18 / 07 / 2018 | Technical Analysis

Technical Analysis 18.07.2018-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 has been corrected to the Tenkan-sen line. The closest support level is the upper border of the cloud (83.22). The closest resistance level is Tenkan-sen line (83.42).



On the daily chart Tenkan-sen line has crossed Kijun-sen from below, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from below, current cloud is going to reverse from descending to ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is the upper border of the cloud (83.15). One of the previous maximums of Chikou Span line is expected to be a resistance level (83.75).



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 / 07 / 2018 | Technical Analysis

Technical Analysis 17.07.2018 – 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 (131.40). One of the previous maximums of Chikou Span line is expected to be a resistance level (131.90).




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 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 (130.20). One of the previous maximums of Chikou Span line is expected to be a resistance level (133.05).




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 / 07 / 2018 | Market News

Economists focus on UK and Eurozone CPI inflation data

Economists are waiting for the release of important economic data coming from the United Kingdom (UK) and the Eurozone this week. On Wednesday July 18th 2018, the Office for National Statistics (ONS) will publish data regarding the UK’s Consumer Price Index (CPI) inflation and the Producer Price Index for June 2018. On the same day, Eurostat will publish the Eurozone’s CPI inflation report for June 2018. 

UK CPI inflation likely to have picked up in June 2018

The most important of the releases is the UK’s CPI inflation data. 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. Analysts are anticipating that the CPI inflation picked up coming in at 2.6%, on an annualised basis. The ONS will also release data regarding the UK’s core CPI inflation in June 2018. Core CPI inflation is inflation excluding the prices of seasonally volatile products such as food and energy. According to analysts’ forecasts, the UK’s core CPI inflation is expected to have increased from 2.1% recorded in May 2018 to 2.2% on a year-to-year basis. 

In May 2018, the UK’s CPI inflation had surprised economists by remaining unchanged at 2.4%, on a year-to-year basis, which constitutes a one-year low. The consensus among market experts was that the CPI inflation would increase to 2.5%. Core CPI inflation had also remained flat at 2.1%. The ONS report accompanying the data said that Transport inflation jumped on higher fuels and lubricants costs, while prices rose at a softer pace for recreation & culture, housing & utilities, restaurants & hotels, and food & non-alcoholic beverages.

The Bank of England’s (BoE) board and its Governor Mark Carney would like to see the UK’s CPI inflation rate hovering around 2%. Average earnings, including bonuses, are expected to have increased by 2.5% during May 2018 and, if the inflation forecast is confirmed, the recent pattern of wages rising faster than prices will be reversed. 

Eurozone CPI inflation

On July 18th 2018, Eurostat, which is the official statistical office of the European Union (EU), is expected to publish data regarding the Eurozone’s Consumer Price Index (CPI) inflation in June 2018. Economists polled by Bloomberg on July 11th 2018 suggest that the Euro-bloc’s headline inflation rose to 2.0%, on an annualised basis, during June 2018. If the figure is confirmed, it will be the highest since February 2017.

The inflation rate is expected to rise due to increased prices of fuel and food. A flash estimate report released by Eurostat on June 29th 2018 said that “looking at the main components of euro area inflation, energy is expected to have the highest annual rate in June 2018 (8.0%, compared with 6.1% in May 2018), followed by food, alcohol & tobacco (2.8%, compared with 2.5% in May), services (1.3%, compared with 1.6% in May) and non-energy industrial goods (0.4%, compared with 0.3% in May).”

Trade the British Pound and the Euro on the STO platform

The British Pound against the Euro, the Euro against the US Dollar and the British Pound against the US Dollar are just three of the major currency pairs that you can trade with on the STO platform. STO provides its clients with all the necessary educational material such as webinars to help them with preparing a suitable trading strategy. 

Trading Forex and CFDs, which are leveraged products, are high risk investments and puts your capital at risk. You may sustain a loss of some or all of your invested capital. Only speculate with money you can afford to lose.
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16 / 07 / 2018 | Technical Analysis

Technical Analysis 16.07.2018 – 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 (83.29). One of the previous maximums of Chikou Span line is expected to be a resistance level (83.93).



On the daily chart Tenkan-sen line is crossing Kijun-sen from below, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from below, current cloud has reversed from ascending to descending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is the upper border of the cloud (83.17). One of the previous maximums of Chikou Span line is expected to be a resistance level (84.45).



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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16 / 07 / 2018 | Market News

Online social trading is a new trend

Social media according to the Merriam-Webster online dictionary are “forms of electronic communication (such as websites for social networking and microblogging) through which users create online communities to share information, ideas, personal messages, and other content (such as videos).” During the last decade, thanks to the evolution of technology and mobile devices, social media networks such as Facebook, Twitter and others have become trends and changed our way of life. 

The influence of the social media has been transmitted to the world of trading and investing. The leaders of the investment and trading sectors saw the potential of using the new technologies to improve their skills and benefit as much as possible. The result of these efforts is the commonly known online as social trading which aims to transform trading in ways that couldn’t be done until now. 

