World

Yesterday, Britain’s jobless rate figures were published for Q4 of 2016, indicating an 11-year low of 4.8% as firms keep hiring workers post-Brexit, but wage growth had reduced. The number of people in work grew by 37,000 in Q4, confirming 31.84 million people are in work, up by more than 302,000 employees from a year […]

Yesterday Federal Reserve chair Janet Yellen delivered the semi-annual testimony on US monetary policy outlook. Overall Yellen stuck with her previous message from January repeating that the Fed expects to raise rates in the coming year if the US economy continues to perform. Yellen did point out that the Fed needs more clarity on the […]

Yahoo! stock (NASDAQ:YHOO) has been in an uptrend since the beginning of this year. Price trudged south in the last few months of 2016, but that trend is now being reversed. Price went above the upper Trendline in January 2017, and it has continue going upward since then. The RSI period 14 is above the […]

Ebay shares (NASDAQ:EBAY) have been trending upwards since the last several months. The market is in a clear uptrend and this is what is supposed to happen most of this year.   4 EMAs are used for this analysis, and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA […]

After all the tensions between the world’s two largest economies, Donald Trump and Xi Jinping, Donald Trump has accepted to commit to the ‘’One China” policy. In ‘’One China’’ policy, there is only one state called China, even though the existence of two governments which claim sovereignty. In addition, any country looking to establish diplomatic […]

The European Commission has projected an expansion of 1.5% for the UK after initially suggesting just a 1% growth, seemingly backing the pound for 2017. After initial fears of Brexit causing harm to growth in the UK, they have appeared to have back tracked and now state ‘growth has yet to be affected’. 2016 ended […]

The EUR/JPY trended downwards from Monday till Wednesday, and started going upwards on Thursday, before it got corrected on Friday. The medium-term bias is bearish, and further bearish movement is possible, which may see the market testing the demand zones at 120.00 and 119.50. On the other hand, a strong rally may happen soon. EUR/USD: […]

FTSE 100 stock (FTSE:UKX) is currently in a correction, following the sharp upward movement that was witnessed in the months of December 2106, and early January 2017. Price is currently above the EMA 21, and the Williams’ % Range period 20 is in the overbought region. The recent pullback in the context of an uptrend […]

IBM shares (NYSE:IBM) is in a clear uptrend, which started in October 2016. The market was in a bearish trend prior to that. The ADX period 14 is at the level 30, showing some strength in the market. The DM+ is above the DM-, meaning that bulls currently have upper hands. The MACD default parameters, […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards last week, going below the resistance line at 1.0650. The movement so far this month is essentially bearish and there is a possibility that further bearish movement would continue to hold out, as the support lines at 1.0600, 1.0550 and […]