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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Feb 2017

24.02.2017

The data on new home sales is due on 17:00 (GMT+2). It is forecasted that the indicator will rise to 6.3% in January compared to -10.4% a month earlier. This is a very important indicator in terms of US real estate market. Its growth shows that the overall state of...

24.02.2017

Today US dollar was traded in different directions against its competitors.

24.02.2017

The US currency is losing ground against the yen and is committed to strong support at 111.75. The main catalyst for the rapid fall of the dollar was negative stats on the US labor market. 

24.02.2017

During the last week the Alphabet Inc. stocks grew by 1.51% against the growth of the S&P 500 index by 0.52%. 

24.02.2017

Consumer Price Index is due at 15:30 (GMT+2). It is forecasted that on monthly basis, the indicator will rise to 0.3% in January from -0.2% a month earlier. The indicator shows the changes in price of the basic basket of goods. High values of the indicator can lead to the...

24.02.2017

The 3M Company stocks are growing due to the anticipation of the dividend payments. The company reported the 6% dividend growth to $ 1.175 against $ 1.11 in the corresponding quarter last year. The dividend profitability will be 2.6%.

24.02.2017

The development of the downward correction is possible. On the 4-hour chart the price is testing the level of 54.12 (correction 23.6%, the middle line of the Bollinger Bands), but cannot consolidate below it. In case of the consolidation the price can lower to the level of 53.63 (correction 23.6%)...

24.02.2017

The reversal and the beginning of the upward correction are possible. On the 4-hour chart the price stays within the downward trend, but is trying to be corrected to the level of 3.8570 (correction 23.6%). However the capacity of the downward trend in not exhausted, and is the price is...

24.02.2017

Today, during the Asian session, the US dollar was losing ground to almost all major competitors. Yesterday, the strengthening of the US currency was supported by the comments of Robert Kaplan, who this year is a voting member of the FOMC, and US Treasury Secretary Steven Mnuchin. 

24.02.2017

Yesterday the XAU/USD pair rose to a level of 1250.85, updating 4-month maximum, due to the release of weak US unemployment data. The number of initial claims month increased from 238K to 244K. The negative statistics on the labor market significantly reduces the likelihood of interest rate hike at the...

24.02.2017

During the trading session on Thursday the CHF grew against the USD. Initially the USD has grown sue to the lowering of the industrial production in Switzerland, but then rapidly fallen after the weak employment sector data publication from the USD: the Initial Jobless Claims volume exceeded the expectations and...

24.02.2017

Yesterday the pair was lowering from the level of 1.3200 after testing it. The pair couldn’t cross the level sue to the negative Retail Sales data from Canada and the USA employment market data, which were worse than in the previous report period. As a result of the lowering of...

24.02.2017

This week the pair was growing due to the weakening of the USD and the publication of the positive for AUD data from Australia, such as employment and building statistics.

24.02.2017

The trend is upward. The upward momentum within the third wave iii of 3 is forming. Locally the fifth wave (v) of iii is developing. If the assumption is correct, the price will grow to the level of 180.00-183.00. The level of 170.30 is critical for this scenario.

24.02.2017

The trend is upward. The upward momentum as a third wave iii of 3 is forming. Locally the fifth wave (v) of iii is developing. If the assumption is correct, the price will grow to the level of 82.50. The level of 78.93 is critical for this scenario.

24.02.2017

The pair can lower. The upward correction as a wave 4 of the highest level is forming. Locally the wave b of as a flat, within which the formation of the wave (b) is ending, is developing. If the assumption is correct, the pair will lower to the level of...

24.02.2017

The trend is downward. The fifth wave 5 of the highest level, within which the development the third wave iii of 5 has begun, is forming. Locally the entering momentum (i) has formed and the correction (ii) is ending. If the assumption is correct, the pair will lower to the...

24.02.2017

RBA Deputy Governor Lowe Speech is due at 00:30 (GMT+2). His comments on the current economic situation in Australia may lead to growing volatility of AUD.

23.02.2017

The US dollar declines against major rivals after the publication of data on initial applications for unemployment benefits. According to published data, the indicator was worse than expected and rose to 244K against 238K for the previous week.

23.02.2017

In yesterday's trading the pair USD/CHF failed to consolidate above the level of 1.0125, however the pair keeps moving inside the rising channel.

23.02.2017

For the last week, company’s share price showed a 1.7% growth. For the same period, the S&P 500 rose by 0.5%.

23.02.2017

Last week the shares of HP Inc. increased by 0.87%. The S&P500 for the same period increased by 0.50%.

23.02.2017

The weekly data on Initial Jobless Claims in the USA is due at 15:30 (GMT+2). It is forecasted that the previous week indicator will grow from 239K to 241K. This indicator shows the amount of new initial jobless claims, is published weekly on Thursdays, and gives a perspective of the...

23.02.2017

The AUD/USD pair recovered its losses of the beginning of the Asian session having reached a strong resistance level at 0.7700.

23.02.2017

Yesterday's FOMC meeting minutes demonstrated hawkish mood of the regulator concerning interest rates and willingness to rise the rates at the March meetings, nevertheless failing to support the US dollar.  

23.02.2017

On the daily chart, the pair is trading in the lower Bollinger band. The price remains just above its moving averages that are directed up. The RSI turned up in the Bullish zone above the 40 mark. The Composite is about to test its longer MA having formed a divergence...

23.02.2017

The price of gold rose by 0.11% yesterday and continued moving along a sideways channel of 1231.06-1240.46. Positive commentaries contained in the FOMC Minutes that came out yesterday and according to which the regulator is ready to proceed with the next interest rate hike as soon as the March meeting,...

23.02.2017

The latest macroeconomic data from the UK showed some mixed signals. Despite yearly GDP growth forecast for 2016 was revised down from 2.0% to 1.8%, economists point out that it was largely attributed to lower North Sea oil production in the first half of 2016. The manufacturing and service sectors,...

23.02.2017

Yesterday the price of silver continued trading in flat. However, the recent two-month growth in the instrument suggests that silver restored its investment attractiveness and that the price is likely to continue growing.

23.02.2017

Yesterday's US Federal Reserve meeting minutes showed the "hawkish" attitude of the regulator in relation to interest rates but failed to provide substantial support to the US dollar.

23.02.2017

After a growth in the price of Brent crude oil to a key resistance level of 57.20 amid commentaries by OPEC Secretary General Mohhamed Barkindo about the accomplishment in the nearest future of the plan on production cut coming close to 90%, yesterday the instrument fell again. 

23.02.2017

Upward trend is strong. Assumingly, an upward impulse in the third wave iii in the fifth wave 5 of the higher level is about to finish. Locally, the fifth wave of the lower level (v) of iii seems to have formed and there is a possibly of a downward correction...

23.02.2017

Upward tendency remains. Assumingly, the third wave 3 of the higher level in the ascending trend continues forming. Locally, the third wave of the lower level (iii) of i of 3 seems to be developing and if the assumption is correct, the pair is expected to grow to the level...

23.02.2017

Pair’s fall is expected. Assumingly, wave (C) of the higher level continues forming. Locally, the third wave seems to have started, within which a starting impulse (i) of iii and correction (ii) of iii have formed. If the assumption is correct, the pair is expected to continue falling towards the...

23.02.2017

Downward trend is strong. Assumingly, wave C of the higher level in the downward trend continues forming. Locally, the third wave iii of C seems to be forming, within which an upward correction (ii) has finished. If the assumption is correct, the pair is expected to continue falling in wave...

23.02.2017

The data on Gross Domestic Product in Germany is due at 09:00 (GMT+2). It is expected that in Q4, the indicator will remain unchanged at the level of 0.4%. The indicator shows market value of all final goods and services produced in Germany in a year. Higher results induce euro...

22.02.2017

The FOMC Minutes are due at 9:00 pm (GMT+2). The committee gives their opinion on current economic conditions in the US and decides on the direction of monetary policy. 

22.02.2017

The market is still under the influence of expectations of interest rate hike in the United States. Today the US currency strengthened against its major rivals prior to the publication of the Fed’s meeting minutes. Investors expect confirmation of "hawkish" attitude and hints on the timing of rate hikes.

22.02.2017

Yesterday, the price of Brent crude oil hit the 7-week highs. The optimistic forecast about fulfilling the OPEC's plan on cutting oil extraction provoked the growth of UKBrent price to the level of 57.32. 

22.02.2017

The pair continues its fall that started last Friday having reached its key support level at 1.0500.

22.02.2017

Upward correction possibility. On the 4-hour chart, the price remains in an upward trend. At present, it is trading near the level of 3.6075 and there is a potential for further fall (Stochastic is directed down). Otherwise, an upward correction is possible towards the levels of 3.6790 (23.6% correction, in...

22.02.2017

The USD/JPY pair was growing during the trade session on Tuesday. This was caused by hawkish comments of some FRS officials. US stocks were growing too, which influenced dollar rate positively, putting pressure on the yen. 

22.02.2017

Data on Retail Sales for December 2016 is due at 3:30 pm (GMT+2). On a month-to-month basis, the index will fall from 0.2% to 0.1%. Represents the change in the volume of retail sales. A growth in the index is positive for the national economy and strengthens the CAD. A...

22.02.2017

The USD/CAD pair continues trading in an ascending channel despite recent growth in oil prices.

22.02.2017

Last week Cisco shares rose by 6.76%. The S&P500 for the same period increased by 0.62%.

22.02.2017

On the daily chart, the instrument is trading in the upper Bollinger band. The price remains above the EMA14, EMA65 and EMA130, but below the SMA200 that are horizontal. The RSI is testing its longer MA, representing Bearish dynamics. The Composite is testing its most recent support. 

