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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Aug 2017

17.08.2017

The data on the employment rate in Australia is due at 03:30 (GMT+2). The indicator is expected to reduce to 15.0K in July from 20.0K a month earlier. The index shows the number of recently employed Australian citizens. The growth of its value strengthens AUD, and reduction weakens it.

16.08.2017

Minutes of the meeting of FOMC is due at 20:00 (GMT+2). The committee gives its assessment of the economic situation and monetary policy and determines further fiscal policy. 

16.08.2017

I discussed the FOMC minutes in my morning comment today. Basically, the market will be focused mostly on what they have to say about inflation: is the slowdown temporary or something structural? And should they raise interest rates anyway or wait for more confirmation? Clues about whether they’ll start winding...

16.08.2017

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

16.08.2017

European currency against dollar consolidated in the slight downward trend, but long positions are preferable. On the chart there is no signal to reverse, so it can be a consolidation correction before the upward movement. 

16.08.2017

The data on housing starts changes are due at 14:30 (GMT+2). The indicator is expected to reduce to 1.250 mln in monthly terms in July from 1.254 mln a month earlier. The indicator shows the number of issued permits for the construction of new houses. The volumes of construction are...

16.08.2017

During yesterday's trading Brent quotes failed to break through the level of 50.00 and continued to move from it within the medium-term upward channel. The price managed to restore to the level of 51.00. 

16.08.2017

Since the beginning of the year PayPal stocks grew by more than 51%, which shows, that the market appreciated the business development strategy, focused on the empowerment of the online payment platform. PayPal aspires to become a fully functional mobile wallet and digital payment processor.

16.08.2017

General Electric has been showing the worst dynamics in Dow Jones for the fourth week in a row leaving International Business Machines Corp. and Exxon Mobile Corp. on the second and third places respectively.

16.08.2017

On the daily chart, the instrument is growing towards the upper line of Bollinger Bands. The price remains on the level with the EMA65 and just above the EMA14, EMA130 and SMA200 that are horizontal. The RSI is about to retest its strong resistance. The Composite is growing as well. 

16.08.2017

Yesterday the price of silver reduced after the release of strong data on US retail sales. 

16.08.2017

The data on Gross Domestic Product in Eurozone are due at 11:00 (GMT+2). The indicator is expected to remain unchanged on the level of 2.1% YoY in Q2. On the quarterly basis the indicator is expected to remain unchanged on the level of 0.6% in Q2. The indicator shows market...

16.08.2017

On Tuesday the pair was rapidly corrected to the level of 1.2845 (Fibonacci correction 61.8%). US dollar was supported by strong July Retail Sales data (in July the index grew by 0.6%) and new rumors upon the soon Fed’s interest rate rise.

16.08.2017

US dollar is growing against Japanese yen. On Tuesday’s trading session the pair grew due to the USA positive Retail Sales data, which increased more than expected, by 0.6% and by 0.5% ex Autos. 

16.08.2017

The data on ILO unemployment rate are due at 10:30 (GMT+2). The indicator is expected to remain unchanged on the level of 4.5% in the reporting period. The level of unemployment is one of the main indicators of the UK labor market. It demonstrates the shares of employable citizens of...

16.08.2017

The data on the UK jobless claims is due at 10:30 (GMT+2). The indicator is expected to fall to 3.7K in June from 5.9K 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...

16.08.2017

The pair USD/CAD has been growing since the beginning of the week. No important data from Canada were released last week and in the beginning of the current week, and the growth of the pair was supported by the growing US dollar which received support from locking in profit by...

16.08.2017

Correction is ending. The growth is expected. On the 4-hour chart the downward correction of the higher level has formed as a wave 2, and the development of the third wave 3 has begun. Locally the entering momentum of the lower level (i) has formed, and the downward correction (ii)...

16.08.2017

The trend is upward. On the 4-hour chart the downward correction has formed as a fourth wave iv of 5, and the development the fifth wave v of 5 has begun. Locally the entering momentum of the lower level (i), within which the correction iv of (i) is ending, is...

16.08.2017

The pair can grow. On the 4-hour chart the upward momentum as a third wave of the higher level iii is forming. Locally the development of the downward correction (iv) has ended. If the assumption is correct, the pair will grow to the level of 0.8100. The level of 0.7810...

16.08.2017

The fall of the pair is expected. On the 4-hour chart the upward correction has formed as a fourth wave 4 of the higher level, and the development of the fifth wave 5 has begun. Locally the first wave i of 5 of the lower level, within which the correction...

16.08.2017

During yesterday’s trading session the US dollar strengthened against the main currencies. It was supported by positive US Retail Sales data, which were better than expected and grew by 0.6% in July against the expected growth by 0.4%. Investors reacted to the statistics by active buying of the US currency,...

16.08.2017

New Zealand dollar continued to fall against the American one. In the end of last week the decrease was supported by the Reserve Bank of New Zealand announcement of the possibility of currency intervention implementation. 

16.08.2017

The big event of the day comes at the end of the European day – really, it’s more of an overnight event, although some traders in Europe may stay at their desks for it. It’s the release of the minutes from the FOMC’s 25-26 July meeting.  

15.08.2017

Today the US dollar continued to grow against main competitors. 

15.08.2017

During today's trading the pair NZD/USD continues to decrease. At some time the price dropped to 0.7260. 

15.08.2017

British currency has been falling against the US dollar during last two trading weeks due to strengthening of the USD and British negative statistics publication. 

15.08.2017

The data on the US retail sales are due at 14:30 (GMT+2). The indicator is expected to grow to 0.4% MoM in July from -0.2% a month earlier. This indicator reflects consumer spending and  represents the change in the volume of retail sales. Growth of the index is a positive...

15.08.2017

The pair started the week with a fall in view of negative data from the EU. 

15.08.2017

The Walt Disney stocks have been falling since the end of the last week after the last quarter report publication, which was worse than The Wall Street analysts expected, and the announcement of the new business development model ESPN (cable sport and entertainment programs TV network).

15.08.2017

In the last week the stock of Netflix dropped by 5.70%. S&P500 index increased by 1.08% within the same period.

15.08.2017

After short term growth oil prices are falling again. The main factor that affects the oil prices negatively is the growth of oil production in the OPEC countries and in the USA. As a result WTI price fell by 2.37% to the area of the level of 47.70. The investors...

15.08.2017

On the daily chart, the pair is trading in the upper Bollinger band. The price remains above the EMA14, EMA65, but below the EMA130 and SMA200 that are directed down. The RSI is growing having failed its longer MA. The Composite is testing its longer MA from below. 

15.08.2017

Dow Jones continues to restore after reaching a local minimum at 21816.3. Currently the main trading process is going on around 1/8 Murrey or 22031.7. If the price manages to keep this level, the next target will be 22188.0.

15.08.2017

The data on the UK consumer price index are due at 10:30 (GMT+2). The indicator is expected to grow to 2.7% in July from 2.6% a month earlier YoY. MoM the indicator is expected to remain unchanged on the level of 0% in July. Consumer Price Index is one of...

15.08.2017

Gold has been strengthening against the USD since the beginning of the previous months; last week it was supported by the political instability between Trump and North Korea. 

