Jan 2017

17.01.2017

The 4 quarter NZIER Business Confidence data are due at 23:00 (GMT+2) in the New Zealand. The index represents a short-term economic outlook. A growth in business confidence indicates a growth in investment in production. A high reading strengthens the NZD. A low reading weakens the NZD.

16.01.2017

During the last two trading months of the previous year the pair grew by more than 1500 points, the pair has reversed and is forming the downward wave now. Such a significant downward correction was expected by few experts.

16.01.2017

The EUR/USD pair has been growing for three weeks in a row due to the weak dollar. The increasing volume of industrial production in the euro area, as well as increased confidence index from Sentix had a positive impact on the euro. Yet the main catalyst for growth of the...

16.01.2017

On the daily chart, the instrument is trading in the upper Bollinger band. The price remains above its moving averages that are directed up. The RSI is showing Bearish dynamics having broken down its longer MA. The Composite is representing similar pattern. 

16.01.2017

During the last week the pair was trading mixed. The GBP was supported by the UK economy growth QoQ report, and the USD was also under the pressure due to the Donald Trump press-conference. 

16.01.2017

As at the end of last year, this year the oil rate dynamics is determined by different and often conflicting data. On the one hand – the intention of US, Brazil and Argentina to increase oil production at the expense of the development of shale deposits, and on the other...

16.01.2017

A multi-year descending trend in the Turkish Lira that was largely caused by the political factors, in the recent past was intensified by the news form the US (presidential elections, an interest rate hike by the Fed), which lead to a strengthening in the Dollar. However, since the middle of...

16.01.2017

From the last days of the previous year the USD/CAD pair, as a most of the dollar pairs, is in the correction against the USD due to its weakening. Almost inevitable, according to the experts’ expectations, restoration of the USD growth hasn’t happened yet. After the downward breakout of the...

16.01.2017

Growth is expected. Assumingly, the third wave iii of 5 in an ascending trend continues forming. Locally, a downward correction in wave (iv) of iii seems to have finished and if the assumption is correct, the price begins growing in the fifth wave (v) towards the levels of 65.00, 66.00....

16.01.2017

Correctional fall is expected. Assumingly, an upward impulse in the fifth wave 5 of the higher level continues forming. Locally, an upward impulse in the first wave (i) of iii seems to have finished and if the assumption is correct, the price is expected to fall in the second wave...

16.01.2017

Upward trend us strong. Assumingly, a large Bearish correction in wave 2 that took shape of a double three wxy has finished. Locally, an upward impulse in the third wave seems to be developing and if the assumption is correct, pair’s growth is expected to continue towards the level of...

16.01.2017

Fall possibility remains. Assumingly, a downward correction in wave 2 that took shape of an irregular flat continues forming. Locally, wave c of 2 seems to be developing, within which the third wave (iii) is forming. If the assumption is correct, the pair is expected to fall to the levels...

16.01.2017

The November Tertiary Industry Index is due at 06:30 (GMT+2) in Japan. The index reflects the current state of the service sector. A high reading is positive for the JPY, while a low reading is negative.

16.01.2017

The September TD Securities Inflation data are due at 02:00 (GMT+2) in Australia. TD Securities Inflation released by The University of Melbourne - Faculty of Economics and Commerce estimates inflation in the Australian economy. The higher inflation, the stronger the effect it will have on a probability of a rate...

13.01.2017

Decline in the pair is likely to continue.

13.01.2017

The rise in the pair is likely to continue.

13.01.2017

The 4 quarter report of the United Technologies Corp. will be published on January, 25, 2017. In the previous quarter the ETA was $1.76, exceeding the expectations of the market of $1.66. The experts expect the 4 quarter ETA to be $1.56 (the expected growth is 13.8% YoY) and profit...

13.01.2017

Last week the shares of The Home Depot showed growth by 0.87% against the decrease of S&P500 by 0.24%.

13.01.2017

The pair USD/CAD has been trading for six months within a wide upward channel. An ascending wave is followed by a downward correction, and then again from the lower limit of the range the price rushes up. The main catalyst for the movement of the pair is still the change...

13.01.2017

The price can lower from the level of 16.85-16.92. On the 4-hour chart the price has tested the cluster of the Fibonacci resistance 16.85-16.92 for some times. This zone is significant for the “bulls”, as in case of the breakout of this level the price can grow to the level...