22.02.2017

Data on the Consumer Price Index for January is due at 12:00 pm (GMT+2). On a year-to-year basis, the index is expected to remain unchanged at 1.8%. Over the month, it is expected to fall from 0.5% to -0.8%. The index is the key indicator of inflation in the eurozone....

22.02.2017

At the end of yesterday's trading session, the US dollar managed to strengthen against major currencies except for the British pound.  

22.02.2017

Data on the Gross Domestic Product for the 4 quarter of 2016 is due at 11:30 am (GMT+2). On a year-to-year basis, the index is expected to remain unchanged at 2.2%. On a quarter-to-quarter basis, the index will remain at 0.6%. 

22.02.2017

Yesterday the Pound was under a substantial pressure amid BOE Governor Carney speech and quarterly Inflation Report Hearings. After the decision by the UK to leave the EU, inflation growth and a fall in wages became a problem for the British government and for the financial regulator. However, after a...

22.02.2017

Yesterday, an important for the economy of New Zealand GDT Price index was released by the dairy auction Global Dairy Trade. The index showed fall in dairy product prices compared to the previous period that, together with a strengthening in the US Dollar, dropped the pair below a critical support...

22.02.2017

Upward trend is strong. Assumingly, an upward impulse in the third wave iii of 3 of the higher level continues forming. Locally, the third wave of the lower level (iii) of iii seems to be developing and if the assumption is correct, the price is expected to continue growing towards...

22.02.2017

Upward trend is strong. Assumingly, an upward impulse in the third wave iii of 5 of the higher level continues forming. Locally, the fifth wave (v) of iii of 5 of the lower level seems to be developing and if the assumption is correct, the price will continue growing towards...

22.02.2017

Growth possibility remains. Assumingly, the third wave 3 of the higher level continues forming. Locally, a starting impulse of the lower level (i) of iii of 3 seems to be developing and if the assumption is correct, the pair is expected to continue growing towards the level of 1.0221 and...

22.02.2017

Pair’s fall is expected. Assumingly, the first wave i of 3 has finished. Locally, a downward correction ii of 3 seems to have started, within which wave (a) is developing. If the assumption is correct, pair’s fall will continue towards the level of 0.7508. Critical for this scenario is the...

21.02.2017

Today, the US dollar strengthened against most competitors, the reason for that was the speech of Philadelphia Fed’s Patrick Harker. 

21.02.2017

The Markit Services PMI is due at 16:45 (GMT+2) in the USA. The index is expected to grow to 55.7 points in February from 55.6 in the previous month. The index is based on surveys of executives of the companies operating in the services sector regarding their opinion on current...

21.02.2017

After the collision with the strong resistance level, the pair reversed and consolidated within the downtrend. The main catalyst for the trend change were recent statements of the Head of US Federal Reserve regarding a possible rise of interest rates in the near future. 

21.02.2017

During today’s trading session, the price of Brent crude oil significantly rose and reached the level of 57.20. Oil prices continue strengthening amid information that the agreement between the OPEC countries and other large producers is followed by. 

21.02.2017

For the development of “wireless telephony” Verizon bought the private company Skyward, manufacturer of drones. Developments of Skyward would allow Verizon to diversify the portfolio of assets in relation of the "Internet of Things" segment. According to research, market capacity of "Internet of things" by the end of 2018 will...

21.02.2017

For last week Exxon Mobil shares fell 1.34%. The S & P500 for the same period increased by 0.62%.

21.02.2017

A small downward correction to 1.0030 is possible. On the H4 chart, the price is going above 1.0083 and is ready to test the 50% line of the descending correctional fan at the level of 1.0100. But more important for the "bulls" is the range of 1.0120-1.0135 (cluster of corrections: ...

21.02.2017

Today before the market opening, Wal-Mart will report its financial results for the 4 quarter of 2016. Analysts expect its quarter EPS of $1.29, a fall from $1.49 in the 4 quarter of 2015. However, company’s EPS exceeded expectations for the last 5 quarters.

21.02.2017

From the beginning of the current week, gold is trading within a narrow range/channel. Stillness at the market is caused by Presidents' Day celebrated in the USA. Currently, investors' primary focus is on statements of the FOMC’s Patrick Harker and John Williams, which are due today in the afternoon. 

21.02.2017

Last day was quiet for the AUD/USD pair. The US market was closed due to the Presidents’ Day celebration that resulted in low volatility. A publication of the RBA Meeting Minutes weakened the AUD because general dovish mood of the members of the committee as well as low expectations about...

21.02.2017

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 longer MA having bounced of the border of the overbought zone. The Composite is falling having formed a divergence...

21.02.2017

Due to holidays in the USA and Canada, the activity of USD/CAD pair was at its minimum. The pair was trading in a range of 20 points.

21.02.2017

The Public Sector Net Borrowing data are sue at 11:30 (GMT+2) in the UK. The index represents the government debt. Positive values indicate a budget deficit and weaken the GBP. Negative values denote a budget surplus and strengthen the GBP. 

21.02.2017

Yesterday the pair slightly grew amid closed markets in the US and a publication of weak data on the Trade Balance in Japan. However, Yen’s fall of only 40 points amid a substantial mismatch between the forecasts and the actual readings looked insignificant. Thus, we can assume that the market...

21.02.2017

The Markit Services PMI is due at 11:00 (GMT+2) in the European Union. The index is expected to grow to 53.8 points in February from 53.7 in the previous month. The index represents current economic conditions in the sector and its future prospects. A reading above 50 is perceived positive...

21.02.2017

After yesterday’s trading session, major currency pairs changed insignificantly. Due to a public holiday in the US because of the Presidents’ Day celebration, market volatility remained low. 

21.02.2017

Correction continues. Assumingly, an upward impulse in the third wave iii of 5 of the higher level has formed. Locally, a downward correction in the fourth wave iv of 5 seems to have started, within which wave (a) has finished and an upward correction in wave (b) is developing. If...

21.02.2017

Correction continues. Fall possibility remains. Assumingly, an upward impulse in the first wave (i) in the third wave of the higher level has formed. Locally, a downward correction in wave (ii) seems to be forming, within which wave c of (ii) is developing. If the assumption is correct, the price...

21.02.2017

Fall possibility remains. Assumingly, an upward correction in wave 4 of the higher level continues forming. Locally, wave a of 4 shaped as an impulse seems to have finished and a correction in wave b of 4 is currently developing. If the assumption is correct, the pair is expected to...

21.02.2017

Downward trend is strong. Assumingly, the fifth wave 5 of the higher level continues forming. Locally, a downward impulse in the first wave i of 5 seems to have formed and an upward correction ii of 5 has finished. If the assumption is correct, the pair is expected to continue...

21.02.2017

The RBA Meeting's Minutes is due to 02:30 (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. 

20.02.2017

For the last two trading weeks, the British currency against the Dollar has been trading in a narrow descending channel amid a strengthening in the US Dollar that was supported by commentaries from Fed Chair about regulator’s intention to continue with monetary policy tightening. In addition, the American currency was...

20.02.2017

Today, the US market is mainly calm. There are no significant economic statistics and it’s a public holiday in the United States. US dollar against the euro was trading within the range of 1.0600-1.0630, with the yen in a range of 112.80-113.25, with the Australian dollar in the range of...

20.02.2017

At 17:00 (GMT+2), data on the level of consumer confidence in the Eurozone. It is expected that the rate will remain unchanged at -4.9 points. This indicator reflects the confidence of consumers in the current economic situation. Higher values ​​are considered to be a positive signal and support the exchange...

20.02.2017

A downward correction is quite possible. On the four-hour chart the price is unsuccessfully trying to reach the level of 17.75 (23.6% correction). The upward trend is still strong, and in case of breakdown of the February highs around 18.09 (correction of 0.0%) the pair may go further up.

20.02.2017

Today during the trading session the oil price has reached the level of 56.50. From the end of the last year the oil is trading in the sideway channel around the level of 55.00. There are a few factors to keep the price balanced.

20.02.2017

On the daily chart, the pair is falling along the lower line of Bollinger Bands. The price remains above the EMA65, EMA130 and SMA200 that start turning sideways. The RSI is testing its most recent support, and thus may be forming a “double bottom” reverse formation. The Composite begins diverging...

20.02.2017

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 falling having failed its longer MA. The Composite is testing its longer MA. 

20.02.2017

The price of gold continues growing since the middle of December amid political and economic uncertainty in a number of leading countries and first of all in the United States where there is still lack of clarity regarding further actions of the new administration. In these conditions, the attractiveness of...

20.02.2017

At the end of Friday's trading session, the US dollar, despite the lack of macroeconomic releases, managed to strengthen against all major counterparts except the yen.

20.02.2017

Last week the pair was in the narrow consolidation range about 60-70 points width and was testing the strong level of 0.7170 (the crossing of Fibonacci nets of different periods and the reaction of the price of many years).

20.02.2017

Upward trend is strong. Assumingly, the fifth wave 5 of the higher level in an upward trend continues developing. Locally, the third wave iii of 5 seems to be forming, within which an extension in the third wave of the lower level (iii) is developing. If the assumption is correct,...

20.02.2017

Price is in correction. Assumingly, the fifth wave 5 in an upward trend continues developing. Locally, the third wave of the lower level iii of 5 seems to have finished and a downward correction in wave iv of 5 continues forming. If the assumption is correct, after it ends the...

20.02.2017

Fall possibility remains. Assumingly, wave (C) of the higher level continues forming. Locally, an upward correction in the second wave seems to have finished and a starting impulse (i) of iii has formed. If the assumption is correct, after correction (ii) ends the pair is expected to continue falling towards...

