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Forex Analytics By Forexmart

Discussion in 'Forex Daily News & Outlook' started by Sansa FXMart, Jan 6, 2016.

  1. Sansa FXMart

    Sansa FXMart New Member

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    Hello, forum members!

    My name is Sansa, a representative from ForexMart. Me and my colleagues will provide you the latest Forex analytics on this thread to help you increase your trading efficiency. Thank you!
     
  2. Andrea FXMart

    Andrea FXMart Member

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    Fundamental Analysis: January 11, 2016

    The Chinese stock exchanges trading suppression and low-priced oil has been the main factors that supported the euro and yen as the Chinese market subsides much more than 7%. Amidst the international market's negative perception, the Fed vulnerable minutes and also the poor labor market data, the dollar still undergone hardships by means of an advancement. The US provided employment outside the agrarian sector deliverance. The statistics show that the quantity of employees reached 295 thousand, much higher than the expected 200 thousand.

    The conflict between the major rivals which is the euro and the dollar still proceeded. We have an idea that the present growth of euro appears to be more similar to a short-term rectification whilst the dollar stays on a horse. The currency pair was given nearly no support from the macroeconomic data which had the compounded background. The EUR/USD pair heightened by the end of the trades.

    In the midst of the main currencies, the pound was the primary outsider. For 11 years, the oil prices fall over poorly wherein the Cable has been entirely responsive to it lately. Generally, the pair stays beneath sturdy pressure, though the Sterling was somewhat corrected after the poor US data. The trade balance is -10,64B against the forecasted -10,50B according to the UK. The pound/dollar pair finished the trades with a decline.

    Concurrently, Japan did not bring out essential reports. The main driver for the yen is the dollar dynamics. The USD/JPY pair aggressively dropped by the end of the trading day.
     
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  3. Andrea FXMart

    Andrea FXMart Member

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    Technical Analysis for USD/JPY: January 12


    In the onset of 2016, the tension in the global economy comes up frequently as the Yen stabilizes. Remarkably, the commodity currencies have been impaired sharply while the JPY has increased by ~2.5% to begin the year against US dollar. The global economy is in a vague state as well as the USD/JPY pair. Many look forward to a rally in risk, though it is just a temporary rally since we have been trained like Pavlov's dog to hope for a rebound when disfavor of risk takes place in equities and JPY. Nevertheless, the Fed is finished mitigating and is indeed being strict. And the veracity about China is that we can not anticipate how unpleasant things are over there with assurance.

    The main point is, USD/JPY has reflected a habit of triangulating. This may not be an issue for short-term traders who are enthusiastic on daily targets and nullification levels. Nevertheless, multi-month triangle pattern can be disappointing and worth keeping away from or making a shorter-term trading plan. If a triangle should play out once more, support should grasp at the August 24 low of 116.07 whilst the upside raise towards 61.8% retracement of the November-January range were close to 121.75
     
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  4. Andrea FXMart

    Andrea FXMart Member

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    Technical Analysis for CAD/JPY: January 15

    The currency pair CAD/JPY had a drawback and is currently experiencing resistance at the level of 82.25 zone, since it hitted support around the 81.50 level. This is not totally surprising, whereas it's right smack at a previous support, 38.2% Fibonacci retracement level and 100 SMA roadblocks. Expecting the Canadian dollar to make more losses against the yen? In case you assume that CAD/JPY is set to generate new lows, a small trade with stops on top of the SMA could give you satisfactory pips. However,provided that you are one of the Canadian dollar bulls, you might as well wait for a break over the SMAs on the 1-hour time frame.
     
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  5. Andrea FXMart

    Andrea FXMart Member

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    Technical Analysis for AUD/USD: January 18


    The disturbance in the Chinese equity indices and economy led the currency pair AUD/USD to close aggressively low in the past week. Added pressure on the commodity-linked currencies like Aussie was given by the descending crude oil prices. Other way to put it is investors were shedding risky assets.

    In the past week, the selling pressure was sturdy enough to take out the September primary lowest point at .6908. The pair is being carried away by news thus short-covering can happen at any time. January 28, Monday is a U.S. bank holiday, hence, this could support and harm volatility.

    Traders in the U.S will get an opportunity to respond to news from China late Monday or early Tuesday for everyone else. China will provide its recent quarterly report of Gross Domestic Product. It is anticipated to reflect an economy growth at a rate of 6.9%. From 6.2% to 6.0%, the Industrial Production is expected to reflect a minimal depreciation. Meanwhile, at 10.2%, fixed asset investment is expected to stay constant.
     
