Anna Mon Posted February 14, 2017 Author Share Posted February 14, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, the trades proceed with reduction in price as it has been proceeding during the previous trading days since the beginning of last week — on February 6. Among the market participants bearish moods prevail. Therefore, the single European currency loses in price. On the four-hour chart, the quotation left much below than the moving averages with the period of 20 and 55 days. Now the relative marks at 1.0583 and 1.0636 serve as the levels of support and resistance. It is to be recalled that today according to the chart the publication of macroeconomic indicators for both euro and the greenback is necessary. We expect the news on the consumer price index, GDP and Purchasing Managers’ Index of Germany, the Consumer price index and a price index of Switzerland producers, GDP of Italy, and at last GDP of all Eurozone with the Index of industrial production. We expect the similar data to give serious support to the single European currency. The technical structure of the market differs with an obvious bearish spirit. The MACD histogram stays deeply in a negative zone but it doesn’t create an accurate signal as well as the Stochastic oscillator. Thus, we prefer to stay out of this market until the warring parties force clarification. Forex News from New Forex: Technical analysis of GBP/USD On Tuesday, the trades proceed with a moderate bullish spirit of the market participants and advance in price within the current levels of support at 1.2478 and resistance at 1.2585. The quotations appeared in the corner slightly higher than the moving averages with the period of 20 and 55. However, warring parties force hasn’t determined yet. On the four-hour chart the MACD histogram reduced to the central line and it progresses along its own axis without giving any accurate signals. The Stochastic oscillator is close to an overbought zone and it created a sale signal as the %К line is higher than the %D line. However, this signal can be false and premature. It should be noted that today at 12:30 Moscow time (9:30 GMT) the publication of macroeconomic data on Great Britain is planned including the line on index of the producer’s price and on the Consumer price index. So it can give a serious support to sterling, we also expect it in order to make the investment decisions. Forex News from New Forex: Technical analysis of USD/JPY Since the beginning of January, the greenback has been losing its positions against the Japan national currency and it was only last week that the greenback began to increase, having invertedly developed its trend movement. In such a manner, now on the four-hour chart we observe the moving averages with the period of 20 and 55 which increased, intercrossed and tend to be growing now. The price chart appeared in the corner above the moving averages. On Tuesday, the pair is traded within the current levels of support at 113.37 and resistance at 113.86. In the short term, the MACD histogram stays in a positive zone that indicates the collected ascending potential. Today it gives a sale signal for transactions. The Stochastic oscillator decreases and creates a similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of USD/CHF Since the beginning of the current month, we can observe the greenback strengthening against the Swiss national currency. The market is impregnated with bullish mood of its participants and the trades on Tuesday didn’t become an exception. The price grows in a four-hour timeframe. The chart rose to the corner above the moving averages with the period of 20 and 55 days, indicating serious bullish market potential. Meanwhile the quotations remain within the current levels of support at 1.0013 and resistance at 1.0061 but it is necessary to notice that today the release of macroeconomic data on the Consumer price index is expected just like the Price index of producers and import of Switzerland. It can give a good support to franc. However, the technical structure of the market on the four-hour chart is obviously bearish one. The MACD histogram fell below the signal line and it gives a sale signal, the Stochastic oscillator has also created a similar signal as the %К line is lower than the %D line. NewForex Analyst Aaron Kaufmann Fundamental analysis from New Forex: The Asia-Pacific region The Asian stock indexes closed mixed with noticeable fluctuations in Japan and Hong Kong but nevertheless accepting an impulse from global rally after control indicators of the USA grew to new historical maxima. The optimism from the prospects of the American economy growth under the leadership of Donald Trump remains a driving force for investors in relation to shares. The American inflation consumer expectations reached 19-month maxima in January that can be good news for the Federal Reserve System even despite of the unclear economic plans of Trump. On Monday, the regional MSCI index almost didn’t change after reaching the highest level since July, 2015. Meanwhile, the S&P 500 index on Wall Street was closed at unprecedentedly high level and MSCI, the World-benchmark is also traded near its 2015 maxima. Shares in Hong Kong and Shanghai were in a flat, after releasing data on the prices of China producers. Today, the head of the US Federal Reserve System Yellen plans to begin the report to the Congress and it is expected that the action will end tomorrow and during which the central banker will emphasize the most probable scenarios of development of monetary policy this year. The Australian dollar grew against the background of the large corporate income which came to its maxima of nine years while treasury bonds grow since Friday. The American dollar approached its two-week maxima against yen and is traded near the level of 113.72 after Trump refused to comment on Japan monetarist policies within the meeting with the prime minister, Shinzo Abe. For today, all attention of investors is concentrated on economic indications of Yellen and it is expected that already on March 15, U.S. Fed from 30% chance will raise the stakes within the regular meeting of committee on the public markets. Besides, the head of the Japan Bank, Kuroda will also act later today but as it is expected, there will be no comments on Trump’s claim within this report. Fundamental analysis from New Forex: Europe Concerns in the relation of the European Union prospects disintegration are condensed that led to growth of the British pound against common currency today against the background of the thin political skirmish and mutual threats recognizing Germany and also London that not in a smaller measure was promoted by the growing prospects of a victory of the anti globalist and anti-allied candidate at presidential elections in France. The European regulators emphasize a number of powerful concerns which can damage the economy of Great Britain in the medium term having torn off the channels of economic growth connected with a financial intermediation which were traditionally provided from London. At the same time, economists of City and many politicians are sure that competent reforms will steadily influence development of Britain even more in the long term as financial center in the region. The British pound strengthened at the level of 1.1817 against euro which staying in defensive positions against most of main competitors while the Swiss franc got insignificant support because of the weakened interest in risk and the growing attention of investors in the relation of hedging instruments. The European commission emphasizes in the forecast that the economic growth of Britain will be slowed down to 1.5% this year and 1.2% in the following in comparison with two-percent growth in 2016. And perhaps it is necessary to expect that exchange of «pricks» will only increase as the prospects of disintegration of the Union become stronger that can reflect adversely by no means on sovereign economies in the European region. NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Aman Sonewane Posted February 15, 2017 Share Posted February 15, 2017 The outcome of the RBA rate statement earlier this month was widely expected to be unchanged. The rate remained at 1.5%. Price did little in this regard, trying hard to break above 0.77. Hence, we think the bullish momentum will get exhausted soon. We noticed the emergence of an impulse wave on the big hourly charts. Learn more from my technical view based on 14 February AUDUSD Elliott wave forecast: http://atozforex.com/news/14-february-audusd-elliott-wave-forecast-emerging-impulse-wave/ Link to comment Share on other sites More sharing options...
Anna Mon Posted February 16, 2017 Author Share Posted February 16, 2017 Fundamental analysis from New Forex: The Asia-Pacific region Trade reflation pushes shares to the highest historical levels of last weeks worldwide but today regional growth is limited as the Japanese yen jumped up and sovereign bonds of Japan grew for the first time during last five days. Investors began to doubt that regional indexes will continue to punch historical maxima further. World shares extended at more than for $70 trillion after Trump was elected as the U.S. President. At the same time, the official data testimonial of inflation strengthening allow to raise interest rates with complete confidence that not only American but also the economy of emerging markets will sustain the next increases without threat of considerable capital outflow. Yesterday’s data showed revaluation of monetary policy toughening prospects from U.S. Fed to 42% from 30% declared two days ago. The dollar index lighting the American’s rate against the main trade weighed competitors fell to 100.92 while the Australian dollar was one of leaders of today’s growth having strengthened against the majority of principal currencies despite contradictory data from the labor market. Earlier the Japanese yen grew by 0.3% to 113.87 against US dollar having lost 0.9% on Wednesday. The Canadian also keeps strong in relation to competitors having received a boost from prospect favorable and at the same time large-scale commercial transactions with the United States. Fundamental analysis from New Forex: Europe The European stock indexes grow thanks to positive dynamics in the banking sector including France where one of the largest commercial banks and at the same time one of the most scandalous grew almost by 5% having shown the favorable reporting for the last quarter of the last year. And also due to the prospects of deglobalization and sovereign stimulation proceeding from the French pre-election race where the far-right anti globalist, Le Pen increases leading line items. The all-European benchmark Stoxx Europe 600 extended at 14.82 points having added 0.45% while the sovereign stock indexes show unilateral positive results: the British FTSE 100 added 33.65 points (0.47%), German DAX grew at 22:12 points (0.19%) and French CAC 40 was beaten out in leaders with a surplus at 29.04 points (0.59% respectively). European currencies are traded more weakly than Asia-Pacific colleagues due to broad fiscal policy from the European Central Bank in case with euro and also due to the growing interest in risk and the cheapening gold — in a case with Swiss franc. And here the British pound feels confident enters into top three of today’s growth having joined the Australian dollar and yen, specifying the growing gap with single economy of the EU. NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Anna Mon Posted February 21, 2017 Author Share Posted February 21, 2017 Fundamental analysis from New Forex: The Asia-Pacific region The dollar passes the baton to bulls against the background of the Federal Reserve System aggressive policy which strengthened its chances to increase the interest rates in the USA next month. Asian shares grow among which shares of mining companies are leading the pack. Global shares are traded near its record maxima. Nevertheless, these days care and small-bore trade volumes prevail in the markets waiting for plans of new American administration for the future budgeted expenses. South Korean Kospi jumped up at 0.9% to the highest level since 2015 while the Japanese Topix added 0.6% having expanded its rally on Monday. Hang Seng in Hong Kong decreased by 0.4% but Hang Seng China Enterprises grew at 0.1%. Shanghai Composite added 0.4%. The Australian ASX and the Canadian TSX lost 0.07 and 0.16% relatively. The US dollar grew against the majority of principal currencies after the head of the Philadelphia’s Federal Reserve System, Patrick Harker supported the prospects of next month toughening monetary policy. The Australian dollar is in deaf defense with losses in 0.3% against the greenback and the Canadian though feels steadily and trades above most of competitors loses 0.2% against the greenback. On Monday, the yen dropped by 0,4 percent to the level of 113.59 against dollar after decrease at 0,2 percent. Fundamental analysis from New Forex: Europe The United Kingdom of Great Britain and House of Lords of Northern Ireland discuss the bill which will allow the prime minister Theresa May to begin an exit procedure from the European Union. At the same time some members aim to make changes which deputies from opposition in the lower house of communities couldn’t make. Marine Le Pen strengthened line items against rivals in France having secured with support of socialists and left having pushed away profitability of the German bonds to the maxima of 2012. On Monday, the European benchmark index Stoxx 600 was closed with a surplus in 0.2%. Among large corporate sags we will note the shares of the Unilever company which weakened at 5.1% after a final gap of the offer for 143 billion dollars on Kraft Heinz company takeover. Profitability of 10-year eurobonds grew to 2.44%. On Monday, the British FTSE was in the lead of