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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Jun 2017

23.06.2017

The pair is still likely to grow.

23.06.2017

The pair is expected to continue its decrease.

23.06.2017

23.06.2017

Today the trading activity in the market is low due to the absence of important macroeconomic releases, and USD is falling against is main competitors.

23.06.2017

USA Markit Services PMI is due at 15:45 (GMT+2). The indicator is expected to grow to 53.8 points in June against 53.6 points in the previous month. The index is built upon polls of managers working in services sector to estimate current economic situation in this sector and the prospects...

23.06.2017

From the beginning of the week the AUD/USD pair is in the strong downward trend. The support, which AUD got from the positive Australian house market data last week, was broken by the Head of the New York FRB commentaries, that the further increase of the interest rate this year...

23.06.2017

The pound has been falling against USD for a month in view of investor demand for dollar and negative fundamental background in the UK. Undoubtedly, the main catalyst of this tendency was the decision of FOMC to increase the key interest rate, as well as comments about further increases in...

23.06.2017

During the yesterday trading session the Japanese yen has strengthened against the US dollar due to the weakening of it. The catalyst of the USD lowering was the drop of the US treasury bonds yield. As a result the USD/JPY pair fall the level of 110.94 and met the support...

23.06.2017

On the daily chart, the instrument tested the level of 0.7280 and slowed down. The pair is trading between the upper and middle lines of Bollinger Bands. In case the level of 0.7280 is broken through, the next target will be 0.7320. MACD histogram is in the positive area and...

23.06.2017

Canadian Consumer Price Index is due at 14:30 (GMT+2). The indicator is expected to drop to 0.3% in May against 0.4% a month earlier. On year-on-year basis, the indicator is expected to drop to 1.5% from 1.6% a month earlier. The indicator shows the changes in price of the basic...

23.06.2017

During the previous week the stock of Procter & Gamble dropped by 0.39%. S&P500 index went up by 0.13% during the same period.

23.06.2017

Last week, Mastercard shares increased by 1.55%. S&P500 index went up by 0.13% during the same period. 

23.06.2017

On D1 chart the instrument is decreasing along the lower border of Bollinger Bands. The price range is widened, and the next target is the support level of 42.00. In case this level is broken through, the price will continue to move to 41.50, 41.00. MACD histogram is in the...

23.06.2017

Last week the pair EUR/USD reached a nine-month high, but after the decision of the US Federal Reserve on the interest rate, the pair began a correction, and is still being corrected. 

23.06.2017

The pair USD/CHF has been trading in the narrow range between the levels of 0.9700 and 0.9780 for two weeks in a row although last week both regulators made decisions on the interest rate. The National Bank of Switzerland confirmed its directed against strong franc. FOMC, on the contrary, is...

23.06.2017

Markit Manufacturing PMI is due at 10:00 (GMT+2). The indicator is expected to fall to 56.8 points from 57.0 points in March. The index shows economic conditions in manufacturing sector, and prospects for further development. Values above 50 are perceived as a positive signal and strengthens EUR. Values below 50...

23.06.2017

Eurozone Markit Services PMI is due at 10:00 (GMT+2). The indicator is expected to drop to 56.2 points in April against 56.3 points in the previous month. The index shows economic conditions in services sector, and prospects for further development. Values above 50 are perceived as a positive signal and...

23.06.2017

Due to the absence of important macroeconomic releases the quotes of the main currency pairs changed slightly. 

23.06.2017

Markit Services PMI is due at 09:30 (GMT+2). The indicator is expected to grow to 55.5 points in June against 55.4 points in the previous month. The indicator evaluates the economic situation in the services sector and is based on a poll taken among the managers of German companies to...

23.06.2017

CAD was the big winner Thursday as a much-better-than-expected retail sales figure combined with higher oil prices to give a double boost to the currency. News that US investor Warren Buffet was buying a minority stake in troubled Canadian mortgage lender Home Capital Group also helped sentiment for the loonie....

22.06.2017

Due to the absence of important macroeconomic releases the trading activity is low. The quotes of the majors are moving in narrow ranged and have changed insignificantly. Today's statistics on initial jobless claims had no significant influence on the dynamic of USD in pairs with other currencies. According to the...

22.06.2017

Consumer Confidence data is due at 16:00 (GMT+2). The indicator is expected to grow to -3.0 points in June from -3.3 points a month earlier. The indicator shows the level of consumer confidence in the current economic situation. High values are considered a positive signal and support the rate of...

22.06.2017

This week Australian currency dropped considerably against USD but still remains in the upward range. 

22.06.2017

During yesterday's trading EUR/USD demonstrated growth from the level of 1.1120 to 1.1170. Euro seems to have found support around 1.1100.

22.06.2017

The data on initial jobless claims in the USA is due at 14:30 (GMT+2). The value is expected to grow to 240K a week against 237K in the previous week. The value indicates the number of new jobless claims. The index is published every Thursday and shows the value of...

22.06.2017

WTI has been trading in the downward trend for the fourth week in a row. Many major market players continue to decrease their long positions which puts additional pressure on the quotes.

22.06.2017

Snap Inc. published a weak financial report for Q1 2017 with revenue and growth of daily volumes of users below market expectations. Net loss of the company made up $2.21 bln against $104 mln YoY. The major part of the costs is associated with Snap Inc.'s IPO in March 2017.

22.06.2017

Yesterday 3M Company announced changes in its top management. New Director of Operations and Executive Vice-President were appointed. They will report directly to the President and Chairman of the Board of Directors Inge Thulin.

22.06.2017

Having easily broken through a number of strong psychological support levels (1.3400, 1.3300, 1.3200), the pair USD/CAD dropped down to its 5-months minimum and started to correct.

22.06.2017

On Monday the pair strengthened in view of statements by FOMC representative William Dudley about the expedience of toughening of the monetary policy in the current year.

22.06.2017

The NZD/USD pair has been squeezed in a narrow range for a second straight week, between the upper border of the 1-year channel on D1 (black line on the chart) and two borders of 18-month channels (purple and blue lines on D1).

22.06.2017

The pair GBP/USD continues to show instability in view of political events in the UK. Yesterday the pair dropped during early trading having tested the support level 1.2600. 

22.06.2017

As a result of trading on Wednesday US dollar dropped against the majors.

22.06.2017

Most of the volatility over the last 24 hours has been in oil and GBP. Oil surged late in the US day on a fall in inventories and comments from Iran that OPEC members were talking about cutting back production further (easy for Iran to say – they’re not participating...

22.06.2017

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%. The Reserve Bank of New Zealand announces its decision on interest rates. A rate increase strengthens the NZD. A rate decrease weakens the NZD.

21.06.2017

The market overnight will be focused on the Reserve Bank of NZ (RBNZ) meeting. Several central banks (Bank of England, ECB, Bank of Canada) have signaled recently that they are moving towards normalizing their extraordinary interest rate policies at some point in the future. However, the RBNZ doesn’t seem to...

21.06.2017

Today, US dollar is trading in both directions against the majors.

21.06.2017

The middle term period growth of the European currency against the US dollar rapidly stopped after the USA FRS decision to increase the interest rate, which caused the growing demand on the USD. 

21.06.2017

Yesterday the pair USD/CAD slightly grew moving away from the strong support level of 1.3200. The quotes of CAD reacted to the fall of oil prices. The downward trend in the pair was so strong that even the reduction on the price of hydrocarbons failed to push CAD down against...

21.06.2017

During yesterday trading the quotes of the British currency dropped against USD and reached the level of 1.2600. 

21.06.2017

During the last week Johnson & Johnson stocks grew by 1.67% against the growth of the S&P 500 index by 0.05%.

21.06.2017

In the last week the stock of Starbucks dropped by 1.74%. S&P500 gained  0.05% within the same  period of time.

21.06.2017

Oil prices are falling in view of the remaining supply and demand disbalance in the world oil market. They dropped to the level of 7-months minimums at 45.80. The sales were supported by the news about the growth of production in Libya. While the market is waiting for an effect...

21.06.2017

In the end of the previous week AUD consolidated in view of unexpectedly positive data from the Australian labor market. The pair AUD/USD broke through the psychologically important level of 0.7500 and the upper border of the 6-weeks upward channel (green line in H4). After that the statements by FOMC...

