Forex analysis — the latest reviews of market instruments and news. All reviews are provided by LiteForex’s analysts and shall not be considered as investment advice.

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Jul 2017

21.07.2017

Baker Hughes US Oil Rig Count is due at 19:00 (GMT+2) in the USA. The indicator has been growing since the conclusion of the OPEC+ oil production limitation Agreement. The companies, producing the US shale oil, are trying to profit from the oil price growth, as they are not obliged...

21.07.2017

The US dollar is trading in different directions against its competitors. The EUR/USD pair is calm and is trading within the main range of 1.1660–1.1620. After Mario Draghi's speech, investors are waiting for the FRS Meeting and the next interest rate decision next week. In the morning the GBP/USD pair...

21.07.2017

Procter & Gamble faced an investor's attempt to gain control over the company. Trian Fund, one of the major shareholders of Procter & Gamble with a share of $3.3 mln intends to make its founders and manager of the investment fund a member of the Board of Directors of Procter...

21.07.2017

The dynamics of the Japanese currency against USD shows the growth of demand for low-risk assets. Within less than two trading weeks yen gained over 300 points against USD due to the growth of investor interest and weak macroeconomic statistics for USD. FOMC monetary policy is often said to contradict...

21.07.2017

Exxon Mobil reported a new agreement conclusion jointly with Hess and Statoil upon the purchase of the oil field from the national oil and gas Staatsolie Maatschappij Suriname N.V. in the Republic of Suriname. The field will significantly widen the fixed-income portfolio of Exxon Mobil in the Guyana and Suriname...

21.07.2017

The pair has remained in the downward trend since May 2017. On Thursday the price continued to fall due to the weakness of USD that lost positions to its main competitors after optimistic comments by ECB head Mario Draghi. Today the pair may make an attempt of upward correction in...

21.07.2017

The June Consumer Price Index is due at 14:30 (GMT+2) in Canada. It is the main indicator of the national inflation and represents the change in the price for the basket of goods and services. Since this February the inflation in Canada in falling, and the development of the trend...

21.07.2017

The May Retail Sales publication is due at 14:30 (GMT+2) in Canada. The index is used to estimate the GDP; it shows the change in the sales volume in the retail trade sphere and characterizes the level of the consumer spending and demand. In Canada the Retail Sales is highly...

21.07.2017

On the daily chart, the instrument is trading in the upper Bollinger band. The price remains above its moving averages that are directed up. The RSI is testing its longer MA. The Composite turned up having failed its longer MA. 

21.07.2017

The price of the pound has been going down since the beginning of the current week despite the weakening of USD against the majors. Yesterday the UK released a report on retail sales the actual value of which (0.6%) was better than the forecast (0.2%). The growth of expenditure indicator...

21.07.2017

On the daily chart, the instrument is growing towards the upper line of Bollinger Bands. The price remains above its moving averages that turned horizontally. The RSI is growing having broken out its longer MA. The Composite is testing its strong resistance. 

21.07.2017

Yesterday the Brent oil reached psychologically strong level of 50.00 USD per barrel. During the next hours the price went down again, but as the OPEC has difficulties due to the increasing oil production in Libya, Nigeria and Iraq, this was quite a positive signal. Technically in the situation of...

21.07.2017

On Thursday the pair EUR/USD rocketed upwards in view of statements by ECB head Mario Draghi that the market understood as a hint at the tightening of the monetary policy in the near future. ECB interest rate remained unchanged on the level of 0%. At the same time, Draghi pointed...

21.07.2017

The pair NZD/USD has been moving along the lower border of the blue H4 channel for the second week now. The H4 chart shows that this line is only a balance zone. 

21.07.2017

The development of the “bearish” momentum as a first wave of the lower level (i) within the large downward correction, which has begun, has ended. Locally the formation of the upward correction as a wave ii has begun. If the assumption is correct, the price will grow to the levels...

21.07.2017

The upward momentum as a third wave 3 of the higher level is developing. Locally the fifth wave (v) of iii is developing; within it the formation of the fifth wave v of (v) is expected. If the assumption is correct, the price will grow to the level of 160.00....

21.07.2017

On the 4-hour chart the downward trend as a third wave 3 of the higher level is forming. Locally the fifth wave v of 3 is developing, within it the third wave (iii) of v of the lower level is developing. If the assumption is correct, the pair will fall...

21.07.2017

The upward momentum as a third wave of the higher level iii is forming. Locally the third wave of the lower level (iii) is developing, within it the wave i of (iii) of the lower level has formed, and the correction ii of (iii) is ending. If the assumption is...

21.07.2017

Today the market is calm after significant movements on Thursday. The investors are reflecting upon the commentaries of Mario Draghi. The EUR/USD pair is trading around 1.5630. Yesterday it grew due to the Draghi’s commentaries in the press conference after the ECB meeting. 

21.07.2017

EUR soared as ECB President Draghi showed “increasing confidence” that inflation would get back to the ECB’s 2% target level sooner or later. The rally came even though he gave little guidance about whether the Council would start on the path to normalization at the September meeting, and the statement...

20.07.2017

Today US dollar has mixed dynamics against the majors. In the first half of the day the pair EUR/USD dropped to the level of 1.4477 but after the press-conference of ECB head Mario Draghi regained positions and reached the level of 1.1568. As expected, the European regulator kept the interest...

20.07.2017

On the 4-hour chart the price couldn’t consolidate above the level of 16.23 (correction 61.8%) and weakened to the middle line of Bollinger Bands. According to Stochastic, which is near the oversold zone, the price can reverse and move within Bollinger Bands, which coincide with Fibonacci corrections 61.8% and 50%...

20.07.2017

WTI is trading within the range of the downward channel; the price is near its upper border. On Wednesday the price grew due to the fall of US EIA Crude Oil Stocks change indicator by 4.727 million barrel (exceeded the expectations). The price can increase to the level of 48.15...

20.07.2017

After breaking through a new historical maximum of $386.9 per share on June 23, the stock of Tesla dropped by 17% in the framework of the general market tendency of IT sector sales. During several recent weeks the quotes of the emitter have been restoring, mainly due to the launch...

20.07.2017

In the course of the long price war with Amazon Wal-Mart started to reduce prices for food products and clothes which may have a positive effect on the retailer's sales in view of the upcoming financial report in mid-August. According to BMO Capital Markets, average prices in the “grocery” segment...

20.07.2017

The ECB Monetary policy statement and press conference is due at 14:30 (GMT+2) in Frankfurt, the Mario Draghi’s speech is expected. The experts are not sure about the speech: he can calm the market, which treated the commentaries on the Banks Forum in June overoptimistically, or promise the soon tightening...

20.07.2017

On the daily chart, the pair is correcting up from the lower line of the Bollinger Bands. The price remains below its moving averages that are directed down. The RSI is testing its longer MA form below. The Composite is turning up. Both indicators keep forming a Bullish divergence with...

20.07.2017

The ECB Interest Rate Decision is due at 13:45 (GMT+2) in the EU. The index is expected to stay on the same level of 0.00%. The traders should pay attention to the following commentaries, as it can contain the inklings on the further actions and the opinion upon the current...

20.07.2017

On the daily chart, the pair is correcting down from the upper line of Bollinger Bands. The price remains above its moving averages that are directed up. The RSI turned down having failed its longer MA. The Composite is turning down as well. Both indicators are forming a Bearish divergence...

20.07.2017

On the 4-hour chart the price rebounded from the level of 19922.30 (correction 38.2%) and grew above the level of 20074.50 (correction 23.6%) and now can go up to the upper border of the sideways channel 20235.00 and year maximum at 20320.00. 

20.07.2017

As the majority of currencies, the pound strengthened against USD, although less than commodity currencies. However, the pair GBP/USD successfully broke through the important psychological level of  1.3000 and reached 10-month maximum. 

20.07.2017

Along with CAD, Australian dollar has been showing the best results against USD this week. The pair AUD/USD has grown by almost 200 points from the beginning of the week and yesterday reached the level of May 2015.

20.07.2017

On the 4-hour chart the fifth wave of the higher level v of 5 is forming as a momentum. Locally the downward correction as a wave (iv) is ending. If the assumption is correct, the price will grow to the level of 97.00 in the nearest future. The level of...

20.07.2017

The downward momentum as a first wave 1 of (С) is forming. Locally the ending fifth wave v of 1 is developing, and within it the third wave of the lower level (iii) is developing. If the assumption is correct, the price will fall to the level of 140.00. The...

