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Daily Market News By Xtreamforex.com

Discussion in 'Forex Daily News & Outlook' started by xtreamforex.com, Sep 14, 2016.

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    EUR / USD

    The EUR declined 0.32% against the USD on Friday and closed at 1.1157.

    The Euro was under pressure early in the prior week as sentiment surged towards the USD following some comments from the Fed’s Janet Yellen which suggested that the requirements for a rate hike had almost been met. Subsequently, it is salient to take a quick look at what occurred last week and what is potentially on the horizon for the pair.

    The pair is expected to find support at 1.1172 and fall through could take it to the next support level 1.1169

    The pair is expected to find its first resistance at 1.1180 and arise through could take it to the next resistance level of 1.1185
     
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    EUR/USD - Daily Market News

    The EUR rose marginally against the USD and closed at 1.1243,

    The pair is expected to find support at 1.1208, and a fall through could take it to the next support level of 1.1180.
    The pair is expected to find its first resistance at 1.1274, and a rise through could take it to the next resistance level of 1.1312.
    [​IMG]

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    EUR/USD - Daily Market News By XtreamForex

    The EUR declined 0.21% against the USD and closed at 1.1200. The currency pair is trading below its 20 Hr and 50 Hr moving averages.

    Germany’s producer price index unexpectedly dropped by 0.1% on a monthly basis in August, compared to market expectations for a flat reading and following a rise of 0.2% in the prior month.

    Macroeconomic data released in the US indicated that housing starts dropped more-than-expected by 5.8% on a monthly basis in August, to an annual rate of 1142.0K, dampening optimism over the health of the nation’s housing sector. Markets were anticipating housing starts to ease to a level of 1190.0K, compared to a revised level of 1212.0K in the previous month. Additionally, the nation’s building permits surprisingly fell by 0.4% MoM in August, to an annual rate of 1139.0K, compared to a revised reading of 1144.0K in the previous month.

    During Asian session the pair was trading at 1.1154, with the EUR trading marginally higher against the USD from yesterday’s close.

    The pair is expected to find support at 1.1128, and a fall through could take it to the next support level of 1.1101.

    The pair is expected to find its first resistance at 1.1197, and a rise through could take it to the next resistance level of 1.1239.

    All investors attention to the outcome of the Federal Reserve’s monetary policy meeting, scheduled to be held later today.
    [​IMG]
     
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    EUR/USD
    The EUR declined -0.09% against the USD today during asian session. EUR/USD market wasclosed at 1.1240 on Friday.

    The Euro-zone’s preliminary consumer price index (CPI) rose by 0.4% in septembe,2016.

    Today Investors will keep eye on Euro Markit manufacturing PMI and USA ISM Manufacturing PMI data.

    Daily Technical analysis shows the pair finds the immediate support is placed at 1.1174 below which 1.1114 and 1.1017 could be tested. On the other side the immediate resistance 1.1271 . A break beyond the last, doors will open for a test of 1.1309.

    In few hours two crucial data will be released..

    1. CHF Real Retail Sales (YoY)
    2. EURO – Zone’s Markit Manufacturing PMI
    3. USA ISM Manufacturing PMI
     
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    Daily Technical analysis

    EUR/USD

    Technical Overview:

    Prev. Close 1.1211
    Open 1.1211
    Day’s Range 1.1205 - 1.1216
    52 wk Range 1.0538 - 1.1616
    1-Year Return - 0.04%

    Support and Resistance:
    Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.1207 below which 1.1203 and 1.1199 could be tested. On the other side the immediate resistance 1.1215 and may go for further test 1.1219. A break beyond the last, doors will open for a test of 1.1223.

    Technical Indication: Strong Sell


    GBP/USD

    Technical Overview:
    Prev. Close 1.2836
    Open 1.2836
    Day’s Range 1.2829 - 1.286
    52 wk Range 1.2796 - 1.5513
    1-Year Return - 15.4%

    Support and Resistance:
    Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is placed at 1.2831 below which 1.2819 and 1.2806 could be tested. On the other side the immediate resistance 1.2855. A break beyond the last, doors will open for a test of 1.2867 and from there to 1.2880.

