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Daily Fundamental Report By olofx.com

Discussion in 'Fundamental Analysis' started by olofx, Jan 27, 2014.

  1. olofx

    olofx New Member

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    Fundamental Analysis 27/01/2014
    CURRENCIES
    The Euro (1.3687) checked the major tendency decider grade of 1.3750. It should shatter overhead 1.3750 to extend the rally or else the bears may come down very strongly one time again.
    Dollar-Yen (102.40) has reached nearer to the foremost support level of 101.50-101.90, below which the end of the bull market will be signaled.
    The Euro-Yen traverses (140.13) may continue the weakness farther to 138.60-139 as long as it stays below 141.50.
    The Cable (1.6499) is a relative outperformer and may trade in the variety of 1.6350-1.67 for some time more.
    The Aussie (0.8704), strike by the feeble Chinese PMI, is suspending to the major support of 0.87 precariously and could be in hazard of glimpsing a meltdown in the direction of 0.8500.
     
  2. olofx

    olofx New Member

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    Fundamentals Reports 29-01-2014

    The Euro (1.3663) is not doing much after testing the foremost tendency decider grade of 1.3750. It must shatter above 1.3750 to extend the rally or additional the bears may arrive down very strongly once afresh. foremost move is anticipated only after the broader variety of 1.3500-1.3750.

    Dollar-Yen (103.13) has rebound from the major support grade of 101.50-101.90 but for the strength to come back, it should shatter overhead 103.70-90 and 105.

    The Euro-Yen traverse (140.87) is close to the opposition of 141.50 overhead which the major provide zone of 142.25-50 is waiting. It may continue the flaw farther to the foremost demand zone of 138.60-139 as long as it resides underneath 142.50.The bounce doesn’t gaze very powerful functionally.

    The Pound (1.6580) is a relative outperformer and may trade in the variety of 1.6350-1.67 for some time more.

    The Aussie (0.8806) has rebound from the major support of 0.87 but must go overhead 0.89 to make it significant. else, it could be in danger of glimpsing a meltdown in the direction of 0.8500.
     
  3. olofx

    olofx New Member

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    Fundamental Analysis 30/1/2014

    CURRENCIES
    The Euro (1.3651) is mirroring the identical indifference to global events as the Dollar index after testing the foremost trend decider level of 1.3750. It should shatter overhead 1.3750 to continue the rally or additional the bears may arrive down heavily one time again. foremost move is anticipated only after the broader variety of 1.3500-1.3750.
    Dollar-Yen (102.18) is checking the bull market characterising support grade of 101.50-101.90 but for the strength to come back, it must shatter overhead 103.70-90 and 105.
    The Euro-Yen traverse (139.48) was rejected sharply from our opposition of 141.50 to come to our goal of 139 as the feeble structure cited before displayed its true hue. The fall may extend to 138.45 and 137 underneath that while residual underneath 141.50.
    The Pound (1.6557) remains in its own world as a comparative outperformer and may trade in the variety of 1.6350-1.67 for some time more.
    The Aussie (0.8732) has rebound from the major support of 0.87 but should proceed overhead 0.89 to make it significant. else, it could be in hazard of seeing a meltdown in the direction of 0.8500.
     
  4. olofx

    olofx New Member

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    Fundamental Analysis 31/1/2014

    The Euro (1.3550) accelerated its drop to check the important support zone of 1.35-1.3540 after failing to break overhead the foremost trend decider grade of 1.3750 in line with our expectation. A shatter underneath 1.35 may pull it down to 1.33 and 1.31 fast.
    Dollar-Yen (102.18) is consolidating beside the bull market characterising support level of 101.50-101.90 but for the strength to come back, it should shatter overhead 103.70-90 and 105.
    The Euro-Yen traverse (139.23) was rejected harshly from our opposition of 141.50 to come to our goal of 139 as the weak structure cited before showed its factual hue. The drop may continue to 138.45 and 137 underneath that while residual underneath 141.50.
    The Pound (1.6480) remains in its own world as a relative outperformer and may trade in the variety of 1.6350-1.67 for some time more.
    The Aussie (0.8796) has rebound from the foremost support of 0.87 but should proceed overhead 0.89 to make it significant. else, it could be in hazard of seeing a collapse towards 0.8500.
     
  5. olofx

    olofx New Member

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    Fundamental Analysis 3/02/2014

    The Euro (1.3550) indicated a move in the direction of 1.33 and even 1.31 as it has broken the significant support zone of 1.35-1.3540 after falling short to shatter overhead the foremost tendency decider grade of 1.3750 in line with our anticipation. The bearish impetus may boost underneath 1.3450 while any possible rebound may face good trading force.
    Dollar-Yen (102.37) is consolidating beside the bull market characterising support grade of 101.50-101.90 but for the strength to come back, it must break overhead 103.70-90 and 105.
    The Euro-Yen Cross (138.03) accomplished our first goal of 138.45 and made a reduced very close to our second target of 137. Holding this reduced of 137.45, it may try to rebound in the direction of 139.50 but all rallies are expected to be sold into.
    The POUND (1.6424) remains in its own world as a comparative outperformer and may trade in the variety of 1.6350-1.67 for some time more.
    The Aussie (0.8746) has bounced from the foremost support of 0.87 but must go overhead 0.8830 and then 0.89 to make it significant. else, it could be in hazard of glimpsing a meltdown in the direction of 0.8500.
     