15.08.2017

Having reached strong resistance levels at 0.8000-0.8100 by the end of the previous month, the pair started consolidation. 

15.08.2017

During yesterday’s trading session the US dollar strengthened against the main currencies. As there were lack of news (excluding poor EU Industrial Production publication), which could support the dollar, in the macroeconomic calendar, the strengthening is correctional.

15.08.2017

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 downward correction (iv) is forming, is developing. If the assumption is correct, the price will grow...

15.08.2017

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 fifth wave v of 5, within which the wave (iii) is developing, is forming. If the assumption is correct, the price will grow to the level...

15.08.2017

The decreasing of the pair is expected. On the 4-hour chart the downward momentum within the wave C of the higher level is developing. Locally the upward correction iv of C has formed. If the assumption is correct, the pair will fall to the level of 1.2411. The level of...

15.08.2017

The growth is expected. The downward correction of the higher level as a wave В is forming. Locally the wave c of B is developing, within which the first wave of the lower level (i) has ended, and the upward correction is developing as a second wave (ii) of c...

15.08.2017

The UK CPI is forecast to accelerate a bit, on both a headline level and core. That would be a reversal of the previous month’s slowing trend. It could raise speculation about an early rate hike yet again and support the pound. On the other hand, the rate of increase...

15.08.2017

The data on Gross Domestic Product in Germany is due at 08:00 (GMT+2). The indicator is expected to drop to 0.6% in Q2 from 2.9% in the previous period YoY. In the quarterly terms it will grow to 0.7% in Q2 from 0.6% in the previous period. The indicator shows...

15.08.2017

Minutes of the Meeting of Reserve Bank of Australia is due at 03:30 (GMT+2). The document is published two weeks after making a decision on the interest rate and contains comments on RBA decisions. The minutes also contains information about the votes of certain Monetary Policy Committee members.

14.08.2017

Today US dollar strengthened against its main competitors.  

14.08.2017

During last 6 weeks the AUD/USD pair is trading within the slight downward trend due to the growth of demand on the oversold US currency, which was also supported by positive employment market data. In addition, AUD is weakening after the RBA representatives’ commentaries upon the risks for the economy...

14.08.2017

Last Friday the pair was under the pressure after the poor USA Consumer Price Index publication. Today’s growth of the USD/CAD pair is probably connected with the closing of profitable short positions by traders, and to restore fully in the short term the pair should break the resistance levels of...

14.08.2017

The pair started the week with growth to the level of 109.65. Although initial GDP data of Japan for Q2 2017 showed growth (from 1.5% to 4.0% YoY and from 0.3% to 1.0% MoM), yen is weakening. It is under pressure from July data on industrial output and retail sales...

14.08.2017

During the previous week the stock of eBay dropped by 1.60%. S&P500 went up by 0.37% within the same period.

14.08.2017

During the last week DuPont stocks fell by 1.27% against the growth of the S&P 500 index by 0.37%.

14.08.2017

On the daily chart, the instrument is trading in the upper Bollinger band. The price remains above the SMA200, but below the EMA130, EMA65 and EMA14 that start turning down. The RSI is about to test its longer MA. The Composite is turning up as well. Both indicators are forming...

14.08.2017

Last week silver price reached 2-month highs due to the publication of the USA inflation data, which were lower than expected. Today the growth rate slowed, which can be caused by the slight decrease of the tense between USA and North Korea: the demand on more profitable assets, such as...

14.08.2017

The data on Eurozone industrial output are due at 11:00 (GMT+2). The indicator is expected to make up -0.4% in June against 1.3% a month earlier MoM. YoY the indicator is likely to drop to 2.9% in June against 4.0% a month earlier. The indicator shows changes in industrial output...

14.08.2017

For the most part of the previous week NZD was falling against US dollar. In its decision on the interest rate and follow-up statement the Reserve Bank of New Zealand confirmed its adherence to soft measures, and its head Graeme Wheeler announced possible currency intervention and the need to soften...

14.08.2017

Last week there was lack of key issues from Switzerland: only Consumer Price Index was published on Monday, which met the market’s expectations. 

14.08.2017

Main currencies strengthened against USD after the publication of poor USA Consumer Price Index on Friday.

14.08.2017

The price is in correction. The growth is possible. 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 downward correction of the lower level (iv) of v of 3 is developing. If the assumption...

14.08.2017

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 correctional wave of the lower level (iv) is ending, is developing. If the assumption is correct, the price will grow to the...

14.08.2017

The pair can lower. On the 4-hour chart the first wave (1) of the higher level has formed, and the development of the downward correction (2) has begun. Locally the entering momentum i of A of (2) has formed, and the correction ii of A, which is taking a shape...

14.08.2017

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 local correction as a fourth wave (iv) of v of 3 of the lower level has formed, and the development of the fifth wave...

14.08.2017

There were signs Monday that the fear of nuclear war with North Korea and the US were abating. Comments over the weekend from various US officials trying to calm the situation seem to be working – most Asian stock markets were up today, including South Korea, and US Treasury bond...

14.08.2017

Minutes of the Meeting of Reserve Bank of Australia is due at 03:30 (GMT+2). The document is published two weeks after making a decision on the interest rate and contains comments on RBA decisions. The minutes also contains information about the votes of certain Monetary Policy Committee members.

11.08.2017

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

11.08.2017

11.08.2017

The correction is completed. The pair is expected to grow.

11.08.2017

The long-termed growth of EUR against USD reversed into downward correctional movement due to the strengthening of the US currency. Favorable fundamental background became a catalyst to the investors’ interest in USD, so the pair began to fall. In addition, in the end of the last week in the USA...

11.08.2017

The data on the US CPI is due at 14:30 (GMT+2). The indicator is expected to grow to 1.8% in July from 1.6% a month earlier. On the monthly basis the indicator shall increase to 0.2% in July from 0.0% a month earlier. This is the main indicator of the...

11.08.2017

The pair GBP/USD has been in the main trading range of 1.3010 and 1.2970 for the fourth day in a row, sometimes breaking it down. On Thursday positive data on the volume of production output were released from the UK: in June the indicator grew by 0.5% MoM and 0.3%...

11.08.2017

During the last week Adobe stocks decreased by 1.94% against the fall of the S&P 500 index by 1.44%.

11.08.2017

As a result of FY 2017 the management of the company stated it was generally not satisfied with the results of operations that appeared to be only slightly better than in FY 2016. The biggest success was reached in the market or fabric treatment agents. In FY 2018 Procter &...

11.08.2017

Oil prices fell after the publication of the OPEC data, which reflected the growth of the production by the Organization members. According to the report, 14 countries increased the oil production by 176K barrel per day, and as a result the sum volume of the production increased to 32.869 million...

11.08.2017

German stock market closed in the red zone on August 10, and FDAX ended trading by falling by 1.15% and reached its 3-month minimum. Right now the index is trading around the level of 11.978,50 (-0.32% compared to the day before) which is the lowers since April 2017.

11.08.2017

XAU/USD is strengthening due to the poor macroeconomic statistic publication in the USA and political tense between USA and North Korea. 