20.02.2017

Downward trend is strong. Assumingly, wave C of the higher level in the downward trend continues forming. Locally, the third wave iii of C seems to be developing, within which an upward correction (ii) has finished and the first wave i of (iii) has formed. If the assumption is correct,...

20.02.2017

At 09:00 (GMT+2) producer price index will be published in Germany. It is predicted that the rate will fall to 0.2% in January from 0.4% a month earlier. The index tracks the performance of commodity prices in wholesale scale. The growth of index, in general, strengthen EUR, the decrease weakens...

17.02.2017

The Baker Hughes US Oil Rig Count is due at 20:00 (GMT+2) in the USA. The growth of the number can press the oil prices, and the lowering of the number can support it.

17.02.2017

For more than a month, the price of oil has been trading in a narrow sideways channel amid ambiguous situation in the US economy and on the oil market.

17.02.2017

Today, the US dollar strengthened against euro and pound, and weakened against the yen.

17.02.2017

Gold has been rising for the four days in a row, and reached an important level of 1243.00. The pair XAU/USD rises due to the weakening of dollar. The US currency has again become a victim of the political uncertainty surrounding the administration of the new US president.

17.02.2017

The segment of “Parks and Resorts" of The Walt Disney Company is one of the key assets of the company's portfolio with a share of about 30% of the appraised value. In the last reporting quarter, the amount of visitors of Disney’s amusement parks fell by 5% YoY. 

17.02.2017

Fall continuation possibility. On the 4-hour chart, the price broke down the level of 113.25 (23.6% correction), which opens up the way towards 111.70. As Stochastic remains near the oversold zone, there is a chance of an upward correction, but it is unlikely to be significant. Most likely, the price...

17.02.2017

In January, United Technologies Corp. published financial results for the 4 quarter of 2016 that exceeded expectations on earning, as well as confirmed its 2017 forecasts. EPS amounted to $1.56 that matched expectations of analysts. Fourth quarter revenues were $14.659 billion against the previous year result of $14.652 and beating...

17.02.2017

The pair showed growth during Thursday’s trade despite a publication of strong statistics in the US. The Philadelphia Fed Manufacturing Survey came out at 43.3 points, significantly exceeding forecasts. 

17.02.2017

On the daily chart the pair is testing the resistance level of 18.10. The indicator "Bollinger Bands" is pointing up, while the price range is expanding, indicating a continuation of the current trend. Histogram of MACD is in the positive zone, its volumes are growing, keeping the buy signal. Stochastic...

17.02.2017

On the daily chart, the pair is trading in the lower Bollinger band. The price remains just above the EMA65, EMA130 and SMA200 that are horizontal. The RSI turned down having failed its longer MA. The Composite, however, is growing.

17.02.2017

The Retail Sales data are due at 11:30 (GMT+2) in the UK. The MoM index is expected to grow to 1.0% in January from - 1.9% in the previous months. The YoY index is expected to lower to 3.5% in January from 4.3% in the previous month. The index represents...

17.02.2017

Yesterday the American Dollar continued falling against most of the major currencies amid a correction in the price and even positive statistics from the US could not support the currency. Initial Jobless Claims for the week shrank to 239 thousands against the expectations of 245 thousand claims. Housing Starts rose...

17.02.2017

Yesterday, despite a publication of strong data on Building Permits and Philadelphia Fed Manufacturing Survey, the US Dollar was falling all day. At the same time, having tested its resistance level at 1.2510 the GBP/USD pair was also in a downward trend. Traders probably considered weak the forecasts for today’s...

17.02.2017

This week there were almost no important macroeconomic publications from Canada. Secondary data on Manufacturing Shipment that came out on Wednesday with a reading substantially above expectations, together with the falling Dollar in two day weakened the pair by 100 points.

17.02.2017

Upward trend is strong. Assumingly, an upward impulse in the third wave iii of 3 continues forming. Locally, the fifth wave (v) of iii seems to be developing and if the assumption is correct, the price is expected to continue growing towards the levels of 177.00, 180.00. Critical for this...

17.02.2017

Upward trend is strong. Assumingly, an upward impulse in the third wave iii of 3 continues forming. Locally, the fifth wave (v) of iii seems to be developing and if the assumption is correct, the price is expected to continue growing towards the level of 82.50. Critical for this scenario...

17.02.2017

Pair’s growth is expected. Assumingly, a downward correction in wave 2 has finished. Locally, the first wave i in the third wave 3 seems to have formed and a downward correction ii that reached 61.8% Fibonacci correction is about to end. If the assumption is correct, the pair is expected...

17.02.2017

Upward trend is strong. Assumingly, an upward trend continues developing. Locally, the third wave (iii) seems to be forming, within which a correction of the lower level ii has finished. If the assumption is correct, pair’s growth will continue in the third wave iii towards the levels of 0.7770, 0.7815....

16.02.2017

Today, the US dollar is losing ground against its major rivals. The reason for this remains the negative statistics on US industrial production in January. Despite the expectations of growth, the indicator decreased by 0.3%. Strong inflation data (2.5% increase in the consumer price index) were expected, so were not...

16.02.2017

On February, 15, during the trading session the Pfizer stocks grew by 2.32%. The growth driver was Trump’s meeting with the largest country retailers and the commentaries upon the improvement of the business climate in the country and the lowering of tax load on business.

16.02.2017

The USD/JPY pair was trading in an ascending channel, but due to the negative data on industrial production in the US dollar has dropped down. Today, the pair is still falling and any negative US stat will sharply affect the dollar exchange rate.

16.02.2017

The Continuing Jobless Claims index is due at 15:30 (GMT+2) in the USA. The index is expected to grow to 245K WoW from 234K in the previous week. The index refers to the number of unemployed receiving unemployment benefits and is published weekly on Tuesdays. It predicts the nonfarm payrolls...

16.02.2017

The pair today continued to decline and reached the level of 1.3030, which has already been tested on Tuesday. Driver of the decline were weak January data on industrial production in the US: instead of small increase the indicator decreased by 0.3%.

16.02.2017

On Wednesday, February, 15, Trian Fund Management purchased a large shareholding of Procter & Gamble worth $3 billion, increasing its part in the company to $3.5 billion. The Procter & Gamble stocks grew by 3.7% due the growth of the demand during the yesterday trading session. The investment fund relied...

16.02.2017

The ECB Monetary Policy Meeting Accounts is due at 14:30 (GMT+2). Account of the monetary policy meeting contains an overview of the current economic situation, commentaries on the recent monetary policy decisions and macroeconomic forecasts. 

16.02.2017

Despite the report of US Energy Information Administration, which showed an increase in crude oil stocks by 9.527 million barrels in a week, oil prices have failed to go beyond the narrow range of 55.73-56.42. 

16.02.2017

On the daily chart, the instrument is trading just below the upper line of Bollinger Bands. The price remains above its moving averages that are directed up. The RSI is trying to turn down while testing its longer MA. The Composite is trying to turn down as well having developed...

16.02.2017

During the trading session on Wednesday the pair was growing against the mixed USA data, which affected the USD and increased the volatility in the market. The USD was also affected by the FRS Head Janet Yellen’s Speech, as she repeated the intention to increase the interest rate this year.

16.02.2017

Yesterday, gold was strengthened after the speech by Janet Yellen. In her speech, the head of the American regulator stressed that the next tightening of monetary policy depends directly on the statistics of labor market and real estate, as well as on the growth rate of inflation in the United...

16.02.2017

At the end of yesterday's trading session, the US dollar fell against major currencies, except the British pound, despite the positive macroeconomic statistics from the US. 

16.02.2017

Yesterday, despite obvious intension by the Fed officials and Presidents of the Federal Reserve Banks to continue with an interest rate hike, since the beginning of the American trading session the Dollar was falling. The price of silver, in its turn, rose and tested the level of 18.00.

16.02.2017

As most of the dollar pairs, the NZD/USD pair grew against the USD, which was lowering despite the positive USA FRS Head Yellen’s and the Heads of three Federal Reserve banks Jeffrey Lacker’s, Dennis Lockhart’s and Robert Kaplan’s commentaries.

16.02.2017

Correctional fall is expected. Assumingly, an upward impulse in the third wave iii within the fifth wave 5 of the higher level has finished. Locally, a price reverse seems to be forming and if the assumption is correct, the instrument is expected to fall to the levels of 69.85, 68.14....

16.02.2017

Upward trend is strong. Assumingly, the third wave 3 of the higher level in the upward trend continues forming. Locally, the third wave of the lower level (iii) of i of 3 seems to be developing and if the assumption is correct, the price is expected to grow to the...

16.02.2017

Fall possibility remains. Assumingly, the fifth wave 5 of the higher level continues forming. Locally, an upward correction in wave ii of 5 seems to have finished and the third wave iii of 5 has started, within which the third wave (iii) of the lower level is developing. If the...

16.02.2017

Upward correction development. Assumingly, the fifth wave 5 of the higher level continues forming. Locally, a downward impulse in the first wave i of 5 seems to have finished and an upward correction ii of 5 has started. If the assumption is correct, the pair is expected to grow to...

16.02.2017

The January Unemployment Rate s.a. is due at 02:30 (GMT+2) in Australia. The index is expected to stay on the same level of 5.8%. The data on unemployment rate represents a percentage of the total labor force that is currently unemployed. A growth in the indicator is considered a negative...

15.02.2017

Today, the Dollar is strengthening against all of its rivals: against the Euro by 0.25%, the British Pound by 0.36% and the Japanese Yen by 0.31%. The market continues trading yesterday’s speech by Fed Chair Janet Yellen that in current conditions of labour market recovery and inflation approaching its 2%...