20.07.2017

The downward correction of the higher level, within which the development of the wave с is beginning, is forming. Locally the first wave of the lower level (i), within which the third wave iii of (i) has ended. If the assumption is correct, the pair will lower to the level...

20.07.2017

On the 4-hour chart the downward momentum within the wave C of the higher level is developing. Locally the third wave of the lower level (iii) of iii of C is developing. If the assumption is correct, the pair will fall to the level of 1.2430. The level of 1.2703...

20.07.2017

The June Retail Sales publication is due at 10:30 (GMT+2) in the UK. The index represents the total value of all receipts from retail shops in the country. It characterizes the level of consumer expenditure and demand. After the fall in May the experts expect the growth of sales in...

20.07.2017

Today the US currency is trading in different directions against the main competitors. The EUR/USD pair is calm. It is trading within the range of 1.1530–1.1500, as the investors are waiting for the ECB interest rate decision and Mario Draghi following speech. The market participants expect the head of the...

20.07.2017

Currencies were confined in a fairly narrow range over the last 24 hours. The Bank of Japan (BoJ) kept policy unchanged, as expected, and pushed back its target for hitting its 2% inflation goal by one year to the fiscal year beginning April 2019, also as (somewhat) expected. This is...

20.07.2017

The BoJ Monetary Policy Statement is due at 08:30 (GMT+2) in Japan. During a press conference, voting results regarding the recent interest rate decision are announced.

20.07.2017

The BoJ Interest Rate Decision is due at 04:00 (GMT+2) in Japan. It is expected to stay on the same level of -0.10%. The following commentaries of the regulator are worth traders’ attention.

20.07.2017

The June Unemployment Rate publication is due at 03:30 (GMT+2) in Australia. The data on unemployment rate represents a percentage of the total labor force that is currently unemployed. The index is expected to grow from 5.5% to 5.6%, which can negatively affect the AUD. During the last RBA meeting...

20.07.2017

The June Employment Change publication is due at 03:30 (GMT+2) in Australia. The number is expected to grow only by 14K, which is significantly lower than the May value of 42K. The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number...

19.07.2017

The Asian day starts with the Japanese trade figures. This data can be market affecting, but today ahead of the Bank of Japan meeting later in the day, I’m not sure investors will be that concerned with it. In any event it’s expected to show the trade surplus right on...

19.07.2017

Today, US dollar is trading in both directions against its main competitors.

19.07.2017

The pair continues to grow today. The New Zealand currency is strengthening, as the US dollar is weakening due to another Trump’s Administration problem with the Obamacare cancelling. On the other hand, the NZD is supported by the growth of the dairy prices: according to the Global Dairy Trade, the...

19.07.2017

In the second half of July the rate of the Australian currency against USD rapidly grew. Within several days the pair gained over 350 points having broken through a number of key resistance levels. The pair has been moving upwards almost without downward corrections which shows considerable growth in the...

19.07.2017

A weekly report on oil and petrochemicals reserves (including gasoline, distillates, and furnace oil) by the Energy Information Administration of the US Department of Energy is due at 16:30 (GMT+2). US oil reserves are expected to drop by 3.740 mln barrels which will support oil prices. However, due to current...

19.07.2017

On the daily chart the price is tending to the level of 5156.3 [2/8] (Pivot, Reverse), below which it couldn’t consolidate last month. 

19.07.2017

Yesterday oil had strengthened after the announcement that Libya may reduce the volumes of production. An OPEC+ meeting will be held in Saint-Petersburg on July 22, and the head of Libyan national oil company stated he would be the leader of the delegation. 

19.07.2017

During the last week Snap Inc. shares dropped by 4.78% against the growth of the S&P 500 index by 0.16%.

19.07.2017

The data on the number of new houses construction permits issued in the USA will be released at 14:30 (GMT+2). This is a leading indicator for business activities in the construction sector (as construction does not begin immediately after a permit is released). The indicator is expected to grow from...

19.07.2017

The data on the beginning of new houses construction in the USA will be released at 14:30 (GMT+2). The indicator shows the number of private and public houses the construction of which started in the current month. The construction market is one of the key markets for the USA and...

19.07.2017

Last week, Visa shares increased by 2.27%. S&P500 index increased by 0.16% within the same period.

19.07.2017

The USD/CAD pair is consolidating after the decrease on Tuesday due to the fall of the USD, which was caused by the rejection of the 4 USA Congressmen to support the Republicans’ law upon cancelling the health care program Obamacare. 

19.07.2017

On the daily chart, the pair is trading in the lower Bollinger band. The price remains on the level with the EMA65, EMA130 and SMA200 that turned horizontally. The RSI is falling having broken down its longer MA. The Composite is testing its strong support. 

19.07.2017

Gold is growing due to the global economic risks. The disappointing speeches of Janet Yellen and the other FRS officials, negative US macroeconomic statistics in the last two weeks and the new governing crisis in the USA due to another failure upon the health care reformation support the XAU/USD pair....

19.07.2017

After almost two weeks in the flat the pair USD/CHF dropped yesterday breaking through the strong support level of 0.9550 that is has been testing in vain for over a year. The fundamental background from Switzerland was created by last week's inflation data namely manufacturers prices indexes (June and YoY)...

19.07.2017

The decrease is still possible. On the 4-hour chart the downward correction as a fourth wave iv is forming. Locally the ending wave (с) as a momentum is developing, and within it the correctional fourth wave of the lower level iv of (c) is ending. If the assumption is correct,...

19.07.2017

The correction continues. The price can go down. On the daily chart the downward correction of the higher level as a wave 2, shaped as flat, is forming. Locally the wave c of 2, within which the fifth wave (v) is forming, is developing. If the assumption is correct, the...

19.07.2017

The trend is upward. On the 4-hour chart the fifth wave 5 of the higher level is forming. At the moment the third wave iii of 5 is developing, and within it the wave (i) has formed, and the correction (ii) is developing. If the assumption is correct, the pair...

19.07.2017

The trend is upward. On the 4-hour chart the upward trend as a third wave of the higher level 3 is developing. At the moment the fifth wave v of 3 of the lower level, within which the wave (iii) of the lower level is developing, is forming. If the...

19.07.2017

Today the US currency is strengthening against the European competitors. The growing is technical, as the EUR/USD is lowering after the significant growth on Tuesday. 

19.07.2017

GBP was the outstanding currency yesterday after the CPI data missed expectations. The headline figure is now back in line with the Bank of England’s forecasts. This eliminates the main reason why the more hawkish members had been advocating for an early rise in interest rates and makes it less...

19.07.2017

A weekly report on the volume of oil reserves in the USA from API is due at 22:30 (GMT+2). Traditionally, their reduction leads to the increase of oil quotes, and growth – to the fall of prices. The volume of reserves has been actively falling for the last two weeks,...

18.07.2017

US dollar is trading in both directions against the main competitors today.

18.07.2017

After rapid growth in May and early June NZD moved to a flatter tendency against USD. 

18.07.2017

Today the main driver of the pair dynamics is June UK Consumer Price indices publication. Despite the expectations, the inflation has fallen mainly due to the decrease of the gas and diesel fuel prices. The Consumer Price Index is 2.6%, the Core Consumer Price Index – 2.4%. The market was...

18.07.2017

On the D1 chart the price is located around the key level of 46.87 [6/8] (rotation, reversal) that has already been tested before. Moving away from this level opens a way for the decrease of the price to the upper border of side channel 45.31, level [5/8], and the mark...

18.07.2017

During the last week Mastercard stocks grew by 3.83% against the growth of the S&P 500 index by 0.04%.

18.07.2017

In the last week the stock of Starbucks grew by 0.90%. S&P500 went up by 0.04% within the same period of time.

18.07.2017

The pair continues to grow and has reached the maximum level since the beginning of the year. The USD is under pressure of the news that two more Republicans won’t support the health care reformation law. The failure of Trump’s Administration to fight the Obamacare program, which the President consider...

18.07.2017

On the daily chart the instrument is moving within the narrow range between the middle line and the lower border of Bollinger Bands, the price came close to the resistance level of 16.20, its growth slowed. MACD histogram is in the negative zone; its volumes are restricting, giving the sell...

18.07.2017

Last week CAD showed the best growth results against USD among all commodity currencies, and the pair USD/CAD moved by 300 points. The main reason for it was the decision of the Bank of Canada to increase its basic rate by 0.25% for the first time in seven years. 