regional growth. Euro lost 0.3% against US dollar and is traded at the level of 1.0585. The British pound is in a deaf defense with losses in 0.35% against the greenback at the level of 1.2428. The Swiss franc strengthened against the European colleagues but is traded more weakly than an Asia-Pacific currencies with losses in 0.28% against US dollar. Gold dropped at 0.4% to 1.2337 for ounce. Metal alternates profit and losses for the last four sessions. NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Anna Mon Posted February 27, 2017 Author Share Posted February 27, 2017 Fundamental analysis from New Forex: The Asia-Pacific region This week the Asian stock indexes weakened while the yen and gold have stabilized in a side trend after the three-day growth as investors show care before the performances of Donald Trump and head of the USA Federal Reserve System, Janet Yellen. Insurers and banks started to decrease in Tokyo after profitability of treasury bonds fell having come off its July maxima. Last week the iron ore is adjusted to growth benefit after notable sag. The regional benchmark index MSCI weakened at 0.3% after the last week 0.5% growth. Topix in Japan lost 0.9% having slowed down on exporters and banks. Meanwhile, Hang Seng in Hong Kong grew by 0.1% and trades slightly below 24000 and the Shanghai Composite index lost 0.3%. The economy of China in general remained steady during lunar New year but there is an uncertainty connected with prospects which open after the February reporting under fixed assets. The ASX index in Australia decreased by 0.3%, and the New Zealand NZX grew by 0.3%. Futures of S&P 500 added 0.2%. The greenback recovered its early losses and strengthened against yuan and Mexican peso in relation of other currencies and main competitors which are traded poorly. The Australian dollar got the upper hand after today’s growth having added 0.25% against the greenback. Today the Canadian dollar is traded above the most of its main competitors. On the agenda there are future performances of Trump and Yellen which can provoke rally to US dollar. http://f5.s.qip.ru/17zmt2AMu.png[/img] Fundamental analysis from New Forex: Europe The European funds are recovering from the losses received last week, but correction insignificant. Banks and the financial organizations continue to suffer from political uncertainty worldwide while in France the primary goods faced low Chinese demand that undermined interest in the European raw and industrial markets. Earlier on Friday, the regional benchmark Stoxx 600 weakened at 1.1%. In the goods markets futures for WTI crude oil grew up by 0.4% to $54.21 for barrel after losing 0.8% on Friday. Iron ore was corrected at 4% up. The banking sector still expects turning the levels. At the same time the European currency goes a side trend against the greenback at the level of 1.0565 having become stronger against yen and the Canadian dollar. The British pound weakened at 0.3% after the London Times reported that the prime minister of the United Kingdom of Great Britain and Northern Ireland,Theresa May is going to organize a referendum on Scotland independence in March. The Swiss franc became stronger against the number of main competitors. It is considerably limited in growth by fall of gold at 0.1% to $1.2566 per ounce. http://f5.s.qip.ru/17zmt2AMv.png[/img] NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Anna Mon Posted March 1, 2017 Author Share Posted March 1, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, this currency pair is traded with a slight increase of the price remaining within the closest levels of support at 1.0569 and resistance at 1.0652. Throughout the duration of several last days the trades were without any obviously expressed trend movement to any party. Today’s trading session didn’t become an exception. The technical structure of the market remains neutral with a small prerequisites to the ascending tendency. Today, the MACD histogram appeared in the positive area having risen slightly higher than the central line and creating a buy signal to the single European currency against the greenback. The Stochastic oscillator is located in the central area and decreases giving a sale signal as the %К line is lower than the %D line. In such a manner we can observe that the situation in this market remains uncertain that forces us to wait adopting an investment decisions. Forex News from New Forex: Technical analysis of GBP/USD At the trades on Tuesday the pair remains in lateral price motion with a small benefit of the market bearishly-adjusted participants. The chart of quotations remains below moving averages with the period of 20 and 55. As for today, the closest levels of support and resistance are relatively determined around marks at 1.2365 and 1.2462. On the four-hour chart the MACD histogram went to the corner below the central line creating a sale signal to the British pound against the greenback. The Stochastic oscillator is in the central area and decreases creating a sale signal to sterling as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of USD/JPY On Tuesday, the trades on this currency pair proceed with a certain bearish initiative. The market tests support around the mark of 112.33 with a resistance in 113.27. In the short term, the chart of quotations remains below moving averages with the period of 20 and 55 days that confirms the bearish potential of the market. The technical structure is also a descending one. The MACD histogram is located in a negative zone, but is a little reduced and for today this indicator creates a buy signal to the greenback against the Japanese national currency. The Stochastic oscillator is located in the central corner and decreases creating a sale signal as the %К line is lower than the %D line and crosses it top down. Forex News from New Forex: Technical analysis of USD/CHF This day, the currency rate is clamped between the moving averages with the period of 20 and 55 days. At the trades on Tuesday, the market tests support within 1.0068 mark while the resistance is at the mark of 1.0121. The technical structure of this market remains neutral one. On the four-hour chart the MACD histogram develops along the axial line and doesn’t give an accurate signals that indicates the uncertainty of warring parties. The Stochastic oscillator is located in the central area and also doesn’t create an accurate signals. Thus, we prefer to stay out of the market until the force of warring parties with the prospect of currency rate evolution isn’t revealed. NewForex Analyst Aaron Kaufmann Fundamental analysis from New Forex: The Asia-Pacific region Asian funds grow but they are noticeably limited as the Tokyo shares weakened and the currency became stronger waiting for Trump’s performance before the Congress. Oil trades above $54 for barrel during the last day of trade month. The head of the Federal Reserve System Dallas Kaplan declared that officials should pay attention to interest rates «rather earlier, than later» and not to pay attention to market expectations in order not to take away the economic growth in a discrepancy from curve inflation. Futures on federal funds show 50-% probability of increase in rates at the meeting on March 14-15. MSCI benchmark index in the region lost 0.1% having released the early bullish initiative taken at the beginning of the Asian session. The index grew by 2.2% for February and added about 10% since the beginning of year. Topix in Japan grew at 0.1% after losing 1% on Monday. ASX in Australia decreased by 0.2%. South Korean Kospi grew at 0.3%. Hang Seng lost 0.5% while Shanghai Composite added 0.1%. HS China Enterprises showed that funds of the People’s Republic of China sank at 0.3% today but secured with a monthly surplus in 5.1%. Futures for WTI crude oil grew at 0.3% to $54.20 for barrel and are traded near its maxima during 2,5 years. The greenback is traded at the level of 112.62 against yen easing at 0.1% but nevertheless recovered from the level of 111.920 — its two-week minima which was reached yesterday. The Australian dollar grew at 0.2% to 76.87 cents against the greenback as in anticipation of the report on GDP which will be published later on Wednesday. FRS representatives will appear before the public this week including the chairman Yellen who is going to act in Chicago on Friday. The Bank of Japan intends to enter system of the accurate reporting under purchase transactions of bonds having announced an exact dates of monthly purchases and their amounts. Fundamental analysis from New Forex: Europe Funds in Europe continue to grow with leading miners because of activation of industrial activity in China as it is one of the largest importers of the European raw materials, and also because of the growing banks accepting the prospects of rates in the USA growth. New conditions of global financial regulation which initiative is actively advanced today by Trump and the U.S. Department of the Treasury was led by Steven Mnuchin. The all-European benchmark Stoxx 600 extended at 0.4%. Regional indexes grew with a small surpluses on the majority of fixed assets among which there are financial organizations and raw markets were beaten out to leading line items. The London FTSE added 0.1% while the Frankfurt DAX added 0.16%. In France CAC 40 was late in flat and here Italian MIB surprised everybody by growing at 1.7%. The European currency stabilized against the greenback at the level of 1.0586 with a surplus in 0.1% while the pound was in deaf defense and the Swiss franc tested a considerable surplus having gained nearly 0.25% against US dollar because of increase of gold and at the same time the lowered investment appetites to risk which directed global trade towards hedge transactions. Gold grew at 0.1% to $1,254.17 for ounce after fall at 0,4 percent during the previous session. NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Anna Mon Posted March 2, 2017 Author Share Posted March 2, 2017 Fundamental analysis from New Forex: The Asia-Pacific region Global growth dragged on Asia. This way bulls gain momentum during the Tokyo session. Shares in Tokyo jumped up to the highest level since December, 2015 while the Australian funds closed at its three-months maxima after Wall Street indexes punched the fresh record maxima confirming strengthening of investment appetites worldwide. The dollar continued to grow after the Federal Reserve System official Breynard supported the initiative towards rates increase in the nearest future. Treasury bonds were stabilized after three-day rescission and gold in the spot markets weakened in the price. The Japanese Topix extended at 0.8% to the highest level since December 18, 2015 having expanded an early surplus of the environment to 1.4%. The ASX index in Australia grew by 1.3% to its November maxima while the New Zealand NZX added 0.4%. Hang Seng tested a surplus in 0.4% having punched the level 24000 while the Chinese shares traded in Hong Kong (China Enterprises) grew at 0.5%. In Seoul, Kospi grew by 0.6% and Wall Street futures S&P 500 lost 0.1% after 1.4% growth on Wednesday. At the same time Dow punched the level 21000. The yen decreased at 0.3% to 114.04 for dollar after losing 0.9% on Wednesday and 1.7% during this week. The dollar’s index added 0.2% having expanded the five-day growth to the longest victorious series since May, 2016. The Australian dollar lost 0.3% today and is traded in deaf defense against its main competitors. Earlier on Wednesday the 10-year treasury bonds profitability in the USA was stabilized at the level of 2.46% after ascension on 6 basis points. Last month data showed that the production in the USA extended mostly in high gear during the last three years. The medium terms for the American currency remain bullish. Fundamental analysis from New Forex: Europe The European funds punched its 15-month maxima with the bank and construction funds assistance after investors rethought Trump’s line item and his careful rhetoric within the performance before the Congress. Prospects of an infrastructure lobby remain urgent that also concerns tax and budget plans of the U.S. President. The all-European benchmark Stoxx Europe 600 added 1.6% and is traded near its two-annual maxima. However, industrial activity in the region extended to the rates of six-year maxima without affecting trade euro exchange rate per today. The German DAX punched 22-month maxima and CAC in France is traded at the level of its 15-month-old maxima. The European currency is traded weaker than their main competitors against the background of the European Central Bank emotional neglect to questions of financial regulation urgent problems in the public markets in spite of the fact that even such a champion in currency manipulations as China already headed the financial threats weakening due to productive forces regulation. The British pound increased from its general positive production data and the Swiss franc is traded in defense because of low appetites to hedging and the weakening gold. Gold in the spot markets lost 0.3% and is traded at the level of 1.2464 per ounce. Oil also lost 0.6% to $53.52 for barrel because of doubts in feasibility of OPEC efforts to affect a global excess production NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Anna Mon Posted March 4, 2017 Author Share Posted March 4, 2017 Fundamental analysis from New Forex: The Asia-Pacific region The Asian markets which are departed from Thursday’s rally while shares in the USA are traded poorly and the head of the Federal Reserve System, Yellen is going to weigh the prospects of interest rates increase. The greenback is in a flat having interrupted the longest victorious series since May, 2016. The stock market in Japan weakened after three days of growth even in spite of the fact that consumer prices indicators grew for the first time since December, 2015 and