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NewForex — Forex news (daily)

Discussion in 'Fundamental Analysis' started by Anna Mon, May 25, 2016.

  1. Anna Mon

    Anna Mon New Member

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    Allow me to present to the distinguished community the Forex news by NewForex company. In this thread I will post daily news about the Forex market.
     
  2. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: The greenback gains ground against the main currencies

    On Wednesday the US dollar rose to a 2-month high against the main currencies. The currency instrument dollar/yen picked up 0.16% to 110.16, which is close to a 3-week high. The pair euro/dollar trades without considerable changes at 1.1141. The euro slightly declined (-0.02%) after the decision of creditors to unlock 10 billion euros for Greece in the bailout fund. In Germany the Business Climate Index climbed from 106.7 to 107.7.

    The buck advanced against the pound sterling, the pair trades at 1.4614 (-0.14%), meanwhile the US currency slid 0.16% versus the Swiss franc.

    The Australian and the New Zealand dollar added 0.35% and 0.24% respectively. The Canadian dollar edged up to 0.19%. The increase of oil prices lends firm support to commodity currencies. WTI with the delivery in July jumped 0.97% to $49.09 a barrel. Brent surged 0.93% to $49.06. US crude oil stocks dropped by 5.1 mln. barrels to 536.8 last week.

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    NewForex Analyst

    Sara Rosenstein

    Forex News from New Forex: Gold demonstrates negative dynamics

    Gold futures decline in the trading on Wednesday, May 25. Investors forecast the rise of the interest rate in the USA.

    On the New York Mercantile Exchange gold with the delivery next month hit an intraday low at $1,222.50 a troy ounce. Spot gold advanced 0.1% to $1,227.90. On Tuesday yellow metal shed 1.78% amidst positive new home sales data in the US. In April sales jumped 16.6% to 619,000 units, a high since January 2008.

    In May gold futures slid around 5%. It is highly likely that the precious metal will drop to $1,200 in the nearest time due to the expectation of the interest rate hike in the US. Gold holdings in the largest EFT-fund SPDR Gold Trust tumbled 0.44% to 868.66 tonnes, the first decline this month. Silver futures with the delivery in July slid 0.6 cents or 0.04% to $16.26 a troy ounce.

    The dollar index edged down to 0.06% to 95.54.

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    NewForex Analyst

    Sara Rosenstein
     
  3. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: The Aussie advances, the kiwi tumbles

    In the trading on Thursday, May 26, the Australian dollar climbs against the US dollars, whereas the New Zealand kiwi falls due to the growing demand for the greenback. The pair AUD/USD added 0.18% to 0.7210, a rise is limited by the decrease of private capital expenditure in Australia by 5.2% in the first quarter.

    The currency instrument kiwi/dollar slid 0.36% to 0.6716, a low since March 28. The head of New Zealand’s Treasury claimed that the Brexit might have a negative influence on the country’s economy. Among other risks were mentioned an economic slowdown in China, geopolitical tension in the Middle East, a risk of terror attacks in Europe.

    The Japanese yen edged up 0.25% versus the US dollar to 109.90. The corporate service price index remained on the same level at 0.2% as expected.

    The dollar index slipped to 0.19% to 95.25.

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    NewForex Analyst

    Michael Butnitsky

    Forex News from New Forex: Brent hit a 7-month high

    Oil prices soar in the trading on Thursday, May 26, boosting global markets. Brent reached $50 a barrel for the first time in seven months. On the Mercantile Exchange in London Brent with the delivery in July jumped to $50.06 a barrel, a high since November 4. Yesterday black gold surged $1.13 or 2.32%. On the New York Mercantile Exchange WTI with the delivery in July added 33 cents or 0.67% to 49.86 a barrel, a high since October 12. On Wednesday, May 25, it gained 94 cents or 1.93% after the report about the reduction of crude oil inventories in the USA. The stocks fell by 4.2 mln barrels to 537.1 mln last week.

    Brent futures climbed almost 85% since February in spite of the failure of talks in Doha in April devoted to freezing of oil prices. On June 2 the next meeting of OPEC members is due to be held in Vienna, market players forecast a further rise of oil prices.

    European stocks stay in the green zone amidst the upsurge of oil prices. The UK’s index FTSE advanced 0.08%, the German DAX picked up 0.33%, the French CAC 40 gained 0.17%.

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    NewForex Analyst

    Michael Butnitsky
     
  4. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: Gold keeps sliding

    On Friday, May 27, gold prices reached a 3-month low, strong positions of the US dollar bring firm pressure on the precious metal. Another factor influencing on the sentiment around gold is the expectation of Jannet Yellen’s speech tonight.