13.01.2017

The Producer Price Index is due at 15:30 (GMT+2) in the USA. The index s expected to lover to 0.3% MoM in December from 0.4% in the previous month. Represents the wholesale prices change from producers. A high reading strengthens the USD. A low reading weakens the USD.

13.01.2017

The Retail Sales Index (MoM) is due at 15:30 (GMT+2) in the USA. The index is expected to grow to 0.7% MoM in December from 0.1%. Indicates consumer spending. Represents the change in the volume of retail sales. A growth in the index is the positive factor for the economy...

13.01.2017

The downward trend will continue. On the 4-hour chart the price has tested the level of 1.0070. The breakout here is possible, as the Bollinger Bands are pointed downwards. Also, the Stochastic has reversed in the same direction, and in this case the significant lowering of the price is possible....

13.01.2017

During yesterday's trading session WTI Crude Oil was going up despite of the growth of the volume of processed oil at the American refineries. According to published data, the indicator rose to 17.1 million barrels, the highest value since 1989.

13.01.2017

Gold is strongly growing, reaching its maximum of the last two months due to the uncertainty of the USA headed by Donald Trump political course. On Friday on his press-conference “the leader of the free world” couldn’t comment the key financial questions, which have bothered the traders. Considering the risks,...

13.01.2017

During the trading session on Thursday the pair was growing due to the Donald Trumps’ speech on the press-conference and to the published negative Monthly Budget Statement. However, the USA employment data supported the USD: the Initial Jobless Claims amount was 247K, which is less than the expected value of...

13.01.2017

Since the last week of 2016 the New Zealand currency has been in the upward correction. Yesterday's important data on retail sales in New Zealand, as well as the reaction to the speech of the Head of FRS, only proved the intention of the pair to continue to grow and...

13.01.2017

Since December Japanese economy has been receiving positive incentives in the form of the Prime Minister Abe’s program of economic recovery, as well as expectations of profitable cooperation between Japan and Russia. The sum of these factors, plus the weakening of the dollar led to a correction of the pair...

13.01.2017

The trend is upward. The upward momentum within the third wave 3 of the highest level is forming. Locally the fourth correction wave of the lower level (iv) has ended and the fifth wave (v) is developing. If the assumption is correct, the price will grow to the level of...

13.01.2017

The trend is upward. The upward momentum as the third wave 3 of the highest level is forming. Locally the correction iv of 3 has ended and the fifth wave v of 3 is developing. If the assumption is correct, the price will grow to the level of 80.00. The...

13.01.2017

The trend is downward. The fifth wave 5 of the highest level is forming. Locally the third wave of the lower level iii of 5, within which the wave (ii) has ended, is developing. If the assumption is correct, the pair will lower to the level of 1.1885. The level...

13.01.2017

The pair can grow. The upward correction as a fourth wave 4 of the highest level is forming. Locally the wave a of 4, within which the wave (с) is forming, is developing. If the assumption is correct, the pair will grow to the level of 1.0734-1.0856. The level of...

13.01.2017

The December Wholesale Price Index is due at 09:00 (GMT+2) in Germany. The index measures sales volumes in the wholesale sector. A growth in the index represents an increase in consumption and retail sales and strengthen the EUR. A fall in the index weakens the EUR. 

13.01.2017

The December Electronic Card Retail Sales index is due at 23:45 (GMT+2) in the New Zealand. The data on electronic card retail sales measures purchases made with credit and debit cards. The data is considered as an indicator of the retail sector. A growth in electronic card retail sales strengthens...

12.01.2017

The Monthly Budget Statement is due at 21:00 (GMT+2) in the USA. The deficit is expected to decrease to -25 billion USD n December from -137 billion USD in the previous month. Represents the difference between the government revenue and expenditures. The budget deficit appears when expenditures exceed revenues. When...

12.01.2017

3M Company is one of the few companies that every year shows an increase in its dividend payouts. In 2014 company’s dividends increased by a third, in 2015 by 20% and last year by 8%.

12.01.2017

In the 4 quarter the analysts expect growth of the AT&T profit only by 0.1% YoY to $4 2.14 billion. The possible insignificant growth is due to the price dumping by the smaller competitors such as T-Mobile and Sprint.

12.01.2017

In the new year, the Turkish lira continued to weaken, on Monday the price of USD/TRY renewed a maximum of around 3.9400. 