weakened prices of metals buy putting pressure upon the Australian shares while South Korea funds fell on reports that China will constrain tourism within the country. The yen became stronger after a four-day series of defeats against the background of confidence growth in FRS to raise rates this month. This year, on the region-wise the Benchmark-MSCI lost 0.9% having shown the broadest easing. The Japanese Topix lost 0.6% after it was closed at the highest level since December, 2015 on Thursday. The ASX index in Sydney lost 0.8% after its biggest splash since November during the previous session. Kospi decreased at 1.2% to November’s minimum. The Hang Seng index was reduced by 0.6% and the assessment of Chinese shares in Hong Kong showed its decrease at 0.8%. The futures for the S&P 500 index dropped at 0.3%. The yen grew up at 0.2% to 114.21 against the greenback. This week, the currency still loses 1.8% demonstrating the largest recession during this year. The dollar almost didn’t change by closing the five-day rally this week. The Australian dollar is traded in the negative territory with decrease against all main competitors. As for today, the Chinese national political advisory conference including more than 2000 political elite, heads of business and other large lobbyists opens an annual session in Beijing. Also later for today, Yellen will comment the state of the economy and interest rates. Fundamental analysis from New Forex: Europe The European stock indexes weakened on Thursday against the background of the developed bank shares and fixed assets which were growing persistently during the previous session. However, some large corporate profits in the energy sector partially compensated sags in financial and consumer sectors. What impresses me the same time is that the season of high yield European funds moves in its last stage now. The all-European benchmark index Stoxx Europe 600 was closed in a flat from 75% of the companies which reported that the profit per share grew up by 12,1% in annual basis to the maxima of the 4th quarter 2013. Subsea 7 — the large company of petroservices added 5.5% against the background of the super positive reporting for the 4th quarter and the prospects of special dividends payments. Engie — the French oil and gas company added 8.2% having shown the best surplus since the end 2008 after the income of the company for 2016 came according to expectations of analysts. The European currency got stronger against the background of the European Central Bank attempts to review the prospects of financial activity in the public markets and works with short-term interest rates pressure upon which expanded spread between the German and American bonds to the 2008 maxima. The British pound took a position of today’s fall leaders while interest in Swiss franc renewed against the background of the growing appetites towards financial risks hedging. NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Anna Mon Posted March 9, 2017 Author Share Posted March 9, 2017 Fundamental analysis from New Forex: The Asia-Pacific region Shares in the USA are weakening already for the third day and the dollar grows against the background of the expanding prospects of increase in interest rates next week. Shares of the energy companies fell and health weakened after Donald Trump promised to reduce medicines prices in the USA. Profitability of 10-year treasury bonds grew to 2.51% and copper fell to the monthly minima. The prospects of global economy growth remain rather strong to resist the growing costs for borrowings. S&P 500 lost 0.3% and fell to the level of 2.3682 having shown the first two-day recession since January. Shares of the health companies dropped at 0.5% after Trump declared that he works on the new system competition in pharmaceutical industry. At the same time Asian shares grow among which papers of continental China and Hong Kong are in the lead. The MSCI index added 0.25%. The US dollar grew a little: the dollar index almost didn’t change but the greenback added 0.1% against euro and is traded at the level of 1.0570. The Australian dollar also got stronger against most of competitors and slightly grew against US dollar. The Canadian dollar was beaten out in leaders of today’s growth yielding only to the Japanese yen. The data on work positions in the USA will appear on Friday. According to the average forecasts employers added about 190 000 workplaces reflecting signs of a strong growth of employment population. Fundamental analysis from New Forex: Europe The stock markets in Europe weakened earlier on Tuesday after Trump undermined the pharmaceutical companies prospects growth. Some companies reported weak quarter data for 2016 by aggravating a situation even more. In general, data from Germany also supported the descending trend having reported on fall of industrial orders for 7.4% in January that demonstrates the largest monthly fall for the last eight years because of decrease as internal demand and in the eurozone. The all-European benchmark index of Stoxx Europe 600 dropped by 0.3% already for the fourth time in a row. However, the index is still traded near 15-month maxima because of the surplus profit which was received last week. The index of health sector served as the strongest burden for Stoxx Europe having dropped by 1%. Euro dropped by 0.05% against the greenback and trades below all other main competitors. The British pound lost 0.3% against US dollar and is traded at the level of 1.2206 near seven-week minima. Swiss franc is in deaf defense because of steady global appetites to risk. On the goods market WTI crude oil lost 16 cents to $53.14 for barrel. The Oil Minister of Saudi Arabia Khalid al-Falih told, however, that OPEC and partners achieve enough good results in ensuring promised reductions. Copper falls already for the fourth day and today it became known that inventories in warehouses to the London metal exchange jumped at for 33% in 2 days having shown the greatest surplus since 2004. Gold in three last months lost 0.7% and is traded at $1217.30 per ounce losing 0.8% during previous session. NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Anna Mon Posted March 13, 2017 Author Share Posted March 13, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Monday March 13, the currency pair is traded with a substantial increase of the price within the closest levels of support at 1.0545 and resistance at 1.0667. In the market remains a good bullish potential with attempts for successful testing of the current level resistance. Moving averages with the period of 20 and 55 days increased and today grows steadily. On the four-hour chart, the MACD histogram was fixed above the central line and giving a buy signal to single European currency against the greenback. The Stochastic oscillator left an overbought zone and giving a sale signal. In such a manner, for today we prefer to stay out of the market before more approved signals of technical analysis indicators. Forex News from New Forex: Technical analysis of GBP/USD On Monday, the currency pair continues to be traded in a bearish trend developed since the beginning of a current month. The price remains within the closest levels of support at 1.2156 and resistance at 1.2236. The market has serious bearish potential as it shown on the MACD histogram which was fixed below the central line on the four-hour schedule. The Stochastic oscillator remains in an average zone and began to form a sale signal to the British pound against the greenback. Moving averages with the period of 20 and 55 also continue to decrease in a descending trend framework since the current month beginning. NewForex Analyst Sara Rosenstein Fundamental analysis from New Forex: The Asia-Pacific region This week, asian shares grew and the dollar weakened in the relation to the most colleagues because of the positive report on employment in the US who supported the line items of stock investors before the decisions of Japan Bank and U.S. Fed approaching. The oil is in the six-day descending trend. This month, the Tokyo shares expanded at the most long rally while shares of the South Korean companies grew to the highest levels since May, 2015. The shares of the Chinese companies which are traded in Hong Kong are jumped up. Global shares are traded near its record levels while signs of a strong growth in the US and Europe reached parity with economy of China showing improvement signs. The MSCI index in the region extended at 0.6%. Topix in Japan added 0.2% after purchased 1.2% on Friday having reached two-year maxima. The index of the Chinese entities HS China Enterprises added 1.5%. Kospi in South Korea added 1.1% headed by a 1.9% surplus in Samsung Electronics Co. Korea expanded with a profit of last week rising against the background of the last stages of discharge of the president Park Geun-hye dispelling political uncertainty implementation in the country. The Australian ASX index lost 0.4% and the New Zealand NZX added 0.2%. The South Korean increased at 1%. The Australian dollar grew by 0.3% after adding 0.5% on Friday. The dollar’s index dropped slightly less than by 0.1% after decreasing by 0.6% on Friday. The yen slightly increased having reached 114.75 against USD. Fundamental analysis from New Forex: Europe Last week, the stock markets in Europe closed with a surplus with the help of strong data from the US labor market having raised the prospects of medium-term inflation acceleration in the eurozone. The Stoxx Europe 600 index closed with a surplus in 0.9% while German DAX weakened at 0.12% and French CAC 40 grew at 0.24% having approached the strong level of support in 5.0000. In spite of the fact that the European Central Bank declared the weakening prospects of deflation the common currency continues to grow against the most of competitors. Euro is traded at the level of 1.0708 against the greenback having punched a 1-month maximum at 1.0700 earlier on Friday. Inflation recovery agrees the European Central Bank statement at the stage of economy improvement goes to the labor market. CHF grows against the most of the main colleagues despite the lack of local releases, following the macroeconomic environment limiting interest in Pacific Rim currencies. The pound sterling also got the upper hand. The Australian equity market went down at trade’s close; S&P/ASX 200 decreased by 0.32% On Monday, the Australian stocks decreased after the close as losses in Energy, Healthcare and A-REITs sectors lessened the shares. In Australia, basically at the close, 0.32% was declined by the S&P/ASX 200. During the session on the S&P/ASX 200, the best performers were St Barbara Ltd (AX:SBM), which grew 8.33% or 0.190 points to trade at 2.470 conclusively. Meantime, Evolution Mining Ltd (AX:EVN) gained 6.81% or 0.130 points to end at 2.040 and Resolute Mining Ltd (AX:RSG) got up 6.75% or 0.085 points to 1.345 at the close of the trade. The bottom of the heap during the session were BWP Trust (AX:BWP), which fell 3.18% or 0.090 points to trade at 2.740 conclusively. Sims Metal Management Ltd (AX:SGM) decreased at 2.95% or 0.370 points to end at 12.190 and South32 Ltd (AX:S32) decreased at 2.82% or 0.075 points to 2.585. Descending stocks outnumbered advancing ones during the Australian Stock Exchange by 576 to 480 and 316 ended without any changes. BWP Trust (AX:BWP) shares fell to 52-week lows falling 3.18% or 0.090 to the level of 2.740. The volatility index S&P/ASX 200 VIX, increased at 10.01% to 9.708. For April, the gold futures were up to 0.50% or 5.95 to $1207.35 per a troy ounce while crude oil decreased in 0.78% to reach $48.11 per barrel, while the May Brent oil contract decreased at 0.62% or 0.32 to trade at $51.05 per a barrel. AUD/USD increased to 0.37% to 0.7570, while AUD/JPY increased in 0.35% to 86.80. The greenback Index Futures decreased at 0.40% to 100.97. The US stock market closed with growth, Dow Jones added 0,21% The US stock market finished the Friday’s trades with growth due to the strengthening of utilities sectors, telecommunications and the industry. At the time of close the New York Stock Exchange of Dow Jones grew by 0,21%, the S&P 500 index rose at 0,33%, the NASDAQ Composite index rose in price at 0,39%. In leaders of growth among components of the Dow Jones index following the results of today’s trading there were shares General Electric Company (NYSE:GE) which rose in price at 0,62 items (2,09%) having closed at the mark of 30,28. UnitedHealth Group Incorporated (NYSE:UNH) quotations grew at 1,97 items (1,17%) having finished the trades at the level of 169,98. Caterpillar Inc (NYSE:CAT) papers grew in price at 0,92 items (1,01%) having closed with a mark in 92,31. The leaders of fall were Boeing Co (NYSE:BA) shares which price fell to 1,87 items (1,04%) having closed its session with a mark in 178,70. The shares Goldman Sachs Group Inc (NYSE:GS) increased at 1,80 items (0,72%) having closed at the level of 248,38, and Merck & Company Inc (NYSE:MRK) decreased in the price to 0,29 items (0,44%) and finished the trades on the mark of 65,60. In leaders of growth among components of the S&P 500 index following the results of today’s trading were Ulta Beauty Inc (NASDAQ:ULTA) shares which rose in price for 4,62% to the mark 286,42 Estee Lauder Companies Inc (NYSE:EL) which gained 3,50%, having closed at the level of 85,78, and also shares of Endo International PLC (NASDAQ:ENDP) which increased at 2,75% having finished a session at the mark 10,82. During the New York Stock Exchange the number of the risen in price papers (2103) exceeded quantity closed in minus (1110) and quotations of 44 shares almost didn’t change. At the NASDAQ stock exchange the papers of 1376 companies rose in price, 1117 decreased and 127 remained at the level of the previous close. NewForex Analyst Michael Butnitsky Link to comment Share on other sites More sharing options...
