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  • Squawk / Friday at 8:41 GMT
    wizard65 wizard65
    Senior Analyst /
    Weekly Trading Forecasts on Major Pairs (April 21 - 25, 2014)

    Dominant bias: Bullish
    This market has been moving sideways for days without going in a directional move. However, the bullish bias is still valid because the price has been able to stay above the strong support line at 1.3800. Any movement below that support line could mean the end of the bullish bias. Really, the odds of the price moving upwards are very high when momentum returns to the market. For the bulls, there are targets at the resistance line of 1.3900 and 1.3950.

    Dominant bias: Bearish
    Although the current situation on this pair can still be termed as being bearish, the situation is highly precarious. The bearish outlook is under a serious threat because the pair has been moving slowly, but steadily upwards recently.
    Read the Squawk
  • Squawk / Thursday at 8:44 GMT
    wizard65 wizard65
    Senior Analyst /
    What Would Happen Next to the EURUSD?

    “It is not so important to be right, but how to make money when you are right.” – Ivan Hoff

    I remember what happened at one interesting trading conference I attended about 5 months ago. It was an interesting conference indeed. At one stage, the moderator showed us a EURUSD chart (whose dominant trend was bullish, but the short-term trend was bearish) and asked us this question:

    Where do you think the price would go next?

    There was silence in the hall. Predicting the future is a great challenge; plus it’s senseless to talk about the future price action with an utmost certainty. A few traders stood up and tried to give their opinions. I later stood up, took the microphone and said that two things could happen at that juncture: the price could turn in favor of the dominant trend which would continue OR the short-term bearish correction could actually be the beginning of a strong bearish outlook. Was I wrong?
    Read the Squawk
    smacksman smacksman
    So you said the price could go up or down - a forecast. that should prove correct.
  • Squawk / Thursday at 8:20 GMT
    Peter Garnry Peter Garnry
    Head of Equity Strategy / Saxo Bank
    Google's disappointing Q1 results sort of vindicates our points from February on Saxo TV where we highlighted the fact that Google's valuation was stretched and companies in the world top in terms of market value rarely can live up to high expectations. Apple was a previous case and we pointed out that Google would likely experience the same difficulties living up to expectations.

    Especially the sales miss was a big disappointment and was driven by declining ad prices which have lately been under pressure because of mobile penetration.
    Read the Squawk
  • Saxo TV / Thursday at 7:10 GMT

    Which way will Weibo go?

    Peter Garnry
    Saxo Bank's Head of Equity Strategy, Peter Garnry, analyses Weibo's IPO. Often called the 'Chinese Twitter', the microblogging site has half a billion registered users and is a hotly anticipated IPO. The launch comes at a time when tech stocks have slumped, Chinese growth is slowing and Peter Garnry also believes the share valuation is overvalued.
    See the video
  • Article / Wednesday at 13:24 GMT

    US Stocks: Ripe for a bounce

    Serge Berger Serge Berger
    Trader /
    United States
    US Stocks: Ripe for a bounce Read the article
    Serge Berger Serge Berger
    Nice follow-through bounce yesterday in US will be tricker ahead of a 3 day weekend and with April options expiration upon us