12.01.2017

On Wednesday the Crude Oil Inventories change report was published. The value has grown by 4.097 million barrel, which has expected the expectations greatly. But the affection of the information was limited, and after the lowering to the level of 55.40 the price began to grow again.

12.01.2017

The Initial Jobless Claims index is due at 15:30 (GMT+2) in the USA. The index is expected to grow to 255K WoW from 235K in the previous week. Represents the number of new unemployment claims. Published weekly on Thursdays. Allows approximating what nonfarm payrolls will be. A fall in the...

12.01.2017

Commodity currencies, including the New Zealand dollar, showed a good growth trend over the last three trading weeks. Since December 23rd the pair NZD/USD has gained more than 250 points and reached the level of 0.7135. 

12.01.2017

On the daily chart, the pair is trading below the lower line of Bollinger Bands. The price remains above the EMA65, EMA130 and SMA200 that are directed up. The RSI is testing its most recent support. The Composite is testing its strong support as well. 

12.01.2017

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

12.01.2017

On the daily chart, the instrument is growing along the upper line of Bollinger Bands. The price remains below its moving averages that turned horizontal. The RSI is approaching the border of the overbought zone. The Composite starts forming a divergence with the price and RSI suggesting a downward reverse...

12.01.2017

The Industrial Production data are due at 12:00 (GMT+2) in the EU. The index is expected to grow to 1.6% YoY in November from 0.6% in the previous month and to 0.5% MoM in November from - 0.1% in the previous month. Data on industrial production represents changes in industrial...

12.01.2017

Yesterday the pair showed quite volatile trade having strengthened on the day. The Pound was supported by data on the NIESR GDP Estimate from the UK. The Dollar, at the same time, got under substantial pressure because of Donald Trump’s press conference. Both currencies remain in the state of uncertainty...

12.01.2017

During the last two weeks of the previous year silver was trading flat, as it didn’t cross the strong support level of 15.63. In the first trading days of this year the trend was the same, despite the growth of the USD.

12.01.2017

The correction continues. The upward momentum as an entering the first wave (i) within the beginning of the third wave 3 of the highest level has formed. Locally the downward correction as a wave (ii), within which the wave a of (ii) has been formed as a momentum, and the...

12.01.2017

The price can grow. The upward momentum as a third wave iii within the fifth wave 5 of the highest level is forming. Locally the development of the correction of the lower level as a wave (iv) and the growth of the price within fifth wave (v) to the level...

12.01.2017

The pair will decrease. The «bullish» momentum as a wave C of (B) within the upward correction has formed. Locally the development of the wave (С) of the highest level has begun, within which the entering momentum (i) has formed and the formation of the third wave (iii) of the...

12.01.2017

The trend is downward. The long term upward correction as a wave B of the highest level has formed. Locally the upward correction as a wave (ii) has formed and the development of the third wave (iii) has begun. If the assumption is correct, the pair will lower to the...

12.01.2017

The pair reached all of the targets of its downward correction that started in the end of last year. Political and the resulting economic uncertainty in a number of leading countries in the world, as well as the absence of important macroeconomic data in Australia this week could lead to...

11.01.2017

In 2016, the company managed to stabilise its business after losing exclusive partners Costco Wholesale Corporation and JetBlue Airways Corporation. Thanks to improvements in the segments of international consumption and network services, company’s revenues in the third quarter of 2016 of $7.77 billion exceeded market expectations by $50 million. 

11.01.2017

After significant upward correction in the first days of the New Year the pair has reached the key resistance level of 1.0610, the upper border of the downward range. Then the EUR has begun to lower against the USD, forming a new downward wave. 

11.01.2017

At 17:00 (GMT+2) GDP growth estimate from the National Institute of Economic and Social Research (NIESR) will be published in UK. The report tracks the growth of the UK economy over the past 3 months. Report results can influence the monetary policy of the country. The high value supports the...

11.01.2017

In the beginning of the week the pair has lowered to the level of 1.2100 due to the negative market reaction to the UK Prime Minister Theresa May speech on Sunday. In her interview to the Sky News she confirmed that the UK won’t stay a EU member any longer....

11.01.2017

During the trading session on Tuesday the pair was lowering. The USA stock markets show the weakness, which affects the USD negatively. The growth of the Wholesale Inventories index by 1% has also pressured it: the growth of the index reflects the showering of the economical growth and can affect...