Anna Mon Posted March 14, 2017 Author Share Posted March 14, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, the trades develop with the same ascending potential as during the last trading session with a small price correction during the trades in Asia so today the market remains within updated levels of support at 1.0621 and resistance at 1.0684. On the four-hour chart the MACD histogram indicates the remaining ascending potential of the market despite the created sale signal to single European currency. Moving averages continue to grow steadily while the Stochastic oscillator creates a strong signal for an entrance to the market with a long position as the line %К crosses the %D line top down at the exit from an oversold zone that can foretell good bullish movement in the nearest future. Forex News from New Forex: Technical analysis of GBP/USD The descending movement is observed since the beginning of a current month, starting to slow down. It indicates the beginning of warring parties forces redistribution. Bearish potential of the market was considerably reduced during the trading session on Monday. In such a manner, today everything will depend on investors and speculators behavior. On the four-hour chart, there are observed contradictory indications of the technical analysis indicators. The MACD histogram was reduced to the central line and now it is already appeared in a positive zone whereas the Stochastic oscillator gives a signal to sterling’s sale against the greenback. In such situation we prefer to wait, staying out of the market. NewForex Analyst Sara Rosenstein Fundamental analysis from New Forex: The Asia-Pacific region Asian shares were traded in different directions and US treasury bonds were traded near its highest level this year as investors expect almost obvious growth of US Federal allowance rates this week. The stock market in Japan weakened for the first time in 4 days. The Chinese shares grow because of strong economic data. Data from China showed that industrial production in January and February grew by 6.3% and retail sales at 9.5% in relation to the last year’s levels. Today, the MSCI index on transregional shares almost didn’t change. Topix in Japan decreased by 0.1% after it was closed with the maximum of December, 2015 on Monday. Kospi in South Korea added 0.7%, having expanded the 1% growth of Monday. The Chinese shares which are traded in Hong Kong increased 0.5% after growth by 1.9% a day earlier. The Taiwan Taiex grew by 0.5%. The Jakarta Composite index increased 0.7%, to the highest levels since November. Futures for the S&P 500 index weakened at 0.1% after the control index was closed on Monday almost without any changes. The yen weakened a little having reached the level of 114.85 against dollar having lost after fluctuations between profit and losses slightly less than 0.1%. The index of US dollar increased 0.1%. The Canadian dollar grew against the greenback to 1.3439 having come off the level of yesterday’s closing 1.3445 for 0.04%. Ten-year schools of the USA decreased at 2.61% and there is an opinion that breakdown of 2.60% level can initiate a strong bullish trend to the American bonds this week. Fundamental analysis from New Forex: Europe The European stock markets were closed with a surplus on Monday while oil prices continued to fall. Investors watch the course of elections in the Netherlands and preliminary polls show that extremely right candidate Geert Wilders feels the ground slipping away from under the feet and will hardly become the following Dutch prime minister. The Stoxx Europe 600 index increased 0.38% to 374.64. DAX in Germany adding 0.22% to 11.9900, and CAC 40 in France strengthened at 4.9996 with a surplus in 0.13%. Shares in London also finished its session with a modest surplus because of increase in prices for metals. FTSE 100 increased 0.33% to the level of 7367.08. In the foreign exchange markets euro weakened to level 1.0662 in relation to the greenback having lost 0.16%. The pound sterling weakened against all main competitors and now it is traded with 0.3% decrease against US dollar after the parliament approved an initiative of negotiations between the prime minister Theresa May and officials of the EU concerning the procedure of an exit from the Union. The Swiss franc became stronger against the European colleagues but trades below principal currencies of an Asia-Pacific region. The Wall Street was closed almost without any changes expecting FRS meeting US shares finished the Monday’s trades practically without any changes as traders showed care expecting the FRS meeting following the results of which the regulator, as expected, will raise the interest rates. Mobileye papers jumped up almost at 30 percent to a maximum in $61,51 after the producer of Intel (NASDAQ:INTC) chips agreed to make a purchase for the development of pilotless driving technologies for $15,3 billion. The shares Mobileye finished the trades with the growth at 28,2 percent while Intel papers fell in price by 2,1 percent. Recently, in the investors focus there is a two-day meeting of FRS which will begin later on Tuesday. The traders observe 94 percent probability of increase in interest rates on 25 basis points; results of a meeting will become known only on Wednesday. The shares of a graphical accelerators and processors developer Nvidia grew by 2.8 percent while the papers of auto components producer Delphi Automotive (NYSE:DLPH) added 4 percent. Both companies are engaged in development of technologies for the auto industry. The Dow Jones index finished the trades with decrease by 0.1 percent to the level of 20.881,48 points, the S&P 500 index added 0,04 percent to 2.373,47 points, the Nasdaq Composite index grew up at 0,24 percent to 5.875,78 points. Papers of Valeant Pharmaceuticals decreased by 9.3 percent after closing of an official session as the investor William Ackman who had been supporting pharmaceutical company for two years, reported on Monday that its hedge-fund sold all shares of the firm. The GB stock market was closed with a fall, having decreased by 0,66% The stock market of Great Britain finished the Monday’s trades with fall against the background of negative dynamics from operators of a fixed telephony sectors, metal industry, production, construction and building materials. At the time of closing the London stock exchange, the stock market decreased by 0,66%. In the leaders of growth, following the results of today’s trading were the shares Fresnillo PLC (LON:FRES) which increased 76,00 items (5,59%) in price having closed on at the mark in 1.436,00. Quotations of Antofagasta PLC (LON:ANTO) rose 36,50 items (4,88%) having finished the trades at the level of 784,50. The shares of Capita PLC (LON:CPI) increased 23,50 items (4,32%) in price having closed at the mark of 568,00. The leaders of fall were the following shares: BT Group PLC (LON:BT) which price decreased by 10,85 items (3,17%) having finished it session at the mark of 331,60. Standard Life PLC (LON:SL) shares increased 8,50 items (2,24%) having closed with the level of 371,50 while BP PLC (LON:BP) decreased by 7,20 items (1,53%) in the price finishing the trades on the mark at 463,50. During the London stock exchange, the number of the risen in shares (1047) exceeded the quantity which was closed in minus (873) and quotations of 475 shares which practically didn’t change. The future for gold with delivery in April added 0,15% or 1,85, having reached a point in $1.203,25 per troy ounce. As for other goods, the prices of WTI future crude oil with delivery in April slumped 0,19%, or 0,09, to $48,40 per barrel. Brent’s futures for oil with delivery in May rose 0,06% in price or 0,03, to the mark $51,40 per barrel. Meanwhile, in the Forex the pair GBP/USD increased 0,48% to 1,2229 and quotations of EUR/GBP decreased by 0,72% having reached the point 0,8718. The future for the USD index decreased by 0,20% to 101,18. NewForex Analyst Michael Butnitsky Link to comment Share on other sites More sharing options...
Anna Mon Posted March 26, 2017 Author Share Posted March 26, 2017 Fundamental analysis from New Forex: Europe The European markets have grown on Thursday as the general fears about economic plans of the U.S. President Trump have drawn the investor’s attention to rather more favorable prices which were offered on the continent. The eurozone banks came to a final long-term auction for operations of refinancing in the first quarter after calling $62.2 billion last quarter and now, as expected will attract more than in average forecasts for $110 billion. Stoxx Europe 600 added 0.9%. The Futures for US indexes grow as republicans prepare for vote concerning health care. The Australian ASX is in the lead in the region growth with the gain in 0.8%. The Topix index has also grown by 0.8% having reduced it losses to 1.5% this week. South Korean Kospi has lost 0.2% and Hang Seng in China has weakened at 0.1% whereas the Chinese actions in Hong Kong have lost 0.2%. The futures for S&P 500 have risen by 0.2% though, earlier on Thursday the index has decreased by 0.1%. The index of MSCI emerging markets and has dropped by 0.1% but for the last 11 days as the indicator has closed nine of them in profit. The British pound has dropped by 0.2% against US dollar while the European currency has decreased by 0.17% against the greenback and is trading near levels of the February first week on 1.0764 for the greenback. The leaders of the of the European Union countries will meet on Saturday in honor of 60th anniversary signing of the Roman contract which has founded the block to discuss further steps after the Brexit. Meanwhile, the representatives of five member states of OPEC and also the countries which aren’t entering into OPEC are going to hold a meeting on Joint supervisory committee at the level of ministers with the purpose to establish supervision over reductions of oil production environment. Fundamental analysis from New Forex: The Asia-Pacific region The careful US trading volumes has extended also to Asia but the yen has also weakened that has led to the growth of regional actions. The Topix index in Japan has restored some losses received this week at the expense of the first for the last nine days weakening the Japanese yen trade exchange rate. Oil begins to decline during the whole week as gold has managed to correct the profit per today. The markets advance themselves by default accepting the prospects of the project adoption about health care in the US. The small trading volumes reflect the waiting strategy of investors that can be regarded surely as a delay before the large-scale purchases in the Asian markets. The widest index on stocks in the MSCI region has grown by 0.2% but still bargains near week maxima. ASX in Sydney was closed with the gain of 0.9% after several days of losses. The Japanese Nikkei has also added 0.9% per today that was promoted by small decrease in the trade course JPY. USD has grown by 0.4% against JPY to the level 111.35 having departed from a four-months minimum in 110.62 reaching it earlier. Against the basket of the main competitors, the USD index has grown by 0.15% to 99.911 losing 1.3% for the last two weeks. The USD will probably move within the bullish trend as global investors soberly realize the fact that the US can still create political deadlocks even unilaterally. The stock market of Great Britain closed with growth On Thursday, the stock market of Great Britain has finished the auction with growth due to the strengthening of oil and gas equipment sectors of the oil, the electronic and electric equipment and also the retail trade enterprises. In leaders of growth among components following the results of today’s trading there were stocks of Next PLC which have risen in price for 314,00 items (8,08%) having closed on a mark in 4.199,00. The quotations of Dixons Carphone PLC have grown by 12,30 items (4,07%) having finished the auction at the level of 314,80. Papers of Marks and Spencer Group PLC have grown in price of 12,40 items (3,82%) having closed at the mark of 337,30. Leaders of falling were the stocks Randgold Resources Ltd which price has fallen to 200,00 items (2,74%) having finished a session at the mark 7.095,00. Stocks of Glencore PLC have risen by 7,90 items (2,40%) having closed at the level of 321,65 and Hikma Pharmaceuticals PLC have decreased in the price at 46,00 items (2,22%) finishing the auction at the mark 2.026,00. On the London stock exchange, the number of the risen in price papers (1213) exceeding quantity closing in minus (758) while quotations of 450 actions practically didn’t change. The future for gold delivery in April has lost 0,30% or 3,75 reaching the at point $1.245,95 per troy ounce. As for other goods, the prices of crude oil WTI futures with delivery in May and fell by 0,58% or 0,28 to $47,76 per barrel. Futures for the Brent oil with delivery in May have fallen in price by 0.18%, or 0.09, to a mark of $50,55 for barrel. Meanwhile, in the market Forex the steam of GBP/USD has grown by 0,32% to 1,2525 while quotations of the pair EUR/GBP have dropped by 0,45% reaching the point 0,8609. The future for the USD index has grown from 0.07% to 99,55. The Great Britain stock market was closed with growth,adding 0,24%. Dow Jones decreased by 0.02% while the US stock market of closed with falling The US stock market has finished the Thursday auction of falling against the background of negative dynamics from health care sectors, technologies and also oil and gas. At the time of Dow Jones, the New York Stock Exchange has fallen in price by 0,02%, the S&P 500 index has fallen in price by 0,11% and the NASDAQ Composite index has fallen by 0,07%. Following the results of today’s trading, in the leaders of growth among Dow Jones index components were the stocks of Nike Inc which have rose in price by 1,45 items (2,69%) having closed the mark in 55,37. Quotations of E I du Pont de Nemours & Co have grown by 1,38 items (1,74%) finishing the auction at the level of 80,56. The papers of Home Depot Inc have grown in price at 0,63 items (0,43%) closing at the mark 147,99. The leaders of fall were the stocks of UnitedHealth Group Incorporated which price has fallen to 1,74 items (1,04%) having finished its session at the mark 165,29. The stocks of the Travelers Companies Inc rose by 0.74 items (0,61%), having closed at the level of 121,29 while Wal-Mart Stores Inc have decreased in price at 0,39 items (0,56%) and finishing the auction on a mark 69,86.NewForex Analyst Michael Butnitsky Link to comment Share on other sites More sharing options...
