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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Oct 2017

19.10.2017

US dollar today has mixed dynamics against the majors.

19.10.2017

The US dollar has changed its trend against the Japanese yen. The pair couldn’t cross the level of 111.65, reversed and began to fall. 

19.10.2017

Initial Jobless Claims release is due at 14:30 (GMT+2) in the USA. The index is expected to fall to 240K per week from 243K in the previous week. It represents the number of new unemployment claims and allows approximating what nonfarm payrolls will be. A fall in the index strengthens...

19.10.2017

Yesterday the data on the volume of new housing constructions and issued construction permits were released in the USA and appeared to be much worse than expected. 

19.10.2017

On the 4-hour chart the price is testing the level of 17.00 (correction 38.2%), the growth to the levels of 17.23 (correction 50.0%), 17.45 (correction 61.8%) is possible after the price is set above the middle line of Bollinger Bands (the area of 17.09). Otherwise the fall can develop to...

19.10.2017

Together with NBCUniversal Snap Inc. created a venture studio to produce programs in different genres and broadcast them in Snapchat.

19.10.2017

During the last week Pfizer decreased by 1.70% against the growth of S&P 500 index by 0.20%.

19.10.2017

The quotes of WTI during the week tested the level of  52.34 (bottom of Murrey channel [3/8]) several times but failed to break through it. 

19.10.2017

On the daily chart, the instrument is correcting down from the upper line of the Bollinger Bands, having formed 5 consecutive closes above it. The price remains above its moving averages that start turning up. The RSI is turning down, having just entered the overbought zone. The Composite turned down...

19.10.2017

On Wednesday, October, 18, the US currency was strongly growing against Swiss franc, renewing the maximum since October, 6. However, by the end of the trading session the instrument has lost part of the gained positions due to the poor US housing market data publication.

19.10.2017

Retail Sales release is due at 10:30 (GMT+2) in the UK. The MoM index is expected to fall to –0.1% in September from 1.0% in the previous month. The YoY index is expected to fall to 2.1% in September from 2.4% in the previous month. The index represents the total...

19.10.2017

New Zealand dollar continues to decrease against USD being corrected after quite remarkable growth last week. NZD is supported by consumer inflation data from New Zealand. In Q3 2017 it started to grow above expectations (0.5% QoQ and 1.9%YoY against the outlooks of 0.4% and 1.8% respectively).Still, investors show only...

19.10.2017

The US dollar is trading in different directions against its main competitors. It weakened against euro, pound and Australian currency, but strengthened against Japanese yen. The dollar is under pressure due to the poor US building market data.

19.10.2017

Australian dollar showed growth during the morning session on October 19, having received support from optimistic macroeconomic releases from Australia. Along with that, after the release of the data from China investors corrected a number of positions, and the instrument lost almost all of its “bullish” advantages.

19.10.2017

The trend is upward. On the 4-hour chart the fifth wave v of 5 of the higher level is forming. Locally the upward momentum is forming as a wave (iii) of v. If the assumption is correct, the price will grow to the level of 102.80. The level of 94.83...

19.10.2017

The price can grow. The upward correction of the higher level is forming as a wave 2 of (С) as a zigzag abc. Locally the wave c of 2 is developing, within which the wave (iii) of c of the lower level has formed. If the assumption is correct, the...

19.10.2017

The pair can grow. On the 4-hour chart the development of the first wave (1) of the higher level has ended, and the downward correction (2) is forming. Locally the upward correction of the lower level is developing as a wave В, within which the growth of the pair within...

19.10.2017

The pair can fall. On the 4-hour chart the wave А is forming within the downward correction (2) of the higher level. At the moment the formation of the fifth wave v of A, within which the upward correction of the lower level (ii) of v is ending, has begun....

19.10.2017

EUR gained and USD fell slightly on no apparent reason that I can find. On the contrary, higher US Treasury yields should have supported USD. It may be that investors had shorted EUR/USD in expectations that the Spanish crisis would affect the pair more than it has (as I have),...

19.10.2017

Unemployment Rate publication is due at 02:30 (GMT+2) in Australia. The index is expected to stay on the same level of 5.6% in September. The data represents a percentage of the total labor force that is currently unemployed. A growth in the indicator is considered a negative factor for the...

19.10.2017

Employment Change publication is due at 02:30 (GMT+2) in Australia. The decrease of index to 15.0K in September from 54.2K in the previous month is expected. The indicator is a measure of the change in the number of employed people in Australia. A high reading is seen as positive for...

18.10.2017

Fed's Beige Book release is due at 20:00 (GMT+2) in the USA. The Beige Book reports on the current US economic situation. Through interviews with key business contacts, economists, market experts, and other sources are gathered by each of the 12 Federal Reserve Districts. The survey gives a picture of...

18.10.2017

As I mentioned in the morning, the Fed releases the “Summary of Commentary on Current Economic Conditions,” aka the Beige Book, as always two weeks before the next FOMC meeting. The book doesn’t have any number attached to it, but many research firms do calculate a “Beige Book index” by...

18.10.2017

Today the US dollar was growing against its main competitors. 

18.10.2017

Euro continues to decrease against USD in view of growing demand for the latter. The dollar received considerable support in view of positive comments by the Fed's representatives and the head. They all view the prospects of US economy development as promising and expect to keep the targets of further...

18.10.2017

Building Permits data are due at 14:30 (GMT+2) in the USA. The index is expected to fall to 1.25 million in September from 1.30 million in the previous month. The index shows the number of approved permits for building of new houses. Building volumes have close connections with consumer income....

18.10.2017

Cisco has presented its new portfolio of IT-solutions, based on the resent company’s achievement in the field of artificial intelligence development (Cisco AI). In addition, the company announced the update release for its infrastructure, focused on applications (Cisco ACI), which is the leading solution in the software-defined networking field.

18.10.2017

On Tuesday the GBP/USD pair continued to fall. September UK Consumer price index publication, which reflected the growth of inflation by 3.0% (5-year maximum), has supported pound in the short term. Investors hoped that the data would push the Bank of England to increase the interest rate, but Mark Carney’...

18.10.2017

Investment bank Cowen and Company reduced the outlook for Starbucks shares expecting the growth of competition with private coffee brands to have a negative impact on the company's store sales in 2018 FY. Moreover, additional pressure on the company will be put by the expansion of McCafé coffee brand by...

18.10.2017

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 moving sideways, having left the overbought zone. The Composite turned up towards its longer MA. 

18.10.2017

On the daily chart the instrument could not consolidate above the resistance level 0.7175 and began to fall. Bollinger Bands are pointed downwards, as the price range has narrowed, which reflects the possibility of changing of the downward trend. MACD histogram is in the negative zone, keeping a sell signal....

18.10.2017

In the D1 chart the pair was corrected to the middle line of Bollinger Bands. The price range is narrowing. MACD histogram is in the negative zone keeping a signal for the opening of short positions. Stochastic is in the neutral zone keeping a signal for the opening of sell...

18.10.2017

The pair USD/CAD continues to develop flat dynamics that is within a quite narrow price range. During trading on Tuesday, October 17, US dollar attempted to develop a “bullish” impulse formed in the beginning of the week, but the instrument failed to consolidate near new local maximims.

18.10.2017

Claimant Count Change publications is due at 10:30 (GMT+2) in the UK. The index is expected to grow by 1K in September from –2.8K in the previous month. It presents the number of unemployed people in the UK. A high reading is seen as negative for the GBP, while a...

