Fibonacci Retracements Analysis 16.01.2014 (EUR/USD, USD/CHF)

Article By RoboForex.com

Analysis for January 16th, 2014

EUR/USD

After rebounding from level of 38.2% several times, Eurodollar started moving downwards. Right now, price is being corrected, but may start new descending movement in the nearest future. Main target for bears is several fibo-levels near 1.3490.

As we can see at H1 chart, target area is formed by three fibo-levels. If pair rebounds from them, price may start new correction. According to analysis of temporary fibo-zones, lower targets levels may be reached within next 24 hours.

USD/CHF

Franc is also being corrected; earlier price rebounded from correctional level of 38.2%. In the near term, bulls are expected to start new ascending movement and break previous maximums. Their target is several fibo-levels near 0.9180.

After making fast ascending movement, bulls decided to slow down a little bit. According to analysis of temporary fibo-zones, upper levels by the end of this week. If later pair rebounds from them, market may start new correction.

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

 

 

 

The Rise of the “Ghost Cities” Should Scare You to Death

By WallStreetDaily.com The Rise of the “Ghost Cities” Should Scare You to Death

I recently sat down with Harry Dent, the Founder of Dent Research, to discuss his new book, Demographic Cliff: How to Survive and Prosper During the Great Deflation of 2014-2019.

As the title suggests, Harry predicts that a bout of deflation will hit this year. And he expects it to lead to an even bigger crash than what we saw in 2008.

A bold claim, for sure. Yet when I asked him to back it up, he unloaded an endless stream of eye-opening – and frankly, terrifying – stats.

Here’s one of the worst…

According to Harry, four cycles he tracks closely haven’t all been in a downtrend “anytime in the last century – except for 1930-1934.” Yet they’re all about to turn south this year.

He also revealed one sector that’s “never going to be the same,” and what this “zero-return investment” means for your financial future.

Oh, and you won’t want to miss what he has to say about how China’s “Ghost Cities” are creating the “greatest bubble in history.”

Click on the image below to hear the interview in its entirety.

harrydent
Ahead of the tape,

Louis Basenese

The post The Rise of the “Ghost Cities” Should Scare You to Death appeared first on Wall Street Daily.

Article By WallStreetDaily.com

Original Article: The Rise of the “Ghost Cities” Should Scare You to Death

Murray Math Lines 16.01.2014 (AUD/USD, EUR/JPY, SILVER)

Article By RoboForex.com

Analysis for January 16th, 2014

AUD/USD

Yesterday, Australian Dollar continued moving downwards and I moved stop on my sell order into the black. Super Trends have already formed “bearish cross”. Possibly, price may reach the 0/8 level and then enter “oversold zone” during the day. Main target is at the -2/8 level.

Pair is moving in lower part of H1 chart. Most likely, price will continue falling down during the day. If later instrument breaks the -2/8 level, lines at the chart will be redrawn.

EUR/JPY

Pair rebounded from the 2/8 level and started growing up again; right now, price is already moving above H4 Super Trends and may try to break the 4/8 level. If later price stays above this level, market will continue moving upwards.

At H1 chart, price is moving above the 5/8 level. If bulls are able to rebound from Super Trend, pair may start new ascending movement. Short-term target is at the 8/8 level.

SILVER

Silver left “overbought zone” and couldn’t break the 6/8 level so far. In addition to that, price formed bearish Wolfe Wave, which means that bears may continue pushing price downwards. First of all, they have to break daily Super Trend.

The lines at the H4 and H1 charts are completely the same. Super Trends are very close to each other, so they may form “bearish cross” in the nearest future. I’ll move stop on my sell order into the black as soon as instrument breaks local minimum.

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

 

 

 

GOLD Signaling a Short Term Drop

Article by Investazor.com

With the dollar on appreciating in front of its counterparts, the price of Gold started to plunge. Bearish signals started to appear on XAUUSD’s chart from yesterday.

gold-signaling-short-term-drop-resize-16.01.2014

Support: 1234.04, 1212.72, 1178.81;

Resistance: 1255.00, Trend Line;

On 14th of July the price has broken the latest op move trend line which is the first bearish signal. During the past hours, bulls try to send the price higher, but it seems that they didn’t have enough strength and now bears are pushing down. If the 24 periods RSI will break it trend line then it will be another bearish signal.

