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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Apr 2017

28.04.2017

The pair is expected to continue growth.

28.04.2017

Today the US dollar has been weakening against European competitors. The pair EUR/USD grew to the level of 1.0945, and GBP/USD – to 1.2955. European currency was supported by strong consumer price index data that grew above expectations in April and reached the level of 1.9%. On the other hand,...

28.04.2017

Gold continues to gradually strengthen: the nearest support level is located at 1261.63, and resistance — at 3/8 Murrey or 1273.46. If the price breaks through the lower level of 1261.63, the return to 1250.00 will be likely. However, the retest of previous maximums with target at 1300.00 will also...

28.04.2017

During the previous week Facebook shares grew by 2.71%. S&P500 went up by 1.60% within the same period. 

28.04.2017

During the previous week Cisco shares grew by 2.80%. S&P500 went up by 1.6% within the same period.

28.04.2017

US annual GDP data are due at 14:30 (GMT+2). The indicator is expected to reduce to 1.3% in Q1 from 2.1% in the previous period. It shows market value of all final goods and services produced in the USA and describes the rate of economic growth or fall. High results...

28.04.2017

On D1 chart the instrument consolidated above the strong resistance level of 17.26. Bollinger Bands are reversing downwards, and the price range ins widening indicating the preservation of the current trend. MACD histogram is in the negative zone and its volumes are decreasing keeping the sale signal. Stochastic has reached...

28.04.2017

During Thursday trading session the pair continued to decrease in view of mixed statistics from the USA and tested the level of 0.6850. The number of initial jobless claims exceeded the expectations (257K against 241K) indicating the weakenss of the labor market and negatively affecting the rate of the US...

28.04.2017

For the whole current week the pair has been falling with almost no changes. The data on Australian consumer prices and inflation released this week showed growth but appeared to be insufficient for the investors to be sure that RBA would toughen its monetary policy. 

28.04.2017

In the beginning of the previous week the pair USD/JPY reversed from its 5-month minimum. The growth of yen stopped after the publication of Japanese trading balance (much worse than forecast) last Thursday. 

28.04.2017

The trend is upward. Upward momentum is likely to be formed within the third wave 3 of thge highest level. Locally the fifth wave v of 3 seems to develop, and within it wave (iii) of the lower level is forming. If he assumption is correct it would be reasonable...

28.04.2017

The continuation of price growth is expected. A third wave of the highest level 3 is likely to be forming within the H4 timeframe. Locally the formation of the fifth wave v of 3 seems to have started. Starting momentum (i) formed in the wave, and if the assumptions are...

28.04.2017

The trend is upward. It is likely that the upward correction of this highest level continues to be formed as the forth wave 4 within which wave c of 4 is developing. It seems that locally the third wave (iii) of c is coming to an end of its formation...

28.04.2017

The trend is upward. A third wave of the highest level 3 is likely to be forming within the H4 timeframe. It seems that "bullish" momentum is being formed as wave (i) of iii of 3 within which growth in the fifth wave to the level of 1.1000 is expected....

28.04.2017

As a result of Thursday trading US dollar demonstrated mixed dynamics against the majors. 

28.04.2017

The data on EU Consumer Price Index is due at 11:00 (GMT+2). The indicator is expected to grow to 1.8% in April from 1.5% a month earlier on YoY basis. This is the main indicator of inflation in the EU. The indicator shows the changes in price of the basic...

28.04.2017

British GDP data for Q1 is due at 10:30 (GMT+2). The indicator is expected to fall from 0.7% to 0.4% within the reporting period. The indicator shows market value of all final goods and services produced in the UK and describes the rate of economic growth or fall. High results...

28.04.2017

The head of Swiss National Bank Thomas Jordan will make comments on the current economic situation and fiscal policy at 10:00 (GMT+2). Depending on the tone and nature of his statements, they may cause volatility of the Swiss franc.

28.04.2017

Japanese retail sales data are due at 01:50 (GMT+2). The indicator is expected to grow to 1.5% in March from 0.1% a month earlier. It reflects changes in the volumes of sales in major retail stores. The growth of the indicator shows an uptake of consumption and has a positive...

28.04.2017

Japanese industrial output data is due at 01:50 (GMT+2). The indicator is expected to make -0.8% in March against 3.2% a month earlier. It reflects changes in Japan's industrial output and shows the state of national economy. The growth of the indicator leads to the rise of the national currency,...

28.04.2017

Japanese unemployment rate data are due at 01:30 (GMT+2). The indicator is expected to grow to 2.9% in March from 2.8% a month earlier. It shows the ratio of unemployed citizens to the total amount of citizens able to work. Growth of this indicator is negative for the country's economy...

28.04.2017

March trading balance data from New Zealand is due at 00:45 (GMT+2). The indicator shows gap between export and import of goods and services in monetary terms. A positive value indicates balance proficiency (positive balance) and consolidates NZD, and a negative one shows balance deficiency (negative balance) and weakens the...

27.04.2017

The AUD is lowering against the USD and crossed a range of key support levels at 0.7150, 0.7475, so the trend is downwards. In April the pair is trading within the wide downward channel. It rapidly grew due to the USD positive data and reversed downwards due to the rapid...

27.04.2017

On the H4 chart the price dropped from maximum April levels (2395.8) and is moving towards the level of 2378.8 (correction 23.6%) to the area of crossing with the 23.6% curve and the 38.2% upward fan line. According to Stochastic (that is reversing in the oversold zone), there may be...

27.04.2017

Today, US dollar is trading in both directions against its main competitors. The pair EUR/USD is trading in the narrow range of 1.0920-1.0890. The market's expectation of details about the US tax reform was replaced by hopes for today's ECB meeting.

27.04.2017

On the daily chart, the pair is trading below the lower line of Bollinger Bands. The price remains below its moving averages that start turning down. The RSI is approaching the border of the oversold zone. The Composite is falling and reaching its critical oversold levels.

27.04.2017

On the 4-hour chart the price is testing the level of 0.9925 (correction 61.8%) around the crossing with the upward fan line 38.2%. The breakdown of this level can lead to the further lowering through the fan to the level of 0.9882 (correction 76.4%). Still the reversal and the growth...

27.04.2017

ECB press conference on fiscal policy is due at 14:30 (GMT+2). After announcing a decision on the interest rate the head of ECB makes comments on it and answers questions about the current economic situation in the EU.

27.04.2017

Data on demand for durable goods are due at 14:30 (GMT+2). The indicator is expected to fall to 1.2% in March from 1.8% a month earlier. The index demonstrates changes in the prices for durable goods including vehicles that have been in use for over 3 years. The growth of...

27.04.2017

Initial Jobless Claims are due at 14:30 (GMT+2). The indicator is expected to reduce to 241 thousand a week from 244 thousand a week earlier. This indicator shows the amount of new initial jobless claims, is published weekly on Thursdays, and gives a perspective of the NonFarm Payrolls indicator. Decreasing...

27.04.2017

During last week, Verizon shares decreased by 3.23%. S&P500 index went up by 1.52% during the same period.

27.04.2017

During the last week United Technologies Corp. stocks grew by 4.68% against the growth of the S&P 500 index by 1.52%.

27.04.2017

Silver price continues to lower. During the last two weeks it lost more than 5% and reached the level of 17.31. 

27.04.2017

Decision of ECB on the deposit rate will be published at 13:45 (GMT+2). The indicator is expected to remain unchanged on the level of -0.4%. A deposit rate is an interest rate under which commercial banks deposit their funds on the accounts of the Central Bank.

27.04.2017

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

27.04.2017

The consolidation of the pair after the rapid growth on last Tuesday reflects the investors’ uncertainty in the further dynamics, as they are waiting for clearer signals. 

27.04.2017

After the two weeks lowering the oil prices are consolidating for the third day. The zone above the level of 52.00 USD per barrel seems to be a temporary compromise zone between the increasing USA shale oil production and the OPEC. 

27.04.2017

Today the market and especially the pair EUR/USD will be under pressure expecting the meeting of the European Central Bank. Traders believe that the interest rate is likely to remain on the current zero level. 

27.04.2017

As a result of yesterday's trading session US dollar demonstrated mixed dynamics against the majors. Yesterday US Minister of Finance presented a bill on the reform of the tax system proposed by President Trump. The idea of the bill is to reduce corporate income tax from 35% to 15%. Personal...

27.04.2017

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

27.04.2017

Downward correction continues. The downward correction as a fourth wave of the lower level iv of 5, within which the zigzag (a)(b)(c) is forming, is developing. Locally the development of the wave (c) has begun. If the assumption is correct, the price will lower to the level of 69.45. The...

27.04.2017

The lowering of the pair within the correction is expected. On the daily chart the long term upward correction as a wave В, within which the wave с of B is developing, is forming. Locally the upward momentum as a third wave (iii) of c has ended and the correctional...

27.04.2017

The trend is upward. The large downward correction as a wave В of the highest level, shaped as a double zigzag wxy, has formed. Locally the upward momentum as a first entering wave of the lower level (i) within the wave С of the highest level is forming. If the...

27.04.2017

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

26.04.2017

On the 4-hour chart the price reached the level of 19316.00 (correction 76.4%, coincidence with the oncoming fan line 38.2%). In case of the breakout the upward trend can continue to the level of 19460.00 and to the March maxima 19660.00, but the price will have to cross the oncoming...

26.04.2017

During the last month and a half the USD was lowering against the JPY due to the rapid growth of the investors’ interest towards the JPY as a shelter currency. During the period the pair lowered by more than 700 points, which surprised most of the investors. 

26.04.2017

Today the USD is growing, as the investors are waiting for the announcement of the details of the tax reformation by Donald Trump. He is expected to suggest lowering the income tax for enterprises to 15% instead of 35%, and also to lower corporate foreign returned capital tax from 35%...

26.04.2017

During the current week the pair continued to trade within the lateral channel of 1.2850-1.2770 that it entered after the decision of the UK Prime Minister Theresa May to hold early parliamentary elections. Since them the pair experiences driver deficiency, and the market is waiting for the beginning of the...

26.04.2017

The Crude oil price is under pressure after the API Weekly Crude Oil Stock data publication yesterday, which reflected the unexpected growth by 897K barrel WoW, while the analysts expected the lowering of the value by 1.66 million barrel. 

26.04.2017

Yesterday the rate of EUR/USD managed to consolidate above 1.0900 and reached the level of 1.0949. 

26.04.2017

Canadian dollar is under pressure, and the pair USD/CAD continues to grow. During yesterday's trading session the price grew above the level of 1.3600 which was mainly due to President Trump's statements about Canada and Mexico.