11.08.2017

The pair NZD/USD is correcting after a considerable decrease on Thursday due to the decision of RBNZ to keep the interest rate on the level of 1.75% and follow-up comments by the head of the regulator Graeme Wheeler in which the traders found no hints at possible increase of the...

11.08.2017

USD/CAD grew due to the poor recent Canadian macroeconomical statistics.

11.08.2017

In the time of crisis between the USA and North Korea investors turn their attention to safe haven assets, one of which is Japanese yen. 

11.08.2017

On Thursday the US dollar was trading in different directions, but the volatility was low. Poor US Initial Jobless Claims data and Producer Price Index put some pressure on USD, but didn’t change the main currency pairs’ dynamics significantly. Today the key issue is the July Consumer Price Index publication...

11.08.2017

The trend is upward. The upward momentum within the third wave 3 of the higher level is developing. Locally the development the downward correction iv of 3 has ended. If the assumption is correct, the price will grow to the levels of 165.00–170.00. The level of 153.07 is critical for...

11.08.2017

The trend is downward. The “bearish” momentum within the begun large downward correction as a wave А is developing. Locally the third wave of the lower level iii of A has formed, and the horizontal correction as a wave iv is ending. If the assumption is correct, the price will...

11.08.2017

The pair is falling. On the 4-hour chart the formation of the upward correction as a fourth wave 4 of the higher level has ended, and the development of the fifth wave 5 has begun. Locally the first wave i of 5 of the lower level is forming. If the...

11.08.2017

The pair is in correction. On the 4-hour chart the upward momentum as a third wave of the higher level iii is forming. Locally the downward correction (iv) is developing. If the assumption is correct, the pair will grow to the levels of 0.8100–0.8200 after the end of the correction....

11.08.2017

A typical “risk off” market again today – JPY and CHF higher, commodity currencies lower. Silver and gold once again at the top, oil down sharply. Stock markets down across the world (only Argentina and Jamaica were up yesterday), continuing this morning – every Asian market is down. The flip...

11.08.2017

German consumer price index is due at 08:00 (GMT+2). The indicator is expected to remain unchanged on the level of 1.7% YoY. The index shows changes in prices of goods and services for households and is considered one of the main inflation indicators. The growth of the index strengthens EUR,...

11.08.2017

The head of RBA is to make comments on the current economic situation in Australia at 01:30 (GMT+2). His speech may lead to the growth of volatility of AUD/USD.

10.08.2017

US dollar has mixed dynamics against the competitors.

10.08.2017

The rapid growth of the British currency against the US dollar during last 6 weeks reversed into the deep downward correction. The pair grew due to the fall of the USD after the poor main economy sectors statistics releases, as it could affect the USA Fed’s decision to tighten monetary...

10.08.2017

On the H4 chart the price broke down the level of 22031.3 [6/8] (rotation, reversal) and tries to return to the side channel at 21953.1 [5/8] – 21796.9 [3/8]. It is likely to succeed in it, as the price is far from the cyclical line, Stochastic is directed downwards, and...

10.08.2017

The quotes of EUR/USD are decreasing today. Euro appeared to be under pressure of negative data on the volume of industrial output in France which reduced by 1.1% in June. Moreover, the fall of the pair was facilitated by the investors’ waiting for tomorrow’s data on CPI. 

10.08.2017

Initial Jobless Claims are due at 14:30 (GMT+2). The indicator is expected to remain unchanged on the level of 240K. The value indicates the number of new jobless claims. The index is published every Thursday and shows the value of non-farm payrolls. Decreasing the amount of the claims influences the...

10.08.2017

During yesterday’s trading session the USD/CHF pair fell to the level of 0.9610 due to the outflow of the investors into the shelter assets, which led to the growth of CHF against USD after unstable Tuesday’s trading session.

10.08.2017

The pair AUD/USD started corrective movement on August 1 after the decision of RBA on the interest rate that remained unchanged on the level of 1.50% and after the head of RBA Philip Lowe stated that the increase of the rate of AUD posed a threat to economic growth, inflation,...

10.08.2017

GDP growth assessment by NIESR is due at 14:00 (GMT+2). The indicator is expected to remain unchanged on the level of 0.3%. The report of the National Institute for Economic and Social Research (NIESR) monitors the dynamics of the UK economic growth in the recent 3 months.  The results of...

10.08.2017

During the last week Caterpillar stocks grew by 1.11% against the fall of S&P 500 index by 0.15%.

10.08.2017

Within the previous week the stock of Tesla grew by 11.55%. S&P500 went down by 0.15% within the same period of time.

10.08.2017

Silver has been trading within the correction, shaped as a widening triangle, for more than 3 weeks. 

10.08.2017

Yesterday was characterized by increased geopolitical risks due to the aggravation of situation around North Korea. Capitals turned to precious metals and safe haven currencies, such as Swiss franc and yen. USD also slightly strengthened.

10.08.2017

The data on industrial output in the UK is due at 10:30 (GMT+2). The indicator is expected to remain without changes on the level of -0.2% in June YoY. On a monthly basis the indicator will grow to 0.1% in June from -0.1% a month earlier. This is on of...

10.08.2017

Brent oil continues to slightly consolidate, and by now its price has reached 52.62. 

10.08.2017

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

10.08.2017

The trend is downward. The downward momentum as a first wave 1 of (С) is forming. Locally the ending fifth wave v of 1, within which the third wave (iii) is ending, is developing. If the assumption is correct, the price will fall to the level of 136.00 after the...

10.08.2017

The pair is in correction. The growth is possible. On the 4-hour chart the downward momentum within the wave C of the higher level is developing. Locally the upward correction iv of C, within which the zigzag abc is developing, is forming. If the assumption is correct, locally the pair...

10.08.2017

The trend is downward. The downward correction of the higher level as a wave В is forming. Locally the wave c of B is developing, within it the correctional wave (iv) has ended, and the development of the fifth wave (v) of c of B has begun. If the assumption...

10.08.2017

The US dollar is trading in different directions against the main currencies.

10.08.2017

I said in my overview for the week that this was historically the week with the least volatility, and yesterday certainly turned out that way, at least as far as currencies were concerned. All the major currency pairs that I follow were within ±0.3% of their previous day’s value this...

10.08.2017

The data on demand for machine-building products are due at 01:50 (GMT+2). The indicator is expected to drop to -0.1% in June from 0.6% a month earlier YoY. The indicator shows changes in the volume of demand for machine-building products by major Japanese manufacturers and is considered a leading indicator...

10.08.2017

The data on retail sales with the use of electronic payment cards are due at 00:45 (GMT+2). The indicator is expected to grow to 0.3% on a monthly basis in July from 0.0% a month earlier. The indicator specifies the number of purchases made with the use of credit and...

10.08.2017

The RBNZ Interest Rate Decision is due at 23:00 (GMT+2). The index is expected to stay on the same level of 1.75%. After the Decision the Monetary Policy Statement is published. It provides information on how the Reserve Bank proposes to achieve its targets, how it proposes to formulate and...

