Inspiring Warren Buffett Quotes

“Price is what you pay. Value is what you get.”

“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

“Risk comes from not knowing what you’re doing.”

“We don’t have to be smarter than the rest. We have to be more disciplined than the rest.”

“Cash combined with courage in a time of crisis is priceless.”

“If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don’t need extraordinary intelligence to succeed as an investor.”

“Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.”

“Wide diversification is only required when investors do not understand what they are doing.”

“If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.”

“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”

Merry Christmas!

Dear friends,

Christmas usually brings family and friends together.

Christmas helps us appreciate the love in our lives we can often take for granted. 

May the true meaning of the holiday season fill your heart and home with many blessings!

May this holiday season sparkle and shine!

May all of your wishes and dreams come true, and may you feel this happiness all year round.

Wish you a Merry Christmas!

EUR/GBP At 23.6% Fibo

EUR/GBP remained relatively volatile this week and is developing within a pretty good range of 0.8660 – 0.8900. Euro bulls succeeded to conquer the support at 0.8750 and currently the pair is preparing to break the 23.6% Fibonacci retracement of late August to December bearish drop at 0.8835. Amid the Brexit uncertainty and weakened Sterling, the single currency encourages another move toward the middle of the range. Indicators on the daily chart support the bullish outlook, so we may see the pair back again at 0.8900. Should the pair close above the 38.2% of same Fibo at 0.8925, doors are opened for testing the 0.9000 price zone, which is 50% Fibo level and the upper side of the range. In case the pair fails to conquer the 23.6% Fibo, then yesterday’s low around 0.8810 will be revisited.

Gold remains in a broader downtrend

Gold revisited December 6th high’s at $1265 today but shortly afterwards reversed its course and entered into NA session at $1259. As it is seen on the daily time frame XAU/USD bounced form the resistance turned into support at $1260 price zone and the current market price is $1261.50. However even having short term positive outlook, the price remains within the broad downward channel.  Meanwhile the price is about to cross to above the recent rising trend line, but even so, this will shift again focus back to the downside. According to indicators on the daily chart we may expect a flirt with the top side of the same channel and even higher resistance levels. But in the short term game remains bounded as the rising trend line may use a gauge for when price might turn back down. 

GBP/USD Tough times for Sterling

Тhe EU chief Brexit negotiator Michel Barnier announced that is excluding aspecial deal for the UK banks with access to the common European market as Brexit is taking pre-negotiation position. PM May’s cabinet is staying united while her Conservative party rebels. By and large tough times for the Sterling after almost a year in the first stage of negotiations.
GBP/USD was caught in tight range today between 1.3320 – 1.3450. This movement might be considered as correction, but before year’s end the downward trend line was marked out.
On the four hour time frame the price is few pips below its bearish 20-day SMA, while the 100-day and 200-day SMAs maintain slow upward slopes. Stochastic reached its mid-line, but has turned sharply to south. RSI is also around its middle and is showing bearish momentum.
Immediate support is provided by the 38.2% Fibonacci rertacement of latest August to September bullish run at 1.3320 and the pair will try to test it.
The macro agenda from UK today offered nothing, but from US we have housing data release. But more interesting news are the news surrounding the US tax reform bill. This configuration of fundamentals is favoring the US dollar and provides another confirmation of the bearish trend.

AUD/USD Higher

Aussie gained traction today and is seen hovering around mid 0.76s amid lack  of strong fundamentals DXY extended its downward slope to a fresh two week low, backed up by weakened US dollar coming form the jitters surrounding the outcome of the tax bills reforms. 

Friday’s bottom has been left behind today’s gains and AUD/USD is entering the Asian session in uplifted mood. Since marking low at 0.75 in 8th of December, the pair has been recovering ground, supported by good macro data from Australia. 

Technically speaking, the short term outlook remains bullish. On the four hour time frame the price is moving above all its moving averages, having 20-day SMA with strong bullish momentum and flat 100-day and 200-day SMAs. RSI is located around its 60 level, but has lost directional strength. Stochastic has turned sharply to north although is at its mid-line. 

Yet the 0.7700 remains critical zone and first bulls’ challenge and in case of conquering it, doors are opened for testing 0.7730 (November’s high). 

RBA minutes are due tomorrow with expectations of no change on its current  monetary policy, but amid no major other news and weak greenback, Aussie favors to the upside. 

USD/JPY Lower

The new trading week started with renewed weakness for the US dollar, despite the surging US Treasury bond yields and the optimism surrounding the expected tax reform bill.
Among this environment the USD/JPY pair is trading lower, having retreated from the early Asian session highs around 112.80 and the price is now hovering around 112.50.
According to the four hour time frame, the short term outlook remains neutral to bearish. The pair found resistance at the 112.80 price area, which is also last Thursday’s high, which makes this level great challenge for the bulls. Currently the price is stuck between its 100-day and 200-day SMAs with first one providing support at 112.40. RSI is around its mid-line but has lost directional strength, while stochastic has turned sharply to south.
The week ahead is offering US macro data and Bank of Japan’s monetary policy decision that will bring fresh directional impetus.