21 / 09 / 2018 | Technical Analysis

Technical Analysis 21.09.2018 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (81.80). One of the previous maximums of Chikou Span line is expected to be a resistance level (82.50).




On the daily chart Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is descending. The instrument has broken through the cloud and is still rising. The closest support level is the upper border of the cloud (82.10). One of the previous maximums of Chikou Span line is expected to be a resistance level (82.60).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
 
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20 / 09 / 2018 | Technical Analysis

Technical Analysis 20.09.2018 – EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (130.84). The closest resistance level is Tenkan-sen line (131.22).




On the daily chart Tenkan-sen line is above Kijun-sen, the blue line is directed upwards, while the red one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (130.08). One of the previous maximums of Chikou Span line is expected to be a resistance level (131.71).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.

 
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19 / 09 / 2018 | Technical Analysis

Technical Analysis 19.09.2018 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (81.02). One of the previous maximums of Chikou Span line is expected to be a resistance level (81.42).



On the daily chart Tenkan-sen line is below Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span has crossed the price chart from below, current cloud is descending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (80.91). The closest resistance level is the lower border of the cloud (81.30).



The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
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19 / 09 / 2018 | Market News

BoJ keeps rates on hold, UK CPI rises in August 2018

This week is one of those that keep investors and traders’ attention at the top level. As September is already reaching its end, the global markets are already warming up after the brief summer interruption. Last week, the European Central Bank (ECB) and the Bank of England (BoE) decided to keep their interest rates unchanged, a set of decisions that didn't surprise the experienced analysts. 

BoJ keeps interest rates unchanged

On Wednesday September 19th 2018 the Bank of Japan’s (BoJ) governing board convened to decide on interest rates. The BoJ’s policymakers announced that they would keep borrowing costs unchanged at -0.1%. The decision was widely anticipated by analysts. A report by Danske Bank published right after the meeting noted that “the BoJ also maintained its forward guidance and left its asset purchases unchanged. The BoJ has clearly shifted to autopilot mode after it announced some policy tweaks at the July meeting, and an unchanged signal from the BoJ today was fully expected. Hence, no reaction in the US Dollar/Japanese Yen rate or the Japanese fixed income market.” In their report, the Danske Bank’s economists stressed that they expect the BoJ to keep its current monetary policy intact until the end of 2019 at least. 

On Tuesday September 18th 2018, the Japanese Finance Minister Taro Aso made some comments regarding the BoJ’s meeting. Taro Aso, speaking on Reuters, said that the BoJ is authorized to decide on monetary policy matters and that he believes that the central bank’s target is to pursue the appropriate policy to achieve price stability. 
Japan’s Finance Minister continued his comments on Reuters noting that he is fully aware that the BoJ’s 2% Consumer Price Index (CPI) inflation will take a long time to achieve. Taro Aso mentioned that any debate on BoJ’s exit strategy would probably cause market confusion which he would prefer to be avoided. Aso also urged the United States (US) and China to continue negotiations regarding trade tariffs to prevent the fallout on other countries.   
   
The Reuters media agency published the results of a poll conducted earlier in the week. The survey was associated with the BoJ’s monetary policy. The majority of economists polled said that the BoJ is unlikely to unwind the massive stimulus until 2020 or later. The poll showed that most of them expect the BOJ to scale back on stimulus measures, not add to them. The economists’ forecast showed that the core CPI inflation is likely to remain the same for the following fiscal year (until March 2020). They also stressed that the expected sales tax hike would likely hurt the economy and would push Japan’s Gross Domestic Product (GDP) lower. 

UK Consumer Price Index inflation

On Wednesday September 19th 2018, the Office for National Statistics (ONS) published its August 2018 CPI inflation report. The report showed that the UK’s CPI inflation rose to 2.7%, on an annualised basis, from the 2.5% figure recorded in July 2018. On a monthly basis, the UK’s headline inflation ticked higher to 0.7%, 0.2% more than in July 2018. According to the ONS services, the core CPI inflation also jumped to 2.1% in August 2018 on a year-to-year basis from 1.8% in July 2018. 