15.02.2017

The AUD is trading in the upward channel against the USD. Despite the significant growth of the demand on the USD, the pair AUD/USD is still in the sideway consolidated channel, while the USD is growing against the other currencies.

15.02.2017

The Fed's Yellen Speech is due at 17:00 (GMT+2) in the USA. Janet Yellen is the Chair of the Fed since 2014. The commentaries can lead to the growth of the volatility in the market.

15.02.2017

On Tuesday gold was traded in different directions. In the morning the price grew to the level of 1233.70 in anticipation of the FRS Head Janet Yellen’s speech to be soft, but the result didn’t meet the expectations. 

15.02.2017

During today’s trading session, the GBP/USD pair fell to a strong support level at 1.2430. The Pound remains under pressure after the publication of weak data on the Consumer Price Index that on a month-to-month basis rose by only 1.8%, instead of a 1.9% expected increase.

15.02.2017

The Industrial Production data are sue at 16:15 (GMT+2) in the USA. The index is expected to lower to 0.1% MoM in January from 0.8% in the previous month.

15.02.2017

3M Company is a dividend aristocracy of the American stock market, one of the few companies that keeps showing a dividend payment increase every year during a long time. The company announced a dividend payout of $1.175 per share, which is 6% higher than in the previous period. 

15.02.2017

The downward correction can begin. On the 4-hour chart the price is testing the level of 1.0083 (correction 50.0% for the short time trend) and in case of consolidation above it can grow to 1.0120-1.0135 (correction cluster 61.8%, 23.6%, the downward fan line 50.0%). However the possibility of the correction...

15.02.2017

The Retail Sales data are due at 15:30 (GMT+2) in the USA. The index is expected to lower to 0.1% in January from 0.6% in the previous month. The value indicates consumer spending. It represents the change in the volume of retail sales. A growth in the index is the...

15.02.2017

The January Consumer Price Index is due at 15:30 (GMT+2) in the USA. The index is expected to grow to 2.4% YoY in January from 2.1% in the previous month. The MoM value is expected to stay on the same level of 0.3%. The index is the key indicator of...

15.02.2017

On the daily chart, the instrument is growing along the upper line of Bollinger Bands. The price remains above its moving averages that start turning up. The RSI turned down having bounced off the border of the overbought zone. The Composite has formed a divergence with the price suggesting a...

15.02.2017

DuPont and Chemours Co., which divided from the mother company DuPont on summer, 2015, agreed to pay by $335 million each to compensate the lawsuits related to toxic chemicals emission in the North Virginia 10 years ago. The company was a defendant, accused of spoiling the drinking water in more...

15.02.2017

On the daily chart, the pair is trading in the lower Bollinger band. The price remains just above the EMA65, EMA130 and SMA200 that are horizontal. The RSI is falling having broken down its longer MA. The Composite is approaching its last month support. 

15.02.2017

Euro’s fall against the US Dollar that was happening since last week got a new impulse after the European Commission released its growth forecast on Monday. Despite being quite positive about the eurozone perspectives, the report highlighted a number of problems and uncertainties, such as GDP growth below expectations, upcoming...

15.02.2017

Yesterday the oil price slightly lowered. The OPEC countries confirmed the implication of the oil production limitation in January, which pressed the oil prices. In addition, the USD strengthened due to the FRS Head Janet Yellen, who noted the possibility of the interest rate rise in March. Technically the price...

15.02.2017

The December Trade Balance data are due at 12:00 (GMT+2) in the EU. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and strengthen the EUR. Negative values indicate the balance deficit and weaken the EUR.

15.02.2017

Upon the yesterday trading session, the US Dollar strengthened against its major rivals EUR, GBP and JPY. The Dollar was supported by a statement by US Fed Chair that the regulator is not going to delay further rate increases. Thus, the rate could be hiked at one of the upcoming...

15.02.2017

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

15.02.2017

The trend is upward. On the 4-hour chart upward momentum within the third wave of the highest level iii of 3 is developing. Locally the third wave of the lower level (iii) of iii is developing. If the assumption is correct, the price will grow to the level of 185.95....

15.02.2017

The trend is downward. The downward trend within the wave С of the highest level is forming. Locally the third wave iii of C, within which the upward correction (ii) has ended and = the first wave of the lower level i of (iii) has formed, is developing. If the...

15.02.2017

The correction is ending. The wave (С) of the highest level is forming. Locally the upward correction as a second wave, within which the wave (с) of the lower level as a momentum is forming, is forming. If the assumption is correct, the pair will lower to the level of...

15.02.2017

 The Non-monetary policy's ECB meeting is due at 10:00 (GMT+2).

14.02.2017

The oil market is unstable. After the Friday growth almost to the level of 57 USD per barrel, the price lowered to 55.50 on Monday. 

14.02.2017

Today major currency pairs are trading mixed. Against the British Pound, the Dollar gained 0.85% while against the Euro and the Yen lost 0.35% and 0.48% accordingly. 

14.02.2017

The analysts expect the strengthening due to the changes in the USA economy. Johnson & Johnson is one of the companies, which profit depends on the rate fluctuations. In 2016 the company got a $37.8 billion profit in the USA and around 34 billion in the foreign market. So more...

14.02.2017

The Chair of the USA FRS Janet Yellen Speech is due at 17:00 (GMT+2). Yellen will comment the current economical state and answer the Congressmen questions. The Speech can cause a high volatility in the market.

14.02.2017

On the daily chart, the pair is falling towards the lower line of Bollinger Bands. The price remains below its moving averages that start turning down. The RSI is about to retest its most recent support having broken down its longer MA. The Composite is showing similar dynamics. 

14.02.2017

The pair started the week with growth and currently reached the region of the middle MA of Bollinger Bands and 38.2% Fibonacci correction (1.2500-1.2540). At present, the price slightly fell under the pressure from January statistics on the Consumer Price Index from the UK.

14.02.2017

The USD is supported by a few factors at once. The Initial Jobless Claims, published last week, was significantly better than expected, reflecting the positive trends in the USA employment market.

14.02.2017

During the two last trading sessions the Caterpillar stocks were growing against the Trump’s commentaries upon the realization of a new tax reformation, which includes the lowering of the income tax to 20%, and the announced volumes of the turnover of the China, which become higher than analysts expected.

14.02.2017

Yesterday against the absence of the macroeconomical news the gold lowered to the level of 1219.24, followed by the upward correction, which is developing today during the Asian trading session.

14.02.2017

On the daily chart, the pair is trading on the middle MA of Bollinger Bands. The price remains above its moving averages that are horizontal. The RSI is breaking out its longer MA while remaining in the Bearish zone below the 50 mark. The Composite, same as the RSI, is...

14.02.2017

The Industrial Production data are due at 12:00 (GMT+2). The MoM index is expected to be - 1.5% in December against 1.5% in the previous month. The YoY value is expected to lower to 1.7% in December from 3.2% in the previous month. Data on industrial production represents changes in...

14.02.2017

The 4 quarter Gross Domestic Product data are due at 12:00 (GMT+2) in the European Union. The index is expected to stay on the same level of 0.5%. The indicator represents the value of all goods and services produced by the Eurozone in a time period. A high reading strengthens...

14.02.2017

ZEW Survey Economic Sentiment is due at 12:00 (GMT+2) in Germany. The index is expected to lower to 15.0 points in February from 16.6 points in the previous month. The Economic Sentiment measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share...

14.02.2017

During the last week the pair was lowering and lost about a half of the 2 months growth (more than 200 points). The decrease is a result of many factors. The first is the RBNZ decision to keep the interest rate on the same level of 1.75%, which is minimal...

14.02.2017

The Consumer Price Index is due at 11:30 (GMT+2) in the UK. The index is expected to be - 0.5% MoM in January against 0.5% MoM in the previous month. The YoY value is expected to grow to 1.9% in January from 1.6% in the previous month. The index is...

14.02.2017

The American Dollar amid the absence of macroeconomic releases yesterday slightly strengthened against most of its rivals except the British Pound. Today market participants are waiting for Fed Chair Janet Yellen speech (5:00 pm GMT+2). Investors are hoping to hear some tips about further monetary policy tightening at the regulator’s...

14.02.2017

Last week, as the experts expected, silver grew. The contradiction of the growth simultaneously with the strengthening of the USD confirms the restoration of the investment appeal of silver against the political and economical uncertainty of the leading countries.

14.02.2017

The correction is developing On the 4-hour chart he upward momentum as a third wave of the highest level iii of 5 has developed. Locally the formation of the downward correction as a fourth wave iv of 5, within which the wave (a) is developing, has begun. If the assumption...

14.02.2017

The correction is developing. The lowering is possible. The upward momentum as a first entering the wave (i) within the third wave of the highest level has formed. Locally the downward correction as a wave (ii), within which the wave с of (ii) is developing, is forming. If the assumption...

14.02.2017

The growth of the pair is expected. The downward correction as a wave 2, now shaped as a zigzag, has formed. Locally the first wave i within the expected third wave 3 is forming. If the assumption is correct, the pair will grow to the level of 1.0112. The level...

14.02.2017

The trend is upward. On the 4-hour chart the upward trend is forming. Locally the third wave (iii), within which the correction ii of the lower level has ended, is developing. If the assumption is correct, the pair will grow in the third wave iii to the level of 0.7770....

14.02.2017

The Gross Domestic Product data are due at 09:00 (GMT+2) in Germany. Te QoQ index is expected to grow to 0.5% in the fourth quarter from 0.2% in the previous month. The YoY index is expected to grow to 1.7% in the fourth quarter from 1.5% in the previous period....

