Daily Market Analysis by ForexMart

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 17, 2016 10:05 am



USD/JPY Fundamental Analysis: November 17, 2016

The USD/JPY pair was subject to extreme selling pressure after reaching 109.751, its highest level reached since June. This selling pressure caused a possibly bearish closing price for the currency pair, which opens the possibility of the currency pair taking a 2-3 day break. The USD/JPY could also revert back to its last rally at 105.465 points if the selling pressure becomes substantial enough. The USD/JPY closed down the previous session at 109.072 after decreasing by 0.109 points or -0.10%.

Market analysts are speculating that the increase in value of the Japanese yen was mainly due to the weakness of the DJIA and the S&P 500 indices, together with the carry trade buying. The USD might have also lost some of its value due to the ambiguity of the 10-Year US Treasury Notes and 30-Year US Treasury Bonds, as well as a slightly weaker US Producer Prices Index data release.

For the New York session, investors are expected to react on the release of the consumer inflation data, building permits data, jobless claims data, and housing data. Comments are also expected to be released from the President of the New York Fed as well as from the Fed governor. For Thursday’s session, the USD/JPY pair could still be subject to a steadily increasing selling pressure if Janet Yellen says that US exports could be adversely affected by a strengthening in the value of the USD, therefore creating a negative environment for the US economy in general.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Mon Nov 21, 2016 11:21 am

EUR/USD Fundamental Analysis: November 21, 2016

   The USD exhibited a steady increase last week along with the US Treasury yields, and this has affected all major currencies across the board specifically the euro and the yen. This has created adverse effects for the EUR especially since the QE has already negatively affected the said currency. The ECB has not yet issued a statement on whether it would be tapering the QE and this has caused the EUR/USD to drop through 1.0800 last week and even dipping through 1.0600 towards the closing of the week. The EUR/USD is currently at its support levels of 1.0580.

   The 1.0500-1.0600 is a relatively critical support region, however, whether the pair will be able to maintain its hold on this particular range will be dependent on the yields in the coming weeks. As of now, the USD continues to increase in value while the EUR continues its losing streak and is not showing any signs of apparent strength. The bulls attempted to take hold once the pair hit the 1.0700 range but failed and now the EUR/USD is under total control of the bears.

   For this week, ECB’s Draghi is expected to make a speech on Monday but market players are not expecting any vital information from Draghi since the ECB chair is known to only address monetary policy issues when deemed extremely necessary, and the ECB has not yet expressed concerns with regards to the downfall of the euro. The FOMC minutes will be released on Wednesday and this is expected to give hints regarding the December Fed rate hike. If the minutes comes out as positive, then this will further contribute to the strength of the USD.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Mon Nov 21, 2016 11:33 am


USD/CAD Fundamental Analysis: November 21, 2016

The USD/CAD pair ranged for the entirety of last week since the sudden surge in the value of the USD seemed to have little if no effect on the currency pair. However, the USD/CAD had one of the tightest ranges as compared to other pairs since the USD/CAD was unable to go beyond 1.3400 and 1.3600 on both the resistance and support side, which was mostly due to the fact that the increase in the value of the USD was mainly offset by the strength of the CAD.

The CAD has been experiencing significant increases since next week due to an increase in oil prices as the OPEC meeting draws nearer. The market is currently putting in optimistic expectations with regards to the meeting, with deals hopefully being made and statements from various stakeholders are showing that this might be the case once the meeting commences. The Canadian economy is expected to get a boost if ever deals regarding oil production cuts are struck especially since the economy is largely dependent on the production of oil.

For this week, the market is expecting the release of Canadian core retail sales data on Tuesday since this is an efficient indicator of Canadian purchasing power and this could give clues with regards to the general direction of the Canadian economy. The minutes of the FOMC meeting is scheduled to be released on Wednesday, and this is expected to give hints regarding the Fed rate hike on December. The USD/CAD continues to be bullish, and the target for the currency pair is expected to be 1.40 in the next few months. The pair is most likely to be drawn to the said target by the impending Fed rate hike as well as an expected rate cut from Canada.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Tue Nov 22, 2016 10:55 am


November 22, 2016

Wholesale Sales Report in Canada Posed An Unexpected Decline by 1.2 Percent


An official data released in Canada stating that the Canadian Wholesale Sales dropped 1.2 per cent in September with an equivalent of $56.0 billion. This result presented a lower-than-expected 0.4 percent hope from the economists according in the report of Reuters.

On one side, the yearly average growth ease off to 2.8 percent and on the other hand, the annual growth rate for volume added 2.6 percent.

