Eva Forex

24/03/2020

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Educating and enriching clients with knowledge is a crucial part of allowing traders to trade with confidence. Therefore, EVA FOREX™ prides ourselves on providing the best educational materials, teaching and training traders all about the markets and trading. We continue to develop our educational...

22/03/2020

https://www.evatv.co.za/watch/coronavirus-latest-world-wide-updates-live-updates-world-map-counter-and-country-wise-data_ntMhba5BSpJ9UlZ.html

Coronavirus - Latest data and updates. Providing realtime latest updates from around the world about coronavirus/COVID-19. Coronavirus is the latest pandemic to disrupt worldwi

13/09/2018

Big movements today on the NZD / USD take 1st take profit 0.657 2nd take profit 0.659

23/08/2018

BREAKING DOWN 'ECB Announcement '
The European Central Bank (ECB) Announcements of monetary policy are part of the bank’s communication strategy, which seeks to harmonize the public’s perceptions of ECB monetary policy with its actions in financial markets.

The mandate of the ECB is to maintain price stability, which it has defined as 2% inflation as measured by the Harmonized Index of Consumer Prices (HICP). Unlike the United States’ Federal Reserve Bank, the ECB does not have the mandate to promote maximum employment.

The council meets every two weeks in Frankfurt, Germany. One out of every three meetings is a monetary policy meeting, when the council may make changes. An ECB Announcement follows each of these meetings, along with a press conference, during which the European Central Bank President explains the decisions and takes questions from the press. Currently, the ECB President is Mario Draghi, serving in that role from 2011 through 2019.

Investors, speculators, and analysts will closely watch the European Central Bank (ECB) Announcements for any changes to the target interest rate for lending to the deposit facilities in the eurozone. These interest rates will filter through to the rest of the economy, affecting interest paid on government, corporate and personal debt. In turn, interest rates influence the prices of other assets.

In 2014, the ECB announced its intention to lower interest rates on one of its principal lending facilities to below zero for the first time in history.

ECB Announcements and Quantitative Easing
Since the financial crisis, people have also watched announcements by the Governing Council of the ECB for changes to the bank’s asset purchase program. The purchase program was formed to help provide further liquidity for the European economy and help the ECB reach its inflation goals. However, the ECB has struggled to raise inflation to its 2% target.

In 2012, the ECB controversially expanded this program to include sovereign bonds, in a process also known as quantitative easing. The bank's announcements and press conferences are geared to reassure the public of the central bank’s commitments to this task. The bank plans to increase the level of inflation, even if that means indefinitely continuing to buy sovereign bonds in large quantities.

The European Central Bank reports of monetary policy are part of the bank’s communication strategy, which seeks to harmonize the public’s perceptions of ECB monetary policy with its actions in financial markets.

Read more: ECB Announcement https://www.investopedia.com/terms/e/ecbannouncement.asp
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The ECB Announcement is a publication by the European Central Bank (ECB) Governing Council after meetings devoted to monetary policy.

13/06/2018

&T

25/05/2018

The time is right to Buy Gold

Gold prices rallied as the dollar eased, as jobless claims rose, and the Fed’s Kaplan said the Fed was willing to let the economy run a little above or below targets inflation. The yellow metal rallied nearly $12 per ounce, but failed to take out resistance near the 1,304 level. Support is seen near the 10-day moving average at 1,297. Momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line (the 12-day moving average convergence divergence) index generated a crossover buy signal.

Courtesy - FX empire

04/05/2018

Today’s Job report out the US is much anticipated but it seems that Trade talks are the factor to watch

A big challenge for Friday's markets is the April employment report, but it could be the outcome of trade discussions by Trump administration officials in China that will have more impact on stocks.
The jobs report is expected to show 192,000 jobs were created in April, and the unemployment rate is expected to drop to 4 percent. Wage growth is expected at 0.2 percent, and anything higher than that could ramp up expectations for more inflation — and more Fed rate hikes.
But after the 8:30 a.m. report, the focus should be heavily on China.
"What happened this morning was word came back that China was stiff-arming the trade negotiators," said Jeffrey Saut, chief investment strategist at Raymond James. Saut said the sentiment around that seemed to have reversed by Thursday afternoon, and stocks rallied.

The stock market staged an impressive reversal, with the Dow erasing a near 400-point decline. The market had been pressured by speculation that the U.S. officials, led by Treasury Secretary Steven Mnuchin, would not have much success and there could be escalation of what looks to be the makings for a trade war.
Before the market succeeded in shaking off those concerns, both the S&P 500 and Dow had fallen below their widely watched 200-day moving averages. They recovered those levels, and the Dow closed up 5 at 23,930 and the S&P 500 fell 5 to 2,629, after hitting an intraday low of 2,594.
"People are still a little unsure why the market is so weak. We've had some good earnings," said Scott Redler, partner with T3Live.com. "There's a good argument for the bull and bear case, but I feel the bulls have a better case because of the quality of the earnings."
Besides the China trade concerns, Thursday's markets were also navigating a wave of new headlines about the Russia probe that has engulfed the White House.
Redler said when it appeared trade talks were ended for the day, rumors circulated that there would be some sort of joint announcement from China, and stocks took off at midday. At about 2:30 p.m., a separate headline from CNN on an expected joint statement also helped propel the market.
Saut said he remains convinced that the market saw its low on Feb. 9 when the S&P 500 touched 2,532.
But it could face another retest if the trade talks don't end with at least the appearance of a compromise.
"If we do get some kind of joint statement that both sides are working toward an agreement, that would be a cause for more relief. That could finally get a bit more momentum on the upside," said Redler. "We've been in a trend of setting lower highs. If we can break here, then perhaps the narrative changes to more of a bullish tone versus bearish."