21.06.2017

From the end of the previous week the Japanese currency is going down against the US dollar. The Bank of Japan decision to keep interest rate at the minimal level and unexpectedly high trade deficit were the main causes of the JPY fall. The growth of the USD/JPY pair is...

21.06.2017

The Public Sector Net Borrowing publication is due at 10:30 (GMT+2) in the United Kingdom. The index is expected to fall to 7.00 billion GBP in May from 9.65 billion in the previous month. The index represents the government debt. Positive values indicate a budget deficit and weaken the GBP....

21.06.2017

During the last trading session the US dollar strengthened against most of the main currencies.

21.06.2017

From the beginning of the month gold is trading within the downwards trend, and didn’t crossed the upper level of 1296.91 USD per troy ounce. The prices lost around 3.5%. The issuer is pressed by the strengthening of the US currency due to William Dudley commentaries that the US economy...

21.06.2017

The big moves over the last 24 hours were in sterling and oil. Sterling was hit hard by Bank of England Gov. Carney’s dovish comments at his delayed Mansion House speech. He said that “now is not the time” to raise rates and cited mixed signals on consumer spending and...

21.06.2017

The Bank of Japan releases an overview of current economic conditions in the country and assesses economic prospects.

20.06.2017

Dallas Fed President Robert Kaplan will speak on current US economic conditions and monetary policy. Kaplan was the first Fed official to speak in public after the recent FOMC meeting, so his basic views are already known. He said he was surprised by how low inflation has been and said...

20.06.2017

Today USD is falling against the majors except for the British pound.

20.06.2017

On the D1 chart the instrument moved away from the support level of 16.45 and moved to growth. Bollinger Bands are directed sideward, and the price range ins widening indicating the preservation of the current trend. MACD histogram is in the negative zone with its volumes reducing and keeping the...

20.06.2017

This week there is no significant macroeconomic events in the USA, which can affect the EUR/USD pair.

20.06.2017

During the yesterday trading session the USD/JPY pair grew and consolidated above the strong resistance level of 110.85. The USD strengthened against the JPY due to the growth of the yield of treasury bonds.

20.06.2017

Today the pair was under pressure after the statement by the head of the Bank of England Mark Carney. The major part of the speech was devoted to economic risks faced by the UK due to Brexit.

20.06.2017

During the last week PayPal stocks grew by 1.48% against the growth of S&P 500 index by 0.70%.

20.06.2017

United Technologies Corp. announced the growth of its quarterly dividends by 6.1% YoY to $0.70 per share. The payment of the dividends is scheduled for September 10. Stable growth of quarterly dividends is in line with the company's strategy of securing competitive returns for its shareholders.

20.06.2017

The New Zealand dollar is strengthening against the US dollar. After the rapid fall on Monday the pair began to grow, and now it is trading around the level of 0.7260. 

20.06.2017

Last week Swiss franc was falling against USD in view of FOMC decision to increase the interest rate. On the other hand, the fall of franc was facilitated by the fact that the National Bank of Switzerland kept the rate on the previous level. 

20.06.2017

Oil prices began to fall on May, 25, after the OPEC decision to prolong the oil production limitation Agreement. In the end of the last week the price met the strong support around 46.70. The reaction of the oil price around this year minimum will possibly determine the further price...

20.06.2017

During previous trading session the US dollar has strengthened against the main currencies. Due to the lack of macroeconomic events the market participants were fixing the profit on the short USD positions, which led to the strengthening of the US currency. The dollar was also supported by positive Fed's William...

20.06.2017

The dollar was generally stronger after NY Fed President William Dudley expressed his confidence in the US economy. He said the economy was “pretty close” to full employment and as the labor market tightens, “we’ll see inflation get back to 2%.” In other words, they have just about achieved their...

20.06.2017

The Producer Price Index is due at 08:00 (GMT+2) in Germany. The YoY index is expected to lower to 2.8% in May from 3.4% in the previous month. The MoM index the index is expected to lower to -0.2% in May from 0.4% in the previous month. It represents the...

20.06.2017

The RBA Meeting's Minutes is due at 03:30 (GMT+2) in Australia. Minutes of the RBA monetary policy meetings are released two weeks after each meeting. The publication contains commentaries regarding the most recent decisions as well as information about the votes of each individual member of the Board.

19.06.2017

The US dollar is growing against most of the main currencies due to the lack of key macroeconomic releases.

19.06.2017

There are no indicators out overnight, only speakers and one publication.

19.06.2017

Australian currency is proving its strength once again consolidating against USD after considerable fall in April and early May. In the middle of May the pair moved away from the keu support level 0.7330 and went up in view of growing investor support caused by the release of positive data...

19.06.2017

The Brent Crude Oil is being corrected after it reached the minimum at the level of 2/8 Murray or 46.87. The downward is still developing, and only the consolidation of the price above the key resistance level of 50.00 or 4/8 Murray can reflect the changing of the trend.

19.06.2017

During today's trading the quotes of gold dropped to the level of 1249.00. Gold is falling due to the strengthening of US dollar. Investors switch to USD expecting the statement by FOMC New York head William Dudley scheduled for today 14:00 (GMT+2). If FOMC confirms its "hawkish" trend in the...

19.06.2017

During the last week Pfizer stocks grew by 0.61% against the growth of the S&P 500 index by 0.27%.

19.06.2017

In the last week the stock of Netflix dropped by 3.58%. S&P500 went up by 0.27% within the same period.

19.06.2017

The New Zealand dollar is growing against the US dollar for the whole month. Last week the pair renewed the 4-month maximum. Despite the USA FRS decision to increase the interest rate, the NZD/USD pair closed in the green zone last week, and began the current week with а gap,...

19.06.2017

Last week the Bank of England announced its decision on the interest rate. The value of 0.25% remained unchanged, but in the comments on the fiscal policy the representatives of the Central Bank announced not only positive aspects but also risks for the UK in view of the upcoming Brexit...

19.06.2017

During the second week the USD/JPY pair is trading within the narrow range between the levels of 109.00 and 110.50. 

19.06.2017

On Friday the pair EUR/USD closed with growth caused by the release of positive Eurozone inflation statistics. The end of the previous week was characterized by market volatility. Namely, the price dropped after the increase of FOMC interest rate. 

19.06.2017

During the trading session on Friday the USD lowered against most of the main currencies.

19.06.2017

The dollar fell Friday despite the Fed’s rate hike, steady rate outlook among FOMC members, and the surprising plans to start reducing the Fed’s balance sheet. The combination of disappointing data and unsteady US politics is starting to weigh on the US currency. 

19.06.2017

The trading balance of Japan is due at 01:50 (GMT+2). The indicator shows the difference between export and import. A positive value is formed in case of export prevalence and indicates the proficiency of the balance. Negative values  indicate balance deficiency and signal that import is higher than export. High...

16.06.2017

The pair is expected to continue growth.

16.06.2017

16.06.2017

16.06.2017

The main currencies pairs changed insignificantly due to the absence of the macroeconomic releases.

16.06.2017

During the yesterday trading session the oil price lowered to the level of the 6 week minimum, being pressed by the maintaining of the oversupplied recourses and the doubts in the OPEC capacity to imply the oil limitation agreement.

16.06.2017

In the beginning of the current week USD continued to decrease against yen in view of the growth of demand for it and the decline of USD rate in view of the upcoming decision on the interest rate. Investors expected that FOMC members would postpone the increase of the interest...

16.06.2017

During the last week the eBay stocks lowered by 5.67% against the growth of the S&P 500 index by 0.28%.

16.06.2017

In the previous week the stock of The Home Depot grew by 2.13%. S&P500 went up by 0.28% within the same period of time.

16.06.2017

After the almost two weeks of AUD growing against the USD, the AUD/USD pair reached the last three month maximum, crossing more than 200 points. 

16.06.2017

On the daily chart, the instrument is trading in the lower Bollinger band. The price remains above the EMA65, EMA130 and SMA200 that are directed up. The RSI has formed a “double bottom” reverse pattern. The Composite is about to test its longer MA and keeps forming a Bullish divergence...

16.06.2017

In view of the absence of important macroeconomic releases market participants continue to buy the US currency which in turn leads to the reduction of gold rate to the level of 1251.72. The sellers have tested this level several times, but failed to drop the rate below it.

16.06.2017

On the daily chart, the pair is trading on the lower line of Bollinger Bands. The price remains below its moving averages that start turning down. The RSI is trying to leave the oversold zone. The Composite turned up as well just above its last month support. 