The drop could become more probable if the price will fall under the local support from 1234.04. The price target for a downside move will be the next support from 1212.17. On the other hand if bulls will take over again we may expect for the 1255.00 resistance to be retested only if the local 1243.50 high will be broken.

The post GOLD Signaling a Short Term Drop appeared first on investazor.com.

Forex Trading Causes USD/JPY to Reach 4-Week Low

By HY Markets Forex Blog

Forex trading resulted in the U.S. dollar recently declining to its lowest point relative to the yen in four weeks.

On Monday, Jan. 13, the USD/JPY fell to as little as 102.86, according to Bloomberg. This represented the lowest price for the currency pair since Dec. 18. The USD/JPY finished the day at 103, which represented a 1.1 percent decline for the session.

The movements in the value of the currency pair have largely been attributed to speculation surrounding the future use of quantitative easing by the Federal Reserve, the media outlet reported.

USD/JPY impacted by retail sales concerns

The pace with which the central bank reduces its transactions will largely depend on the strength of economic data that is released further down the line, and many were worried that the latest retail sales figures – scheduled for release on Jan. 14 – would indicate a deceleration in such activity, according to the news source. Economists contributing to a Bloomberg poll provided a median prediction that the rate of growth in retail sales would fall to 0.1 percent in December, compared to 0.7 percent rate of expansion in November.

Fed timeline for reducing QE

The Fed announced in December that starting in January 2014, it would lower its regimen of monthly bond purchases to $75 billion. This compares to the $85 billion that it had been buying every month since late in 2012.

The global asset markets scrutinized the statements released by the financial institution for much of last year, after Ben Bernanke, chairman of the Fed, announced in June that the pace of QE could potentially be reduced as early as 2013.

He also indicated that these bond purchases could be stopped entirely in 2014. After he revealed this possibility, the value of various securities experienced significant fluctuations, with many assets suffering sharp losses.

Now, those who trade forex are watching the economic reports that are released in an effort to get a closer glimpse of what timeline the Fed will harness for gradually reducing QE and then stopping this stimulus altogether.

U.S. jobs data

Another report that was seen as having an impact on the speculation surrounding the future easing of QE – and therefore the value of the USD/JPY – was the monthly jobs data that was released by the U.S. Department of Labor earlier in January, according to Reuters. Figures provided by this government agency revealed that in December, payrolls rose by 74,000.

The actual number of positions fell far short of the amount predicted by analysts, who had forecast that 196,000 jobs would be created, and the lackluster nature of this information helped to cast doubts on how quickly the Fed will be able to reduce its current purchases of bonds, the media outlet reported.

There are concerns that if more lackluster economic data is released, the financial institution might have to maintain its current regimen of QE or alternatively, reduce it very slowly, according to The Wall Street Journal.

“Even if the economic data in the U.S. is strong, I don’t think the Fed will raise rates for a long time,” Laurent Desbois, who works for Fjord Capital Management Inc., told the media outlet. The market expert often owns positions that would indicate an expectation that the U.S. dollar will decline in value. “I just don’t see the U.S. dollar rallying this year.”

Many experts optimistic about dollar

While Desbois does not seem to have an optimistic view of where the greenback will go in 2013, Andrew Wilkinson, who works for Interactive Brokers LLC as its chief market analyst, told Bloomberg that he is bullish about the currency.

“There are some occasional weak data-points, but the growth in the U.S. economy is far from being in doubt,” Wilkinson told the media outlet. “In the longer run, we’ll see dollar-yen trade at 110. There’s nothing changing in the overall picture, just that too many people have gotten on one side of the boat.”

Individuals involved in forex trading might benefit from knowing that Wilkinson is certainly not the only market expert who is optimistic about where the greenback will go in the future, as Paresh Upadhyaya, who works for Pioneer Investments in Boston as director of currency strategy, told The Wall Street Journal that he is still bullish about the U.S. dollar.

He told the media outlet that he may purchase the USD/JPY as a result of the recent decline in the currency pair. The market expert also emphasized that the various factors that have served to push the greenback higher in value are still there.