18.10.2017

During the trading session on Tuesday, October, 17, Brent oil prices insignificantly grew, despite the prevailing of “bearish” moods during the day. Oil is under pressure of the growing US currency, which was supported by the US macroeconomic releases.

18.10.2017

ECB President Draghi's Speech is due at 10:10 (GMT+2) in the EU and will comment upon the current economical state in the Eurozone. Positive commentaries can strengthen EUR, as negative ones can weaken it.

18.10.2017

US dollar showed moderate growth against Japanese yen during trading on Tuesday, October 17, but failed to keep gained positions and closed near the zero level. 

18.10.2017

US dollar strengthened against the majors as a result of trading on Tuesday. It was supported by positive statements by Janet Yellen as well as the data on industrial output in the USA. According to releases, it grew by 0.3% in September from -0.7% a month earlier. The main macroeconomic...

18.10.2017

The price can grow. On the 4-hour chart the downward correction of the higher level has formed as a wave 2. At the moment the entering momentum of the lower level as a wave (i) of I has formed, and the development of the downward correction (ii) has ended. If...

18.10.2017

The trend is upward. On the 4-hour chart the fifth wave v of 5 of the higher level is forming. Locally the “bullish” momentum is developing as a third wave (iii), within which the formation of the wave v of (iii) of the lower level begins. If the assumption is...

18.10.2017

The pair is in correction. The price can fall. On the 4-hour chart the upward correction is developing as a wave (2) of the higher level, within which the wave А of (2) has formed. Locally the downward correction B of (2), within which the wave b of B of...

18.10.2017

The pair can grow. On the 4-hour chart the development of the downward correction as a fourth wave iv of the higher level has ended, and the formation of the fifth wave v has begun. Locally the first wave (i) of v, within which the wave i and ii of...

18.10.2017

Wow, did I get it wrong on GBP! It seems obvious in retrospect, but the point I didn’t think of was that Bank of England Gov. Carney had already said everything he was going to say about monetary policy and his comments at the Treasury Committee didn’t go any further....

17.10.2017

US dollar today has mixed dynamics against the majors.

17.10.2017

Australian currency stays in the upward channel against the US dollar. However, in the beginning of the week the AUD/USD pair significantly fell after the publication of positive US NY Empire State Manufacturing Index and positive USA Fed’s rhetoric. 

17.10.2017

Industrial Production release is due at 15:15 (GMT+2) in the USA. The MoM index is expected to grow to 0.2% in September from –0.9% in the previous month. It represents industrial output in the US. Is one of the major indicators of the state of the national economy and has...

17.10.2017

Last Friday, on October 13, Bank of America published a financial report for Q3 2017. 

17.10.2017

During the last week PayPal stocks grew by 1.63% against the growth of the S&P 500 index by 0.12%.

17.10.2017

The pair started the week with decrease acting on the basis of optimistic statements by the head of the Fed Janet Yellen. 

17.10.2017

BOE's Governor Carney speech is due at 12:15 (GMT+2) in the UK. Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee. He will comment upon the current economy situation in the country.

17.10.2017

Consumer Price Index is due at 12:00 (GMT+2) in EU. The MoM value is expected to grow to 0.4% in September from 0.3% in the previous month. It is the key indicator of inflation in the Eurozone and represents the change in the value of the basket of goods and...

17.10.2017

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 falling, having left the overbought zone. The Composite is falling as well, having broken down its longer MA. 

17.10.2017

The rate of WTI after a surge to the level of 3-weeks maximum at 52.58 moved to downward correction. However, generally the growth tendency remains. 

17.10.2017

Silver prices dropped as a result of trading on Monday, October 16, moving away from local maximum since September 18. 

17.10.2017

Consumer Price Index is due at 10:30 (GMT+2) in the UK. The YoY value is expected to grow to 3.0% in September from 2.9% in the previous month. The MoM index is expected to fall to 0.3% in September from 0.6% in the previous month. The index is one of...

17.10.2017

During the morning trading session on October, 17, New Zealand dollar grew against the US one, being supported by strong New Zealand consumer inflation data, but then it lost the gain.

17.10.2017

The British currency showed a fall against US dollar as a result of trading on Monday, October 16, moving away from local maximums updated last Friday. The reason for negative dynamics were new concerns about Brexit negotiations. Its participants failed to reach visible results despite 5 rounds of talks.

17.10.2017

On Monday the US dollar strengthened against most of the main currencies due to the lack of macroeconomic releases.

17.10.2017

Dow Jones index keeps setting new records. This time with the opening of the market the rate has reached the level of  22956.5. 

17.10.2017

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

17.10.2017

Upward trend restores. On the 4-hour chart the upward momentum within the fifth wave 5 of the higher level is forming. At the moment the fifth wave of the lower level v of 5 is developing, within it the downward correction (ii) has ended, and the formation of the wave...

17.10.2017

The price can fall. On the 4-hour chart the first wave i within the fifth wave (5) of the higher level is forming. At the moment the first entering wave of the lower level (i) has formed, and the downward correction (ii), within which the fall of the price to...

17.10.2017

The price can fall. The wave C of the higher level, within which the first wave i of C has formed, is developing. At the moment the downward correction is developing as a wave ii of C, within which the wave (b) is forming. If the assumption is correct, the...

17.10.2017

USD gained on two main factors:  1) an incredible surge in the Empire State manufacturing index, and 2) Trump meeting with and being impressed by John Taylor, inventor of the eponymious Taylor Rule for calculating an appropriate level for a central bank’s main rate. 

17.10.2017

RBA Meeting's Minutes publication is due at 02:30 (GMT+2) in Australia. The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. 

16.10.2017

Today US dollar has mixed dynamics against its main competitors.

16.10.2017

Gold price is aggressively growing due to the growth of the investors’ interest into the low risk assets. 

16.10.2017

During the previous week the stock of Netflix grew by 0.74%. S&P500 index gained 0.02% within the same period of time.

16.10.2017

Oil quotes started the week with growth and are now trading around the level of 52.30 (Murrey [3/8]). The reasons for this price increase are mainly geopolitical: yet another tightening of relations between the USA and Iran and the beginning of an armed conflict between the Iraqi government and the...

16.10.2017

During the last week 3M Company stocks grew by 0.55% against the growth of S&P 500 index by 0.02%.

16.10.2017

Previous week was positive for the NZD/USD pair, which grew by more than 100 points due to the weakness of USD, which has decreased against the main currencies. Despite the positive US statistics publication, the investors doubt if the interest will be raised 3 thrice in 2018, as Fed has...

16.10.2017

In the D1 chart downward movement is being corrected. The level of  111.55 acts as strong support. The instrument is trading near the lower border of Bollinger Bands. The indicator is reversing to the side, and the price range has narrowed which is the reason for the change of the...

16.10.2017

US dollar showed a fall against Swiss franc as a result of trading on Friday, October 13, updating a local minimum since the second of October. Along with that the “bears” failed to keep gained positions, and by the moment of closing of the daily session the instrument managed to...

16.10.2017

Last Friday the pair’s dynamics was controversial after the US consumer inflation and retail sales data publications, and now the US dollar is growing insignificantly against Canadian currency.

16.10.2017

At 11:00 (GMT+2) data on the trade balance of the Eurozone will be released. The indicator is the difference between the export and import of goods and services. A positive result indicates a surplus balance and strengthens the EUR. A negative result indicates a deficit in balance and weakens the...

16.10.2017

The AUD is falling against the USD during the morning session on October 16, while on Friday the pair was growing after the release of data from the US on consumer inflation and retail sales. 