11.01.2017

The price of gold is increasing since mid-December, rebounding from a strong support. One of the reasons of the growth is the uncertainty of the situation with the dollar, which in the new year has yet come out of its downward correction. 

11.01.2017

During the trading session on Tuesday, January, 10, the silver prices has grown significantly, renewing the maximum of December, 15, due to quite weak USD positions, which is waiting for the new growth drivers. 

11.01.2017

At 11:30 (GMT+2) data on industrial production will be published in UK. It is predicted that on a monthly basis the indicator will rise to 0.8% in November, from -1.3% the previous month. In annual terms, growth is expected to the rate of 0.6% in November, from -1.1% the previous...

11.01.2017

Like most of the dollar pairs, USD/CAD is in a correction since the end of the last year due to the weakening of the US currency. Many analysts predicted an almost inevitable resumption of the strengthening of US currency, but this has not happened in the first week of the...

11.01.2017

During the trading session on Tuesday, January, 10 the FTSE100 index has grown slightly, renewing the maximum around the level of 7285. The share index activity hasn’t restored completely in the market after the holidays. Active investors are waiting for the new growth drivers and clearer signals.

11.01.2017

Yesterday the pair slightly fell, showing a somewhat volatile trade. This week market participants have focused their attention on the press conference of Donald Trump, which is due later today. Markets expect that Trump will disclose some more details about his first actions that he is planning to perform after...

11.01.2017

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

11.01.2017

Correctional fall is expected. Assumingly, the first wave of the higher level 1 that took shape of a wedge has finished. Locally, the price seems to be starting its fall in a correction in wave 2. If the assumption is correct, in the medium-term the price is expected to fall...

11.01.2017

Upward correction is finishing. Pair’s fall is expected. Assumingly, the final wave c of 2 in a large Bearish correction continues forming. Locally, a correction in the fourth wave (iv) seems to be finishing and if the assumption is correct, in the nearest future the pair is expected to resume...

11.01.2017

Pair’s growth is expected. Assumingly, a downward correction in wave 2 that took shape of an irregular flat has formed. Locally, a starting impulse of the lower level (i) and a correction (ii) seems to have finished. If the assumption is correct and the price does not break down a...

11.01.2017

The API Weekly Crude Oil Stock data are due at 23:30 (GMT+2) in the USA. This report is perceived as the outstripping indicator for the same report by EIA. The lowering of the stocks leads to the growth of the oil prices, the growth pressures it.

10.01.2017

The USD continues to lower against all the main currencies due to significant risks appearing in the market, as the UK is leaving the EU. In addition, the possibility of Donald Trump and his administration radical economical measures, which can affect the country’s trade balance negatively, discourages the investors.

10.01.2017

On December, 20 General Mills reported for the second quarter of 2017, the company's shares fell below market expectations. Revenues decreased by 7.1% to $4.1 billion. The indicator profit/share decreased to $0.82 compared with $0.88 in Q2 2016.

10.01.2017

The Walt Disney’s movie “Rogue One: A Star Wars Story" has beaten “Hidden figures” of 20th Century Fox in the weekly box office rankings in the United States. Starting in China, the picture has collected about $20 million, a little less than the previous record of $22 million from the...

10.01.2017

On the daily chart, the pair is trading in the upper Bollinger band. The price remains just below its moving averages that start turning down. The RSI is trying to turn down. The Composite is falling having failed its last month resistance. 

10.01.2017

In November and December, 2016, the pair was in the downward trend due to the RBA policy to lower the national currency rate and strengthen of the USD. The compensation began on December, 23. 

10.01.2017

Japan's economy since December last year received positive incentives in the form of the program of Prime Minister Abe's economic recovery and the prospects for Japan's economic cooperation with Russia. The favorable fundamental background and the depreciation of the dollar led to a correction of the pair USD/JPY, in which...

10.01.2017

On the daily chart the indicator has crossed the middle line of the Bollinger Bands indicator, giving a signal to open long positions. The MACD histogram is in the negative zone, its volumes are slightly decreasing, the signal line is out the histogram body, giving no clear signal. The Stochastic...

10.01.2017

During the trading session on Monday, January, 9, the USD has lowered against the Swiss franc, stepping away from the renewed local maximum of January, 5. The new macroeconomical statistic from the USA are pressuring the USD, in addition, the traders are still reacting to the weak employment data report,...

10.01.2017

The price of Brent crude oil fell at the beginning of the week amid growing concerns that the OPEC countries are going to carry out their agreement to cut the production. 