26.04.2017

The Retail Sales index is due at 14:30 (GMT+2). The MoM index is expected to lower to 0.0% in February from 2.2% in the previous month. It represents the change in the volume of retail sales. A growth in the index strengthens the CAD. A fall in the index weakens...

26.04.2017

During the last week the General Electric stocks lowered by 1.31% against the growth of the S&P 500 index by 1.59%.

26.04.2017

In the previous week The Walt Disney stock grew by 0.87%. S&P500 gained 1.59% within the same period of time.

26.04.2017

Last week the NZD was affected by the controversial factors. The Consumer Price Index strongly grew to the many years maximum, but the pair didn’t reacted, being pressed by the gravitation of the strong zone, in which a year and a half trend and the level of 0.7000 coincided. 

26.04.2017

Along with other commodity assets, gold has been moving downward since the beginning of the previous week. 

26.04.2017

Upward trend returns. On the 4-hour chart the upward momentum within the fifth wave 5 of the highest level is forming. Locally the downward correction as a fourth wave iv of 5 as a zigzag has developed and the formation of fifth ending wave v of 5 has begun. If...

26.04.2017

The “bearish” correction is ending. The formation of the downward correction as a fourth wave of the highest level iv of 3, within which the zigzag is developing, is ending. Locally the development of the wave (c), within which the momentum has almost formed, is ending. If the assumption is...

26.04.2017

The pair is lowering. The downward correction as a wave ii of 3 of the highest level, within which the wave (c) of ii is developing, is forming. Locally the fifth wave v of (c), within which the third wave of the lower level is developing, is forming. If the...

26.04.2017

The trend is downward. On the daily chart the downward wedge as a first entering wave 1 within the expected fifth wave of the highest level, is forming. Locally the fifth wave v of 1 is forming. If the assumption is correct, the pair will lower to the area of...

26.04.2017

As a result of yesterday's trading session US dollar demonstrated mixed dynamics against the majors. Today the market is waiting for a statement by Donald Trump who is expected to present his plans about the US tax reform. 

26.04.2017

The Consumer Price Index is due at 03:30 (GMT+2). The QoQ index is expected to grow to 0.6% in the first quarter from 0.5% in the previous period. The YoY index is expected to grow to 2.2% in the first quarter from 1.5% in the previous period. The index represents...

25.04.2017

Today the European markets are calm, as the winning of Emmanuel Macron in the first round of the Presidential Elections in France deleted the uncertainty, calmed down the investors and the trading activity. Today the EUR/USD pair grew to the level of 1.0900, but then was corrected and in general...

25.04.2017

On H4 chart the price is dropping to the level of 48.75 (76.4% match of corrections for the short term and 50.0% for the long term trend). Breaking through this level will open a prospect for falling to March minimums to the level of 47.10. If the price reverses (which...

25.04.2017

On Monday the trading session opened with a gap down to the area of 1270.00. The lowering is corrected to the end of the uncertainty after the results of the first round of the Presidential Elections in France. As expected, Emmanuel Macron and Marine Le Pan entered the second round....

25.04.2017

For a month the pair NZD/USD has been trading within a narrow range. The main catalyst of this movement is the continuing fall of USD rate in view of reduction of investors' interest after a number of negative macroeconomic releases in major US economy sectors. 

25.04.2017

French index CAC has gained about 4.5% since the beginning of trading this week. This is the highest growth since August 2012. The demand was mainly determined by the results of the first round of French elections won by Le Pen and Macron.

25.04.2017

The New Home Sales Change index is due at 16:00 (GMT+2). It is expected to be 1.5% in March against 6.1% in the previous month. It is important indicator of the US property market. A growth in the index represents economic growth. A high reading strengthens the USD. A low...

25.04.2017

The Consumer Confidence index is due at 16:00 (GMT+2). It is expected to lower to 122.9 points in April from 125.6 points in the previous month. The index represents consumer confidence in current economic conditions. A high reading strengthens the USD. A low reading weakens the USD.

25.04.2017

For the previous week the quotes of the pair were growing which was mainly caused by the negative climate in the oil market and rapid fall of oil prices below $50 per barrel. During the current week the growth continued and by now the price reached the level of 1.3570.

25.04.2017

The S&P/Case-Shiller Home Price Indices is due at 15:00 (GMT+2). The index is expected to stay on the same level of 5.7% in February. The S&P/Case-Shiller Home Price Indices released by the Standard & Poor's examines changes in the value of the residential real estate market in 20 regions across...

25.04.2017

Johnson & Johnson exceeded expectations for 2017 partially due to a transaction with Actelion. The company plans its RPS to make up $7.00-7.15, and revenue to amount to $75.4-76.1 bln. 

25.04.2017

During the last week Procter & Gamble stocks lowered by 0.17% against the growth of the S&P 500 index by 1.12%.

25.04.2017

Last week the pair was traded controversial. In the beginning of the week the AUD was lowering due to the RBA meeting minutes, which confirmed the “dovish” policy and kept the interest rate on the minimum level. On Thursday and Friday the USD was lowering after the publication of the...

25.04.2017

On D1 chart the pair corrected to the middle line of Bollinger Bands. The price made yet another attempt to consolidate above the level of 110.00. MACD histogram is in the negative zone keeping the sale signal. Stochastic is located in the neutral zone and does not provide clear signals.

25.04.2017

No important data were released from Switzerland last week. The dynamics of the pair was mainly determined by the US dollar against which it has been decreasing for the second week in a row. Moreover, CHF is supported by its status as a safe haven asset.

25.04.2017

The Public Sector Net Borrowing data are due at 10:30 (GMT+2). The value is expected to grow to 1.5 billion GBP in March from 1.1 billion in the previous month. The index represents the government net debt. Positive values indicate a budget deficit and weaken the GBP. Negative values denote...

25.04.2017

The rate of EUR/USD corrected to the level of 1.0866 (-0.46%) after yesterday's rapid growth caused by the results of the first round of French presidential elections.

25.04.2017

The trend is upward. On the 4-hour chart the upward momentum, within which the fifth wave 5 is developing, is forming. Locally the downward correction (ii) of v of 5 of the lower level has ended and the third wave (iii) is developing. If the assumption is correct, the price...

25.04.2017

Correction is ending. The pair can lower. The development of the downward correction as a wave (ii) of iii is ending. Locally the wave c of (ii), within which the “bearish” momentum is forming, is developing. If the assumption is correct, the price will lower to the level of 39.50....

25.04.2017

The trend is upward. The upward correction of the highest level as a fourth wave 4, within which the wave c of 4 is developing, is forming. Locally the third wave (iii) of c is developing as a momentum, within which the correction as a wave iv of (iii) is...

25.04.2017

The growth of the pair is expected. On the 4-hour chart the third wave of the highest level 3 is developing. At the moment the “bullish” momentum as a wave (i) of iii of 3 has formed and the local correction (ii) is forming. If the assumption is correct, the...

24.04.2017

On the daily chart the price is correcting from the area of 0.7060 (the upper border of Bollinger Bands Боллинджера, correction 38.2%). The possible target of the lowering is the level of 0.6998 (correction 23.6%, the middle line of Bollinger Bands). In case of the breakdown of this level the...

24.04.2017

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

24.04.2017

n the end of March AUD tested the key resistance level of 0.7750 once again. Failing to break through it, the pair moved downward. US dollar did not gain enough strength to move past the level of 0.7445 and the pair switched to the lateral consolidation stage. Last week's releases...

24.04.2017

The Brent oil price is still under the pressure, and the Friday trading session closed at the level of 51.88.

24.04.2017

During the previous week the shares of Wal-Mart grew by 2.45%. S&P500 index increased by 1.01% within the same period. 

24.04.2017

During the last week the Exxon Mobil stocks lowered by 1.22% against the growth of the S&P 500 index by 1.01%.

24.04.2017

For the whole previous week silver was being corrected against its 4-weeks growth. Obviously, geopolitical and fundamental factors of consolidation of precious metals and other safe haven assets such as yen, Swiss franc, or American bonds, remained in force.

24.04.2017

On the daily chart, the pair is correcting up from the lower line of Bollinger Bands. The price remains just below its moving averages that are horizontal. The RSI is falling towards the border of the oversold zone. The Composite is testing its last month support. 

24.04.2017

The main event of the previous week for GBP was the announcement of early parliamentary elections by the UK Prime Minister Theresa May. 

24.04.2017

After the opening of trading in Forex market the European currency started with a gap up. Currently the rate is 1.0843. Euro was supported by the result of the first roun of French presidential elections. According to exit polls, Marine Le Pen (22% votes) and Emmanuel Macron (23.7%) moved to...

24.04.2017

The trend is upward. The upward momentum within the third wave iii of 5 is forming. Locally the fifth wave of the lower level (v) of iii is developing. If the assumption is correct, the price will grow to the level of 68.00. The level of 64.90 is critical for...

24.04.2017

The correction continues. On the 4-hour chart the upward momentum as a third wave iii of 5 has formed. Locally the downward correction iv of 5, within which the formation of the zigzag (a)(b)(c) with the target level around 135.50 is expected, is developing. The level of 145.00 is critical...

24.04.2017

The pair will lower within the correction. On the daily chart the long term upward correction as a wave В is forming. Locally the third wave (iii) of c, within which the entering momentum of the lower level i of (iii) has formed, is developing. If the assumption is correct,...

24.04.2017

The growth is expected. The large downward correction as a wave В of the highest level, shaped as a double zigzag wxy, has formed. Locally the formation of the upward momentum as a first entering wave of the lower level (i) within the wave С of the highest level has...

24.04.2017

The trading of EUR/USD opened with gap up on Monday after the publication of the data on the first round of French presidential elections. 

24.04.2017

IFO Indicator of Economic Sentiment for April will be published at 10:00 (GMT+2). The indicator is based on a poll taken among top managers of over 7,000 enterprises in order to learn their estimates of the current economic situation in the business sphere and their forecast for the next six...

21.04.2017

21.04.2017

21.04.2017

21.04.2017

Today the USD grew against the European currencies: it grew by 0.22% against the EUR (the price lowered to 1.0690) and by 0.39% against the GBP (the price lowered to 1.2756). The EUR was not even supported by strong April Markit Manufacturing PMI and Markit Services PMI, which were at...

21.04.2017

In the end of March after reaching the local maximum of the current year (1.0900) the pair reversed downwards and lost over 250 points in several days. 

