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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Mar 2017

24.03.2017

Canadian Consumer Price Index is due at 14:30 (GMT+2). It is forecasted that the indicator will fall to 0.2% in February compared to 0.9% a month earlier. The indicator shows the changes in price of the basic market basket. High values are considered an indication of rate rise. The growth...

24.03.2017

Data on demand for durable goods are due at 14:30 (GMT+2). It is forecasted that the indicator will fall to 1.2% in February from 2.0% a month earlier. The index demonstrates changes in the prices for durable goods including vehicles that have been in use for over 3 years. The...

24.03.2017

From the beginning of the week Caterpillar stock dropped by 3% due to the reduced sales volume in February 2017 and continuing tax inspections. 

24.03.2017

During the last week the DuPont stocks lowered by 0.06% against the lowering of the S&P 500 index by 1.32%.

24.03.2017

On the daily chart the pair is corrected to the middle line of the Bollinger Bands indicator, moving sideways within the narrow channel formed by the borders of the indicator. The MACD histogram is near the zero line, its volumes are minimal, the signal line is moving sideways along the...

24.03.2017

On the daily chart, the instrument is trading on the middle MA of Bollinger Bands. The price remains on the level with its moving averages that are horizontal. The RSI is approaching its longer MA. The Composite is testing its strong resistance. 

24.03.2017

US dollar managed to strengthen against majors except GBP. Yesterday's mixed statistics on initial and secondary jobless claims had almost no impact on USD. During the week the number of initial claims increased up to 258K, and secondary ones declined to 2 million. Congress vote on the cancellation of Obamacare...

24.03.2017

The EUR is trading with the slight lowering against the USD. The key resistance is 5/8 Murray or 1.0775 and 4/8 as a support: 1.0744. If the EUR is set above 1.0780, the next target will be at 1.0812.

24.03.2017

Markit Manufacturing PMI is due at 11:00 (GMT+2). It is forecasted that the indicator will fall by 55.3 points in March compared to 55.4 points a month earlier. The index is built on the assessment of current economic situation in the industrial and service sectors made by the heads of...

24.03.2017

Markit Services PMI is due at 11:00 (GMT+2). It is forecasted that the indicator will fall to 55.3 points in March compared to 55.5 points a month earlier. The index shows economic conditions in services sector, and prospects for further development. Values above 50 are perceived as a positive signal...

24.03.2017

Due to the weakening of the US dollar within the past two weeks and economic risks in Europe in view of the upcoming election in Germany, France, and the Netherlands, as well as Brexit investors' attention returned to precious metals. 

24.03.2017

Last week the GBP began to grow after the Bank of England interest rate decision. The growth continued despite the pessimistic expectations of the Article 50 implementation in this month. 

24.03.2017

The price is in correction. The upward momentum within the third wave iii of 3 has formed. Locally the downward correction as a wave iv of 3, within which the wave (с) is forming, is developing. If the assumption is correct, the price will lower to the level of 170.13....

24.03.2017

The correction is ending. The growth is expected. On the 4-hour chart the upward momentum within the third wave 3 of the highest level is forming. Locally the development the downward correction as a fourth wave iv of 3, within which the zigzag (a)(b)(c) has formed, is ending. If the...

24.03.2017

The price is in correction. The pair can grow. The third wave of the highest level iii of C, within which the entering first wave (i) as a momentum has formed, is developing. Locally the upward correction as a wave (ii), shaped as a zigzag, is developing. If the assumption...

24.03.2017

The growth within the correction is expected. The upward correction as a second wave ii of the highest level has formed and the development of the third wave iii has begun. Locally the downward momentum as a wave (i) of iii has formed. If the assumption is correct, the pair...

24.03.2017

The data on the trading balance of New Zealand is due at 23:45 (GMT+2). The indicator shows gap between export and import of goods and services in monetary terms. A positive value indicates balance proficiency (positive balance) and consolidates NZD, and a negative one shows balance deficiency (negative balance) and...

23.03.2017

Today, US dollar is trading in both directions against its main competitors. USD gradually gained ground against EUR and reached the level of 1.0770 (growth by 0.24%), and in the pair with AUD it dropped to 0.7625 (by 0.66%). Against GBP the US dollar weakened — the price increased to...

23.03.2017

Consumer Confidence data is due at 17:00 (GMT+2). The indicator is expected to grow to -5.8 points in March against -6.2 points in the previous month. The indicator shows the level of consumer confidence in the current economic situation. High values are considered a positive signal and support EUR, while...

