Analytics News and Market Forecast

Taiwanese PC maker Asus published statistics for the second quarter of 2015:
the company's operating revenue was NTD108.403 billion, which was about CNY21.69 billion,
a year-on-year increase of 3.05% and
a decrease of 3.12% compared with the first quarter of 2015.
Asus announced plans to lower laptop shipments for 2015 from the original 22.8 million units to 20 million units to decrease it for 12.3%. The company's laptop shipment in 2014 was 20.3 million units. However, the company's mobile phone shipments for 2015 will be maintained at between 17 million and 25 million units.


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Many banks estimated the value of EUR/USD at year-end as 1.04. So, let's start to forecast the value of USD/JPY price at year-end using simple technical analysis tools:
support and resistance lines, and
Simple Moving Averages indicator (which is standard indicator in Metatrader 4 and Metatrader 5)
As we see from the charts below (W1 timeframe and MN1 timeframe for USD/JPY) - 125.85 is the key resistance level for this pair for both timeframes. On W1 timeframe - the price is located above 100 SMA and above 200 SMA for primary bullish market condition trying to break the triangle pattern from below to above for the bullish trend to be continuing.
MN1 timeframe: the price is on primary bullish for trying to break 125.85 resistance level.


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Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders.
News of the week: As the euro is suffering, its British counterpart looks dreadfully good.


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BNP Paribas maintains short position for EURUSD from early this week from 1.1025 with 1.05 as a target, and those are 5 reasons about why this bank is considering the short for this pair:
Greek outcome. "The EUR’s attempts to rally on positive Greek news proved short-lived this week. As we have long argued, a return of positive risk sentiment re-encourages markets to rebuild long risk positions funded in EUR."
EUR less vulnerable. "EUR short positions now stand at -6 versus a high of -35 this year (on a -50 to 50 scale) according to BNP Paribas positioning analysis. This suggests markets have more scope to rebuild EUR shorts and should be less vulnerable to a positioning squeeze should risk sentiment deteriorate again."
ECB and QE. "There were few surprises at the ECB policy meeting this week...We think the bottom line is that the ECB stands ready to counter any economic weakness or market volatility with even easier policy, which would be negative for the EUR."


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Consumer Price Index (CPI) measures the price that consumers pay for those goods. Released at 8:30 am eastern standard on approximately the 15th of each month, the Consumer Price Index (CPI) is a measure of the changes in prices paid by urban consumers for a fixed basket of goods and services.
The question that naturally arises when hearing this is wouldn’t those two numbers be the same or at least move in tandem with one another? The answer to that question is not necessarily, for the following reasons:
The PPI is designed to measure the entire marketed output of US producers which includes goods and services purchased by other producers. (The CPI includes only goods purchased by consumers)
Imports are excluded from PPI but included in CPI
Taxes paid as part of the purchasing price by the consumer are not included in PPI but are included in CPI.


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One of the most common mistakes is sticking in a trade where you know your forex trading strategy is correct, but the market continues to move against you. Famous economist John Maynard Keynes once said: “The markets can remain irrational longer than you can remain solvent”.
People’s strong desire to be right will often times keep them in trades that they should have moved on from even though the market may eventually prove them correct. Many times when the market touches a support or resistance level it will have a brief spike upwards or downwards which hits the stops of a trader looking to profit from the reversal, taking him out of the market just as it turns in his favor. Because many traders think a like, often times the level at which the trader is taken out of the market is right at his stop level as well. If the trader gets lucky and the market does turn back in his favor this only goes to support this bad habit which will eventually knock him out of the market.


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Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA:
the price crossed 60.00 psychological level on close W1 bar for the bearish to be continuing with 55.06 as the next target;
triangle pattern was broken by price for good possible breakdown of the price movement;
next targets are 55.06 (support level), 51.39 (support level) and psychological level as 50.00;
Nearest support levels is 55.06 (W1) and 51.28 (W1);


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Zinger (startup initially servicing the Canadian-Filipino remittance corridor) announced partnership with Coins.ph to provide instant remittance to the Philippines.
The sent Bitcoin can be cashed out at a range of Philippines locations. Lorne Lantz, CEO of Zinger, said he came onboard with Coins.ph due to their strong market presence in the country and further afield in Southeast Asia. He was saying that his company partnered with Coins.ph because they have the best Fintech product in the Philippines.


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Humans in general grow up being taught by their environment of the importance of always being right. Those who are right are envied as the winners in society and those who are wrong are cast aside as losers. A fear of being wrong and the need to always be right will hold you back in general, but will be deadly in your trading.
How Most People Associate Profitable Trades:
How Most People Associate Unprofitable Trades:
If you were really the trader - which system would you rather have (System 1 or System 2)?


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The Definitive Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method
by Jeremy du Plessis
Point and Figure charts are one of the great secrets of the Technical Analysis world. Highly sophisticated and with a thoroughbred pedigree, they can, however, be overlooked by traders today.
Jeremy du Plessis - one of the foremost Point and Figure experts in the world - returns with a fully updated second edition of this definitive guide in an effort to redress this imbalance. This second edition, with an extensive revision to the text and introduction of brand new techniques, demystifies the world of Point and Figure charting. It includes a detailed explanation of the history and development of the technique from its invention to the modern day, and covers the makeup of the chart patterns, why they are created, and how to interp


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