The weak data came after the decline in the five out of seven subsectors which comprises 65% of the total sales. Moreover, the food sales also endured a dipped at 1.1 percent as well as the sales in machinery with 4.0 percent decrease. While on the miscellaneous manufacturing subsector subside by 3.1 percent.

Contrarily, motor vehicles and its parts is in an upbeat tone reaching 0.7 percent increase for the month which makes 13.4 percent increase for this year.

Mainly, the BoC focuses on the percentage downturn of the machinery sector which is an indicator about the current complication over the capital expenditure.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Tue Nov 22, 2016 11:22 am


USD/CAD Fundamental Analysis: November 22, 2016

The expected deal to be made at the OPEC meeting this week helped sustain oil prices and caused the USD/CAD pair to become muted for the majority of the trading session yesterday. The USD/CAD pair experienced a slight drop to 1.3400 points, triggering a decreasing in buying for the said pair. Since the OPEC meeting had a fairly good turnout, with the possibility of a deal being struck close, oil prices rose and this is expected to help in augmenting the strength of the Canadian economy. The effect of this increase in oil prices was reflected in the increase in the value of the CAD and the drop in the value of the USD/CAD pair. The currency pair traded tightly during the Tokyo and London trading sessions but was able to break through once the New York session began, with the pair dropping to 1.3380 where buying opportunities appeared and is now trading just over the 1.3400 range.

For today's trading session, the Canadian core retail sales data is expected to be released later within the day, with the data expected to come in at 0.6%. If the data fails to make it to this particular speculation then this could cause the currency pair increase to 1.3500. However, if the data manages to come in at the expected data then this could trigger a further decrease up to 1.3200. However, the uptrend is expected to continuously dominate the USD/CAD pair so any decrease in its value can be used by traders to buy the USD/CAD pair in the short-term.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Tue Nov 22, 2016 11:32 am


EUR/USD Fundamental Analysis: November 22, 2016

Both the bulls and the bears have been struggling to take control of the EUR/USD pair even though this particular currency pair exhibited little activity during the past trading sessions. However, the USD has once again extended its recent strength, indicating that other USD-related pairs could experience a temporary recovery before again going downwards, and the EUR might find it hard to extend its profits through the 1.0675 trading range.

However, there is a substantial option interest within the 1.0600-1.0659 region and this could lead to the currency pair consolidating between this particular range. The minutes of the FOMC meeting is set to be released on Wednesday, and this particular data is expected to confirm market speculations of a Fed rate hike this coming December. The market expectations for the rate hike is currently at 90%, and speeches and comments from a number of Fed officials including Janet Yellen seem to point towards a confirmation of this rate hike.

However, there is also a possibility that the Fed rate hike might not immediately translate to an added strength in the USD and could possibly weaken the currency if the Federal Reserve refuses to give hints regarding rate hikes for 2017. For today’s trading session, there are no major economic releases expected today from the eurozone and the US, so the EUR/USD pair is expected to consolidate between 1.0600 and 1.0700.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 23, 2016 8:02 am


GBP/USD Fundamental Analysis: November 23, 2016

The GBP/USD pair spent the majority of the previous trading session consolidating within the 1.2400 range as the USD kept on alternately losing and gaining its value for the past session. The value of the USD has been significantly uncertain for the past two sessions and this is an expected effect of a bullish market last Monday.

There are no major economic news releases expected for the latter part of November, and this is why a lot of currency pairs have been directed by option expiries and flows instead of fundamentals. The strength of the USD has been mostly attributed to the recent surge in US Treasury yields which was the result of Donald Trump’s victory in the US Presidential elections, but US Treasury yields have started tapering off its strength at the start of this week, causing the USD to lose some of its gains as well.

The minutes of the FOMC meeting are scheduled to be released later today, and this is expected to lend some measure of volatility to the GBP/USD pair even though the minutes are expected to confirm market speculations of an impending Fed rate hike this coming December, as well as give a general overview of the Fed’s future interest rate hikes. However, this could also induce a drop in the value of the USD once the minutes give the opposite of the market expectations.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 23, 2016 8:05 am


EUR/USD Fundamental Analysis: November 23, 2016

The EUR/USD pair was expected to remain within the 1.0600-1.0650 trading range due to reports of large-scale options placed within this particular region and will remain until the options expire. The options within this range are scheduled to expire within the day and the minutes of the FOMC meeting are set to be released today, and the market is expecting an increase in the volatility of the EUR/USD pair which could possibly extend for the next few days.