    Most market players hope to hear some subtle hints about the terms of the interest rate hike during the speech of the Fed’s Chair. Gold is particularly sensitive to changes of the interest rate. A powerful dollar decreases attractiveness of gold as an alternative asset and makes dollar-priced goods more expensive for other currency holders.

    Today on the New York Mercantile Exchange gold futures with the delivery next month are seen at $1,221.05. The immediate level of support is at $1,211.00 (a 3-month low), the level of resistance stands at $1,232.60 (a high of May 26). At the moment spot gold shed 0.03% to $1.219.35. The yellow metal was showing negative dynamics this week and lost 2.4%, the largest slump in two months.

    Currently silver futures with the delivery in July slid 0.39% to $16.280 a troy ounce.

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    NewForex Analyst

    David Fineberg
     
  5. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: The US dollar rises against the Aussie and the kiwi

    On Monday, May 30, the Australian and the New Zealand dollar decline against the greenback. The report of the Fed’s Chair Janet Yellen last Friday lent support to the US dollar, whereas falling oil prices keep bringing commodity currencies under pressure. On Friday Janet Yellen claimed that in the coming months the interest rate hike should go gradually and cautiously. The increase of the GDP boosted the US dollar, in the first quarter the figures rose by 0.8% instead of expected 0.5%.

    The currency instrument AUD/USD slid 0.10% to 0.7173. If the Aussie goes below 0.7145, it will hit a 3-month low. Fresh economic data had a negative influence on the Aussie. The Company Gross Operating Profits dropped from −3.6% to −4.7%. According to the report of Housing Industry Association, new home sales tumbled in Australia from 8.9% in March to −4.7% in April. At the moment the pair kiwi/dollar shed 0.07% to 0.6686, a low since March 28.

    As for oil prices, a negative dynamics is observed today. WTI futures slipped to 0.14% to $49.26 a barrel, Brent lost 0.32% to $49.16 a barrel.

    The dollar index rises, in the morning tradings it climbed 0.11% to 95.84.

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    NewForex Analyst

    Luigi Campo

    Forex News from New Forex: The yen plummets against the US dollar

    The greenback hit a month high against the yen in the trading on Monday, May 30. The Friday’s report of the Fed’s Chair Janet Yellen boosted forecasts of market participants regarding the interest rate hike. The pair dollar/yen picked up 0.81% to 111.03, a high since April 28.

    The commentary of the Japanese Prime Minister Shinzo Abe about a possible delay of the sales tax increase played a negative role for the yen. The fall of the yen against the euro is even stronger today, the Japanese currency shed 1.18% to 123.68.

    Asian indexes trade in mixed ways on Monday. The Japanese Nikkei 225 added 1.39% to 17,068.02. The Chinese Shanghai Сomposite surged 0.1%, the Shenzhen Composite slid 0.45%. The Hang Seng advanced 0.3%.

    European markets digest the Friday’s report of the Fed’s Chair, main indexes trade mostly in the green zone. The UK’s FTSE climbed 0.08%, the German DAX edged up to 0.32%, the French CAC 40 rose 0.04%. In Eurozone the economic sentiment index advanced from 104.0 in April to 104.7 in May.

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    NewForex Analyst

    Luigi Campo
     
  6. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: The dollar keeps rising

    In the trading on Tuesday, May 31, the greenback hit a 2-month high against the main currencies. The dollar index picked up 0.02% to 95.74, which is close to a high since March 29. The demand for the dollar climbs amidst the rising expectation of the interest rate hike by the Fed, the last time it was increased in December 2015.

    The euro shed 0.13% against the buck, the single currency slid 0.26% against the yen. Preliminary data on the consumer price index in Eurozone demonstrates negative figures at −0.1%. Low data certainly raises concerns over the deflation in the region.

    Today the greenback has slightly weakened against the yen losing 0.15% to 110.95. The yen gained ground after the unexpected rise of the industrial production by 0.3% in April. Overall households spendings decreased only by 0.4% instead of the forecast at 1.4%.

    The Aussie and the kiwi managed to advance 0.74% and 0.34% against the US dollar. Positive data in the building sector lent support to the Australian dollar. The amount of building permits increased by 3.0% instead of expected decline by −2.8%. Business confidence index rose in New Zealand from 6.2 in April to 11.3 in May.

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    NewForex Analyst

    Joseph Schwartz

    Forex News from New Forex: The euro again advances against the greenback

    On Tuesday tradings the euro fluctuates between positive and negative magnitudes. Currently the pair euro/dollar surged 0.13% to 1.1158.

    Preliminary data on the consumer price index in May completely coincided with forecasts of economists. Consumer prices slumped 0.1% in May. Falling oil prices exerted a negative influence on the inflation in Eurozone. Energy prices tumbled 8.1% in May in comparison with the last year. Core inflation climbed from 0.7% in April to 0.8% in May. The unemployment rate in Eurozone in April is at 10.2% as in March.