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  6. Andrea FXMart

    Andrea FXMart Member

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    Fundamental Analysis: January 19, 2016

    Though the volatility of the foreign exchange market heighten last week, it decreased on Monday. Other world stock exchanges fall down in the aftermath of the aggressive reduction of the oil price which became the primary volatility driver. In any case, the reports of the US haven't gone neglected. The statistics of the retail sales were exceedingly unsteady which cause the increase of pressure on the dollar. By 0.1% m/m, the retail sales decreased in December against the report of 0.0%, whereas the preceding value was 0.2%. The anticipated deceleration of the industrial sector business was 4.0 while its activity index dropped from 6.21 to 19.37.

    There was a minimal volatility throughout the American session in the aftermath of Martin Luther King Day celebrated in the United States.

    The Euro zone satisfied the market with a stable statistics of the trade balance. For more than 23.6 billion Euro, the net exports heightened in November which is only 17.4% the year before. In October 2015, the development rate of the trade surplus continue to exist at 7.58%. For the Gross Domestic Product of the Euro zone, the advancement of the development rate is a positive factor. The currency pair EUR/USD reduced a bit.

    Traders spend much awareness to the debt market dynamics as there were no significant macroeconomics data issued in the UK. Comparative to their US and German counterparts, the 10-year UK government bonds yield has been declined, therefore leaving pressure on the pound. The growth of the GBP/USD pair subsequently reduced by the end of the trades.

    Traders would rather choose Japanese yen as a funding currency while refraining from venturing into the risky assets. Nevertheless, the USD/JPY pair reflected a little bit growth on Monday.

    EURUSDH4new.png
     
    #6 Andrea FXMart, Jan 18, 2016
    Last edited: Jan 19, 2016
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  7. Andrea FXMart

    Andrea FXMart Member

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    Technical Analysis for EUR/USD: January 20

    The long-established safe-haven assets stayed even out of support. The Euro unsuccessfully lengthen its Friday gains. The pair signified an increase only by the end of the trades. When the Cable attempted to regain, the pair declined earlier assuming that there is a further pressure from the EUR/GBP cross dynamics which had displayed a marked decline. The Eurozone escalation increased in line with the expectations in December as stated by the Eurostat. From 0.1% in November, the escalation increased to 0.2% in December. The value correlates with the fundamental evaluation.

    The initial support occurs at 1.0925 and then at 1.0800. The initial resistance lies at 1.1050, the succeeding one is at 1.1150.

    There is an unconfirmed and a sturdy buy signal. The price is over the Ichimoku Cloud and it is on top of the Chinkou Span. The Tenkan-sen and the Kijun-sen reflect a straight motion and establish a "Dead Cross". The ascending motion will be until the price is on top of the Cloud. The MACD indicator is in a definite state and the price is increasing.

    Trading recommendations

    The pair may move to 1.0800 and 1.0730 soon and the descending motion will proceed.
    EURUSDH420.png
     
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  8. Andrea FXMart

    Andrea FXMart Member

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    Technical Analysis for EUR/USD: January 21

    The core Consumer Price Index increased by 0.9% y/y while the Euro zone monthly expansion rate continued to be invariable. We make a certain conclusion that the opposite nature of current statistics may expound the inability of the euro to show any activity. Moreover, traders are expecting for today's ECB meeting. The Euro zone have not issued any forecast except for the German producer price index which is at 0,5% versus the reported 0,4%.

    The initial support occurs at 1.0800 and at 1.0730 subsequently. The initial resistance takes place at 1.0925 and at 1.1050 afterwards.

    A buy signal is confirmed and sturdy. The price is on top of the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen shows a straight motion and the Kijun-sen reflects an ascending motion and form a "Golden Cross". The ascending motion will be until the price is on top of the Cloud.

    The MACD indicator is in a positive area. The price is retrieving.

    Trading recommendations

    We think that the expansion will carry on now. The first target is at the level of 1.0925, and then 1.1050 and 1.1150 subsequently.

    EURUSDH421.png
     
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  9. Andrea FXMart

    Andrea FXMart Member

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    Technical Analysis for GBP/USD: January 22

    The oil dynamics has totally a heavy impact on the world markets in the past years. We think that the GBP/USD is one of the pairs that experiences difficulty from the "black gold" reduction the most. An utterly excellent UK labor market statistic unsuccessfully handed out a rigid support to the Cable because of the strong pressure on the pound.

    The first support occurs at 1.4160 and at 1.4080 subsequently. The first resistance takes place at 1.4240 and at 1.4320 subsequently.

    A sturdy sell signal has been established. You can find the Sterling under the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen signifies a horizontal motion while the Kijun-sen reflects a descending motion. The descending motion will be until the price is beneath the Cloud.