21.04.2017

Oil continues to lower due to more weaken than expected USA oil resourced decreasing. Yesterday WTI Crude Oil lost 0.56% and continues to slightly lower. Due to the absence of the macroeconomical data the price movement is determined by the technical analysis data.

21.04.2017

On the 4-hour chart the price crossed the level of 18542.50 (correction 23.6%) and reached the curve 23.6%. After the breakout of it the price can grow further to the level of 18755.00 (correction 38.2%) and 18820.00 (the area of crossing with the fan line 38.2%).

21.04.2017

Gold is trading in the narrow range of 1276.52-1288.30. Trade volatility is low. Gold is unable to leave the range due to the absence of new fundamental factors. Technical indicators show lateral market movement. Bollinger Bands are directed sidewards. MACD histogram is located in the positive zone and moving along...

21.04.2017

Markit Manufacturing PMI is due at 15:45 (GMT+2). The indicator is expected to grow to 53.5 in March from 53.3 a month earlier. The index shows economic conditions in manufacturing sector, and prospects for further development. Values above 50 are perceived as a positive signal and strengthen USD. Values below...

21.04.2017

On Thursday the USD/JPY pair grew and reached the level of 109.48. The investors were inspired by the results of the meeting of the Finance Ministers of the Japan and the USA — Taro Aso and Steven Mnuchin. 

21.04.2017

As a result of Q1 2017 The Wall Street analysis expect the trend of quarterly decrease of DuPont revenue to reverse. The revenue of the company dropped from $11.3 bln in Q1 2012 to $7.4 bln in Q1 2016. 

21.04.2017

The company will publish the 1 quarter financial report on April, 25, before the opening of the market. In the beginning of the year the company expected the lowering of the YoY profit by 2.2% to the level of $9.25 billion and the YoY lowering of the EAT by 7%...

21.04.2017

Canadian Consumer Price Index is due at 14:30 (GMT+2). The indicator is expected to grow to 0.4% in March from 0.2% a month earlier. The indicator shows the changes in price of the basic market basket. High values are considered an indication of rate rise. The growth of the index...

21.04.2017

The growth of GBP/USD slowed down today in view of publication of retail sales data from the UK. The indicator appeared to be less than forecast and reduced by 1.8% in monthly terms. On YoY basis it increased oinly by 1.7% against the expected growth by 3.4%. 

21.04.2017

Having reached a strong resistance level of 56.00-58.50 (the level of 2-years maximums), oil failed to break through it and has been falling for the whole current week.

21.04.2017

This week the NZD grew against the USD due to the positive data from the World Dairy Market. On Tuesday the milk price index reached the maximum from the December, 2016. Yesterday the New Zealand Consumer Price Index reached the 6-year maximum, which also supported the NZD. 

21.04.2017

As a result of Thursday trading US dollar decreased against the majorities except for yen. 

21.04.2017

The growth is expected. The upward momentum within the third wave 3 of the highest level is forming. Locally the downward correction as a wave iv of 3 has developed and the formation of the wave v of 3, within which the wave (i) and (ii) of the lower level...

21.04.2017

The price is growing again. On the 4-hour chart the upward momentum within the third wave 3 of the highest level is forming. Locally the downward correction as a fourth wave iv of 3 has developed the formation of the fifth wave v of 3 has begun. If the assumption...

21.04.2017

The growth of the pair is expected. The third wave of the highest level 3, within which the entering momentum of the lower level (i) has formed, is forming. Locally the downward correction (ii), which reached the level of 50%, has formed. If the assumption is correct, the pair can...

21.04.2017

The pair can lower. The downward correction as a wave ii of 3 of the highest level is forming. Locally the wave (c) of ii, within which the fifth wave v of (c) is forming, is developing. If the assumption is correct, the pair will lower to the level of...

21.04.2017

The data on UK retail sales are due at 10:30 (GMT+2). In monthly terms the indicator will make up -0.2% in March against 1.4% in the previous month. On year-on-year basis, the indicator is expected to drop to 3.6% in March from 3.7% in February. The indicator is based on...

21.04.2017

EU Markit Services PMI is due at 10:00 (GMT+2). The indicator is expected to drop to 55.8 points in April against 56.0 points in March. The index shows economic conditions in services sector, and prospects for further development. Values above 50 are perceived as a positive signal and strengthen EUR....

21.04.2017

German Markit Services PMI is due at 09:30 (GMT+2). The indicator is expected to drop to 55.5 points in April against 55.6 points in the previous month. The indicator evaluates the economic situation in the services sector and is based on a poll taken among the managers of German companies...

20.04.2017

Today in the morning the USD lowered against the EUR and GBP. The EUR/USD pair grew to the level of 1.0778, the GBP/USD pair — to 1.2840, at the moment both of them are being corrected downwards.

20.04.2017

US dollar remains in the medium term downward tendency against the Japanese yen. In the beginning of April the pair significantly dropped in view of demand for JPY. 

20.04.2017

On the 4-hour chart the pair is trading within the downward channel. At the moment it is testing the level of 0.9958 (correction 50.0%), moving towards the upper border of the channel. The breakout of the level 0.9994, where lies the middle line of the Bollinger Bands and the fan line...

20.04.2017

SPX index is trading around the important resistance level of 4/8 Murrey or 2343.7. If this level is broken out the next target will be 2351.5. However the index may reverse downward as the reports of major US compaies included into it appeared to be worse than expected. 

20.04.2017

On the daily chart, the pair is trading in the upper Bollinger band. The price remains just below its moving averages that are turning horizontally. The RSI is turning up again. The Composite, however, turned down having failed its last month resistance. 

20.04.2017

Initial Jobless Claims are due at 14:30 (GMT+2). The value is expected to grow to 242K a week against 234K in the previous week. This indicator shows the amount of new initial jobless claims and is published weekly on Thursdays. It also provides information on the number of nonfarm payrolls....

20.04.2017

During the previous week the shares of Facebook grew by 1.68%. S&P500 index increased by 0.53% within the same period.

20.04.2017

The CAD lowered against the USD due to the rapid oil prices fall. The oil resources lowered by 1.034 million barrel WoW, as the lowering by 1.47 million barrel was expected. As a result the oil price lowered by 3.3%, which pressed the CAD. In the 2 last trading days...

20.04.2017

During the last week the Cisco stocks lowered by 0.82% against the growth of the S&P 500 Index by 0.53%.

20.04.2017

After a month of active growth silver has been under correction during the current week. It was caused by strong resistance levels namey the upper border of the upward D1 (blue) channel that matched the zone of 18.50. Locking in profits on this level is reasonable. 

20.04.2017

Current trend On the first day after the Easter holidays the AUD began to lower after the publication of the RBA meeting minutes, which confirmed the soft monetary policy. Two weeks ago the Bank decided to keep the interest rate on the same level of 1.5%, which is the minimum...

20.04.2017

On D1 chart the instrument dropped down and corrected to the middle line of Bollinger Bands. MACD histogram is in positive zone with its volume at the minimum, the signal line is crossing the zero line and the body of the histogram from below, which is a signal to open...

20.04.2017

The price can grow. The upward momentum within the fifth wave 5 of the highest level is developing. Locally the downward correction as a fourth wave of the lower level iv of 5, shapes as a zigzag (a)(b)(c), has formed. If the assumption is correct, the price will grow to...

20.04.2017

The trend is upward. The upward momentum as a first entering wave i of 3 is forming. Locally the development of the third wave of the lower level (iii) of i is ending and the correction lowering as a wave (iv) is possible. If the assumption is correct, the price...

20.04.2017

The trend is upward. The upward correction of the highest level as a fourth wave 4, within which the wave c of 4 is developing, is forming. Locally the third wave (iii) of c is developing as a momentum. If the assumption is correct, the pair will grow to the...

20.04.2017

As a result of yesterday's trading session US dollar gained ground against the majority of competitors. 

20.04.2017

The pair can grow. The fifth wave 5 of the highest level is forming. At the moment the upward correction ii of 5 shaped as a zigzag, within which the “bullish” momentum as a wave (c) of ii is developing, is forming. If the assumption is correct, the pair will...

20.04.2017

German Producer Price Index is due at 08:00 (GMT+2). On a monthly basis the indicator is expected to drop to 0.1% in March from 0.2% a month earlier. It is expected that on YoY basis, the indicator will remain unchanged at the level of 3.1% in March. The index shows...

20.04.2017

Australian Consumer Prices Index is due at 00:45 (GMT+2). The indicator is expected to grow  in quarterly terms to 0.8% in Q1 from 0.4% in the previous quarter. The indicator shows the changes in price of a certain market basket. The growth of the indicator facilitates the growth of AUD,...

19.04.2017

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

19.04.2017

On the 4-hour chart the price has rapidly lowered and reached the minimum from the February around 7105.0. In case of breakdown the lowering can continue, but the correction to the levels of 7183.5 (correction 23.6%) and 7231.7 (correction 38.2%) is possible. The Stochastic, which leaves the oversold area and...

19.04.2017

After active Tuesday the market is generally calm today. In the first half of the day the pairs EUR/USD and GBP/USD decreased but by now have regained a considerable portion of their positions. EUR/USD is trading around 1.0725, and GBP/USD – 1.2850. 

19.04.2017

On Tuesday Brent quotes decreased to the level of 55.00. This happened after the statement by Saudi Arabia Minister of Energy Khalid A. Al-Falih that is was early to consider the possibility of extension of OPEC+ agreement.

19.04.2017

This week the pair has been falling and by now it has decreased to the level of 0.7500. On Tuesday US dollar was influenced by the publication of the recent MoM of Reserve Bank of Australia. Generally, it confirmed the "dovish" trend in the regulator.

19.04.2017

The NZD was growing for a week, so the profit fixing of the long positions were profitable. As a result the NZD/USD pair reversed into the downward correction after the test of the resistance level of 0.7052. 

19.04.2017

During the last week United Technologies Corp. shares grew by 0.70%. S&P500 index increased by 0.58% within the same period.

19.04.2017

During the last week Verizon stocks grew by 1.40% against the growth of the S&P 500 index by 0.58%.

19.04.2017

Yesterday's speech of the UK Prime Minister Theresa May and her statement about early elections viewed by the investors as a positive factor for GBP, as well as the fall of US dollar in view of negative data on the volumes of new housing construction in the USA led to...

19.04.2017

The EUR is trading near the significant resistance level 4/8 Murray or 1.0742. In case of breakout the next target will become at the level of 1.0785. The Forex traders bought the pair due to the not quite positive macroeconomic data. New housing construction indicator considerably fell in March (by 6.8%),...