    European indexes stay in the red zone due to the possible interest rate hike in the USA. The pan-European index STOXX 600 slid 0.24%.

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    NewForex Analyst

    Joseph Schwartz
     
  7. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: The yuan hit a 5-year low

    In the trading on Wednesday, June 1, the Chinese yuan tumbled 0.2% hitting a 5-year low. The PMI index including construction, transport and telecommunication companies declined from 53.5 in April to 53.1 in May. The currency shed 1.5% in May, the biggest fall since August last year. A strong dollar keeps bringing the yuan under pressure.

    The Australian dollar advanced 0.3%. The GDP of Australia surged 3.1% in the first quarter outstripping the forecast at 2.9%. The New Zealand currency gained 0.3% after the rise of the Terms of Trade Index by 4.4% in the first quarter instead of the expected fall by 0.2%.

    The Japanese yen picked up 0.6% today. In May the currency lost 3.8%.

    In the commodity market WTI slumped to 0.9% to $48.67 a barrel. On June 2 the OPEC meeting is due to be held in Vienna, most market experts consider that it will not lead to any agreement about the restriction of oil production. On Tuesday the oil minister of the UAE said that the global surplus which led to a sharp price decline is self-correcting at the moment.

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    NewForex Analyst

    Luigi Campo

    Forex News from New Forex: The pound plummeted against the dollar and the euro

    On Wednesday, June 1, the pound sterling hit an intraday low after the release of economic data. The manufacturing PMI rose from 49.4 in April to 50.1 in May. Although magnitudes above 50.0 show the rise, May data look not so confident. The state of the UK domestic market is quite favourable for business but unsteady global economy brings the number of export orders under pressure. In Eurozone the manufacturing PMI declined from 51.7 in April to 51.5 in May.

    The pair pound/dollar trades at 1.4437 (-0.28%). The currency instrument euro/pound is seen at 0.7736 (+0.65%). Another negative factor for the pound was the decision of the Organization for Economic Cooperation and Development to cut the forecast of the economic growth for this year from 2.1% to 1.7%. The organization has also warned that Brexit might hit the global economy.

    At the moment the dollar index shed 0.43% to 95.41.

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    NewForex Analyst

    Luigi Campo
     
  8. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: The Aussie tumbles against the US dollar

    On Thursday, June 2, the Australian dollar declines against the US dollar amidst mixed economic data. The pair AUD/USD shed 0.47% to 0.7224. Retail sales in April climbed 0.2% instead of expected 0.3%. Meanwhile, the trade deficit of Australia dropped from A$1.97 billion in March to A$1.58 billion in April. The New Zealand dollar edged down to 0.44% against the buck.

    The US dollar hit a 2-week low against the yen on Thursday after the decision of the Japanese Prime-Minister to delay the planned sales tax increase. On Tuesday Shinzo Abe said about the implentation of the fiscal stimulus package later this year. The pair dollar/yen slid 0.45% to 109.04, euro/yen slumped to 0.31% to 122.15. The strong yen has a negative influence on Japanese stocks. The Nikkei slipped to 2.32%, the highest fall since May 2. The Topix tumbled 2.2%, the JPX-Nikkei Index 400 edged down to 2.3%.

    At the moment the dollar index shed 0.16% to 95.27, a low since May 27.

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    NewForex Analyst

    Michael Butnitsky

    Forex News from New Forex: Opinion polls on Brexit lent support to the pound

    The pound sterling rises against the US dollar and the euro on Thursday, May 2. Poll numbers on the possible Brexit give support to the pound. According to the latest information, most British citizens stand for staying in the European Union. The pair pound/dollar advanced 0.24% to 1.4448. The currency instrument euro/pound trades at 0.7742 (-0.22%).

    Concerns over the interest rate hike in the US bring the British currency under pressure. The latest construction data served as a constraining factor as the construction PMI index dropped from 52.0 in April to 51.2 in May.

    European stocks are seen in the green zone today after the ECB’s decision to keep the deposit rate at the record low level −0.4%. The pan-European index STOXX 600 surged 0.24%. The UK’s FTSE picked up 0.34%, the German DAX added 0.06%, the French index CAC 40 climbed 0.05%.

    Today world markets are in the anticipation of the news from Vienna where the OPEC meeting is taking place at the moment.

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    NewForex Analyst

    Michael Butnitsky
     
  9. farhan khan

    farhan khan New Member

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    Crude Oil updates by Epic Research : Crude oil on MCX settled up 0.18% at 3314 fought back from early losses to finish slightly higher as a sharp decline in US crude inventories offset a widely expected decision by OPEC to leave its production ceiling unchanged.
     