10.01.2017

The price can grow. On the 4-hour chart the upward momentum as a fifth wave of the highest level is developing. Locally the fifth wave (v) of iii, within which the downward correction ii of (v) has ended, is forming. If the assumption is correct, the price will grow to...

10.01.2017

The price is in correction. The upward momentum as a first entering wave (i) within the third wave of the highest level has formed. Locally the downward momentum as a wave (a) has formed. If the assumption is correct, after the wave (b) ends, the price will lower to the...

10.01.2017

The correction is forming. The upward correction as a fourth wave 4 of the highest level is forming. Locally the wave a of 4, within which the wave (c) is forming, is developing. If the assumption is correct, the pair will grow to the level of 1.0734-1.0856. The level of...

10.01.2017

The trend is downward. The fifth wave 5 of the highest level is forming. Locally the upward correction as a wave ii of 5 has formed and the entering momentum (i) within the third wave. If the assumption is correct, the pair will lower to the level of 1.1885. The...

10.01.2017

The Turkish Lira keeps weakening against the US Dollar. On Monday, the pair rose by 2.35% reaching the level of 3.7400, which is its highest since 2005. The reason for the continuous decline in the Lira remains country’s internal and external economic problems that do not allow the national currency...

10.01.2017

The Unemployment Rate s.a (MoM) is due at in Switzerland. The rate is expected to stay on the same level of 3.3%. The rate keeps this level from the last year summer, so no significant changes in the market are expected in this scenario.

10.01.2017

The December Consumer Price Index is due at 03:30 (GMT+2) in China. The index represents the change in prices for goods and services for households. The YoY index is expected to stay on the same level of 2.3%, as the MoM value will grow from 0.1% to 0.3%. In this...

10.01.2017

The November Retail Sales s.a. (MoM) data are due at 02:30 (GMT+2) in Australia. The data on retail sales measures the volume of sales in the retail sector. The Retail Sales are a significant part of the GDP. The index is expected to lower for the third month in a...

09.01.2017

In the previous year the Johnson & Johnson stocks have grown by +14.6%, being ahead of the competitors, such as large pharmaceutical companies (lowering by -3.8%) and exceeding the S&P 500 index (12.1% growth).

09.01.2017

Pfizer has announced the positive results of the research of the medication PF-06410293 (scope of application  — from moderate to severe degree of rheumatoid arthritis), which is developed by the company as a potential bioanalogue of the AbbVie's Humira. The research has shown the higher efficiency, safety and immunogenicity of...

09.01.2017

On the daily chart, the instrument is trading just above the middle MA of Bollinger Bands. The price remains below the EMA65, EMA130 and SMA200 that are directed down. The RSI is trying to turn down having broken out its December resistance. The Composite is testing its December resistance as...

09.01.2017

The pair continued falling at the start of this week, opening with a gap down after UK’s Prime Minister Theresa May comments on how she sees the country’s exit from the European Union. The process will likely involve a complete break with the single bloc and a loss of free...

09.01.2017

In the previous week the oil price was corrected to the growth due to the Crude Oil Stock data publishing, but the price couldn’t break the strong support level of 57.17. However due to the news about the Saudi Arabia oil production restriction this fall was compensated. 

09.01.2017

Data on the Unemployment Rate for November is due at 12:00 pm (GMT+2) in the eurozone. The unemployment rate measures the percentage of the total labour force that is unemployed. A growth in the index represents a slowdown of economic growth. A high result can pressure the EUR, while a...

09.01.2017

From the last week of the last year the NZD is correcting to its downward trend. On Friday, January, 06, the USD has grown due to the USA NFPR, and the pair has corrected within the correction, lowering down. 

09.01.2017

Gold prices resumed the growth on Monday, after a significant pullback on Friday, when investors took profits on the last week. Recall that the last week the price of gold rose by about 2.2%, hitting the new local high.

09.01.2017

The pair can possibly grow. The “bullish” momentum as a wave C of (B) within the upward correction is forming. Locally the correction as a wave iv of C has ended and the fifth wave is forming. If the assumption is correct, the pair will grow to the level of...

09.01.2017

The pair can grow within the correction. The long term upward correction as a wave B of the highest level has formed. Locally the entering momentum of the lower level (i) has formed and the formation of the upward correction as a wave (ii) has begun. If the assumption is...