18.07.2017

On the daily chart, the instrument is falling from the middle MA of Bollinger Bands. The price remains above its moving averages that are directed up. The RSI turned down having failed its longer MA. The Composite is about to test its longer MA from above. 

18.07.2017

The trend is upward. On the 4-hour chart the upward momentum within the fifth wave 5 of the higher level is forming. Locally the formation of the fifth wave v of 5 has begun, and within it the entering momentum as a wave (i) of v is forming. If the...

18.07.2017

The trend is upward. The upward momentum within the fifth wave 5 of the higher level is forming. At the moment the fifth wave of the lower level v of 5, within which the development of the wave (iii) continues, is developing. If the assumption is correct, the price will...

18.07.2017

July consumer sentiment index for Eurozone by ZEW will be released at 11:00 (GMT+2). The index expresses the climate in business circles and is based on the poll of analysts of leading enterprises. In case, the indicator shows the difference between the number of pessimistic and optimistic market players. The...

18.07.2017

July consumer sentiment index for Germany by ZEW will be released at 11:00 (GMT+2). The index expresses the climate in business circles and is based on the poll of analysts of leading enterprises. In case, the indicator shows the difference between the number of pessimistic and optimistic market players. The...

18.07.2017

The trend is downward. On the 4-hour chart the downward trend as a third wave 3 of the higher level is forming. Locally the fifth wave v of 3 is developing, and within it the correction (ii) and ended and the development of the wave (iii) of v of the...

18.07.2017

The pair is growing. Продолжается формирование upward momentum as a third wave of the higher level iii. Locally the third wave of the lower level (iii) is developing. If the assumption is correct, the pair will grow to the level of 0.8080. The level of 0.7782 is critical for this...

18.07.2017

Last week yen was consolidating against USD after continuous growth for a month. The growth of the Japanese currency led to the fall of the pair USD/JPY that currently remains on the level of one third of its previous growth which is normal for regular technical correction. This is confirmed...

18.07.2017

UK Consumer Prices Index for June is due at 10:30 (GMT+2). This is the main indicator of inflation showing changes in the main basket of goods and services. On YoY basis the indicator remains on the previous level of 2.9% and MoM it will reduce from 0.3% to 0.2%. This...

18.07.2017

In the morning the US dollar is weakening against its main competitors. 

18.07.2017

A lower-than-expected US Empire State manufacturing index and an article in the Wall Street Journal about weak credit demand led to a weaker USD. The fact that the Senate won’t be able to vote on the health care bill also hurt the currency, presumably because that makes it unlikely that...

18.07.2017

Minutes of the Meeting of Reserve Bank of Australia is due at 03:30 (GMT+2). Documents of this kind attract increased attention of investors as they often contain hints at further development of the national monetary policy. In July RBA kept the interest rate on the level of 1.5% which caused...

18.07.2017

New Zealand consumer prices index for Q2 2017 will be released at 00:45 (GMT+2). It is the main indicator of national inflation that shows changes in the main basket of goods and services. In MoM and YoY terns the indicators are expected to fall which may put pressure on NZD....

17.07.2017

The US dollar is trading in different directions against its main competitors. 

17.07.2017

The British currency continued to strengthen against USD in view of growing investors' interest to the pound. In the end of the previous trading week the UK released positive data on the labor market increasing the demand that was already high. 

17.07.2017

On the 4-hour chart the price is trading within the upward channel and is trying to break the level of 0.9681 (cluster of correction: 61.8% for the middle-term and 23.6% for the short-term trend). At the moment the price is tending to the lower border of the channel, but the...

17.07.2017

Since the publication of Q1 2017 financial report three months ago Johnson & Johnson stocks have grown by almost 5.5%. Tomorrow, July, 18, before the market opening Johnson & Johnson will publish the Q2 2017 financial report. 

17.07.2017

On the H4 chart the price failed to consolidate below the level of 1.1400 (correction 23.6%) but may resume attempts in the near future. Breaking through the level of 1.1400 near the crossing with the line of the upper fan at 38.2% and the 23.6% curve may lead to further...

17.07.2017

Last week, PayPal shares increased by 10.13%. S&P500 went up by 0.05% within the same period of time.     

17.07.2017

On the daily chart, the instrument is trading on the middle MA of Bollinger Bands. The price remains on the level with the SMA200 and below the EMA65, EMA130 that start turning down. The RSI is about to test its longer MA. The Composite is growing having formed a Bullish...

17.07.2017

From the second half of the last week the New Zealand dollar was strongly growing against the US one, despite the New Zealand macroeconomical indices, such as Electronic Card Retail Sales and Food Price Index, were worse than expected. The situation was cause by the USD dynamics, which lowered after...

17.07.2017

On the daily chart, the pair is trading above the upper line of Bollinger Bands. The price remains above its moving averages that turned up. The RSI is turning down having entered the overbought zone. The Composite is testing its strong resistance area. 

17.07.2017

Last week after an attempt to test the support zone of 47.30-46.50 USD per barrel oil started to strengthen. 

17.07.2017

Eurozone consumer price index is due at 11:00 (GMT+2). The indicator is expected to grow to 0.0% in June from -0.1% a month earlier MoM. On YoY basis the indicator will remain unchanged at the level of 1.3% in June. It is the key indicator of inflation in the Eurozone...

17.07.2017

The trend is upward. The upward momentum within the third wave of the higher level 3 is forming. Locally the fifth wave v of 3, within which the third wave of the lower level (iii) is ending, is developing. If the assumption is correct, the price will grow to the...

17.07.2017

The price is growing. On the 4-hour chart the upward momentum as a fifth wave v within the third wave 3 of the higher level s forming. Locally the upward momentum as a third wave (iii) of v of the lower level is developing. If the assumption is correct, the...

17.07.2017

The trend is downward. On the 4-hour chart the downward momentum within the wave C of the higher level is developing. Locally the third wave of the lower level (iii) of iii of C, within which the lengthening is forming, is developing. If the assumption is correct, the pair will...

17.07.2017

The decreasing of the pair is expected. The downward correction of the higher level, within which the development of the wave с has begun, is forming. Locally the first wave of the lower level (i) is forming. If the assumption is correct, the pair will fall to the level of...

17.07.2017

Today the US currency is slightly growing after Friday’s weakening due to the negative Consumer Price Index and Retail Sales data publications. The Retail Sales volume decreased by 0.2%, as the Consumer Price Index was at the level of 1.6%. 

17.07.2017

USD weakened sharply on Friday after CPI inflation, which was forecast to be lower, slowed even more than expected. To make matters worse, retail sales fell for the second consecutive month and consumer sentiment also fell more than expected (although industrial production, which the Fed watches closely, did beat slightly). 

14.07.2017

14.07.2017

The pair is still likely to fall.

14.07.2017

Today the US dollar is lowering against its main competitors. 

14.07.2017

During Thursday’s trading session the WTI price grew to the level of 46.36. Oil seems to end the trading week in the positive zone, as the investors are paying more attention to the reports showing high demand, than the ones showing the oversupply from the key OPEC exporters.

14.07.2017

In the end of June the price of gold changed direction and the metal got cheaper due to the fall of demand for safe haven assets. An additional catalyst for the fall of the quotes was the decision of FOMC to increase the key interest rate and reduce the stimulation...

14.07.2017

The Industrial Production publication is due at 15:15 (GMT+2) in the USA. The index is expected to grow to 0.3% in June from 0.0% in the previous month. It represents industrial output in the US and is one of the major indicators of the state of the national economy. It...

14.07.2017

Yesterday Canadian dollar continued to strengthen against USD. The market is under the influence of interest rate increase by the Bank of Canada which caused the pair to decrease by over 200 points. US dollar failed to regain at least a part of its positions, and reserved comments by the...

14.07.2017

Last week the Bank of America shares dropped by 0.36% against the growth of the S&P 500 index by 0.90%.

14.07.2017

The Consumer Price Index is due at 14:30 (GMT+2) in the USA. The YoY index is expected to drop to 1.7% in June from 1.9% in the previous month. The MoM index is expected to grow to 0.1% in June –0.1% in the previous month. It is the key indicator...

14.07.2017

The Retail Sales data are due at 14:30 (GMT+2) in the USA. The MoM index is expected to grow to 0.1% in June –0.3% in the previous month. It indicates consumer spending and represents the change in the volume of retail sales. A growth in the index is the positive...

14.07.2017

Last week, Netflix shares increased by 8.18%. S&P500 index gained 0.90% within the same period.

14.07.2017

On the chart the price has rebounded from the key level of 114.06 [6/8] (Pivot, Reverse), which it has been trying to cross since the beginning of the year. 