  10. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: Yen soars against the US dollar and the euro

    On Thursday, June 16, the yen gains ground against the greenback for the fifth day in a row. The Bank of Japan decided to keep the current monetary policy unchanged before the referendum in the UK. The pair dollar/yen shed 1.85% to 104.03, euro/yen lost 1.76% to 117.22.

    Japanese stocks have rapidly fallen due to the passive decision of the Bank of Japan, the Fed which kept the interest rate unchanged in the USA at 0.5%. These events triggered active sales in the market. The leading index Nikkei edged down to 3.1% (a low since April), since the start of the week the index tumbled 7%. The Topix slid 2.8%, a low since February.

    In the short run the market will stay in the zone of oversold. Concerns over the referendum in the UK are so high that we should not expect any growth until June 23. At the moment market participants prefer to avoid any risk assets. Fund managers worry about their assets and try to reduce them having more cash to protect their funds.

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    NewForex Analyst

    Michael Butnitsky


    Forex News from New Forex: Swiss National Bank keeps the negative interest rate
    The Swiss franc has not significantly changed against the US dollar and the euro after the decision of the Swiss National Bank to hold the current interest rate at −0.75%. The currency instrument euro/franc stands at 1.0822, dollar/franc gained 0.6% to 0.9615. Since the start of this month the Swiss franc advanced 2% against the euro and 3% against the US dollar.

    The market keeps a close eye on the British currency before the hard choice about the membership in the EU. The pound pares earlier losses after the release of data on retail sales in May. Retail sales surged from 5.2% in April to 6.0% year on year, meanwhile experts forecast a decline to 3.9%. Core retail sales climbed 5.7% in comparison with the same period last year. Thus, at the moment pound/dollar tumbles 0.24%, euro/pound gains 0.19%.

    The dollar index slid 0.13% to 94.55. European markets stay in the red zone today after the decision of the Fed and the Bank of Japan. The pan-European index STOXX 600 slipped to 0.9%, the UK’s FTSE slumped to 0.62%, the German DAX lost 0.79%, the French CAC 40 dropped by 0.77%.

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    NewForex Analyst

    Michael Butnitsky


    Forex News from New Forex: Oil price hit a 4-week low

    Oil prices keep negative dynamics in the trading on Thursday, June 16, hitting a 4-week low. On the New York Mercantile Exchange WTI shed 1.58% and dropped to $47.25 a barrel. In London Brent lost 1.59% to $48.19, a low since May 24.

    Yesterday information about US oil inventories was released and last week they decreased by 933 000 barrels to 531.5 mln. WTI and Brent futures lost almost 8% after a high at $52 since June 9. It is obvious that investors are not prone to take risks before the referendum in the UK on June 23 and prefer to fix their profit.

    Gold price rises after the Fed’s decision to delay the interest rate hike. It is clear that the more often the rate rise is delayed, the better it is for the gold sentiment in the market. Gold futures with the delivery in August advanced 1.47% to $1.307.20 a troy ounce hitting a 2-year high. Spot gold rose 1.09% to $1.305.20. Silver futures with the delivery in July jumped 1.21% to $17.715.

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    NewForex Analyst
    Michael Butnitsky
     
  11. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: Greenback drops against the euro after unemployment data

    On Friday, June 17, the US dollar loses ground versus the euro. Weak data from the US reduce attractiveness of the greenback. Information on jobless claims was released yesterday and last week the number increased by 13 000 to 277 000 instead of expected decline to 270 000. The consumer price index for May shed from 1.1% to 1.0% year on year. Today investors wait for new data in the construction sector.

    The pair euro/dollar picked up 0.33% to 1.126. USD/JPY climbed 0.09% to 104.32. The Japanese currency surged 2.5% this week hitting 103.55 yesterday, a high since August 2014. It is highly likely that the yen will hold its uptrend and go to 102 against the US dollar.

    The Australian and the New Zealand dollar rose 0.41% and 0.11% respectively. The dollar index lost 0.25% to 94.53.

    American indexes stay in the green zone. The Dow Jones Industrial jumped 0.53%, the S&P 500 added 0.31%.

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    NewForex Analyst

    David Fineberg

    Forex News from New Forex: Gold takes a break after a rise

    Gold futures with the delivery in August shed 0.82% today to 1.287.80 a troy ounce. The immediate level of support is seen at $1,273.0 (a low since June 13), the level of resistance stands at $1,316.40 (a high since June 16). We expect a further rise of the precious metal as the question of Brexit and the decision of the Fed to keep the interest rate unchanged increase the demand for the yellow metal. Gold prices surged 0.7% since the start of the week and 21% since the start of the year.

    Today’s decline is due to the murder of the Parliament member Jo Cox in the UK who voted for keeping a membership in the European Union. The first murder of the PM since times of Irish terrorism can push the UK citizens to vote for staying in the EU. Silver futures with the delivery in July slid 1.18% today to $17.40.