There has been no major economic releases from the eurozone or the US from these past few days, and options players wielded their power during this period of low activity by attempting to control the financial market in order to safeguard their option entries. Unless other market players would have a good grasp on these very recent developments in the market, they might not be able to have a full understanding of the market movements during these past trading sessions.

For today’s session, the market is expecting quite a number of economic data to be released, such as the oil inventory data and unemployment claims data from the US. However, majority of market players are now waiting for the FOMC minutes which is scheduled to come out any time during the New York session. The market has a 95% expectation percentage for the December Fed rate hike, and the minutes from the FOMC is expected to confirm this particular speculation. Aside from confirmation of the rate hike, market players are also expecting to get hints regarding future rate hikes from the Federal Reserve. If the data fails to meet market expectations, then the USD could lose its strength and drop significantly.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Wed Nov 23, 2016 8:59 am

USD/JPY Technical Analysis: November 23, 2016
The Japanese yen increased in value following the news release regarding the earthquake that hit the country, but quickly retreated after the Bank of Japan released a statement saying that the Japanese economy is still well on its way to improvement. The JPY remained within a tight trading range around multi-month highs during Tuesday’s trading session, with the pricing of the USD/JPY pair staying within the 110.00-110.50 region for the rest of the day. The currency pair was able to trade above its moving averages in its 4-hour chart, with the moving averages sustaining their bullish trend.
Resistance levels for the USD/JPY pair are expected to be at 112.00 points, while support levels for the pair are expected to come in at the 111.00 trading range. The MACD indicators for the currency pair weakened, indicating a drop in buyer positions. Meanwhile, its RSI indicators remained within the overbought territory. If the USD/JPY pair manages to sustain its bullishness, then the next short-term aim for the pair is located at 112.00 points. If the USD/JPY pair manages to go beyond this particular level, then the currency pair is expected to extend its gains towards the 113.00 trading range.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 24, 2016 4:47 am


EUR/USD Technical Analysis: November 24, 2016

The EUR lost some of its value as the US dollar continued its strengthening streak especially after the release of the minutes of the FOMC meeting, which indicated a heightened possibility of a Fed rate hike in December. The euro continued weakening during Wednesday’s trading session but experienced a slight surge and tested at the 1.0650 during the Tokyo session. However, the EUR/USD pair experienced added downward pressure prior to the London session, where the pair’s value declined towards 1.0600.

The EUR/USD pair has managed to break through its 50 and 100 EMAs in its 4-hour chart but encountered rejections immediately after going through its moving averages. The 50 EMA for the EUR/USD pair remains in the neutral territory, while the 200 and 100 EMAs were able to sustain its bearish stances within the trading session. Resistance levels for the EUR/USD pair is currently at 1.0600 points, while support levels are expected to appear at 1.0550.

The MACD indicators for the EUR/USD pair weakened, indicating a strengthening on the part of sellers. Meanwhile, its RSI indicators dropped as a result of the pair’s decreasing movement. Bears will have control over the EUR/USD until it is able to sustain the 1.0650 level, which is also the current bearish target. If the pair manages to go beyond 1.0650, then this could induce an upward direction for the currency pair.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 24, 2016 4:56 am


GBP/USD Technical Analysis: November 24, 2016

The USD continued its strengthening streak during Wednesday’s trading session, which put additional downward pressure on the GBP which still has yet to recover from the negative blows of the Brexit. Wednesday’s trading session saw sellers dominating the overall market, with traders immediately reaching support levels of 1.2400 and went beyond the support levels after the opening of the London session. Sellers then induced the pricing of the GBP/USD pair to further drop and hit its current support levels of 1.2300.

As exhibited in the 4-hour chart of the GBP/USD, the price of the currency pair reverted from its 100 EMA and was able to go beyond its 200 EMA. The 50 and 100 EMAs for the GBP/USD is pointing towards a downward direction, while the 200 EMA remains in the neutral territory of the 4-hour chart. Resistance levels for the currency pair are expected to be found at 1.2400, while support levels are expected to be at 1.2300.

