Playing for the break and the round number on USDJPY

yen has been in a strong downtrend

USDJPY has been in a strong downtrend. Will the round number support?

The USDJPY has been in a strong downtrend for most of the year. The Bank Of Japan (BOJ) have increased stimulus this month on a backdrop of economic uncertainty and this has weighed on this pair.

The USDJPY is consolidating and may provide trading opportunites

Consolidating for now.. NFP may make USDJPY move

Now, this pair is consolidating in a channel and tomorrows Non-Farm Payroll (NFP) announcement at 12.30 GMT may provide trading opportunities on a break out. The figure expected is 175K for NFP and any deviations from this may surprise the market and get this pair moving.

We are trading close to the round number 100 which has provided recent support. Any break downs may meet some buying support at this level again.

No Risk with SparkProfit

Whatever direction you think the markets are going to go, you can learn to trade at no risk here at SparkProfit. You can even earn weekly cash rewards.

Please note our disclaimer on all of this.

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Is Brent Oil in a Bear Market? Not while its above $40.5

Brent Oil at trading level

Hold on to your hat! Oil may be ready to drop

Once again, we seem to be at a key level for Oil. Brent Oil is trading at $42 as we go into the Trade Inventories announcement today (2.30pm GMT). From a years high of $52.86, Brent has dropped over 20% and is now trading just below the 200 day price average (a key indicator used by traders to gauge the sentiment of a market).

If the $42 should break with selling, the next area of interest is $40.50 which is the half way back of this years bullish correction. Below this level, $37.30 may attract buyers with its previous demand and the 61.8 fibonacci nearby.

We are still trading at the $42 level though and with the 200 moving average nearby, the bulls may decide this is not a bad place to build a long position.

some trade levels on brent oil

Where might the buyers be?

No Risk with SparkProfit

Whatever direction you think the markets are going to go, you can learn to trade at no risk here at SparkProfit. You can even earn weekly cash rewards.

For bigger returns you’ll want TIQL, the New Way To Trade. TIQL was designed to be the world’s safest and simplest trading app – guaranteed, and with the $10 first deposit halved to $5 just for this week there’s no better time to join!

Please note our disclaimer on all of this.

3 market-moving events catching our eye today

I'm in a money making mood

Something for the weekend?

Three big announcements today could upset the markets and give you boss-like chances.

Asia

The land of the rising sun might have put a wad in your pocket if you were on the ball early enough. Did the Japanese go to the shops this month? The household spending announcement at12.30am BST has been in decline for months but forecasts have been off the ball. More chances to play like boss with a JPN monetary policy statement (time tbc) due. This is looking more hawkish. Markets should perk up if the expected stimulus is announced.  The Bank of Japan outlook report at 6am could give us a heads up about which way the government is going to jump.

Europe

Fail! European banks are freaking today with the 4pm BST announcement from the EBA Bank Stress results. Nerves are going to be frayed as  Brexit’s recent spanner in the works could have weakened confidence and the test checks central banks abilities to cope.

USA

More chances to jump on the bandwagon or buck the trend around lunchtime with the US quarterly advance GDP announcement. This can be good for currency trading and is a biggie to make money (or lose it) today. With the US economy on the up and up, and more average Joe’s doing an honest day’s work, we predict a positive advance GDP announcement and a rise in the dollar. But do you know something we don’t?

Stop Losses – No Guarantees

You count on your stop loss to keep you out of trouble

You count on your stop loss to keep you out of trouble – don’t count on it too much

SparkProfit lets you earn points whether you predict the market will rise or fall. It’s the difference between the starting price and your prediction that makes the value of your trade bigger or smaller in the game. In the real markets, traders usually lose money if the stock they buy drops (unless they are shorting the trade, but more on that another time). The trick, just like SparkProfit, is to buy when you think the price is low compared to its true value and you believe it is going to rise.

But, as any SparkProfit player knows, stocks, currencies and other markets can be rather unpredictable. No matter what has happened historically there are many variables that can affect the direction of the market. So what should you do? 

Many day traders constantly watch the markets ready to place a buy or sell order with their broker depending on movements in the market. And that is a good strategy which can maximise your profit by locking in a sell order at the peak and it can also protect you from losses if the market turns.