09.01.2017

The price will grow. The upward trend within the third wave iii of 5 is forming. Locally the downward correction as a wave (iv) of iii has ended. If the assumption is correct, the price of the stock will grow within the fifth wave (v) to the level of 65.00-66.00....

09.01.2017

The trend is upward. On the 4-hour chart the upward trend within the fifth wave 5 of the highest level is forming. Locally the upward momentum as a first wave (i) of iii is forming. If the assumption is correct, the price of the stock will grow to the level...

09.01.2017

During the trading session on Friday, January, 6, the AUD has stepped from the maximum of December, 16, 2016 due to the employment data from the USA. The statistics is mixed, but it reflects the fastest growth of the wage from the 2009. However, during the morning trading session the...

09.01.2017

The pair noticeably fell last Friday amid the publication of a large number of macroeconomic statistics.

09.01.2017

Data on the Trade Balance for November is due at 9:00 am (GMT+2) in Germany. The index represents the difference between the value of exports and imports. Positive values imply the balance is in surplus, which has a positive effect on the German economy and strengthens the EUR. Negative values...

06.01.2017

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

06.01.2017

Data on the Unemployment Rate is due at 3:30 pm (GMT+2) in Canada. In December, the index is expected to grow from 6.8% to 6.9%. Published by Statistics Canada. Represents the number of unemployed as a percentage of the total labour force. A growth in the index indicates a slowdown...

06.01.2017

Data on the Nonfarm Payrolls is due at 3:30 pm (GMT+2) in the US. In December, the index is expected to fall from 178 thousands to 175 thousands. One of the main indicators of employment in the US. Represents the number of employed in non-agricultural sectors. Has a high impact...

06.01.2017

Over the past two months the company's shares significantly increased in value due to the victory of Trump and potential economic benefits of the proposed reforms of the President. Nevertheless, in the short term technical correction is expected in the shares of The Home Depot.

06.01.2017

General Electric is one of many beneficiaries of the anticipated economic reforms by Donald Trump. On top of benefits form the tax reform the company could gain from the promised $1 trillion infrastructure investment because company’s business covers power generation (engines, turbines, generators) and locomotives. 

06.01.2017

Yesterday’s trade in the USCrude was mixed. The instrument fell by more than 1.5 USD after the publication of data on the US oil reserves that showed their decline of 7.051 million barrels, but quite quickly returned to the level of 54.50.

06.01.2017

The last months of 2017 were marked by a steady increase in the US dollar, which was mainly due to the tightening of monetary policy of the US Federal Reserve. As a result, the majority of dollar pairs by the end of the year reached its long-standing and sometimes absolute...

06.01.2017

The pair significantly grew yesterday amid a substantial weakening in the US Dollar that remains under pressure after the publication of the FOMC Minutes in the middle of the week. 

06.01.2017

Data on Retail Sales for November is due at 12:00 pm (GMT+2) in the eurozone. The index represents changes in the volume of retail sales and is considered as the major indicator of consumer spending. A high reading strengthens the EUR. A low reading weakens the EUR.

06.01.2017

As most of the Dollar pairs, since the end of the previous year the USD/CAD pair remains in a descending correction due to a weakening in the US Dollar. An anticipated rebound in the American currency did not happen in the first week of the started year. One of the...

06.01.2017

Upward correction is finishing. Possibility of pair’s fall. Assumingly, the final wave c of 2 in a large Bearish correction continues forming. Locally, an upward correction in the fourth wave (iv) seems to be finishing and if the assumption is correct, the fall towards the level of 0.7083 is expected...

06.01.2017

Pair’s growth is expected. Assumingly, a downward correction in wave 2 that took shape of an irregular flat has formed. Locally, wave c of 2 seems to have finished, within which an impulse has developed. If the assumption is correct, the pair is expected to grow to the level of...

06.01.2017

Upward trend is strong. Assumingly, an upward impulse in the third wave 3 of the higher level continues forming. Locally, a correctional fourth wave (iv) of the lower level seems to have finished and the fifth wave (v) has started. If the assumption is correct, the price continues growing to...

06.01.2017

Growth possibility remains. Assumingly, an upward impulse in the third wave 3 of the higher level continues forming. Locally, correction iv of 3 seems to have finished and the fifth wave v of 3 has started. If the assumption is correct, the price is expected to continue growing to the...

