Analytics News and Market Forecast

There is some forecasting for EUR pairs (EUR/USD, EUR/GBP and especially for EUR/JPY) provided by BNP Paribas.
"This scenario produces a relief rally across most asset classes. European equities would rally and peripheral spreads would narrow. It is unlikely the EUR would appreciate broadly as it is difficult to argue that the single currency is trading at a discount to valuation. Outcome 1 would provide a catalyst for the re-establishment of EUR-funded carry trades," BNPP advises.
"Accordingly, the EUR should depreciate, especially against higher yielders such as the USD and GBP. A clear exception would be EURCHF, which is likely to rally in this scenario. The CHF has served as a safe-haven – as indicated by the net long exposure of +24," BNPP projects.
Sell EUR/JPY


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Morgan Stanley evaluated some long-term/short term scenarios concerning EUR in case of Greece.
Short-term evaluation:
"Should Greece sign a deal, a short-term EUR rebound should be followed by EUR weakness as investors are likely to move back into EUR-funded carry positions."
"Should Greece exit, the ECB may have to use its tool kit to keep sovereign spreads under control. Monetary easing should put the EUR under selling pressure. Ultimately, the ECB should be successful in controlling spreads, we believe."
Long-term evaluation:


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Ken Moore, head of Citi Innovation: the bank has been looking at distributed ledger technology for “the last few years”. Moore was saying it has up and running three separate systems within Citi now that actually deploy blockchain distributed ledger technologies:
"We also have an equivalent to Bitcoin up and running, again within the labs, so we can mine what we call a ‘Citicoin’, for want of a better term. It’s in the labs, but it’s to make sure we are at the leading edge of this technology and that we can exploit the opportunities within it."


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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: What does the Greek crisis remind the U.S. of? Puerto Rico.


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Jersey to Create Bitcoin Regulations in Line with Public Opinion
The Government of Jersey has asked public to provide its opinion on whether it should regulate decentralized virtual currencies such as Bitcoin or not.
Blockchain Reveals First Look of its New Bitcoin Wallet
The announcement comes months after the company raised $30.5 million in seed funding from some of the top-tier investors, including Sir Richard Branson, Lightspeed Venture Partners, and Wicklow Capital. Prior to that, it was already popular for being an all-in-one service platform for its users, offering them all sort of technical information at one place.
Facebook To Join BitReserve


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Who Would Benefit From a Stock Market Correction? (A Wealth of Common Sense) see also Short Sales Are at Their Highest Level Since the Financial Crisis (Bloomberg)
No Slowing RIA Growth (Wealth Management)
Stephen Roach: Why the Stock Meltdown Doesn’t Spell Doom for China. The country’s economy has a very different relationship to equity markets than the West’s do. (Slate)
Curb Your Malthusiasm (George Monbiot)
The Problem With Socially Responsible Investing (Motley Fool)


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D1 price is located below 200-day MA and below 100-day MA for the primary bearish market condition with secondary market rally as local uptrend:
23.6% Fibo level at 0.9429 was broken by price from below to above with next levels on 100-day MA at 0.9500 and 200-day MA at 0.9520.
"The USDCHF has been banging against 100 and 200 day MA over the last few trading days. Those two moving averages currently come in at 0.9500 and 0.9520."
"The current price is moving back toward that level with the recent semi dollar buying (the baby might be awakening). The price has not traded above the 200 day moving average since May 27. Although a break above those 2 moving averages would be something new and would be something bullish,there is additional resistance in the 0.9531 to. 0.9552 area. Looking at the daily chart, there have been a number swing lows and swing highs going on way back to November in this area."


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Some banks are trying to predict the values for EUR/USD and for other pairs at year-end providing their technical analysis using support/resistance and 200 SMA indicator. For example, Barclays estimated the EUR/USD to be 1.04, some other banks evaluated GBP/USD to be round 1.45 for example. But all agreed for GBP/USD to be in bearish market condition for many months from now with fundamental factors which is helping to accelerate the bearish tendency.
So let's make such a simple 'prediction' for GBP/USD using the following simple technical analysis tools:
support and resistance lines, and
Simple Moving Averages indicator (which is standard indicator in Metatrader 4 and Metatrader 5)


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Let's make such a prediction at year-end for S&P 500 using the following 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 S&P 500) - 1980.06 is the key support level for S&P 500 for both timeframes. On W1 timeframe - the price is located to be above 100 SMA and above 200 SMA for primary bullish market condition with secondary correction as a local downtrend: the price is trying to break 2050.84 support level from above to below for the correction to be continuing. And the next target for the price to go down is 1980.06.
MN1 timeframe: the price is on bullish trend with the correction which is started last week only, and the nearest support level for the price is 1980.06


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The Little Book of Currency Trading: How to Make Big Profits in the World of Forex (Little Books. Big Profits)
by Kathy Lien
An accessible guide to trading the fast-moving foreign exchange market
The foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field.
Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively invest and trade in today's biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details practical products that can help you achieve success, such as currency-based ETFs.


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