19.04.2017

Yesterday there were no publications in Switzerland and there will not be any this week. The pair’s dynamics was determined by the USD, which was actively falling yesterday due to the negative Housing Starts Change data publication and the contradiction of these data with the Building Permits Change index, which...

19.04.2017

EU Consumer Price Index is due at 11:00 (GMT+2).  The indicator is expected to grow to 0.8% in March from 0.4% a month earlier on a monthly basis. On YoY basis the indicator is likely to remain unchanged in the level of 1.5%. It is the key indicator of inflation...

19.04.2017

As a result of yesterday's trading USD decreased against the majors except for AUD. Dollar was under pressure of weak macroeconomic statistics from the USA. The number of new housing constructions decreased by 6.8% in March against growth by 3.0% a month earlier. The number of construction permits grew up...

19.04.2017

The price can lower. On the 4-hour chart the upward momentum within the fifth wave 5 of the highest level is forming. Locally the downward correction as a fourth wave iv of 5 as a zigzag, within which the wave (с) is forming, is developing. If the assumption is correct,...

19.04.2017

The “bearish” correction continues. The downward correction as a fourth wave of the highest level iv of 3, within which the zigzag is developing, is forming. Locally the wave (c), within which the formation of the momentum is expected, is developing. If the assumption is correct, the price will lower...

19.04.2017

The upward correction is ending. The third wave of the highest level iii of C is forming. Locally the development the third wave (iii) of the lower level, within which the first entering wave i of (iii) has formed and the upward correction ii of (iii), shaped as a zigzag...

19.04.2017

The trend is downward. The downward momentum within the third wave of the lower level (iii) within the third wave of the highest level is developing. Locally the wave iii of (iii) has ended and the correction iv of (iii) is forming. If the assumption is correct, the pair will...

18.04.2017

Yesterday the EUR/USD pair grew due to the slight weakness of the USD. The European markets were closed due to the Easter holidays, which affected the volatility and liquidity in the morning. The EUR began to grow against the USD, when the USA session opened, and the pair reached the...

18.04.2017

Today USD weakened against the majority of its competitors. In the pair with euro it lost 0.38% (the price reached the level of 1.0685). The reason for the growth of EUR was the results of a poll taken by Opinionway and devoted to the French presidential election scheduled for April...

18.04.2017

New Zealand currency consolidated against USD in the narrowing side range and has been trading in it for a month and a half. In the middle of March after significant fall of the pair NZD managed to gain positions due to decreased demand for the American currency determined by weak...

18.04.2017

On the 4-hour chart the price lowered to the Fibonacci corrections cluster (76.4% for the short term and 38.2% for the middle term trend). In case of the breakdown of this area (4998.0-4991.0) the price can lower to the level of 4950.0 (correction 100.0%). However the beginning of the upward...

18.04.2017

The data on industrial capacities use in the USA are due at 15:15 (GMT+2). The indicator shows the level of use of the country's manufacturing potential (in percentage terms) and reflects the growth of the economy and the level of demand. Values on the level of 85% are optimal and...

18.04.2017

The data on US industrial output in March is due at 15:15 (GMT+2). The index shows the volume of industrial output in the USA, is one of the main indicators of the state of national economy, and has strong influence on the market.  The growth of the indicator strengthens the...

18.04.2017

On H4 chart the price moved from the level of ignificant Fibonacci resistance (correction 0.0%, broadening 61.8%) and reached the middle line of Bollinger Bands at 18.37. Breaking down through this level will lead to further decrease to the levels of 18.15 (match of corrections 23.6% for the short-term and...

18.04.2017

During the last week the Pfizer stocks lowered by 0.29% against the growth of the S&P 500 index by 0.72%.

18.04.2017

After positive trading on Monday when the pound not only reached its targets but continued to gain ground against US dollar, the pair GBP/USD demonstrated a fall in view of the upcoming negotiations on the beginning of Brexit between the British leaders and the representatives of EU. A long process...

18.04.2017

Oil prices are lowering due to the growth of the USA shale oil rig count, which reached the maximum from the April, 2015 at the level of 683 rigs. In addition, in May the USA plans to increase the oil production by 124K barrel per day. 

18.04.2017

The data on the dynamics of construction permit are due at 14:30 (GMT+2). The indicator is expected to grow to 1.245 mln in March from 1.213 mln a month earlier. The indicator shows the number of issued permits for the construction of new houses.  The volumes of construction are closely...

18.04.2017

During the previous week the stock of The Home Depot dropped by 0.12%. S&P500 index went up by 0.72% during the same period.

18.04.2017

Last week the USD was lowering against all the currencies and the raw materials. The USD was also pressed by the USA war actions in Syria and Afghanistan and the USD weak Retail Sales and Consumer Prices data. 

18.04.2017

After the strengthening of Canadian dollar against USD last week leading to the weakening of the pair to it 1.5- months minimum (below the level of 1.3000), yesterday the pair started correction after the publication of the data on the return rate of US treasury bills that was the highest...

18.04.2017

The price can grow. On the 4-hour chart the downward correction as a fourth wave iv of 5 has formed. Locally the first entering wave (i) of v has formed and the correction (ii) of v is ending. If the assumption is correct, the price will grow to the level...

18.04.2017

The correction continues. The price can lower. The downward correction as a wave (ii) of iii is forming. Locally the wave c of (ii), within which the “bearish” momentum is forming, is developing. If the assumption is correct, the price will lower to the level of 39.50. The level of...

18.04.2017

Due to the absence of macroeconomic releases and low trading activity US dollar fell against the majors. Investors used this situation to lock in profits received from long dollar positions.  

18.04.2017

The pair is in correction. The lowering is possible. The upward momentum as an entering first wave (i) has formed. Locally the downward correction (ii), within which the wave а of (ii) is forming, is developing. If the assumption is correct, the pair will lower to the area of 0.9959....

18.04.2017

Downward correction continues. The downward correction as a wave ii of 3 of the highest level is forming. Locally the wave (c) of ii, within which the upward correction iv of (c) has formed and the fifth wave is beginning, is developing. If the assumption is correct, the pair will...

18.04.2017

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

17.04.2017

Today US dollar is weakening in view of growing tension around North Korea. US Vice President Michael Pence who is on a visit to South Korea stated that the patience of the allies was coming to an end, and they could take any measures in case of further provocative actions...

17.04.2017

From the middle of March the JPY is growing against the USD. As the USD, the EUR and GBP are unstable, the investors’ interest towards the JPY is growing. In addition the Japan main economy sectors data are positive, which also supports the JPY. The USA macroeconomic data are controversial,...

17.04.2017

Brent oil price remains under pressure, and today the quotes dropped to the level of 55.50. World oil prices are moving down due to the news about yet another increase of the number of drilling rigs in the USA. 

17.04.2017

Australian dollar continues to slightly gain ground against USD. Currently the rate is 0.7592 and the pair is traded close to the resistance level of 5/8 Murrey. If the price consolidates above it, the next target will be 0.7532.

17.04.2017

During the last week the Wal-Mart stocks grew by 2.41% against the lowering of the S&P 500 index by 1.05%.

17.04.2017

In the last week the stock of General Electric decreased by 1.24%. S&P500 index dropped by 1.05% within the same period. 

17.04.2017

After the significant correction up to 50% Fibonacci the silver price rebounded from the support level of 17.70 and began to grow. The price renewed the half year maximum and crossed the critical level of 18.50, which allows it to grow further.

17.04.2017

During the last week NZD kept growing against USD. US dollar weakened in view of statements by President Trump about the negative impact of strong dollar on US economy as well as uncertain rhetorics of FOMC members about further actions of the regulator. 

17.04.2017

The correction is ending. The growth of the price is possible. On the 4-hour chart the upward trend within the fifth wave 5 of the highest level is forming. Locally the momentum within the third wave of the lower level iii of 5, within which the correction (iv) of iii...

17.04.2017

The price can grow. The upward momentum within the fifth wave 5 of the highest level is forming. Locally the third wave iii of 5, within which the fifth wave (v) of iii of the lower level is forming, is developing. If the assumption is correct, the price will grow...

17.04.2017

The trend is upward. The upward correction of the highest level as a fourth wave 4, within which the wave c of 4 is developing, is forming. Locally the third wave (iii) of c, within which the entering momentum i of (iii) has formed, is developing. If the assumption is...

17.04.2017

The pair will grow within the correction. The fifth wave 5 of the highest level is forming. The first wave i of 5 as a zigzag has formed and the formation of the diagonal triangle within the fifth wave is possible. Locally the upward correction ii of 5 is forming....

17.04.2017

US dollar showed weak dynamics in both direction due to low trading activity on Friday. The data in inflation and retail sales from the USA failed to significantly influence USD. Retail sales continue to show negative dynamics. The indicator grew to -0.2% in March from -0.3% a month earlier. Consumer...

17.04.2017

The data of Chinese industrial output in February are due at 05:00 (GMT+2). It reflects changes in China's industrial output and shows the state of national economy. Moderate growth of the indicator is a positive factor for CNY, and low values weaken the Chinese currency.

17.04.2017

The data on Chinese retail sales in February are due on 05:00 (GMT+2). The index is an indicator of consumer expenditure and demionstrates changes in the volumes of retail sales. The growth of the index is a positive factor for the economy and strengthens CNY. The fall of the index...

14.04.2017

During today's trading the pair GBP/USD continues to consolidate around the level of 1.2500 after growth caused by the fall of US dollar in view of political risks.

14.04.2017

Today due to Easter holidays the market is generally calm and the instruments are trading in narrow lateral ranges. 

14.04.2017

At the beginning of the year Australian currency strengthened significantly against US dollar due to the decrease of investors' interest to the US currency and effective stimulation measures taken by RBA. Within less than 3 months the pair gained 600 points without showing any long downward corrections which may indicate...

14.04.2017

US Consumer Price Index is due at 14:30 (GMT+2). On YoY basis the indicator is expected to drop to 2.6% in March from 2.7% a month earlier. On the monthly basis the indicator will fall to 0.0% in March from 0.1% in February. It is the key indicator of inflation...

14.04.2017

The data on US retail sales are due at 14:30 (GMT+2). The indicator is expected to grow to 0.3% in March from 0.1% a month earlier on the monthly basis. On year-on-year basis, the indicator is expected to drop to 2.6% in March from 2.7% in February. This indicator reflects...

14.04.2017

The decline in the pair is likely to continue.

14.04.2017

Downtrend continues. Locally, the pair is undergoing correction.

14.04.2017

Current week was characterized by the weakening of US dollar. The dynamics of USD was often influenced not by actual macroeconomic inducators, but by political events and the rhetorics of FOMC managers and President Trump.