Anna Mon Posted March 27, 2017 Author Share Posted March 27, 2017 Forex News from New Forex: Technical analysis of EUR/USD Monday is one more trading day when the single European currency continues to strengthen against the greenback. After the start of trading session in Europe, the pair trades within the closest levels of support at 1.0797 and resistance at 1.0904. This day is uneventful concerning macroeconomic statistics, thus, intra day dynamics of thу market is to be defined by its technical structure. The moving averages with the period of 20 and 55, on the four-hour chart, continue to grow. The MACD histogram fixed solidly in the positive zone and for today it grows, having risen above the signal line and giving a buy signal. The Stochastic oscillator grows too. Moreover it left an overbought zone creating the similar signal as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Monday, the currency pair follows different directions with a small advantage of buyers that forces the British pound to strengthen against the greenback. The current rate is located above moving averages with the period of 20 and 55 days indicating the market’s intention to continue the ascending tendency with the level of support at 1.2479 and the level of resistance at 1.2596. For today, the calendar is not full of statistics on significant macroeconomic indicators, thus the dynamics of an exchange rate is to be defined generally by the technical analysis indicators. On the four-hour chart we see that the MACD histogram is in a positive zone and grows a little without forming any accurate signals for investment actions. The Stochastic oscillator grows steadily, reaching an overbought zone and creating a signal for an entrance to the market with long position as the %К line is above the %D line. Forex News from New Forex: Technical analysis of USD/JPY Almost for two weeks in a row, the Japanese national currency strengthenes against the greenback. For today, from the very beginning of the trading session in Asia, the participants of the market haven’t managed to find any unexpected events. The currency pair USD/JPY continued to be traded in a bearish trend with support level at the mark 109.91 and the level of resistance at 111.44. On the four-hour chart, the moving averages EMA20 and EMA 55 continue to decrease since being crossed down in the middle of the current month. It means the intention of this market to remain under pressure further as it is confirmed by the fact that the price chart appeared in the area which is lower. The MACD histogram remains in a negative zone and for today it decreases creating a sale signal to the greenback against the Japanese yen. The Stochastic oscillator is located in an oversold zone creating a similar signal. In such a way, we expect the bears to keep the initiative if only the Central Bank of Japan doesn’t take any unplanned actions. Forex News from New Forex: Technical analysis of USD/CHF On Monday, the currency pair trades with clear advantage of bears remaining within the closest levels of support at 0.9782 and resistance at 0.9930. On the four-hour chart the price fell below moving averages with the period of 20 and 55 days which appear now as the intermediate levels of resistance. The technical structure of the market is characterized by the expressed descending tendency where the MACD histogram went into the negative zone and fell below the signal line, giving a sale signal to the greenback against the Swiss national currency. The Stochastic oscillator crossed the boundary of an oversold zone top down and created a similar signal as the %К line fell below the %D line. NewForex Analyst Sara Rosenstein News from NewForex: the announcement of the Forex market events at the date of March 27-31 Next week, investors will follow the political situation development in the US in order to learn whether the tax reform of the US president, Donald Trump will come under the spotlight. The market players will also follow the economic reports in the USA, including the data on private individuals income and expenses. Besides, the attention will be drawn by performances of the US Central Bank officials. Monday, March 27 The speech of FRB presidents in Chicago Charles Evans and the FRB president in Dallas, Robert Kaplan The publication of data on business confidence in Germany by the IFO institute Tuesday, March 28 The speech of the Bank of Canada head Stephen Poloz The speech of the FRB president in Dallas, Robert Kaplan The publication of data on consumers trust in the USA Wednesday, March 29 The speech of the FRB president in Chicago, Charles Evans The data on pure crediting in Great Britain The report’s publication on the incomplete sales volume in the USA Thursday, March 30 The publication of data on the prices of building materials inflation in Canada The publication of preliminary data on inflation in Germany and Spain In the USA there will be reconsidered value on GDP growth in the fourth quarter and the weekly report on the number of applications on unemployment Friday, March 31 The publication of data on the current operations of the state account in Great Britain The publication of official data on activity in manufacturing sector and the service sector in China New Zealand will issue data on Purchasing Managers’ Index The USA will finish economic week with data publication on private individuals income and expenses Also there will be data on production activity in the region of Chicago and the specified report on consumer’s moods. Fundamental analysis from New Forex: Europe The European Central Bank will reduce the monthly purchases of bonds next month and judging by this fact the narrowing will stop, however the markets expect the next reductions this year, in future and before the increase in rates. The European Central Bank should act extremely careful in order to keep prospects of flexible economic policy between the divided eurozone — with strong economy and also low unemployment rate and inflationary pressure on various sites of a range. The composite index of managers on supply of Markit in the eurozone has grown to 56.7 in March with 56.0 a month earlier outstripping the expectations foretelling the fall to 55.8 and having noted the best level since April, 2011. The production PMI index in March has grown to 56.2 with 55.4 while economists expected the decrease to 55.3. The best, than it was expected as the PMI data explained by more rapid growth of employment, growth of business activity and inflationary pressure at the expense of the high prices of raw materials and weak currency. Euro becomes stronger against the background of PMI data demonstrating that restoration of economy in the Eurozone has accelerated as the currency has grown by 0.24% against the greenback to 1.0810 and at 0.41% against the pound to 0.8646. Euro and the British pound increased 0.5% against the trade weighted basket among its main colleagues. Gold increased 1.1% to $1256.72 per ounce — to its highest level since February. The futures for iron ore have weakened at 6% blocking the gain this year. Copper and tin have dropped by 1.3%. Fundamental analysis from New Forex: The Asia-Pacific region The greenback and futures of US shares accelerated the fall on Friday while gold grew right after the bonds. The investors avoid risk assets against the background of the growing scepticism in relation to the U.S. President, D.Trump ability to realize the economic agenda. The yen has strengthened while the indexes control has fallen in Japan. The futures for iron ore have lost all potential which was received this year. The trading volumes in the markets decrease. Investors are very cautious, expecting clarity on the prospects of tax reforms in the USA which are undermined by approved project of health care reform. Futures for S&P 500 have lost 0.7% having expanded at Friday fall of the main indicator which has lost 1.4%. The MSCI index in the region has dropped by 0.3%. The Tokyo Topix has lost 1.4% reaching the lowest level of close since February 9. ASX in Sydney has receded at 0.1% while Kospi in South Korea was reduced by 0.6%. The index of Singapore advancing indicators has lost 0.4%. The Hong Kong Hang Seng has dropped by 0.4% while the Shanghai Composite index practically didn’t change. The index of emerging markets MSCI EM is practically the same while the indexes in Malaysia and Vietnam moved forward and in Indonesia and India they just slightly weakened. The yen increased 0.9% to 110.36 per dollar leading monthly profit to 2.2%. The index of the American currency has dropped by 0.4% and lost more than 4% this year. The Australian dollar has strengthened with a gain in 0.1%. Volatility increased only a little after S&P 500 earlier — the largest weekly jumped this year and reached the highest level since December. For example, the volatility indicator of Nikkei 225 has increased 11%. NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Anna Mon Posted March 29, 2017 Author Share Posted March 29, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Tuesday, during the auction the greenback has strengthened against the single European currency. Then it is observed the price’s cons price within the closest levels of support on 1.0769 and resistance 1.0815 is observed. It is possible to tell that bears have taken an intermediate revenge, after the long approach of bulls which has begun since March 3. Now in the market small calm. However, the technical structure in the short term remains in favor of bulls. On the four-hour schedule moving averages with the period 20 and 55 continue to grow that speaks about the remaining ascending market potential. The histogram of MACD remains in a positive zone, but was considerably reduced towards the axial line and gives a signal for sale of euro against «American». The Stochastic oscillator has also reached a zone of an oversold and has created a similar signal that opens an entrance to the market with a short position. However, despite accurate signals to sale, we recommend to wait for breakdown of local level 1.0800 down. Forex News from New Forex: Technical analysis of GBP/USD The British pound, which strengthens against the greenback since the beginning of last week couldn’t resist the yesterday’s double shock from bears. As a result we could observe the sterling’s fall from 1.2550 to 1.2400. This time, the reason was the macroeconomic statistics of the USA. The first stroke was from the Price index on housing for January from S&P which corresponded to the forecasts of analysts. Then, one hour later the data on the trust level of customers for March was published which incredibly exceeded all expectations (114.0) reaching the point in 125.6. In the short term, the technical structure looks obviously in favor of bears. The MACD histogram went to the negative zone and fell below the signal line indicating an opportunity to an input in the market with a short line item. The Stochastic oscillator also decreases, entering an oversold zone with a similar sale signal. The level of support is 1.2349, the level of resistance is 1.2501. One must bear in mind the fact that today, the government of Great Britain initiates the article 50 in order to begin the procedure of Brexit. Forex News from New Forex: Technical analysis of USD/СAD Since March 16 it is observed the weak growth of the greenback against the Canadian dollar. At the trades on Wednesday, the price is consolidated in the limits of support level at 1.3354 and the level of resistance at 1.3396. It is noteworthy that the yesterday’s speech of the Bank of Canada’s head, S. Poloz hasn’t exerted any impact on quotations. The technical structure of the market on the four-hour chart indicates relative equality of warring parties. The MACD histogram slightly appeared in the area above the axial line without giving any accurate signals. The Stochastic oscillator settles down in an average zone creating a buy signal to the greenback in the short term as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of AUD/USD On Wednesday, the trading session on this currency pair follows different directions. The price remains within the closest levels of support at 0.7612 and resistance at 0.7679. The course is clamped between moving averages with the period of 20 and 55 days that indicates possible further consolidation to narrow a corridor of the currency pair. The MACD indicator gives a weak buy signal to the Australian dollar, however, the histogram remains in a negative zone. The Stochastic oscillator also grows but still it didn’t create an accurate signals for an entrance to the market. NewForex Analyst Sara Rosenstein Fundamental analysis from New Forex: The Asia-Pacific region Asian share indexes outside Japan grow already for the second day as the growth of consumer confidence has recovered an optimism concerning the force of US economy again. Oil grows already for the second day while the dollar is stable. The Japanese Topix has weakened because of the strengthened yen. World funds trade near five-months maxima but MSCI World still in borders of quite low historical range. Representatives of U.S. Fed have confirmed that two more additional increases in rates this year will be pertinent. Shares in Australia, Indonesia and Singapore increased especially after the S&P 500 index has published the strongest gain for the last two weeks which rose on the data, indicating that the American consumer moods have reached 2000’s maxima. The MSCI index in the region has grown by 0.2%, having expanded the 0.8% growth on Tuesday. The Australian ASX increased 0.9% while the Singapore Straits Times Index has added 0.7%. Hang Seng in Hong Kong increased 0.1%, and the index of Jakarta increased 0.8%. The futures for S&P 500 increased 0.1% while the main index for 0.7%. The Stoxx 600 index increased 0.6%. The yen is trading at the level of 111.11 against the greenback, having slightly changed after the decrease by 0.4% on Tuesday, but strengthening against other main currencies for today. The dollar index has almost didn’t change, gaining 0.5% on Tuesday and being stopped by the two-day descending trend. The Australian dollar grows already for the second