14.07.2017

The key event of the previous day was the speech of Janet Yellen before the US Congress. The head of FOMC pointed out positive tendencies in the US economy and stated the regulator was planning to increase interest rates before the end of the year. Yellen's comments did not lead...

14.07.2017

Last week the USD/CHF pair has been consolidating due to some strong technical and fundamental factors. One of it is the position of Swiss Central Bank, which has accented its position that the mild monetary policy is necessary, and his concerns upon the fact that the CHF is overpriced. 

14.07.2017

The Trade Balance is due at 12:00 (GMT+2) in the Eurozone. The index is expected to grow to 20.3 billion EUR in May from 19.6 billion in the previous month. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus...

14.07.2017

On the daily chart, the instrument is trading just above the middle MA of Bollinger Bands. The price remains above its moving averages that are turning horizontally. The RSI is growing having broken out its longer MA. The Composite is approaching its strong resistance area. 

14.07.2017

The trend is upward. The upward momentum as a third wave 3 of the higher level is developing. Locally t the fifth wave (v) of iii, within which the wave iii of (v) is forming, is developing. If the assumption is correct, the price will grow to the levels of...

14.07.2017

The trend is downward. The upward trend within the fifth wave of the higher level has developed. Locally the development of the large downward correction has begun, within which the “bearish” momentum as a first wave of the lower level (i) is developing. If the assumption is correct, the price...

14.07.2017

The trend is upward. On the 4-hour chart the fifth wave 5 of the higher level is forming. At the moment the downward correction ii of 5, shaped as a zigzag (a)(b)(c), has ended, and the development the third wave iii of 5 has began. If the assumption is correct,...

14.07.2017

The trend is upward. On the 4-hour chart the upward trend as a third wave of the higher level 3 is developing. At the moment the fifth wave v of 3 of the lower level is forming, within which correction (ii) has ended as an irregular flat. If the assumption...

14.07.2017

In its continuous growth the pair AUD/USD broke through the important psychological level of 0.7700 and updated a 3-month maximum. Positive dynamics continued during all trading days of the current week. 

14.07.2017

On Thursday the US dollar was trading in different directions.

14.07.2017

AUD was the best performing major currency over the last 24 hours as iron ore prices rose nearly 3% and investors put on carry trades, particularly vs JPY (which weakened accordingly). Australian bond yields are the second-highest among the major countries.

14.07.2017

The May Industrial Production publication is due at 06:30 (GMT+2) in Japan. The MoM index is expected to stay on the same level of 3.3%. The indicator represents changes in industrial output in Japan. Data on industrial production is one of the major indicators of the state of the national...

14.07.2017

Business NZ PMI is due at 00:30 (GMT+2). The index is based on survey responses from purchasing managers regarding their assessment of current economic conditions and economic growth prospects. A reading above 50 represents a generally optimistic assessment and strengthens the NZD. A reading below 50, on the contrary, represents...

13.07.2017

The US dollar is trading in different directions against its main competitors. 

13.07.2017

The British currency continues to attract the investors' interest despite weak releases of the previous trading week. During the first trading week of June negative data on key indexes, industrial output, and processing industry were released in the UK. 

13.07.2017

On Wednesday and today in the morning the USD was strengthening against the EUR. The dollar was supported by the FRS officials. Janet Yellen in her speech in the financial committee of the House of Representatives in the Congress said that the regulator will support the policy of the gradually...

13.07.2017

FOMC's Janet Yellen speech is due at 16:00 (GMT+2). The head of FOMC is to speak before the US Congress with a report on the current economic situation and to answer the questions of the congressmen afterwards.  Her comments may cause a surge of market volatility.

13.07.2017

Dow Jones continues to crack records: by now the price has reached the level of 21554.5 and the resistance level of 6/8 Murrey is at 21562.8. 

13.07.2017

The data on initial jobless claims in the USA are due at 14:30 (GMT+2). The value is expected to drop to 245K a week against 248K in the previous week. The value indicates the number of new jobless claims. The index is published every Thursday and shows the value of...

13.07.2017

During the last week Cisco stocks grew by 0.16% against the growth of the S&P 500 index by 0.83%.

13.07.2017

During the previous week the shares of eBay grew by 3.77%. S&P500 index went up by 0.83% during the same period.

13.07.2017

The pair NZD/USD is showing growth in view of statements by FOMC head Janet Yellen about possible extension of the terms of interest rate increase. The lack of "hawkish" tendencies in the comments of the regulators' Chair disappointed the investors and catalyzed active sales of USD.

13.07.2017

On the daily chart, the instrument is trading on the middle MA of Bollinger Bands. The price remains below the EMA65, EMA130 and SMA200 that start turning down. The RSI is about to retest its longer MA from above. The Composite is showing similar dynamics. 

13.07.2017

The weakening of the yen that has been going on gradually for a month, gained an additional impulse in the beginning of the current week after the release of the data on the Japanese trading balance that appeared to be worse than expected. 

13.07.2017

The CAD has been growing against the USD for the second month in a row. Last week and in the beginning of the current week it was supported by the positive Canada macroeconomical employment indicators and Ivey Purchasing Managers Index, which has reached almost maximum of the last two years. 

13.07.2017

On the D1 chart the instrument is testing the support level of 15.85. Bollinger Bands are directed downwards, while the price range remains unchanged which is the reason for changing the trend into the downward one. MACD histogram is in the negative zone keeping the sale signal. Stochastic entered the...

13.07.2017

The price can go down. The downward momentum as a first wave 1 of (С) is forming. Locally the ending the fifth wave v of 1 is developing. If the assumption is correct, the price will fall to the level of 146.00 within the fifth wave. The level of 157.25...

13.07.2017

The trend is upward. On the 4-hour chart the fifth wave of the highest level v of 5 is forming as a momentum. Locally the third wave of the lower level (iii) has ended, and a correction as a wave (iv) is forming. If the assumption is correct, the price...

13.07.2017

The trend is downward. On the 4-hour chart the downward trend as a third wave 3 of the higher level is forming. Locally the fifth wave v of 3 is developing, and within it the development of the wave (iii) of v of the lower level has begun. If the...

13.07.2017

American currency failed to demonstrate single dynamics against its main competitors on Wednesday. The dollar strengthened against EUR but fell against all other currencies. 

13.07.2017

The pair can go down. The downward correction as a flat as a second wave (ii) within the third wave of the higher level iii is forming. Locally the formation of the wave b of (ii) is ending. If the assumption is correct, the pair will fall to the levels...

13.07.2017

Wow, was I wrong! Not only did the Bank of Canada (BoC) raise rates, but the effect on CAD was stunning – USD/CAD plunged 2.2 cents before finally rising a bit. My deepest apologies. It’s said that “he who makes his living with a crystal ball has to learn to...

13.07.2017

German Consumer Prices Index is due at 08:00 (GMT+2). The indicator is expected to remain unchanged on the level of 1.6% YoY in June. On monthly basis the indicator will also remain unchanged at the level of 0.2% in June. The index shows the changes in household commodity and service...

12.07.2017

FOMC Beige Book Economic Review is due at 20:00 (GMT+2). The review prepared by 12 US Federal Banks provides an assessment of current economic situation. Optimistic comments of experts are considered a positive signal and strengthen USD. Negative ones, on the contrary, put pressure on US dollar. 

12.07.2017

Today the US dollar is trading in different directions against the main competitors.

12.07.2017

The Beige Book is a collection of anecdotal evidence about the economy that the 12 regional Fed offices collect from their districts and publish two weeks before an FOMC meeting to give Committee members an idea of conditions around the country. Although there is no one number that sums up...

12.07.2017

The European currency continued to strengthen against USD in the framework of upward correction. Yesterday the pair EUR/USD managed to break through the local maximum of 1.1450 and move up to new levels. 

12.07.2017

After announcing its decision on the interest rate the Bank of Canada is to make a follow-up statement containing comments on made decisions and monetary policy.

12.07.2017

Bank of Canada Decision on the Interest Rate is due at 16:00 (GMT+2). The indicator is expected to remain unchanged on the level of 0.5%. The Bank of Canada  makes the decision based on current economic situation and inflation level. The growth of the indicator strengthens CAD. If the rate stays...

12.07.2017

Fed's Janet Yellen speech is due at 16:00 (GMT+2). The head of FOMC is to speak before the US Congress with a report on the current economic situation and to answer the questions of the Congressmen afterwards. Her comments may cause a surge of market volatility.