16.10.2017

During the Friday’s trading session the US dollar decreased against most of the main currencies, except EUR.

16.10.2017

The price can grow. On the 4-hour chart the upward momentum as a fifth wave v within the third wave 3 of the higher level is forming. Locally the fifth wave of the lower level (v) of v of 3, within which the wave v of (v) is developing, is...

16.10.2017

The trend is upward. The upward momentum within the fifth wave v within the third wave of the higher level 3 is forming. At the moment the fifth wave of the lower level (v) of v of 3, within which the development the third wave iii of (v) is ending,...

16.10.2017

The pair can grow. On the 4-hour chart the third wave 3 of the higher level, within which the wave iii of 3 is developing, is developing. Locally the formation of the downward correction (ii) of iii has ended, and the development the third wave of the lower level (iii)...

16.10.2017

The pair can fall. On the 4-hour chart the wave А within the downward correction (2) of the higher level is forming. At the moment the development of the upward correction as a fourth wave of the lower level iv of A, which took a form of an irregular flat,...

16.10.2017

EUR was the biggest loser since last Friday, although the movement wasn’t that great. 

16.10.2017

At 06:30 (GMT+2) data on industrial production will be published in Japan. The indicator shows the change in the volume of industrial production in Japan and is one of the main indicators of the state of the national economy. The growth of the indicator leads to the growth of the...

13.10.2017

The US dollar fell against the major currencies amid disappointing data from the US. 

13.10.2017

Yesterday, the pound fell significantly due to an increase in the share of non-payments for loans and a decrease in mortgage lending in the UK. 

13.10.2017

The Consumer Price Index publication is due at 14:30 (GMT+2) in the USA. The YoY index is expected to grow to 2.3% in September from 1.9% in the previous month. The MoM index is expected to grow to 0.6% in September from 0.4% in the previous month. It indicates consumer...

13.10.2017

The Retail Sales statistics is due at 14:30 (GMT+2) in the USA. The index is expected to grow to 1.7% in September from –0.2% in the previous month. It indicates consumer spending and represents the change in the volume of retail sales. A growth in the index is the positive...

13.10.2017

WTI oil has broken the level of 5/8 Murray or 51.56 on the 4-hour chant. If the price can consolidate on this level, the next target will be at the level of 53.12. 

13.10.2017

Over the last week, eBay shares fell by 2.31%. For the same period, the S&P 500 index rose by 0.15%.

13.10.2017

Johnson & Johnson will publish its Q3 of 2017 report next Tuesday, October, 17, before the market opening. During the last 4 quarters the company has been publishing the financial results, which had exceeded The Wall Street analysts’ expectations by 2.2% on average.

13.10.2017

On the daily chart, the instrument is trading above the upper line of the Bollinger Bands. The price remains above its moving averages that are horizontal. The RSI is approaching the border of the overbought zone. The Composite is about to test its strong resistance level.

13.10.2017

During the trading session on Thursday, October, 12, European currency fell against the US dollar, stepping back from the maximum of September, 25. The downward trend is due to the positive US Initial Jobless Claims data and Producer Price Index, which let the investors hope that Friday’s Consumer Price Index...

13.10.2017

On the daily chart, the pair is trading just above the middle MA of the Bollinger Bands. The price remains below the EMA65, EMA130 and SMA200 that are directed down. The RSI turned down, having failed to reach the overbought zone. The Composite is falling as well, having broken down...

13.10.2017

On the daily chart, the pair is trading between the upper and middle lines of the indicator "Bollinger bands", the price range is narrowing. The MACD histogram is in the negative area, gradually reducing the volume. Stochastics crossed the border of the neutral area with the overbought zone, and is...

13.10.2017

During the trading session on October, 13, New Zealand dollar is strongly growing against the US one, renewing its highs since October, 5. The instrument is supported by the weak positions of USD, which is waiting for the consumer inflation data publication at 14:30 (GMT+2).

13.10.2017

The US dollar decreased against most of the main currencies.

13.10.2017

The pair declines under pressure of uncertainty around the Friday's consumer inflation report, which will be released later today. Recall that the recent minutes of the Fed meeting reflected the uncertainty that the growth rate of consumer prices are sufficient to raise the interest rate.

13.10.2017

The price is growing. The upward momentum within the third wave 3 of the higher level is developing. Locally the fifth wave of the lower level v of 3 is forming. If the assumption is correct, the price will grow to the level of 170.00. The level of 153.00 is...

13.10.2017

The price can grow. The upward correction as a wave В of the higher level is developing. Locally the wave a of B, within which the third wave of the lower level (iii) of a is developing, is forming. If the assumption is correct, the price will grow to the...

13.10.2017

The pair is in correction. The price can fall. On the 4-hour chart the upward correction as a wave (2) of the higher level, within which the wave А of (2) has formed, is developing. Locally the downward correction B of (2) is developing, within it the downward momentum is...

13.10.2017

The pair can grow. On the 4-hour chart the development of the downward correction as a fourth wave iv of the higher level has ended, and the formation of the fifth wave v has begun. Locally the first wave (i) of v is forming. If the assumption is correct, the...

13.10.2017

The EU’s chief Brexit negotiator, Michel Barnier, sent GBP plunging and then soaring. Early in the day he said there was a “deadlock” in the talks over the question of how much the UK would pay the EU to leave. Bad news! But later, the German newspaper Handelsblatt cited him...

13.10.2017

The Consumer Price Index publication is due at 08:00 (GMT+2) in Germany. The MoM index is expected to stay on the same level of 0.1% in September. The YoY index is expected to stay on the same level of 1.8% in September. The index represents the change in prices for...

12.10.2017

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

12.10.2017

ECB President Draghi's Speech is due at 16:30 (GMT+2). He gives press conferences in the back of how the ECB observes the current European economy. President's comments may determine positive or negative the Euro's trend in the short-term. Usually, if he shows a positive outlook, which is seen as positive...

12.10.2017

After the test of the lower border of the long term upward channel at the level of 1.1660 European currency got an upward momentum against dollar again. 

12.10.2017

Initial Jobless Claims publication is due at 14:30 (GMT+2) in the USA. The index is expected to fall to 251K in a week from 260K in the previous period. It represents the number of new unemployment claims and is published weekly on Thursdays. The indicator allows approximating what nonfarm payrolls...

12.10.2017

During the last week The Home Depot stocks decreased by 0.02% against the growth of the S&P 500 index by 0.26%.

12.10.2017

Over the last week, Adobe shares rose by 3.85%. The S&P 500 index for the same period increased by 0.26%.

12.10.2017

On the daily chart, the pair is trading in the upper Bollinger band. The price remains above the EMA14, EMA65 and EMA130 that start turning up, but below the SMA200, which is directed down. The RSI is about to test its longer MA, having turned down just below the border...

12.10.2017

Industrial Production publication is due at 12:00 (GMT+2) in the EU. The YoY index is expected to fall to 2.5% in August from 3.2% in the previous month. The MoM indicator is expected to grow to 0.5% in August from 0.1% in the previous month. Data on industrial production represents...

12.10.2017

AUD/USD is growing due to the USA FOMC Minutes publication, which has disappointed the investors. According to the report, the regulator doesn’t exclude the possibility of interest rate increase this year.

12.10.2017

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

12.10.2017

Prices for Brent crude oil did not change much on Wednesday, October 11, closing with a minimal "bullish" advantage due to the weak dollar. 

12.10.2017

British currency is moderately growing against the US dollar, renewing the weekly highs due to the increasing pressure on USD. The negative dynamics was supported by FOMC Minutes publication, which decreased the market’s belief in the interest rate rise in the end of 2017.

