Ravenpack has launched RPNA 4.0, the latest version of its news analytics product. The new version now includes sentiment indicators and the ability to identify more than 2000 geopolitical, macroeconomic and corporate events as part of a news analytics trading strategy.
Saeed Amen, quantitative strategist at The Thalesians explains how news data analytics can be used to create a filter to alleviate drawdowns in a G10 FX carry trade strategy.
After bouncing off its 42 year trend line at 1.7091, GBP/USD has is set to correct back to 1.582 in Q4 which may provide a good buying opportunity, says Chris Williams at Soc Gen. This should be supported by a significant RSI reading signalling oversold conditions in the cross.
After bouncing off long-term support at 8900 in early August, the DAX is now approaching resistance at 9800 which is a warning sign for caution, say analysts at BNP Paribas. EURUSD remains in a downtrend with a medium-term target of 1.2750.
The S&P500 is above its 200-day moving average so historic prices suggest September seasonals should not impact the index this month, says Ari Wald at Oppenheimer. A continuing trend should see the index target 2080 in the weeks ahead.
Although the short-and medium term outlooks remains neutral for gold, a test of 1260.4 on the monthly chart looks increasingly likely, says Clive Lambert at FuturesTechs. Should this happen, 1179.4 would be the target. On the upside, 1300-1302.4 needs to be broken for further gains.
The formation of a Hanging Man and Doji candlestick pattern on the S&P future last week suggest indecision as the index passes 2000, says Andy Dodd at Louis Capital Markets. However, clearer signals need to emerge before a more bearish outlook can be taken.