    Oil pares its losses for the first time since the last seven days. WTI added 1,17% on Friday to $46.73 a barrel, Brent picked up 1.59% to $47.94.

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    NewForex Analyst

    David Fineberg


    Forex News from New Forex: European and Asian indexes gain

    European indexes advance today following a profitable trading session in Asia. The pan-European index STOXX 600 surged 1.03%, main sectors of economy show firm gains. The UK’s FTSE rose 0.84%, the German DAX climbed 0.39%, the French CAC 40 jumped 0.60%.

    In Japan the Nikkei 225 edged up 1.07% after a 3.1% fall on Thursday when the Bank of Japan decided to delay the introduction of extra stimulus measures. The Topix added 0.8%, the JPX-Nikkei Index 400 managed to pick up 0.7%.

    The situation in Hong Kong is favourable like in the whole Asia today. However, currently global markets feel tension due to the coming referendum in the UK. Investors consider that the murder of the UK Parliament Member might change the sentiment in favour of remaining in the EU. The Hang Seng index rose 0.7%, although it lost 4.1% this week. The China Enterprises Index increased by 0.9%. In Hong Kong leading sectors of economic activity demonstrate positive dynamics.

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    NewForex Analyst

    David Fineberg
     
  12. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: Gold prices decline after a firm rise

    Gold price lose ground in the trading on Monday as worries over the Brexit slightly weaken. The possibility of Brexit would boost positions of gold and in case of a positive decision, gold might rise to $1,350 this week.

    Gold futures with the delivery in August shed 0.95% to 1.282.50 a troy ounce. Last week the precious metal hit a 2-year high at $1,318.90.

    Spot gold lost 1.41% to 1.279.85, the biggest intraday fall since May 24. Meanwhile, gold holdings in the largest EFT-fund SPDR Gold Trust increased by 0.59% to 907.88 tonnes, a high since October 2013.

    Silver futures with the delivery in July edged down to 0.29% to 17.355 a troy ounce. We expect that global markets will stay quite volatile until the referendum outcome in the UK, traders should watch carefully the market situation.

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    NewForex Analyst

    Luigi Campo

    Forex News from New Forex: The pound takes off before the referendum

    The pound sterling gains ground in the trading on Monday, June 20. Recent opinion polls show that UK citizens are prone to staying in the EU. However, the final decision will be known on June 23. The currency instrument pound/dollar picked up 1.92% to 1.4628, a 3-week high. The pair euro/pound edged down to 1.36% to 0.775.

    The US dollar declines after the decision to keep the interest rate unchanged. The pair euro/dollar climbed 0.54% to 1.1335. The Canadian dollar managed to rise 0.59% to 1.2816 amid the increase of oil prices.

    European markets stand in the green zone as concerns over the possible Brexit have weakened. The UK’s FTSE added 2.47%, the German DAX edged up 3.25%, the French CAC rose 3.19%. The pan-European index STOXX 600 increased by 3.28%.

    Asian markets are at a high ebb as well. The Japanese Nikkei, Topix and JPX-Nikkei Index 400 gained 2.3%. Hong Kong index Hang Seng rose 1.7%, China Enterprises Index 1.8%.

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    NewForex Analyst

    Luigi Campo


    Forex News from New Forex: The Aussie and the kiwi rise against the US dollar

    On Monday, June 20, the Australian and the New Zealand dollar have significantly gained amid keeping the US interest rate unchanged and the substantial rise of oil prices. AUD/USD stands at 0.7462 (+0.89%), NZD/USD is seen at 0.7114 (+0.91%).

    The Fed’s decision to remain the interest rate without any changes has considerably lowered experctations of the rate hike in the nearest time. As for oil prices, they gain ground due to the coming referendum in the UK on June 23. The last opinion poll showed that more citizens are ready to vote for keeping the EU membership.

    In the Asian trading oil prices jumped amid the weak dollar, traders treat commodities as a safe-haven. WTI with the delivery in July advanced 1.54% to $48.72 a barrel, Brent with the delivery in August surged 1.67% to $49.99.

    At the moment the dollar index sheds 0.64% to 93.70, a low since June 9.

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    NewForex Analyst

    Luigi Campo
     
  13. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: Asian markets unsteady before the referendum in the UK

    On Tuesday, June 21, Asian markets trade in mixed ways. The Japanese index Nikkei climbed amid the weakening yen. At the end of the trading session the index gained 1.3%, the Topix picked up 1.2%, the JPX-Nikkei Index 400 surged 1.3%. The Japanese yen lost 0.55% against the greenback to 104.44 after a 22-month high at 103.57.