The pair’s MACD indicators weakened, showing an increase in the strength of sellers. Meanwhile, its RSI oscillators are currently directed downwards. If the GBP/USD would be able to consolidate below the 1.2400 trading range, then its extensions are expected to go towards 1.2300.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 24, 2016 5:29 am

GBP/USD Fundamental Analysis: November 24, 2016
The sterling pound continues to be the sole currency that has survived the far-reaching effects of the USD’s recent surges since the GBP has continuously inched higher against the US dollar even during the US elections. The GBP/USD pair consolidated and range for the majority of yesterday’s sessions but the USD further increased during the opening of the New York session as economic releases from the US such as the Durable Goods data came out exceeding initial market expectations.
The GBP/USD pair initially plummeted towards 1.2350 points but recovered immediately and broke through 1.2400 and is currently resting just below the 1.2450 region. The GBP is currently on the strong side and should the USD exhibit weakness in the coming days, then the GBP/USD is expected to rise to 1.2600 and could possibly go higher.
The FOMC meeting minutes were released yesterday and has confirmed the possibility of a Fed rate hike this coming December especially since its members talked about the urgent need to increase interest rates as soon as possible. The minutes did not add much volatility to the market since it met initial market speculations. For today’s trading session, there are no important economic releases expected from both the US and the UK, and the currency pair is expected to further consolidate with bullish biases enabling it to sustain its position over 1.2400. Market players are slowly regaining their confidence in the sterling pound, and is expected to further increase in the coming sessions.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 24, 2016 7:20 am


USD/JPY Technical Analysis: November 24, 2016

The stock exchange in Japan was close due to the celebration of the Labor Thanksgiving Day. Furthermore, the market was influenced by external factors. The pair kept intact in an ascending channel pattern. The buyers were able to touch the 111.0 level, stopped and moved higher during the mid-EU session. The Gopher pushed the 111.0 region and bounced towards 112.00.

After the testing the aforesaid level, the price headed to the mark 113.00.

According to in the 1-hour chart, the price hovered on top of the 50-EMA throughout the trading day. The 50-EMA established a neutral stance, whereas both 100 and 200 EMAs moved upwards. Current resistance is found at 113.00, support hit the 112.00 level. The MACD indicator is placed at the midpoint. Should the histogram pierced the negative zone and implied the strengthening of the sellers. If the indicator returned to the positive territory, buyers have the power to dominate the market. RSI remained around the overbought readings.

When the USDJPY pair failed to extend its gains, there is a tendency for the risks to maximize where correction is really necessary. In line with this, seller's are able to stir prices near the 109.00 and 110.00. The further occurrence of the ongoing upward pressure will test the 113.00 level soon.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 24, 2016 8:44 am

NZD/USD Technical Analysis: November 24, 2016

The New Zealand currency appeared to be sluggish compared to its American counterpart. The greenbacks moved higher on the back of the latest data that indicated further strengthening of the United States economy.


The pair maintained a near-term bearish outlook. Sellers secured the 0.7100 region as it rejected prices downwards each time it tries to move on the upper side. Withdrawing from its daily high the kiwi had a downturn close to the 0.7050 region amid the post-European session on Wednesday.


The level run low towards the downward momentum shortly and it eventually breaks. The 50-EMA dropped the price as shown in the 4-hour chart. The moving averages is moving downbound. Resistance is found at 0.7050, support touched the 0.7000 level. The MACD histogram settled at the center point. If the indicator that enters the positive area, it implies improving the strength of the buyers. Contrarily, the negative territory will indicates sellers ability to handle the overall market.

RSI established within the neutral area. The NZD/USD is able to preserve a negative trend as long as it is placed down from the 0.71000. In case that the NZ currency jumped to 0.7050 the price is able to expand its gains reaching the 0.7100 region.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 24, 2016 10:50 am

November 24, 2016
DJIA, Russell 2000 Indices Extend Gains as US Economic Data Triggers Rise in Industrial Stocks
The Dow Jones Industrial Average index as well as the Russell 2000 index both experienced significant rallies as economic data releases from the region brought speculations that the US might be able to withstand the effects of the projected interest rate hike from the Federal Reserve which is set to happen in December. The DJIA reached record highs after going beyond 19,080 while the Russell 2000 continued its rallying streak for 14 consecutive days after rising by up to 0.5%. Meanwhile, industrial stocks such as Caterpillar Inc. surged by more than 1% as stated on the durable goods data and the 10-Year Treasury notes also increased in value.



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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 24, 2016 10:54 am


November 24, 2016

U.S Dollar Gained Much Power Even Before Trump’s Victory

The greens continuously rise after Donald Trump won the American presidential election. However, these upsurge angst companies that imports their products to other countries which caused few investors to place the full responsibility to Trump for they earning less than their average gains because the dollar is too strong.