day, adding 0.1% for today. The growth of consumer’s trust and the prospect of gradual increase in US rates can be only positive for Asia as there is exclusively good communication between things which occur in US and Asia economy, however it is connected not only with a stream of means between regions. Fundamental analysis from New Forex: Europe The European share indices have expanded the growth while the prices for oil also grew on Tuesday having recovered from the losses during the previous trading session with movable confidence in Donald Trump’s managing to push the tax and budgetary policy further. Besides, according to Bijan’s messages, it became known that, most likely, the majority of the export countries will prolong the agreement on reduction in production though full assessment of the situation in spite of the fact that it requires time and personal meetings. The all-European benchmark Stoxx 600 increased 0.6% to 377.30 while German DAX has grown by 1.28% to 12.1494 and the French CAC from 0.58% to 5.0462. Meanwhile, Brent oil has grown by 1.82% to $51.69 per barrel. Besides, the European indexes increased against the background of the strong geopolitical tendencies which are connected with the fact that the prime minister of Great Britain, Theresa May has signed the application for an exit of the country from the EU opening the irrevocable procedure of economies dissociation. In the foreign exchange markets, euro almost didn’t change against the greenback and the bargains at the level of 1.0849 but it appeared to be stronger at 0.36% against the pound sterling which has been more sensitive to gap’s prospects between Britain and the EU. Meanwhile, the Swiss franc is trading in deaf defense because of the high spirits towards the risk and the weakened gold which moves in steady and quite high correlation. Dow Jones increased 0.73% while the US stock market closed with growth On Tuesday, The US stock market has finished the trades with growth due to the strengthening of oil and gas, raw materials and finance sectors. At the time of New York Stock Exchange closing, Dow Jones has grown by 0,73% as the S&P 500 index has grown by 0,73%, the NASDAQ Composite index also rose in price at 0,60%. Among the leaders of growth, there are the components of Dow Jones index following the results of today’s trading where the stocks of Apple Inc which have risen in price at 2,92 items (2,07%) closed at the mark in 143,80. Quotations of Goldman Sachs Group Inc have grown by 3,85 items (1,71%) finishing the auction at the level of 229,33. The papers of Caterpillar Inc have grown in price at 1,44 items (1,57%) being closed at the mark 92,95. The leaders of fall were the stocks Johnson & Johnson which price has fallen to 0,14 items (0,11%) finishing the session at the mark 125,66. The stocks of Pfizer Inc increased 0,02 items (0,06%) closing the session at the level of 34,16, while McDonald’s Corporation decreased in the price at 0,04 items (0,03%) finishing the auction at the mark 129,45. At the New York Stock Exchange, the number of risen in price papers (2299) has exceeded the quantity being closed in minus (920) while quotations of 42 actions have practically didn’t change. On the stock exchange NASDAQ the papers of 1507 companies rose in price, 1004 have decreased and 113 remained at the level of the previous closing. Meanwhile, in the market Forex the pair EUR/USD has decreased by 0,46% to 1,0814 and quotations of USD/JPY have increased by 0,40% reaching the point 111,10. The future for the USD index has grown by 0,48% to 99,51. The European stock markets showed a positive spirit The share indexes of the Western Europe countries increased if to follow the results of the yesterday’s trading session as investors considered the fall to be excessive one if to follow the results of two last trading sessions. The summary index of the largest enterprises of the region Stoxx Europe 600 increased by 0.6% to 377,3 points. The index of fifty largest enterprises of the eurozone Euro Stoxx 50 increased by 0,8%. The British FTSE 100 indicator rose at 0,7%, the French CAC 40 at 0,6% and the German DAX — at 1,3%. The Portuguese PSI 20 index increased 2,8% to the maximum mark since June, 2016. On Tuesday, the value of the mining company’s stock increased fust like at the car makers. So, capitalization of Rio Tinto (LON:RIO) increased 2,8%, while BHP Billiton (LON:BLT) at 2,5%. The papers of German carmakers BMW and Volkswagen rose in price relatively at 0,9% and 1,4% while French Peugeot at 2,3%. Capitalization of the British insurer Aviva Plc increased by 1,9% judging by messages of the sources which indicated the fact that the company can sell the division to Friends Provident International Ltd. at $750 million. The quotations of the British Tesco Plc (LON:TSCO) papers increased 0,7%. The owner of supermarkets network reported about the payment of a penalty at 129 million pounds sterling ($162 million) that he overestimated the expected profit in 2014. Meanwhile, the stock price of AB Ericsson decreased by 2,6%. The world’s largest producer of the equipment for wireless communication networks declared that expects write-offs for the sum up to $2,4 billion in the current year because of depreciation of intellectual property, restructuring of business and costs of large projects. NewForex Analyst Michael Butnitsky Link to comment Share on other sites More sharing options...
Anna Mon Posted April 6, 2017 Author Share Posted April 6, 2017 Forex News from New Forex: Technical analysis of EUR/USD For today, the trades on this currency pair proceed in different directions but in quite narrow range. The price remains within the support level at 1.0652 and the level of resistance at 1.0697. The rate is clamped between the moving averages with the period of 20 and 55 today that indicates the weakening of bearish potential of the market. The technical structure on the four-hour schedule remains bearish but bulls surely gain strength in the process of trades development. The MACD histogram remains in a negative zone but today it rose above the alarm line creating a buy signal to the single European currency against the greenback. The Stochastic oscillator grew during the Asian trading session but now it was slowed down and doesn’t give accurate signals remaining in an overbought zone. It is noteworthy that the European Central Bank throughout the day sits at Europe since the early morning and therefore it is possible to wait for some unexpected events in the market. Also in the US, there is ADP data on the level of employment in a private sector of economy for March, which should be taken into consideration in case of investment decisions adoption. Forex News from New Forex: Technical analysis of GBP/USD On Wednesday, the British pound is traded with a small advance in price remaining within the closest levels of support at 1.2435 and resistance at 1.2491. Definitely, the initiative in today’s market belonged to sellers as the exchanges in Europe didn’t open yet so it slightly shook the line items. On the four-hour chart, moving averages with the period of 20 and 55 don’t are at the same level. It indicates the forces redistribution between warring parties. The MACD histogram is located in a negative zone and gives a sale signal to sterling. The Stochastic oscillator grows and creates a buy signal as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of USD/СAD On Wednesday, the pair is traded with an advance in price, remaining within the current levels of support at 1.3375 and resistance at 1.3463. The four-hour chart was fixed above moving averages with the period of 20 and 55 days that implies intention of this market to continue the ascending movement. The MACD histogram remains in a positive zone, but doesn’t give any accurate signals for adoption of investment decisions. The Stochastic oscillator is located in the central area and began to grow, but also still didn’t create an accurate signal for the action. Thus, we recommend to wait for the accurate signals to appear before entering the market. NewForex Analyst Aaron Kaufmann Fundamental analysis from New Forex: The Asia-Pacific region The shares of Asian companies weakened as investors expect the publication of protocols of FRS on interest rates and economic growth which will be promulgated already for today. The Japanese shares fell because of yen which grows already for the fourth day. Shares in Shanghai and Taiwan rose a little after holidays. The South African rand was stabilized after sharp recession. The Australian dollar recovered some losses after regulating boards of Central Bank reported about readiness to take further measures for price stabilization on housing. Shares rose in price according to historical estimates but still remains cheaper than the bonds based on the income and interest rates. The MSCI index according to shares of the Pacific Rim decreased by 0.2%. The Tokyo Topix decreased by 0.4% having turned off an early surplus in 0.6%, and having closed at the lowest level since December 7 on Tuesday. The Australian ASX index decreased by 0.1% and the Kospi index in South Korea dropped by 0.6%. Hang Seng in Hong Kong lost 0.2%. Shanghai Composite grew at 1.1%, and Taiex in Taiwan at 0.8%. S&P 500 grew by 0.1% but futures for an index decreased by 0.1% while industrial Dow Jones extended at 0.2%. The yen grew by 0.1% to 110.64 against the greenback while the index of the dollar dropped by 0.1% after two-day surplus. The South African rand is stable and Moody’s Investors Service postponed the overview of credit rating of the country after S&P Global downgraded against the background of the office cleaning from the president Zuma. The central speakers of the US this week are William Dudley, the president of New York FRS and also the member of the Central Bank managing directors — Daniel Tarullo. Besides, on Friday the data on employment will be published and the U.S. President and the secretary general of the People’s Republic of China will hold meetings on Thursday and on Friday. Fundamental analysis from New Forex: Europe The muffled start in the second quarter extended and touched also the yesterday’s trades where the European shares only slightly grew against the growth of oil and mining companies weakness in auto industrial sector. Sales of new cars in the US lag behind expectations of the markets while the concerns of investors prospects of the European diesel cars saddened the European funds. Pan-European Stoxx added 0.2% while FTSE 100 in Britain exceeded average expectations and increased 0.5%. Somewhat, the large currency risks connected with political instability cause some definiteness on the prospects of growth of these two indexes. Shares of the banks also appeared under pressure being decreased by 0.4%. Euro lost 0.1% against the greenback and is traded at the level of 1.0659 but increased by 0.35% against pound sterling to 0.8572. The prospects of European currency are saddened by euro skeptical tendencies in political life of France and also an unexpected complication of the first formal stages of the EU dissociation with Britain. Dow Jones increased 0,19% while the US stock market closed with growth The US stock market of the USA finished the trades of Tuesday with growth due to the strengthening of oil and gas, raw materials and utilities sectors. At the time of the New York Stock Exchange closing, Dow Jones increase 0,19%, the S&P 500 index grew by 0,06% while the NASDAQ Composite index increased in price at 0,07%. Following the results of today’s trading, among the components of the Dow Jones indexes, the leaders were Caterpillar Inc shares which increased in price at 1,86 items (2,02%), finishing the trading session at the mark 94,13. Boeing Co quotations increased 2,05 items (1,16%) finishing the trading session at the level 178,70. The shares of United Technologies Corporation increased in price at 1,06 items (0,95%) finishing the trading session at the mark 112,99. The leaders of fall were the shares of Nike Inc which price fell to 0,52 items (0,94%) finishing the trading session at the mark 55,04. The shares of Visa Inc increased 0,58 items (0,65%) finishing the trading session at the mark 88,78 while American Express Company decreased in the price at 0,33 items (0,42%) finishing the trading session at the mark 78,26. At the New York Stock Exchange market, the number of the fallen in price papers (1597) exceeded the quantity closed with a surplus (1595) while quotations of 50 shares practically didn’t change. On the NASDAQ stock exchange papers of 1462 companies fell in price, 1025 grew while 131 remaining at the level of the previous closing. The future for gold with delivery in June added 0,35% or 4,35 reaching the point $1.258,35 per troy ounce. As for other goods, the prices of WTI crude oil futures with delivery in May increased by 1,73% or 0,87 to $51,11 per barrel. Futures for Brent oil with delivery in June increased in price at 2,05% or 1,09 to the mark of $54,21 per barrel. Meanwhile, in the market Forex of EUR/USD steam grew by 0,01% to 1,0671 and quotations of USD/JPY dropped by 0,15% having reached the point 110,73. The future for the USD index grew by 0,07% to 100,43. The European stock markets were closed with an upward trend On Tuesday, the stock indexes of the Western Europe countries majority grew. At the same time, the British indicator increased for the first time during four sessions. The consolidated index of the largest entities Stoxx Europe 600 increased by 0,2%, constituting 380,03 points. The British FTSE 100 increased 0,5%, the French CAC 40 at 0,3% as the German DAX at 0,2%. On Tuesday, the support of the British stock market was given by depreciation of pound sterling that is a positive factor for the company as it is oriented by the export. The pound to dollar fell in price by 0,5% to euro at 0,4%. The papers of the Seadrill Ltd oilfield services company, failed in the price at the trades in Oslo for 38%. The company warned that its shareholders and bondholders can suffer severe losses within new process of debt restructuring. NewForex Analyst Michael Butnitsky Link to comment Share on other sites More sharing options...