12.10.2017

Gold prices are rising during the morning session of October 12 amid weakness in the US currency after the Fed meeting. Recall that the Minutes of the meeting reflected the concerns of some members of the board on low inflation.

12.10.2017

The Dow Jones index continues to trade in an uptrend. At the moment the price is near the resistance level of +1/8 Murray or 22892.0, and if this level is broken, the next target will be the level of +2/8 Murray or 22968.8. 

12.10.2017

The US dollar is falling against its main competitors.

12.10.2017

The trend is upward. On the 4-hour chart the fifth wave v of 5 of the higher level is forming. Locally the third wave of the lower level (iii) is forming as a momentum. If the assumption is correct, the price will grow to the level of 102.80. The level...

12.10.2017

The trend is upward. The upward correction of the higher level as a wave 2 of (С) is forming as a zigzag abc. Locally the wave c of 2 is developing. If the assumption is correct, the price will grow to the level of 155.50. The level of 144.19 is...

12.10.2017

The pair is in correction. The price can fall. On the 4-hour chart the fifth wave (5) of the higher level is forming. At the moment the first entering wave of the lower level (i) has formed, and the downward correction (ii) is developing. If the assumption is correct, the...

12.10.2017

The pair is in correction. The price can fall. The wave C of the higher level, within which the first wave i of C has formed, is developing. At the moment the development of the downward correction as a wave ii of C has begun. If the assumption is correct,...

12.10.2017

Another day of dollar decline. The currency basically declined for most of the day. It tried to stage a rally several times, but each time when the move failed to recover the earlier high, it just collapsed further. The currency may be suffering from doubts about whether the Republicans can...

12.10.2017

Home Loans data are due at 02:30 (GMT+2) in Australia. The index is expected to fall to 0.5% in August from 2.9% in the previous month. The data on home loans represents the number of recently extended home loans. It is one of the key indicators of the property market....

11.10.2017

FOMC Minutes are due at 20:00 (GMT+2) in the USA. FOMC stands for The Federal It reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. The report affects the market significantly.

11.10.2017

The US dollar decreased against most of the main currencies, except the British pound. While the market is waiting for the FOMC Minutes publication, the trading activity is low.

11.10.2017

Over the last week shares of Wal-Mart grew by 6.20%. The S&P 500 index for the same period increased by 0.11%.

11.10.2017

After the significant growth in the second half of September, in the beginning of October dollar was trading in the wide sideways consolidation channel against Japanese yen. Increased investors’ demand on the US currency and the verbal support of Fed significantly supported USD. Summer local highs were supposed to be...

11.10.2017

The US dollar fell in price against the Canadian dollar yesterday amid lower yields on US government bonds. 

11.10.2017

Silver is growing against the fall of the US bonds yield and decrease of the geopolitical tense in Spain and North Korea. 

11.10.2017

During the last week Alibaba Group stocks grew by 2.55% against the growth of the S&P 500 index by 0.11%.

11.10.2017

Oil quotes have been growing for three trading sessions in a row. Over the past day, WTI rose by 3.10% and reached the level of 51.28. 

11.10.2017

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 falling, having left the overbought zone. The Composite is falling as well. 

11.10.2017

Since the beginning of the week, the pair is developing an upward correction due to weak positions of the US currency before the publication of the Fed Meeting Minutes. In addition, investors are waiting for the release on consumer inflation in the US for September, which will once again assess...

11.10.2017

During the trading session on Tuesday, October, 10, the US dollar is strongly going down against Swiss franc and stepped away from the local highs, renewed in the end of the last week.

11.10.2017

Yesterday, the Australian dollar received support from the macroeconomic data from Australia and the weakness of the US currency on the eve of the publication of the Fed's reports and inflation data from the US for September. In addition, traders are concerned about the situation with the tax reform proposed...

11.10.2017

The US dollar continues to fall against most of the main currencies due to the lack of key macroeconomic issues. 

11.10.2017

The price is in correction. On the 4-hour chart the downward correction of the higher level has formed as a wave 2. Locally the entering momentum of the lower level has formed as a wave (i) of i, and the downward correction (ii) is developing. If the assumption is correct,...

11.10.2017

The trend is upward. On the 4-hour chart the fifth wave v of 5 of the higher level is forming. Locally the “bullish” momentum is developing as a third wave (iii), within which the wave iii of (iii) of the lower level has ended. If the assumption is correct, the...

11.10.2017

The pair can grow. On the 4-hour chart the development of the third wave 3 of the higher level, within which the wave iii of 3 is developing, continues. Locally the formation of the downward correction (ii) of iii has ended, and the development the third wave of the lower...

11.10.2017

Correction is ending. The pair can fall. On the 4-hour chart the wave А is forming within the downward correction (2) of the higher level. At the moment the development of the upward correction as a fourth wave of the lower level iv of A, which has taken a shape...

11.10.2017

The drama in Catalonia played out with relatively little drama. Catalan President Carles Puigdemont declared independence, as he had threatened, but immediately suspended the declaration to allow time for talks with the central government through an international mediator. The national government rejected the request as they say the referendum was...

11.10.2017

Westpac Consumer Confidence index is due at 02:00 (GMT+2) in Australia. It captures the level of sentiment that individuals have in economic activity reflecting respondents' evaluations of their family finances over the past and coming year, expectations about the one-year and five-year economic conditions and views about current buying conditions...

10.10.2017

The US dollar is weakening against the main currencies.

10.10.2017

The British currency has moved into an active stage of upward correction against US dollar after a considerable fall in late September-early October. 

10.10.2017

During the last week Alcoa stocks decreased by 1.22% against the growth of the S&P 500 index by 0.04%.

10.10.2017

The data on NIESR GDP growth assessments are due at 14:00 (GMT+2). The indicator monitors the dynamics of the UK economic growth in the recent 3 months. The values of the report may influence the monetary policy of the country. High values of the indicator support GBP, and negative ones,...

10.10.2017

During the previous week the stock of Alphabet Inc. increased by 2.49%. S&P500 went up by 0.04% within the same period of time. Comparing the company's multipliers with those of its competitors, we can say that the stock of Alphabet Inc. are neutral.

10.10.2017

Brent Crude Brent is in the correction after the price has reached its local minimum at the level of 55.00, which is strong psychological support level. 

10.10.2017

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 leaving the overbought zone having formed a Bearish divergence with the price. The Composite is falling as well, having broken down its longer...

10.10.2017

As a result of last week's trading the pair NZD/USD lost a considerable number of positions in view of strong macroeconomic releases from the USA which made the pair drop to minimal levels since June 2017. 

10.10.2017

US dollar slightly grew against the Canadian currency during trading on Monday, October 9, having partially compensated the fall of the instrument last Friday. Monday market activity was low because both US and Canadian banks were closed due to national holidays. 

10.10.2017

During the trading session on Monday, October, 9, European currency insignificantly grew against the US dollar and continued the correctional growth, which has formed last Friday. On Monday the trading activity was low, as the banks in the USA were closed due to Columbus Day celebration.

10.10.2017

US dollar slightly grew against the Japanese yen as a result of trading on Monday, October 9, although “bearish” tendencies dominated through the day. This uncertain dynamics of trading was explained by holidays both in the USA and Japan.

10.10.2017

The data on industrial output are due at 10:30 (GMT+2). The indicator is expected to remain unchanged on the level of 0.2% in August. YoY the indicator is expected to grow to 0.8% in August from 0.4% a month earlier. The indicator shows the value of the UK production output...