16.06.2017

Eurozone Consumer Price Index is due at 11:00 (GMT+2). The indicator is expected to remain unchanged on the level of 1.4% YoY in May. On a monthly basis the indicator is expected to drop to -0.1% in May from 0.4% a month earlier. It is the key indicator of inflation...

16.06.2017

The New Zealand currency against the US dollar is trading near the support level of 0.7201 or 8/8 Murray. In case of breakdown and consolidation of the price the next target will be at 5/8 Murray or 0.7140.

16.06.2017

Since the beginning of the previous week Swiss franc has been falling against USD and the majority of other currencies. Yesterday at its meeting the National Bank of Switzerland decided to keep the interest rate on the minimal level of -0.75%. 

16.06.2017

The price can grow. 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 third wave (iii) of v of the lower level is developing, is forming. If the assumption is correct,...

16.06.2017

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

16.06.2017

The pair continues to lower. The upward momentum within the wave c of 4 of the highest level has formed, and the development the fifth wave 5 has begun. At the moment the first wave i of 5, within which the upward correction of the lower level (iv) has ended,...

16.06.2017

The pair can lower. On the 4-hour chart the third wave of the highest level 3 is developing. At the moment the downward correction as a wave iv of 3, within which the downward momentum as a wave (c) is forming, is developing. If the assumption is correct, the pair...

16.06.2017

The US dollar is growing against the main currencies, expect the GBP. The GBP/USD pair grew after the Bank of England Meeting Minutes showed the growth of the number of the experts, which voted for the increase of the interest rate. As a result the GBP grew from the minimum...

16.06.2017

An exciting week with four central bank meetings comes to a relatively quiet close. The day’s major event is already over, with the Bank of Japan (BoJ) holding policy steady and offering no new insights into its exit strategy. JPY weakened substantially going into the announcement and showed almost no...

16.06.2017

The press conference of the Bank of Japan is due at 08:30 (GMT+2). At the press conference the head of the Bank of Japan makes comments on the made decision on the interest rate. He also explained the position of the Central Bank regarding the monetary policy. 

16.06.2017

The decision of the Bank of Japan on the Interest Rate will be published at 04:00 (GMT+2). The indicator is expected to remain unchanged on the level of -0.1%. The Bank of Japan makes the decision based on current economic situation and inflation level. The growth of the indicator strengthens...

15.06.2017

Boy was I wrong about the Bank of England! I thought that at most, Kirstin Forbes might vote again to hike, but more likely, in the wake of the disruptive General Election and slowing wage growth, she would probably rejoin the consensus. But on the contrary, two others joined her...

15.06.2017

The US dollar is growing against most of the main currencies.

15.06.2017

As expected, after the long growth the NZD against the USD due to the lowering of the investors’ interest in the US dollar the pair rebounded from the key resistance level 0.7320 and began to lower. The main catalyst of the fall became the USA FRS interest rate increase. The...

15.06.2017

The Industrial Production (MoM) publication is due at 15:15 (GMT+2) in the USA. The MoM index is expected to lower to 0.2% in May from 1.0% in the previous month. It represents industrial output in the US. It is one of the major indicators of the state of the national...

15.06.2017

On the daily chart, the pair is trading in the lower Bollinger band. The price remains above the SMA200 and on the level with the EMA65, EMA130 that are horizontal. The RSI is growing having bounced off the border of the oversold zone. The Composite turned up as well, having...

15.06.2017

The Initial Jobless Claims is due at 14:30 (GMT+2) in the USA. The index is expected to lower 242K in a week from 245K in the previous week. It represents the number of new unemployment claims and is published weekly on Thursdays. It allows approximating what nonfarm payrolls will be....

15.06.2017

Yesterday FOMC announced its decision on the interest rate. Its increase by 25 basis points was not a surprise, but "hawkish" rhetorics of FOMC head in the follow-up comments was absolutely unexpected by market participants. Janet Yellen announced that the regulator planned one more increase this year. 

15.06.2017

During the last week Facebook stocks lowered by 1.87% against the growth of the S&P 500 index by 0.05%.

15.06.2017

Last week, HP Inc. share price decreased by 4.61%. S&P500 went up by 0.05% within the same period. 

15.06.2017

After the Interest Rate Decision the Monetary Policy Committee Minutes with the commentaries upon the decisions made is published. 

15.06.2017

The BoE Interest Rate Decision is due at 13:00 (GMT+2). The index is expected to stay on the same level of 0.25%. Depending on the current economic situation and the level of inflation, the Bank of England makes its decision on the interest rate. The rate increase strengthens the GBP....

15.06.2017

During the yesterday trading session the Brent oil prices lowered by 2.70% to the area of the level of 47.00. The prices were pressed by the EIA Crude Oil Stocks change, which reflected the lowering of the oil recourses slower than expected. 

15.06.2017

The EUR/USD pair reacted to the negative US inflation and Retail Sales by the active growth. The pair could reach the maximum around the level of 1.1295. 

15.06.2017

In the beginning of the previous week gold updated its 6-months maximum having broken though the upper border of D1 blue channel and strong psychological levels of 1270.00 and 1285.00. After that gold started to move backwards and almost reached the level of 1300.00. Weakening factors for gold were the...

15.06.2017

On the daily chart, the instrument is correcting down from the upper line of Bollinger Bands. The price remains above the EMA130 and SMA200 that are horizontal. The RSI is about to retest its longer MA from above. The Composite is turning down as well. Both indicators are showing Bullish...

15.06.2017

Since the end of the previous week Canadian currency has been actively strengthening against USD due to positive data from the Canadian labor market. Moreover, CAD is supported by the statement of chief deputy chairperson of the Bank of Canada Caroline Wilkins made on Monday, in which the issue of...

15.06.2017

The correction ended. The trend is upward. The upward momentum as a third wave 3 of the highest level is developing. Locally the downward correction as a wave (iv) has formed, and the development the fifth wave (v) of iii is beginning. If the assumption is correct, the price will...

15.06.2017

The trend is upward. The upward trend within the fifth wave of the highest level is developing. Locally the fifth wave v of 5 of the lower level, within which the first wave (i) has formed as a momentum and the local correction (ii) has ended, is developing. If the...

15.06.2017

The pair can grow. On the 4-hour chart the downward trend within the third wave 3 of the highest level is forming. Locally the upward correction as a wave iv of 3, within which the growth of the pair to the level of 0.9794 is expected, is forming. The level...

15.06.2017

The trend is upward. The third wave iii of 3 of the highest level is forming. Locally the third wave of the lower level (iii), within which the growth of the pair to the level of 0.7740-0.7850 is expected, is developing. The level of 0.7516 is critical for this scenario.

15.06.2017

The Retail Sales publication is due at 10:30 (GMT+2) in the UK. The YoY index is expected to lower to 1.7% in May from 4.0% in the previous month. The MoM index is expected to lower to -0.8% in May from 2.3% in the previous month. The index represents the...

15.06.2017

During the trading session on Wednesday the US dollar showed a rapid dynamics.

15.06.2017

A press conference is held after the interest rate decision has been announced. The press conference is broken up in two parts. During the first one, the prepared statement of the Swiss National Bank is read, and then SNB representatives give their commentaries. Depending on the tone, the commentaries can...

15.06.2017

The SNB Interest Rate Decision is due at 09:30 (GMT+2) in Switzerland. The index is expected to stay on the same level of -0.75%. The Swiss National Bank announces its decision on interest rates. A rate increase strengthens the CHF, while a decrease weakens the CHF.

15.06.2017

The FOMC meeting largely delivered the “dovish rate hike” that the market was expecting. The key phrase was that they are “monitoring inflation developments closely,” which implies that they could pause if US inflation continues to decelerate. 

15.06.2017

The Employment Change s.a. is due at 03:30 (GMT+2) in Australia. The index is expected to lower to 10.0K in May from 37.4K in the previous month. The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in...

15.06.2017

The Gross Domestic Product publication is due at 00:45 (GMT+2) in the New Zealand. The QoQ index is expected to grow to 0.7% in the 1 quarter from 0.4% in the previous period. The data on Gross Domestic Product represents the total value of goods and services created in the...

14.06.2017

After announcing FOMC's decision on interest rate, Janet Yellen is going to answer questions regarding current economic situation in the USA. Comments of the head of FOMC have significant influence on the market and are able to strengthen or weaken USD rate.

