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Ezio Aurelio

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  1. Ezio Aurelio

    Ripple

    Hello Michael, Price of Ripple (XRP) has corrected roughly 5% after reaching a 1-month high just above the $0.21 mark. The bears took advantage of bulls’ failure to clear the resistance line and forced a price correction, but bulls remain in control. According to the recent price action data, a short-term bullish move is likely. If XRP manages to move to the $0.1957, it could easily attract new Ripple buyers. David Schwartz, Chief Technology Officer of Ripple, expressed a rather controversial opinion on crypto prices, saying that they’re controlled by the public’s confidence and not market whales. Schwartz said this in a post on Twitter, adding that the current value of XRP ($0.20) can’t be correct. “My logic is simply that if the price really were ‘obviously too low’ or ‘obviously too high,’ enough wealthy people would buy or sell to push the price into a reasonable assessment of value,” he said.
  2. Hi Sam, thanks for joining us here. The Bearish Belt Hold refers to a bearish reversal candlestick pattern which can take shape in both an uptrend and a downtrend. The focal point of this pattern when analyzing it is the position where it develops. It’s usually easy to identify the pattern due to its lack of an upper shadow. When the pattern forms, it indicates that bears have gained control of the market for the entire trading session because the share price didn’t break above the opening share price. The reason this pattern lacks upper shadow is that the share price keeps declining from the moment trading starts. One of its other characteristics is that the price usually closes at or near the lows of the trading session.
  3. Hello Walter, Guerilla trading refers to a trading strategy that requires traders to be quick and efficient in the market, as this type of trading brings quick profits in short trading sessions while keeping the risk low. The sessions in guerilla trading are even shorter than in scalping or day trading. The main idea is to make quick and small profits on each trade. To do this, traders must make moves multiple times in a session in order to capitalize. These profits will then account for any short-term trading risks. Trading durations in guerilla trading are very short, typically just a few minutes, to avoid high risk. Keeping the profit small, between 10-20 pips a trade, helps minimize the risk. In good market circumstances, guerilla traders perform up to 20-25 trades per session.
  4. Ezio Aurelio

    Barratt

    Hi Fernando, There are some recent developments regarding Barratt’s stock. Several Canadian investors including RBC Global Asset Management, RBC Phillips, Hager & North Investment Counsel, RBC Private Counsel and Royal Trust Corporation of Canada have purchased a stake in Barratt Developments stock. Together, these investors now own nearly 3% stake in the homebuilding company. The deal happened after the Coalville-based company said it will pay back the money it got from the authorities which helped around 6,700 employees to keep their jobs during the coronavirus lockdown. Barratt had to put nearly 85% of its staff on the Coronavirus Job Retention Scheme when all of its operations were halted in March.
  5. Ezio Aurelio

    Gold

    Hello Fernando, thanks for joining us here. Gold spot prices climbed above $1,800 per ounce on Tuesday, for the first time since 2011 and remained above that level so far. With the surge in the number of new coronavirus cases in some countries, the stock market isn’t doing any good and many of the investors have turned to gold, as they did numerous times in times of economic turmoil. Inflows for exchange-traded funds that track gold have jumped to 655.6 tons, a better result than the full-year rally in 2009. Investment banking company Goldman Sachs said it expects gold to reach an all-time high during this volatile crisis period. The bank said that there’s nothing to stop gold from rising further, with the interest rates being very low and struggling US dollar.
  6. Hello Mark, A triple bottom is a bullish chart pattern used when conducting technical analysis. The pattern is identified when three equal lows appear after which the price breaks above the resistance level. This pattern usually takes shape after an extended downtrend where sellers control the market. The first bottom typically represents a normal price movement, however, the second bottom indicates that the bulls are gaining control and a reversal could be expected. Ultimately, the third bottom signifies a strong support level and tells us that bears may give in once the price breaks above resistance levels.
  7. Hi John, A pip refers to a unit of measurement used to display the change in value between currency pairs. A pipe, on the other hand, is the last decimal place of a quotation. Majority of currencies are shown in values out to four decimal places, excluding Japanese yen. To give an example, let’s say that EUR/USD climbed from 1.2240 to 1.2241 - that’s a move of 1 pip. Pipettes, however, are actually fractional pips. By using the same example, let’s say that EUR/USD advanced from 1.22403 to 1.22404. That’s one pipette. As you’ve probably noticed, we’ve now moved to five decimal places in order to get the quote for the pipette value.
  8. Hey Carlyn, In theory, a Contract for Difference (CFD) is a derivative priced off the underlying stock, and changes in the share price will affect the leveraged price of the CFD. With CFDs, positions have to be revealed in order for regulators to monitor important holdings. Instances where there’s high interest in a CFD can affect the underlying stock price because it impacts the technical features of the stock, affecting supply and demand as well. For instance, if a stock has 50m shares and there’s a high amount of open CFD interest in additional 10m shares, the market may drive the price of the stock higher as a reaction to high demand.
  9. Hey Mark, The Bullish Abandoned Baby is a reversal candlestick pattern, consisting of three candles. The pattern takes shape at the bottom of a trend. To help you identify the pattern, the first candle can be any long and bearish candle. The second candle should be small and a bearish candle, or a Doji candle. Finally, the last candle can be any long and bullish candle. I should mention that the second candle doesn’t overlap the other two candles, and as a result, a gap forms.
  10. Hey Jeremy, thanks for asking the question. iShares U.S. Home Construction ETF (ITB) tracks several home construction companies as well as several suppliers, providing the sector with significant exposure. ITB follows the Dow Jones U.S. Select Home Construction Index, which tracks the U.S. stocks from this industry. The most important assets of this ETF are home construction companies D. R. Horton, Lennar, and NVR, as well as industry suppliers Home Depot and Lowe’s. SPDR S&P Homebuilders ETF (XHB) follows the S&P Homebuilders Select Industry Index, which tracks the home construction sub-industry part of the S&P Total Markets Index. This ETF utilizes an equal-weighted approach, meaning that large and small companies get nearly the same exposure. XHB’s notable components are wood products manufacturers Trex Company Inc., home improvement products manufacturer Masco Corp. and Lowe's.
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