Jump to content

FoxTrader

Community Member
  • Content Count

    110
  • Joined

  • Last visited

Community Reputation

0 Neutral

About FoxTrader

  • Rank
    Frequent Contributor
  1. hi  - will you consider hosting it as "webinar" (maybe in future?) or making it available for download to us? Happy days
  2. hi  This is a splendid idea !!! Well done Happy days
  3. from Reuters - London Stock markets in Europe and Asia rose and oil prices jumped on Wednesday after Chinese trade data cooled concerns over the world's second biggest economy, steadying money and currency markets in Shanghai and Hong Kong. Japan's Nikkei index jumped 2.6 percent and Europe's main markets gained (FTSE) <.GDAX> (FCHI) after China reported exports dipped just 1.4 percent in U.S. dollar terms in December, compared to forecasts of an 8-percent drop. A 4-percent fall in imports was also much smaller than many had feared, but the reaction was not uniformly positive. Prices for copper - of which China is the world's biggest consumer - rose, but iron ore prices fell and Shanghai shares themselves fell between one and two percent. Traders said the mood on many markets was still shaky after an extremely volatile start to 2016, driven by worries over conflict in the Middle East, China's finances and the fallout from extremely low oil prices. "I am generally positive on the global outlook but the basis for that is being sorely tested right now," one London-based investment manager said. "Sentiment is very fragile." Asian markets (MIAPJ0000PUS) saw their first solid rally of the year, suggesting that some believe Beijing has done enough to gain control of the yuan for now. Overnight interest rates in Hong Kong, jacked up to 94 percent on Tuesday, were back near 4 percent.<cnhonid=r> More stability in China would also leave the way clearer for the U.S. Federal Reserve to raise interest rates this year and the brighter tone drove the dollar around half a percent higher against the euro and yen.<eur=><jpy=> Australia's dollar, often a proxy for China on major currency markets, gained 0.8 percent.<aud=> "The China story has dominated so far this year and it's nice not to be talking about other things such as the Fed," London retail currency broker FxPro's chief economist, Simon Smith, said. "But this topic is likely to remain a dominant force in 2016, more so than in the past. This return of risk appetite we've seen so far this week may be temporary." Investors also pulled cash out of European bond markets in favour of stocks and the latest round of some 35 billion euros of government debt set to be sold in the euro zone this week also pushed up bond yields. Germany and Belgium are set to sell 10-year bonds on Wednesday. U.S. crude (CLc1) jumped almost a dollar to $31.25 a barrel, a day after breaching the $30 barrier for the first time in 12 years. Benchmark Brent (LCOc1) was similarly higher at $31.69 a barrel. U.S. crude had fallen 17 percent in just seven sessions, a gift to consumers across the globe but also a strong force for disinflation. Happy days
  4. hi  - I will take a shot at FTSE100 long - stop at 5882..... Happy days
  5. hi there What about USD/CNH offer in Sprint Market as a binary option? Will anybody support this suggestion? I personally think it will be a very exiting trade..... Happy days
  6. From Investing.com 1. China stocks plunge again Chinese stocks markets plunged again on Monday, with the Shanghai Composite Indexand the CSI300 Index both closing down more than 5% despite efforts by Beijing to stabilize the market. Last week, the Shanghai Composite lost all of its 2015 gains, falling by 10% in just five days. The rest of Asia also closed down, with markets in Australia and Hong Kong both closing deep in the red. 2. Europe and U.S. markets look to shake off latest slide in China European stocks saw a more steady start on Monday, with Germany’s DAX gaining ground as investors chose to ignore the downward trend in Asia and ongoing concerns over Chinese growth. Elsewhere, U.S. stock futures were up between 0.2% and 0.4%, suggesting a strong open on Wall Street later in the day after stocks closed out their worst start to the year ever on Friday. 3. Oil swings lower on fresh worries Oil prices held near the lowest levels in more than a decade on Monday, as further turmoil in the Chinese stock market added to concerns over the Asian nation’s economy. China is the world's second largest oil consumer after the U.S. and has been the engine of strengthening demand. Brent was last down 78 cents, or 2.3%, at $33.15, as of 11:15 GMT, or 6:15AM ET, whileU.S. crude fell 67 cents, or 2.02%, to $32.49. 4. Copper sinks to 6-1/2 year lows Copper futures tumbled to the lowest level since April 2009 on Monday, as investors continued to focus on the deteriorating outlook for China and its impact on future demand prospects. The Asian nation is the world’s largest copper consumer, accounting for nearly 45% of world consumption. 5. Alcoa (N:AA) unofficially kicks off Q4 earnings season This week marks the start of fourth-quarter earnings season. 11 S&P-listed companies and two Dow components are set to report this week, with earnings ramping up the following week. Alcoa will report after the market closes on Monday, in what is expected to be its worst quarterly results since early 2014. JPMorgan Chase (N:JPM), Wells Fargo (N:WFC), Citigroup (N:C) and Intel (O:INTC) are scheduled to report results at the end of the week. Happy days