Anna Mon Posted April 14, 2017 Author Share Posted April 14, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Friday, the pair is traded in different directions. After the bearish approach on Thursday, the buyers take a small revenge for today. With trades opening in Europe, the price remains within the closest levels of support at 1.0577 and resistance at 1.0630. On the four-hour chart the technical structure of the market indicates the beginning of single European currency strengthening in the short term. The MACD histogram slightly appeared in a positive zone but still it doesn’t show any accurate signals to the action. The Stochastic oscillator went up, leaving an oversold zone indicating a purchase signal to euro against the greenback. As for the medium term, we observe the moving averages with the period of 20 and 55 days are slowed down, however so far it continues to decrease indicating about the remaining bearish market potential. Forex News from New Forex: Technical analysis of GBP/USD On Friday, the trades on this currency pair proceed within the closest levels of support at 1.2468 and resistance at 1.2564. The market is characterized by an easy bearish spirit of its participants during the Asian trading session and small activation of buyers from the moment of trades opening in Europe. The technical picture on the four-hour chart indicates the completion of yesterday’s bearish approach and continuation of the bulls expansion. The exponential moving average with the period of 20 still goes up and crosses EMA 55 which acts as the strong level of support. The MACD histogram shows a sale signal to the British pound against the greenback, however, the Stochastics oscillator stays in an oversold zone and created a purchase signal of sterling as the %К line is higher than the %D line. Forex News from New Forex: Technical analysis of GBP/JPY At the trades on Friday, this currency pair is traded with a decrease in quotations while the British pound progressively continues to weaken against the Japanese national currency. The price remains within the level of support at 135.98 and the level of resistance at 136.77. The four-hour chart surely was fixed below moving averages with the period of 20 and 55 days indicating about the market’s intention of the market to continue degression. The MACD histogram still remains in a negative zone falling below the alarm line that gives an opportunity for an entrance to the market with a short position. The Stochastic oscillator was also created by a similar signal as the %К line is lower than the %D line entering an oversold zone. NewForex Analyst Aaron Kaufmann Fundamental analysis from New Forex: The Asia-Pacific region The asian shares weakened after the US launched a massive campaign of bombardments for line items of the Islamic State in Afghanistan. The dollar recovered a little after being low below 200-day moving average earlier on Wednesday. Treasury bonds of the US are in a flat. Geopolitical problems continue to predominate in the global economic agenda, aggravating moods of uncertainty among investors. Also traders try to understand financial and economic plans of the president Trump after his statements for monetary policy mitigation benefit. Being guided by reports of JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. analysts observe the delay of commercial credits growth and growth of consumer crediting in the US with the greatest surplus among students and car loans. Shares in Tokyo and Seoul have weakened. It is expected a low-volume trade in the markets from Sydney to Frankfurt and many markets already managed to close in the region on Good Friday and prepare for Easter. The Tokyo Topix lost 0.4% and is traded near its November minima. The index decreased by 1.9% for the last five days and showed the most long series of losses since December, 2015. Kospi in South Korea decreased by 0.5% after adding 0.9% a day earlier. This week the index loses 0.7%. S&P 500 was closed with decrease by 0.68% at the level of 2.3289 while industrial index Dow Jones decreased by 0.67% to 20.4532. In the goods markets WTI crude oil increased 0.1% to $53.18 per barrel and the week surplus constituted 1.8%. Gold was stabilized at the mark 1.2878 per ounce. Metal increased 2.7% per week, being traded near its highest levels since November. The US dollar index almost didn’t change for today after the growth at 0.1% during the previous session. This week the index weakened at 0.7%. The yen is traded at the level of 109.12 per dollar approaching the largest week surplus in 1.8% per month. The South Korean won weakened at 0.6% after it was recovered during two previous sessions. The stock markets in China, Japan, Taiwan, Korea, Malaysia and Vietnam are open today. The majority of the European markets will be closed as well as the markets of the USA. Fundamental analysis from New Forex: Europe In 10 days prior to the presidential elections in France, the European stock markets fell and investors digest Trump’s comments on monetary policy and currency manipulations which sent the European bank shares to the negative territory provoking the purchase of euro. All European exchange markets are closed today. The partners of «smooth water» continued its growth because of the threat considering new testing of the weapon from North Korea while the group of the American soldiers is in that region. The all-European benchmark index Stoxx 600 decreased by 0.35% to 380.58 while German DAX weakened at 0.38% to 12.1090 and the French CAC at 0.59% to 5.0711. Especially the Italian FTSE Mib Tel weakened by departing from 1.16%. The banking sector of Europe Stoxx 600 went down at 1.23% to the level 171.86. Euro increased 0.1% to 1.0617 against US dollar and at 0.2% during this week. In relation to yen, euro fell to the level 115.72 having decreased by 2.4% per week. However, concerns about elections in France continue to limit potential common currency growth. The candidate for president from extremely right, Marine Le Pen acting on a platform of economic nationalism declared that already by the end of the first term of GDP growth, France will accelerate to 2.5%. Polls show that Le Pen and Macron while the left Melanson and the conservative Fillon, are going to remain the outsiders and become the first round winners. NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Anna Mon Posted April 20, 2017 Author Share Posted April 20, 2017 Forex News from New Forex: Technical analysis of EUR/USD On thursday, during the trades opening the level of support rose to the mark 1.0710 as the level of resistance is determined about 1.0767. For today, the technical picture of this market has a good potential for intra day growth. On the four-hour chart the Stochastic oscillator goes up giving a buy signal to the single European currency against the greenback. The %К line is higher than the %D line. The MACD histogram also created a similar signal and at the same time it remains above the central line indicating about the remaining bullish potential of the market. Moving averages with the period of 20 and 55 continue to increase but today it slightly slowed down. Forex News from New Forex: Technical analysis of GBP/USD On Thursday, the trades on this currency pair proceed in different directions without any pronounced trend movement. On the four-hour chart, the technical structure of the market is characterized by buyers benefit. The MACD histogram is located in a positive zone showing a sale signal to the British pound against the greenback. Moving averages with the period of 20 and 55 days grow indicating the strengthening of bullish moods in the market. The closest level of support is determined about the mark 1.2728 while the level of resistance at 1.2841. The Stochastic oscillator is in an average zone and shows a buy signal as the %К line is higher than the %D line. Thus, the situation of the market remains uncertain and the force of warring parties in the short term isn’t clear. Forex News from New Forex: Technical analysis of USD/CHF On Thursday, the Swiss national currency becomes stronger against the greenback at the trades in Europe. The price overcame the level of support at 0.9960 in case of the level of resistance at 1.0009. Bearish moods dominate in the market since the beginning of the current week. Moving averages with the period of 20 and 55 crossed slightly slowing down. The MACD histogram smoothly passed into the negative zone and today shows a sale signal to the greenback against national currency of Switzerland. The Stochastic oscillator is in the central area and gives a similar signal as the %К line is lower than the %D line. NewForex Analyst Sara Rosenstein Fundamental analysis from New Forex: The Asia-Pacific region The Asian stock indexes grow as oil has recovered more than forecast data on trade in Japan increased the optimism in the global markets. The New Zealand dollar became stronger against the background of faster inflation. Topix in Japan received the largest weekly surplus more than per month. The Australian shares also rose and shares of Hong Kong stopped its three-day departure. The futures S&P 500 index raised after the turn in crude oil suspending the fall in the stock markets of US. The reports in the Beige book of the Federal allowance showed that the economy of the US continues to extend steadily and while the FED deputy head, Stanley Fischer noted the growth prospects to world economy in relation to gradual toughening of the Central Bank monetary policy. The Japanese Topix added 0.4% therefore its week surplus constitutes 1.2% today. The Hang Seng index increased 0.5%, the Australian ASX 200 index added 0.3%, and South Korean shares grew by 0.4%. Shanghai Composite almost didn’t change after four days of losses and it is near the lowest level since February 8. The Japanese export grew most in high gear more than in two years in March supporting the bullish view of world economy. The yen decreased by 0.1% to 108.94 against the greenback after the decrease at 0.4% on Wednesday. The New Zealand dollar increased 0.5% to 70.36 cents of the USA. The Australian dollar increased 0.1% to 75.06 cents of the USA after the decrease by 0.8% on Wednesday. The index of dollar weakened at 0.1% after the increased at 0.5% earlier. The Vice President of the United States, Mike Pens continues the Asia-Pacific trip and today has stopped in Jakarta. The decision of Indonesian Central Bank on interest rates is expected later for today. Fundamental analysis from New Forex: Europe Load of the European shares weakened on Wednesday after they took out the worst session for the last five months on Tuesday in the run-up to the first round of votes on the French elections earlier. The monthly research of Bank of America managers, Merrill Lynch’s funds showed that professional cash managers are displaced towards the European shares despite the selective rate in the second-large economy on the continent. The same thoughts are divided by strategists of Credit Suisse. The all-European Stoxx 600 index was closed with a surplus at 0:24 to 377.24 after DAX in Germany increased 0.13% to 12.0164 and French CAC added 0.27% to 5.0037. At the front data, the positive balance of the Eurozone trading balance exceeded the forecasts in €18 billion and extended at €19.2 billion in February with €15.7 billion in January. The group of 19 countries exported goods for €170,3 billion and imported for €152.6 billion. Export increased 0.4% since January and import at 1.7%. Euro closed without any essential changes against US dollar at the level of 1.0710 but became stronger at 0.24% against pound sterling on 0.8375. It is supposed that already on May 7 the centrist Macron and the far right eurosceptic Le Pen will win in the first round but extremely left Melanson and the conservative Fillon quickly gain the steam in fight. NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Anna Mon Posted April 21, 2017 Author Share Posted April 21, 2017 Forex News from New Forex: Technical analysis of EUR/USD At the trades on Friday, the single European currency remains under the pressure and today bears stopped at the strong level of support at 1.0710. The closest level of resistance 1.0765. Despite the yesterday’s success of sellers, this market keeps the decent ascending potential in the medium term. Moving averages with the period of 20 and 55 days still grow without being slowed down. The price chart is located higher than both moving averages that implies intention of this market to continue the ascending movement. Speaking about intraday prospect — sellers obviously dominate. The MACD histogram fell below the alarm line showing a sale signal to single European currency. The Stochastic oscillator is in an oversold zone and shows a similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of GBP/USD On Friday, this currency pair is traded in different directions remaining within the closest levels of support at 1.2776 and the level of resistance at 1.2840. The British national currency is under pressure for two last trading sessions. On the four-hour chart, the technical structure of the market is obviously bearish