    The MACD indicator is in a negative location. The price is retrieving.

    Trading recommendations

    The pair can interrupt the resistance level of 1.4240, and if this happens, buyers may move to 1.4320.

    GBPUSDH422.png
     
  10. Andrea FXMart

    Andrea FXMart Member

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    Forecast for EUR/USD: January 25 - 31


    The monetary policy remained the same by the ECB in line with assumptions. Concurrently, the ECB is all set to alleviate policy on the back of debilitating inflation and economic development according to Mario Draghi. He said that such action is viable already for the next meeting in March. The oil prices and the anticipations of the appearing economies will portray the vital role in the regulator's decision.

    It seems that the ECB President has managed to convince his comrades from the Governing Council that supplementary measures are requisite due to the instability of global economic actuality. We received the corroboration that the ECB do not have the desire to allow EUR/USD head beyond 1.10.

    We can not tell that all the support for the Euro has gone as there were still buyers at the support levels, even though the Euro was sold on Draghi's statement. Putting up the Euro for sale on its trial to regain is the best strategy for an extended time from now. Simultaneously, negative pressure on the Euro will probably strengthen at the coming week on the possible break in the market's objection of risk and separation in monetary policy in the midst of ECB and the Fed.

    The decrease of EUR/USD beneath 1.0780 (lowest point of the daily Ichimoku Cloud) paves the way down to 1.0700 and 1.0650. Resistance is at 1.0950 and 1.1000.

    EURUSDD25.png
     
  11. Andrea FXMart

    Andrea FXMart Member

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    Technical Analysis for USD/JPY: January 26

    Last week. The S&P 500 (Standard & Poor's 500) index tried out the lowest levels of 2015 which we have seen a sturdy demand and the increase of price. As a funding currency, it has been a negative factor for Japanese yen the expanded demand for "risky assets". The US stock energy sector has been put through leaders due to the fleet oil quotations.

    The first support occurs at 118.40 and at 117.80 subsequently. The first resistance stands at 119.20 and at 120.40.

    A sturdy buy signal has been established. The price is over the Ichimoku Cloud and it is on top of the Chikou Span. An ascending motion creating a "Golden Cross" is made by Tenkan-sen and Kijun-sen. The ascending movement will be until the price is over the Cloud.

    The MACD indicator is in a negative area. The price is increasing.

    The pair can head to the resistance level of 119.20. If this happens, a further growth towards 120.40 is possible.
    USDJPYH426.png
     
  12. Andrea FXMart

    Andrea FXMart Member

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    Technical Analysis for EUR/USD: January 27


    A negative factor for the solitary European currency was the downfall of the IFO indicator to its bottommost level for eleven (11) months. Its negative statistics stimulates the market as it is nearly connected with the German Gross Domestic Product dynamics. A constant displeasure felt by the traders is an aftermath of deceleration of the German economic development.

    And also, take notice of the insurgence of negativity in the mechanical engineering and automotive industry primarily given by low exports.

    The initial support occurs at 1.0800 and at 1.0730 subsequently. The initial resistance stands at 1.0925 and at 1.1050 subsequently.

    A sturdy sell signal has been established. The price is under the Ichimoku Cloud and it is below the Chikou Span. The Kijun-sen is shows a horizontal motion while the Tenkan-sen is in descending motion. The downward movement will be until the price is under the Cloud. The MACD indicator is in a negative area. The price is declining.

    The level under 1.0730 will signalize the sellers. The price may head to 1.0630 shortly. The barrier for the pair's growth is the level of 1.0925. If this happens, the EUR/USD pair could head up to 1.1050

    EURUSDH427n.jpg
     
  13. Andrea FXMart

    Andrea FXMart Member

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    Technical Analysis for USD/JPY: January 28


    Though the desire for risk is soaring among investors, we should expect an expansion in USD/JPY pair. An indisputable quarterly records of US organizations put back growth on the market. Being the funding currency, the yen will be under pressure as the stock market and the increase in cross-rates specify carry trade locations growth. The US and Japanese government bonds divergent lucrativeness has lengthen as the debt market establishes the pair's ascending trend.

    The initial support occurs at 118.40 and at 117.80 subsequently. The initial resistance stands at 119.20 and at 120.40 subsequently.

    A sturdy buy signal has been established. The price is over the Ichimoku Cloud which is on top of the Chikou Span. Showing an ascending motion, a "Golden Cross" is being build by the Tenkan-sen and Kijun-sen. The ascending motion will be until the price is over the Cloud. The MACD indicator is in a positive area. The price is increasing.