  7. hi - part of the the welcome note on the SA based platform still shows this ; "Seasonal opening hours 2015 Thurs 24 Dec - Half day in most markets Fri 25 Dec - All markets closed Sun 27 Dec - Normal opening hours" Happy 2016 all !!!!!
  8. According to Reuters ; SINGAPORE (Reuters) - Oil prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran deteriorated, raising concerns about potential supply disruptions, though weak Asian manufacturing data kept a lid on bullish expectations. Saudi Arabia, the world's biggest oil exporter, cut diplomatic ties with Iran on Sunday in response to the storming of its embassy in Tehran. The diplomatic row between the two major oil producers escalated following Riyadh's execution of a prominent Shi'ite cleric on Saturday. Global oil benchmark Brent climbed more than a dollar to a high of $38.50 per barrel on Monday, before easing back to $38.18 at 0556 GMT, still up over 2 percent. U.S. crude's West Texas Intermediate (WTI) futures were up 77 cents, or 2.08 percent, at $37.81 a barrel. The clash between the two Middle Eastern countries comes as Iran, which holds some of the largest proven reserves, hopes to ramp up oil exports following the expected removal of sanctions against it after reaching a deal on its alleged nuclear weapons development programme. "With increased geopolitical tensions between Saudi Arabia and Iran, the market has put a premium on prices just when markets opened (in 2016)," brokerage Phillip Futures said. Mainly Shi'ite Muslim Iran and Saudi Arabia's Sunni Muslim monarchy have clashed for years in the Middle East in political conflicts that have followed along sectarian lines. Despite Monday's jump, oil prices are down by two-thirds since mid-2014 on oversupply as producers including the Organisation of the Petroleum Exporting Countries (OPEC), Russia and the United States pump between 0.5 million and 2 million barrels of oil every day in excess of demand. "OPEC, Russia and the U.S. beat our initial supply expectations, adding to an existing inventory headwind. For 2016 we think of it as the market rebalancing year, but only from 2H (the second half of 2016)," Alliance Bernstein said. Alliance Bernstein said it expected average Brent prices to fall from $53 per barrel last year to $50 in 2016 but to recover to $70 a barrel in 2017 and to rise to $80 per barrel in 2018. "There is the potential for global demand growth to catch up to global supply growth by the end of 2016 and trigger the start of initial rebalancing," Morgan Stanley (N:MS) said. Yet before that happens, the bank said prices could fall further regardless of producer margins being eroded by cheap oil. "In an oversupplied market, there is no intrinsic value for crude oil... The floor is set by investor and consumer appetite to buy," it said. Iran plans to raise output by half a million to 1 million barrels per day (bpd) post lifting of sanctions, although Iranian officials said they did not plan to flood the market with its crude if there was no demand for it. Iran's oil exports have fallen to around 1 million bpd, down from a peak pre-sanctions peak of almost 3 million bpd in 2011. In Russia oil output hit a post-Soviet high in 2015, averaging 10.73 million bpd. On the demand side, concerns over Asia's slowing economies weighed as China's factory activity shrank for a 10th straight month in December as surveys across Asia showed industry struggling with slack demand.
  9. From Bloomberg ; Chinese stock trading was halted for the rest of the day after the CSI 300 Index plunged more than 7 percent. Trading of shares and index futures was halted from about 1:34 p.m. local time, according to data compiled by Bloomberg. Stocks fell as manufacturing contracted for a fifth straight month and investors anticipated the end of a ban on share sales by major stakeholders. Under the mechanism, which only became effective Monday, a move of 5 percent in the CSI 300 triggers a 15-minute halt for stocks, options and index futures, while a move of 7 percent closes the market for the rest of the day. The CSI 300 of companies listed in Shanghai and Shenzhen fell as much as 7.02 percent before trading was suspended.