12.07.2017

During the last week Pfizer stocks decreased by 1.92% against the growth of the S&P 500 index by 0.05%.

12.07.2017

During trading on Tuesday gold price rose to the level of 1217.43 in view of rapid fall of the US currency. 

12.07.2017

During the previous week the shares of Adobe grew by 3.27%. S&P500 went up by 0.05% within the same period.

12.07.2017

This week the GBP/USD pair is trading in the downward correction from the June maxima at the area of 1.3030. 

12.07.2017

The US dollar is weakening against the Swiss franc. 

12.07.2017

WTI quotes are growing after the release of initial data from API indicating that more considerable reduction of US oil reserves as expected. According to the report, during the week they reduced by 8.13 mln barrels. This helped WTI gain 2.75% and increase to the level of 46.00. 

12.07.2017

On the daily chart, the instrument is trading in the lower Bollinger band. The price remains just above the SMA200, but below the EMA14, EMA65 and EMA130, all are horizontal. The RSI is testing its longer MA from above. The Composite is falling. 

12.07.2017

The pair AUD/USD has been correcting to its earlier growth for two weeks. This dynamics of the pair was determined by weakened USD and pressure from the policy of the Reserve Bank of Australia that kept the interest rate on the low level. 

12.07.2017

The data on the European industrial output is due at 11:00 (GMT+2). On a monthly basis the indicator is expected to grow to 1.1% in May from 0.5% a month earlier. On the annual basis the indicator is expected to increase to 1.1% in May from 0.5% a month earlier....

12.07.2017

The correction continues. The price can lower. On the daily chart the downward correction of the higher level as a wave 2, which is taking the shape of a flat, is forming. Locally the wave c of 2, within which the “bearish” momentum is developing, is developing. If the assumption...

12.07.2017

The correction continues. The price can lower. On the 4-hour chart the downward correction as a fourth wave iv is forming. Locally the ending wave (с) is developing as a momentum, within which the third wave of the lower level iii of (c) has ended. If the assumption is correct,...

12.07.2017

The trend is downward. On the 4-hour chart the downward momentum within the wave C of the higher level is developing. Locally the third wave of the lower level (iii) of iii of C is developing. If the assumption is correct, the pair will fall to the levels of 1.2800–1.2700....

12.07.2017

The trend is upward. The upward trend as a third wave iii within the wave C of the higher level is forming. Locally the development the third wave of the lower level (iii) has ended, and the correction as a wave (iv) is forming. If the assumption is correct, the...

12.07.2017

The data on ILO unemployment rate are due at 10:30 (GMT+2). The indicator is expected to remain unchanged on the level of 4.6% in May. ILO is one of the main indicators of the UK labor market. It demonstrates the shares of employable citizens of the country that have no...

12.07.2017

The data on the UK jobless claims is due at 10:30 (GMT+2). The indicator is expected to increase to 10.0K in June from 7.3K a month earlier. The indicator shows the amount of British citizens not having a job. High values of the indicator weaken GBP, and low ones strengthen...

12.07.2017

The pair NZD/USD spent the previous week in the narrow range between the key resistance level of 0.7300 and the upper border of the black D1 channel, but yesterday broke down from the range.

12.07.2017

During Thursday’s trading session the US dollar decreased against most of the main currencies, except the British pound.

12.07.2017

Central bank speakers made most of the running yesterday. EUR hit a high for the year after ECB Executive Board member Benoit Coeure indicated that the ECB wasn’t concerned about how its monetary policy had affected the euro. “Currency depreciation is a side-effect of policy and neither its main transmission...

12.07.2017

The data on Westpac Consumer Confidence Index are due at 02:30 (GMT+2). The index is based on a poll aimed at evaluating the respondents' confidence in the economic situation and readiness for major purchases. High values of the indicator strengthen AUD, and low ones weaken it. 

11.07.2017

The only significant indicator out overnight will be Australia’s Westpac consumer confidence index, and economists don’t forecast it. As the graph shows however, Australian confidence has been slipping for the last several months – in fact, since last November it’s only risen notably one month (February). Falling confidence is likely...

11.07.2017

Today, US dollar is trading in both directions against its main competitors. 

11.07.2017

While the world economy situation is unstable or the USD is lowering the metal is growing due to the investors’ interest increase. This was the reason of the rapid growth of silver in May and the beginning of June this year, risk assets were losing the investors’ support, as the...

11.07.2017

Brent oil continues to trade in the wide downward channel. The price broke through the moving average line of Bollinger Bands and is moving to June minimums at 44.80. 

11.07.2017

The pair continues to grow for the fourth week in a row and by now has reached the level of 114.50 (Fibo correction 61.8%). USD is much more popular than yen today due to a number of political and economic factors. 

11.07.2017

Yesterday the pair NZD/USD started to fall after FOMC released the data on the volume of consumer crediting. 

11.07.2017

Today the AUD/USD pair is growing due to the positive National Australia Bank's Business Confidence publication. 

11.07.2017

In the previous week the stock of Exxon Mobil dropped by 0.71%. S&P500 went up by 0.06% within the same period.

11.07.2017

During the last week Alibaba Group stocks grew by 2.07% against the growth of the S&P 500 index by 0.06%.

11.07.2017

The pair USD/CHF has been trading flat within the range no wider than 150 points for the second week. 

11.07.2017

For two recent weeks CAD has been demonstrating the best growth results against USD among all other currencies. It is explained by the statements of the head of the Bank of Canada Poloz and his deputies, namely their “hawkish” rhetoric.

11.07.2017

On the daily chart, the instrument is correcting up from the lower line of Bollinger Bands. The price remains on the level with the EMA14, EMA65 and above the EMA130, SMA200 that are directed up. The RSI is growing having formed a “double bottom” reverse formation. The Composite has formed...

11.07.2017

The correction has ended. The growth of the price is expected. On the 4-hour chart the upward momentum within the fifth wave 5 of the higher level is forming. Locally завершилось формирование the downward correction as a fourth wave (iv). If the assumption is correct, the price will grow within...

11.07.2017

The growth of the price is expected. The upward momentum within the fifth wave 5 of the higher level is forming. At the moment the development the downward correction as a fourth wave, shapes as a zigzag (a)(b)(c), has ended. If the assumption is correct, the price will grow to...

11.07.2017

The correction is ending. The growth of the pair is expected. On the 4-hour chart the fifth wave 5 of the higher level is forming. At the moment the upward momentum as a wave i of 5 has formed, and the downward correction ii, shaped at a zigzag (a)(b)(c), has...

11.07.2017

The growth of the pair is expected. On the 4-hour chart the upward trend as a third wave of the higher level 3 is developing. At the moment the fifth wave v of 3, within which the third wave of the lower level (iii) of v is developing, is forming....

11.07.2017

Due to the lack of key macroeconomic issues on Monday the main currency pairs changed insignificantly and continued to move within the dynamics, set on Friday.

11.07.2017

It was a very quiet day Monday, with most currencies staying in a relatively narrow ±0.2% range. Turnover in EUR/USD on the major electronic markets was said to be the lowest for the year. 

11.07.2017

The data on mortgages in Australia are due at 03:30 (GMT+2). The indicator shows the number of new issued mortgages and is one of the main indexes in the real estate market. The growth of the indicator strengthens AUD, and its fall weakens the currency.

11.07.2017

The data on retail sales with the use of electronic payment cards will be released at 00:45 (GMT+2). The indicator shows the number of purchases made with the use of credit and debit cards and shows the state of the retail sector. High values are a positive factor for NZD,...

10.07.2017

Today US dollar has mixed dynamics against the competitors. It was falling on Monday, as the market was correcting after positive Friday data from the US labor market, but in the second half of the day it began to strengthen again and by now has regained all lost positions.

10.07.2017

US consumer credit is watched as an indicator of the health of the all-important US consumer, but it isn’t particularly market-affecting, except perhaps for certain consumer stocks or stock-market sectors.

10.07.2017

The British currency continues to trade in the wide upward channel against USD.

10.07.2017

The Labor Market Conditions Index is due at 16:00 (GMT+2). The indicator has been developed by FOMC economists and consists of 19 elements describing the labor market. The index is a key indicator of US economic development. High values have a positive impact on the rate of USD, and low...

10.07.2017

On the H4 timeframe Dow Jones index is trading around the support level of 21406.7 or +1/8 Murrey. If it is broken through in the near future, the next target will be the level of 21309.2.