10.10.2017

On the D1 chart the pair returned to growth after correction. The instrument is moving within the corridor formed by the lower and middle lines of Bollinger Bands. MACD histogram is in he negative area keeping a signal for the opening of sale orders. However, the volumes are gradually reducing....

10.10.2017

Due to the absence of macroeconomic releases the US dollar dropped against the majors (except yen).

10.10.2017

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

10.10.2017

The price can fall. On the 4-hour chart the upward momentum has formed within the fifth wave 5, and the development of the downward correction of the higher level has begun. At the moment the “bearish” momentum is forming as a first wave i, within which the correctional fourth wave...

10.10.2017

The pair can grow. On the 4-hour chart the upward correction as a wave (2) of the higher level, within which the wave А of (2) is forming, is developing. Locally the fifth wave of the lower level v of A is developing. If the assumption is correct, the pair...

10.10.2017

The pair can grow. On the 4-hour chart the development of the downward correction as a fourth wave iv of the higher level has ended, and the formation of the fifth wave v is beginning. Locally the reversal of the price is forming. If the assumption is correct, the pair...

10.10.2017

GBP was the surprise leader overnight, after the UK statistics office revised up its estimate for labor costs in 2Q. That suggests inflationary pressures may be more than people had thought. Also, there’s talk of a Cabinet shuffle in Britain to strengthen PM May’s position. Good luck! The government is...

10.10.2017

The data on the trading balance will be released at 08:00 (GMT+2). Balance proficiency is expected to increase to 20.3 bln euro in August against 19.5 bln a month earlier. The indicator shows gap between export and import of goods and services in monetary terms. Positive value means trade balance...

10.10.2017

A statement by Reserve Bank of Australia deputy head Guy Debelle is due at 05:20 (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...

10.10.2017

The head of the Bank of Japan Kuroda is to make a statement at 02:30 (GMT+2). The head of the Bank of Japan Haruhiko Kuroda holds a press conference on monetary policy issues.

10.10.2017

The data on retail sales with the use of electronic payment cards are due at 00:45 (GMT+2). The indicator is expected to grow to 0.7% in September from -0.2% a month earlier. The indicator specifies the number of purchases made with the use of credit and debit cards and shows...

09.10.2017

US dollar is showing mixed dynamics against the majors in view of empty macroeconomic calendar.

09.10.2017

The pair EUR/USD has been trading in a slow downward channel for the past two weeks. The pair made several attempts to break down the lower boundary of the long-term upward channel, which were unsuccessful.

09.10.2017

During the previous week the stock of Tesla increased by 4.63%. S&P500 gained 0.09% within the same period of time. Comparing the company's multipliers to those of its competitors, we can say that Tesla shares are neutral.

09.10.2017

Cisco and Telenor Group announced the creation of a new business unit that will offer mobile operators a platform for cloud solutions to increase innovative products and reduce launching time.

09.10.2017

On the daily chart, the pair is falling along the lower line of the Bollinger bands. The price remains below the EMA14, EMA65 and EMA130 that start turning down, but above the SMA200. The RSI is about to test the border of the oversold zone. The Composite starts forming a...

09.10.2017

On the daily chart, the pair is trading just below the upper line of the Bollinger Bands. The price remains above the EMA14, EMA65 and EMA130 that start turning up, but below the SMA200, which is still directed down. The RSI is testing its strong resistance. The Composite begins forming...

09.10.2017

Silver prices updated local minimums since the beginning of August during trading last Friday, October 6, reacting to the release of a mixed report on the US labor market. 

09.10.2017

The New Zealand dollar fell against the US dollar at the end of the previous trading week and reached new local lows.

09.10.2017

The British pound dropped as a result of trading on Friday, October 6, marking a new local minimum since September 7. The reason for another wave of growth was the report on the US labor market published on Friday.

09.10.2017

The upward trend is in force. On the 4-hour timeframe, the upward pulse is still forming as the fifth wave v within the third higher-level wave 3. Locally, apparently, the development of the fifth wave of the lower level (v) of v of 3 continues, within which a wave v...

09.10.2017

The uptrend continues. Presumably, the upward momentum is being formed within the fifth wave v as part of the third wave of the higher level 3. At the moment, the fifth wave of the lower level (v) of v of 3 is developing, within which the correction in the wave...

09.10.2017

The upward trend is in force. On the 4-hour chart, presumably, the development of the fourth wave (4) of the higher level was completed, and the formation of the wave (5) began. At the moment, the first lower level input wave (i) is being formed, within the framework of which...

09.10.2017

The probability of the increase remains. Presumably, the higher level wave C is still developing, and within it the first wave i of C is being formed. At the moment, correction is being completed as a wave (iv) of i of C. If the assumption is true, then the price...

09.10.2017

Dow Jones index continues to trade near its historical values. The current rate is 22765.0 and the nearest support level is at 22685.1. 

09.10.2017

In view of uncertain statistics from the US labor market released on Friday US dollar demonstrated mixed dynamics.

09.10.2017

There’s not much on the schedule today, and with the US market thinned out for the Colombus Day holiday, activity is likely to be particularly slow.  

09.10.2017

The data on German industrial output is due at 08:00 (GMT+2). The indicator is expected to increase to 4.5% MoM in August from 0.0% a month earlier. The index shows the volumes of production in the German industrial sector and is considered one of the main indicators of the national...

06.10.2017

downward correction is nearing completion.

06.10.2017

The US dollar grew rapidly after the USA employment market data publication. The negative Nonfarm Payrolls data were ignored by the market, as the consequences of the recent hurricanes could distort the statistics. The index was –33K in September against 169K in the previous month. The markets focused on the...

06.10.2017

Ivey PMI is due at 16:00 (GMT+2). The index is calculated by Ivey Business School and gives estimation of current economic conditions in the country. The values above 50 show that business activity is increasing, thus strengthening CAD. The values below 50 show business decline, weakening CAD.

06.10.2017

American currency continues to strengthen against yen due to the growth of the investors' demand for USD and decreased appetite for low-risk assets. The upward trend in the pair has changed into the consolidated side channel before key US releases at the end of the trading week. Today the main...

06.10.2017

Yesterday the pair USD/CAD strengthened in view of strong macroeconomic report on the US labor market and positive data on the trading balance in the previous month. Moreover, the value of the US industrial orders indicator was above the outlooks, while the trading balance of Canada for the previous month...

06.10.2017

The data on employment rate changes are due at 14:30 (GMT+2). The indicator is expected to reduce to 14.5K in September from 22.2K a month earlier. The indicator shows the dynamics of the number of employed persons. The growth of the indicator shows economic development and strengthens CAD, and its...

06.10.2017

The data on average hourly salary are due at 14:30 (GMT+2). The indicator is expected to grow to 0.3% in September from 0.1% a month earlier. The indicator shows the value of labor. High values strengthen USD, and low ones weaken it.

06.10.2017

The data on new nonfarm payrolls will be released at 14:30 (GMT+2). The indicator is expected to reduce to 90K from the previous value of 156K. This is one of the main employment indexes in the USA showing the number of employees outside the farming industry. Higher values indicate job...

06.10.2017

Visa will report for Q4 2017 and the whole year on October 25. During the previous three quarters of the financial year the company reported the results above market expectations which led to Visa shares gaining over 36%. Visa Europe consolidation allowed to company to increase its annual revenue forecast...