14.04.2017

Downward correction continues. Assumingly, an upward impulse in the third wave 3 of the higher level continues forming. Locally, a downward correction in wave iv of 3 shaped as a zigzag seems to be forming, within which wave (c) of iv is developing. If the assumption is correct, the price...

14.04.2017

Fall continues. Assumingly, an upward impulse in the third wave 3 of the higher level continues forming. Locally, a downward correction in the fourth wave iv of 3 seems to be developing, within which an (a)(b)(c) zigzag is forming. If the assumption is correct, the price will continue falling towards...

14.04.2017

Fall possibility remains. Assumingly, the third wave iii of C of the higher level continues forming. Locally, the third wave (iii) of the lower level seems to have started, within which the first wave i of (iii) has formed and a correction in wave ii of (iii) is finishing. If...

14.04.2017

Downward trend is strong. Assumingly, the third wave iii 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 pair is expected to continue falling towards the level of 108.00. Critical for...

14.04.2017

Current week was characterized by little trust in US dollar and strengthening of commodity assets, including petrochemicals that are the most politically dependent. 

14.04.2017

The US Dollar showed mixed dynamics during yesterday’s trading session. Today the European banks are closed due to celebration of Good Friday. Market volatility is expected to remain low. Metals and oil are not traded until 17.04.2017.

14.04.2017

European currency failed to consolidate above the level of 1.0681 and to change the downward trend. The sales of EUR were supported by positive economic data from the USA.

14.04.2017

The data on Japanese industrial output is due at 06:30 (GMT+2). The index reflects changes in Japan's industrial output and shows the state of national economy.  The growth of the indicator leads to the increase of the national currency, and its reduction weakens yen.

13.04.2017

Today US dollar is strengthening against euro and British pound. On Wednesday in an interview to Wall Street Journal US President Donald Trump expressed worries about too strong dollar and supported the preservation of low interest rates causing considerable weakening of the American currency. 

13.04.2017

USCrude has been trading within a narrow ascending channel for 13 trading days almost without corrections. The main catalyst for this trend is a sharp drop of the US currency, while investors prefer to invest in metals, raw materials and safe haven pairs.

13.04.2017

On the daily chart, the instrument is trading in the lower Bollinger band. The price remains above the EMA65, EMA130 and SMA200 that are directed up. The RSI is falling having failed its longer MA. The Composite is testing its longer MA from above. 

13.04.2017

During yesterday's trading USD/CAD managed to leave the upward channel, and the pair came close to the level of 1.3200. 

13.04.2017

The pair has been trading in a narrow downward channel for almost three weeks, but broke through its upper border on Wednesday and reached the middle line of Bollinger Bands at the level of 0.7000. 

13.04.2017

During the last week the stock of Caterpillar grew by 0.66%. S&P500 index went down by 0.38% during the same period. 

13.04.2017

In the previous week DuPont stock decreased by 2.49%. S&P500 index went down by 0.38% during the same period. 

13.04.2017

On the H4 chart the price reached the highest values since last November. Now the price is at the level of expansion 61.8% (18.50) and in the medium term may increase to 19.57 (expansion 100.0%). However, the location of Stochastic in the oversold zone indicates a possibility of correction to...

13.04.2017

Initial Jobless Claims are due at 14:30 (GMT+2). The value is expected to grow to 245K a week against 234K in the previous week. This indicator shows the amount of new initial jobless claims, is published weekly on Thursdays and gives a perspective of the Nonfarm Payrolls indicator. The reduction...

13.04.2017

The main factor that has been influencing the situation in the market recently has been geopolitical tension caused by the US missile strike in Syria and nuclear testing in North Korea.

13.04.2017

After the beginning of the Brexit procedure GBP had unusual dynamics. Since the beginning of this week the British currency has been strengthening. Investors were waiting for the publication of important consumer and manufacturer prices indexes that were released yesterday and appeared to be better than outlook. 

13.04.2017

US dollar fell against the majors at the end of Wednesday. The biggest decrease happened in the end of the trading session. The dollar was under pressure after the US President claimed that in his opinion USD was becoming too strong. Trump also mentioned that he believed it healthy for...

13.04.2017

Growth is expected. Assumingly, an upward impulse in the fifth wave 5 of the higher level continues developing. Locally, a downward correction in the fourth wave (iv) of the lower level seems to have finished and if the assumption is correct, the price is expected to resume its growth towards...

13.04.2017

Upward trend is strong. Assumingly, the third wave 3 of the higher level continues forming, within which the first wave i of 3 shaped as an impulse is developing. Locally, the third wave (iii) of i of the lower level seems to be forming and if the assumption is correct,...

13.04.2017

Pair is in correction. Assumingly, an upward impulse in the first wave (i) has finished. Locally, a downward correction (ii) seems to be forming, within which wave c of (ii) is developing. If the assumption is correct, the pair is expected to continue falling towards the level of 0.9959. Critical...

13.04.2017

Downward correction continues. Assumingly, a downward correction in wave ii of 3 of the higher level continues forming. Locally, wave (c) of ii seems to be developing, within which the third wave iii of (c) has finished and a correction in wave iv of (c) is forming. If the assumption...

13.04.2017

During the current week yen, like the majority of other assets, has been strengthening against US dollar. Investors sell USD and try to find a safe haven in other assets. 

13.04.2017

German Consumer Prices Index is due at 08:00 (GMT+2). In the monthly and YoY terms the indicator is expected to remain unchanged in March on the level of 0.2% and 1.6% respectively. The index shows the changes in household commodity and service prices and is considered the main inflation indicator....

13.04.2017

The data on the employment rate in Australia is due at 03:30 (GMT+2). The indicator is expected to make up 20K in March against -6.4K a month earlier. The index shows the number of recently employed Australian citizens. The growth of its value strengthens AUD, and reduction weakens it.

13.04.2017

New Zealand Manufacturing PMI for April is due at 00:30 (GMT+2). The index is based on polls taken among procurement and supply managers in order to assess the current economic situation and the prospects of its development. Values over 50 reflect positive comments of the majority of the respondents an...

12.04.2017

On the H4 chart the price broke through the level of 1.3327 (correction aggregation area 23.6% for short-term and 38.2% for long-term trends) opening the way for further decrease to the March minimum o 1.3263 (correction 0.0%). The fall is confirmed by Stochastic that has turned downwards. In case the...

12.04.2017

Today, the US dollar is trading in different directions against its main competitors. The EUR/USD pair is trading in the range of 1.0595-1.0620 and is currently retesting its lower border.

12.04.2017

New Zealand dollar continues to decrease against the US currency within the limits of the narrow downward channel. 

12.04.2017

Bank of Canada Decision on the Interest Rate is due at 16:00 (GMT+2). The indicator is expected to remain unchanged on the level of 0.5%. The index shows the influence on interest rates of commercial banks and the exchange rate of the Canadian currency. The increase of the interest rate...

12.04.2017

This week Brent quotes continued to grow and by now have reached the level of 56.65. The atmosphere in the market is positive for investors. General aggravation of the situation in the Middle East, considerable reduction of oil production volumes by Saudi Arabia in March (according to Bloomberg, by 111,000...

12.04.2017

Dow Jones continues to trade in the wide range with the upper border at 20748.9 and the lower one at 20514.4. Currently the index is trying to consolidate above the resistance level of Murrey 5/8 or 20703.0.

12.04.2017

During the previous week the stock of Procter & Gamble dropped by 0.12%. S&P500 index went down by 0.01% during the same period. 

12.04.2017

During the previous week 3M Company shares dropped by 0.06%. S&P500 index went down by 0.01% during the same period. 

12.04.2017

Gold quotes are traditionally moving upwards along with the growing of geopolitical tension in the world. After the news that the USA plan a tough response to the actions of North Korea, the prices of the metal grew by 1.49% on Tuesday.

12.04.2017

On Tuesday the pair USD/JPY showed rapid downward movement and broke through the level of 110.00. Due to the absence of important macroeconomic releases world geopolitical events gained utmost importance causing market volatility and influencing the investors. 

12.04.2017

Price is in correction. Fall possibility remains. Assumingly, an upward impulse in the third wave iii of 3 of the higher level continues forming. Locally, a downward correction in the fourth wave iv of 3 seems to be developing, within which wave (b) has finished and wave (c) is developing....

12.04.2017

Downward correction continues. Assumingly, an upward impulse in the fifth wave 5 of the higher level continues forming. Locally, a downward correction in the fourth wave iv of 5 seems to be developing, within which an (a)(b)(c) zigzag is forming. If the assumption is correct, the price is expected to...

12.04.2017

Growth is expected to continue. Assumingly, an upward correction of the higher level in the fourth wave 4 continues forming, within which wave c of 4 is developing. Locally, the third wave (iii) of c seems to be forming and if the assumption is correct, pair’s growth will continue towards...

12.04.2017

Downward trend is strong. Assumingly, the fifth wave 5 of the higher level continues forming. At present, a downward impulse in wave i of 5 seems to be developing, within which the pair is expected to fall to the level of 1.0550. Critical for this scenario is the level of...

12.04.2017

During the previous week the pair has been falling due to ambiguous data from Australia and in the beginning of this week it updated its 3-months minimum. 

12.04.2017

Last week was relatively calm for CHF: the only important releases were Swiss Consumer Price Index and unemployment data. The information was positive but the currency failed to actively react to it. 

12.04.2017

The US Dollar fell against most of the major currencies on Tuesday.  The EUR/USD pair rose by 0.09% and consolidated above the level of 1.0600. The European currency was supported by positive data on the ZEW Survey indices from Germany and the eurozone.

12.04.2017

The data on the UK jobless claims is due at 10:30 (GMT+2). The indicator is expected to make up -3K in March against -11.3K a month earlier. The indicator shows the amount of British citizens not having a job. High values of the indicator weaken GBP, and low ones strengthen...

12.04.2017

The statement of the Bank of England head Mark Carney who is also a chairman of the fiscal policy committee is due at 10:00 (GMT+2). Carney will make comments on the current economic situation in the country.

12.04.2017

Chinese Consumer Price Index is due at 02:30 (GMT+2). On YoY basis the indicator is expected to grow to 1.0% in March from 0.8% a month earlier. The index shows the changes in household commodity and service prices and is considered the main inflation indicator. Moderate growth of the indicator...

11.04.2017

On H4 chart the price is at the level of aggregation of Fibonacci corrections (38.2% and 23.6%) and is testing the middle line of Bollinger Bands at the level of 12195.5. If it is broken down, the growth may continue to the marks of 12258.0 (correction 23.6%) and 12360.0 (year...