    Technical Indication: Strong Sell
     
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    EUR/USD

    Technical Overview:
    Prev. Close 1.1054
    Open 1.1054
    Day’s Range 1.1042 - 1.1068
    52 wk Range 1.0538 - 1.1616
    1-Year Return - 2.75%

    Support and Resistance:
    Daily Camarilla Technical analysis shows that, the EUR/USD pair may finds the immediate support at 1.1050 below which 1.1041 and 1.1033 could be tested. On the other side the immediate resistance 1.1066. If market breaks the immediate resistance then door will open for a test of 1.1075 and from there to 1.1083.

    Market Trending: Down


    GBP/USD

    Technical Overview:
    Prev. Close 1.2124
    Open 1.2124
    Day’s Range 1.2106 - 1.2319
    52 wk Range 1.1450 - 1.5513
    1-Year Return -20.09

    Support and Resistance:
    Daily Camarilla Technical analysis shows that GBP/USD pair finds the immediate support is at 1.2096 below which 1.2070 and 1.2043 could be tested. On the other side the immediate resistance 1.2150. If market breaks the immediate resistance then door will open for a test of 1.2176 and from there to 1.2203.

    Market Trending: Down

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    EUR/USD

    Technical Analysis Overview:

    Prev. Close 1.0986
    Open 1.0991
    Day’s Range 1.0961 - 1.0991
    52 wk Range 1.0538 - 1.1616
    1-Year Return - 0.32%


    Support and Resistance:

    Daily Camarilla Forex Technical analysis shows that, the EUR/USD pair may find the immediate support at 1.0982 below which 1.0980 and 1.0979 could be tested. On the other side the immediate resistance 1.0984 and may go for further test 1.0986. A break beyond the last, doors will open for a test of 1.0987


    Upcoming Economic News:

    1. EUR - German Retail Sales m/m at 10.00 AM

    2. EUR - CPI Flash Estimate y/y at 01.00 PM

    3. EUR - Core CPI Flash Estimate y/y at 01.00 PM

    4. EUR - Prelim Flash GDP q/q at 01.00 PM

    5. EUR - Italian Prelim CPI m/m at 01.00 PM



    GBP/USD

    Technical Overview:

    Prev. Close 1.2192
    Open 1.2187
    Day’s Range 1.2176 - 1.2215

    52 wk Range 1.1450 - 1.5498
    1-Year Return - 21.01%


    Support and Resistance:

    Daily Camarilla Forex Technical analysis shows that GBP/USD pair may find the immediate support at 1.2204 below which 1.2200 and 1.2197 could be tested. On the other side the immediate resistance 1.2210. A break beyond the last, doors will open for a test of 1.2214 and from there to 1.2217.


    Upcoming Economic News:

    1. GBP - Net Lending to Individuals m/m at 12.30 PM

    2. GBP - M4 Money Supply m/m at 12.30 PM

    3. GBP - Mortgage Approvals at 12.30 PM

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    USD/JPY
    Technical Overview:
    Prev. Close 104.14
    Open 104.14
    Day’s Range 103.67 - 104.17
    52 wk Range 99.08 - 123.69
    1-Year Return - 13.81%
    Support and Resistance:
    Daily Camarilla Technical analysis shows USD/JPY pair may find the immediate support at 103.69 below which 103.67 and 103.65 could be tested. On the other side the immediate resistance 103.73. A break beyond the last, doors will open for a test of 103.75 and from there to 103.77.
    Upcoming Important Economic News:
    1. USD - ADP Non-Farm Employment Change at 03.15 PM
    2. USD - Crude Oil Inventories at 05.30 PM
    3. USD - FOMC Statement at 09.00 PM
    4. USD - Federal Funds Rate at 09.00 PM


    USD/CAD
    Technical Overview:
    Prev. Close 1.3390
    Open 1.3390
    Day’s Range 1.3384 - 1.3402
    52 wk Range 1.2458 - 1.4692
    1-Year Return +2.24%

    Support and Resistance:
    Daily Camarilla Forex Technical analysis shows USD/CAD pair may find the immediate support at 1.3383 below which 1.3376 and 1.3369 could be tested. On the other side the immediate resistance 1.3397. A break beyond the last, doors will open for a test of 1 1.3404 and from there to 1.3411.