05.01.2017

At 17:00 (GMT+2) ISM index of business activity in the services sector will be published in USA. It is predicted that December’s value will fall to 56.7 points from 57.2 points a month earlier. The index represents the results of a survey of managers in the services sector in order...

05.01.2017

At 15:30 (GMT+2) data on initial applications for unemployment benefits for the week will be published in the United States. The number of claims is expected to drop to 260K from 265K the previous week. It reflects the number of new applications for unemployment benefits and is published every week...

05.01.2017

Wal-Mart Company in December reduced the average prices in key commodity groups, which allowed to increase revenues in the 4th quarter of 2016 due to higher sales volumes.

05.01.2017

In the end of November, the company announced a discovery of a new gas field at the north of Highlands in Papua New Guinea. According to preliminary estimates, the field has large reserves and high quality of crude.

05.01.2017

At 14:30 (GMT+2) data on the ECB meeting on monetary policy will be published. Protocol of the ECB meeting contains information about the current economic situation, the comments regarding the monetary policy decisions, as well as macroeconomic forecasts and inflation forecasts.

05.01.2017

The pair sharply fell yesterday after the release of the FOMC Minutes from the last meeting of the regulator in December. The Minutes showed that the officials are concerned with falling unemployment in the US that in the near future might result in higher inflation. However, it was noted that...

05.01.2017

Since the beginning of the year, the price of gold continues growing amid a weakening in the US Dollar, which is falling despite strong macroeconomic statistics that came out in the US in the first week of the year. 

05.01.2017

At 12:00 (GMT+2) index of producer prices for Eurozone will be published. It is expected that the annualized rate will rise to 0.1% in November from -0.4% the previous month. It shows the change in prices for goods produced in the Eurozone. The growth of the index usually strengthens EUR.

05.01.2017

At 11:30 (GMT+2) index of business activity in the services sector by Markit will be published in UK. It is predicted that the rate will drop to 54.8 points in December from 55.2 points a month earlier. This indicator assesses the economic situation in the services sector. It is based...

05.01.2017

Policy of the RBA, focused on the depreciation of the national currency, and the strong appreciation of the US dollar led to the downward trend in November-December last year. However, since mid-December the pair started an upward correction and is now aimed at overcoming a significant resistance zone of 0.7300. 

05.01.2017

The pair is demonstrating growth for the second trading session amid a weakening in the US Dollar against all other major currencies. In the end of this week, volatility on the market is expected to be high due to important macroeconomic publications in the US.

05.01.2017

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

05.01.2017

Correction keeps forming. Assumingly, an upward correction in the fourth wave 4 of the higher level continues forming. Locally, wave a of 4 seems to be developing, within which wave (c) is forming. If the assumption is correct, the pair is going to continue growing towards the levels of 1.0734,...

05.01.2017

Growth possibility remains. Assumingly, an upward impulse in the third wave iii of the fifth wave 5 of the higher level continues forming. Locally, a correction of the lower level in wave (iv) seems to have finished and the price is expected to grow in the fifth wave (v) to...

05.01.2017

Correction continues. Assumingly, an upward impulse in the first wave (i) within a started third wave 3 of the higher level has formed. Locally, a downward correction in wave (ii) seems to be developing, within which wave a of (ii) shaped as an impulse has finished. If the assumption is...

04.01.2017

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

04.01.2017

The company expects to increase shares in the next year by 15% due to the growth of demand in the IT sector. In the "cloud" segment the company plans to increase its presence in the market by 4 times in 2020.

04.01.2017

In December 2016, Donald Trump and the Republican Party introduced a proposal to Congress to cut the corporate income tax rate to 20%. If it passes Congress, Verizon would receive additional revenue due to a decrease in deferred tax liabilities ($44.6 billion as of 3 quarter 2016). According to analysts,...

04.01.2017

During yesterday’s trading session, after it has tested the level of 58.44, the price of Brent crude oil fell by almost $3 per barrel, and at its lowest point towards the end of the session was trading near the level of 55.40. Most likely, such a serious decline was caused...

04.01.2017

The pair is trading at its 15-year lows amid continuous strengthening in the Dollar. At the beginning of the year, the American currency received support after the publication of another batch of strong macroeconomic statistics. 

04.01.2017

The Consumer Price Index is due at 12:00 pm (GMT+2). According to forecasts, on a year-to-year basis the index will increase from 0.6% to 1.0%. The key indicator of inflation in the eurozone. Represents the change in the value of the basket of goods and services. A growth in the...