But for many of us who have busy lives with jobs and other commitments, it’s a strategy we simply can’t adopt. We are time poor so we need a different plan. This is where a Stop Loss Order comes in. 

A Stop Loss Order is an instruction to the broker to sell at a certain price. That way you can relax a little knowing that even if the market drops, your losses will be capped even when you’re looking the other way.

All this sounds really good but there’s a question you need to ask yourself and it is:

Why aren’t Stop Loss Orders any good at stopping losses? 

Wait – what? It’s true – like any market order, your broker can’t guarantee the price you’ll get so you could lose far more than you wanted.

Brokers make no guarantee as to the price the stop order finally fills

Brokers make no guarantee as to the price the stop order finally fills at

The Stop Loss Order in the graphic above triggered the broker to place a sell order but time passes between the two events. In a fast market, the price may have moved significantly in that time so you lose a lot more than you allowed for.

And that’s not all. You could be faced with a stock gap down between trading days

Market Swing infographic

So Stop Loss Orders are not as good as they first sounded, are they?

And that got us thinking. There should be a better way to trade. One where you don’t face losing everything. Doesn’t that sound better?

Press Release: Nous raises £500,000 (US$750,000) for ultra-low risk trading

Tuesday 15 December 2015, London, UK. For immediate release

Nous beats expectations, raises £500,000 (US$750,000) from Angels and crowdfunding, to bring an ultra-low-risk trading service to millions of customers around the world.

London-based start-up Nous Global Markets today announced it has completed a successful round of funding that exceeded the initial target.

The company, which was created to educate people about the enjoyment and the challenges of financial markets, originally aimed to raise £350,000 but quickly reached that target and chose to halt over-funding at £500,000. The money was raised from a combination of Angel investors, Venture Capital and crowd-funding.

The investment is an important validation both of Nous’s traction since going live in 2014, having reached over 300,000 users at very low cost, and of their future plans. Nous will use the funds to release a revolutionary new trading application designed specifically for individuals that are excluded by current products.

Nous’ first round of funding was raised from private investors, predominantly senior finance and technology professionals at global investment banks. This second round brought crowd-funded investment via Syndicate Room‘s platform; as well as strategic investors such as Tantalus Capital, and K.V. Rao, CEO of California-based predictive analytics firm Aviso.

Justin Short, CEO of Nous, says:

“With the great success of our Spark Profit application we realised that there were millions of people with discretionary capital and the desire to trade in financial markets, but no way for them to do that economically. We will put the world’s most consumer-friendly trading system into their pockets: low-cost; ultra low-risk; and with up to 20x returns.”

Nous Global Markets was founded in September 2012 by Justin Short and four other former Merrill Lynch traders and technologists. Originally based in Tokyo it has since relocated to London and has received EIS Advance Assurance.

In January 2014, Short and his colleagues launched their free-to-play virtual trading game — ‘Spark Profit’ — which enables players to predict financial market movements with no risk, in return for cash prizes. Spark Profit’s uniquely visual, beginner-friendly interface and weekly cash rewards have already attracted over 300,000 users in 200 separate countries.

At the beginning of 2015, while learning more about their customers’ needs, they found that 95% of regular players wanted to trade their own money, preferably inside Spark Profit itself. A thorough review of the competition showed that there was indeed a very large opportunity to create a simple, low-risk way for people to trade — which would be a natural progression of the existing app and a validation of Nous’ “profit together” ethos. The new trading application will feature a unique combination of consumer-friendly features unavailable elsewhere. It is due for soft-launch in Q1 2016.

Contacts

Justin Short / CEO, Nous Global Markets / +44 207 117 2942 /[email protected]

About Nous

Nous, positioned at the intersection of Finance, Gaming and Education, was founded in 2012 by Justin Short and four other highly experienced traders and technologists. They saw an opportunity to empower people around the world to discover their own talents and benefit from access to global opportunities, via their smartphones. Nous launched Spark Profit, the free-to-play virtual trading game, in January 2014.

www.nous.net
www.sparkprofit.com

Spark Profit: The Future of Trading

Update: Target Reached; Overfunding In Progress!

