Swiss Christmas delights

Matthew Partridge explores the festive market and the Hotel N’vy in Geneva

from Moneyweek RSS Feed https://moneyweek.com/spending-it/travel-and-holidays/605622/swiss-christmas-delights
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How to invest in the “scary good” tech changing the world

Technology is changing the way we live and work, and this new tool could have a huge impact on the tech industry says Dominic Frisby.

from Moneyweek RSS Feed https://moneyweek.com/investments/stocks-and-shares/tech-stocks/605621/how-to-invest-in-the-scary-good-tech-changing-the
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Investors are turning to gold as house prices fall

Data shows demand for gold has increased due to market volatility and falling house prices.

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Is it cheaper to leave the heating on low all day?

The weather is getting colder and energy bills are rising, but is it really cheaper to leave the heating on low all day or should you only turn it on when you need it?

from Moneyweek RSS Feed https://moneyweek.com/personal-finance/605562/leave-heating-on-low-all-day
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Demand for new homes down 50% as property market continues to cool

Zoopla’s latest house price index revealed quarterly house price growth has slowed and is likely to turn negative in the first quarter of 2023.

from Moneyweek RSS Feed https://moneyweek.com/investments/property/house-prices/605617/demand-for-new-homes-down-50-percent
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Active investing vs passive investing: which is best?

Active investing and passive investing strategies both have their own merits and carry different risks.

from Moneyweek RSS Feed https://moneyweek.com/investments/investment-strategy/605616/active-investing-vs-passive-investing-which-is-best
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Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise

Type: Bullish RiseKey Levels:Resistance:2569Pivot:2422Support:2470Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2569, where the previous swing high is.Alternative Scenario:Price may break the support at 2470, where the 61.8% Fibonacci line is before heading towards the pivot at 2422, where the 50% Fibonacci line is.Fundamentals:There are no major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/cocoa-futures-cc1-h4-potential-for-bullish-rise22"
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Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation

Type: Bullish ContinuationKey Levels:Resistance:1508.75Pivot:1469.00Support:1423.25Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is. Alternative Scenario:Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is. Fundamentals:There are no major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/soybean-futures-zs1-h4-potential-for-bullish-continuation22"
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EURO FX Futures ( 6E1! ), H4 Potential for Bullish Continuation

Type: Bullish ContinuationKey Levels:Resistance:1.07935Pivot:1.05085Support:1.03315Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the 1st resistance line at 1.07935 where the previous swing high is.Alternative Scenario:Price may possibly break the pivot at 1.05085 where the previous high was before heading down towards the support at 1.03315, where the 23.6% Fibonacci line is.Fundamentals:There are no major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/euro-fx-futures-6e1-h4-potential-for-bullish-continuation22"
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Bitcoin Trading Flat, but not for Long

As we all know, Christmas and the holiday season make the market especially volatile. So, get ready for different unexpected and illogical market moves.Bitcoin keeps moving in a very narrow range, trying to define the next move. The asset might potentially pull from the resistance at the level of 18350 next to the broken uptrend. So, let’s observe what will happen next.Silver is approaching the resistance at the level of 24.75. The asset might potentially try to either pull back or break the level through. As silver seems to be heading up, it could break this level through. However, it would be wise to check the price movements or the candlestick formations next to this level.The currency pair EUR/USD is forming a pennant after the breakout of the downtrend. It might signify a potential jump. Currently, the asset’s price is testing the level of 1.0600. The currency pair might gain the required support at this level and head up.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/bitcoin-trading-flat-but-not-for-long"
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The Risk of more Downside in USDJPY Remains High on Implications of BOJ Major Policy Shift

FX market continues to digest BOJ’s hawkish surprise yesterday, USDJPY volatility remains elevated. The market reaction to the shocking move of the Bank of Japan delivered a crushing blow to JGB demand resulting in a massive dump of Japanese bonds by investors. In turn, this effect caused the yen to strengthen by more than 4% against the dollar. Today, the speculative demand for the yen declined and USDJPY rebounded from 130.50 to 132.5. Nevertheless, the risk of a new decline remains high for the simple reason that the policy of the Bank of Japan has the groundwork for a radical change, namely the transition to the gradual withdrawal of monetary stimulus. The current rebound may run out of steam at the level of 1.33-1.3350, after which a downside may resume:The Conference Board releases the US consumer confidence data today, also the report on existing home sales is due.The US data calendar for the second half of the week includes Personal Income, Personal Goods and Durable Goods Orders for November (December 23), and the Dallas and Richmond Fed Manufacturing indices for December 27-28. There are currently no scheduled speeches by Fed officials until the release of the Fed minutes on Jan. 4. However, it is unlikely that this data will induce major moves in the low-volatility environment during the holiday period. Current major drivers of sentiment will likely be news from China and about the energy crisis. In China, a growing number of anecdotal reports suggest that the actual death toll could be significantly higher than reported: if supported by more evidence, markets may increasingly doubt the sustainability of China's COVID-19 zero exit path with negative implications for yuan, Asian EMFX and currencies sensitive to the global business cycle. On the energy side, a potential Russian response to EU gas price caps, a possible re-escalation of the conflict in Ukraine, and news about the weather (which has been a key driver of gas prices recently) could have implications for the foreign exchange market. From this point of view, European currencies continue to look quite vulnerable. The dollar index is likely to close the year at current levels. In line with its seasonal trend, December was a weak month for the dollar. However, already in January, seasonality can become a positive factor for the dollar as the US currency rallied in January during the four previous years.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/the-risk-of-more-downside-in-usdjpy-remains-high-on-implications-of-boj-major-policy-shift"
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S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop

Type: Bearish DropKey Levels:Resistance:4049.00Pivot:3914.00Support:3757.50 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 3757.50, where the 161.8% Fibonacci line is.Alternative Scenario:Price could head back up to retest the pivot at 3914.00, where the previous swing low is.Fundamentals:There are no major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/s-and-p-500-e-mini-futures-es1-h4-potential-for-bearish-drop21"
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7 cheap investment trusts to buy

Max King takes a look at six cheap investment trusts to buy today after what has been a terrible year for the sector.

from Moneyweek RSS Feed https://moneyweek.com/investments/funds/investment-trusts/605615/7-cheap-investment-trusts-to-buy
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Daily Market Outlook, December 21, 2022

Daily Market Outlook, December 21, 2022 The Bank of Japan's surprise announcement regarding a modification in its yield curve control policy, by widening its 10-year target to a plus or minus 0.5% versus its prior plus or minus 0.25%, has left markets grappling with the implications as the global anchor of rates is finally lifted, market participants believe that this is likely the first salvo in a significant regime shift that will unfold in 2023, this belief is contrary to the BoJ's official stance but nevertheless as is often the case once markets sense weakness or a shift in policy stance they will seek to test the position, with some major hedge funds already openly discussing plans to build positions in the Japanese Yen to take advantage of the potential for future announcements, given the sizeable moves already witnessed in favoured carry trade positions in the likes of AUDJPY and NZDJPY which have already seen reversals of just under 5%.  The BoJ move had initially pressured global risk sentiment with equity markets responding negatively to the last bastion of easy monetary policy seemingly giving way, however, a reversal in sentiment developed during yesterday's European and US sessions as dwindling liquidity and positive comments from FEDEX sparked the fuse for a short covering rally, with the benchmark SP500 snapping a four-day losing streak, this reversal in risk sentiment has carried into Asian trade overnight, with most Asian markets posting positive returns on the day, even the Nikkei managed to stabilise losses showing only marginal decline on the day. European markets are set to open with a positive tone this morning, investors will be hoping for no further 'tape bombs' for the remainder of the week as holiday-thinned trading conditions start to set in and investors hope for a Santa rally, the Scrooge's amongst market participants are starting to opine on what was going on behind the scenes at the BoJ that meant they needed to make this historical policy announcement the week before Christmas?Overnight HeadlinesUS Target China Potential Chip Star With New RestrictionsUS Hopes To See China Defeat Current Covid-19 OutbreakUS Senate Advance $1.66 Trillion Government-Funding BillBeijing Braces For Cases Surge, World Watches In ConcernJapan Warns Of Covid Situation, Cuts Factory Output ViewGoldman: BoJ Could Remove Negative Interest Rates NextUK Business Confidence Sees Best Rebound Since April 21Zelenskiy Plans To Address Congress In-Person WednesdayOil Holds Two-Day Gain On Stockpile Decline, Supply RisksTC Energy Delays Full Keystone Pipeline Restart Next WeekFedEx Profit Top As Higher Prices Offset Shipments DeclineNike Beats Estimates As Boosted By Discounts, PromotionsFX Options Expiring 10am New York CutEUR/USD: 1.0400-10 (890M), 1.0500 (272M), 1.0700 (258M)USD/CHF: 0.9300 (1.0BLN). EUR/CHF: 0.9800 (274M)AUD/USD: 0.6655 (207M), 0.6900 (867M)USD/CAD: 1.3485 (250M)Technical & Trade ViewsSP500 Bias: Bullish Above Bearish Below 3900Primary support is 3900Primary downside objective is 3700Above 3950 opens a test of 400020 Day VWAP bearish, 5 Day VWAP bearishEURUSD Bias: Bullish Above Bearish below 1.0650Primary resistance is 1.0650Primary downside objective is 1.0450Above 1.0680 opens a test of 1.073520 Day VWAP bullish, 5 Day VWAP bullishGBPUSD Bias: Bullish Above Bearish below 1.2250Primary resistance is 1.2250Primary downside objective 1.20Above 1.2275 opens a test of 1.234020 Day VWAP bearish, 5 Day VWAP bearishUSDJPY Bias: Bullish above Bearish Below 132.50Primary resistance is 132.50Primary downside objective is 130Above 133 opens a test of 133.6020 Day VWAP bearish, 5 Day VWAP bearishAUDUSD Bias: Bullish Above Bearish below .6740Primary resistance is .6740Primary downside objective is .6535Above .6775 opens a test of .689020 Day VWAP bearish, 5 Day VWAP bearishBTCUSD Bias: Intraday Bullish Above Bearish below 16200Intraday 16200 is primary supportPrimary upside objective is 17200Failure at 16000 opens a test of 1550020 Day VWAP bearish, 5 Day VWAP bearish

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-december-21-2022"
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