  10. Mainly from Investing.com ; West Texas Intermediate oil futures are on track to post an annual decline of 31% in 2015, while Brent oil prices are down nearly 36% this year, as oversupply concerns dominated market sentiment for most of the year. Global crude production is outpacing demand following a boom in U.S. shale oil and after a decision by the Organization of the Petroleum Exporting Countries last year not to cut production in order to defend market share. Crude oil for delivery in February on the New York Mercantile Exchange inched up 15 cents, or 0.42%, to trade at $36.75 a barrel during European morning hours on Thursday. Prices fell to $34.29 earlier this month, the lowest since February 2009. Trading volumes are expected to remain light, reducing liquidity in the market which could result in exaggerated moves. On Wednesday, U.S. oil futures tanked $1.27, or 3.35%, after the U.S. Energy Information Administration said crude oil inventories increased by 2.6 million barrels last week, disappointing expectations for a drop of 2.5 million barrels. Total U.S. crude oil inventories stood at 487.4 million barrels as of last week, remaining near levels not seen for this time of year in at least the last 80 years. Elsewhere, on the ICE Futures Exchange in London, Brent oil for February delivery tacked on 26 cents, or 0.71%, to trade at $36.72 a barrel. London-traded Brent futures slumped $1.33, or 3.52%, on Wednesday. Brent Prices slumped to $35.98 on December 22, a level not seen since July 2004. Meanwhile, Brent's discount to the West Texas Intermediate crude contract stood at 3 cents, compared to a discount of 14 cents by close of trade on Wednesday. U.S. crude has been firmer relative to Brent recently, on signs that the U.S. oil market is likely to grow tighter following Congress' decision to lift a 40-year old ban on domestic oil exports, while a global glut gets worse in 2016 due to soaring production in Saudi Arabia and Russia. Oversupply issue will be exacerbated further once Iran returns to the global oil market early next year after western-imposed sanctions are lifted. Analysts say the country could quickly ramp up production by around 500,000 barrels, adding to the glut of oil that has sent prices tumbling. Happy days
  11. hi  - indeed and I am also of te opinion that it will continue to rise... Happy days
  12. hi  - well, it is 4 months later - I also trade EUR against USD and GBP often - the scenario is always unstable and really volatile - I would say a little less volatility when GBP is weighed against the EUR. I can certainly see why this is the preferred trade. There are always activity influencing these three tremendously. Do you trade on strategic or fundemental analysis? I find that the fundemental analysis works best here. Keep your ear to the ground concerning news and announcements and finger on the "submit trade" trigger Today the EUR/GBP is at 0.72634 and the EUR/USD at 1.09832 (BUY) Happy days
  13. hi  - just for interest's sake - I am eating my words of September hey - the future and unpredictability.......oil is falling like a leaf - I am wondering what the impact of the Paris Climate talks will be on OIL? Happy days
  14. hi  - thank you very much - appreciate it a lot Happy days
  15. As if Gold needs more pressure - not good for Gold Bulls Mostly from Investing.com ; Gold futures fell sharply on Monday, but still stuck in familiar trading range, as market players prepared for the first U.S. rate hike since 2006 later this week. The Federal Reserve is widely expected to raise interest rates for the first time in nearly a decade at the conclusion of its two day policy meeting at 2:00PM ET on Wednesday. The central bank will also release its latest forecasts for economic growth and interest rates. Fed Chair Janet Yellen is to hold what will be a closely-watched press conference 30 minutes after the release of the Fed's statement, as investors look for signals about the path of future rate hikes. Many in the market anticipate the pace of increases to be gradual amid concerns over tepid growth overseas and divergent monetary policies between the U.S. and other nations. The dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.4% to 98.00. Dollar-priced commodities become more expensive to investors holding other currencies when the greenback gains. Gold for February delivery on the Comex division of the New York Mercantile Exchange slumped $10.30, or 0.96%, to trade at $1,065.60 a troy ounce during European morning hours. On Friday, gold fell to $1,061.70, the lowest since December 4. The yellow metal is on track to post an annual decline of 9% in 2015, the third yearly loss in a row, as speculation over the timing of a Fed rate hike dominated market sentiment for most of the year. Expectations of higher borrowing rates going forward is considered bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise. Meanwhile, silver futures for March delivery dipped 8.9 cents, or 0.64%, to trade at $13.79 a troy ounce. Prices slumped to a daily low of $13.75 on Friday, a level not seen since August 2009. Elsewhere in metals trading, copper fell from a two-week high as a broadly stronger U.S. dollar reduced the appeal of the red metal, but losses were limited following the release of better than expected Chinese economic data over the weekend. The National Bureau of Statistics said Saturday that industrial production rose by an annualized rate of 6.2% in November, the fastest pace in five months. The Asian nation is the world’s largest copper consumer, accounting for nearly 45% of world consumption. Happy days
×
×