13.02.2017

Today, the European market is relatively quiet. Euro and British pound strengthened slightly: by 0.41% and 0.47% respectively. 

13.02.2017

During the previous week the EUR was falling against the USD. The Trade Balance data from Germany, which are worse than expected and the previous value, were negative for the EUR, as the quite critical the Head of the Bundesbank Jens Weidmann’s speech was too. 

13.02.2017

The US dollar began to regain the losses thanks to a strong data on labor market on Thursday. The NZD/USD pair at the end of last week fell by more than 150 points and consolidates near the 0.7170 mark.

13.02.2017

Today during the trading session the Brent oil price lowered to 56.20. The price is lowering I anticipation of the OPEC report, which will describe the implementation of the agreement of the oil cut limitation.

13.02.2017

During the last week The Home Depot stocks grew by 2.27% against the growth of the S&P 500 index by 0.12%.

13.02.2017

GE is considering the possibility of the selling the Water & Process Technologies business to the Blackstone Group company, one of the tree possible buyers. Water & Process Technologies is a small part of the General Electric business with a year profit around $2 billion. The possible transaction can be...

13.02.2017

On the daily chart, the pair is falling from the middle MA of Bollinger Bands. The price remains below its moving averages that start turning down. The RSI is falling having broken down its longer MA. The Composite is about to test its longer MA as well. 

13.02.2017

At the end of Friday's trading session, the US dollar rate did not change much against all major currencies. Today, the macroeconomic calendar also contains no important releases that can significantly affect the exchange rates.

13.02.2017

In the end of the last week the USA grew against all the main currencies. The first sign of the USD growth was the FRS members’ commentaries about the intention to triple increase the interest rate. Also the strong US Monthly Budget Statement caused the fixing of the profit of...

13.02.2017

A publication last week of poor data on the Eco Watchers Survey: Current, Foreign investments in Japanese stocks and Tertiary Industry Index in Japan had a negative impact on the Yen. Additionally, despite Donald Trump’s statement about full support of Japan after a missile launch by North Korea, in a...

13.02.2017

On the daily chart the pair is growing along the upper border of the Bollinger Bands indicator, the trend is upward. The MACD histogram is in the positive zone, its volumes are slightly growing, the signal line crosses the histogram’s body upwards, giving a signal to open long positions. The...

13.02.2017

The trend is upward. On the 4-hour chart the upward trend within the fifth wave 5 of the highest level is forming. Locally the third wave iii of 5, within which the lengthening of the third wave of the lower level (iii) is developing, is forming. If the assumption is...

13.02.2017

The local correction is forming. The upward trend within the fifth wave 5 is forming. Locally the third wave of the lower level iii of 5 has developed and the downward correction as a wave iv of 5 is forming. If the assumption is correct, the price will grow to...

13.02.2017

The pair can lower. The fifth wave 5 of the highest level is forming. Locally the upward correction as a wave ii of 5 has developed and the formation of the third wave iii of 5, within which the wave (i) and (ii) of the lower level have formed, has...

13.02.2017

The pair will grow within the correction. The fifth wave 5 of the highest level is forming. Locally the first wave of the lower level (i) as a momentum has formed. If the assumption is correct, the pair will grow to the level of 1.0717-1.0742 in the short term. The...

10.02.2017

The Monthly Budget Statement is due at 21:00 (GMT+2) in the USA. It represents the difference between the government revenue and expenditures. The budget deficit appears when expenditures exceed revenues. When the opposite happens, the budget is said to be in surplus. Positive values strengthen the USD, and negative values...

10.02.2017

During the day, the market was reacting to the words of new US president, who promised to provide "phenomenal" proposals on taxes in 2-3 weeks. 

10.02.2017

The NIESR GDP Estimate is due at 17:00 (GMT+2) in the UK. The report is published by the National Institute for Economic and Social Research. It tracks the UK economy growth for the last three months. The report has the potential to influence monetary policy in the country. A high...

10.02.2017

In the beginning of the year the EUR was growing against the USD due to the significant lowering of the dollar, which was pressed by weak macroeconomical statistics in all main USA economy sectors. 

10.02.2017

On Thursday the price of the New Zealand dollar dropped significantly after the RBNZ cautious statements. The regulator is clearly not thrilled with the growth of the national currency, which slows down the inflation. 

10.02.2017

On Tuesday after the closing of the market the Walt Disney Company has polished the 1 quarter of the financial 2017 year repost, which exceeded the expectations. The ETA index is $1.55, exceeding the analysts’ expectations of $1.48 due to the buyback in the reporting quarter. However the ETA has...

10.02.2017

At the end of the week AUD/USD is consolidating in the range of 0.7610-0.7665, and is not able to overcome strong resistance at 0.7700. The Australian dollar was under pressure of US President Donald Trump's comments. 

10.02.2017

Moody’s rating agency has reviewed the Bank of America forecast to “positive” from “stable”, which means the growing of the credit rating of the bank in the middle term. The new rating reflects the expectations of a growth of profitability of the Bank of America due to the management actions...

10.02.2017

The Net Change in Employment data are due at 15:30 (GMT+2) in Canada. The value is expected to lower to -5K in January from 53.7K in the previous month. Represents the change in the number of employed. A growth in the index indicates economic growth and strengthens the CAD. A...

10.02.2017

On Thursday, the pair lost about a hundred points, reaching the middle line of Bollinger bands at 1.2500. Strengthening of the dollar was due to the Trump’s intention to present his proposals for tax reform in the near future. 

10.02.2017

A correction could begin from the level of 53.80. On the four-hour chart the price is testing the 53.86 level (76.4% correction) near the intersection with a downward counter fan. Breakout of this level would be difficult for the price, but in this case it can rise up to 54.50...

10.02.2017

Yesterday during the trading session the gold prices lowered by more than 2 USD against the growing dollar, which was supported by the USA President Donald Trump’s commentaries that he would reveal “phenomenal” tax plans in the next 2-3 weeks. The clear signals about this aspect of the Trump’s economy...

10.02.2017

The US dollar rose against all major currencies, except for the AUD. The American dollar received support from Donald Trump’s statement that he was "going to do something phenomenal about taxes in the next 2-3 weeks".

10.02.2017

During the first half of the week the oil price was lowering due to the growth of the USD and as a result of the test of the strong resistance level between the levels of 57.20 and 58.50. The strength of the zone was confirmed for the fourth time during...

10.02.2017

The Industrial Production data are due at 11:30 (GMT+2) in the UK. The MoM index is expected to lower to 0.2% in December from 2.1% in the previous month. The YoY index is expected to grow to 3.2% in December from 2.0% in the previous month. The index represents industrial...

10.02.2017

In the beginning of the week the growth of the USD didn’t prevent silver from growing, despite the obvious correlation, and the silver grew, crossing the resistance level of 17.75. Yesterday the USD was growing due to the positive USA data. The 10-Year Note Auction figure became lower than in...

10.02.2017

The correction continues. The upward momentum within the third wave iii of 3 has formed. Locally the development the downward correction as a fourth wave iv of 3, within which the wave (b) is forming, has begun. If the assumption is correct, the price will grow to the level of...

10.02.2017

The trend is upward. The upward momentum as a third wave iii of 3 is forming. Locally correction as a fourth wave (iv) of iii has formed and the fifth wave (v) of iii is developing. If the assumption is correct, the price will grow to the level of 80.00-82.50....

10.02.2017

The pair is in correction. The wave (С) of the highest level is forming. Locally the upward correction as a second wave, within which the wave (с) of the lower level is forming as a momentum, is forming. If the assumption is correct, the pair will lower to the level...

10.02.2017

The pair will decrease. The downward trend within the wave С of the highest level is forming. Locally the third wave iii of C, within which the upward correction (ii) has ended, is developing. If the assumption is correct, the pair will lower within the wave (iii) to the level...

10.02.2017

The Reserve Bank of Australia Monetary Policy Statement is due at 02:30 (GMT+2). A statement on monetary policy, released by the Reserve Bank of Australia, contains an overview of current economic conditions as well as factors which have lead to certain monetary policy stance adopted by the central bank. Commentaries...

09.02.2017

During the European session the euro/dollar pair was trading in the range 1.0710-1.0670. The euro is unwilling to give up its positions, despite the obvious pressure associated with the UK exit from the EU and the possible exit of France. 

09.02.2017

The JPY is trading in the range of 111.58-112.57. Today the positive Machine Tool Orders data which grew by 6.7% in December, didn’t support the Yen. The trading activity is low and the trend is sideways. 

09.02.2017

The beginning of a downward movement is quite possible. On the four-hour chart the price stopped near the 38.2% line of the descending fan, from which the correction can start towards the levels of 4780.0 (middle line of Bollinger Bands) and 4753.0 (correction of 0.0%). Further growth to the levels...

09.02.2017

Oil is consolidating in a narrow sideways range of 54.70-57.15. Brent is under pressure of data on the growth of oil production in the United States and Canada. In the future, the main catalyst of the movement would be the data from OPEC and the major oil exporters. 

09.02.2017

Gold is growing against the USA and Europe political uncertainty. Trumps’ policy and numerous statements of the French far-rights about the France leaving the EU in case of the far-right candidate with the election support the traders’ interest in gold and silver. In addition the uncertainty the dynamics of the...

09.02.2017

The USD/CAD pair has been declining two days in a row. In addition to the weakening of the dollar due to the Fed's decision to leave interest rates unchanged, the pair is also under pressure of the rising oil prices.  