10.07.2017

Last week the pair tested the level of  1.1440 but is still unable to consolidate above it. 

10.07.2017

The start of production of anticipated Model 3 Sedan is expected at June, 28. Tesla plans to increase the production to 500K against the last year plan of 84K cars. 

10.07.2017

During the recent week the stock of Wal-Mart dropped by 0.79%. S&P500 in the same period went up by 0.15%.

10.07.2017

During the previous week the pair grew and managed to break out an important resistance level of 112.50 strengthened by Fibo level 50% of the total price range for the recent two years and the level of 161.8% from wave B. Breaking through this strong level indicates high potential for...

10.07.2017

On the daily chart, the instrument is trading below the lower line of Bollinger Bands. The price remains below its moving averages that start turning down. The RSI is entering the oversold zone. The Composite is forming a divergence with the price suggesting a growth possibility. 

10.07.2017

Last week the NZD/USD pair was trading in the narrow flat within the levels of 0.7240 and 0.7300. 

10.07.2017

Last Friday the pair was under pressure after the release of a positive employment report from Canada. Thus, the chances for the increase of the monetary policy by the Canadian regulator this Wednesday increased rapidly. 

10.07.2017

The trend is upward. On the 4-hour chart the upward momentum as a fifth wave v within the third wave 3 of the higher level is forming. Locally the third wave (iii) of v of the lower level as a momentum is developing. If the assumption is correct, the price...

10.07.2017

The trend is upward. The upward momentum within the third wave of the higher level 3, within which the fifth wave v of 3 as a momentum of the lower level is developing, is forming. Locally the third wave (iii) of v of the lower level is forming. If the...

10.07.2017

The trend is downward. On the 4-hour chart the downward trend as a third wave 3 of the higher level is forming. Locally the fifth wave v of 3 is developing, and within it the correction (ii) has ended, and the development of the wave (iii) of v has begun....

10.07.2017

The correction continues. The downward correction as a second wave (ii) within the third wave of the higher level iii is forming. Locally the zigzag is developing, and within it the formation of the wave c of (ii) and the lowering of the pair to the levels of 0.7516–0.7470 is...

10.07.2017

During Friday’s trading session the US dollar grew against its main competitors. Despite the fact that US employment data, published on Friday, were mixed, the investors focused on the positive Nonfarm Payrolls data. The indicator was better than expected and reached the level of 222K in June against 152K in...

10.07.2017

Friday’s employment data was stunning – much better than expected – and sent the currency up sharply. No, not the USD, I’m talking about the CAD. The unemployment rate was expected to be unchanged but fell, while the net change in employment was 4.5x as much as expected. The market...

10.07.2017

The data on the German trading balance is due at 08:00 (GMT+2). The indicator shows the difference between import and exports of goods and services in monetary terms. A positive value means trading proficiency, i.e. the dominance of export over import. A negative value indicates trading balance deficiency. High values...

10.07.2017

The data on orders for machine building products from Japan is due at 01:50 (GMT+2). The indicator is expected to grow to 7.7% in May from 2.7% a month earlier YoY. On the monthly basis the indicator should increase to 1.7% in May from -3.1% a month earlier. The index...

07.07.2017

07.07.2017

Today USD is trading in both directions against its main competitors.

07.07.2017

Ivey PMI for June is due at 16:00 (GMT+2). The index is calculated by Ivey Business School and gives estimation of current economic conditions in the country. The values above 50 show that business activity is increasing, thus strengthening CAD. The values below 50 show business decline, weakening CAD.

07.07.2017

Rapid growth of New Zealand currency was replaced by side consolidation. The volume of demand for NZD started to decrease, investors are fixing long positions in the pair, and this catalyzes the fall of the trading instrument.

07.07.2017

The pair GBP/USD reduced to the level of 1.2885. The pound weakened under the influence of negative data on industrial output and trading balance. 

07.07.2017

During the previous week Verizon shares went down by 2.94%. S&P500 dropped by 0.38% in the same period of time. 

07.07.2017

The data on employment rate changes in Canada are due at 14:30 (GMT+2). The indicator shows the dynamics of the number of employed persons. The growth of the indicator shows economic development and strengthens CAD, and its fall weakens it.

07.07.2017

The data on average hourly salary from the USA are due at 14:30 (GMT+2). The indicator is expected to grow to 0.3% in June from 0.2% a month earlier. It shows changes in average hourly salary. High values strengthen USD, and low ones weaken it. 

07.07.2017

US unemployment rate is due at 14:30 (GMT+2). The indicator is expected to remain unchanged on the level of 4.3% in May. This is one of the key macroeconomic indicators showing the rate of unemployed citizens to the overall number of work force. The growth of this indicator weakens USD,...

07.07.2017

Nonfarm Payrolls data are due at 14:30 (GMT+2). The indicator is expected to grow to 180 thousand in June against 138 thousand a month earlier. This is one of the main employment indexes in the USA showing the number of employees outside the farming industry. High values indicate the growth...

07.07.2017

During the previous week the stock of Visa grew by 1.50%. S&P500 went down b 0.38% in the same period.

07.07.2017

On the H4 chart the price is around the level of 15.80, and in case it its broken down the price may go further to the levels of 15.31 (correction 76.4%) and 14.70. If the price moves up from 15.80, growth may continue to the collection of corrections (23.6% and...

07.07.2017

On the weekly chart, the pair is falling along the lower line of Bollinger Bands. The price remains just above the SMA200, which is horizontal. The RSI is forming a “double bottom” reverse formation just above the border of the oversold zone. The Composite starts forming a divergence with the...

07.07.2017

Under the influence of low prices for ore and copper and the decision of RBA to leave the interest rate unchanged on the level of 1.5%, the rate of AUD/USD dropped to 0.7570. Having broken through the upper border of the green channel D1, the pair is consolidating around the...

07.07.2017

As a result of trading on Thursday oil prices showed mixed dynamics. After the release of the report by the US Department of Energy that showed the reduction of commercial reserves by 6.299 mln barrels a week, the quotes started to actively grow. 

07.07.2017

FTSE, D1 On the daily chart, the instrument is trading in the lower Bollinger band. The price remains below the EMA14, EMA65 that start turning down, but above the EMA130 and SMA200 that turned horizontally. The RSI is about to test its most recent support near the border of the...

07.07.2017

The European currency continues to consolidate against USD and gained considerable support from the statements by ECB representatives about their plans to refuse from mild fiscal policy.

07.07.2017

Corrective growth of the price is expected. The formation of the upper trend within the framework of the fifth wave of the highest level seems to have ended. Locally, the development of downward correction is likely to have stated, and within it the first wave of the lowest level (I)...

07.07.2017

The data on the UK industrial output is due at 10:30 (GMT+2). The indicator is expected to grow to 0.4% in May from 0.2% a month earlier on a monthly basis. On year-on-year basis, the indicator is expected to grow to 0.2% in May from -0.8% a month earlier. It...

07.07.2017

The upward trend is active. An upward impulse seems to continue developing as the third wave 3 of the highest level. Locally, the fifth wave (v) of iii seems to be developing, and within it the growth of the price is likely to continue to 160.00-165.00. A critical level for...

07.07.2017

The downward trend is active. The downward impulse seems to continue to develop as the first wave i of C within the H4 timeframe. Locally, the third wave of the lowest level (iii) seems to have developed and begun upward correction as (iv). If the assumption is correct, after the...

07.07.2017

The possibility of growth in the pair remains. The formation of the third wave iii within C wave of the highest level seems to continue. Locally the development of the third wave of the lowest level (iii) seems to develop, and the extension of the wave structure may form in...

07.07.2017

As a result of trading on Thursday USD demonstrated mixed dynamics against the majors. The most important macroeconomic event of today will be the release of the US labor marker data (14:30 GMT+2).

07.07.2017

The sell-off in global bond markets continued. This is one of the driving forces in the FX market right now. The fact that German yields are rising so much faster than US yields is one of the main reasons why EUR is gaining on USD.

06.07.2017

If that chain of causation does really work, then in theory as the unemployment rate falls, the inflation rate should rise. This is called the Phillips Curve, named after the economist who first formulated the relationship. It’s hard to draw this curve for Japan, because the recent CPI data is...

06.07.2017

Today the US dollar is trading in different directions against the main competitors. 

06.07.2017

The ISM Non-Manufacturing PMI publication is due at 16:00 (GMT+2) in the USA. The indicator is expected to fall to 56.5 points in June from 56.9 points in the previous month. The index is based on surveys of executives of the companies operating in the services sector regarding their opinion...