  6. olofx

    olofx New Member

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    Fundamental Analysis 4/02/2014

    The Euro (1.3511) is checking the opposition zone of 1.3540-75 now after it indicated a move in the direction of 1.33 and even 1.31. The bearish momentum may increase underneath 1.3450 while any likely bounce may face good selling force.
    Dollar-Yen (101.24) is firmly trading below the bull market characterising support grade of 101.50-101.90 to signal the accept market. Staying underneath 102.50-103.50, we may glimpse a excursion in the direction of 98 in the coming days.
    The Euro-Yen traverse (136.88) achieved our second target of 137 too and got nearer to the major support of 135. No sign of power is evident yet and all rallies may face good trading force.
    Even the cable (1.6302) could not escape this carnage and dwindled to 1.63, below which a fall to 1.6175-1.62 is likely. A shatter of 1.617 would open a gigantic downside.
    The Aussie (0.8757), currently beaten blue and black, is somewhat unscathed after it has bounced from the major support of 0.87 but must proceed overhead 0.8830 and then 0.89 to make it significant. Otherwise, it could be in hazard of seeing a collapse in the direction of 0.8500.
     
  7. olofx

    olofx New Member

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    The Euro (1.3706) managed to break above 1.3690 to reach closer to the major resistance of 1.3750, above which it may rally quickly towards 1.38-1.39 but at this point, the strength looks a bit suspect. Failing to break and sustain above 1.3750 could take it to 1.36 again before further rally.
    Dollar-Yen (101.95) has come lower as expected but the momentum is lacking. Though staying below 101.60-102 may take it lower but keep an eye for any sudden attempt to rally, especially if it manages to break above 102.20-25..
    The Euro-Yen Cross (139.73) has to break and stay above 140.40 to rise further towards 142. Otherwise it may correct to 138 before any more rally. It has bounced from a major monthly trendline support at 136.20 to break above 138 to negate any immediate fall.
    Pound (1.6727) has signaled the next phase of the major uptrend has resumed and now it has reached our first target of 1.6750. It may reach 1.69-1.7050 next. All the dips till 1.6460-10 may be bought into.
    The Aussie (0.9064) is close to our major resistance of 0.91 again after bouncing from 0.8925 levels in line with our expectation with a positive bias but the strength remains suspect until 0.91 is broken above. Below 0.8925-0.89 it may reach 0.8830-0.8730.
     
  8. olofx

    olofx New Member

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    Daily Fundamental Analysis
    11/03/2014
    The yen remained trapped in narrow ranges in Asian trade on Tuesday after the Bank of Japan stood pat and gave no indication that further easing steps were in the cards yet.
    Data on Monday underscored the economic recovery remains fragile. Japan posted a record current account deficit in January, and its fourth-quarter gross domestic product growth was revised down, suggesting the effects of the BOJ's easing might have already begun to wane. A Reuters poll last month showed economists expect the BOJ to ease policy further around the middle of the year, as they say it will otherwise be difficult to meet the bank's 2 percent inflation target. The dollar and euro slow against the Japanese currency, nearly flat on the day. The greenback bought 103.30 yen, after wavering in a 103.20-103.43 yen range, while the single currency changed hands at 143.22, after trading between 143.08 and 143.44.
    The dollar was little changed against major currencies, supported by hopes U.S. job growth would pick up in the wake of last week's mildly encouraging report on hiring and as tension over Ukraine remained contained. The dollar index was barely changed against a basket of major currencies inching up slightly to 79.804.
    The EUR/USD edged down about 0.1 percent to 1.3865 but remained not far from a 2-1/2-year peak of 1.3915 touched on Friday. The euro's resilience held up even as the crisis in Ukraine continued. A pro-Russian force opened fire in seizing a Ukrainian military base in Crimea on Monday and NATO announced reconnaissance flights along its eastern frontiers.
    The Australian and New Zealand dollars showed noticeable resilience on Tuesday after worries about China's economy hit commodity prices hard. The AUD/USD often used as a liquid proxy for China plays because of its sensitivity to developments in Australia's largest export market, was up about 0.1 percent at 0.9021.Support for the Aussie is seen around 0.9000, then 0.8985 with resistance at 0.9070 according to analysts.
     