09.08.2017

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

09.08.2017

On the 4-hour chart the price was corrected to the area of 2458.8 (correction 38.2%), and in case of breakout can go further to the levels of 2449.5 (correction 50.0%, area of crossing with the fan line 38.2%) and 2440.3 (correction 61.8%). However, according to Stochastic, which is trying to...

09.08.2017

Gold is getting investor support once again, and in view of this the metal has been growing since the beginning of the week. In the beginning of August the upward tendency has changed into the downward one, and gold moved to wide downward channel, and the tendency seemed likely to...

09.08.2017

Yesterday the pair grew after JOLTS Job Openings publication, which reached 6.163 million — the maximum from December, 2000. The yield of government bonds in the USA has grown, too, inspiring the investors in the positive future of the US economy. 

09.08.2017

NZD remained under pressure on Tuesday due to stronger economic data from the USA than expected and general level of risk in view of geopolitical events. At some moment the pair dropped to the level of 0.7317.

09.08.2017

From the beginning of August WTI is trading within the sideways range of 48.35–49.75. The lower line coincides with the Fibonacci levels cluster 23.6% and 50.0% (for short term and middle term trends), the upper one – with the Fibonacci level 61.8% (middle term trend). 

09.08.2017

Impressive financial indicators of Visa in Q3 FY 2017 helped the stock of the company break through a new historical maximum showing growth by almost 30% since the beginning of the current year. Quarterly operative returns increased by 26% (YoY) to $4.6 bln. The total volume of payments grew by...

09.08.2017

The Building Permits (MoM) publication is due at 14:15 (GMT+2) in Canada. The YoY index is expected to reach the level of –2.0% in July against 8.9% in the previous month. It represents the number of new permissions to build. A high reading strengthens the CAD. A low reading weakens...

09.08.2017

The stock of major US banks Bank of America, Citigroup Inc. и JPMorgan Chase & Co grew to historical maximums last week supported by returned hope for financial de-regulation. The commission for the regulation of commercial banks activity announced it was preparing amendments to ease the main rules that regulate...

09.08.2017

The USD/CAD pair is moving within the narrow range, waiting for significant fundamental or economical releases, which can determine the further dynamics. The growth of the pair slowed after significant growth in the end of the last week.

09.08.2017

The pair is weakening after the Reserve Bank of Australia interest rate decision and the following Monetary Policy Statement, published last week. The report showed that the RBA isn’t planning to tighten the monetary policy, and the overpriced national currency affects the economy negatively.

09.08.2017

Having started to weaken against USD at the end of July, CHF continued this dynamics at the beginning of the current week. The policy of the National Bank of Switzerland, unlike the European Central Bank, is still aimed at the weakening of the national currency, and for this purpose the...

09.08.2017

The trend is upward. On the 4-hour chart the downward correction as a fourth wave iv of 5 has formed, and the development of the fifth wave v of 5 has begun. Locally the entering momentum of the lower level (i) is developing. If the assumption is correct, the price...

09.08.2017

The price can grow. On the 4-hour chart the downward correction of the higher level as a wave 2 has formed, and the development the third wave 3 has begun. Locally the entering momentum of the lower level (i) has formed, and the downward correction (ii) is developing. If the...

09.08.2017

The pair is in correction. On the 4-hour chart the upward trend is developing as a third wave of the higher level 3. At the moment the formation of the local correction as a fourth wave (iv) of v of 3 of the lower level is ending. If the assumption...

09.08.2017

The pair is in correction. On the 4-hour chart the first wave (1) of the higher level has formed, and the development the downward correction (2) has begun. Locally the entering momentum i of A of (2) has formed. If the assumption is correct, the pair will grow within the...

09.08.2017

During yesterday’s trading session the US dollar was trading in different directions. The USD grew against EUR, GBP and AUD, and fell against JPY.

09.08.2017

USD reacted well to two better-than-expected indicators:  the NFIB small business optimism survey was expected to decline, but instead rose for the first time since January; and the JOLTS job openings number rose far more than expected to a record high. 

09.08.2017

The Home Loans publication is due at 03:30 (GMT+2) in Australia. The index is expected to grow to 1.5% in June from 1.0% in the previous month. The data on home loans represents the number of recently extended home loans. It is one of the key indicators of the property...

08.08.2017

The US dollar is trading in different directions against the main competitors today. The EUR/USD pair is trying to restore from significant Friday’s fall and has tested the level of 1.1820 for a few times. The pair is expected to consolidate, as the market is waiting for the Friday’s publication...

08.08.2017

Overnight Christopher Kent, the RBA’s Assistant Governor for financial markets, will give the Bloomberg Address in Sydney. There’s no indication what the speech is about. I would assume Australia’s financial markets.

08.08.2017

Considerable growth of the European currency against USD that indicated the movement of the pair out of the 2-year-long side tendency cannot be considered finished. In the beginning of August the pair reached the new local maximum of 1.1900 after which moved to the side consolidation stage. Additional pressure on...

08.08.2017

In the end of the last week after the Bank of England meeting and US employment market strong data publication the pair was corrected to the border of the upward channel to the area of 1.3010 (Fibonacci correction 38.2%). At the moment the pair is trading within the range of...

08.08.2017

During yesterday's trading the quotes of Brent oil continued to move within the side channel of 51.20-52.65. Extremely low volatility and volume of trading in the hydrocarbons market are explained by the caution of the traders before the end of OPEC+ meeting at which the technical committee fir the monitoring...

08.08.2017

Wal-Mart releases a new mobile app  Scan & Go that will enable the customers to scan and pay for the goods at stores without cashier desks. In December 2016 Amazon presented plans to implement a similar technology named Amazon Go in its network of physical stores, but it is still...

08.08.2017

Mastercard and PayPal announced the expansion of the partnership in Asia and the Pacific in order to increase the quality of the customer service. Mastercard published the Q2 2017 report with the growth of the financial indicators, which exceeded The Wall Street analysts’ expectations. The income of the company grew...

08.08.2017

On the daily chart, the instrument is trading in the upper Bollinger band. The price remains above its moving averages that start turning up. The RSI is about to test its strong resistance. The Composite is growing as well. 

08.08.2017

After the significant growth on Friday the USD/JPY pair is trading within the narrow range. The trend is still downward; the leap in the end of the last week was short termed and was caused by the correction of the price rather than the beginning of the reversal. On Monday...

08.08.2017

Last Friday the instrument lost about 40 points after the release of strong data on the US labor market. According to the Bureau of Labor Statistics, the number of non-farm payrolls made up 290K which is 26K better than the outlook. However, the unemployment rate remained on the expectedly low...

08.08.2017

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 is developing. If the assumption is correct, the price will grow to the levels of 165.00–170.00. The level of 147.43 is critical for...

08.08.2017

On the 4-hour chart the upward momentum within the fifth wave 5 of the higher level is forming. Locally the fifth wave v of 5 is forming, within it the downward correction (ii) has ended, and the development of the wave (iii) has begun. If the assumption is correct, the...

08.08.2017

On the 4-hour chart the formation of the upward correction as a fourth wave 4 of the higher level is ending. Locally the wave c of 4 is forming, within it the development the fifth wave (v) of c of 4 is ending. If the assumption is correct, the pair...