    Upcoming Economic News:
    1. CAD - Gov Council Member Wilkins Speaks at 08.30 PM
     
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    EUR USD Forecast For the Week 07 to 11 November,2016
    EUR/USD recovered at the beginning of November. EUR/USD had a highly productive time last week as it climbed to its highs over the last 3 weeks. It was largely helped by the weakness in the USD across the board as global risks continued to dominate the headlines. Euro-zone inflation remains subdued. Despite a rise in the headline CPI, core inflation did not budge, causing a headache for the ECB. GDP growth was OK as 0.3%, but also failed to excite. In the US, the FED and the NFP had their word ahead of the elections. Clinton remains in the lead, albeit a narrower one, due to the FBI Effect. The US Non-Farm Payrolls were quite upbeat, with the biggest gain in wages since 2009, but markets focus on the elections.

    EUR USD Technical Forecast:
    Previous week close 1.1138
    Current Week Open: 1.1061
    Today’s Market Range: 1.1055 - 1.1141
    52 wk Range: 1.0538 - 1.1616

    Support and Resistance Forecast:
    S 1: 1.1119
    S 2: 1.1099
    S 3: 1.1080

    R 1: 1.1157
    R 2: 1.1177
    R 3: 1.1196
     
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    Daily Forex Market News 10/11/2016

    EUR USD Market News

    Today forex technical market news shows EUR market decreased -0.99% against the USD yesterday. EUR USD market closed at 1.0910. Today market will range 1.0909 – 1.0953.
    Today the EUR / USD started at 1.0910 in Asia, down from yesterday close. The EUR USD is trading now at 1.0945, which is 0.30% up from today’s opening price.
    EUR/USD retreated 0.83% to 1.0935, off a two-month peak of 1.1300 hit overnight.
    The dollar initially plunged after Trump was declared the 45th U.S. President, confounding expectations for a Democratic victory.
    Trump received a call from his opponent Hillary Clinton to concede the presidency, after he clinched victories in the key battleground states of Florida, North Carolina and Ohio.
    Following the market news, European Central Bank Governing Council member Ewald Nowotny said the ECB is ready to intervene in markets in an emergency.

    Read More Newshttps://www.xtreamforex.com
     
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    EUR USD Technical Analysis 23rd November, 2016
    Technical Analysis Overview:

    Prev. Close 1.0625
    Open 1.0625
    Day’s Range 1.0622 – 1.0635
    52 wk Range 1.0538 – 1.1616
    1-Year Return – 0.01%

    Technical Support and Resistance

    In terms of EUR USD Technical analysis the EUR/USD pair will find its immediate support at 1.0619. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0612 and 1.0604. On the other side the market has immediate resistance 1.0633. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0640 and 1.0648.

    Expected trading range for today is between 1.0622 supports and 1.0635 resistances.

    Along with technical analysis following economic event is very important to analyze the financial market properly.

    Upcoming Important Economic News in EUROPE: (GMT +2)

    1. French Flash Manufacturing PMI at 10am
    2. French Flash Services PMI at 10am
    3. German Flash Manufacturing PMI at 10.30am
    4. German Flash Services PMI at 10.30am
    5. Flash Manufacturing PMI at 11am
    6. Flash Services PMI at 11am
    7. German 10-y Bond Auction ( all day long)

    Read More news : https://www.xtreamforex.com/
     
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    NZD USD Forecast for the Week 28th November, 2016

    The NZD traded against USD in a narrow rage and trying to recover from 0.70. The RBNZ sticks out in the first week of the last month. Here is an NZD USD forecast for the week of 28th November and undated technical analysis.
    The US dollar continued to move higher on the “Trump effect”, but this wasn’t as stark as previously seen. In New Zealand, the trade balance deficit squeezed to 846 million, better than predicted and also credit card spending accelerated. However, core retail sales fell short.
    There are 4 major economic events will come this week for NZD USD pair.
    1. RBNZ Financial Stability Report
    2. ANZ Business Confidence
    3. Graeme Wheeler talks
    4. Overseas Trade Index

    NZD USD Forecast: Technical Overview
    Previous week close: 0.7044
    Current Week Open: 0.7053
    Today’s Market Range: 0.7034 – 0.7090
    52 wk Range: 0.6346 – 0.7487
    1-Year Return: 8%

    Weekly Support and Resistance Forecast
    S 1: 0.7032
    S 2: 0.7021
    S 3: 0.7010
    R 1: 0.7054
    R 2: 0.7065
    R 3: 0.7076

    Read More : https://www.xtreamforex.com
     
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