    Chinese markets closed in the negative zone today. The Shanghai Composite dropped by 0.34%, the Shenzhen Composite slid 1.01%. In Hong Kong the Hang Seng index managed to jump 0.55%, investors expect that the UK will remain in the European Union. The China Enterprises Index gained 0.8%. Main sectors of economy demonstrate a firm rise, especially energy and IT sectors.

    The Australian index ASX 200 advanced 0.33% amid the rise of the financial sub-index. On Tuesday the Australian and the New Zealand dollar rose 0.55% and 0.35% against the US dollar.

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    NewForex Analyst

    Michael Butnitsky


    Forex News from New Forex: The pound keeps rising against the dollar and the euro

    In the trading on Tuesday, June 21, the euro reached a 3-month low against the pound sterling, most market participants consider that the UK will hold its membership in the EU. The currency instrument euro/pound shed 0.09% to 0.7688. Positive data from Germany failed to boost the euro. The economic sentiment in Germany ascended from 6,4 in May to 19,2 in June instead of 5,0.

    The pair euro/dollar added 0.27% to 1.134. The instrument pound/dollar surged 0.33% to 1.4743. At the moment the dollar index lost 0.18% to 93.51.

    The global market is highly sensitive to opinion polls from the UK. Fresh data shows that 53% of citizens are ready to support the EU membership, 46% stand for leaving the Eurozone.

    European stocks trade with a slight increase. The German DAX picked up 0.44%, the French CAC 40 climbed 0.65%, only the UK’s index FTSE currently loses 0.04%. The pan-European index STOXX 600 advanced 0.54%.

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    NewForex Analyst

    Michael Butnitsky
     
  14. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: Gold falls before the defining day in the UK

    Today, on June 22, gold keeps negative dynamics before the referendum in the UK devoted to leaving the European Union. At the moment gold futures with the delivery in August shed 0.41% to $1.266.90. Spot gold lost 0.28% to $1.264.50. Gold holdings in the largest EFT-fund SPDR Gold Trust rose 0.39% on Tuesday to 912.33 tonnes, a high since October 2013.

    Only one day left before the main event in the UK, global markets sit on the hedge. Although recent opinion polls show the lead of Bremain, the difference is minimal and statistical discrepancy should not be excluded. Thus, market participants can’t eliminate the possibility of Brexit.

    If it happens, Eurozone economy might tip into a recession putting pressure on the global economy and increasing the investment attractiveness of precious metals.

    [​IMG]

    NewForex Analyst

    Sara Rosenstein


    Forex News from New Forex: Dollar loses ground against the main currencies

    On Wednesday, June 22, the US dollar declines against the main currencies amid the coming referendum in the UK. The currency instrument pound/dollar stands at 1.4668 (+0.16%). The latest opinion poll shows that the difference between those who stand for remaining in the EU (45%) and those who want to leave (44%) is very subtle.

    Euro/dollar surged 0.51% to 1.1297. The yesterday’s announcement of the ECB President Mario Draghi about the readiness of the bank to any decision of the UK lent support to the single currency.

    Today the dollar tumbled 0.18% to 104.55 against the yen, dollar/franc slid 0.43% to 0.9577. The Australian and the New Zealand dollar advanced 0.67% and 0.59% respectively. The Canadian dollar picked up 0.36% to 1.2768. At the moment the dollar index slipped to 0.36% to 93.82.

    European markets act with discretion showing a slight rise. The UK’s FTSE climbed 0.33%, the German DAX added 0.57%, the French CAC 40 rose 0,38%. The pan-European index STOXX 600 edged up 0.15%.

    [​IMG]

    NewForex Analyst

    Sara Rosenstein
     
  15. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: Stock markets in the expectation of the referendum in the UK

    On Thursday, June 23, Asian markets trade in mixed ways. Japanese shares increase, investors prefer to cover short positions. The Nikkei advanced 1.1% to 16,238.35, a 10-day high. The Topix gained 1.1% to 1,298.71.

    Chinese markets showed negative dynamics today but without dramatic losses, investors are in the anticipation of the referendum results in the UK. The CSI300 slid 0.5%, the Shanghai Composite shed 0.5% to 2,891.96. Market participants worry not only about the possible Brexit but also about the economic slowdown in China.

    On Thursday European markets opened in the green zone, main indexes demonstrate gains. The pan-European index STOXX 600 picked up 0.27%. The UK’s FTSE climbed 0.53%, the German DAX jumped 0.61%, the French CAC 40 rose 0.52%.

    In spite of the last opinion polls, global markets hope for the Bremain. Polling stations opened in the UK at 7:00 local time and will be closed at 22:00. Presumably the referendum outcome will be announced by early afternoon tomorrow.

    [​IMG]

    NewForex Analyst

    Sara Rosenstein

    Forex News from New Forex: Oil returns to a rise

    In the trading on Thursday oil prices advance. On the Mercantile Exchange in London Brent with the delivery in August jumped 1.02% to $50.39 a barrel. On Wednesday black gold shed 1.46% ahead of the referendum in the UK.