08.08.2017

On the 4-hour chart the upward momentum as a third wave of the higher level iii is forming. Locally the downward correction (iv) has ended. If the assumption is correct, the pair will grow to the levels of 0.8100–0.8200. The level of 0.7890 is critical for this scenario.

08.08.2017

After three months of almost continuous growth the pair NZD/USD grew by over 10%, reaching its 2-year maximum. This quick economic consolidation in an export-oriented nation could not but had a negative impact on the main indicators of New Zealand, and none of them showed growth last week. Such important...

08.08.2017

In the beginning of the last week CAD was falling due to the negative inflation data publications: raw materials and manufactured goods price indices. Both indices renewed its year lows mostly due to the strong growth of the Canadian currency, which went up by more than 10% in five months....

08.08.2017

During yesterday’s trading session the US dollar fell against most of the main currencies. As there was no key issues in the macroeconomic calendar, investors were closing profitable long USD positions.

08.08.2017

German industrial production was expected to be weak but was even weaker than economists forecast. Nonetheless the market ignored the figure and EUR managed to gain on the day. USD was mixed. It gained against the three commodity currencies but fell against most European currencies. The two Fed speakers were...

08.08.2017

The data on the German trade balance are due at 08:00 (GMT+2). The proficiency of the balance is expected to increase to 21.0 bln euro in June against 20.3 bln a month earlier. The indicator shows gap between export and import of goods and services in monetary terms. Positive value...

08.08.2017

Swiss unemployment rate is due at 07:45 (GMT+2). The indicator is expected to remain unchanged on the level of 3.2% in July. The indicator shows the share of the unemployed among the total number of employable Swiss citizens. The growth of the value indicates slower economy development rates. High values...

07.08.2017

Today the competitors of USD try to restore positions after Friday correction caused by strong July data from the US labor market. The pair EUR/USD rose to the level of 1.1810 (gaining 0.32%) during the day. Currently the price is reducing as euro is pressed by weak June data on...

07.08.2017

There’s a lot of trade data out this evening. Japan announces its current account for June, as well as the trade balance on a balance-of-payments (BoP) basis (different from the monthly trade basis in that the BoP data includes cost, insurance and freight, whereas the monthly trade data covers only...

07.08.2017

Today the price for WTI continues to move within the narrow side range 48.50-49.70. During the Friday trading the price of oil was supported by the data on the reduction of the number of oil rigs in the USA. Within the week that ended on August 4 it was reduced...

07.08.2017

Since the end of June British currency has been growing against USD due to falling of the investors’ interest. The pair was trading within the steep upward channel; it reached the key resistance level, reversed and began to fall. The main catalyst was the Bank of England decision to keep...

07.08.2017

Google started cooperation with news publishers to create a technology similar to the Discover function on Snap Inc. platform. The function allows the users to view disappearing media content in which advertisements are integrated. Google Stamp is currently being tested by publishing organizations.

07.08.2017

United Technologies Corp. considers the purchase of the aviation equipment supplier Rockwell Collins Inc. The capitalization of Rockwell Collins Inc. is 19.3 billion USD. The purchase deal can become the largest one in the aerospace sector.

07.08.2017

On the 4-hour chart the price was corrected from the area of 2-year highs (1.1910) to the area of 1.1720 (correction 23.6%) and now is trying to grow to the middle line of Bollinger Bands (1.1835). If the price is set above this level, it can grow to the level...

07.08.2017

On the daily chart, the pair is correcting down from the middle MA of Bollinger Bands. The price remains above the EMA65, EMA130 and SMA200 that are directed up. The RSI is testing its last month support. The Composite is falling, having formed a Bearish divergence with the price earlier. 

07.08.2017

The US stock market index Dow Jones continues trading in an upward trend. The market was substantially supported by Friday’s macroeconomic data from the US where the Nonfarm Payrolls came out at 209 thousands, against forecasts of 183 thousands, while the Unemployment Rate fell to 4.3%. Thus, the probability of...

07.08.2017

The formation of the upward impulse as the fifth wave v within the third wave 3 of the upper level is likely to continue forming on the H4 chart. Locally the development of downward correction of the lower level (iv) f v of 3 has finished and the formation of...

07.08.2017

The formation of the upward impulse in the framework of the third wave of the upper level 3 is likely to continue. Locally the fifth wave v of 3 is developing, within which the third wave of lower level (iii) continues to get longer. If the assumption is correct, one...

07.08.2017

A downward impulse within the framework of wave C of the upper level is likely to be developing on the H4 chart. Locally the development of the upward correction (iv) that has formed an abc flat shape is coming to an end.  If the assumption is correct, in the near...

07.08.2017

The formation of the downward correction of the higher level as wave B is likely to continue. Locally the wave c of B is being developed, and in its framework the third wave of the lower level (iii) has formed and correction (iv) is developing. If the assumption is correct,...

07.08.2017

Last month gold was demonstrating quite active growth amid political uncertainty. However, last week the NFPR figure came out substantially better the expectations and gold corrected down. Today markets are waiting for important data form the US. At 4:00 pm GMT+2 the Labour Market Conditions Index is due to be...

07.08.2017

US dollar has been growing against the majors in view of unexpectedly positive statistics on the US labor market. According to the released data, the number of non-farm payrolls grew to 209K in July against the expected reduction to 183K. Investors reacted to this news with active sales of the...

07.08.2017

Last week, the "double top" pattern appeared on the AUD/USD chart. This formation shows the strength of the resistance zone, in this case 0.8010-0.8050. This zone is further strengthened by the upper boundary of the two-year channel (blue on D1). As a result, the whole last week the pair spent...

07.08.2017

Friday’s US jobs report not only beat estimates (+209k vs +180k estimated) but also the average hourly earnings was higher than expected as well, remaining at the previous month’s 2.5% yoy rather than slipping to +2.4% yoy as expected (mostly due to rounding up -- the month-on-month change was as...

07.08.2017

Halifax House Prices publication is due at 09:30 (GMT+2) in the UK. It represents the change in house prices. A high reading strengthens the GBP. A low reading weakens the GBP. 

07.08.2017

July Consumer Price Index is due at 09:15 (GMT+2) in Switzerland. The index represents changes in prices of goods and services for household consumption. The data is considered as the key indicator of inflation. A growth in the index strengthens the CHF, while a fall weakens the CHF.

04.08.2017

US dollar is strengthening against the majors after the release of unexpectedly strong July data from the US labor market. The number of new workplaces grew by 209K (against the expected 182K). Average hourly salary remained on the level of 2.5% although experts expected this indicator to fall. 

04.08.2017

After yesterday's fall gold price has restored lost positions and is currently trading at the level of 1268.00. The price of the metal as a safe haven asset is growing, while US dollar is weak after the Fed's refusal to increase the rates this year due to low inflation. 

04.08.2017

The attractiveness of the Japanese currency for investors is growing again in view of further fall of USD and general tendencies in the financial market. The main catalysts of the pair are two factors: a negative economic tendency in the USA and the transfer of investments to less risky assets,...

04.08.2017

Yesterday in the second half of the day the pair USD/CAD fell in view of the release of weak data on ISM Services PMI. The actual value of 53.9 was worse than the outlook of 57.0, and the pair lost about 45 points. USD/CAD is currently consolidating near the weekly...