06.07.2017

Gold is losing positions against USD again in view of outflow of investments. In the previous month the metal lost over 71 dollars in price, and the fall continues. 

06.07.2017

This week the AUD/USD pair was corrected to the middle line of Bollinger Bands (0.7590), but at the moment the fall slowed. It was caused by the negative reaction to the RBA keeping the interest rise on the same level of 1.5%. 

06.07.2017

During the last week Mastercard stocks fell by 0.62% against the growth of the S&P 500 index by 0.14%.

06.07.2017

During the last week United Technologies Corp. shares grew by 0.99%. S&P500 gained 0.14% within the same period of time.

06.07.2017

The Initial Jobless Claims publication is due at 14:30 (GMT+2) in the USA. The index is expected to fall to 243K in a week against 244K in the previous period. It represents the number of new unemployment claims and is published weekly on Thursdays. It allows approximating what nonfarm payrolls...

06.07.2017

The ADP Employment Change data are due at 14:15 (GMT+2) in the USA. The index is expected to fall to 187K in June from 253K in the previous month. The index represents employment change in non-agricultural sectors. It is based on data from about 500 thousands companies in the US....

06.07.2017

Yesterday was a difficult day for USD. Dollar dropped from a local maximum in view of the release of the minutes of the last meeting of FOMC Open Markets Committee. Investors were disappointed as they expected that the contents of the minutes would not contradict the "hawkish" plans of FOMC...

06.07.2017

This week the NZD/USD pair is trading in the downward correction from the 4-months maxima at the level of 0.7345. The fall is technical, as the price cannot cross the resistance area of 0.7320–0.7380, which it has been testing since September, 2016. 

06.07.2017

The ECB Monetary Policy Meeting Accounts publication is due at 13:30 (GMT+2). Account of the monetary policy meeting contains an overview of the current economic situation, commentaries on the recent monetary policy decisions and macroeconomic forecasts.

06.07.2017

Yesterday WTI quotes dropped by over 3% to the level of 45.00 after it was announced that OPEC states had increased the volume of exported oil by 450K barrels to 25.92 mln barrels a day. 

06.07.2017

The CAD is strengthening against the USD after the announcement that the Bank of Canada would cut the volumes of stimulation policy. 

06.07.2017

On the daily chart, the instrument is trading in the lower Bollinger band. The price remains below the EMA14, EMA65 that start turning down, but above the EMA130 and SMA200 that are directed up. The RSI is approaching the border of the oversold zone. The Composite is testing its longer...

06.07.2017

The rate of USD/CHF has been consolidating since the beginning of the week. The price of the pair moved from the strong support level of 0.9550 and the lower border of the black channel D1 and while correcting broke through the level of 0.9600 and the lower border of the...

06.07.2017

The trend is downward. The downward momentum as a first wave 1 of (С) is forming. Locally the correctional fourth wave iv of 1 has formed, and the ending fifth wave v of 1 is developing. If the assumption is correct, the price will lower to the level of 146.00...

06.07.2017

The trend is upward. On the 4-hour chart the fifth wave of the higher level v of 5 is forming as a momentum. Locally the third wave of the lower level (iii) is developing. If the assumption is correct, the price will grow to the levels of 97.00–00.20. The level...

06.07.2017

The pair is in correction. On the 4-hour chart the fifth wave 5 of the higher level is forming. At the moment the upward momentum as a wave i of 5 has formed, and the downward correction ii is developing. If the assumption is correct, the pair will fall to...

06.07.2017

The correction continues. On the 4-hour chart the upward trend as a third wave of the higher level 3 is developing. At the moment the formation of the fifth wave v of 3 continues, and within it the momentum as a first wave (i) of the lower level has formed,...

06.07.2017

During previous trading session the US dollar was trading in different directions against the main currencies, which prices have changed insignificantly. The FOMC Minutes publications didn’t result in a great dynamics of the prices, as the report didn’t show the unambiguous position of the regulator upon the interest rate rise....

06.07.2017

USD gained as the FOMC minutes showed Committee members observing that financial conditions have eased despite higher interest rates. This opens the door for them to raise rates more aggressively than the market expects, because the net impact of higher rates on borrowers is less than the FOMC members had...

06.07.2017

The Factory Orders data are due at 08:00 (GMT+2) in Germany. The MoM indicator is expected to grow to 2.0% in May from –2.1% in the previous month. The index is based on data on new and incomplete orders. Also includes information on inventories. A growth in the index generally...

06.07.2017

The Trade Balance publication is due at 03:30 (GMT+2) in Australia. The index is expected to grow to 1100 million dollars in May from 555 million in the previous month. The data on trade balance represents the difference between the value of exports and imports. Positive values imply the balance...

05.07.2017

The FOMC Minutes is due at 20:00 (GMT+2) in the USA. The committee gives their opinion on current economic conditions in the US and decides on the direction of monetary policy and has a high impact on the market.

05.07.2017

The FOMC meeting minutes are going to set the tone for the late US session and overnight. As I said this morning, I expect that the two major questions will be A) why did they decide to announce their plans to reduce the Fed’s balance sheet, and B) what are...

05.07.2017

During yesterday’s trading session silver dropped to the level of 16.00. During the morning trading session the XAG/USD pair crossed this strong level and reached the level of 15.86 in a peak. 

05.07.2017

Today, the US dollar continued to strengthen against its major competitors. EUR/USD fell to the area of ​​1.1310. 

05.07.2017

During the last week Procter & Gamble stocks lowered by 1.81% against the growth of the S&P 500 index by 0.18%.

05.07.2017

The Factory Orders (MoM) data is due at 16:00 (GMT+2) in the USA. The index is expected to fall to –0.5% in May from –0.2% in the previous month. The index represents the change in the volume of factory orders. It allows estimating the pace of the growth of the...

05.07.2017

On the daily chart, the instrument is correcting down from the upper line of Bollinger Bands. The price remains below its moving averages that are horizontal. The RSI is turning down. The Composite turned down as well, having failed its strong resistance. 

05.07.2017

Over the past two months, the European currency against the dollar has been trading within a steep ascending channel, but at the moment it is falling to its lower limit at 1.1280. The catalyst for the fall of the euro was the moderate comments of ECB representatives on the change...

05.07.2017

The Dow Jones index continues to trade around the historical maximum, at 21563.0 or 2/8 Murray. 

05.07.2017

During the June trading sessions Snap Inc. stocks fell by more than 16% and are now trading slightly above the March prices, when it was placed at IPO, at the level of 17 USD per stock. 

05.07.2017

The pair began the week with the fall from the level of 1.3030, which has been tested already in May. 

05.07.2017

The pair is under pressure and has almost reached the minimum level from last September. Two strong factors are pushing the pair down. The strengthening of the USD/CAD pair is prevented by the Bank of Canada intention to increase the interest rate next month. 

05.07.2017

The Japanese yen is falling for the third week in a row against the US dollar, and the pair USD/JPY has almost updated the two-month high. 

05.07.2017

The correction continues. The price can go down On the 4-hour chart the downward correction as a fourth wave iv is forming. Locally the wave (с), within which a momentum is forming, is developing. If the assumption is correct, the price will fall to the level of 32.07. The level...

05.07.2017

The price can grow. The formation of the downward correction as a wave (ii) of iii, within which the zigzag abc has formed, has ended. Locally, the third wave (iii) has begun; whithin this third wave the first wave of the micro level i has formed, and the downward correction...

05.07.2017

The growth of the pair is expected. On the 4-hour chart the downward trend within the third wave 3 of the higher level is forming. Locally the third wave of the lower level iii of 3 has ended, and the upward correction as a wave iv of 3 is forming....

05.07.2017

The price is in correction. The pair can decrease. The third wave iii of 3 of the higher level is forming. Locally the first wave of the lower level (i) has formed, and the development the downward correction (ii), within which the fall of the pair to the levels of...

05.07.2017

The Markit Services PMI is due at 10:30 (GMT+2) in the UK. The index is expected to fall to 53.5 points in June from 53.8 points in the previous month. The index evaluates the state of the services sector. It is based on surveys of executives of the companies operating...

05.07.2017

Yesterday, positive statistics were published on indices of confidence business circles in New Zealand and prices for dairy products. American market was closed in honor of Independence Day. 

05.07.2017

Due to the lack of key macroeconomic releases and the celebration of the Independence Day in the USA the main currency pairs were trading within the narrow ranges and changed insignificantly.