We are very happy to have exceeded our £350,000 target. Overfunding of up to £500,000 is available but be aware that (1) momentum is strong and we could hit even that limit before the December 6th deadline; (2) the minimum investment has increased to £5,000. So if you have an interest to invest, read on quickly!

Open To Angel Investors, From £1,000 £5,000

Tens of thousands of Spark Profit‘s players told us: they love our virtual-trading interface, but have also gained enough confidence that they want to use the app to actually trade. Well, we already had the team, tech, and traction, and we have just designed a ground-breaking new product to meet their demand. We have reinvented trading, and it’s awesome!

To move forward with our plans Nous has partnered with the highly-regarded Syndicate Room, to raise up to £500,000. Given the market size and our success to date, we believe we are projecting investment returns of over 30x in 5 years. This EIS-eligible investment round has a minimum investment of just £5,000. It closes very soon but before you rush off and sign up, let us tell you a little more about those plans…

A New Generation of Trader

We released Spark Profit in 2014 as a fun way to engage and educate potential traders from all walks of life, fostering both a love of investing and an understanding of the challenges. The app is very popular and has found a hugely under-served market of smartphone natives, who want to participate in financial markets but do not have the resources, or cannot get past the jargon, that existing platforms require.

Screen Shot 2015-10-27 at 16.36.04

Unique product for an under-served population

We are now raising funds to introduce real-money, real-market trading to Spark Profit. Our completely new take on trading was designed for our existing customers’ lives and personal situations. What we are building is tremendously safe, simple — and yet still highly rewarding. People from around the world will be able to invest as little as $0.10, never be at risk of losing more than that micro-investment, and still see returns of up to 2000%. Only Spark Profit offers this level of safety and consumer-friendliness.

Trading for real moneyProven technology & traction

We have the traction, the team and the technology required to make this happen. Spark Profit has already proven most of what we need. The single missing piece of the puzzle is a licence allowing us to go live with the kind of guarantees our customers should expect. The investment is expected to get us that licence and get the firm to monthly break-even.

So if you’re interested, are eligible and have £5,000 pounds to invest into global empowerment, head over to our campaign on Syndicate Room!

Note: You’ll need to create an account in order to view the all the details before investing. If you hit a problem entering a valid address when creating an account look for the “manual entry” option that should appear. As with all investments into early stage companies, your capital is at risk.

AUDUSD – Some Levels To Watch On The Aussie This Week

We are at an interesting support level on the AUDUSD pair – looking at the longer term chart below.

The audusd is finding support at a long term level

AUDUSD long term level

Some observations from the above chart for a bullish thesis:

  • We are near a long term ascending trend line – most market participants in this pair are aware of this trend line.
  • We are at a symmetrical distance comparable to the drop in this pair in 2008.
  • We are close to the 61.8 fibonacci level.
  • We have had demand at this level before.

Drilling down to the 4 hour chart on this pair, we can see that we have a level in play where supply has turned into demand.

Supply had turned to demand

A supply turned demand level in play

For now, this pair has broken, and retested, the short term descending trend line and is holding, for now, above a previous supply level. We also have an earlier bear trap so there could be some remorseful shorts caught who might cover on retests of the lows.

There is a bearish thesis to be made as well. Things may get sticky for the bulls at about 0.7540 – we have a confluence of the half way back, the 61.8 fib and previous demand level (and old demand levels can become new supply points). We are also touching a descending trend line from the May highs and this may induce some selling.

There is a descending trend line

The bearish thesis

What do our players think of this market?

Right now, we have a net bearish consensus on the AUDUSD. Let’s see if the wisdom of the crowd is right this week! We will post any changes to the opinion of the crowd.

What do our Spark Profit players think

What do our Spark Profit players think

AUDUSD – risk on tap this week

It has been a busy week for this pair risk wise and the remainder of the week has risk on tap with Non Farm Payroll at the end of the week and a number of events for the AUD. Expect some volatility.

  • Aug 5 – ISM Non-Manufacturing PMI
  • Aug 6 – Employment Change and Unemployment Rate for Australia
  • Aug 7 – RBA Monetary Policy Statement
  • Aug 7 – Non-Farm Employment Change

No Risk With SparkProfit

Which ever way you think this market is going to go, you can play it risk free with SparkProfit.

Please note our disclaimer on all of this.