04.08.2017

Ivey PMI is due at 16:00 (GMT+2). The indicator is expected to decrease to 59.2 points in July from 61.6 points a month earlier. 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...

04.08.2017

On Thursday the pair grew and continues to gradually go up today. Negative June data on Australian trade balance (that was below expectations and made up $856 mln) were compensated by weak data on ISM Services PMI (in July it dropped considerably from 57.4 to 53.9 points). Currently Australian dollar...

04.08.2017

The data on employment rate changes in Canada are due at 14:30 (GMT+2). The indicator is expected to drop to 10.0K in July from 45.3K a month earlier. The indicator shows the dynamics of the number of employed persons. The growth of the indicator shows economic development and strengthens CAD,...

04.08.2017

The data on average hourly earnings from the USA are due at 14:30 (GMT+2). On YoY basis the indicator is expected to drop to 2.4% in July from 2.5% a month earlier. It shows changes in average hourly salary. High values strengthen USD, and low ones weaken it.

04.08.2017

US unemployment rate is due at 14:30 (GMT+2). The indicator is expected to fall to 4.3% in July from 4.4% a month earlier. 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...

04.08.2017

The value of nonfarm payrolls is due at 14:30 (GMT+2). It is forecast that the indicator will fall to 183K in July compared to 222K 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...

04.08.2017

Starbucks stock dropped by 9% after the release of a report for Q3 of 2017 (FY). Taking this decrease into account, Starbucks investors lost over 14% from the moment of breaking through the new historical maximum in June 2017. RPS in the amount of $0.55 met the expectations of the...

04.08.2017

Since the publication of the Q2 2017 strong report on July, 27, the Verizon stocks grew by 9.4%. The profit of 0.96 USD per stock met the market’s expectations; the income of 30.5 billion USD exceeded the analysts’ expectations of 29.81 billion USD. In the quarter the company added 614K...

04.08.2017

On the daily chart the upward movement is being corrected, the instrument is trading around the upper border of Bollinger Bands. MACD histogram is in the positive zone, the signal line crosses the histogram’s body upwards, keeping a buy signal. Stochastic has left the overbought area and formed a sell...

04.08.2017

The development of a “bearish” impulse within the framework of major downward correction as wave A seems to continue. Locally the third wave of lower level iii of A seems to have formed, and horizontal correction is developing as wave iv. If the assumption is correct, after its completion the...

04.08.2017

The development of the upward impulse within the framework of the third wave 3 of the higher level seems to continue. Locally the development of the third wave of the lower level iii of 3 has finished, and the formation of downward correction iv of 3 continues. If the assumption...

04.08.2017

The formation of the upward trend within the fifth wave 5 of the higher level is likely to continue on H4 chart. Locally the third wave of the lower level iii of 5 is developing, and within it growth is expected to continue to 1.3350. A critical level for this...

04.08.2017

On the H4 chart the development of the upward trend as the third wave of the higher level 3 is likely to continue. Currently the third wave (iii) of v of 3 of the lower level is being formed, and if the assumption is correct, the growth of the pair...

04.08.2017

The USD/CHF pair is in the correction to its previous fall for the second week. CHF is falling faster than USD, and the pair is being corrected due to fundamental and technical reasons. Last week Swiss leading economic indicators reached one of this year highs. This week the Retail Sales...

04.08.2017

The correction has completed. The pair is expected to decline.

04.08.2017

On the daily chart, the instrument is trading in the lower Bollinger band. The price remains on the level with the EMA130 and above the SMA200 that turned horizontally. The RSI is about to test its longer MA. The Composite is growing having broken out its longer MA. 

04.08.2017

The correction has finished. The pair is expected to grow.

04.08.2017

While during several previous weeks NZD together with all other commodity currencies has been actively consolidating against the falling USD, this week the same assets started to move in another direction. The pair NZD/USD followed the common trend. It updated a 2-year maximum, broke through the psychological level of 0.7500...

04.08.2017

During Thursday’s trading session the US dollar was trading in different directions against the main currencies. The key macroeconomical issue of the day, which can affect the main currency pairs, is the US employment data publications at 14:30 (GMT+2). The Non-Farm Payrolls indicator is expected to fall from 181K in...

04.08.2017

The Bank of England decision and Inflation Report went pretty much as I expected, so I was surprised by the reaction – apparently not everyone thought the way I did and were caught off guard by the dovish tone. In particular, BoE Gov. Carney was quite pessimistic about the Brexit...

04.08.2017

The data on Australian retail sales are due at 03:30 (GMT+2). The indicator is expected to drop to 0.2% in June from 0.6% a month earlier. This indicator reflects consumer spending and represents the change in the volume of retail sales. Growth of the index is a positive factor for...

04.08.2017

The statement of the Reserve Bank of Australia on the monetary policy is due at 03:30 (GMT+2). The statement contains the overview of the current economic situation and the factors that influenced the choice of monetary policy direction. It also influences the future decision of RBA on the interest rate.

03.08.2017

Overnight we get Japan’s labor cash earnings figures. These are arguably more important than the CPI data, because they are a leading indicator of the CPI, at least in the Bank of Japan’s thinking. The reasoning goes that the low unemployment rate should eventually push up wages, and higher wages...

03.08.2017

Today, US dollar is trading in both directions against its main competitors. The pair EUR/USD is generally calm and is trading within the range of 1.1856-1.1825. Investors are waiting for tomorrow's data on the US labor market. The value of Non-Farm Payrolls is expected to drop from 222K to 181K...

03.08.2017

During Wednesday trading the prices for WTI restored after a recent fall caused by the "bearish" report on US ISM PMI. In the end of the day the quotes stopped at the level of 49.67. The restoration was caused by the report of the US government confirming the increase of...

03.08.2017

Last week, PayPal reported for the second quarter of 2017 with results higher than expectations of analysts of The Wall Street. Quarterly revenue increased by 18% YoY, net profit increased by 27% YoY. The company added 6.5 million active accounts, which increased the total number of accounts to 210 million....

03.08.2017

Cisco announced the completion of a transaction for the purchasing of Viptela Inc., a private software-oriented global SD-WAN network for $610 mln. The transaction is a part of Cisco's strategic transfer to a software-oriented network model.

03.08.2017

The EUR/USD continues to strengthen almost without any downward correction. However, it is worth noting that the upward movement is becoming more flat, indicating a decrease in the volume of long positions in the pair EUR/USD. Yesterday, after the release of positive data on the producer price index in the...

03.08.2017

ISM Non-Manufacturing PMI is due at 16:00 (GMT+2). The indicator is expected to drop to 57.0 points in July from 57.4 points a month earlier. The index is built upon polls of managers working in services sector to estimate current economic situation in this sector. Values above 45-50 show good...

03.08.2017

Initial Jobless Claims are due at 14:30 (GMT+2). The indicator is expected to drop to 242K within a week against 244K a week earlier. This indicator shows the amount of new initial jobless claims, is published weekly on Thursdays, and gives a perspective of the Non-Farm Payrolls indicator. A decrease...