11.04.2017

Today, the US dollar is trading in different directions against its main competitors. Against the euro, the dollar fell by 0.26%, EUR/USD rose to 1.0620. Growth was the result of positive April data on the ZEW business activity index in Germany and in Eurozone (the figure for Germany increased from...

11.04.2017

On the daily chart, the pair is trading in the upper Bollinger band. The price remains above its moving averages that are horizontal. The RSI is testing its last month resistance. The Composite turned down. 

11.04.2017

Although the European currency remains in the upward channel against US dollar, the downward trend remains. After considerable growth of EUR against USD in March the pair radically changed its direction and has been trading in the downward tendency for the last two weeks. 

11.04.2017

AUD/USD corrected to the middle line of Bollinger Bands (0.7513) after breaking through the lower line (0.7474). Due to the absence of macroeconomic releases today is characterized by low trading activity and rate consolidation. Technical indicators show that the market is relatively calm. 

11.04.2017

The pair started the week by growing to 1.2420 (the middle line of Bollinger Bands, Fibo correction 38.2%) but failed to break through it. The American currency was supported by yesterday's statement by FOMC head Janet Yellen who characterized the state of the US economy as healthy. 

11.04.2017

According to the recent research of NPD Group, Wal-Mart holds the first place in the Checkout Penetration Index showing the number of US customers buying goods at every store or restaurant. Wal-Mart received the 95% index. McDonald’s is in the first place with 89%, and Target holds the third position...

11.04.2017

During the previous week the stock of  ExxonMobil grew by 1.29%. S&P500 lost  0.05% within the same  period of time.

11.04.2017

The data on EU industrial output is due at 12:00 (GMT+2). The indicator is expected to grow to 2.0% in February from 0.6% a month earlier on YoY basis. In monthly terms the indicator is expected to drop to 0.1% in February from 0.9% a month earlier. The indicator shows...

11.04.2017

The price of WTI crude oil continues growing, currently trading near the level of 53.28. The instrument is substantially supported by rising tensions between Russia and the United States after the US launched a missile strike on the Syrian air base. 

11.04.2017

Last week, like two weeks before that, NZD fell against USD. There were no important releases from New Zealand except for slight reduction in the dairy products index growth rate. US dollar kept growing, sometimes ignoring negative data (e.g. labor market information published last Friday) with the support of a...

11.04.2017

After reaching the level of 18.50 silver remained in the downward correction for the whole previous week, but today the growth resumed. Recent geopolitical risks made investors pay attention to precious metals. During five weeks silver price tested the important level of 18.50 twice, but in vain. The reaction of...

11.04.2017

ZEW Institute Business Circles Climate Index is due at 11:00 (GMT+2). The indicator is expected to grow to 13.3 points in April against 12.8 points in the previous month. The indicator is calculated by the Economic Studies Center (ZEW) on the basis of poll o the leading European financial expert...

11.04.2017

Correction continues. Fall possibility remains. Assumingly, a downward correction in wave (ii) of iii continues forming. Locally, wave c of (ii) seems to be developing, within which a Bearish impulse is forming. If the assumption is correct, the price is expected to continue falling towards the level of 39.50. Critical...

11.04.2017

Growth possibility remains. Assumingly, a downward correction in the fourth wave iv of 5 has finished. Locally, the first wave (i) of v seems to have finished and if the assumption is correct, the price is expected to continue growing towards the levels of 38.42, 39.00. Critical for this scenario...

11.04.2017

Fall possibility remains. Assumingly, the third wave iii of C of the higher level continues forming, within which the first wave (i) shaped as an impulse has formed. Locally, an upward correction in wave (ii) seems to have finished and the third wave (iii) has stated developing. If the assumption...

11.04.2017

Downward trend is strong. Assumingly, the third wave iii of the higher level continues forming. Locally, the third wave (iii) of iii of the lower level seems to be developing and if the assumption is correct, the pair is expected to continue falling towards the level of 109.00. Critical for...

11.04.2017

UK Consumer Prices Index is due at 10:30 (GMT+2). It is expected that on YoY basis, the indicator will remain unchanged at the level of 2.3% in March. In monthly terms Consumer Price Index is one of the key indicators that characterizes the level of inflation and demonstrates the changes...

11.04.2017

As a result of Monday trading US dollar fell against its main competitors. The statement by FOMC head Janet Yellen contained no new information and therefore had no impact on USD. Due to the absence of important macroeconomic releases the trading activity was low.

10.04.2017

Today US dollar traded in both directions against its main competitors. Currently the market is under the influence of external political factors: the investors are waiting for the development of the situation around Syria and North Korea. From the economic point of view the American currency has prerequisites for growth...

10.04.2017

On the daily chart, the pair is trading on the lower line of Bollinger Bands. The price remains below its moving averages that are directed down. The RSI is slowly approaching the border of the oversold zone. The Composite is falling as well. 

10.04.2017

The GBP against the dollar is still consolidating in a wide sideways range. In early April, the pair is slowly declining due to the growth of demand for the US currency. There’s a change in market sentiment, investors are more willing to buy the US dollar than other major currencies. 

10.04.2017

US dollar continues to grow against euro. EUR/USD closed Friday on the level of 1.0580 despite a weaker nonfarms payroll report than it was expected: 98K workplaces instead of 180K. However, the American currency managed to hold its positions due to stronger statistics on the unemployment rate that made up...

10.04.2017

During last week, Verizon shares decreased by 1.01%. S&P500 index increased by 0.17% within the same period.

10.04.2017

During the last week the price of the pair USD/JPY did not chnge much. The pair dropped to the level of 110.00, but closed at 111.09.

10.04.2017

United Technologies Corp. is to report on Q1 2017 on Wednesday, April 26, before the opening of the market. 

10.04.2017

The data on the started housing construction projects in Canada is due at 14:15 (GMT+2). The index is prepared by the Canadian Mortgage Construction Corporation and shows the volume of started one-family housing construction. The volumes of construction are closely connected with the income of the population. That is why...

10.04.2017

After growing on Friday morning in view of news about the US missile strike at a governmental air base in Syria, gold quotes dropped down under the influence of ambiguous labor market statistics from the USA. According to the release, the nonfarm payrolls number reduced to 98K in March against...

10.04.2017

Growth possibility remains. Assumingly, an upward impulse in the fifth wave 5 of the higher level continues forming. Locally, the third wave iii of 5 seems to be developing, within which the fifth wave (v) of iii of the lower level is forming. If the assumption is correct, the price...

10.04.2017

Upward trend is strong. Assumingly, the fifth wave 5 of the higher level in the upward trend continues forming. Locally, an impulse if the third wave iii of 5 of the lower level seems to be developing. If the assumption is correct, after correction (iv) of iii ends the price...

10.04.2017

Upward trend is strong. Assumingly, a downward correction in wave 2 of the higher level that presently took shape of a zigzag has finished. Locally, an upward impulse in the first wave i of 3 seems to be forming, within which the third wave (iii) is developing. If the assumption...

10.04.2017

Downward correction continues. Assumingly, a downward correction in wave ii of 3 of the higher level continues developing. Locally, wave (c) of ii seems to be forming within which an impulse is developing. If the assumption is correct, the pair is expected to continue falling towards the level of 0.7372....

10.04.2017

In the end of last week, there was released a lot of important data for both the American and Canadian currencies. In the US, a fall in the Unemployment Rate coincided with weak statistics on the Nonfarm Payrolls. Canadian data showed an increase in the Employment Change and in the...

10.04.2017

During the previous week oil market was growing in reaction to international political and economic events: US attack on Syria, meeting between Trump and Chinese governmental authorities, and depletion of oil reserves according to the US Department of Energy. 

10.04.2017

As a result of Friday trading US dollar grew against the majors. Generally, the market ignored weak data on nonfarm payrolls and average salaries from the USA and focused on positive releases, such as unexpected decrease of the unemployment rate to 4.5% in March (the lowest value since May 2007)...

10.04.2017

Information about Australian mortgage loans in February is due at 03:30 (GMT+2). The index shows the number of new granted mortgage loans and is one of the main real estate market indicators. The growth of its value strengthens AUD, and reduction weakens it.

07.04.2017

07.04.2017

The pair is likely to decline within correction.

07.04.2017

Friday turned out to be unlucky for the US dollar paired with the Canadian dollar. The US missile strike on the Syrian airfield Shayrat led to a sharp increase in oil prices and to the strengthening of the Canadian currency. 

07.04.2017

During the current trading week JPY greadually regained its March losses acting as a safe harbor currency. Information about the strikes of the American Coalition at Syrian army facilities was published today.

07.04.2017

Today US dollar is strengthening against the majority of its main competitors. Morning fall connected with a US missile strike at the Syrian Shayrat air base has been compensated by now. Generally, the market is waiting for March US labour market releases. Investors expect the values to be positive because...

07.04.2017

During the previous week the shares of Facebook dropped by 0.87%. S&P500 lost 0.47% in the same period of time.

07.04.2017

American stock indices including Nasdaq are traded with a slight decrease. At the moment the price is 5408.7. Market participants are waiting for UN comments on the actions of US troops in Syria. Russia in response has decided to suspend the memorandum of safety in Syria, which had previously been...

07.04.2017

On the H4 chart the price continues its 2-weeks growth. On Thursday it tested the level of 52.96 (correlation 76.4%) but failed to consolidate above it. However in this case the quotes may break through the opposing downward fan and rise to the area of February maximums (54.80). One may...

07.04.2017

The NZD/USD is moving within a narrow descending channel. Today, the rate is consolidating around the midline of the Bollinger Bands (0.6970) prior to the publication of data on the labor market in the United States (14:30 GMT+2). It is projected that the number of jobs outside agriculture will be...

07.04.2017

Canadian unemployment rate is due at 14:30 (GMT+2). The indicator is expected to grow to 6.7% in March from 6.6% a month earlier. The indicator is published by the Canadian Statistics Service and shows the share of the unemployed among the total number of employable Canadian citizens. The growth of...

07.04.2017

The value of nonfarm payrolls is due at 14:30 (GMT+2). The indicator is expected to reduce to 180 thousand in March against 235 thousand a month earlier. This is one of the main employment indexes in the USA showing the number of employees outside the farming industry. The index has...

07.04.2017

In the last week the stock of Cisco dropped by 1.10%. S&P500 lost 0.47% in the same period.

