Something Interesting in Financial Video May 2014 - page 2
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Press review
newdigital, 2014.05.03 13:56
Silver forecast for the week of May 5, 2014, Technical AnalysisThe silver markets fell during the bulk of the week, but as you can see found quite a bit of support as we get close to the $19 level. This is not a big surprise, as it has been an area where buyers have stepped into the market over and over. The fact that we formed a hammer from that level suggests that we are in fact looking at the “bottom of the market” currently. The silver markets of course will find solace in the fact that precious metals in general seem to be doing fairly well. Because of this, we feel that the market will ultimately bounce from here, and a move above the $20 level since this market looking for at least $22, and more than likely $25 given enough time.
On top of that, you have to keep in mind that silver is also an industrial metal, so there is the possibility that would decent economic number silver could continue to appreciate. When you look at the totality of the market, and the fact that we’ve so also hard, a bounce to the $25 level isn’t really that big of a stretch. It seems like a pretty big move from here, but at that point time we would merely be retracing and going back to the top of what could be considered a larger consolidation area. Because of this, we feel quite comfortable with this move and the fact that we keep getting long wicks on the candles for the past 3 and 4 weeks, suggests to us that buyers or some type of “smart money” is stepping into the marketplace and buying down here.
On the other hand, if we did break down to fresh, new lows, we feel that this market could fall apart and head to the $15 level given enough time. That move could be rather brutal actually, so it might happen quicker than you would expect. The market in our opinion though looks rather bullish and we will continue to expect good things.
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newdigital, 2014.05.03 14:02
Gold forecast for the week of May 5, 2014, Technical AnalysisThe gold markets initially fell during the bulk of the week, but as you can see the $1300 level has in fact offered enough support to form a hammer for the second week in a row. Because of this, we feel that the market is probably going to rise from here, and quite frankly the fact that we replayed the previous week only as more credence to that idea. Obviously, there is quite a bit of support below the $1300 level, and it appears that the current consolidation area is starting to find more buyers than sellers as we could not come back to the $1200 area.
We believe currently that the market is consolidating between $1200 on the bottom, and $1400 on the top. The fact that we only fell half way this last pullback suggests that the tidy is starting to turn in the favor of gold. Because of that, we feel that the markets will ultimately reach towards the $1400 level again, and a move above that level would of course be very bullish. Quite frankly, we are more than willing to buy this market on a break of the top of the hammer, as we think the move to $1400 might be a little bit choppy, but once we get above there we think that the next move will be much quicker on the way to the $1500 level.
As far selling is concerned, if we broke through both of the hammers to the downside, that would be a very negative sign. We still think that there would be a significant amount of support near the $1200 level though, so selling is going to be difficult at this point in time. It really doesn’t matter though, even if you are bullish you have to recognize the fact that it could be a bit of a fight to go higher from here, and that the move might take some significant amount of time. Regardless though, we only see buying opportunities at this moment in the gold markets.
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newdigital, 2014.05.03 15:33
USD/JPY forecast for the week of May 5, 2014, Technical AnalysisThe USD/JPY pair tried to rally during the course of the week, but gave back almost all of the gains after hitting the 103 level during the Friday session. This area was in fact a significant barrier, and it held true during this past week. However, we are starting head towards an uptrend line that could come into play. Because of this, we feel that a break above 103 is in fact going to be bullish enough to start buying simply based upon the fact that has held so well. Ultimately, we do believe that this pair goes higher.
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newdigital, 2014.05.03 15:40
USD/CAD forecast for the week of May 5, 2014, Technical AnalysisThe USD/CAD pair fell during the bulk of the week, but as you can see found a little bit of support just below in order to form a candle that looks a bit like a hammer. Nonetheless, we think that this market is essentially stuck in the consolidation range that we’ve been in for some time now. This being the case, we feel that the market should continue to go higher from here, but breaking out above the top of the range is what we need to see in order to start buying again.
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newdigital, 2014.05.03 15:51
NZD/USD forecast for the week of May 5, 2014, Technical AnalysisThe NZD/USD pair initially fell during the week, but found the 0.85 level to be supportive enough to push the market back around and form a hammer like candle. This candle suggests that we are still within the consolidation area that we have been stuck in for about 2 months now, and as a result we feel that the market will ultimately breakout to the upside but we have to wait and see whether or not we get the actual move. We have no interest in shorting this market, we believe the 0.85 level will be the “floor.”
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newdigital, 2014.05.03 15:56
GBP/USD forecast for the week of May 5, 2014, Technical AnalysisThe GBP/USD pair initially fell during the week, but turned back around to form a positive candle. We have broken out and up to the 1.65 level, but that area offered enough resistance to push the market back down. With that, we feel that the market will eventually go to the 1.70 handle, an area that should be significant resistance. Going forward, we do think that the market will break above there, and we believe that the 1.65 level is the “floor” in this market. We are “buy only.”
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newdigital, 2014.05.03 16:02
EUR/USD forecast for the week of May 5, 2014, Technical AnalysisEUR/USD fell during a large portion of the week, but found enough support below in order to bounce and form a hammer. We believe this hammer is simply a sign that the market wants to go higher, but we recognize that the 1.40 level is crucial at this point. Mario Draghi has essentially stated that the 1.40 level is the “line in the sand” at the moment, so as a result we think that every time this market comes near there we will see a bit of selling pressure.
BBC Documentary on Warren Buffett, formally the world's richest man. Including interviews with co-investors, family members, and the man himself.
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Something Interesting in Financial Video October 2013
newdigital, 2013.10.15 12:12
Warren Buffett Interview on How to Read StocksA Quick review on how Warren Buffett pick and review stocks he buys.
Read more about here :
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The Warren Buffett Way by Robert Hagstrom
This book sheds insight into the ways and means of the Oracle of Omaha. Warren Buffett's thoughts are insightful and his methods may yield fruitful rewards for investors with enough patience to learn them, understand them and apply them correctly.
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newdigital, 2014.05.07 21:00
AUDUSD Technical Analysis (based on dailyfx article)
he greenback advanced against all four components, led by a 0.14 percent drop in the Australian dollar, and the AUD/USD may face a larger decline over the near-term as the bearish RSI momentum takes shape. However, another 8.8K rise in Australia Employment may prop up the higher-yielding currency as it raises the growth outlook for the $1T economy, and the AUD/USD may trade on a firmer footing in the second-half of the year as the positive developments coming out of the region boosts interest rate expectations.
Nevertheless, the Reserve Bank of Australia (RBA) may come under increased pressure to weaken the local currency as it undermines the central bank’s upbeat assessment for 2014, and Governor Glenn Stevens may have little choice but to act against the Australian dollar as market participants no longer react to the verbal intervention.
With that said, wewill closely monitor the RSI as the oscillator highlights a lower high in the exchange rate, but we need a break and a close below the 0.9200 handle to adopt a more bearish forecast for the AUD/USD as it continues to hold up as near-term support.
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newdigital, 2014.05.10 09:08
Trading Video: Weighing Bigger EURUSD, GBPUSD Reversals Next WeekSpeculators' interest in overwrought risk trends is intensifying as talk of bubbles is even infecting the bullish camp. Given the exceptional impact a change in risk appetite can have given the underlying circumstances of our current bearing, we cannot afford to look away. However, active trades on the theme should wait for the change in tide. In the meantime, EURUSD and GBPUSD are forging progress on another front: monetary policy expectations. From rate hikes to stimulus programs, we are widely divergent programs and a docket loaded with important data next week. We take our current bearings and discuss what lies ahead in the weekend Strategy Video.