03.08.2017

The head of the Bank of England Mark Carney is to make a statement at 13:30 (GMT+2). Depending on their tone and nature, they may influence the rate of GBP/USD. 

03.08.2017

The decision of the Bank of England on the interest rate will be released at 13:00 (GMT+2). The Bank of England makes its decision on the interest rate based on the current economic situation and the level of inflation. The growth of the indicator strengthens GBP. If the rate stays...

03.08.2017

Considerable strengthening of CAD against USD that surprised many market participants last month dropped the pair to the level of 2015. Since the beginning of this week the pair has been correcting after the release of positive data on the growth of US GDP. However, the Canadian indexes of prices...

03.08.2017

On D1 chart the pair is trading in the upper part of Bollinger Bands. The indicator was corrected upwards while the price range is widening, indicating the preservation of the current trend. MACD histogram is in the positive zone and its volumes have slightly grown keeping a weak sell signal....

03.08.2017

Since Monday, the pair is trading in the sideways channel of 1.3245-1.3190; investors are waiting for the key event of the week – the meeting of the Bank of England, its decision on the interest rate and the announcement of forecasts for GDP and inflation. In addition, during the press-conference,...

03.08.2017

On the 4-hour chart, the instrument is trading just below the lower line of Bollinger Bands. The price remains below its moving averages that are horizontal. The RSI is falling having broken down its longer MA. The Composite is approaching its strong support region. 

03.08.2017

While observing the dynamics of the pair USD/JPY, we can note a strong support zone of 109.90-110.50. In addition, the pair can’t go lower than the border of the 14-month ascending channel (green on D1). Last week, the yen rose against the fundamental factors, when the Bank of Japan unambiguously...

03.08.2017

D1 chart shows the correction of upward movement. The instrument has corrected to the middle line of Bollinger Bands and slowed down its decrease. MACD histogram is in the positive area keeping a signal for opening buy orders. Stochastic is in the neutral zone keeping a signal for the opening...

03.08.2017

The formation of the fifth wave of the upper level v of 5 as an impulse seems to continue in the H4 chart. Locally the fifth wave (v) of v of 5 is developing, and if the assumption is correct, the growth of the asset price will continue to 97.00....

03.08.2017

A local impulse seems to continue forming as the first wave 1 of (C). Locally the final fifth wave v of 1 continues to develop, and within it local correction (iv) is forming. If the assumption is correct, after its completion the price will continue to fall to 140.00. A...

03.08.2017

The formation of the upper impulse as the third wave of the higher level iii is likely to continue in the H4 chart. Locally downward correction (iv) is developing, and if the assumption is correct, after it is finished one may expect the pair to grow to the levels of...

03.08.2017

The formation of upper correction is likely to be finishing in the H4 chart as the fourth wave 4 of the higher level in form of an irregular flat shape. Locally, the wave с of 4 is being formed, within which the fifth wave (v) of c of 4 is...

03.08.2017

Markit Services PMI is due at 10:30 (GMT+2). The indicator is expected to grow to 53.6 points in July from 53.4 points a month earlier. The indicator shows economic conditions in services sector and is built upon polls of company leaders working in this sector. Values above 50 are perceived...

03.08.2017

As a result of trading session on Wednesday US dollar showed mixed dynamics against the majors. It dropped against euro and pound but grew against yen and AUD. In the pairs with euro and pound pressure on USD was put by ADP data on the level of employment in the...

03.08.2017

Markit Services PMI is due at 10:00 (GMT+2). The indicator is expected to remain unchanged on the level of 55.8 points in July. The index shows economic conditions in services sector, and prospects for further development. Values above 50 are perceived as a positive signal and strengthen EUR. Values below...

03.08.2017

CHF once again led the way down, which is puzzling as there doesn’t seem to be any trigger for the move. From the data on Swiss sight deposits, it appears that the Swiss National Bank (SNB) isn’t intervening to any great extent in the market, nor has there been any...

03.08.2017

The data on Australian trade balance is due at 03:30 (GMT+2). The indicator is expected to drop to 1,800 mln in June from 2,471 mln a month earlier. Trading balance shows the difference between export and import of goods and services in monetary terms. A positive result indicates a surplus...

02.08.2017

San Francisco Fed President John Williams, another non-voter, speaks after Cleveland Fed President Mester. Williams rates at about the same place on the “hawk-o-meter” as Mester does. He toured Australia in early July and spoke almost every day, so his views are well known – he said he thought the...

02.08.2017

Today the US dollar is trading against its main competitors in different directions. In the morning the EUR/USD pair grew to the level of 1.1867, but was corrected to the level of 1.1825. Generally, the US currency is not popular before the US employment data publications on Friday. The Non-Farm...

02.08.2017

On the daily chart the price is near the level of 0.9643 [3/8] (Bottom of Trading Range) and cannot break it. The attempts of falling can be repeated in the next few days, as Stochastic is reversing in the overbought area and forming a sell signal. The consolidation of the...

02.08.2017

On Tuesday the EUR/USD pair was slightly corrected due to the poor Markit Manufacturing PMI publications in Germany (fell to 58.1 points) and EU (fell to 56.6 points). However, after the publication of the USA ISM Markit Manufacturing PMI (the fall exceeded the expectations and the index reached the level...

02.08.2017

The British currency continues to go up against US dollar in view of the falling USD rate. Within two trading weeks the pair has been moving within the upward tendency without long corrections which indicates considerable decrease of demand for USD. US fundamental data cannot support the rate of the...

02.08.2017

Netflix raised a facility on the amount of $500 mln from 5 creditors, including Deutsche Bank AG and Goldman Sachs Group Inc. The company also may increase it by $250 mln. Borrowed funds will be used to replenish its floating assets and for general corporate purposes.

02.08.2017

Last week Procter & Gamble published 4 quarter and 2017 financial year report with the results, which exceeded The Wall Street analysts’ expectations. The QoQ profit reached the level of 16.08 billion USD, which is slightly lower that the last year indicator of 16.10 billion USD. Net profit grew by...

02.08.2017

ADP Employment Change Report is due today at 14:15 GMT+2. The indicator is expected to grow to 188K in July from 158K a month earlier. The index shows the level of employment in nonfarming sectors and is formed on the basis of the data received from about 500 thousand US...

02.08.2017

Gold has reached the maximum at the level of 1273.88, but couldn’t consolidate above it and fell to the level of 1265.65. Gold is under the pressure of the US macroeconomic data: Markit Manufacturing PMI grew to the level of 53.3 points on Tuesday. The index has been growing for...

02.08.2017

Oil prices are falling after the announcement about OPEC states increasing the volume of produced oil. It has grown by 90K barrels a day due to the expansion of production in Libya, Iraq, Nigeria, and UAE. While the market is waiting for the extension of OPEC+ agreement to have effect,...

02.08.2017

On the daily chart, the instrument is trading on the middle MA of Bollinger Bands. The price remains on the level with the EMA14, EMA65, EMA130 and slightly above the SMA200, all horizontal. The RSI is about to retest its longer MA. The Composite is testing its longer MA as...