The ONS accompanying report said that the rising transport, clothing and recreational goods prices drove the cost of living higher in August 2018 as the UK’s CPI inflation hit its highest level in the last six months. Right after the ONS CPI inflation report was published, the British Pound jumped to an eight-week high against the US Dollar as traders calculated that higher inflation would press the Bank of England (BoE) to raise borrowing costs earlier than previously thought. 

Trade the Japanese Yen and the British Pound on STO

STO offers traders the opportunity to choose from a selection of over 30 currency pairs for a bespoke trading experience. STO clients can trade major, minor and exotic currency pairs with spreads starting from 0.0 pips. STO offers a daily comprehensive fundamental and technical analysis which could help traders build their trading strategy.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.52% of retail investor accounts lose money when trading CFDs with AFX Capital Markets Ltd. 64.84 % of retail investor accounts lose money when trading CFDs with AFX Markets Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. For more information about the key risks associated with CFDs, please refer to our full Risk Disclosure.
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18 / 09 / 2018 | Technical Analysis

Technical Analysis 18.09.2018 – EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (130.55). One of the previous maximums of Chikou Span line is expected to be a resistance level (131.00).




On the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has broken through the cloud and slowed down its growth. The closest support level is Tenkan-sen line (129.49). One of the previous maximums of Chikou Span line is expected to be a resistance level (131.62).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.

 
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17 / 09 / 2018 | Technical Analysis

Technical Analysis 17.09.2018 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (79.84). One of the previous maximums of Chikou Span line is expected to be a resistance level (80.76).




On the daily chart Tenkan-sen line is below Kijun-sen, the blue line is directed downwards, while the red one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (79.73). The closest resistance level is Kijun-sen line (80.23).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
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17 / 09 / 2018 | Company news

Live Forex Courses In Romania

Here at STO we are committed to delivering the highest standard of services, exceeding our customers’ expectations at all levels. As a part of our effort, we have developed a great range of educational tools including webinars, seminars and courses that will put our clients on the right trading path. 

Building stronger bonds with our customers across Europe, our Romanian clients will have the opportunity to learn the forex basics in our upcoming “Live Forex Courses” in Bucharest. The four free courses, divided into two parts, are scheduled for September 27th 2018 and October 11th 2018. Their aim is to give our Romanian clients a taste of the fascinating and competitive world of forex trading.

Dorin Petre Rosu who will be presenting the courses has over 11 years of experience and can be considered one of the oldest professionals in the field of trading in the financial markets. Attendees will have the chance to learn more about our offered services and get a brief introduction on how to execute their trading strategies and how to use some of the most advanced online trading tools in the market. For more information click on the link HERE.

Don’t miss the opportunity to join our “Live Forex Courses” in Bucharest and enter the world of trading with an established broker on your side.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.66.52% of retail investor accounts lose money when trading CFDs with AFX Capital Markets Ltd. 64.84% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. You should know your capital is at risk. For more information about the key risks associated with CFDs, please refer to our full  Risk Disclosure.

 
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14 / 09 / 2018 | Technical Analysis

Technical Analysis 14.09.2018 – EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (130.69). One of the previous maximums of Chikou Span line is expected to be a resistance level (131.05).




On the daily chart Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud has reversed from descending to ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (130.16). One of the previous maximums of Chikou Span line is expected to be a resistance level (131.21).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
...
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14 / 09 / 2018 | Market News

Eurostat to release its August 2018 Eurozone CPI inflation report

Next week will start strong on Monday September 17th 2018 with the global financial markets expecting to scrutinise data regarding the Eurozone’s Consumer Price Index (CPI) inflation. On Monday, Eurostat which is the official statistical office of the European Union (EU) will be releasing the finalised inflation data as it was recorded by the EU’s services during August 2018. 