    WTI futures climbed 1.12% to $49.68, on 22 June it lost 1.44% as oil inventories in the US dropped last week by 0.9 mln. barrels to 530.6 mln. After a 13-year low at $26.05 a barrel hit in February 2016, crude oil advanced 85%.

    Gold hit a 2-week low on Thursday. Spot gold slipped to 0.3% to $1,262.26 a troy ounce. Gold futures with the delivery in August edged down to 0.13% to 1.268.40. Meanwhile, silver futures managed to gain 0.45% to $17.39.

    Gold holdings in the SPDR Gold Trust increased by 0.39% to 915.90 tonnes, a high since October 2013.

    [​IMG]

    NewForex Analyst

    Sara Rosenstein
     
  16. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: Referendum results made markets collapse

    On Friday, June 24, global markets seesaw after the decision of the UK to leave the European Union. For remaining in the EU voted 48.1%, for Brexit voted 51.9%. Brexit became a tremendous shock for markets today. The pound sterling shed 7.88% against the US dollar hitting a low since 1985. The euro followed the British currency and fell 6.41% against the yen and 2.90% against the US dollar.

    Japanese stocks hit a 5-year low. The Nikkei dropped by 7.9%, a low since October 2014. The Topix and the JPX-Nikkei Index 400 slid 7.3%. Shares in Hong Kong collapsed after the news today. The Hang Seng tumbled 2.9%, the China Enterprises Index slipped to 2.9%.

    European markets experience strong pressure at the moment. The pan-European index STOXX 600 plummeted by 7.21%. The German DAX lost 6.85%, the UK’s FTSE 4.27%, the French CAC 40 dropped by 8.46%. Main UK’s banks among which are Barclays and the Royal Bank of Scotland shed around 20% on Friday tradings.

    Brent slumped to 4.71% to $48.51 a barrel, WTI fell 4.39% to $47.91. Precious metals are increasing profit, fold futures jumped 5.00% to $136.20 a troy ounce, silver advanced 3.70% to $17.995.

    Obviously global markets were not ready for this outcome and are deeply concerned about the consequences of Brexit.

    [​IMG]

    NewForex Analyst

    Luigi Campo
     
  17. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: Asian markets recover after Brexit

    On Monday, June 27, Asian markets closed in mixed ways, most investors try to evaluate the referendum results in the UK. The Australian index ASX 200 climbed 0.47% paring some of its earlier losses. The Australian dollar shed 0.56% to 0.7421 against the US counterpart.

    Indexes of mainland China traded in the positive zone. Shanghai Composite rose 0.86%, Shenzhen Composite surged 1.44%. So far Brexit exerts a restrict influence on the Chinese market as it is not completely open to the European market. However, shares in Hong Kong are more sensitive to movements in the global market. On Monday the Hang Seng index edged down to 0.84%.

    The Japanese index Nikkei regains ground and managed to add 2.4% today. Some members of the Japanese government do not eliminate the possibility of intervention into the currency market in order to stabilize the yen. At the moment the yen advances 0.07% to 102.13 against the greenback. The Topix and the JPX-Nikkei Index 400 picked up 1.8%.

    [​IMG]

    NewForex Analyst

    Sara Rosenstein
     
  18. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: Asian market closed without dramatic losses

    In the trading on Tuesday, June 28, global markets keep digesting the decision of the UK to leave the European Union and are concerned about the political and financial circumstances of this decision. Asian stock markets teetered between positive and negative magnitudes.

    The Japanese market traded quite discreetly. The Nikkei closed with a 0.1% rise, whereas the Topix and JPX-Nikkei Index 400 shed 0.1%. The yen tumbled 0.12% and 0.40% against the US dollar and the euro.

    Stocks in Mainland China and Hong Kong decline, investors also worry about the consequences of Brexit. Blue chips CSI300 edged down to 0.2%, the Shanghai Composite stands flat at 2,896.30, the Shenzhen Composite managed to pick up 0.7%. The Hang Seng slid 0.9%.

    The Australian and the New Zealand dollar gain ground against the US counterpart. The Aussie surged 1.02% to 0.7403, the kiwi jumped 1.14% to 0.7074. The Australian index ASX 200 slipped to 0.55%. The dollar index slid 0.36% to 96.20 at the moment.

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    NewForex Analyst

    David Fineberg

    Forex News from New Forex: Oil rises after Brexit shock
    Oil prices gain ground in the trading on Tuesday, June 28, after a fall amid the referendum results in the UK. Brent futures with the delivery in September surged 2.14% to $48.17 a barrel, yesterday a 2.59% drop was seen. WTI futures with the delivery in July climbed 2.22% to $47.36, on Monday futures shed 2.75%. Today markets are in the anticipation of crude oil stock data from the USA.