Courtesy - CNBC

02/05/2018

Apple shares to surge after better than expected iPhone X sales

If Apple puts its massive cash holdings to work, the company could end up giving back $60 billion per year to investors, said Gene Munster, founder and managing partner at Loup Ventures, a venture capital firm.
"That alone will move the stock 7 percent higher in the next year," Munster told CNBC on "Fast Money" Tuesday night.
"This is a cash-generating machine that is head and tails above any other FANG stock and really any other company in the world," he added.
Earlier this year, following disappointment over its iPhone sales, Apple announced its plans togo net cash neutral, or an equal amount of cash and debt bringing the balance to zero. It will target to put nearly all its $163 billion in net cash to work, hinting at more stock buybacks, dividends or acquisitions. The company currently has a cash reserve of $267.2 billion.
Meanwhile, Apple announced earnings Tuesday after the bell, beating Wall Street's expectations, but sold fewer iPhones than expected. Still, the sale of 52.2 million iPhones was up — with only 51 million sets sold the same time last year. Shares immediately rose by as much as 5 percent in after-hours trading after the earnings release.

But what really helped tame investors' fears was the company's announcement of a massive $100 billion stock buyback.
"There's going to be a shift over the next few quarters and couple years where investors are less interested on what the iPhone numbers [are] in any given quarter," said Munster, who spent more than two decades as an analyst at Piper Jaffray. "They'll be more interested in about what they buy back."
While Apple CEO Tim Cook did not specify a timetable for the buyback during the conference call, Munster predicted it will be faster than expected.
"The last time [Apple] gave a time frame they exceeded that by 25 percent," he said. "If you take the approach that Apple is a very systematic company and they're going to follow the patterns that they've done in the past, you can get to those conclusions."
Munster rated the quarter as an "A-," and said it wasn't a "blow-out quarter," but there's still room for positive growth.
Over the next six months, Munster predicted the buzz around Apple will be in anticipation of new phones, including three models coming out this fall, with one rumored to be 25 percent larger than current models. Meanwhile, Apple executives have said the iPhone X is the most popular phone in China.
"You can sort of read into that, that they think there is more room for higher priced phones," he concluded

Courtesy - CNBC

01/05/2018

British pound may extend losses as PMI
Cools

UK manufacturing PMI data headlines an otherwise quiet European data docket. It is expected to show that the pace of factory-sector activity growth slowed to weakest in 10 months in April. UK economic news-flow has tellingly underperformed relative to forecasts recently, opening the door for a downside surprise that undercuts near-term BOE rate hike prospects and weighs on the British Pound.

The analogous US manufacturing ISM survey then enters the spotlight. A second consecutive month of moderation is projected after the gauge hit 14-year high in February. Anything shy of a dramatic deviation from consensus forecasts seems unlikely to generate a lasting response from the US Dollar, with traders probably unwilling to offer directional commitment ahead of the upcoming FOMC rate decision.

26/04/2018

With the dollar having It’s back against the ropes for the last 12 months it finally looks like the greenback has had enough and is fighting backing stronger than ever

The dollar has been moving higher, crushing doubters and trading more on rising U.S. interest rates than on President Donald Trump's trade threats.
The dollar index was up a half percent Wednesday, to above 91 and it has gained nearly 2 percent in the past week.
The dollar's move comes after worries that the U.S. would barrel forward with Trump's threat to put tariffs on $150 billion in Chinese goods, igniting a trade war. But some of the harshest talk has died down, and the Trump administration also has said there's been progress in talks to renegotiate the North American Free Trade Agreement between the U.S., Canada and Mexico.
Meanwhile, interest rates have moved to the fore, with the bench mark U.S. 10-year Treasury yield reaching 3 percent for the first time in four years Monday. It continued to move higher Tuesday, touching a high of 3.03 percent.

Expectations are also rising for Federal Reserve interest rate hikes, with odds of a fourth rate hike for 2018 gaining momentum. The Fed meets next week, but it is not expected to take any action on rates, and it will not update its interest rate forecast until its June meeting.
"Everybody was giving up on the interest rate story, and now it's kicked in with a vengeance," said Marc Chandler, the head of fixed income strategy at Brown Brothers Harriman.
Chandler said the Fed may not make it clear that it intends a fourth rate hike for 2018 until it gets closer to its December meeting.

'We're seeing cyclical fundamentals turn to favoring the U.S. and that is a recipe for the dollar to strengthen, and we think it continues for awhile," said Ben Randol, Bank of America Merrill Lynch G-10 currency strategist. "One thing that we've seen is relative central bank expectations, which were a catalyst for the euro higher at the beginning of the year, have reached cyclical limitations."

