but yet remains below 20. RSI is around 30 and has lost directional strength.
Stronger impetus the pair will get on Thursday when BoE will announce its monetary policy decision. Until then GBP/USD will remain range bounded. 

Monday, 11 December 2017

The God That Failed

A week after President Trump decided to  recognise Jerusalem as Israel's capital, there are plenty of reasons to here the hell bells.
Palestinian claims were not mentioned at all so no one is aware about how they feel about the eastern part of the city and are they ready for the two-state solution.
More questions were raised up after the Secretary of State Rex Tillerson’s statement that this event will not be possible even during next year.
So, what’s really happening?  
Trump states that this move is  “advance the peace process and to work towards a lasting agreement”. 
But I think that the God's role model do not fit him.
Palestine is forming lots of protest having the support by the  Middle East and Muslim-world capitals. During the past weekend four people have been killed in the Gaza Strip and at least eight people are injured after the clashes in Beirut in front of the US Embassy. 
"No one is going to touch us, because I'm so unpredictable." Exactly this Trump’s campaign promise is done. 
Moral conundrum or indefinite occupation? Whatever it is, no human should suffer it. 
How do you believe the piece will happen? 
Broken is the promise, betrayal.

Saturday, 9 December 2017

EUR/USD To make or break

During the past week EUR/USD continued to develop between the April bullish trend line and the September bearish one. As seen on the daily chart the price touched, but couldn’t break the support provided by the first trend line and meanwhile is standing well above November’s low.the levels of support around 1.1800 were tested and were broken, but more significant challenge is the area around 1.1720 – 1.1730, because there is confluence of horizontal and trend-line support. So this is the place for pair to make it or break it.
On the same chart the 20-day SMA and 100-day SMA are staying flat above the current price movement and are providing resistance at 1.1800 – 1.1825, while the 200-day SMA is keeping bullish stance. RSI is located around 45 and has lost directional strength. Stochastic is displaying strong bearish momentum and is nearing extreme negative territory.
However the upcoming week will determine whether the bottom line would be under occupation of the bears or euro bulls would fight it.   

Thursday, 7 December 2017

USD/JPY Uptrending, but NFP could impact

The USD/JPY pair is seen boosted today, marching beyond 113.00 level, despite no move in US Treasury yields and Nikkei’s weakness last night. From greenback’s side we have the US Senate intending to extend the debt ceiling and avoid a government shutdown and this might add some fuel. On the other hand NFP tomorrow is not giving good expectation for the US dollar. Q3 numbers are die in Japan with expectations for upward correction from preliminary calculations.
Technically speaking the pair is showing upwards potential. As seen on the four hour time frame the price is moving above its moving averages, but all of them had turned flat. Most important of the is the 200-day SMA, which is providing dynamical support around 112.90 level. RSI and stochastic are located withing extreme overbought ares and are displaying strong bullish momentum. 
I think that both indicators might face some exhaustion and we must be cautious ahead of the NFP data tomorrow.