14.06.2017

FOMC's decision of the interest rate is due today at 20:00 (GMT+2). The indicator is expected to be increased by 0.25 percentage points to 1.25% The decision on the interest rate is announced by the fiscal policy committee of FOMC. This indicator is very important for the economy and influences...

14.06.2017

Following the FOMC meeting, the next point of interest for the market will be Q1 GDP in New Zealand. Growth in Q4 2016 was weighed down by a fall in milk production and a temporary shutdown of a major oil platform. Both have since recovered, and so growth in agriculture...

14.06.2017

The rate of US dollar rapidly dropped against the majors after the release of negative statistics on inflation and retail sales from the USA. On monthly basis retail sales dropped to -0.3% in May from 0.4% a month earlier. Consumer price index dropped to 1.9% YoY in May against 2.2%...

14.06.2017

After the good growth in April and May the EUR against the USD reversed into the consolidation stage. During the last three trading weeks the pair is trading in the sideways trend within the channel of 1.1155-1.1280.

14.06.2017

During Tuesday trading gold prices have not changed significantly as the majority of the investors did not take any active effort in view of the upcoming FOMC decision on the interest rate and the announcement of further direction of the fiscal policy. XAU/USD is consolidating around the strong resistance level...

14.06.2017

The technological sector index Nasdaq has restored some of its previous losses and now is trading around the resistance level of 6/8 Murray or 5781.1. The minimum was reached at the level of 5635.4 on Monday.

14.06.2017

US Consumer Price Index is due at 14:30 (GMT+2). It is forecasted that on YoY basis, the indicator will fall to 2.0% in May from 2.2% a month earlier. It is the key indicator of inflation in the country and represents the change in the value of the basket of...

14.06.2017

The data on US retail sales are due at 14:30 (GMT+2). On a monthly basis the indicator is expected to drop to 0.1% in May from 0.4% a month earlier. The indicator shows changes in the volumes of sales in the retail sector. Growth of the index is a positive...

14.06.2017

On the daily chart, the pair is trading in the lower Bollinger band. The price remains below the EMA14, EMA65 and EMA130 that start turning down, but above the SMA200, which is still directed up. The RSI is testing its longer MA, representing a Bullish divergence. The Composite is showing...

14.06.2017

During the last week Adobe shared lowered by 2.75% against the growth of the S&P 500 index by 0.33%.

14.06.2017

In the previous week The Walt Disney stock grew by 1.00%. S&P500 gained 0.33% within the same period of time.

14.06.2017

The rate of GBP/USD continues to gradually strengthen and has already reached the level of 1.2800, but failed to consolidate above it. 

14.06.2017

The data on Eurozone industrial output is due at 12:00 (GMT+2). The indicator is expected to grow to 0.5% in April from -0.1% a month earlier. The indicator shows changes in industrial output volume and is one of the most important indexes of the state of the economy. High results...

14.06.2017

Since the end of the previous week oil has been strengthening after a fall caused by OPEC+ meeting on May 25. The consolidation of the quotes took place even despite considerable increase of oil and petrochemicals reserves in the USA and growth of the number of active drilling rigs. 

14.06.2017

Swiss franc has been actively falling against USD since the previous week although the data on the unemployment rate and inflation from Switzerland was better than forecast. 

14.06.2017

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

14.06.2017

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%. 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 jobs as...

14.06.2017

The data on the UK jobless claims is due at 10:30 (GMT+2). It is forecast that the indicator will fall to 10.0 thousand in May compared to 19.4 thousand a month earlier. The indicator shows the amount of British citizens not having a job. High values of the indicator weaken...

14.06.2017

The growth of the price is expected. On the 4-hour chart the downward correction as a fourth wave of the highest level as a zigzag has formed. Locally the entering momentum (i) of v of 5 has formed. If the assumption is correct, the price will grow to the level...

14.06.2017

The trend is downward. On the 4-hour chart the upward correction of the highest level as a wave В has formed. Locally the formation of the fifth wave С, within which the first wave of the lower level i of С is developing, has begun. If the assumption is correct,...

14.06.2017

The pair can lower. The downward correction ii of C, within which the zigzag (a)(b)(c) is developing, is forming. Locally the wave (с), within which the fifth wave of the lower level v of (c) is forming, is developing. If the assumption is correct, the pair will lower to the...

14.06.2017

US dollar strengthened yesterday against the Autralian currency in view of release of data on the changes of manufacturers price index in the USA. The release was better than expected: manufacturers price index in May grew by 2.4% YoY against the forecast of 2.3%; and manufacturers price index without food...

14.06.2017

The main currency pairs changed insignificantly and are moving within narrow ranges, as the traders are waiting for the USA FRS Interest Rate Decision. The markets are sure that the interest rate will be increased by 0.25% p. p. during the meeting today, which has already been accounted in the...

14.06.2017

The focus today will be on the Federal Open Market Committee (FOMC) meeting, the rate-setting meeting for the US central bank. The Committee is widely expected to hike rates. In fact, it’s seen as effectively a done deal.  

14.06.2017

German Consumer Prices Index is due at 08:00 (GMT+2). The indicator is expected to remain unchanged on the level of -0.2% on the monthly basis in May. The index shows the changes in household commodity and service prices and is considered the main inflation indicator. The growth of the indicator...

13.06.2017

Most of the main currencies are trading quite calm. The market participants are waiting for the main issue of the current week — the USA FRS Interest Rate Decision, which will be published tomorrow at 20:00 (GMT+2). Despite the decision, the traders are waiting for the FOMC Press conference tomorrow:...

13.06.2017

Overnight we get the usual monthly trio of Chinese indicators:  retail sales, industrial production, and fixed asset investment (FAI). They are forecast to show remarkably little change from the previous month, just a slow, gentle deceleration from the modest upturn that two of the three took back in March.

13.06.2017

After the second wave of reduction the pair USD/JPY moved to the consolidation stage and has been trading in the lateral channel for five days. 

13.06.2017

During the last week Tesla stocks grew by 3.37% against the growth of the S&P 500 index by 0.14%. 

13.06.2017

In the previous week the stock of Exxon Mobil grew by 3.51%. S&P500 gained 0.14% within the same period of time.

13.06.2017

Silver prices are lowering during the second week. The absence of corrections reflects the strength of the current trend. 

13.06.2017

On the daily chart, the pair is trading below the lower line of Bollinger Bands. The price remains below its moving averages that are horizontal. The RSI is testing the border of the oversold zone. The Composite is approaching its last month support and is about to form a divergence...

13.06.2017

WTI quotes after a long fall moved to the upward correction phase from the level of 45.36. Oil prices gained certain support from the statement of the Minister of Energy of Saudi Arabia that his country has considerably decrease oil supply to the market. 

13.06.2017

ZEW Institute Business Circles Climate Index is due at 12:00 (GMT+2). It is forecast that the indicator will rise to 21.5 points in June compared to 20.6 points a month earlier. The indicator is calculated by the Economic Studies Center (ZEW) on the basis of poll of the leading European...

13.06.2017

Last week commodity currencies strengthened against USD and NZD showed the best results. The pair NZD/USD updated its 3-months maximum having broken though such psychologically important levels as 0.7100 and 0.7200. 

13.06.2017

The British Consumer Price Index is due at 11:30 (GMT+2). The indicator is expected to remain unchanged on the level of 2.7% YoY in May. On a monthly basis the indicator is expected to drop to 0.2% in May from 0.5% a month earlier. Consumer Price Index is one of...

13.06.2017

The S&P 500 index tried to consolidate below the support level of 2421.7 or 7/8 Murray, but failed and now is trading at the level of 2430.1. The FRS Meeting is expected this week. 

13.06.2017

On the daily chart, the pair is trading in the lower Bollinger band. The price remains below its moving averages that start turning down. The RSI is testing its longer MA from below. The Composite is growing, having failed its longer MA. Both indicators are showing a Bullish divergence with...

13.06.2017

From the last week the AUD is growing against the USD. As a result the AUD/USD pair grew above the 2 years trend line (the green line on the D1) and the key level of 0.7500. The crossing of such significant resistance levels can confirm the strong “bullish” mood of...

13.06.2017

The correction is ending. On the 4-hour chart the formation of the downward correction as a fourth wave iv, which is taking the form of the triangle, is ending. Locally the ending wave (е) is developing. If the assumption is correct, the price will grow within the fifth wave v...

