The trading session in Asia was relatively quiet with stocks slowly edging higher, however with the stock market in Japan closed for Equinox Day, there was no catalyst for any significant movements. It looked as though Asian stocks could follow suit from the negative morning on Wall Street yesterday; however there was a quick reversal…
I have to confess that one of the more beneficial aspects of largely being focused on technical analysis rather than fundamentals, is that with regard to some of the less exciting sectors of the stock market like insurers, one is able to avoid getting bogged down in what can be mind numbing number crunching &…
Global markets saw significant intraday moves yesterday evening as Janet Yellen spoke out regarding the Fed’s huge asset purchasing programme. The fed are continuing to taper down the programme by $10bn, a move which was largely forecasted by markets yet an overreaction caused a dramatic sell off with the Dow Jones dropping 200 points. Their…
Since the beginning of the year, gold bullion has gained a significant amount of attention. The precious metal has increased about 14% in value and has become one of the best-performing asset classes. Key stock indices, on the other hand, are down. With this rise in gold bullion prices, we see an increasing amount of…
Secret #1: Contrarianism takes courage. Everyone knows the essential investment formula: “Buy low, sell high,” but it is so much easier said than done, it might as well be a secret formula. The way to really make it work is to invest in an asset or commodity that people want and need but that for…
Global markets are set for a fairly flat open this morning as investors cautiously enter the session due to the FOMC statement released this evening, often causing high levels of volatility. Throughout the night, markets in Asia had a quiet session with investors again not being spooked by the geopolitical issues that currently surround Russia.…
It seems that the days of 200 pip movements in popular pairs like EUR/USD & USD/JPY are over for now (and their attendant margin calls when caught on the wrong side!!) with typical recent daily ranges of 40-80 pips at best. The forex market is uncharacteristically quiet and peaceful with traders enjoying rare peaceful sleeps!…
What is interesting about the big three precious metals currently is the way a clear division can be seen between Gold, which is clearly in play as a geopolitical proxy, and Silver / Platinum where a more orderly climb is being seen. The question is whether we have an opportunity to chase Silver and Platinum…