06.10.2017

Exxon Mobil reported that since May, 2017, it has strengthened its presence in Permian Basin to 9K ha, which has significantly increased the current reserves in the amount of 6 billion barrel of oil equivalent in the region.

06.10.2017

US dollar is growing against the New Zealand one before the Nonfarm Payrolls publication in the USA. It is supported by the positive Initial Jobless Claims data, published yesterday, the decrease of trade deficit and growth of factory orders. Yesterday a number of Fed’s members made “hawkish” commentaries, which affected...

06.10.2017

After the week fall oil prices has entered the upward correction. As a result Brent price grew by more than 2% and reached the level of 56.80 during a day. Generally, from the technical point of view Brent growth potential isn’t exhausted yet, but the fundamental background suggests otherwise. Taking...

06.10.2017

During the trading session on Thursday, October, 5, Australian dollar significantly decreased against the US one after the disappointing Retail Sales data publication. The Australian index decreased by 0.6% MoM after the fall by 0.2% MoM in July, while analysts expected positive dynamics at the level of +0.3% MoM.

06.10.2017

Gold prices considerably dropped as a result of trading on Thursday, October 5, updating a local minimum since August 9. The instrument was under pressure from quite optimistic signals from the USA that supported USD and gave hope for yet another increase of the interest rate before the end of...

06.10.2017

US dollar continues to trade in the upward trend against Swiss franc reaching local maximums since the end of May before the release of the key report on the US labor market on Friday, October 6.

06.10.2017

The upward correction as a wave В of the higher level is developing. Locally the wave a of B, within which the correctional second wave of the lower level (ii) of a has ended, is forming. If the assumption is correct, the price will grow to the levels of 69.20–71.25....

06.10.2017

The development of the upward momentum within the third wave 3 of the higher level has ended, and the formation of the downward correction as a fourth wave 4 has begun. Locally the wave a of 4 of the lower level is developing, within it a diagonal is forming and...

06.10.2017

On the 4-hour chart the third wave 3 of the higher level is developing, within which the wave iii of 3 is developing. Locally the formation of the downward correction (ii) of iii is ending. If the assumption is correct, the pair will grow to the levels of 1.3660–1.4000. The...

06.10.2017

On the 4-hour chart the downward correction (2) of the higher level is forming. At the moment the wave А of (2), within which the correctional fourth wave of the lower level iv of A is forming, is developing. If the assumption is correct, the pair will fall to the...

06.10.2017

USD had an up day as US yields moved modestly higher and risk-on sentiment improved. The Spanish situation calmed down somewhat after Spain's Constitutional Court ordered Catalonia’s Parliament to suspend its planned session on independence. US factory orders beat estimates, while durable goods orders were revised higher.

05.10.2017

The market is apparently not that concerned about the Catalan situations. EUR/USD didn’t move particularly lower as the situation there worsened, and today it hasn’t gained as the situation there improved. Spain’s spread over Germany came in by about 10 bps today and an auction of Spanish government bonds saw...

05.10.2017

The US dollar is growing against its main competitors, supported by positive US macroeconomic statistics. The Initial Jobless Claims index was better than expected and reduced to 260K in a week from 272K in the previous period. The USA trade balance deficit decreased to 42.4 billion USD in August from...

05.10.2017

The British currency continues to trade in the downward trend against USD due to the growth of dollar's investment attractiveness and negative statistics from the UK. At the end of September the pair moved away from the key resistance level of 1.3615, and a downward wave started to form. The...

05.10.2017

Factory Orders publication is due at 16:00 (GMT+2) in the USA. The indicator is expected to grow to 1.0% in September from –3.3% in the previous month. The index represents the change in the volume of factory orders and allows estimating the pace of the growth of the industrial sector....

05.10.2017

Initial Jobless Claims is due at 14:30 (GMT+2) in the USA. The indicator is expected to fall to 265K this week from 272K in the previous period. It represents the number of new unemployment claim and is published weekly on Thursdays. The indicator allows approximating what nonfarm payrolls will be....

05.10.2017

The European currency continues to trade in the downward trend. A short term change in the tendency may appear if the currency consolidates above 1.1831. Euro is still under pressure from the political factor, namely the referendum for the independence of Catalonia. In view of this the return on Spanish...

05.10.2017

Within the restructure of business in order to strengthen its position on the global electrification General Electric is getting rid of the non-core assets. The company announced that it will sell its business of technological solutions for industry for 2.6 billion USD to Swiss company ABB. Earlier this week General...

05.10.2017

Mastercard and PayPal announced considerable widening of their partnership in Europe, Canada, Latin America, Middle East, Africa, and the Caribbean. Taking into account these regions and recent mutual expansion to the markets of the USA and the Asian Pacific Region, the companies have reached a global level of collaboration. 

05.10.2017

Account of the monetary policy meeting contains an overview of the current economic situation, commentaries on the recent monetary policy decisions and macroeconomic forecasts.

05.10.2017

Since the beginning of the week the WTI crude oil price has been falling, and now the instrument is trading around key psychological level of 50$ per barrel. Yesterday the EIA Crude Oil Stocks change report was published, which reflected the decrease of the recourses by 6.023 million barrel. On...

05.10.2017

On Wednesday the pair XAG/USD reduced in view of the release of positive statistics for USD: Markit services PMI amounted to 55.3 points which was higher than expected (55.1 points) and ISM services PMI also exceeded expectations and made up 59.8 points against 55.5. Strong ADP data on the level...

05.10.2017

During the trading session on Wednesday, October, 4, the US dollar decreased against Japanese yen, but was restored most of the loss by the end of the day. USD is under the pressure due to the speculations upon the next Fed’s head candidate, who will determine the further monetary policy...

05.10.2017

During the trading session on Wednesday, October, 4, the New Zealand dollar moderately grew against the US dollar, breaking the 3-day falling trend of the pair, which has placed it to the local lows since the beginning of September. However, by the end of the day kiwi has lost most...

05.10.2017

US dollar is moderately reducing against the Canadian currency marking a new local maximum on Tuesday, October 3. Investors are waiting for the release of a report on the US labor market on Friday and prefer locking in a part of profits instead of opening new positions. In view of...

05.10.2017

On the 4-hour chart the “bullish” momentum is developing within the fifth wave of the higher level 5. Locally the third wave of the lower level (iii) of v of 5 is forming. If the assumption is correct, the price will grow to the level of 102.80. The level of...

05.10.2017

The upward correction of the higher level is forming as a wave 2 of (С). Locally the development of the wave a of 2 has ended, and the correction is forming as a wave b of 2. If the assumption is correct, the price will fall to the level of...

05.10.2017

On the 4-hour chart the upward correction is developing as a wave (2) of the higher level, within which the wave А of (2) has formed. Locally the development of the downward correction of the lower level as a wave В of (2) has begun. If the assumption is correct,...

05.10.2017

On the 4-hour chart the development of the downward correction as a fourth wave iv of the higher level has ended, and the formation of the fifth wave v has begun. Locally the first wave of the lower level (i) is developing. If the assumption is correct, the pair will...

05.10.2017

US dollar is falling against the majors. Having played on the positive statistics from the USA on ISM services PMI and ADP data, market players started to sell the US currency again. As a result the pair EUR/USD grew by 0.19% and is trading around 1.1762. The pair GPB/USD is...

05.10.2017

Consumer Price Index is due at 09:15 (GMT+2) in Switzerland. The YoY index is expected to grow to 0.6% in September from 0.5% in the previous month. The MoM index is expected to grow to 0.2% in September from 0.0% in the previous month. The index represents changes in prices...