Individuals who are involved in forex trading, including transactions that involve the USD/JPY, might benefit from knowing about the key nature that Fed tapering speculation plays in the market. They might also be wise to keep an eye out for any economic data that could potentially impact the pace with which bond purchases are gradually reduced.

The post Forex Trading Causes USD/JPY to Reach 4-Week Low appeared first on | HY Markets Official blog.

Article provided by HY Markets Forex Blog

USDCAD remains in uptrend from 1.0588

USDCAD remains in uptrend from 1.0588, the fall from 1.0991 could be treated as consolidation of the uptrend. Support is now located at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to resume, and next target would be at 1.1100 area. On the downside, a clear break below the channel support will indicate that the upward movement from 1.0588 had completed at 1.0991 already, then the pair will find support around 1.0700.

usdcad

Daily Forex Analysis

What The Economic Indicators, Statistics and Results say About 2014

By MoneyMorning.com.au

2014 isn’t shaping up to be a very nice year for investors. A number of indicators, statistics and results are predicting a tough time. That’s especially true in the US, which leads the Australian stock market.

  • The Baltic Dry Index, which measures shipping costs, is one of the few economic indicators I trust, at least a little. As trade around the world picks up, so do the costs of shipping. But the index is off to its worst start in 30 years. Shipping costs dropped 35% in two weeks! If other indicators begin showing a sudden downtrend, this could turn out to be a canary in the coal mine.
  • The stock market’s statisticians are pointing to the old maxim ‘as January goes, so goes the year’. Apparently it holds true for the US stock market in particular. And January isn’t very encouraging so far, with both the Aussie and US stock index down.
  • But investors are at their most bullish according to sentiment indices, and margin lending (borrowing to invest in the stock market) is at an all-time high in the US. As Warren Buffett likes to say, ‘sell when others are greedy’.
  • American corporate profits are unnaturally high too, but job creation just fell to a three year low. High profits might seem good at first, but profits are ‘mean reverting’, so they could be in for a big drop.
  • US corporations as a whole have stopped buying back stocks – a form of dividend where companies buy their own shares back. In other words, on a net basis they are issuing more shares than they are buying. This adds to the supply of shares in the marketplace.

If 2014 does turn out to be a bad year, the question is whether the US central bank will surprise the world by maintaining its stimulus instead of cutting it as expected. Yes, unfortunately the investing world is still dominated by ‘what are the central bankers going to do next?’ When the weekly jobs data came out with a disappointing number, the Aussie dollar jumped a cent in short order. That might reflect bets on more QE than previously expected.

Perhaps the Federal Reserve is managing expectations by threatening to taper and then not tapering. This little bait and switch trick could prolong a rally in stocks, with the market being surprised by more stimulus. It also leaves the Federal Reserve with even fewer trump cards to play. Eventually the managers of our stock markets and economies will run out of such tricks and reality will strike. That moment is far off yet though. For now, central bankers rule financial market prices.

How Australia fits into all this is a little confusing. Our currency numbs much of what goes on overseas, without Australians themselves noticing it. For example, our stock market, measured in Aussie dollars, is nowhere near its highs. But if you factor in the rise in the Aussie dollar, then our market is far higher in terms of say US dollars. Unfortunately for us Australians, that’s little comfort.

The question is if this works both ways. If the US market begins to fall, will our currency protect our stock market by falling too? Or will our shares and the currency both tumble? In short, I don’t know. But even if I thought I did know, it wouldn’t be worth relying on my predictions.

That’s why all the strategies in I’ve devised for my readers in The Money for Life Letter are not reliant on a good economy or stock market. But all of them are still affected by good and poor prospects for both. You can’t avoid that. So it’s a matter of holding onto your hats in 2014, and watching the new Federal Reserve Chairman Janet Yellen.

Regards,
Nick Hubble+,
Contributing Editor, Money Morning

Ed Note: The above is an edited extract of an update originally published in The Money for Life Letter.

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By MoneyMorning.com.au

Curiosity Driving The Biotech Sector

By MoneyMorning.com.au

The market goes up. The market goes down. The market goes back up again. Joy to fear and back to joy again.