09.02.2017

On Wednesday the pair began to lower and now has reached the level of 0.7190, lost 1.78%. The lowering of the NZD is due to the Reserve Bank of the New Zealand interest rate decision and its Head Graeme Wheeler commentaries. 

09.02.2017

The Initial Jobless Claims data are due at 15:30 (GMT+2) in the USA. The value is expected to grow to 250K WoW from 246K in the previous period. Represents the number of new unemployment claims. It is published weekly on Thursdays. Allows approximating what nonfarm payrolls will be. A fall...

09.02.2017

DuPont and Dow Chemical suggested selling a part of assets to assist to get the European Commission agreement to merge the companies. The transaction cost is estimated to be $130 billion. The assets to be sold are the DuPont business assets of plant protection chemicals and Dow Chemical of acid...

09.02.2017

After releasing the report of Alcoa for the fourth quarter of 2016 the major investment banks have revised recommendation on Alcoa shares. 

09.02.2017

During the last two days the pair is trading in the narrow range due to the absence of the significant fundamental news. Today there are few macroeconomical releases expected, so the pair will move within the range of no more than 100 point. The USA Initial Jobless Claims data will...

09.02.2017

The EUR/USD pair made an attempt to grow yesterday, but failed to gain a foothold above 1.0713 level, so the price has been corrected downwards. The lack of news background, as well as an uncertainty regarding the economic policy of the new US president, are determining the current sideways character...

09.02.2017

Due to the lack of macroeconomic releases dynamics of major currency pairs did not change significantly. 

09.02.2017

The upward trend restores. The formation of the upward trend within the third wave 3 of the highest level has restored. Locally the third wave of the lower level (iii) of i of 3 is forming. If the assumption is correct, the price will grow to the level of 130.00....

09.02.2017

The trend is upward. The development of the upward momentum as a third wave iii within the fifth wave 5 of the highest level is ending. Locally the fifth wave (v) of iii is forming. If the assumption is correct, the price will grow to the level of 73.00-73.50. The...

09.02.2017

The pair is expected to grow. The downward correction as a wave 2, now shaped as a zigzag, has formed. Locally the first wave of the lower level (i) of iii within the expected third wave 3 is forming. If the assumption is correct, the pair will grow to the...

09.02.2017

The trend is upward. On the 4-hour chart the upward trend is forming. Locally the development the third wave iii, within which the correction (ii) of the lower level has ended, has begun. If the assumption is correct, the pair will grow to the level of 0.7770. The level of...

09.02.2017

The Trade Balance s.a. is due at 09:00 (GMT+2) is Germany. The budget surplus is expected to lower to 21.4 billion EUR in December from 21.7 billion in the previous month. The index represents the difference between the value of exports and imports. Positive values imply the balance is in...

09.02.2017

The Unemployment Rate s.a (MoM) is due at 08:45 (GMT+2) in Switzerland. The index is expected to stay on the same level of 3.3% in January. The indicator represents the percentage of the total labor force of Switzerland that is currently unemployed. A growth in unemployment suggests a slowdown of...

09.02.2017

The Head of the Reserve Bank of the New Zealand Graeme Wheeler Speech is due at 02:10 Wheeler has been the Governor of the Reserve Bank of New Zealand since September 2012. In his speech, he gives commentaries regarding current economic conditions and monetary policy in the country.

09.02.2017

The Reserve Bank of New Zealand Press Conference is due at 23:00 (GMT+2). After the interest rate decision is announced, the Governor of RBNZ comments on monetary policy in the country. His commentaries can lead to an increase in volatility.

08.02.2017

The Monetary Policy Statement is due at 22:00 (GMT+2) in the New Zealand. The Monetary Policy Statement provides information on how the Reserve Bank proposes to achieve its targets, how it proposes to formulate and implement monetary policy during the next five years and how monetary policy has been implemented...

08.02.2017

The Reserve Bank of New Zealand Interest Rate Decision is due at 22:00 (GMT+2). The rate I expected to stay on the same level of 1.75%. The Reserve Bank of New Zealand announces its decision on interest rates based on current economical state and the level of inflation. A rate...

08.02.2017

The AUD is trading in the upward trend against the USD. The pair has grown by more than 500 points and reached the key resistance level of 0.7700 in a month. The pair is moving due to the significant lowering of the USD against the negative USD fundamental background. During...

08.02.2017

Today, the US dollar continues to strengthen against its major counterparts, except for the pound.

08.02.2017

The continuation of an upward movement would be possible 11565.3. On the four-hour chart the price has tested a level of 11529.0 (23.6% correction for the medium-term trend) several time, but could not break through. The closest obstacle for the price would be the middle line of the Bollinger Bands,...

08.02.2017

In 2017 Caterpillar expects the profit of $37.5 billion, which is 2.6% lower than the level of 2016. One of the main causes if the lowering are low sales of equipment and engines in the North America. Based on the expected lowering of the profit in 2017 the ETA index...

08.02.2017

Silver continues to trade in an uptrend. The nearest support level is around 17.21, the resistance – 18.84. According to analysts, falling US dollar and rising US ten-year bonds provide support for precious metals. 

08.02.2017

The Altria Group stocks were growing after the 4 quarter 2016 financial results publishing on February, 1. The ETA index $0.68 QoQ exceeded the analysts’ expectations by $0.67 due to the strong growth of sales and aggressive buyback program during the last 12 months.

08.02.2017

Gold is still in an uptrend. The XAU/USD pair reached its maximum at the level of 1238.25. Several factors contributed to the growth of gold last week. First, the Fed decided to leave interest rates unchanged and did not specify the timing of the next increase. The steady growth of...

08.02.2017

Oil prices are lowering. The API Weekly Crude Oil Stock statistics brings an additional pressure on prices: the resources grew by 14.2 million barrel per week against the expected growth of 2.5 million barrel. 

08.02.2017

Growth would be possible after the breakdown of 1.0010-1.0030. On the four-hour chart the price rebounded of the level of 0.9965 (23.6% correction) and is trying to rise to the level of 1.0030 (38.2% correction). In the breakdown of the latter targets will be at 1.0083 (50.0% correction) and 1.0135...

08.02.2017

Yesterday during the Asian trading session the NZD grew due to the growing inflation expectations of the Reserve Bank of the New Zealand, which can affect the interest rate decision. Then the pair stepped back below the level of the beginning of the day due to the positive USA Trade...

08.02.2017

Yesterday, due to the lack of macroeconomic releases, US dollar corrected in relation to all major currencies.

08.02.2017

The pair stepped back upwards due to the USA Trade Balance data, published yesterday, which were positive for the USD, and to the  Ivey Purchasing Managers Index, which was lower than expected and made a negative impact on the CAD. 

08.02.2017

The trend is upward. On the 4-hour chart the upward momentum within the third wave of the highest level iii of 3 is developing. Locally the third wave of the lower level (iii) of iii is developing. If the assumption is correct, the price will grow to the level of...

08.02.2017

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

08.02.2017

The pair will decrease. The upward correction as a the fourth wave 4 of the highest level has formed. Locally the development the fifth wave 5, within which the first wave of the lower level (i) is forming, has begun. If the assumption is correct, the pair will lower to...

08.02.2017

The pair can lower. The fifth wave 5 of the highest level is forming. Locally the upward correction as a the wave ii of 5 has developed and the formation of the third wave iii of 5 has begun. If the assumption is correct, the pair will lower to the...

07.02.2017

The Consumer Credit Change data are due at 22:00 (GMT+2) in the USA. The value is expected to decrease to 20.60 billion USD in December from 24.53 billion USD in the previous month. The value represents the change in the volume of outstanding consumer credit in the US. A high...

07.02.2017

Today, the US dollar strengthened against its main competitor: the European euro, British pound, Japanese yen. 

07.02.2017

The GBP couldn’t stay in the upward trend against the USD, and the pair lowered rapidly due to the BoE Head’s speech in the beginning of February. Mark Carney noted the uncertainty in the economy due to the UK leaving the EU, which doesn’t let the economy restoration process begin...

07.02.2017

Today during the trading session the EUR/USD pair lost 1% of the price, reaching the level of 1.0650. The geopolitical risks in Europe and the upcoming limitation of the ECB buyback program press the market. In addition the Chinese foreign exchange reserves lowered below the psychological level of 3 trillion...

07.02.2017

The development of the upward trend is in case of a breakout at the level of 20135.5 is possible. On the 4-hour chart the price rebounded from the level of 20027.0 (correction 23.6%) and now is pointed to the January maxima to 20135.0, which is possible to be reached, as...

07.02.2017

During the Asian trading session, the US dollar strengthened against major currencies. The dollar has received support from the comments of Fed’s representative Harker, who made it clear that the regulator still might raise the interest rates at the March meeting. That’s why the NZD/USD pair dropped abruptly to the...

07.02.2017

The Trade Balance data are due at 15:30 (GMT+2) in the USA. The value is expected to decrease to -45.0 billion USD in December from -45.2 billion USD in the previous month. The value represents the difference between the value of exports and imports. Positive values imply the balance is...

07.02.2017

The 3M Company has published the 4 quarter 2016 report, exceeding the analysts’ expectations. One of the ETA growth drivers was the aggressive program of the buyback. In the 4 quarter the company has bought the stocks to the amount of $924 million and to $3.7 billion during the year....

07.02.2017

An upward correction is likely to continue. On the four-hour chart price broke down the level of 3.9815 (38.2% correction), but didn’t have enough momentum to reach the level of 3.9210 (50.0% correction). Now the price may again overcome the level of 3.9815, however further correction will be possible only...