04.01.2017

Data on Mortgage Approvals for November is due at 11:30 am (GMT+2). An increase in the number of new approved mortgages represents a healthy state of the property market. A growth in the index supports the GBP. A fall in the index pressures the GBP.

04.01.2017

Data on Consumer Credit for November is due at 11:30 am (GMT+2) in the UK. Represents the change in the volume of consumer credits. Generally, an index increase shows readiness of consumers to spend money thus showing confidence in the economy. A high reading strengthens the GBP. A low reading...

04.01.2017

The pair XAG/USD was trading in a flat in the last two weeks of the last year, failing to overcome the strong support area defined by the level of 15.63. First trading days of the new year confirmed the sideways trend, despite the growth of US dollar.

04.01.2017

The Markit Services PMI for December is due at 11:00 am (GMT+2). The index is expected to remain unchanged at 53.1 points. The index represents current economic conditions in the sector and its future prospects. A reading above 50 is perceived positive and strengthens the EUR. A reading below 50,...

04.01.2017

A decline in the Dollar in the last few days of the previous year lead to some growth in the Dollar pairs. However, on the first trading day of the year the expectations of an upward correction in the Pound did not come true. For the whole day, the pair...

04.01.2017

Pair’s growth is expected. Assumingly, a Bullish impulse in wave C of (B) within an upward correction continues developing. Locally, a correction in wave iv of C seems to have finished and the fifth wave is forming. If the assumption is correct, the pair is expected to continue growing to...

04.01.2017

Fall possibility remains. Assumingly, a long-term upward correction in wave B of the higher level has finished. Locally, a starting impulse of the lower level i seems to have formed and if the assumption is correct, the pair continues falling towards the level of 1.3074. Critical for this scenario is...

04.01.2017

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

04.01.2017

Upward trend remains. Assumingly, an upward impulse in the third wave iii of 3 continues forming. Locally, the third wave of the lower level (iii) of iii of 3 seems to be developing, within which a local correction (iv) has finished. If the assumption is correct, in the medium-term the...

03.01.2017

Financial results of the Microsoft for the first quarter of fiscal 2017 were mixed. Revenue rose by 0.36% YoY to $ 20.45 billion, while the company's profit decreased by 4.3% to $ 4.69 billion.

03.01.2017

Pfizer is increasing its quarter dividends. The payout coefficient will grow by 7% to $0.32. In 2016, the company acquired Anacor Pharmaceuticals for $5.2 billion and Medivation for $14 billion that substantially strengthened the business, expanded the product line and improved its market position. 

03.01.2017

During the second half of 2016 the price of gold continued to steadily decline due to a stronger US dollar. Currently, however, the pair has already finished the movements triggered by Brexit and raised interest rates of the Fed. At the moment, there is concern on the market about the...

03.01.2017

After its significant fall in the second half of the last year, the Pound managed to perform some rebound in the last couple of month, but plunged again in the end of December. However, having declined by more than 15% against the Dollar in 2016, in the long-term the pair...

03.01.2017

The US dollar finished 2016 with a steady growth, caused by the Fed's plans to raise more actively interest rates in the new year. In addition, the dollar has strengthened thanks to the implementation of the new program of president Trump, aimed at supporting domestic producers. Against the background of...

03.01.2017

Last few months of the previous year were highlighted by a strengthening in the US Dollar that was caused by monetary policy tightening by the Fed, positive macroeconomic data from the US and rising business activity.

03.01.2017

The uptrend is in force. We’re watching the formation of an upward momentum as the first wave (i) of the third of the senior level. On the lower level downward correction iv of (i) is being formed. After the correction, the asset’s growth will continue to the level of 43.87....

03.01.2017

The probability of price growth is still high. On the four-hour chart the upward momentum is developing as the third wave of the higher level. On the lower level the fifth wave (v) of iii has been formed, in which downward correction ii of (v) is developing. After the correction...

03.01.2017

The upward correction continues. Presumably, the final wave c of 2 within a large "bear" correction is being formed. Locally the third wave (iii) has been formed, and the price continues to move within an upward correction in wave (iv). If the assumption is true, pair’s growth will continue to...

03.01.2017

The probability of the growth is still high. Presumably, a downward correction as a wave 2 is still being formed, and the wave took form of an irregular plane. Locally we can see a formation of wave c of 2, in which the pair is expected to fall to around...