13.06.2017

The price can grow. The formation of downward correction as a wave (ii) of iii, within which the zigzag abc has formed, has ended. Locally the development the third wave (iii), within which the first entering wave of the lower level i is forming, has begun. If the assumption is...

13.06.2017

The pair is lowering The upward momentum within the wave c of 4 of the highest level has formed, and the development the fifth wave 5 has begun. At the moment the first wave i of 5, within which the third wave of the lower level (iii) has formed, is...

13.06.2017

The pair is in correction. On the 4-hour chart the third wave of the highest level 3 is developing. At the moment the formation of the upward momentum within the third wave of the lower level iii of 3 has ended, and the downward correction as a wave iv of...

13.06.2017

During the yesterday trading session the US dollar was trading mixed against the main currencies. Yesterday there were no significant releases in the macroeconomic calendar, so the currencies were traded calmly and changed greatly.

13.06.2017

Once again CAD was the best performing currency. It rallied Friday on better-than-expected employment data and then gained further Monday after Senior Deputy Governor Carolyn Wilkins stressed that the nation’s recovery is broadening, giving policy makers “reason to be encouraged.” She said the BoC would assess “whether all of the...

12.06.2017

At 20:00 (GMT+2) data on the US budget will be published. The report shows the ratio between the state's revenues and expenditures. When spending exceeds the income, a budget deficit is formed. When income exceeds expenditure, a budget surplus is formed. A positive result strengthens the USD, a negative result...

12.06.2017

Today USD weakened against the majority of its competitors.

12.06.2017

After a long upward trend from March to May, the British currency reached a key resistance level of 1.3040 and entered the consolidation stage. Later, the pair began to decline as a consequence of profit taking on long positions and growing demand for the US dollar. Additional pressure on the...

12.06.2017

On the daily chart, the instrument is correcting up from the lower line of Bollinger Bands. The price remains below its moving averages that start turning down. The RSI is about to test its longer MA from below, having bounced off the border of the oversold zone. The Composite is...

12.06.2017

During Friday trading the rate of XAU/USD dropped to the level of 1264.00 showing the third day of decreasing in a row. The sales of gold are carried out in view of anoter FOMC meeting schedulled for Wednesday. The majority of forecasts indicate possible increase of the interest rate, that...

12.06.2017

Today, the euro is strengthening against the US dollar after a decline at the end of last week, which was partly caused by the unexpected outcome of the parliamentary elections in the UK. 

12.06.2017

The company also announced the support of Samsung Pay in Hong Kong. Visa customers may carry out payments via a mobile application. According to the company's estimates about 78% of Hong Kong residents make daily payments with their smartphones.

12.06.2017

Last quarter Cisco paid its investors over $2 bln, $1.5 bln of which covered the payment of dividends and $0.51 bln was allocated for the repurchase of shares.

12.06.2017

Last week was marked by a very poor news background for Japan. Important data came out only on Thursday, and it was Japan's GDP, quarterly and annual. Both indicators were worse than forecast. 

12.06.2017

The price is correcting. An upward tendency in the fifth wave of the highest level 5 is likely to be forming within the H4 timeframe. Locally the development of the third wave (iii) of iii of 5 seems to have ended as an impulse, and the formation of downward correction...

12.06.2017

The price is correcting. Upward momentum is likely to be formed within the fifth wave 5 of the highest level. Currently the development of the third wave of the lowest level iii of 5 seems to have finished, and downward correction is being formed a the fourth wave that has...

12.06.2017

The pair is correcting. A downward tendency in the third wave of the highest level 3 is likely to be forming within the H4 timeframe. Locally the development of the third wave of the lowest level iii of 3 seems to have ended as an impuls, and the formation of...

12.06.2017

The trend is upward. The third wave iii of the highest level 3 is likely to continue forming. and within it the development of wave (iii) of the lowest level has started. Locally an upward impulse seems to have been formed as the first wave i of (iii). If the...

12.06.2017

Last week in Canada the index of business activity was worse than the forecast, moreover, the negative statistics on the number of building permits and the volume of construction of new houses were released.

12.06.2017

US dollar traded in both directions against its main competitors.

12.06.2017

I’ve rarely seen a day with so little on the agenda. Not a single indicator or speaker of note is scheduled for today. 

12.06.2017

At 00:45 (GMT+2) data on retail sales using electronic payment cards for May will be released. The indicator reflects the number of purchases made with credit and debit cards. It is also considered as an indicator of the state of the retail sector. High values ​​of the indicator are a...

09.06.2017

09.06.2017

09.06.2017

Today USD strengthened against the majority of its competitors. 

09.06.2017

On the H4 chart the pair is trading within the upward corridor. The price is at its lower border and growth is prevented by the level of 3.5320 (correction 23.6%, middle line of Bollinger Bands). Breaking through this level upwards may lead to growth to the levels of 3.5530 (correction...

09.06.2017

Yesterday the pair could not overcome the 1.1265 level and today it fell below the level of 1.1200. The euro began to fall after the last meeting of the ECB. As expected, the regulator left interest rates and the volume of asset purchase unchanged. Mario Draghi lowered inflation expectations for...

09.06.2017

Nasdaq index of high-tech companies continues to build up new records: the price has reached the level of 5891.4. The support level is at 5859.2 or 7/8 Murrey. According to analysts, the situation with the impeachment of the US President is gradually fading away.

09.06.2017

At 14:30 (GMT+2) unemployment data will be published in Canada. It is expected that the figure will rise to 6.6% in May from 6.5% a month earlier. The indicator is published by the “Statistics Canada” and shows the percentage of unemployed people among the total number of able-bodied citizens. The...

09.06.2017

Over the past week Mastercard shares rose by 1.10%. For the same period the S&P500 index fell by 0.25%.

09.06.2017

On the H4 chart the price met the collection of corrections 23.6% and 50.0% at the level of 17.30. If it is broken together with the line of the upward fan 38.2% that is located below the fall may continue to the collection of corrections 38.2% to the level of...

09.06.2017

In the previous week the stock of Johnson & Johnson grew by 1.37%. S&P500 index went down by 0.25% during the same period.

09.06.2017

The unexpected increase in oil reserves in the US led to a decrease in oil prices by almost 5% per day. The price dropped under the key level of $50 per barrel. It is noteworthy that the current decline in oil prices occurs during a conflict between two leading Arab...

09.06.2017

Starting from last Friday after the release of disappointing statistics on the US labor market Australian currency is actively consolidating against USD. 

09.06.2017

The upward trend is in force. On the H4 chart an upward pulse within the third higher-level wave 3 is still strong. Locally there is formation of the fifth wave v of 3, within the framework of which the third wave (iii) of v of the lower level develops. The...

09.06.2017

The upward trend is in force. Presumably, the upward impulse is still strong within the third wave 3 of the higher level. Locally there is the development of the fifth wave v of 3, within the framework of which the formation of the third wave (iii) of v of the...

09.06.2017

The pair is expected to continue growing. On the H4 chart an uptrend within the wave B is still forming. Locally the formation of the fifth wave (v) began, within which the downward correction of the lower level ii of (v) was completed, and the formation of the third wave...

09.06.2017

The downward correction is almost complete. Presumably, the formation of the downward correction ii of C is almost complete, within which the zigzag (a)(b)(c) develops. Locally there is a wave (c) developing, within which the fourth wave of the lower level iv of (c) was completed. If the assumption is...

09.06.2017

At 10:30 (GMT+2) data on industrial production will be released. It is forecasted that in annual terms the indicator will drop to -0.2% in April from 1.4% a month earlier. The index shows the level of production in the UK and is the one of the main indicators of the...

09.06.2017

At 10:30 (GMT+2) inflation forecast will be published. The indicator estimates consumer's expected inflation rate in a 12-month period.

09.06.2017

The pound fell by over 200 points against US dollar in view of release of exit polls data. According to them, the possibility that the Concervative Party may lose its absolute majority in the Parliament remained. 

09.06.2017

The EUR/USD fell significantly and reached the level of 1.1178. A sharp weakening of the European currency was triggered by Mario Draghi's speech following the ECB meeting. The head of the European regulator said that the level of inflation in the Eurozone is not high enough, and the European economy...