Courtesy - CNBC

24/04/2018

Could this be the start of the much anticipated rise of the worlds first cryptocurrency back up to $20 000 or even higher

Bitcoin bulls seem to have taken back control after the recent drop back down to support levels of $6500, this would have proved to be a perfect buy the dip opportunity.

With crypto winter price freeze now thoroughly thawed, the spring season has seen prices head north across the board with the combined value of all cryptocurrencies hitting over $397 billion on Sunday night.

Currently priced at $8,896, Bitcoin is edging ever closer to the $9,000 mark and will then target a confidence swelling return to $10,000. And after posting a near 40 percent rise from the April 1st low of $6,425, one expert told Express.co.uk that “the tide is turning”.

Rodrigo Marques, CEO of investment platform Atlas Quantum and previously a senior consultant at the Brazil Stock Exchange predicts a “return of a bull market.”

Drawing on his experience in both the crypto and the traditional finance world, Mr Marques says that cryptocurrencies “took a big step towards mainstream acceptance this spring.”

He said: “At this point, it’s hard to argue against everyone benefitting from cryptocurrencies becoming more mainstream, mature and secure.

“Even with regulatory involvement and new rules, innovation around cryptocurrencies will increasingly support financial inclusion and encourage greater participation in the financial system among those who previously felt out of the loop.”

Mr Marques says that several major developments in March and April have seen British and French regulators take a step towards accepting cryptocurrencies as a development “so significant it can no longer be ignored.”

He says that Coinbase being awarded with an ‘e-money’ licence was a “big move” by the UK regulator, followed just a week later by the British government announcing it will form a new crypto taskforce.

Mr Marques also credits the move by Barclays to “break rank” with the scepticism of the mainstream financial world and partner with Coinbase after its user base in Europe - especially the UK - grew twice as fast as any other market last year.

The CEO said: ”I believe bitcoin deflationary characteristics suggest that in the long run, the market is bullish - while more institutional demand and regulatory clarity from the likes of the SEC and G20 are likely to stimulate the market even more.”

Other industry experts are pointing towards the various ways institutional investors are finding to gauge crypto risk.

Tom Lee of Fundstrat Global Advisors told CNBC: "We believe the 'winter' is ending for Bitcoin, as the crypto to fiat pressures from tax day subside, and as headline risks seem to be fading."

Pointing to the CoinsharesCrypto ETF - a leading indicator for bitcoin prices - he said: "We believe large institutional investors globally use this ETF as a way to quickly gain exposure to bitcoin.

"Hence when shares rise, big money is buying bitcoin."

Courtesy - express.co.uk

21/04/2018

Apple stock falls 4% and goes negative for the year. This could pose as a nice “buy the dip” opportunity for investors

A wave of negative sentiment on Apple sent the company's stock sinking on Friday.
The stock was the worst-performing in the Dow Jones industrial average and ultimately closed down 4 percent. That left the stock off 2 percent on the year.
It fell Friday morning after Morgan Stanley predicted that the company's iPhone sales will fall nearly 10 million below Wall Street's forecast.
Another analyst predicted that the company's iPhone X will be killed off this year after Apple's suppliers reported inventory issues and poor earnings — though not all analysts agree with that assessment.
Jitters ahead of iPhone X sales results

The stakes are high for Apple as it fights to keep its place as the most valuable public company in the business world.
The iPhone giant reports quarterly earnings on May 1, by which time iPhone X sales should be baked in to its results. Apple doesn't usually release sales numbers of individual models.
The phone — the company's priciest yet — was widely expected to be a hit in the year ahead of its launch, with rumors of a new 10th-anniversary design and a "super-cycle" of upgrades. The company said in the autumn the phone was quickly backlogged, and CEO Tim Cook told CNBC that manufacturing was going well.
But enthusiasm seemed to nosedive after the iPhone X was released later in the holiday shopping season and undercut in price by the iPhone 8 and iPhone 8 Plus, both impressive in their own right. Apple executives have tried to reassure Wall Street, but recent reports have swayed sentiment.
In particular, Taiwan Semiconductor Manufacturing said Thursday that its revenue guidance range for the second quarter is $7.8 billion to $7.9 billion versus the Wall Street estimate of $8.8 billion. The chip maker counts Apple as a major client, leading some analysts to believe that Apple is to blame for TSMC's weak outlook.
But while Apple shares are down 2 percent year to date, 63 percent of analysts listed in FactSet still rate it as "overweight" or "buy." The average analyst expects shares to hit $192.84 for the year, well above Friday's close of $165.72.
Some analysts are still optimistic that Apple's repatriation of foreign cash and quickly growing services division could boost the business long term. Piper Jaffray analysts also said earlier this month that more teens than ever own iPhones, for example, which could grow even more if prices fall.
"Overall, we view the survey data as a sign that Apple's place as the dominant device brand among teens remains intact," Piper Jaffray's Michael Olson wrote. "We believe lower-cost 'X-gen' options would be well accepted by teens given strong mindshare Apple has with this demo."

Courtesy - CNBC