07.02.2017

Verizon has reported the end of the transaction of the purchase the passive fibre optic network from the XO Communications Inc. The transaction value is $1.8 billion. The company suggests the purchase will let it cut down the transaction costs by $1.5 billion.

07.02.2017

Yesterday, the dynamics of the pair was influenced by data on inflation in Australia, that showed a significant increase compared with the previous values, and the volume of retail sales, which came out worse than a forecast. 

07.02.2017

After the last week USA FRS decision to keep the interest rate on the same level, silver and gold continues to grow. The mistrust to the Trump’s policy and the lowering of the USD from the end of the last year drew the trader’s attention to precious metals including silver....

07.02.2017

The price of Brent crude oil is slightly going down. The next support zone would be in a range of: 55.71-55.50. The "black gold" is under pressure of the US news, where the number of new drilling rigs increased by 17 units. 

07.02.2017

The lowering is expected. On the 4-hour chart the upward momentum as a third wave of the highest level iii of 5 has developed. Locally the formation of the downward correction as a fourth wave iv of 5 has begun. If the assumption is correct, the price will lower to...

07.02.2017

The correction continues. The lowering is possible. The upward momentum as a first entering wave (i) within the third wave of the highest level has formed. Locally the downward correction as a wave (ii), within which the wave с of (ii) is developing, is forming. If the assumption is correct,...

07.02.2017

The pair is in correction. The downward trend within the wave С of the highest level is forming. Locally the third wave iii of C, within which the upward correction (ii) is forming, is developing. If the assumption is correct, the pair will lower to the level of 1.2800 after...

07.02.2017

The trend is downward. The wave (С) of the highest level is forming. Locally the third wave iii, within which the wave (iii) of the lower level is forming, is developing. If the assumption is correct, the pair will lower to the level of 110.40. The level of 113.23 is...

07.02.2017

The Reserve Bank of Australia Interest Rate Decision is due at В 05:30 (GMT+2). The rate is expected to stay on the same level of 1.5%. The RBA makes a decision upon the interest rate based on the current economical state and the rate of the inflation. An increase in...

06.02.2017

The Labor Market Conditions Index for January is due at 5:00 pm (GMT+2). The index is calculated by Fed economists. Is made up of 19 different indicators describing the labour market. It is one of the major indicators of the US economic growth. A high reading strengthens the USD. A...

06.02.2017

Despite the expectations, the Yen is growing against the USD due to the significant lowering of the investors’ interest to the US currency. The strong capital outflow from the USD is due to the favorable background and the growth of the key indices of the main economical sectors in the...

06.02.2017

On Friday Donald Trump ordered the USA Ministry of Finance to review the Dodd-Frank Act, implemented after the 2008-2009 crisis. In case of a deregulation the profitability of the bank sector will increase. After the publication of the news the Bank of America stocks grew by more than 2.5%. The...

06.02.2017

The continuation of the downward movement is quite possible. On the four-hour chart the price is moving towards the level of 1.2428 (38.2% correction), but the continuation of the decline will be possible if the price consolidates below the level 50.0% of the rising fan. In this case, the pair...

06.02.2017

Last week the Pfizer published 4 quarter 2016 financial report. The ETA is $ 0.47, which is lower the analysts expectations of $ 0.03. The profit is $1 3.63 billion, slightly exceeding the experts expectations of в $13.55 billion. The company expects the 2017 financial expectations below the market forecast...

06.02.2017

Gold prices are growing against the mixed USA employment data, published on Friday. The Nonfarm Payrolls value grew to 227K in January from 157K in the previous month. The unemployment rate grew to 4.8% in January from 4.7% in the previous month. 

06.02.2017

The EUR/USD pair dropped down during Friday's trading session due to the mixed macroeconomic data on the US labor market. According to the published stats, the number of new jobs increased to 227K in January from 157K the previous month, while the unemployment rate rose to 4.8% in January from...

06.02.2017

On Friday, February, 03, the Baker Hughes report was published. According to its data, the number of active drilling rigs in the USA, which is growing from the June, 2016, continued: the volume grew from 566 to 583. 

06.02.2017

Last week, the pair has been trading under the influence of such important data, as the unemployment rate in New Zealand, which came out worse than forecast, and controversial stats on labor market from America. 

06.02.2017

The local correction is forming. The upward trend within the fifth wave 5 is forming. Locally the development the third wave of the lower level iii of 5 has ended and the formation the downward correction as a wave iv of 5 has begun. If the assumption is correct, the...

06.02.2017

The trend is upward. On the 4-hour chart the upward trend within the fifth wave 5 of the highest level is forming. Locally the third wave iii of 5, within which the third wave of the lower level (iii) is lengthening, is forming. If the assumption is correct, the price...

06.02.2017

The downward correction continues. The downward correction as a wave 2, getting a shape of a zigzag at the current moment, is forming. Locally the wave c, within which the development the fifth wave (v) to the level of 0.9850-0.9800 is expected, is forming. The level of 0.9980 is critical...

06.02.2017

The trend is upward. On the 4-hour chart the upward trend is forming. Locally the development the third wave iii, within which the first wave (i) of the lower level is forming, has begun. If the assumption is correct, the pair will grow to the level of 0.7770. The level...

06.02.2017

Data on Retail Sales for January is die at 2:30 am (GMT+2). The data on retail sales measures the volume of sales in the retail sector. Considered an indicator of consumer spending and economic growth. An increase in retail sales strengthens the AUD. A fall in retail sales weakens the...

06.02.2017

Data on the TD Securities Inflation for January is due at 2:00 am (GMT+2). The indicator, released by Melbourne Institute, measures changes in the level of inflation. A growth in inflation might result in RBA’s decision to introduce higher interest rates. A growth in the indicator strengthens the AUD. A...

03.02.2017

03.02.2017

03.02.2017

03.02.2017

The AUD is growing against the USD. The pair is targeted to the local April and November 2016 maxima at the levels of 0.7780 and 0.7835. The cause is the weakening of the USD, which significantly lowered in the beginning of the year. 

03.02.2017

Data on the Ivey Purchasing Managers Index for January is due at 5:00 pm (GMT+2). The index is published by the Richard Ivey School of Business. Assesses current economic conditions in the country. Values above 50 represent business activity growth and strengthen the CAD. Values below 50 represent a contraction...

03.02.2017

Data on the ISM Non-Manufacturing PMI is due at 5:00 pm (GMT+2). In January, the index is expected to fall from 57.2 to 57.0 points. The index is based on surveys of executives of the companies operating in the services sector regarding their opinion on current economic conditions in the...

03.02.2017

Data on Factory Orders is due at 5:00 pm (GMT+2). In December, the index is expected to increase from -2.4% to 1.0%. The index represents the change in the volume of factory orders. Allows estimating the pace of growth of the industrial sector. A growth in the index strengthens the...

03.02.2017

The price can grow further. On the 4-hour chart the price has bounced from the level of 11533.0 (the correction cluster of 23.6% for the middle term trend and 76.4% for a short term trend) and reached the level of 11658.0 (correction 50.0%). In case of breakout here the growth...

03.02.2017

Data on the Nonfarm Payrolls is due at 3:30 pm (GMT+2). In January, the index is expected to increase from 156 thousands to 175 thousands. One of the main indicators of employment in the US. Represents the number of employed in non-agricultural sectors. Has a high impact on the market....

03.02.2017

On Wednesday due to the disappointing Fed press conference, Brent oil price reached the upper limit of a broad sideways range near 57.20. Minutes of the Fed meeting did not contain any hints on the timing of a rate hike, and investors began to doubt whether or not to expect...

03.02.2017

In 2016 the stocks of the network technology giant Cisco grew by more than 11%. Despite the decrease of profit in the last 4 quarters, the company’s reports are better then analysts expected, The growth of the stocks was supported by payback and large transactions M&A, which helps to increase...

03.02.2017

Exxon Mobil has published the smallest quarterly profit in the last 17 years. Besides, the decline in gas and oil prices has devalued the company's assets by more than $2 billion. The indicator earnings per share were $0.41 on revenue of $61.02 billion. In the same quarter of the last...

03.02.2017

The pair has tested the maximum 1225.17 and then lowered after the positive USA macroeconomical statistics publication. The Initial Jobless Claims lowered to 246K WoW from 260K in the previous week. 

03.02.2017

On the daily chart, the pair is correcting up from the lower line of Bollinger Bands. The price remains below the EMA14, EMA65 and EMA130 and on the level with the SMA200 that start turning down. The RSI is testing its shorter MA that it has been failing since the...

03.02.2017

During the yesterday trading session the USD/JPY grew against the positive USA macroeconomical statistics. After testing a minimum in the area of 112.03, the pair has reached the level of 112.86 in the end of the trading session.

03.02.2017

The Markit Services PMI is due at 11:00 am (GMT+2). In January, the index is expected to remain unchanged at 53.6 points. The index represents current economic conditions in the sector and its future prospects. A reading above 50 is perceived as positive and strengthens the EUR. A reading below...

03.02.2017

On Tuesday, January, 31, after the publication of the Canada GDP data and the USA Consumer Confidence index, the pair in the downward momentum reached the level of 1.3000, lowered by 150 points. However on February, 1, the Head of the Bank of Canada S. Poloz’s speech had a negative...

03.02.2017

Political and economical uncertainty, caused by the new US Administration policy, makes the investors to find safe assets, and the precious metals are one of them. This week silver crossed the strong resistance level to grow further: the zone of the downward daily channel and 50% Fibonacci of the one...

03.02.2017

The trend is upward. Locally the price is in correction. The upward momentum within the third wave iii of 3 has formed. Locally the development the downward correction as a the fourth wave iv of 3 has begun. If the assumption is correct, the price will grow to the level...