02.08.2017

Last week the NZD/USD pair grew to 2-year highs, but the area of 0.7500–0.7550 is still too strong resistance, so the pair is consolidating from the beginning of the week. The key issues, which will be published this week and this month, will clear if it is the peak or...

02.08.2017

Like all commodity currencies, AUD remains in consolidation this week after considerable strengthening against USD last month. A strong resistance zone for the pair AUD/USD turns out to be in a range of 0.8010-0.8070.

02.08.2017

On the 4-hour chart the downward correction of the higher level as a wave 2, shaped as a flat, has formed. Locally the development the third wave 3, within which the entering momentum of the lower level (i) is forming, has begun. If the assumption is correct, the price will...

02.08.2017

On the 4-hour chart the downward correction as a fourth wave iv has formed. Locally the formation of the fifth wave v of 5, within which the entering momentum of the lower level (i) is developing, has begun. If the assumption is correct, the price will grow to the levels...

02.08.2017

The downward correction of the higher level as a wave В is developing. Locally of the downward momentum c of B is developing, and within it the third wave of the lower level (iii) is forming. If the assumption is correct, the pair will fall to the level of 108.80....

02.08.2017

On the 4-hour chart the downward momentum within the wave C of the higher level is developing. Locally the development of the upward correction (iv), within which the flat abc is forming, is ending. If the assumption is correct, the pair will fall to the level of 1.2250 after the...

02.08.2017

Eurozone Producer Price Index is due at 11:00 (GMT+2). On YoY basis the indicator is expected to drop to 2.4% in June from 3.3% a month earlier. The indicator shows changes in prices for the goods manufactured in Eurozone. The growth of the indicator strengthens EUR, and its fall weakens...

02.08.2017

UK PMI Construction is due at 10:30 (GMT+2). The indicator is expected to fall to 54.0 points in July from 54.8 a month earlier. 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...

02.08.2017

On Tuesday the US dollar was corrected against the main currencies after 3-day fall. It managed to grow despite the controversial macroeconomic US data. Personal Spending and Income went down in June, Markit Manufacturing PMI was slightly better than expected and reached 53.3 points in July against 53.2 points in...

02.08.2017

With the end-of-month flows finished, USD had a moderately up day despite lower US bond yields. The acceleration in the US core personal consumption expenditure (PCE) deflator for June -- +1.5% yoy vs +1.4% in May (+1.4% expected) – also helped. USD has had a rough patch now and could...

02.08.2017

Information about Australian building permits is due at 03:30 (GMT+2). The indicator is expected to grow to 1.5% in June from -5.6% a month earlier MoM. It shows the number of new issued construction permits. The growth of the indicator shows general improvement of the economy and facilitates the improvement...

01.08.2017

The pair EUR/USD dropped to the level of 1.1800 (having lost 0.30%). Euro is pressed by weak data on industrial PMIs in Germany (dropped by 58.1 points) and Eurozone (reduced to 56.6 points). However, correction may be short, and the market is waiting for the release of the data on...

01.08.2017

The (key) overnight data starts off with the New Zealand employment data. It’s expected to be robust:  the unemployment rate is forecast to continue to decline, while employment is expected to continue rising as more people enter the labor force and net migration swells the number of workers. Some observers...

01.08.2017

On the daily chart, the instrument is trading in the lower Bollinger band. The price remains on the level with the EMA130 and below the EMA14, EMA65 that start turning down, but above the SMA200, which is directed up. The RSI keeps testing its longer MA. The Composite is about...

01.08.2017

NZD remained in the upward trend against USD due to rapid fall of the latter. US dollar has been decreasing for several months in view of negative fundamental data and unstable monetary policy of the Fed. NZD, on the contrary, experiences excessive demand after the release of strong statistics and...

01.08.2017

On Friday the USD was weakening against most of the man currencies due to the negative macroeconomical USA data publications. The traders were disappointed by the growth of the US economy in the second quarter by 2.6%, as the higher value was expected. In addition, the Personal Consumption data were...

01.08.2017

Wal-Mart is looking for suppliers in China and other foreign states to increase the supply of its e-stores in the course of competition with Amazon. The company is gradually moving away from its "made in the USA" campaign as not all goods that are in demand are profitable to be...

01.08.2017

Adobe reported that the updating and distribution of Flash Player will be ended by the end of 2020. The new open standards, such as HTML5, WebGL and WebAssembly, thanks to great functional capacity are gradually replacing Flash. Adobe recommends the producers of content to begin the process of transferring Flash...

01.08.2017

Today the pair is showing mixed dynamics. In the morning the price was growing and reached the level of 0.8040 almost making it to June maximums. Strong July data on Chinese industrial PMI (by Caixin) that grew from 50.4 to 51.1 points gave AUD support. However, the results of the...

01.08.2017

On Monday silver price grew to the maximum level of the last 4 weeks due to the fall of USD after the Communication Director of Trump Administration Anthony Scaramucci’s dismissal, the publication of US controversial fundamental data and the doubts upon the interest rate rise this year. The traders have...

01.08.2017

Oil prices demonstrate stable growth. WTI quotes grew by over 0.60% yesterday. Oil is supported by the news about the USA possibly imposing sanctions against the oil sector of Venezuela, an OPEC member state and one of America's biggest oil suppliers. Possible sanctions may prevent the import of Venezuelan oil...

01.08.2017

Last month the USD/CAD pair fell by almost 10% (almost 900 points). The decrease is due to the Bank of Canada, which began to tighten the monetary policy and increased the interest rate by 0.25 basis points on July, 12. By the time USD has reached the 15-month minimum. The...

01.08.2017

Switzerland seems the only leading country that keeps its monetary policy unchanged while the others tighten it following the example of the Fed. As a result, last week franc weakened against US dollar, and the pair USD/CHF grew despite the release of positive data from Switzerland.

01.08.2017

On the 4-hour chart the upward momentum within the fifth wave 5 of the higher level is forming. Locally the fifth wave v of 5, within which the downward correction (ii) is developing, is forming. If the assumption is correct, the price will fall to the level of 70.50. The...

01.08.2017

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 is developing, within it the formation of the downward correction as a fourth wave (iv) is ending. If the assumption is correct, the...

01.08.2017

On the 4-hour chart the upward trend within the fifth wave 5 of the higher level is forming. Locally the third wave of the lower level (iii) of iii of 5 is developing. If the assumption is correct, the price will grow to the levels of 1.3350–1.3400. The level of...

01.08.2017

On the 4-hour chart the upward trend as a third wave of the higher level 3 is developing. At the moment the third wave (iii) of v of 3 of the lower level is forming. If the assumption is correct, the pair will grow to the levels of 1.190–1.2000. The...

01.08.2017

The main currencies are moving within the dynamics, determined yesterday. The US dollar continued to fall against its competitors. The EUR/USD pair has grown by 0.80% and reached the area of 1.1840. The pair was supported by positive EU unemployment statistics, which fell to 9.1% in June from 9.2% in...

01.08.2017

USD remained under pressure going into the end-month fix in New York. When the currency failed to recover after the fix, more selling came in, pushing the dollar down further. EUR was the best-performing G10 currency overnight and CHF the worst as EUR/CHF continues to move higher. This suggests that...
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