What is online social trading?

According to a KPMG report, published on September 2016, "the idea of using social platforms for trading was introduced to the market shortly after the 2008 crisis, offering the possibility for everyone (nearly) to join and to trade in the same way as the trader(s) you were following. The easy registration and low (nearly free) service fees have positioned these offerings as strong alternatives to traditional fund managers who are fighting against decreasing industry returns themselves."

Social trading works by giving people with limited financial knowledge insight into the stock exchange by allowing a real-time analysis of individual trader performance. Seen as one of the most significant shifts in trading, social trading has the potential to open up opportunities for those interested in stock markets. 

Users, as it happens on all known social media such as Facebook, Twitter, LinkedIn and others, can create social trading profiles and as they trade, their interactions are broadcast in real-time to their followers. If followers of a particular investor/trader like the way he trades, they can even choose to “copy” his trades with the click of a button. Copying specific ways of trading can be risky as markets are volatile and there is no guarantee that a successful, in the past, strategy will continue to be successful in the future. 

However, social trading helps traders who don’t have the sufficient amount of time or knowledge to devise an advanced strategy on their own by reducing the need for conducting research and by first identifying the best-performing currencies and commodities before deciding whether to buy or sell them. According to the KPMG report, “social trading carries the very nature of the democratisation of technology, offering access to better financial services and financial education to the masses. This is along the lines of what we’ve seen from robo advisors, blockchain, and mobile payments.” Economists also suggest that in the future fund managers will be able to better understand their clients’ needs based on data generated from the online social trading platforms, precisely as retail giants such as Amazon and eBay suggest new purchases to their customers. 

Trading with STO

STO has set as a goal to offer an optimal trading experience to its clients. STO pays special attention to its clients’ education by arranging educational courses such as webinars and providing its clients with the latest market news reports. STO account owners are able to trade on the most active shares in the US, German and Italian stock markets.

Trading Forex and CFDs (Contracts for Difference), which are leveraged products, are high risk investments and puts your capital at risk. You may sustain a loss of some or all of your invested capital. Only speculate with money you can afford to lose.
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13 / 07 / 2018 | Technical Analysis

Technical Analysis 13.07.2018 – EUR/JPY: Ichimoku clouds

Let's look at the four-hour 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 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 (131.09). One of the previous maximums of Chikou Span line is expected to be a resistance level (131.69).




On the daily chart Tenkan-sen line has crossed Kijun-sen from below, 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 (130.00). One of the previous maximums of Chikou Span line is expected to be a resistance level (132.00).




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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13 / 07 / 2018 | Market News

Meet Ethereum

Bitcoin, Ethereum, Litecoin, Ripple are words that have been added to our vocabulary in the last two years. The names of the most famous cryptocurrencies in the world are making the headlines of the financial news media, sometimes for the profit that their owners make and other times for their price drops. Bitcoin is leading the rest of the cryptocurrencies in terms of gains and fame, but some of the newer cryptocurrencies have started covering the distance with the pioneer.

What is Ethereum?
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality.  Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed.

There are two accounts available through Ethereum: externally owned accounts and contract accounts. Ethereum allows developers to deploy all kinds of decentralized apps. Even though Bitcoin remains the most popular cryptocurrency, some economists speculate that the Ethereum’s growth has the potential to overtake Bitcoin in terms of usage in the future.

The story behind Ethereum
Vitalik Buterin is the programmer that designed Ethereum. Buterin had argued that Bitcoin needed a scripting language for application development. Failing to gain agreement, he proposed the development of a new platform with a more general scripting language. The Ethereum’s founder said in an interview that “I thought the people of the Bitcoin community weren’t approaching the problem in the right way. I thought they were going after individual applications; they were trying to kind of explicitly support each case in a sort of Swiss Army knife protocol.”

In 2014, the crowdsourcing campaign that Vitalik Buterin and other co-founders launched raised more than $18mn and since then Ethereum has grown rapidly with hundreds of developers working on the project. However, a theft of over $50mn in Ether by anonymous hackers in 2016 raised questions over the security of funds and caused a split in the Ethereum community resulting into two separate blockchains, the Ethereum Classic (ETC) and the Ethereum (ETH).

Differences between Ethereum and Bitcoin
  • The number of Bitcoin is capped at 21 million ever to be produced but Ethereum is not capped to any specific quantity. Researchers have estimated that more than 90 million tokens will be mined by 2021 while the majority of Bitcoins already have been mined.
  • They use different security protocols. Ethereum uses a “proof of stake” system. The Bitcoin uses a “proof of work” system.
  • Ethereum offers several methods of exchange including Ether (cryptocurrency), smart contracts and the Ethereum Virtual Machine (EVM).
  • The computers that run the Bitcoin platform are called miners and receive a reward for facilitating and verifying transactions. On the contrary, the Ethereum platform doesn’t offer rewards but allows miners to receive a transaction fee.
Trading Cryptocurrency CFDs on STO
Using the STO Crypto Account, our clients are able to trade Cryptocurrency Contracts for Difference (CFDs) with competitive trading conditions. STO clients can trade CFDs on three of most important cryptocurrencies such as Bitcoin, Litecoin and Ethereum.
 