03.02.2017

The trend is upward. The upward momentum as a the third wave iii of 3 is forming. Locally correction as a the fourth wave (iv) of iii is forming. If the assumption is correct, the price will grow to the level of 80.00 after the end of correction. The level...

03.02.2017

The pair will decrease. The upward correction as a the fourth wave 4 of the highest level has formed. Locally the development the fifth wave 5, within which the small entering momentum i has formed, begins. If the assumption is correct, the pair will lower to the level of 1.0616-1.0455....

03.02.2017

The correction has ended. The pair will decrease. The fifth wave 5 of the highest level is forming. Locally the development the upward correction as a the wave ii of 5 has ended and the small entering momentum has formed. If the assumption is correct, the pair will lower to...

03.02.2017

Data on the Caixin Manufacturing PMI for January is due at 3:45 am (GMT+2). The index is expected to fall from 51.9 to 51.8 points. The index evaluates the state of the manufacturing industry. A reading above 50 is perceived as positive for the Chinese economy. A reading below 50...

02.02.2017

British currency, as most of the major currencies, is strengthening against the weak dollar. The main factor affecting the US currency were negative data on the growth rate of the economy and the labor market. In addition to the weak fundamental background, the dollar is losing its positions due to...

02.02.2017

The growth is possible in the short term within the downward trend. During the last week on the 4-hour chart the price has tested the oncoming fan line 38.2% twice. At the moment the key level for the “bulls” is 19850.0 (correction 61.8%), the breakout of which is quite possible,...

02.02.2017

The Initial Jobless Claims index is due at 15:30 (GMT+2) in the USA. The index is expected to lower to 250K per week с 259K in the previous month. The indicator represents the number of new unemployment claims and is published weekly on Thursdays. Allows approximating what nonfarm payrolls will...

02.02.2017

The Bank of England Governor Carney speech is due at 14:30 (GMT+2). Mark Carney is the Governor of the Bank of England and chairs the Monetary Policy Committee. He is giving commentaries regarding current economic conditions in the country. 

02.02.2017

GE has published theа 4 quarter 2016 report. The financial results lowered and are worse than analysts expected, the profit lowered by 2% YoY to $33.1 billion, which is lower than expectations of $33.94 billion. The net profit has lowered by 44% to $3.49 billion

02.02.2017

The ECB President Draghi's Speech is due at 14:15 (GMT+2). Mario Draghi gives commentaries on current economic conditions in the Eurozone. Positive commentaries strengthen the EUR, while negative commentaries weaken the EUR. 

02.02.2017

Procter & Gamble has published quarterly sales, and the figures were better than expected thanks to strong growth in sales of organic products in the segment of "Beauty&Care" business. 

02.02.2017

Yesterday, the oil prices rose after US Fed’s commentary on the monetary tightening. The US regulator noted a steady increase of employed people, low unemployment, the optimism of consumers and businesses, the growth of household spending.

02.02.2017

The Bank of England Interest Rate Decision is due at 14:00 (GMT+2). The rate 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...

02.02.2017

On Tuesday trading session the NZD/USD pair was under pressure and lost 0.44%. Unexpected New Zealand employment data moved the pair downwards to the level of 0.7260: the unemployment level grew by 0.3% to 5.2%, while it was expected to lower t the level of 4.8%. The USA ADP Employment...

02.02.2017

Yesterday the pair grew against the poor speech of the USA FRS. The investors expected to get more specific information concerning the USA interest rate rise, as in the previous meeting the FRS declared the intention to increase the rate triple in the year in the USA economy is in...

02.02.2017

The December Producer Price Index is due at 12:00 (GMT+2) in the EU. The index represents a price change on goods, produced in the Eurozone. A growth in the index, generally, supports the EUR. A decline in the index weakens the EUR.

02.02.2017

On the daily chart, the instrument is trading in the upper Bollinger band. The price remains above the EMA14, EMA65 but below the EMA130 and SMA200 that turned horizontally. The RSI is showing Bearish dynamics just below the border of the overbought zone. The Composite is testing its longer MA. 

02.02.2017

Yesterday the EUR and the CHF slightly lowered by 60 points against the publications of Markit Manufacturing PMI in EU, which was worse than expected, and the Non-monetary policy's ECB meeting report. The USD/CHF pair has a technically stepped back from the strong support level of the lower border of...

02.02.2017

The Economic Bulletin is due to 11:00 (GMT+2) in the EU. It is released two weeks after the Governing Council meeting and provides an overview of the state of the economy in the region. It contains data on a series of macroeconomic indicators as well as commentaries on current economic...

02.02.2017

This week the pair has been trading in a narrow ascending channel, which is about 40 points wide. Today’s data on the Trade Balance from Australia that came out substantially better than forecasts allowed the pair to grow to its upper border. Should the upward movement continue the price would...

02.02.2017

The price can lower. The upward momentum as an entering first wave (i) within third wave 3 of the highest level, which has begun, has formed. Locally the downward correction as a wave (ii), within which the wave b of (ii) has ended, is forming. If the assumption is correct,...

02.02.2017

The trend is upward. The upward momentum as a third wave iii within the fifth wave 5 of the highest level is developing. Locally the fifth wave (v) of iii is forming. If the assumption is correct, the price will grow to the level of 73.00. The level of 69.16...

02.02.2017

The trend is downward. The wave (С) of the highest level is forming. Locally the third wave iii, within which the formation of the wave (iii) has begun, is developing. If the assumption is correct, the pair will lower to the level of 110.40. The level of 113.90 is critical...

02.02.2017

The trend is downward. The wave С of the highest level, within which the first wave is formed, is forming. Locally the third wave iii of C, within which local correction (ii) shaped as irregular has ended, is developing. If the assumption is correct, the pair will lower to the...

01.02.2017

Continuation downtrend is possible. On the four-hour chart the price rebounded of the line of rising fan 38.2% and is testing the level of 4.0570 (23.6% correction), in case of breakdown the price will go down to the levels of 4.0150 (intersection of the 50.0%, fan ​​and the lower line...

01.02.2017

The Brent oil is trading in the wide range within 57.20-54.10 (Fibonacci corrections 0.0% and 23.6%) and can’t leave it. Locally the price has formed the narrower sideway channel 56.60-54.85, where it is trading for the second week. On Tuesday the price tried to grow again and reached the level...

01.02.2017

The EUR/USD pair is under pressure of the uncertain economic policy of the new US administration. While the contours of the economic policies of President Trump are still taking forms, but the first task is already outlined – an intention to weaken the national currency, which reduces the competitiveness of...

01.02.2017

On January, 24 the DuPont company published the 4 quarter and 12 months of 2016 report, exceeding the analysts’ expectations. The ETA index has grown almost twice to $ 0.51 against the corresponding period of the previous year, exceeding the expectations of $0.42. In 2016 the ETA index has grown...

01.02.2017

Last week the 3M Company published the 4 quarter and 12 months of 2016 report. The ETA index was $1.88 against $1.66 in the corresponding quarter of the previous year and was higher than the experts expected. The growth of sales and lowering of the operating costs resulted in the...

01.02.2017

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 turning horizontally. The RSI is about to retest its most recent resistance. The Composite turned up as well but shows only a...

01.02.2017

During the yesterday trading session the pair has reached its minima of the September, 2016 due to due to Donald Trump’s Administration commentaries, which shoes the beginning of the currency confrontation between the dollar and other currencies. The commentary that the EUR price is artificially raised against the USD and...

01.02.2017

Yesterday the pair XAU/USD strengthened due to the weak macroeconomic data from the United States. PMI index, released on Tuesday, by the ISM Chicago division reflected the fall in economic activity in the states of Illinois, Indiana and Michigan. In addition, the monthly statistics on the level of trust of...

01.02.2017

On the daily chart, the pair is trading in the upper Bollinger band. The price remains above its moving averages that start turning up. Both the RSI and Composite have formed a Bearish divergence with the price, suggesting a decline possibility. Composite is about to test its longer MA.

01.02.2017

Today the USD/JPY pair is correcting after the yesterday lowering to 112.07. Yesterday the Trump counselor said that Germany is lowering the EUR price artificially, which provides the country better conditions in the world market, and the commentary pressed the USD. Donald has also told the same thing about the...

01.02.2017

Data on the Markit Manufacturing PMI is due at 11:30 am (GMT+2). In January, the index is expected to fall from 56.1 to 55.9 points. The index evaluates the state of the manufacturing sector. Is based on surveys of executives of the biggest manufacturing companies. A reading above 50 is...

01.02.2017

The trend is upward. On the 4-hour chart the upward momentum is developing. Locally the third wave iii of 3, within which the third wave of the lower level (iii) is forming, is developing. If the assumption is correct, the price will grow to the level of 182.50. The level...

01.02.2017

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

01.02.2017

The pair will decrease. The downward correction as a wave ii of 3 is forming. Locally the development of the wave (c) of ii is beginning. If the assumption is correct, the pair will lower to the level of 0.7444. The level of 0.7608 is critical for this scenario.

01.02.2017

Downward correction continues. The downward correction as a wave 2, now shaped as a zigzag with a lengthened wave c of 2, is forming. Locally the wave c, within which the third wave (iii) is developing, is forming. If the assumption is correct, the pair will lower to the level...

01.02.2017

Data on the NBS Manufacturing PMI is due at 3:00 am (GMT+2). In January, the index is expected to fall from 51.4 to 51.2 points. The index evaluates the state of the manufacturing sector in China. A reading above 50 gives a positive sign. A reading below 50 represents negative...