09.06.2017

At the time of writing, it looks like the UK will have a “hung Parliament” – no single party is likely to win enough seats to govern by itself. PM May called the election in order to increase the Conservative’s majority and thereby strengthen her mandate in negotiations with the...

09.06.2017

At 08:00 (GMT+2) data on the trade balance will be published. It is expected that the figure will rise to 20.5 billion euros in April from 19.6 billion a month earlier. The indicator is the difference between the import and export of goods and services in monetary terms. A positive...

09.06.2017

At 03:30 (GMT+2) data on home loans will be published. It is forecasted that the figure will drop to -1.0% in April from -0.5% a month earlier. The indicator shows the number of new mortgage loans issued and is one of the main on the real estate market. The growth...

08.06.2017

Today the US currency is consolidating against the majority of its main competitors.

08.06.2017

Overnight the main focus will still be on the UK General Election – waiting for the results and interpreting them as they come out. People may be focusing on turnout as an indicator of the results – many young people apparently registered to vote for the first time, but will...

08.06.2017

The pair USD/CAD has been trading in the side channel 1.3430-1.3540 for over two weeks. The movement of the pair slowed down after the May meeting of OPEC states. Oil prices that have been falling ever since put considerable pressure on CAD. On the other hand, weak recent economic data...

08.06.2017

Last week, the US dollar lost its position due to the negative statistics of NFPR. On the other hand, the RBA left the key interest rate unchanged, not expressing particular concern about the low inflation rate, which may indicate a low probability of decreasing of interest rates in Australia –...

08.06.2017

On the daily chart, the pair is growing along the upper line of Bollinger Bands. The price remains above the moving averages that start turning up. The RSI is testing the border of the overbought zone. The Composite, however, begins forming a divergence with the price suggesting a decline possibility. 

08.06.2017

After announcing a decision on the interest rate the head of ECB makes comments on it and answers questions about the current economic situation in the EU. Comments of ECB head may lead to EUR volatility.

08.06.2017

Initial Jobless Claims are due at 14:30 (GMT+2). The value indicates the number of new jobless claims. The index is published every Thursday and shows the value of nonfarm payrolls indicator. Decreasing the amount of the claims influences the USA dollar in a positive way. Increased amount of claims, on...

08.06.2017

On the H4 chart the price reached its minimal level from last November at 0.9610 and attempts to correct to the level of 0.9725 (correction 23.6%). Stochastic is directed upwards, therefore this prospect is quite possible. Further growth may continue to the gathering of corrections 23.6% and 38.2% at 0.9790....

08.06.2017

The decision of ECB on the interest rate is due at 13:45 (GMT+2). The indicator is expected to remain unchanged on the level of 0%. ECB makes a decision on the interest rate based on the current economic situation and the level of inflation. The growth of the indicator strengthens...

08.06.2017

Within the previous week the stock of Starbucks reduced by 0.17%. S&P500 lost 0.27% within the same period.

08.06.2017

Over the last week shares of United Technologies Corp. fell by 1.24%. For the same period, the S&P500 Index fell by 0.27%.

08.06.2017

Oil quote started to fall after the release of the data from the US Department of Energy on the weekly changes in the national oil reserves.

08.06.2017

This week gold updated its 1-year maximum reflecting political risks and economic instability. 

08.06.2017

Despite the lack of important data and news from Japan this week, the yen continued to strengthen against the US dollar. The negative reaction after the Friday NFPR continues, because it can direct affect the Fed's interest rate decisions. As a result, the pair USD/JPY broke the key support level...

08.06.2017

The data on the EU GDP are due at 11:00 (GMT+2). The indicator is expected to remain unchanged on the level of 1.7% YoY in Q1. The indicator shows market value of all goods and services produced in the EU in a year. Higher results induce euro rate increase, and...

08.06.2017

Dow Jones continues to trade near historical maximums: 21223.2 or 8/8 Murrey. Breaking through and consolidation above this level will open it the way to 21250.4. 

08.06.2017

A price reduction is expected within the correction. Presumably, the upward trend continues to develop within the fifth wave of the higher level. Locally there is the development of the fifth wave v of 5 of the lower level, within which the first wave (i) is formed in the form...

08.06.2017

Price in correction. Presumably, the development of an upward impulse continues as a third wave 3. The impulse in the third wave of the lower level (iii) of iii was formed, and the development of the downward correction as the wave (iv) began. If the assumption is true, after the...

08.06.2017

The upward trend is in force. On the H4 chart, the development of the third higher-level wave iii of 3 continues. At the moment, it seems that the fifth wave (v) of the lower level is forming, within which the first and second waves of the lower level are formed....

08.06.2017

The pair is expected to decline. Presumably, the formation of an upward impulse within the c of 4 wave of the higher level was completed and the development of the fifth wave 5 began. At the moment, a lower-level input impulse (i) is generated, and an upward correction (ii) is...

08.06.2017

As a result of trading on Wednesday US dollar demonstrated mixed dynamic.

08.06.2017

Super Thursday! The day when everything hits the fan:  the ECB meeting, former FBI Director Comey’s testimony, and the UK General Election.

08.06.2017

The data on the US consumer price index are due at 09:15 (GMT+2). On a monthly basis the indicator is expected to drop to 0.1% in May from 0.2% a month earlier. On YoY basis the indicator is expected to make up 0.3% in May against 0.4% a month earlier....

08.06.2017

The data on the Australian trade balance are due at 03:30 (GMT+2). The indicator is expected to drop to $1,950 mln in April against $3,107 mln in the previous month. Trading balance shows the difference between export and import of goods and services in monetary terms. A positive result indicates...

07.06.2017

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

07.06.2017

In contrast to the relatively quiet day this morning, overnight there’s a lot going on in terms of data, with three countries announcing their trade data. 

07.06.2017

On the daily chart, the pair is trading in the lower Bollinger band. The price remains just above the EMA130 and SMA200 that are horizontal. The RSI is approaching its last month support near the border of the oversold zone. The Composite is falling as well. 

07.06.2017

On the four-hour chart the price entered the limits of the levels 20009.00 (correction 23.6%) and 19868.70 (correction 38.2%). These levels are seen as keys to further movement. In case of breakthrough of the level of 20009.00 and the middle line of the Bollinger bands located near it, the price...

07.06.2017

During the week Brent oil is trading within the range of 50.35 (Fibo correction 23.6%) and 49.00 with attempts to test its lower border. On Tueday the quotes grew in view of report on yet another reducion of US oil reserves by 4.62 mln barrels fixed in the weekly EIA...

07.06.2017

This trading week the dollar continued to decline against the Japanese currency due to the growth of investor interest in the yen and the release of weak statistics on key US indices. An additional catalyst for the pair's decline was favorable releases on the indices of leading and coincident indicators...

07.06.2017

The pound is under pressure on the eve of the parliamentary elections on Thursday. Yesterday, the pair grew against the backdrop of several opinion polls, in which the overwhelming majority voted for the victory of the ruling party.

07.06.2017

Due to the empty macroecnomic calendar market participants continued to act based on the negative labor market statistics and to sell the US currency. As a result the pair EUR/USD rose to the resistance level of 1.1284. 

07.06.2017

Over the past week, shares of PayPal grew by 4.58%. The S&P500 index for the same period fell by 0.26%.

07.06.2017

During the previous week the stock of Wal-Mart grew by 1.00%. S&P500 index dropped by 0.26% within the same period. 

07.06.2017

Silver, supported by permanent risks, political and economic, has been strengthening for the fifth consecutive week. Negative statistics of the US labor market last week, the drop in US consumer confidence indices at the beginning of this week, the terrorist attack in England over the weekend, the upcoming elections in...

07.06.2017

The New Zealand dollar showed the best results among commodity currencies last week. The indicator of the terms of trade of New Zealand last Thursday came out better than expected. Also higher than the forecast were business activity and confidence indexes in business circles. 

07.06.2017

As a result of Thursday trading US dollar decreased againt the majors.

07.06.2017

Correction is completed. The price reduction is expected. Presumably, the formation of the downward impulse as the first wave 1 of (C) continues. Locally, the correctional fourth wave iv of 1, which took the form of a triangle, is being completed. If the assumption is true, it is logical to...

07.06.2017

The probability of a fall remains. On the H4 chart a downward correction as the fourth higher-level wave is developing in the form of a zigzag. Locally, the wave (c) of iv develops, within the framework of which the fifth wave v of (c) is formed. The decrease may continue...