07.04.2017

This week gold has been consolidating in the range of 1250.00-1260.00. It set a new 5-weeks maximum, and this night also a new 6-months one. Gold is supported by negative data from the USA, namely yesterday's information on the labour market, as well as the negative reaction of the investors...

07.04.2017

07.04.2017

This morning markets were shaken by the news that the US carried out a missile attack against a Syrian air base, which is used by the government troops. The missile launch was the reaction to a presumed chemical weapon attack on the town of Khan Sheikhoun, which is blamed on...

07.04.2017

The fall of the Australian dollar that started last week was caused by important Australian economic indicators such as Manufacturing PMI and retail sales volume that appeared to be worse than forecast.

07.04.2017

As a result of yesterday's trading US dollar grew against the majority of its competitors. USD was supported by positive data on the reduction of initial jobless claims to 234 thousand from 259 thousand a week earlier. The main event of the day will be the publication of nonfarm payrolls...

07.04.2017

Growth possibility remains. Assumingly, an upward impulse in the third wave 3 of the higher level continues forming. Locally, a downward correction in wave iv of 3 seems to have finished and if the assumption is correct, the price is expected to continue growing towards the level of 191.40. Critical...

07.04.2017

Upward trend is strong. Assumingly, an upward impulse in the third wave 3 of the higher level continues forming. Locally, a downward correction in the fourth wave iv of 3 seems to have finished and the fifth wave v of 3 has started, within which the first and the second...

07.04.2017

Growth is expected to continue. Assumingly, an upward correction of the higher level in the fourth wave 4 continues forming, within which wave c of 4 is developing. Locally, the third wave (iii) of c seems to be forming and if the assumption is correct, pair’s growth will continue towards...

07.04.2017

Downward trend is strong. Assumingly, the fifth wave 5 of the higher level continues forming. At present, a starting impulse (i) of the lower level seems to have formed and a local correction in wave (ii) that is taking shape of an irregular flat is developing. If the assumption is...

07.04.2017

The data on the processing industry output is due at 10:30 (GMT+2). The indicator is expected to grow to 0.3% in February from -0.9% a month earlier. The indicator shows the value of the UK production output and is one of the main indexes illustrating the state of the national...

07.04.2017

The data on the German industrial output is due at 08:00 (GMT+2). The indicator is expected to drop to -0.2% in February against 2.8% a month eralier. The index shows the volume of output in the German manufacturing sector and is considered one of the main indicators of the state...

07.04.2017

The data on the unemployment rate in Switzerland is due at 07:45 (GMT+2). The value is expected to drop to 3.4% in March from 3.6% a month earlier. The indicator shows the share of the unemployed among the total number of employable Swiss citizens. The growth of the value indicates...

06.04.2017

Today US dollar has mixed dynamics against its main competitors. During the day the pair EUR/USD was influenced by the statements of ECB representatives. ECB President Mario Draghi stated that inflation had failed to demostrate stable growth therefore there were no sufficient reasons for changing the current monetary policy.

06.04.2017

The NZD/USD pair has been trading within the narrowing sideways range for the past 5 months. It is worth noting that RBNZ keeps the interest rate low which in future will put pressure on the New Zealand currency.

06.04.2017

The beginning of upward movement is possible. On H4 chart the pair is trading at the level of 1.0033 (correction 61.8%). If the price breaks through it and consolidates below the middle line of Bollinger Bands, the downward trend may continue to the levels of 0.9990 (correction 50.0%) and 0.9948...

06.04.2017

In the morning trading session AUD/USD fell to the level of 0.7530. "Aussie" is under pressure due to the upcoming meeting between the US president and China president. Market participants fear that Trump will threaten to weaken trade ties between the countries, thereby putting pressure on Beijing to take more...

06.04.2017

This week the pair has been growing: US dollar consolidated using the aggravation of tension between Turkey and the EU and positive statistics. ADP data on nonfarm payroll was published on Wednesday. 

06.04.2017

Initial Jobless Claims are due at 14:30 (GMT+2). The value is expected to reduce to 250K a week against 258K in the previous week. This indicator shows the amount of new initial jobless claims, is published weekly on Thursdays, and gives a perspective of the NonFarm Payrolls indicator. Decreasing the...

06.04.2017

In the previous week Pfizer stock dropped by 0.41%. S&P500 lost 0.71% in the same period.

06.04.2017

During the last week Johnson & Johnson shares dropped by 0.10%. S&P500 lost 0.71% in the same period of time.

06.04.2017

Information about ECB Meeting on Monetary Policy is due at 13:30 (GMT+2). MoM ECB contains a review of the current economic situation, comments on decisions made in the sphere of monetary policy, as well as macroeconomic and inflation outlooks.

06.04.2017

Oil quotes dropped on Wednesday after the official data published by the US Department of Energy indicated undexpected growth of stock. According to the release, the stock grew by 1.6 mln barrels within a week, while the expected result was decrease by 435K barrels.

06.04.2017

Euro is trading near the resistance level of 1/8 Murrey or 1.0681. The level of support is 1.0636. EUR remains under pressure, and one of the reasons for it is positive statistics from the USA. According to an ADP report on the employment rate in the country, the indicator rose...

06.04.2017

After the beginning of the Brexit procedure last week the pound, contrary to the opinions of analysts, showed positive dynamics. In the beginning of the current week in view of negative data from the UK (Construction and Manufacturing PMI) the pair dropped by almost 130 points.

06.04.2017

The US Dollar showed mixed trade against its major rivals yesterday. Prior to a publication of the FOMC Minutes, the Dollar was growing but as soon as the Minutes were released, it sharply fell. 

06.04.2017

After two weeks of active growth silver is being corrected this week. This is partially due to the growing US dollar that is supported by positive news from the USA, namely trading balance data, Gradual Inflation Build-Up Index, and labour market information. 

06.04.2017

Growth is expected. Assumingly, an upward impulse in the fifth wave 5 of the higher level continues developing. Locally, a downward correction in the fourth wave (iv) of the lower level seems to have finished and if the assumption is correct, the price is expected to resume its growth towards...

06.04.2017

Upward trend is strong. Assumingly, the third wave 3 of the higher level continues forming, within which the first wave i of 3 shaped as an impulse is developing. Locally, the third wave of the lower level (iii) of i seems to be forming and if the assumption is correct,...

06.04.2017

Pair’s fall is expected. Assumingly, the third wave iii of C of the higher level continues forming, within which the first wave (i) shaped as an impulse has finished. Locally, an upward correction in wave (ii) seems to be finishing and if the assumption is correct, the pair is expected...

06.04.2017

Pair is in correction. Assumingly, the third wave iii of the higher level continues forming. Locally, a downward impulse in wave (i) of iii seems to have formed and an upward correction (ii) of iii is developing. If the assumption is correct, the pair is expected to continue growing towards...

06.04.2017

Swiss Consumer Prices Index is due at 09:15 (GMT+2). The indicator is expected to drop to 0.5% in March from 0.6% a month earlier. The index is one of the key indicators that characterizes the level of inflation and demonstrates the changes in household commodity and service prices. The growth...

06.04.2017

Caixin Services PMI is due at 03:45 (GMT+2). The indicator is expected to grow to 53.2 points 53.2 points from 52.6 points a month earlier. The indicator evaluates the economic situation in the services sector and is based on a poll taken among the managers of Chinese companies to estimate current...

06.04.2017

A statement by Reserve Bank of Australia head Guy Debelle is due at 00:40 (GMT+2). Debelle is also the Deputy Chairman of the Council of Reserve Bank and the Chairman of the Risk Management Committee. Moreover, he is in charge of control over the Bank's operations in the internal and...

05.04.2017

Minutes of the meeting of FOMC Open Markets Committee is due at 20:00 (GMT+2). The document will be prepared by the managing board of FOMC and will contain the assessment of the economic situation in the USA. The document will also determine further fiscal policy. 

05.04.2017

On Tuesday Brent oil quotes grew rapidly. The main reason for their strengthening was the publication of a weekly report by the American Petroleum Institute (API) stating that the US oil stock reduced by unprecedented 1.83 million barrels. Today the market is waiting for this information to be confirmed by...

05.04.2017

During yesterday's trading weak US dollar helped gold reach maximum values from February 2017. The uncertainty caused by the upcoming meeting of US and PRC leaders made investors move to "safe havens", one of which is traditionally gold. However, "bulls" failed to consolidate near the level of 1261.00 or above...

05.04.2017

Today US dollar has mixed dynamics, but generally the market is calm as the investors wait for the meeting between the US President Donald Trump and the PRC Chairman Xi Jinping. The representatives of the White House already claimed that numerous issued accumulated between the USA and China would not...

05.04.2017

The pair is in the stage of sideways consolidation due to the growth of the US currency on the eve of the publication of the FOMC protocol and the speech of the main members of the US Federal Reserve. 

05.04.2017

Nikkei index started the week by a fall aftet the publication of weak data on Tankan index covering business activities of major Japanese manufacturers. In Q1 2017 the index dropped below the forecast level and amounted to 12 points. In view of this news the quotes decreased to the level...

05.04.2017

Markit Services PMI is due at 15:45 (GMT+2). The indicator is expected to grow to 53.1 points in March from 52.9 points in February. The index is built upon polls of managers working in services sector to estimate current economic situation in this sector. Values above 50 are perceived as...

05.04.2017

In the previous week DuPont stock decreased by 2.49%. S&P500 dropped by 0.28% within the same period.

05.04.2017

The quotes of Caterpillar grew by over 2% as a result of yesterday's trading session in view of positive recommendations on its stocks published by Goldman Sachs and a prospect of implementation of the national infrastructure modernization plan by the presidential administration in the near future. 

05.04.2017

From the beginning of this week the pair EUR/USD has been consolidating in the narrow range of 1.0630-1.0680 and showed almost no reaction to macroeconomic releases from both sides. The main yesterday's news was unexpected dismissal of FRB Richmond President Lacker who admitted disclosing confidential information about a FOMC 2012...

05.04.2017

ADP Employment Change Report is due today at 14:15 GMT+2. The value is expected to reduce to 187K in March against 298K a month earlier. The index shows the level of employment in nonfarming sectors and is formed on the basis of the data received from about 500 thousand US...

05.04.2017

GBP/USD is growing today in view of increased Services PMI in the UK. The value of the indicator reached 55 points which is 1.5 points higher than the outlook. 

05.04.2017

In the end of last week, the Canadian Dollar strengthened after a publication of strong data on the GDP for January in Canada that came out significantly better than the forecasts. In addition, oil prices growth that started last week also provides substantial support to the Canadian Dollar.