  9. olofx

    olofx New Member

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    Daily Fundamental Analysis

    Market Recap: Stocks edged lower in the absence of any economic catalysts. Treasuries advanced, helped by a weakness in the German bond market. The dollar rose on softness among other major currencies. Crude fell on profit booking ahead of inventory reports and gold fell to nearly 4-month lows.
    Stocks ended down slightly on Wednesday as an absence of economic catalysts put technicals in focus, with the S&P 500 ending the session just shy of a third straight record closing high. The S&P 500 also broke a four-day streak of gains. The S&P utilities index rose 0.49 percent to 213.97. U.S.-traded shares of Canadian drugmaker Valeant Pharmaceuticals fell 2.25 percent. Allergan fell 5.39 percent. Shares of Toll Brothers rose 2.08 percent. Michael Kors climbed 1.34 percent. DSW lost 27.37 percent after the company missed estimates on its results and outlooks. The Dow fell 0.24 percent. The S&P 500 fell 0.11 percent. The Nasdaq dropped 0.28 percent.
    Yields on benchmark 10-year notes dropped to their lowest in nearly 11 months, undermined by falls in the German bond market following weak data and more month-end buying from institutional investors. The Treasury Department sold $35 billion in five-year notes at a high yield of 1.513 pct and $13 billion in 2-year floating rate notes at a high yield of 0.063 pct. The bid-to-cover ratio was 2.73 and 4.69 respectively. Benchmark 10-year notes were up 22/32 to yield 2.44 percent. 30-year bonds were up 1-14/32 to yield 3.29 percent.
    The dollar climbed, extending a rally that began last week as the euro and sterling slipped beneath recent lows that may signal more gains for the greenback. The euro dropped 0.29 percent to $1.3593. The dollar against the yen was down 0.12 percent at 101.85 yen. The British pound was off 0.57 percent to $1.6713. The dollar index was up 0.26 to hit 80.56.
    Crude fell as traders took profit ahead of inventory reports that were expected to show a build in crude. U.S. commercial crude oil stocks and refined product inventories were expected to have risen in the week to May 23, a preliminary Reuters poll of eight analysts showed. The survey forecast crude oil stocks to have increased 500,000 barrels last week. Oil fell 1.18 percent to $102.88 a barrel.
    Gold fell to its lowest in nearly 4 months, extending the previous session's two-percent sell-off, as the dollar rallied against the euro and stock markets held near recent record highs. Spot gold fell 0.39 percent to $1,258.51 an ounce having earlier hit $1,255.66, which marked its weakest since early February. Gold futures for June delivery were down 0.54 percent at $1,258.70 an ounce.
     
  10. olofx

    olofx New Member

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    Daily Fundamental Analysis

    Market Recap Stocks advanced and benchmark Treasury yields edged up as traders bet on growth in the second-quarter even as the dollar fell broadly on weaker-than-expected GDP data. Oil rose after a sharp drop in gasoline stocks and gold slipped.
    The S&P 500 index scored its third record closing high in four sessions on Thursday as traders shrugged off data that showed the economy contracted in the first quarter and bet on improvement in the second quarter. The gains were supported by a re-port showing the number of Americans filing new claims for un-employment benefits fell more than expected last week, pointing to a strengthening labor market. Hillshire Brands shares surged 17.73 percent. Tyson Foods rose 6.14 percent. Palo Alto Networks jumped 5.27 percent a day after it reported better-than-expected quarterly revenue as it added more customers, and said it settled patent litigation with network gear maker Juniper Networks. Apple shares gained 1.82 percent. The Dow rose 0.39 percent, the S&P 500 gained 0.53 percent and the Nasdaq added 0.54 percent.
    Benchmark Treasury yields inched up from 11-month lows as data showed the U.S. economy shrank for the first time in three years in the first quarter but did not alter the view of a solid re-bound this spring. The Treasury Department sold $29 billion in 7-year notes at a high yield of 2.01 pct. The bid-to-cover ratio was 2.60. Benchmark 10-year notes traded down 6/32 to yield 2.46 percent. 30-year bonds fell 19/32, yielding 3.32 percent.
    The dollar eased and finished down against other major currencies as traders shrugged off government data showing America’s economy shrank at a 1 percent annual rate during the first quarter. The euro rose 0.10 percent at $1.3602. The British pound increased 0.04 percent against the dollar at $1.6716. The Australian dollar touched a high of $0.9312 and was last at $0.9300, up 0.70 percent for the day. The dollar index was off 0.09 percent at 80.50.
    Crude rose after government data showed a sharp drop in gaso-line stocks that outweighed a build in overall crude stocks, while Brent was buttressed by the loss of most supply from Libya and geopolitical risk in Ukraine. "We didn't get as big a build as was in the API data, so the (oil futures) market has stabilized after some profit taking," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut. "The primary driver behind the recent run up of U.S. crude above $100 was the geopolitical risk of supply disruption." Oil rose 0.80 percent to $103.54 a barrel.
    Gold eased but bounced off its lowest level in nearly four months after data showed the U.S. economy contracted in the first quarter for the first time in three years. Analysts said gold prices should find support in an oversold market, but the precious metal will likely face more headwinds from better overall economic conditions. Spot gold was down 0.19 percent to $1,255.70 an ounce. Gold futures for June delivery fell 0.31 percent to $1,255.40 an ounce.
     
  11. farhan khan

    farhan khan New Member

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    Silver on MCX settled up 1.63% at 40909 as Comex Silver hit a three-week high of $17.33 an ounce, up 1.8 percent, after climbing nearly 4 percent in the previous session, its biggest one-day gain since April 19 supported by falling U.S. Treasury yields and world equity markets, and the outlook for U.S. interest rates.
     
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