Eurozone CPI inflation estimates

The CPI is an indicator used to measure the rate at which the prices of goods and services bought by households rise or fall, which is the rate of inflation, referred to as the CPI inflation. Eurostat will also include core CPI data in the data release, which measures price movements excluding the ones of volatile components such as food, energy, alcohol and tobacco.

A poll by Bloomberg published on September 11th 2018 showed that the majority of economists expect the Euro bloc’s CPI inflation to come in at 2% in August 2018 on an annualised basis, matching the July’s 2018 reading. On a month-to-month basis, the CPI inflation is likely to come in at 0.2%, significantly higher than the -0.3% figure recorded in July 2018. Analysts suggest that the finalised data regarding the core CPI inflation during August 2018 will show that it remained stable at 1%. 

The ECB aims to keep inflation below, but close to, 2% over the medium term. However, the ECB’s monetary policy so far, despite the quantitative easing (QE) programme applied in recent years, has not succeeded yet in bringing inflation close to its target. A report by BNP Paribas, which is one of the largest banks in terms of capitalisation in Europe, said that Eurozone inflation has grown quickly since the beginning of the year and is near or above 2% in France and in the whole Eurozone which is at its highest since 2012. 

BNP Paribas’ analysts noted that “this is not really welcome for households and especially those with low income because it affects daily expenses such as food and energy, which are hard to cut back on. The energy sector explains about 70% of the inflation increase since the beginning of the year. This pick-up in prices might be unwelcome but could be temporary as energy prices are, by nature, volatile.” In the report, it was stressed that the European Central Bank (ECB) focuses on core CPI inflation and that it aims for a non-transitory headline CPI inflation rate of 2% without being in need to increase its interest rates. 

ECB keeps interest rates unchanged

The ECB’s governing board, headed by Mario Draghi, convened in Frankfurt on Thursday September 13th 2018 to decide on interest rates. The Eurozone’s central bank board announced that it would keep interest rates unchanged at 0%. The decision was expected by economists. A report published by Westpac said that the ECB’s board meeting affirmed the forward guidance set out in June 2018. “Risks to the outlook continue to be described as ‘balanced’ but it is here Draghi touched on some particularly prescient issues. In June, we were told that asset purchases will be tapered again from October before ending completely in December, and that interest rates are on hold until the end of next summer. The ECB’s macroeconomic projections saw a slight downward revision in the growth outlook due to lower external demand,” was noted in the report. 

Trade the Euro on STO

The Euro to US Dollar, the Euro to British Pound and the Euro to Japanese Yen are just three of the currency pairs you can trade with on the STO platform. STO clients can select from a variety of over 30 currency pairs and plan the suitable trading strategy for them. STO provides traders with a daily fundamental and technical analysis that aims to help them reduce the trading risks.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.52% of retail investor accounts lose money when trading CFDs with AFX Capital Markets Ltd. 64.84 % of retail investor accounts lose money when trading CFDs with AFX Markets Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. For more information about the key risks associated with CFDs, please refer to our full Risk Disclosure.
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13 / 09 / 2018 | Technical Analysis

Technical Analysis 13.09.2018 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from below, current cloud is descending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (79.75). The closest resistance level is the lower border of the cloud (80.20).




On the daily chart Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (79.63). The closest resistance level is Kijun-sen line (80.66).




The Technical Analysis is provided by Claws and Horns (Cyprus) Limited, an independent analytical company. Any views and opinions expressed are explicitly those of the writer. Any information contained in the article, is believed to be reliable, and has not been verified by STO and is not guaranteed to be accurate. References to specific products, are for illustrative purposes only and are not a form of solicitation, recommendation or investment advice. Past performance is not a guarantee of future performance.
...
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Risk Warning: 64.84% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money. For more information about the key risks associated with CFDs, please refer to our full Risk Disclosure.

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