05.04.2017

Current week is not rich in news from New Zealand, but two yesterday's releases may impact the dynamics of its currency. These are Business Trust Index that showed its worst result in six months and a weekly index of dairy products that dropped in comparison with the previous week. 

05.04.2017

Upward trend is strong. Assumingly, an upward impulse in the fifth wave 5 of the higher level continues forming. Locally, a downward correction in the fourth wave iv of 5 that took shape of an (a)(b)(c) zigzag  seems to have finished and a starting impulse of the lower level (i)...

05.04.2017

Price is in correction. Growth is expected. Assumingly, an upward impulse in the third wave iii of 3 of the higher level has formed. Locally, a downward correction in the fourth wave iv of 3 seems to be developing, within which wave (a) has finished. If the assumption is correct,...

05.04.2017

Due to the absence of important macroeconomic releases yesterday the quotesof the major currency showed no active dynamics. Today the market is waiting for the publication of ADP Employment Change (14:15, GMT+2) and Markit Services PMI (15:45, GMT+2).  

05.04.2017

Correctional fall is expected. Assumingly, a downward correction in wave 2 of the higher level shaped as a zigzag has formed. Locally, an upward impulse in the first wave (i) within the third wave of the higher level seems have formed. If the assumption is correct, in the short-term a...

05.04.2017

Correction is finishing. Pair’s growth is expected. Assumingly, the third wave iii of 3 of the higher level continues forming. Locally, an upward impulse in the first wave (i) of iii seems to have formed and a downward correction (ii) shaped as a zigzag is nearing its end. If the...

05.04.2017

Services PMI is due at 10:30 (GMT+2). The indicator is expected to grow to 53.5 points in March from 53.3 points month earlier. The indicator shows economic conditions in services sector and is built upon polls of company leaders working in this sector. Values above 50 are perceived as a...

05.04.2017

Markit Services PMI is due at 10:00 (GMT+2). The indicator is expected to remain unchanged on the levle of 56.5 points in March. The index shows economic conditions in services sector, and prospects for further development. Values above 50 are perceived as a positive signal and strengthen EUR. Values below...

04.04.2017

Today, the US dollar continues its attempts to strengthen against the majority of its competitors. USD gained 0.31% in the EUR/USD pair, reaching the level of 1.0635. The positive data on retail sales did not help the European currency (an increase of 1.8% in annual terms and 0.7% in monthly...

04.04.2017

After the growth of USD in the end of March the pair lost over 200 points in two trading weeks. In the beginning of April this tendency remained due to increased investors' demand. Investors actively buy USD waiting for strict measures of the American regulator.

04.04.2017

The data on US production orders is due at 16:00 (GMT+2). The indicator is expected to drop to 1.0% in February from 1.2% a month earlier. The index shows changes in the volumes of orders in the production sector and allows one to assess the growth rate in the production...

04.04.2017

Downward movement may continue On the four-hour chart the price is around 12258.0 (correction 23.6%), trying to break it up. However, the upward movement to the levels of 12360.0 and 12385.0 would happen only after the consolidation of the price above the middle line of the Bollinger Bands (12275.0). Otherwise,...

04.04.2017

Brent oil is trading aroung the resistance level of 8/8 Murrey or 53.12 on the H1 chart. If the price consolidates over it, the next target will be 53.50. The support level is at 7/8 or 52.73.

04.04.2017

In the previous week the stock of Bank of America grew by 2.43%. S&P500 index decreased by 0.37% within the same period. 

04.04.2017

In the previous week the stock of 3M Company grew by 0.15%. S&P500 index decreased by 0.37% within the same period. 

04.04.2017

On the daily chart, the pair is trading just above the middle MA of Bollinger Bands. The price remains on the level with its moving averages that are horizontal. The RSI is trying to turn down slightly below its last month resistance. The Composite is trying to turn down as...

04.04.2017

Yesterday US dollar strengthened against CAD due to the publication of strong statistics from the USA. The main stimulus for the growth of the pair was the release of Gradual Inflation Build-Up Index data showing that the indicator grew from 68 to 70.5 points while the economists expected it to...

04.04.2017

The data on EU retail sales is due at 12:00 (GMT+2). The indicator is expected to grow to 0.5% in February from -0.1% a month earlier. The indicator shows changes in the volumes of sales in the retail sector and is a major index of consumer expenditure. High values lead...

04.04.2017

On D1 chart the pair was corrected to the upper Bollinger Band and demonstrates side movement within a narrow corridor. The possibility of continuing growth in the medium term remains. MACD histogram is in the positive area and gradually increases its volumes. Signal line crosses the zero mark upwards  which...

04.04.2017

Last week the dynamics of the pair was mainly determined by US dollar. The growth of USD was influenced rather by the rhetorics of FOMC members than be actual fundamental values. As a result, the pair USD/JPY reached the zone of 112.00-112.10. 

04.04.2017

The US Dollar did not show a single direction trade against its major rivals as yesterday’s data from the US came out mixed. The Markit Manufacturing PMI for March fell to 53.3 points, down from 53.4 points a month earlier. The ISM Manufacturing PMI declined from 57.7 points to 57.2...

04.04.2017

No important economic reports from New Zealand are scheduled for this week, and none were published during the previous week as well. This must be the reason for side movement of the pair in the narrow range between the levels of 0.7050 and 0.6990.

04.04.2017

Correction ended. Growth is expected to continue. Assumingly, a downward correction in the fourth wave iv of 5 has finished. Locally, the first wave (i) of v seems to be developing and if the assumption is correct, the price is expected to continue growing towards the levels of 38.42, 39.00....

04.04.2017

Correction continues. Fall possibility remains. Assumingly, a downward correction in wave (ii) of iii continues forming. Locally, wave b of (ii) seems to have finished and wave c of (ii) has started, within which a small starting impulse has formed. If the assumption is correct, the price is expected to...

04.04.2017

Price is in correction. Fall possibility remains. Assumingly, wave c of 4 in an upward correction of the higher level continues forming. Locally, wave (i) of c seems to have finished and a downward correction in wave (ii) is developing, in which the pair is expected to fall in wave...

04.04.2017

Correctional growth is expected. Assumingly, an upward correction in the fourth wave 4 of the higher level has finished. Locally, the fifth wave 5 seems to have started, within which a starting impulse (i) of the lower level has formed. If the assumption is correct, a correctional growth towards the...

04.04.2017

PMI Business Activity in Construction Sector is due at 10:30 (GMT+2). The indicator is expected to grow to 52.6 points in March from 52.5 points a month earlier. The index shows the state of the construction sector and is built upon polls of managers of major UK construction companies to...

04.04.2017

The decision of RBA on interest rate is due at 06:30 (GMT+2).  The rate is expected to remain unchanged on the level of 1.50%. RBA makes the decision based on current economic situation and inflation level. The growth of the indicator strengthens AUD, and if the rate remains unchanged or...

04.04.2017

The data on Australian trading balance in February will be published at 03:30 (GMT+2). Trading balance shows the difference between export and import of goods and services in monetary terms. A positive result indicates a surplus of the trading balance and strengthens AUD. A negative value means a deficite of...

03.04.2017

Today, US dollar is trading in both directions against its main competitors. EUR/USD is trading in the narrow range of 1.0650-1.0680. 

03.04.2017

On the daily chart, the instrument is trading in the lower Bollinger band. The price remains above the EMA65, EMA130 and SMA200 that are directed up. The RSI is testing its strong support. The Composite is falling having failed its longer MA.

03.04.2017

The European currency continues to fall against US dollar. In the end of March Europe faced a number of negative macroeconomic releases; the main indexes remained in the red zone and the stimulation program failed. ECB points out low inflation pressure and the need for further monetary easing. In this...

03.04.2017

On the daily chart, the pair is trading on the middle MA of Bollinger Bands. The price remains below its moving averages that start turning down. The RSI is testing its longer MA from above. The Composite is falling having broken down its longer MA. 

03.04.2017

Last year the stock of The Home Depot gained 10.2% which is twice more than the result of the Retail and Wholesale Trade sector (5.1%). Consistent recovery of the US housing market along with improved customer service allowed The Home Depot to publish yet another strong Q4 financial report with...

03.04.2017

The shaving segment of Procter & Gamble with such brands as Gillette, Mach3 and Fusion holds a leading position in the world market of razor blades with a 65% share. In the last 4 years the share of Procter & Gamble in this segment dropped by 5% due to the...

03.04.2017

British pound keeps strengthening against US dollar despite the official launch of Brexit process. On Friday the pound was supported by the data about reduced growth rate of personal income and expenditure in the USA. In view of this the quotes of GBP/USD returned to the level of 1.2557, however...

03.04.2017

On the H1 chart gold formed a triangle. The lower border is at the level of 1247.04, and the upper one is at 1250.02. If the price breaks through the lower border, the next target will be 1242.20. According to the experts, gold is under the pressure of the news...

03.04.2017

The American Dollar showed mixed trade against its major rivals on Friday. The EUR/USD pair lost 0.19% pressured by the news of a slowdown in inflation growth to 1.5% in March, which is quite far from the ECB target of 2%.

03.04.2017

Assumingly, an upward impulse in the fifth wave 5 of the higher level continues forming. Locally, the third wave iii of 5 seems to be developing, within which the fifth wave (v) of iii of the lower level is forming. If the assumption is correct, the price is expected to...

03.04.2017

Assumingly, the fifth wave 5 of the higher level in an upward trend continues forming. Locally, an impulse in the third wave of the lower level iii of 5 seems to be developing and if the assumption is correct, the instrument is expected to continue growing towards the level of...

03.04.2017

Assumingly, the third wave iii of the higher level continues forming. Locally, a downward impulse in wave (i) of iii seems to have formed and an upward correction (ii) of iii is developing. If the assumption is correct, the pair is expected to continue growing towards the levels of 112.65,...

03.04.2017

Assumingly, the third wave iii of C of the higher level continues forming, within which the first wave (i) shaped as an impulse has formed. Locally, an upward correction in wave (ii) seems to have formed and a starting impulse i of (iii) has finished. If the assumption is correct,...

03.04.2017

Australian dollar dropped against USD last week loosing over 70 points of its weekly maximum. One of the reasons for this dynamics of the pair was the decline of China's demand for iron ore and coal, two main raw materials of Australian export. The chart of AUD/USD shows that the...

03.04.2017

Swiss franc was falling against US dollar for almost whole previous week despite the publication of positive data from Switzerland such as ZEW Indicator of Economic Sentiment that  reached its 3-years maximum last week and Swiss Index of Economic Indicators that appeared to be better than forecast and set a...
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