Moreover, these complaints were on the deck before the new U.S President-elect take his position. The squawks from companies point out that the cause of low earnings is due to the issues regarding the stronger dollar. Some of the large companies that the currency brought headwinds into their firms include Apple, Alexion Pharmaceuticals, Kraft Heinz, Procter & Gamble and Whirlpool.

According to the research made by the Pavilion Global Markets that current stance of the dollar is the top reason why companies earned worse than their expectations, followed by issues concerning Brexit, election, the Fed, and wages.

Nevertheless, Jim Paulsen from Wells Capital Management said in an interview that he predicts that the greenbacks will experience a decline for 2017 because of the increasing inflationary expectations.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Thu Nov 24, 2016 11:04 am

November 24, 2016
Sluggish Trades Affect Germany’s Economic Growth
The economic growth of Germany slowed down by 0.2 percent in the third quarter even though both the government and consumer spending has significantly increased. Mainly due to the feeble foreign trading that brought an impact to Europe’s largest economy.
The Government spending rose by 1.0% while the Household spending climbed by 0.4%, both adding 0.2% to GDP economic growth. However, the net foreign trade deducted 0.3 percentage point from GDP growth since exports fell by 0.4% while imports ascended by 0.2%. This implies that the companies are withholding investments in the brink of low monetary policies of the European Central Bank.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Fri Nov 25, 2016 4:57 am

USD/JPY Fundamental Analysis: November 25, 2016


The USD had already hit its highest levels in eight months against the JPY after investors are still making adjustments to higher interest rates in the US, a booming economic market and market speculations that Donald Trump’s fiscal policies will cause inflation to surge, prompting the Federal Reserve to have interest rate hikes on a much frequent basis this coming 2017.

The increase in interest rates are expected to help in increasing the gap between the interest rate differentials of the US Treasury Bonds and Japanese Government Bonds, therefore making the USD more appealing for investors.
The USD/JPY pair closed down the previous trading session at 113.313 after increasing by +0.73% or 0.822 points. Thursday was a bank holiday for the US, and volumes clocked in at below average rates. This muted market volume is expected to be sustained until Friday since a lot of the major market players are not yet expected to return to the market until next week.


Since the USD/JPY pair closed off the Thursday session on a highly positive note, the currency pair is expected to continue its increase up until Friday. However, selling pressure could be limited since US banks are expected to remain spectators as of the moment.

For economic releases from Japan, the Tokyo Core CPI is expected to clock in at -0.4%, the same as last month’s data. Meanwhile, the National Core CPI is expected to come in at -0.4%, which is slightly lower than its previous reading of -0.5%. SSPI data is expected to remain at 0.3%, while the Bank of Japan Core CPI is expected to experience a slight increase of 0.3% as compared to last month’s reading of 0.2%. Major economic releases from the US include the Goods Trade Balance data, Flash Services PMI, and Preliminary Wholesale Inventories.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Fri Nov 25, 2016 5:02 am


GBP/USD Fundamental Analysis: November 25, 2016

The GBP/USD pair continued its consolidation and has remarkably sustained its momentum in the face of the USD’s constantly increasing value. Yesterday’s session saw the USD surging even higher as the market speculations for a Fed rate hike increased by up to 100% and has also begun to look ahead for 2017 when it comes to the frequency of interest rate hikes from the Fed. However, since these rate hikes will be dependent on the incoming government, the fate of the US market is yet unsure especially since the market has yet to see how the Trump administration would be handling things in the future.

The UK Autumn statement was released during yesterday’s session and has generally predicted a grim economic outlook for the UK for the next two years since this would be the period where the effects of Brexit would be largely felt by the economy. The growth forecast for the UK market was listed at 1.4% for 2017 and 1.7% for 2018 even though some market players are expecting the actual numbers to be much lower than expected.

The resilience of the GBP will be tested today since the UK GDP data is scheduled to be released during the European session and is expected to have a reading of 0.5%. Once the GDP data either exceeds or matches market expectations, then the GBP/USD could possibly break through 1.2500 and could easily test the 1.2600 region. However, if the data comes out on a much lower range, then the currency pair could drop to 1.2300 and could be subject to significant pressure from the market.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Fri Nov 25, 2016 8:33 am

EUR/USD Fundamental Analysis: November 25, 2016


The euro bulls made some strategic movement on Thursday and appear to keep on moving as of this moment. The U.S Thanksgiving celebration aided the euro since US traders were not present, the euro is able to execute their plans. The EUR bulls guarded the 1.0500 with all their strength in spite of the continuous strengthening of the dollars.


Subsequent to the presidential elections, the single currency was heavily hit by the power of the greenbacks as it made a downturn from its highs specified at 1.12 and lows are close to 1.05.