Does it really mean anything?

I don’t know.

But what I do know is that in reality the ups and downs and sideways moves aren’t much more than noise, which only distracts you from the real purpose of investing – buying into businesses that could deliver you long and lasting wealth.

Take the biotech sector

In understanding how technology works you need to ask a lot of questions. You need information – and lots of it – to form an opinion.

I work on this all the time. I always look for new information about technology. It could be information about how something works or why something exists. It might even be information about me…it’s all important. It’s partly because of my role finding the best developing technology stocks for Revolutionary Tech Investor readers, but if I’m honest it’s also down to my passion for the ever-growing possibilities.

As you may know, I had my DNA analysed by 23andMe some time ago. Since then the firm has come under fire from the US Food & Drug Administration (FDA), but that’s another issue. The fact is I got genetic information about myself. And importantly, it’s useful information.

Armed with this info, I can make smarter health decisions. I also use FitBit Aria body scales to track my weight, BMI and body fat percentage. Add to this a range of apps such as MyFitnessPal and Headspace. They are all designed to help me make smarter life decisions.

I do this because I want to be happy and healthy, so I use information about my genetics to help make decisions about my life.

Of course the other reason I do this is because I want to understand ‘why?’ By that I mean why is my biology the way it is? What can I do to do make things better, to live better? It’s an inbuilt curiosity about how I can use technology to combine it with my health and have a better life.

And this curiosity leads me to ask a lot of questions. A lot of the time these questions start with a few key phrases.

‘Why is that so?’ ‘What if…x…was possible?’ and, ‘Is there a better way?’

The world needs curiosity to drive technology, innovation and invention.

Think of it like this: if no one asked ‘Why can’t I pick up a device and speak to someone on the other end?’ we’d never have had the telephone. If someone hadn’t said, ‘Hang on, what if this telephone had no wires and I could take it with me anywhere?’ we’d never have had the mobile phone. And if someone hadn’t said ‘Why can’t we put a computer in these mobile phones?’ we’d never have had the smartphone.

I’m not the only person that takes this kind of approach to research and investigation. If it wasn’t for people asking ‘why’ and ‘what if’ we’d never investigate, never challenge anything. We’d simply exist.

Researchers and scientists also have similar curious mindsets. It’s an essential tool to solve some of the world’s big problems.

And as scientists question the norm they ultimately come across some amazing solutions to problems. In challenging the norm, not accepting something for the way it is, humanity advances through innovation and technology.

And one of the biggest challenges scientists have had for decades is the human body. What makes us, us? What makes my body the way it is? How does it work? What makes the brain work? What factors make you different from me, and us both unique from the other seven billion people on earth? But also, what makes us the same?

These kinds of questions are significantly more difficult to answer than pure computer based technology questions. This is due to the level of complexity biology and Mother Nature affords us.

The Most Complex Machines on Earth

Where a computer is a logical beast, made from hardware and run with software, the human body is a far more unreasonable structure. It’s the most complex machine on Earth – and, for all we know, in the universe.

And with that kind of unknown existing in front of us every day, of course it’s natural for scientists to want to explore ‘inner space’. This leads to research, and discoveries that are world changing.

Often this groundbreaking research leads to highly profitable companies. It presents a huge opportunity for investors. In fact, inner space could prove to be far more lucrative than outer space over the coming years.

Hopefully by now you know about the Human Genome Project. I’ve said previously this could be the biggest discovery/project that mankind has ever completed.

And the next biggest discovery/project will be the work from the Human Brain Project and the BRAIN project. Both are simultaneously trying to figure out how the brain works and to build a similar roadmap as to how all the neurons and connections fit together.

These brain initiatives are still some way away. If we thought the genome was difficult, the brain will be next to impossible. But that’s a discussion for another time.

But what is worth noting quickly is that scientists have just recently been able to simulate one second of brain activity. Amazingly, it took the world’s fourth fastest supercomputer 40 minutes to simulate that one second…but it’s a start.

Anyway, while devoted scientists work away on the brain projects, science hasn’t yet finished with the human genome.

Because once scientists had cracked the genome code, it sparked an enormous industry in life sciences using this knowledge to improve people’s lives.