05.10.2017

USD ended the day higher against most other G10 currencies after an exceptionally strong non-manufacturing ISM index (59.8 vs 55.5 expected). However, much almost half of the rise was apparently due to weather conditions delaying supplier deliveries, so the impact later faded to leave USD up only modestly. The much-awaited...

05.10.2017

Trade Balance publication is due at (GMT+2) in Australia. The surplus is expected to grow to 875 million USD in September from 460 million in the previous month. The data on trade balance represents the difference between the value of exports and imports. Positive values imply the balance is in...

04.10.2017

Fed's Yellen Speech is due at 21:15 (GMT+2). The Fed’s head’ commentaries upon the current economy situation and monetary policy can increase the volatility of the USD.

04.10.2017

ECB President Draghi's Speech is due at 19:15 (GMT+2). Mario Draghi gives commentaries on current economic conditions in the Eurozone. Positive commentaries strengthen the EUR, while negative commentaries weaken the EUR. 

04.10.2017

After the publication of ADP Employment Change data in the USA the US dollar began to grow against most of the main currencies, but is still in a red zone. According to the report, the index grew to 135K in September against the expected value of 125K.

04.10.2017

Fed Chair Janet Yellen will give opening remarks at an annual Fed conference on “Community Banking in the 21st Century.” Her remarks will be 15 minutes max, so don’t expect anything revolutionary. In fact I doubt if she’ll say anything of importance, but given that it’s Yellen, even trivial comments...

04.10.2017

During yesterday's trading Australian dollar's fall stopped at 0.7834. In the absence of important news in the market on Tuesday market volatility was quite low. In this situation market participants decided to fix their positions.

04.10.2017

ISM Non-Manufacturing PMI publication is due at 16:00 (GMT+2) in the USA. The index is expected to grow to 55.4 points in September from 55.3 points in the previous month. The index represents employment change in non-agricultural sectors. It is based on data from about 500 thousands companies in the...

04.10.2017

At the end of September the European currency showed considerable downward correction against USD, and then the impulse died down. The pair has reached the key support level and the lower border of the long-term upward channel  1.1715 and then moved to the consolidated side channel. The end of the...

04.10.2017

The Walt Disney has reached a preliminary agreement with Altice, which is forth large cable network in the USA, that the broadcasting cost of sport-entertainment and news company channels will be increased. The news has supported The Walt Disney stocks since the beginning of the week. In the nearest months...

04.10.2017

Research agency  eMarketer reduced the forecast of Snap Inc.'s revenue from advertising in 2017 which is the second correction of the forecast this year. Annual advertising revenue of Snap Inc. in the USA is expected to make $642.5 mln against $770 mln. Announced before. Consolidated revenue of the company has...

04.10.2017

ADP Employment Change publication is due at 14:15 (GMT+2) in the USA. The index is expected to fall to 135K in September from 237K in the previous month. The index represents employment change in non-agricultural sectors and is based on data from about 500 thousands companies in the US. A...

04.10.2017

After the repeated test of the support level of 0.7145 the NZD/USD pair was corrected to the area of the middle line of Bollinger Bands (0.7187), but the downward trend maintains. 

04.10.2017

The Dow Jones index continues to update the records — this time the price reached 22656.3. The demand for US stock indices grows largely due to good macroeconomic data, thus, the PMI exceeded forecasts and reached 60.8 points, against the forecast of 58 points. The total volume of automobile sales...

04.10.2017

WTI oil price went down, getting close to the psychological level of 50 USD per barrel against the significantly strengthening of the US dollar and OPEC oil production growth in September. API Crude Oil Stocks change, published yesterday, didn’t significantly support the instrument. However, the oil recourses decreased by 4.079...

04.10.2017

Markit Services PMI publication is due at 10:30 (GMT+2) in the UK. The September index is expected to stay on the same level of 53.2 points. The index evaluates the state of the services sector. It is based on surveys of executives of the companies operating in the services sector...

04.10.2017

On Tuesday, the pair XAU/USD rose slightly, pushing away from the mid-August lows. The reason for the upward trend was the corrective mood on the dollar prior to the next report on the US labor market at the end of the week.

04.10.2017

The US dollar is trading in different directions against the main currencies. Today the investors are focused on the Markit Services PMI publications in the EU at 10:00 (GMT+2) and UK at 10:30 (GMT+2). The key macroeconomic release of the day is ADP Employment Change publication in the USA. The...

04.10.2017

Markit Services PMI publication is due at 10:00 (GMT+2) in the EU. The September index is expected to stay on the same level of 55.5 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....

04.10.2017

The British pound declined against the US dollar on Tuesday, October 3rd, updating the local minimum of September 14th. The pound was under pressure of disappointing macroeconomic data from UK, as well as comments about Brexit. Today, the pair is being corrected, as investors prefer to close some of the...

04.10.2017

On the 4-hour chart the fifth wave v of 5 of the higher level is forming. Locally the “bullish” momentum is developing within the third wave (iii) of the lower level. If the assumption is correct, the price will grow to the level of 41.78. The level of 36.66 is...

04.10.2017

On the 4-hour chart the downward correction of the higher level has formed as a wave 2. Locally the development of the entering momentum of the lower level (i) of I is ending. If the assumption is correct, the price will grow to the level of 42.50 after the downward...

04.10.2017

On the 4-hour chart the development of the fourth wave (4) of the higher level has ended, and the formation of the wave (5) has begun. At the moment the first entering wave of the lower level (i) has formed, and the development to the downward correction as a wave...

04.10.2017

The wave C of the higher level, within which the first wave i of C has formed, is developing. At the moment the formation of the downward correction as a wave ii of C has begun. If the assumption is correct, the price will fall to the levels of 111.80–110.95....

04.10.2017

USD was the weakest major currency, as usual, as US bond yields fell modestly and Fed fund rate expectations retreated. The cause seems to be a news story that former FOMC member Kevin Warsh and current Fed Gov. Jerome Powell are the front-runners to take over from Janet Yellen when...

03.10.2017

The US dollar is trading in different direction against the main currencies. The EUR/USD pair, supported by the positive EU Producer Price Index, grew by 0.17% and is trading around 1.1749. According to the report, the index has grown to 2.5% in August from 2.0% in the previous month.

03.10.2017

Bank of America will continue to re-purchase its own shares in view of increase of dividend payments. At the end of 2017 the company is planning to return its investors about $14.2 bln. The major part of this sum will come from the shares repurchase program (about 5% of the...

03.10.2017

Starbucks reported cancelling of the online business. The company will focus on the outlets. The liquidation sales with a more than 50% discount will last for 6 weeks. Starbucks signed the agreement with its long-standing partner Maxim’s Caterers Limited, which is the leading operator of some brands in Asia. Within...

03.10.2017

In September USD considerably strengthened against yen due to the growth of investors' interest to the US currency which caused the demand for low-risk assets, such as gold and yen, to go down. In the first part of September the pair rapidly grew and then moved to a flatter upper...

03.10.2017

Downward movement is in correction in the D1 chart. The nearest strong support level is 16.50, and breaking through it will be a signal for the opening of short positions. Bollinger Bands have reversed downwards, while the price range has widened which is the basis for the continuation of the...

03.10.2017

Canadian dollar is weakening against the US one; the USD/CAD pair has been moving upwards during three weeks and gained around 20 points on Monday. The growth is due to the US strong macroeconomic data publication: ISM Manufacturing PMI has reached the level of 60.8 points, significantly exceeding the expectations....