    USDJPYH428.png
     
  14. Andrea FXMart

    Andrea FXMart Member

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    Fundamental Analysis: January 29

    The disorder in the financial market perturbed the US Federal Reserve. The report of the Fed did not affect the EUR/USD pair or even the other assets. The outcome of the Fed's two-day conference is continually assessed by the investors. The trades of the pair EUR/USD were stopped yesterday.

    The Germany surmounted the initial inflation statistics whose development rate may expedite to 0.5% from 0.3%. The inflation dynamics of Germany is relatively good which causes the European Central Bank to be attentive to its quantitative easing program. The data occurs at the reported median. The EUR/USD signifies an increase by the end of the trades.

    The reported number of Initial Jobless Claims was 282, 000 but it reached only 278,000. In spite of the fact that all clear signs of perennial unemployment growth are discerned which has a negative effect on the general unemployment volume, the labor market is stable. Moreover, the expected the rigid goods decreased by 0.6%, nevertheless, the decline was 5.1%.

    The fourth quarter Gross Domestic Product of the UK was issued yesterday. As it was reported, the growth rate of the GDP for the first nine (9) months of 2015 was 2.27%. Take notice of the UK economy, wherein the first nine (9) months of 2014, the growth rate was 2.87% which shows its slowdown phase. The data occurs at the reported median. The GBP/USD pair signifies an increase by the end of the trades.

    The currency pair USD/JPY is still in a tapered channel trading. Anyway, pressure on the yen is been building up as the Bank of Japan will declare the next simplification measures by the end of the two days conference. Japan forecasted the retail sales which reduced by 1.1% similarly in the relative period in 2014.

    EURUSDH429.png
     
  15. Andrea FXMart

    Andrea FXMart Member

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    Technical Analysis for GBP/USD: February 1


    In 2015, the Gross Domestic Product of UK heightened by 2.2%. The increase of the price may still proceed even though the economic deceleration is a negative factor for the currency as the pound was in a recovering stage to the descending trend.

    We should not hope for a positive data as stated by the US Gross Domestic Product leading indicators. The deliverance went worse than it was expected as it goes 0,7% versus the reported 0,8%.

    The initial support occurs at 1.4160 and at 1.4080 subsequently. The initial resistance stands at 1.4240 and at 1.4320 subsequently.

    A weak and non-confirmed sell signal appears. The price is below the Ichimoku Cloud and it is beneath the Chikou Span. The Tenkan-sen creates a descending motion and the Kijun-sen shows a horizontal motion. The descending movement will be until the price is below the Cloud. The MACD indicator is in a positive location. The price is retrieving.

    The ascending possible target are 1.4320 and 1.4400.

    GBPUSDH401.png
     
  16. Andrea FXMart

    Andrea FXMart Member

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    Fundamental Analysis: February 2


    The stability of the US dollar cannot be weaken by the conflicting data of the USA. In the fourth quarter, the economy of the USA increased by 0.7% only versus the reported of +0.8% and the preceding value of 2.0%, according to the initial statistics. In the meantime, along with expectations at 1.2%, the direct consumption expenditures index increased. In the preceding value of 93.3, the Michigan consumer confidence index dropped to 92.0 in opposition of the reported 93.0. Generally, the economic scene is somewhat variegated. The previous Fed statements that the country's economy is in a slow phase made the market be ready for poor Gross Domestic Product data.

    To some extent, the positive inflation deliverance of the January euro zone appeased the bears' intensity who attempts to be a future monetary policy easing in March by the ECB. The Institute for Supply Management (ISM), a manufacturing sector of US, has been anticipated to produce negative data. The index occurs at the level of 48.2 in opposition of the reported 48.1. The EUR/USD currency pair became stronger by the end of the trades.

    As stated by the Central Bank of Iraq, the negative manufacturing orders balance dynamics indicated that the production sector Purchasing Managers Index forecast could be more weak than the consensus report. In any case, the data appeared better than the reported median 52.9 in opposition to 51.8. The GBP/USD pair strengthened intensely by the end of the trades.

    For the first time of its history, the Bank of Japan published a negative interest rate which causes to be the primary newsmaker in the past week. AS stated by BOJ, the current rate will stay unless the regulator finds a sturdy inflation rate of 2% per annum. The USD/JPY pair somewhat reduced by the end of the trades.

    EURUSDH402.png
     
  17. Andrea FXMart

    Andrea FXMart Member

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  18. farhan khan

    farhan khan New Member

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    Epic Research Closing Bell :
    HDFC twins, NTPC, Infosys and Sun Pharma were top gainers while Adani Ports, Tata Motors, Tata Steel, Hindalco and BHEL were losers in the Sensex.
    If you want to have more tips then try MCX Tips.
     
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