Right now there are hundreds of companies and universities around the world devoted to figuring out how to use genetic science to cure diseases and make people healthier and help them live longer.

But in order to do that they need information about people’s DNA. And they need lots of it.

That’s where Regeneron Pharmaceuticals Inc. [NASDAQ: REGN] enters the picture. REGN are starting the biggest genetic study in the US over the next five years. In partnership with Geisinger Health System, combined they will analyse over 100,000 people’s DNA. Geisinger’s press release said,

Genetic research holds great promise to increase understanding of the causes of diseases, disorders, and medical conditions – including conditions that today have limited or no treatments available. By comparing genetic information against medical histories, Geisinger and Regeneron hope to eventually develop new means of diagnosing, preventing, and/or treating medical conditions – before they cause significant harm.

Now of course this isn’t the first mass DNA study that’s been done. But it’s certainly one of the biggest.

The hope is that the genetic information will be publicly available. Kind of like an open source project.

That means other scientists can use the results to assist in other genetic programs and therapies. Because Regeneron isn’t the only company involved in genetics or molecular biotechnology.

Companies right here in Australia are doing some fantastic things to help with disease prevention and cure. Some of them are even involved in ‘regeneration’, meaning the rebuilding of damaged body parts, such as heart tissue after a heart attack.

The takeaway from all this is that with information like this available in the field of genetics we’re that little step closer to finding potential cures for disease and illness of almost every kind.

So the next time someone tries to tell you how terrible things are now, stop them in their tracks and tell them, ‘No, actually things are pretty good. In fact, at the current and future rate of technological progress, they’ve never looked better.’

Regards,
Sam Volkering+
Technology Analyst

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By MoneyMorning.com.au

The Best of 2013: Seven Classic Elliott Wave Trade Setups You’ll See Again in 2014

We have hand-picked for you seven of the best trade set-ups of 2013 that are bound to be repeated in 2014. Here is one of seven

By Elliott Wave International

The best thing about Elliott wave patterns? Easy: They repeat.

They repeat on all timeframes, across dozens of markets, all over the world. Once you know what to look for, you see the familiar 5s and 3s repeat in every chart.

You know what that means? That means that the same trade set-ups the markets gave is 2013 are bound to be repeated in 2014.

We have hand-picked for you seven of the best Elliott wave trade set-ups of 2013. Here is one of seven.

* * *

Market: Gold
Time Frame: Near-Term
Price move: “Crash-like conditions,” “panic selling” — those are just two phrases used to describe the massive sell-off underway in gold since Friday, April 12.

On April 15 gold prices plummeted 10% in their biggest single-day decline in three decades.

April 9 Metals Specialty Service’s daily analysis highlighted a “key shelf of support” at 1540-1520. Why? Because it defined the trading range throughout gold’s sideways action the prior two years:

“This is very important action. So far, the key shelf of support has held. The quality of the rally that occurs here will tell us whether a major low was registered [last week at 1539], or those shelves will again be tested and perhaps broken. The bearish count would have a large decline unfolding with new lows … below 1500 a valid possibility.”

On April 12 gold prices violated the key shelf of support. The April 12 Metals Specialty Service’s daily video update confirmed that the downside floodgates had now been opened:

“When you’re in this type of extreme environment we’re in after you’ve broken this type of support that’s been in effect for a year and a half, that’s where you’ve got to say you could drop another $100-$150 in a matter of days. …

“Take a step back. We’ve broken support. We’re well below it. It’s a key shelf. Unless you rally and close back above this 1520-1535 zone, you’ve got to be bearish looking for lower prices

“How low? You could go way down … at least looking for 1448, 1398, perhaps even lower than that.”

On April 15, gold followed its near-term bearish Elliott wave script. Prices plummeted below the $1448, then $1398, then “even lower” to 1321 on April 16.

* * *


See the other 6 “best of” trade setups — including silver, crude oil, and USD/JPY (video) — now.

Take 30 seconds to get a free Club EWI password now — and get instant access to the “best of” report >>

This article was syndicated by Elliott Wave International and was originally published under the headline The Best of 2013: Seven Classic Elliott Wave Trade Setups You’ll See Again in 2014. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.