Trading Forex and CFDs (Contracts for Difference), which are leveraged products, are high risk investments and puts your capital at risk. You may sustain a loss of some or all of your invested capital. Only speculate with money you can afford to lose.
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12 / 07 / 2018 | Technical Analysis

Technical Analysis 12.07.2018 – AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue 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 (82.48). One of the previous maximums of Chikou Span line is expected to be a resistance level (83.00).




On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument has broken through the cloud and slowed down its growth. The closest support level is the upper border of the cloud (82.80). One of the previous maximums of Chikou Span line is expected to be a resistance level (83.43).




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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12 / 07 / 2018 | Market News

US-China trade war escalates

Global financial markets were rattled on Wednesday July 11th 2018 after the United States (US) administration decided to escalate the trade war with China. The two largest economies in the world have become tangled in a trade conflict in the last few months since the US President Donald Trump declared his intention to reverse the situation regarding the trade deficit with the US trade partners. 

On Tuesday July 10th the US administration delivered another blow to the country’s trade relationship with China when it issued a list of thousands of Chinese imports the administration wants to hit with the new tariffs, including hundreds of food products as well as tobacco, chemicals, coal, steel and aluminium. The US Trade Representative Robert Lighthizer, answering reporters’ questions, said that his country was acting because China hadn’t acknowledged all previous warning. 

More specifically, Robert Lighthizer noted that “for more than a year, Donald Trump’s administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition. We have been very clear and detailed regarding the specific changes China should undertake. Unfortunately, China has not changed its behavior- behaviour that puts the future of the US economy at risk.” 

The news shocked the global financial markets that saw the US President Donald Trump taking the trade dispute to the point of no return as Bloomberg’s reporters wrote in their report on July 11th 2018. The famous financial media outlet noted that the new tariffs could force the Chinese administration to retaliate with dangerous consequences. The report focused on the problematic position of the Chinese President Xi Jinping towards his political comrades who ask for immediate action. 

“He’s already imposed retaliatory duties targeting Trump’s base including Iowa soybeans and Kentucky bourbon. Yet, matching the latest U.S. barrage would force China to either levy much higher tariffs or take more disruptive steps like cancelling purchase orders, encouraging consumer boycotts and putting up regulatory hurdles. Not only does that risk provoking Trump to follow through on threats to tax virtually all Chinese products, it could unleash nationalist sentiment on both sides that fuels a deeper struggle for geopolitical dominance,” is a quote from the Bloomberg report. 

Analysts at Nomura, which is one of the largest financial services provider headquartered in Asia, believe that China may move against the US to counterbalance the heavy tariffs imposed on its products. “We expected some response in the wake of China’s reaction to the first round of US tariff increases. However, the release of this list, only four days after the first round of tariffs took effect, indicates that trade protectionism may escalate beyond the initial round of tariffs imposed last week. The new list, targeting $200bn with a 10% tariff, is almost equally split between capital and consumer goods. Thus, if these tariffs do indeed take effect, there would likely be a larger impact on consumers than in the initial round,” Nomura’s economists noted. 

Rabobank’s research team published its report on the US tariffs on July 10th 2018 commenting that the US-China trade war is escalating adding that China probably won’t be able to impose equal tariffs because it doesn’t import an equal volume of products from the US. “Covered are low-tech goods as well as high-tech items squarely aimed at slowing China’s march to ‘2025’ industrial supremacy. If we see these duties kick in, nearly half of all Chinese exports will be under tariffs. China has immediately responded that it will “fight fire with fire” – and yet it can’t put USD200bn of tariffs in place as it doesn’t buy USD200bn more of US goods!”

STO and trading the US Dollar

The US Dollar against the Euro, the US Dollar against the British Pound and the US Dollar against the Japanese Yen are just three of the major currency pairs that you can trade with on the STO platform. STO provides its clients with all the necessary educational material such as webinars to help them with preparing the suitable trading strategy. 

Trading Forex and CFDs, which are leveraged products, are high risk investments and puts your capital at risk. You may sustain a loss of some or all of your invested capital. Only speculate with money you can afford to lose.
...
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11 / 07 / 2018 | Technical Analysis

Technical Analysis 11.07.2018 – EUR/JPY Ichimoku Clouds

Let's look at the four-hour 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 is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is the upper border of the cloud (129.99). The closest resistance level is Tenkan-sen line (130.35).


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 has crossed the price chart from below, current cloud is going to reverse from descending to 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 (129.20). One of the previous maximums of Chikou Span line is expected to be a resistance level (130.35).


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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