03.10.2017

Brent quotes dropped by 1.29% to the level of 56.05 after the release of OPEC data that indicated the growth of oil production among cartel members by 120K barrels to 32.83 mln barrels a day. Today market players will pay attention to initial data from API on weekly changes of...

03.10.2017

Producer Price Index is due at 12:00 (GMT+2) in the EU. The YoY index is expected to grow to 2.3% in August from 2.0% in the previous month. The index represents a price change on goods, produced in the Eurozone. A growth in the index, generally, supports the EUR. A...

03.10.2017

Silver prices dropped as a result of trading on Monday, October 2, updating a local minimum since August 9. The instrument was under pressure from the strengthening of the IS currency in view of optimistic macroeconomic statistics and the traders' expectations about yet another increase of the interest rate by...

03.10.2017

During the trading session on October, 3, the New Zealand dollar is going down against the US one, renewing lows since September, 5. USD is supported by positive statistics from the USA, published yesterday. On the other hand, NZD is under the pressure after the Q3В NZIER Business Confidence data...

03.10.2017

AUD reduced on Monday, October 3, after the release of the RBA decision on the interest rate. As expected, the regulator kept the rate on the level of 1.5%. In the follow-up statement it pointed out growing risks of economic slowdown due to the strong national currency. Generally, RBA forecasts...

03.10.2017

PMI Construction publication is due at 10:30 (GMT+2) in the UK. The index is expected to fall to 50.8 points in September from 51.1 points in the previous month. The index evaluates the state of the construction sector. It is based on surveys of executives of the biggest construction companies...

03.10.2017

US dollar is still strengthening against the majors. It is supported by positive macroeconomic statistics from the USA. According to the releases, Markit manufacturing PMI grew to 53.1 points in September, and ISM manufacturing PMI increased to 60.8 points in September from 58.8 points a month earlier. 

03.10.2017

On the 4-hour chart the upward momentum is forming as a fifth wave 5 of the higher level. Locally the fifth wave of the lower level v of 5, within which the correction (ii) of v has ended, is forming. If the assumption is correct, the price will grow to...

03.10.2017

On the 4-hour chart the upward momentum within the fifth wave 5 has formed, and the development the downward correction of the higher level has begun. At the moment the “bearish” momentum is forming as a first wave i, within which the fourth correctional wave (iv) of the lower level...

03.10.2017

On the 4-hour chart the downward correction (2) of the higher level is forming. At the moment the wave А of (2), within which the third wave of the lower level iii of A is forming, is developing. If the assumption is correct, the pair will fall to the levels...

03.10.2017

On the 4-hour chart the third wave 3 of the higher level is developing, within it the wave iii of 3 is developing. Locally the downward correction (ii) of iii is forming. If the assumption is correct, the pair will fall to the levels of 1.3200–1.3100. The level of 1.3426...

03.10.2017

Not much to write about today! No US or Canadian statistics coming out. About the only number of note today is the UK construction PMI. Following yesterday’s manufacturing PMI, which fell slightly more than expected (to 55.9 vs 56.2 expected, 56.7 previous) this one is expected to be at least...

03.10.2017

The RBA Rate Statement contains commentaries regarding the most recent decision on interest rates.

03.10.2017

RBA Interest Rate Decision is due at 05:30 (GMT+2) in Australia. The index is expected to stay on the same level of 1.5%. RBA makes a decision, according to the current economy state and the inflation level. An increase in interest rates strengthens the AUD. 

03.10.2017

MoM HIA New Home Sales data publication is due at 02:00 (GMT+2) in Australia. The data on new home sales is released by the Housing Industry Association (HIA). It represents the change the number of new home sales. A growth in the indicator suggests economic growth and strengthens the AUD....

02.10.2017

US dollar continues to consolidate against the majority of its competitors. The pair EUR/USD lost 0.43% and dropped to the level of 1.1735 under the pressure of weak data from Eurozone on the manufacturing PMI and the level of unemployment. Later on the investors are waiting for the release of...

02.10.2017

During the last few days the GBP/USD pair was trading without any certain direction. The price couldn’t break the resistance level of 1.3420, despite of the weakness of USD. If the dynamics maintains, the falling of the pair is expected.

02.10.2017

The pair continues to move within the downward correction channel during a major part of September and the beginning of October. In the end of the previous week EUR moved from the resistance level of 1.1830 (upper border of the downward channel) against UD and moved down again. Today euro...

02.10.2017

Since the beginning of the year The Wall Street investors and analysts are focused on the PayPal choice in the mergers and acquisitions field. The company increases the monetary position, and according to the 1 half of the 2017 year report, has increased around 7 billion USD excluding debts. The...

02.10.2017

HP Inc. reported the success implementation of the new 3D printing solutions in the European and Asian markets. The company has extended the partnership with existing clients, such as BMW Group, Jabil, Johnson & Johnson and Nike. In addition, HP Inc. added Henkel to its client’s number, which will become...

02.10.2017

Oil is supported by OPEC and IEA, which reported the growth of the global raw demand. In addition, the US oil production industry cannot work fully due to the hurricane Harvey consequences, which is supporting the strengthening of oil, too.

02.10.2017

US dollar is showing growth against Japanese yen during the morning session on October 2, restoring to previous local maximums updated last Wednesday, September 27. The growth of the instrument is facilitated by uncertain macroeconomic statistics from Japan, although macroeconomic data from the USA gives few signals for the strengthening...

02.10.2017

US dollar started a new week against CAD with trading in the flat staying around local maximums undated in the end of the previous week. The weakening of the Canadian currency on Friday, September 29, was supported by weak data on Canadian GDP. In July Canadian economy showed zero growth...

02.10.2017

During the trading session on Friday, September, 29, gold was falling, despite of the controversial US macroeconomic August personal income and outcome data publication. The investors reacted to the statistics moderately, as they were ready for the weak data after the natural disasters in the USA. The market participants are...

02.10.2017

Last week New Zealand dollar reduced against USD, and the pair lost about 90 points. The fall was mainly explained by the decision of the Reserve Bank of New Zealand to keep interest rates unchanged. Its officials pointed out that until the level of inflation reduces, the direction of RBNZ...

02.10.2017

After the opening of the new trading week US dollar is strengthening against the majors. The pair EUR/USD after strengthening at the end of the previous week opened with a gap down by over 20 points and currently continues to reduce trading around the level of 1.1765. From the fundamental...

02.10.2017

The upward momentum within the fifth wave v is forming within the third wave of the higher level 3. At the moment the fifth wave of the lower level (v) of v of 3 is developing, within it the wave iii of (v) has formed, and the correction is developing...

02.10.2017

On the 4-hour chart the upward momentum is forming as a fifth wave v within the third wave 3 of the higher level. Locally the fifth wave of the lower level (v) of v of 3 is developing. If the assumption is correct, the price will grow to the level...

02.10.2017

On the 4-hour chart the upward correction is developing as a wave (2) of the higher level, within which the wave А of (2) has formed. Locally the development of the downward correction of the lower level as a wave В of (2) has begun. If the assumption is correct,...

02.10.2017

On the 4-hour chart the downward correction is developing as a fourth wave iv of the higher level. Locally the wave (с) of iv, within which the fall of the pair to the level of 0.7725 is expected, is forming. The level of 0.7858 is critical for this scenario.

02.10.2017

Today we get the final manufacturing purchasing managers’ indices (PMIs) from those countries that announce preliminary versions (France, Germany, EU and US), as well as the US version from the Institute of Supply Management (ISM), the original version of this indicator. For those countries that have already announced preliminary versions,...
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