one. The MACD histogram fell below the alarm line showing a sale signal to sterling for today. The Stochastic oscillator is located in the central area and created a similar signal as the %К line fell below the %D line. In the medium term, the market keeps a bullish spirit, moving averages with the period of 20 and 55 days continue to grow without any delays. Forex News from New Forex: Technical analysis of USD/CAD By the time of the trading floors opening in Europe, this currency pair is traded with the small pressure upon the greenback, however keeps good bullish potential in the medium term as moving averages with the period of 20 and 55 days still grow though a little and slowed down. On the four-hour chart the MACD histogram fell below the alarm line for today, showing a sale signal to the greenback against the Canadian dollar. The Stochastic oscillator approached an oversold zone and also created a sale signal for as the %K line is below the %D line. The level of support is determined about the mark 1.3397 while the level of resistance level is at 1.3289. Forex News from New Forex: Technical analysis of USD/CHF On Friday, this currency pair is traded in different directions remaining within the closest levels of support at 0.9960 and resistance at 1.089. The market is characterized by a bearish spirit of its participants in the medium term. Moving averages with the period of 20 and 55 days still decrease. In the short term the market is in the power of buyers. On the four-hour chart the MACD histogram rose above the alarm line showing a buy signal to the greenback against the Swiss national currency. The Stochastic oscillator entered an overbought zone and created a similar signal as the line %К is higher than the %D line. NewForex Analyst Sara Rosenstein Fundamental analysis from New Forex: The Asia-Pacific region Shares grow across all Asia against the background of the revived optimism concerning tax reforms in the US and the yen weakened after the head of the Bank of Japan, Haruhiko Kuroda declared that he intends to adhere the accommodation policy. Shares in Japan, South Korea and Indonesia came to growth while the MSCI index showed the strongest surplus since the end of March. The S&P 500 index also grew after the U.S. Treasury Secretary Mnuchin declared that plans for reforming of taxes progresses. Oil advanced the first weekly loss in four months and iron ore grows already for the third session. Minuchin’s comments weakened as the concern grows as the budget agenda of the president Trump weakens and chances of rates increase in June rose to 60% after the president of FRS, Dallas Kaplan declared that this year three increases are still expected. The MSCI index, widest in the region, increased 0.7%, having shown the strongest surplus since March 28. The indicator increased 0.4% in a week having broken the four-week descending trend. The index of emerging markets MSCI increased 0.4% while the index of Jakarta grew by 0.7%. The Topix index in Japan increased 0.9% showing the first weekly surplus more than per month. The Australian shares added 0.7% and South Korea increased 0.9%. Hang Seng in Hong Kong almost didn’t change having added 0.6% per day earlier while Shanghai Composite increased 0.1%. The futures for S&P 500 increased a little. On Thursday the main index increased 0.8%. The yen grew slightly less than per 0.1% to 109.24 against the greenback after being dropped by 0.4% on each of the last two sessions. The currency weakened at 0.6% in a week. The dollar index slightly changed, having reached the week decrease by 0.3% after being concerned at the lowest level since elections time in the US in November. The New Zealand dollar decreased by 0.2% after the increase in 0.7% earlier on Thursday. The Vice President of the United States, Pens continues Asia-Pacific to the train and will stop in Indonesia and Australia for today. Fundamental analysis from New Forex: Europe On Thursday, the French companies shares of surpassed itself having shown the strongest surplus on the continent shortly before the first round of presidential elections in France. Recent poll showed that Macron and Le Pen divide a level in 23-34% of voices and Melanson gets on the third place where it is followed by the scandalous conservative Fillon. But about a third of voters wasn’t determined yet. At an annual meeting of the International Monetary Fund and World Bank in Washington the representative of the Greece government, Dimitris Tzanakopoulos declared that from the IMF small financial aid would be necessary within this year . The French CAC 40 increased 1.48% to 5.0537 after polls showed that the centrist europhiliac Emmanuel Macron will probably win the elections. At the same time, Stoxx Europe 600 added 0.22% to 378.06 and German DAX increased 0.09% to 12.0273. The key indicator of care investors remains the VStoxx index on volatility of the stock index Euro Stoxx 50 which added 2.885 points till 24.90 keeping the best levels since November. Euro expanded the growth against the greenback having increased 0.62% to 1.0776, the highest level since March 29 on Thursday morning but this surplus was reduced from 0.25% to 1.0737 after the firefight with the terrorist on the Champs Elysée where the French police officer was killed and two more were wounded. Against the pound of sterling the euro decreased by 0.12% to 0.8373. As for the data, in February construction amounts in the eurozone increased 6.9% while in annual basis they added 7.1% with reviewed up 5.1% in January. Consumer confidence in the eurozone was reviewed by the European commission with increase at 1.4 points to-3.6 (from the mark-5.0). NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Anna Mon Posted April 24, 2017 Author Share Posted April 24, 2017 Forex News from New Forex: Technical analysis of EUR/USD On Monday, the trades on this currency pair opened with with a good gap up. In France there was enough news about the first round of presidential elections to give a strong support to the single European currency. Following the results of the last trading session, the pair closed at 1.0728 and the market opened at the level 1.0872 for today. Today, the technical structure of the market is confidently a bullish one. On the four-hour chart the moving averages with the period of 20 and 55 steadily grow. The MACD histogram also grew showing a buy signal to euro. The Stochastic oscillator also grows entering an overbought zone and creating a similar signal as the %К line is higher than the %D line. The current level of support is 1.0753, the closest level of resistance is 1.0869. Forex News from New Forex: Technical analysis of GBP/USD On Monday, with the trades opening this currency pair keeps uncertainty. There is an impression that consolidation of this market delayed a little. On the four-hour chart the pair keeps the bullish potential in the medium term as the price chart remains slightly higher than the moving average with the period of 55 days which continues to grow. It is necessary to notice that EMA20 slowed down its growth and now it went up. The MACD histogram is in a positive zone indicating the remaining bullish potential of the market but it fell below the alarm line that is a sale signal for to the British pound against the greenback within the intra-day trade. The Stochastic oscillator is located in an average zone, went down and demonstrates the similar signal as the %К line is lower than the %D line. Forex News from New Forex: Technical analysis of USD/JPY On Monday, the pair opened with a small gap up (93 pips). The depreciation of the Japanese national currency most likely was caused by the continuing net volume of speculative transactions reducing with JPY according to CFTC. The technical picture of this market in a four-hour chart indicates about the bullish potential increase. The MACD histogram appeared in a positive zone and grows showing a buy signal to the greenback against the Japanese national currency. The Stochastic oscillator grows entering an overbought zone and the similar signal as the %К line is higher than the %D line. Moving averages with the period of 20 and 55 days crossed, developed up and began to grow too. The support level is determined about the mark 108.71 while the resistance level is at the market 110.50 for today. Forex News from New Forex: Technical analysis of USD/CAD On Monday, this currency pair continues the trades with a small decrease in quotations having updated the support level to the mark 1.3441 with the level of resistance at the mark 1.3548. The technical picture of the market within the intra-day trade is rather bearish one. The MACD histogram is reducing for today, having fallen below the alarm line and showing a sale signal to the greenback against the Canadian national currency. The Stochastic oscillator is located in an average zone and continues to decrease, having created a similar signal as the line %К is lower than the %D line. It should be noted that despite the pressure upon the greenback from sellers, the buyers keep the potential for further growth in the medium term so far. Moving averages with the period of 20 and 55 days continue to grow without the hint on delay for today. Fundamental analysis from New Forex: The Asia-Pacific region The rally against the background of speculation that Macron will become the following president of France was compensated by a sale of shares in China. The yen departed and volatility weakened, that led to fall of gold and profitability of the US 10-year treasury bonds. Futures for the stock indexes of the USA grew, and the Japanese shares lead Asian profit to the growth. Shares fell in Shanghai to the minima of January against the background of the strengthened standard control. Sales Chinese shares amplified after the authorities made active measures for fight against trade on borrowed funds. The bank regulator declared on Friday earlier that it will strengthen fight against the violations in financial sector. Futures for the S&P 500 index increased 0.8%. The MSCI index according to shares of the region out of Japan increased 0.9% after the first weekly growth within the month. Kospi added 0.2% and the New Zealand NZX 50 increased 0.3%. Shares in Sydney added 0.1%. Shanghai Composite weakened at 1.6% to the lowest level since January 20 after being dropped by 2.3% last week. The Hong Kong Hang Seng lost 0.1% and the index of the Chinese entities China Enterprises almost didn’t change. Indicators of volatility showed the decrease and the index on the Nikkei 225 index of Stock Average dropped by 15% to the minima on March 6. For the first time this month, the yen dropped by 0.8% to 110.04 per dollar after the week close with the decrease earlier. The index of US dollar decreased in price by 0.5% and is traded near the lowest level from the date of the American presidential elections. On Saturday, Trump wrote on twitter that he plans to announce large tax reform already on April 26. Also in the center of attention of an event around North Korea where the last threatened to sink the American cruiser to show force and military determination. Fundamental analysis from New Forex: Europe Euro jumped up to the monthly maximum after the europhilia, Emmanuel Macron won in the first round of the presidential vote in France having weakened the tension connected with euro skeptical risks. It is uneasy time for the investors because of transfer elections in France after the referendum of Brexit and Trump’s victory on elections to the USA that attracts the prospects of fresh threats to the European establishment these days. Le Pen wants to remove France from euro and to suppress immigration while the current leader is the globalism adherent. Earlier on Friday, the French blue chips were closed below all other European indexes in vote anticipation. CAC weakened at 0.4% whereas Pan-European Stoxx Europe 600 increased 0.1%. Within the last week both of them decreased but both indexes are still weaker no more than for 2% of the highest level this year. However, the French banks Societe Generale and BNP Paribas relatively added 1.7 and 2.2%. Euro increased 1.2% to 1.0855 US dollars. The currency grew almost by 2% last week earlier. Other European currencies also became stronger: the Swedish krona jumped up at 1.6% while Danish at 1.2%. Gold fell in price by 0.7% because of the growing appetites to the risk and the profit on Swiss franc was also significantly limited to low demand for safe shelters. NewForex Analyst Alex Vergunov Link to comment Share on other sites More sharing options...
Guest andengireng Posted May 4, 2017 Share Posted May 4, 2017 USD JPY Today May 4th 2017 USDJPY is still uptrend. Based on technical analysis, you can wait for confirmation of bullish signal if correction occurs to the support area at 112.510-112.297 with potential rebound up to the range 112.641-112.853. Instead be careful if support 112.297 breaks because it will turn the intraday bias to bearish and potentially will push USDJPY to the range 112.166-111.954. Link to comment Share on other sites More sharing options...
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