05.07.2017

The Markit Services PMI is due at 10:00 (GMT+2) in the EU. The index is expected to stay at the same level of 54.7 points in June. The index is based on survey responses from executives of the companies operating in the manufacturing and services sectors regarding current economic conditions...

05.07.2017

Most major currencies traded in a narrow range yesterday as the US Independence Day holiday took a lot of traders out of the market.

04.07.2017

There are two New Zealand indicators out overnight, but they are usually not significantly market-affecting and the economist community doesn’t bother forecasting them.

04.07.2017

Today the European market is generally calm due to the absence of important fundamental releases and celebration of the Independence Day in the USA. 

04.07.2017

During yesterday’s trading session the WTI price grew by 2% to the level of 47.00 and ended the trading day in the positive zone for the 8th day in a row. The growth catalyst was the drop of the US oil production and the decrease of the rigs number.

04.07.2017

After considerable growth in late June and early July the pair reached the key resistance level of 1.3040 and moved to downward correction. The main catalyst of the fall was the change in trading tendencies. USD was supported by FOMC Chair Janet Yellen who pointed out the improvement of the...

04.07.2017

Manufacturing PMI from Canada is due at 15:30 (GMT+2). The index is based on polls taken among the managers of 400 major companies in order to assess the current economic situation in the sector and the prospects of its development. Values above 50 reflect positive estimates and lead to the...

04.07.2017

On Monday the pair was corrected due to the strong USA Markit Manufacturing PMI publication, which exceeded the expectation in June and reached the level of 57.8 points (the most significant growth from 2014).

04.07.2017

On the daily chart, the instrument is trading on the lower line of Bollinger Bands. The price remains below its moving averages that start turning down. The RSI turned up having tested the border of the oversold zone. The Composite begins forming a divergence with the price and RSI, suggesting...

04.07.2017

Swiss index of main economic indicators was released last Friday and was not only better than expected but one of the best in five years. Despite little news and mild policy of the National Bank of Switzerland, the franc was consolidating against USD for the major part of the previous...

04.07.2017

During the last week the Australian dollar has been growing against the US dollar, like the other main and commodity currencies. The dollar investors were suddenly disappointed in the possibility of the USD growth after the USA FRS interest rate rise in June and the FRS officials’ commentaries upon the...

04.07.2017

Eurozone Producer Price Index is due at 11:00 (GMT+2). The indicator shows changes in prices for the goods manufactured in the Eurozone. The growth of the indicator strengthens EUR, and its fall weakens the currency.

04.07.2017

NZD is strengthening against the US currency. The fall is caused by the data on PMI that dropped to 52 points and was worse than expected. The growth of the new orders volume was minimal since September 2016. Export sales still remain low due to strong USD which undermines the...

04.07.2017

The price is in correction. The fall is possible. The upward momentum within the fifth wave 5 of the highest level is forming. At the moment the development of the third wave of the lower level iii of 5 has ended, and the downward correction as a fourth wave, within...

04.07.2017

Correction is ending. On the 4-hour chart the upward momentum within the fifth wave 5 of the higher level is forming. Locally the formation of the downward correction as a wave (iv) is ending. If the assumption is correct, the price will grow within the fifth wave to the level...

04.07.2017

The trend is downward. On the 4-hour chart the downward momentum as a first wave i of C is developing. Locally the third wave of the lower level (iii) is forming. If the assumption is correct, the pair will fall to the level of 1.2800. The level of 1.3115 is...

04.07.2017

The trend is upward. The third wave iii within the wave С of the highest level is forming. Locally the third wave of the lower level (iii) is developing. If the assumption is correct, the pair will grow to the levels of 115.00–116.00. The level of 111.66 is critical for...

04.07.2017

Construction sector PMI is due at 10:30 (GMT+2). The index shows the state of the construction sector and is built upon polls of managers of major UK construction companies to estimate current economic situation in this sector and the prospects of its development. Values above 50 are a positive signal...

04.07.2017

During Monday’s trading session the US dollar has grown against the main currencies, despite the mixed US statistics. ISM Manufacturing PMI grew to 57.8 points in June from 54.9 points in the previous month, Markit Manufacturing PMI, however, decreased to 52.0 points in June from 52.1 points in the previous...

04.07.2017

The day was notable for several interconnected move:  the rise of the dollar, the fall of the yen, and the plunge in precious metals. All were due (more or less) to a much better-than-expected result from the Institute of Supply Management (ISM) manufacturing index, which jumped to the highest level...

04.07.2017

After the release of a decision on the interest rate RBA will publish a press release with comments about the made decision.

04.07.2017

The decision of Reserve Bank of Australia on the interest rate is due today at 06:30 (GMT+2). It is expected that the indicator will remain unchanged at the level of 1.5%. RBA makes the decision based on current economic situation and inflation level. Growth of this indicator strengthens the AUD....

04.07.2017

The data on Australian retail sales are due at 03:30 (GMT+2). The indicator is expected to drop to 0.2% in May against 1.0% a month earlier. It shows the volume of sales in the retail sector and is considered an indicator of consumer expenditure and economic growth rate. The growth...

04.07.2017

Business sentiment index for Q2 is due at 00:00 (GMT+2). It evaluates the general economic situation in the short term. The growth of the indicator shows more investments into industry. High values of the indicator strengthen NZD, and low ones weaken it. 

03.07.2017

Today the US dollar is growing against most competitors. 

03.07.2017

The focus overnight will be on the Reserve Bank of Australia (RBA) monetary policy decision. 

03.07.2017

On the 4-hour chart the price has reached the level of 113.05 (correction 76.4%, crossing with the downward fan 38.2%). Stochastic has entered the overbought zone, which shows the possibility of reversal and correction of the price to the levels of 112.25 (correction 61.8%, the middle line of Bollinger Bands)...

03.07.2017

On the daily chart, the pair is correcting up from the lower line of Bollinger Bands. The price remains below its moving averages that are directed down. The RSI is testing its longer MA having bounced off the border of the oversold zone. The Composite turned up as well, having...

03.07.2017

The Australian currency is trading in the upwards channel against the US dollar, and last week the pair grew significantly due to the fall of the traders’ interest in the USD, which was additionally pressed by the negative US employment market data. 

03.07.2017

The trading instrument has been growing for the second week in a row in view of reduced oil production in the USA. According to the US Department of Energy, the volume of production in the country dropped by 100K barrels a day to 9.25 mln barrels a week which is...

03.07.2017

During the last week Johnson & Johnson shares dropped by 3.03%. S&P 500 index went down by 0.55% during the same period.

03.07.2017

Last week the PayPal stocks fell by 1.21% against the decreasing of the S&P 500 index by 0.55%.

03.07.2017

Silver has been weakening during the last months, and last week has almost reached the 2-month minima at the area of 16.20-16.50. 

03.07.2017

On the daily chart, the pair is falling along the lower line of Bollinger Bands. The price remains below its moving averages that start turning down. The RSI turned up having entered the oversold zone. The Composite keeps forming a divergence with the price, suggesting an upward reverse possibility. 

03.07.2017

NZD has been strengthening against USD for almost two months. Last week's important releases from New Zealand include the data on the trading balance that were much worse than expected, construction permits with the best result in three months, and business sentiment index which was the highest this year. The...

03.07.2017

The trend is upward. The upward momentum, within which the fifth wave v is developing, is forming. Locally the third wave (iii) of v of the lower level is developing. If the assumption is correct, the price will grow to the levels of 205.00-210.00. The level of 196.00 is critical...

03.07.2017

Due to the lack of key macroeconomic releases the US dollar changed insignificantly against most of the main currencies.

03.07.2017

The trend is upward. On the 4-hour chart the upward momentum within the third wave 3 of the highest level is forming. Locally the fifth wave v of 3, within which the “bullish” momentum as a third wave (iii) of v of the lower level is forming, is developing. If...

03.07.2017

The trend is upward. On the 4-hour chart the fifth wave 5 of the highest level is forming. At the moment the upward momentum as a wave i of 5 is developing. If the assumption is correct, the pair will grow to the level of 1.3150. The level of 1.2940...

03.07.2017

The fall of the pair within correction is expected. On the 4-hour chart the upward trend as a third wave of the highest level 3 is developing. At the moment the fifth wave v of 3, within which a momentum as a first wave (i) of the lower level has...

03.07.2017

The dollar is starting the week on a strong note as US interest rates continue their rise from Friday. 10-year yields for example were around 2.33%, up from 2.30% Friday afternoon and 2.27% at Thursday’s close. 
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