Buenos Aires ADR stocks available at ActivTrades

Another great market that ActivTrades is giving access to its clients is the Buenos Aires Stock Exchange in Argentina. The exchange lists some very interesting companies like Petrobras Argentina and Telecom Argentina. Through the use of ADRs (American Depository Receipts), one can trade foreign stocks that are listed on the New York Stock Exchange (NYSE) and NASDAQ. Keep in mind that these instruments are treated as CFDs, therefore they carry different commissions’ costs and exchange fees. For more detail information, please visit:

http://www.activtrades.co.uk/index.aspx?page=cfds_commissions

The Kiwi stays within a bearish channel

The New Zealand Dollar versus the US Dollar has been trading within a well formed bearish channel, which is practically parallel to its 200 exponential moving average on the daily chart. The price may try to visit the lower trendline of the channel from where it may bounce back up. Therefore, we must be attentive to a possible long entry from that area.

However, we must realize that if the price breaks out of the channel to the upside or to the downside, its momentum may accelerate in that direction and we may get surprised on the wrong side of the market.

The EUR/JPY keeps breaking new lows

The Yen has been strengthening versus the major currencies, including the Euro. Last week the EUR/JPY found a good support at the 140.00 level, but today the bearish momentum has kept going and the pair broke the 140.00 level to the downside. From this point on we could wait for confirmation of the breakout of the 140 level and wait for the pullback for a possible short entry. Next major support should be the 139.00 level.

Correction on the EUR/USD daily chart

The Euro versus the Dollar has found a good support level around the 1.1800, which we have been watching during the last couple of days, due to the fact that the daily candlesticks have left a relatively long lower shadow. The lower shadows of the candlesticks indicate to us that the buying interest was rising and that the downward momentum was losing steam. Today we see a bullish correction on the pair, supported by the mix fundamental data that came out of the US.

Is there a possible change of direction on the GBP/USD?

The Pound versus the Dollar has been in a bearish trend and has been breaking key support levels consistently. However, we can see on the daily chart of the GBP/USD that when the price reached the 1.5100, the momentum has lost strength. The relatively long lower shadow of the last couple of daily candles is another indication that buying interest may be rising. Non the less, tomorrow we have the non-farm payrolls report out of the US, and if the number comes out better than expected, then the Dollar may strengthen and the pair may reach the 1.5000.

Possible hammer on the GBP/USD daily chart

The hammer is a bullish reversal candlestick formation. It means that the price may change direction to the upside if the pattern is confirmed. The long lower shadow with the small real body of the candlestick is an indication that the buyers came in strong towards the end of the trading day. If tomorrow’s candlestick is bullish, then the formation is confirmed and most likely will try to correct to the upside. 

Main Colombian stocks available at ActivTrades

The main economies of Latin America have been enjoying a rally and are providing a great opportunity to diversify your portfolio or to trade in different markets. The stock exchanges of Mexico, Chile, Peru and Colombia are merging together to create the biggest stock exchange of the region. That is why ActivTrades has been recently expanding its range of Latin American ADRs (American Depository Receipts) trading at the NYSE and has added some of the main stocks of the Colombian stock exchange like: Ecopetrol (oil company), Bancolombia (banking), and Grupo Aval (banking). There is more detailed information on margin requirements and the complete list of ADRs available at:

http://www.activtrades.co.uk/index.aspx?page=cfds_commissions