According to yesterday’s readings, the region centrally located in 1.0500 and 1.0060 is the most reliable support although the 1.0500 were already broken. In view of this, the investors, treasury and investment partnerships tend to secure the 1.05 area since a clear break were not able to perceive as the consolidation phase is expected to continue on top of the aforesaid region

Furthermore, there is no major economic news for today within the U.S and European regions and the EURUSD would keep a bullish sentiment throughout the day.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Fri Nov 25, 2016 8:36 am

USD/CAD Technical Analysis: November 25, 2016
The USD/CAD made an attempt to extend its gains in order to move higher to the 1.37 level and when a reversal occurred, the channel will breakdown to a lower side. The pair further rebounded from the psychological 1.3500 area as shown in the 1-hour chart. Therefore, this event arise the possibility for retesting the 1.3400 level of support and the hope for the dollar bulls to reacquire their position and pushed for a breakout on top of the trading range. The SMAs prevented the bears from moving forward.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Fri Nov 25, 2016 8:47 am


EUR/GBP Technical Analysis: November 25, 2016

The pair EUR/GBP has been on a lows for short-term trading. It testing within the range support that may rebound to the resistance level at .8560 level.

The 200-SMA was calculated to be higher than the 100-SMA that shows the lowest resistance is close to the bottom which could be set as Short-term resistance in the future.

The Stochastic indicates the buyers to be dominating the price trend but this can be reversed when it goes lower and entered the overbought area. Another consequence is the when the price breaks lower than the support level.

The Euro zone is performing well for this week as shown by the economic data where most results such as flash manufacturing and services PMIs gave positive numbers even higher than the target except for the German Ifo business climate that remains the same with 110.4 result lower than the target increase of 110.6.

The Autumn Forecast statement of the government has given a positive outlook for the investors in the middle of Brexit process. Furthermore, the chancellor has given a promising statement saying the pension benefits would not be released while there will be more infrastructure spending.

The U.K. second estimate of GDP will be publicized today and is expected to give the same output of 0.5%. Additionally, the preliminary business investment data will be released today and if there is a decline of 0.2% then this would not be good for the pound. However, if the numbers are high then this would be beneficial for the economy of U.K.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Fri Nov 25, 2016 10:24 am

November 25, 2016

Sluggish Economic Growth Supported by Economic Data



Japan undergoes slow growth reflected on the several economic indicators. Statistics from last year until early this year showed they have recovered but it is still not sufficient.
The industrial output slowed by 0.1 percent in October because of less foreign and local demand that affects production. The retail sales and household spending were also expected to slow down for 8 consecutive months after it declined by 1.2 percent and 0.6 percent respectively. The private consumption and unemployed also slowed down and moves at a steady rate.


There has been a positive results in the third quarter this year but a sustainable economic recovery is still questionable.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Fri Nov 25, 2016 10:51 am

November 25, 2016
Pound to Take A Break as Investors Sees a Longer Effect of Brexit

After the EU exit on June 23, the sterling had a 16 percent dip which is feasible for a huge adjustment on its economic status. Two of the most renowned Scotland-based investment company have conveyed their advice for the pound to give the pound a rest.
The Kames Capital and Standard Life Investments inferred that the aftereffect of the referendum would last a decade.
According to Andrew Milligan from the Standard Life company, the market valuates in advanced as they expected that the British economy would endure enormous changes. While Stephen Jones of Kames described the pound as the “whipping boy” of the forex market because this is the consequence from the unpleasant Brexit event.
At present, the financial situation of U.K had a worse progression which caused the pound to remain as one of the poorest performing currency among Majors, in general, followed by the Mexican peso.

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Re: Daily Market Analysis by ForexMart

Post by AppleFXMart on Fri Nov 25, 2016 11:02 am

November 25, 2016
Japanese CPI Data Records Longest Losing Streak since 2011, Drops for Eight Consecutive Months

The consumer prices data for Japan has again dropped for its eighth straight month, recording its longest losing streak since 2009-2011. This losing streak in the nation’s consumer data shows just how far Japan is from reaching its inflation target of 2%. The Bank of Japan’s primary inflation measurement, which is consumer prices minus fresh food, decreased by 0.4% last October as compared to its data from the same period last year. Consumer prices minus food and energy increased marginally and had a reading of 0.2% and was previously forecasted to come in at 0.1%. Consumer prices in general increased slightly by 0.1% with a surge in prices for fresh food making up for the drop in energy costs.

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