07.06.2017

The pair is expected to grow. On the H4 chart a downtrend within the third wave 3 of the higher level is developing. Locally the third wave of the lower level iii of 3 was completed. The pair may continue its corrective growth to the level of 0.9794. The level...

07.06.2017

The upward trend is still strong. Presumably, the third wave iii of 3 of the higher level is forming. A downward correction of the lower level (ii) of iii was completed, and the development of an upward impulse as a wave (iii) began. If the assumption is true, it is...

07.06.2017

The AUD was the standout currency, even though the Reserve Bank of Australia kept its stance unchanged, as expected. That’s because Q1 GDP beat expectations slightly (+1.7% yoy vs +1.6% expected). I personally think this is too big a move on too small a beat, and besides, the economy is...

07.06.2017

The data on the Australian Gross Domestic Product is due at 03:30 (GMT+2). The indicator is expected to drop to 1.5% YoY in Q1 from 2.4% in the previous period. In quarterly terms the indicator is expected to make 0.2% in Q1 against 1.1% in the previous quarter. The indicator...

06.06.2017

Overnight we get the Australian Q1 GDP data. I don’t know whether the Reserve Bank of Australia (RBA) had access to these figures when they decided yesterday to keep their bias unchanged at neutral, but in any event, today’s figure is forecast to support that decision. The market expects growth...

06.06.2017

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

06.06.2017

The European currency slowed its growth, but remains in an upward trend. The growth of the pair largely contributes to the drop in confidence in the US currency due to the negative fundamental releases, which do not allow the Fed to continue curtailing the stimulus program. 

06.06.2017

Ivey PMI 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.

06.06.2017

Gold prices continue to grow after certain correction during Monday trading. Today the quotes of the precious metal managed to reach the level of 1289.60. The increase of the price of gold last week was explained by weak data on US nonfarm payrolls. 

06.06.2017

The pair is growing for the fourth week and by now has reached a maximum value in the region of 0.7170. The US currency was seriously weakened by recent negative statistics: the number of new jobs fell to 138 thousand. 

06.06.2017

Since the opening of the European session FTSE has been trading in the red zone and losing about 0.10%. Currently the price is 7523.8, and the nearest support level lies at 7499.8 or 8/8 Murrey. In case of breaking through downwards the next target will be 7421.7 or 7/8 Murrey. 

06.06.2017

Over the past week, shares of Procter & Gamble rose by 1.71%. The S&P500 index for the same period decreased by 0.29%.

06.06.2017

During the last week the stock of Netflix grew by 1.62%. S&P500 index dropped by 0.29% within the same period.

06.06.2017

USD/CHF is still unable to move away from a long fall. Weak Friday statistics on the US labor market continues to put pressure on US dollar. The pair is trading around its 6-months minimums at 0.9620. After several attempts to test this mark the trading became less active, and the...

06.06.2017

Last week, good statistics were published in the UK: the index of business activity in the industrial sector achieved the best results in three years, the activity index in the construction sector was also higher than the forecast. 

06.06.2017

Like most commodity currencies, the Australian dollar almost all last week was falling against the US dollar due to the poor news background in Australia. On Friday, due to the fact that the data on the US labor market did not meet investors' expectations, the US dollar fell sharply, which...

06.06.2017

On the D1 chart the instrument broke through the middle line of Bollinger Bands and continued the movement to their lower border. The fall of the price is hindered by a strong support level of 47.15. MACD histogram is near the zero level, and its volume is minimal. Stochastic is...

06.06.2017

Price in correction. The H4 chart continues to form a downward correction as the fourth wave iv, which takes the form of a triangle. The wave (d) develops locally in the form of a zigzag. After the formation of the triangle is complete, it is logical to expect a resumption...

06.06.2017

The probability of a price increase remains. Presumably, the formation of a downward correction as the wave (ii) of iii, within which a zigzag abc was formed, was completed. The development of the downward impulse c of (ii) has ended, and the formation of the third wave (iii) has begun,...

06.06.2017

The probability of growth remains. On the four-hour chart, the upward trend is forming within the wave B. The development of a downward correction as the fourth wave (iv) was completed, and the formation of the fifth wave (v) began, within which the first lower-level wave i of (v) was...

06.06.2017

The decline continues. Presumably, the downward correction ii of C is developing, within which a zigzag (a) (b) (c) develops. Locally, the wave (c) is forming, within which a third wave of lower level iii of (c) develops. If the assumption is true, the decline of the pair will continue...

06.06.2017

US dollar showed mixed dynamics as a result of Monday trading.

06.06.2017

Although US bond yields rose on Monday, they were falling Tuesday morning and that was benefitting the yen. JPY yields are basically frozen because of the Bank of Japan’s “Yield Curve Control” policy. That means the monetary policy divergence theme is most readily seen in USD/JPY. Technicals plus yesterday’s weaker-than-expected...

06.06.2017

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

06.06.2017

The decision of RBA on interest rate is due 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. The growth of the indicator strengthens AUD, and if the rate remains...

05.06.2017

Today the American currency is strengthening against the majors.

05.06.2017

The main focus overnight will of course be on the Reserve Bank of Australia (RBA) policy meeting. A move in rates is out of the question; the market sees around an 80% chance of no change in rates at all this year, and virtually no chance of a hike. 

05.06.2017

The data on US production orders is due at 16:00 (GMT+2). The index shows changes in the volumes of orders in the production sector and allows one to assess the growth rate in the production sphere. The growth of the indicator leads to the increase of USD, and its falls...

05.06.2017

The yen is once again gaining investors’ interest amid a weakening demand for the dollar after ambiguous decisions by US President Donald Trump. An additional catalyst for the fall of the pair was a negative fundamental background for the US currency: at the end of May, weak data emerged on...

05.06.2017

USA Markit Services PMI is due at 15:45 (GMT+2). The index is built upon polls of managers working in services sector to estimate current economic situation in this sector and the prospects of its future development. Values above 50 are perceived as a positive signal and strengthen USD. Values below...

05.06.2017

Weak USD helped AUD to restore its positions after a massive sale caused by not so strong internal data from Australia. During today's trading the pair AUD/USD reached a maximum at 0.7486. 

05.06.2017

On the daily chart, the instrument is trading in the upper Bollinger band. The price remains just above its moving averages that are horizontal. The RSI is approaching the border of the overbought zone. The Composite is forming a divergence with the price and RSI, suggesting a decline possibility. 

05.06.2017

During the last week the stock of General Electric grew by1.42%. S&P500 went down by 0.11% within the same period.

05.06.2017

eBay expects its revenue to grow in Q2 and generally in 2017. As a result of Q2 the company plans 5-7% growth to $2.28-2.32 bln. In 2017 eBay expects its revenue to grow by 6% to $9.3-9.5 bln.

05.06.2017

On Friday the pair received good support after the release of weak data on the US labor market. In view of this it managed to increase to the resistance level of 0.7147 but failed to consolidate above it.

05.06.2017

The S&P 500 index is trading near its maximum at the level of 2437.3 or 8/8 Murray. Many traders believe that prices are overstated, and there is a high probability of correction in the stock market. Financial statistics in the US was also published not in favor of the US...

05.06.2017

The fall of oil prices after the May OPEC decision moved to the correction phase last Friday. 

05.06.2017

The Canadian dollar fell last week against the US dollar, despite the fact that the data on Canadian GDP came out much better than expected. Nevertheless, the significant fall in oil prices, which reached a three-week low last week, and the strengthening of the US dollar up until Friday weakened...

05.06.2017

The upward trend is in force. On the H4 chart an upward impulse is developing within the fifth wave 5 of the higher level. The third wave (iii) of iii of 5 is developing on the lower level, within which the third wave iii of (iii) was formed. The price...

05.06.2017

The upward trend is in force. Presumably, the upward momentum is forming within the third wave iii of 5. At the moment, the fifth wave of the lower level (v) of iii is developing, within which the price is expected to rise to the level of 165.00. The level of...

05.06.2017

As a result of the previous trading session US dollar dropped against the majors. USD was under pressure from unexpectedly weak data on the US labor market. The number of nonfarm payrolls made up 138K in May against the forecast of 185K. Salary growth rate remained the same on the...

05.06.2017

The pair is being corrected. The probability of decline remains. Presumably, the formation of an upward impulse within the c of 4 wave of the higher level was completed, and the development of the fifth wave 5 began. At the moment, a lower-level input impulse (i) is formed, and an...