    A possible strike of Norwegian oil workers contributed to the rise of oil prices, they intend to suspend work on seven oil-gas fields in case of the failure of wage negotiations.

    On Tuesday gold and silver lose ground, market participants fix their profit after the takeoff of oil prices to a 2-year high amid Brexit. Gold futures slid 0.55% to $1317.40 a troy ounce, silver fell 0.33% to $17.685. Spot gold slipped to 0.85% to $1.313.16, spot silver edged down to 0.27% to $17.671. We consider that this decline is temporary and in the near future metals will return to their uptrend.

    [​IMG]

    NewForex Analyst

    David Fineberg
     
  19. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: Pound sterling advances against the euro and the dollar

    On Wednesday, June 29, the pound sterling surges against the euro and the US dollar, the market recovers after Brexit. The currency instrument pound/dollar picked up 0.40% to 1.3395 after hitting a 31-year low at 1.3122. The pound climbed 0.41% versus the euro.

    The British currency is under pressure after the decision to leave the European Union, global markets are scared of financial consequences. Resignation of the UK’s Prime Minister David Cameron added political uncertainty to this situation. Today the EU leaders will continue discussing the consequences of Brexit at the summit in Brussels.

    The euro is under pressure due to Brexit as well. The pair euro/dollar slid 0.08% to 1.1055. Euro/yen shed 0.28% to 113.35. The US dollar has slightly gained after a 1.1% growth of the GDP in the first quarter instead of the expected 1.0%. The dollar index eased 0.01% to 96.18.

    [​IMG]

    NewForex Analyst

    Sara Rosenstein

    Forex News from New Forex: Gold and silver trade without losses

    Precious metals gain ground in the trading on Wednesday, market participants are ready to invest into safe assets after the unexpected decision of the UK to leave the European Union. Gold futures with the delivery in August picked up 0.17% to 1320.60 a troy ounce, yesterday they shed 0.51%. After the UK referendum the yellow metal hit a 27-month high at $1,362.60. Since the start of the year gold has risen by 25% amid concerns over the slowdown of global economic growth and delay of the interest rate hike in the USA.

    Meanwhile, if Brexit exerts considerable influence on markets, central banks might take measures to stabilize them, which might have a negative impact on gold positions.

    Spot gold climbed 0.48% to 1.318.40. In the nearest future metal might rise, uncertainty over the interest rate hike will lend support to gold.

    Silver futures with the delivery in September jumped 2.24% to 18.29 a troy ounce.

    [​IMG]

    NewForex Analyst

    Sara Rosenstein
     
  20. Anna Mon

    Anna Mon New Member

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    Forex News from New Forex: The review of the Aisan market

    On Thursday, June 30, the Australian and the New Zealand dollar lose ground against the greenback. The pair AUD/USD tumbled 0.16% to 0.7437. The kiwi was sliding in the trading in Asia but now it stands flat at 0.711.

    The US dollar trades in mixed way after the release of fresh economic data. Personal spending in May climbed 0.4% which corresponds to market expectations. Meanwhile, personal income decreased by 0.2% for the same period, the pending home sales index tumbled 3.7% instead of the expected drop by 1.1%. The dollar index stands at 95.65 (-0.05%).

    The currency pair dollar/yen slipped to 0.05% to 102.76, euro/yen trades flat at 114.33. In Japan industrial production edged down to 2.3% in May instead of −0.1%. The Nikkei closed in the positive zone today (+0.06%). In June the Nikkei index slipped to 9.6%, the biggest fall since May 2012. Since the start of the year the fall is 18.2% amid the yen growth. The broader Topix shed 0.15%.

    [​IMG]

    NewForex Analyst

    David Fineberg

    Forex News from New Forex: Oil tumbles after yesterday’s high

    In the trading on Thursday, June 30, oil prices decline, market participants fix profit after yesterday’s high. The raw material gained support amid some weakening of concerns over Brexit.

    Crude oil with the delivery in August slid 0.98% to $49.39 a barrel, on Wednesday it rose 4.24%,a high since April. Brent oil fell 0.77% to $50.22 a barrel, yesterday black gold added 4.18%.

    US oil stocks declined by 4.1 mln barrels to 526.6 mln last week. Market participants expected a descend by 2.4 mln. barrels. The reduction of oil stocks has been observed for six weeks in a row.

    An additional factor influencing on the fall of oil prices was the renewal of oil output in Nigeria. In Norway oil companies and trade unions started today 2-day negotiations over the wage increase hoping to avoid strikes which might lead to the decrease of oil and gas output by 12% in the country.

    [​IMG]

    NewForex Analyst

    David Fineberg
     
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