05.06.2017

The upward trend is in force. On the H4 chart the development of the third higher-level wave iii of 3 continues. At the moment, it seems that the fifth wave (v) of the lower level is being formed. If the assumption is true, then the growth of the pair will...

05.06.2017

EU Markit Services PMI is due at 10:00 (GMT+2). The index shows economic conditions in services sector, and prospects for further development. Values above 50 are perceived as a positive signal and strengthens EUR. Values below 50 are perceived as a negative signal and call for decreasing EUR rate.

05.06.2017

As the week begins, the focus is solidly on the UK and Thursday’s general election. The terror attack in London over the weekend only further increases the uncertainty about the results of the election. There is no sign of the Conservative Party’s position stabilizing; on the contrary, their lead over...

05.06.2017

May TD Securities inflation data is due at 03:00 (GMT+2). The indicator is prepared by the University of Melbourne and assesses the level of inflation. The growth of the indicator may influence the decision of RBA to increase the interest rate. When the indicator grows it positively influences the rate...

02.06.2017

Today in the first half of the day US dollar strengthened against the majors in view of the upcoming report on nonfarm payrolls. However the surprising data of the report weakened the rate of the American currency. The indicator was much lower than expected and made up 138K against 185K....

02.06.2017

On the 4-hour chart the price is testing the upper border of the sideway channel 1273.70-1259.80 (corrections 0.0% and 23.6%), within which the price is trading for a week. The breakout of the 1273.70 will let the price to grow to April maxima to the area of 1292.00. In case...

02.06.2017

02.06.2017

02.06.2017

02.06.2017

Today the oil prices are lowering, keeping the downward trend after the OPEC Meeting in Vienna. Despite the poor attempts to correct the price, the investors don’t see a significant reason for the price to grow. 

02.06.2017

The Unemployment Rate publication is due at 14:30 (GMT+2) in the USA. The index is expected to stay on the same level of 4.4% in May. It is one of the key macroeconomic indicators. It represents the share of unemployment in the total labour force. A growth in the index...

02.06.2017

The Nonfarm Payrolls publication is due at 14:30 (GMT+2) in the USA. The index is expected to lower to 183K in April from 211K in the previous month. It is one of the main indicators of employment in the US. It represents the number of employed in non-agricultural sectors. Has...

02.06.2017

Yesterday the GBP/USD pair dynamic was mixed. The Parliament Elections is the UK will be held the next week. The morning growth of the GBP can be connected with the results of the recent opinion polls, which show the growing loyalty to the Conservative Party. In the second half of...

02.06.2017

During the previous week the stock of 3M Company grew by 3.47%. S&P500 went up by 0.87% within the same period.  

02.06.2017

During the previous week the stock of Alibaba Group grew by 0.94%. S&P500 went up by 0.87% within the same period. 

02.06.2017

The USD/CAD pair is growing due to the positive USA ADP Employment Change report and the lowering of oil prices. In a day the pair grew by 0.23% and now is trying to consolidate above the resistance level of 1.3533. 

02.06.2017

Thursday was volatile for the pair EUR/USD which was caused by yesterday’s releases and the news due today, in particular changes in nonfarm payrolls. 

02.06.2017

It’s expected to be down somewhat, albeit still in expansionary territory. Nonetheless it would probably be seen as yet another sign of the slowdown in the UK housing market. That’s a bad sign for the economy in general and for consumer demand in particular, because of the wealth effect. It...

02.06.2017

For the second week the pair is trading within the narrow flat, limited by the upper border of the blue channel D1, which has been determining the pair dynamics for more than a year, and the upper border of the lower black channel. 

02.06.2017

This week the pair NZD/USD updated its 3-months maximum.

02.06.2017

The PMI Construction is due at 10:30 (GMT+2) in the UK. The index is expected to lower to 52.7 points in May from 53.1 points in the previous month. The index evaluates the state of the construction sector. It is based on surveys of executives of the biggest construction companies...

02.06.2017

The correction is ending. The growth of the pair is expected. The downward correction as a wave ii of 3 of the highest level has formed. Locally the development the third wave iii of 3, within which the formation of the downward correction of the lower level (ii) is ending,...

02.06.2017

Yesterday in the trading session the US dollar strengthened against the main currencies due to support of the US statistics: ADP Employment Change was better than expected and showed the growth of the index by 253K in May against 174K in the previous month. ISM Manufacturing PMI grew to 54.9...

02.06.2017

The pair can lower. On the 4-hour chart the downward trend within the third wave 3 of the highest level is forming. Locally the third wave of the lower level iii of 3, within which the wave (v) of iii is forming, is developing. If the assumption is correct, the...

02.06.2017

The growth of the price is expected. 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 development the third wave (iii) of v has begun, is forming. If the assumption is...

02.06.2017

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

01.06.2017

Today the US dollar is growing against the main competitors. 

01.06.2017

On the 4-hour chart the German index DAX has formed a triangle figure with the lower border at 12564.0 and the upper one at 12697.5. In case of the breakout the next target will become the level of 12812.8 or 6/8 Murray.

01.06.2017

The New Zealand dollar is lowering during the trading session today.

01.06.2017

On the H4 chart the price dropped to the minimums from November 2016 to the level of 0.9670. Currently the pair is tryin to correct to the middle line of Bollinger Bands at 0.9735 (also the level of 76.4% correction for D1). If it its broken through upwards, the price...

01.06.2017

The rate of GBP/USD attempted to grow yesterday movin away from the support level of 1.2768 but met resistance at 1.2920. After downward correction to the level of the middle line of Bollinger Bands (1.2840) the rate, according to technical indicators, is ready to try the resistance level of 1.2920...

01.06.2017

During the last week Pfizer stocks grew by 1.59% against the lowering of S&P 500 index by 0.04%.

01.06.2017

During the previous week the stock of The Home Depot dropped by 0.85%. S&P500 index went down by 0.04% during the same period.

01.06.2017

Australian dollar has been falling against US dollar for two weeks in a row. The main issues for the Australian economy are weak data on the Australian construction market, slowdown of the Chinese economy, and the fall of prices for raw material (for instance, iron ore lost over 30% in...

01.06.2017

This week silver renewed its 5 weeks maximum.

01.06.2017

Markit Manufacturing PMI is due at 10:30 (GMT+2) in the UK. The index is expected to lower to 56.5 points in May from 57.3 points in the previous month. The index reflects economic situation in the manufacturing sector and its prospects. A result above 50 point represents favorable state of...

01.06.2017

Yesterday the pair EUR/USD strengthened in view of weak data on uncompleted transactions in the US housing market. According to the National Association of Realtors, the reason for the fall of the indicator by 1.3% (against the expected growth by 0.5%) was limited supply. 

01.06.2017

On the daily chart the instrument was corrected to the middle line of Bollinger Bands after the fail attempt to consolidate below the support level of 48.00. MACD histogram is around zero line, its volumes are minimal, and the signal line crosses the zero line upwards, giving a signal to...

01.06.2017

The price is growing. The development the downward correction as a fourth wave of the lower level iv of 5, within which the zigzag (a)(b)(c) has formed, has ended. Locally the fifth wave v of 5, within which the first wave of the lower level (i) is forming as a...

01.06.2017

The price can grow. The upward momentum as a third wave 3 of the highest level is developing. Locally the third wave of the lower level (iii) of iii is forming. If the assumption is correct, the price will grow to the level of 154.00-160.00. The level of 146.54 is...

01.06.2017

The pair can grow. On the 4-hour chart the upward trend within the wave c of B of the highest level is forming. Locally the downward correction as a fourth wave (iv) has developed, and the formation of the fifth wave (v), within which the first wave of the lower...

01.06.2017

The pair can lower. The downward correction ii of C, within which the zigzag (a)(b)(c) is developing, is forming. Locally the wave (с), within which the first wave of the lower level i of (c) has formed, is developing. If the assumption is correct, the pair will lower to the...

01.06.2017

On Wednesday the US dollar dynamics was mixed.

01.06.2017

There’s a lot going on in Brussels today. An EU-China summit may have something to say about trade. Meanwhile, elsewhere in the city, there’s the European Commission’s annual Brussels Economic Forum, featuring speeches by a number of EU and ECB officials throughout the day. I would expect all the ECB...
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