23.03.2017

During the last two weeks the pair is traded in the downward trend, as the CHF is growing against the USD. The pair was falling despite the negative trade balance data and the National Bank of Switzerland quarter report rhetoric against the strong CHF. The lowering was strengthened by the...

23.03.2017

The further lowering is possible in case of downward breakout the level of 110.70. On the 4-hour chart the price has been lowering for the last three weeks. At the moment the price is moving towards the level of 110.70, which it has tested once. The breakout of the level...

23.03.2017

Due to positive statistics of retail sales in the UK in February the pair GBP/USD made another step to local maximums today. The main movement catalysts in the end of the week will be labor market data and US durable goods orders. Special attention should be paid to decisions regarding...

23.03.2017

The “bulls” are on the level of 1.0800, trying to reach the level of 1.0850, which inspires the other traders and pushed the pair to the level of 1.1000.

23.03.2017

This week the pair tested the level of 0.7075 several times (Fibo correction 38.2%). The market was a bit disappointed by the results of the meeting held by Reserve Bank of New Zealand. As expected, the rate was left on the same level of 1.75%, and RBNZ head Graeme Wheeler...

23.03.2017

The data on initial jobless claims in the USA is due at 14:30 (GMT+2). The indicator is expected to decline to 240 thousand from 241 thousand in the previous week. The value indicates the number of new jobless claims. The index is published every Thursday and shows the value of...

23.03.2017

During the last week the HP Inc. shares lowered by 1.94% against the lowering of the S&P 500 index by 1.28%.

23.03.2017

During last week, General Electric stock decreased by 0.77%. S&P500 index went down by 1.28% during the same period. 

23.03.2017

Janet Yellen's Speech is due on 14:00 (GMT+2) today. Comments of FOMC's head may lead to increased USD volatility.

23.03.2017

During the trading session on Wednesday the gold prices grew by 0.38% due to the weakening of the USD. The price met the resistance level of 1251.21 and was slightly corrected. The traders’ activity lowered in expectation of the Head of the FRS Janet Yellen Speech today (14:45 GMT+2).

23.03.2017

On the daily chart, the instrument is trading in the upper Bollinger band. The price remains above the EMA65, EMA130 and SMA200 that are directed up. The RSI is testing its longer MA. The Composite is approaching its last month support. Both indicators have formed a Bearish divergence with the...

23.03.2017

The data on UK retail sales are due at 11:30 (GMT+2). It is forecasted that on monthly basis, the indicator will rise to 0.4% in February from -0.3% a month earlier. On year-on-year basis, the indicator is expected to grow to 2.6% in February from 1.5% in January. The indicator...

23.03.2017

The trading sessions were almost calm and the prices of the main currency pairs changed insignificantly due to the absence of macroeconomical releases.

23.03.2017

American Petroleum Institute and US Department of Energy have reported about increasing reserves of petrochemicals for two days. In view of this data the quotes of oil are declining. 

23.03.2017

The price is in correction. The upward momentum as a third wave iii within the fifth wave 5 of the highest level is developing. Locally the momentum in the third wave of the lower level (iii) has formed and the downward correction as a wave (iv) is developing. If the...

23.03.2017

The trend is upward. The third wave 3 of the highest level, within which the first entering the wave i of 3 as a momentum is forming, is forming. Locally the third wave of the lower level (iii) of I is developing. If the assumption is correct, the price will...

23.03.2017

The growth of the pair is expected. The downward correction as a wave 2 of the highest level is forming. Locally the wave c of 2, within which the “bearish” momentum as a wave (i) of c has formed, is developing. If the assumption is correct, the pair will grow...

23.03.2017

The trend is upward. Locally the pair is in correction. The third wave iii of 3 of the highest level is forming. Locally the upward momentum as a first entering wave (i) of iii has ended and the downward correction (ii) is developing. If the assumption is correct, the pair...

22.03.2017

The Reserve Bank of the New Zealand Interest Rate Decision is due at 22:00 (GMT+2). The Reserve Bank of New Zealand announces its decision on interest rates. A rate increase strengthens the NZD. A rate decrease weakens the NZD.

22.03.2017

Today the US dollar is slightly strengthening against all the main competitors. This growth is almost technical: the prices are corrected after the great increase on Tuesday. By the noon the EUR lowered against the USD by 0.22% (the pair lowered to 1.0780) and the GBP — by 0.30% (the...

22.03.2017

Shortly before the meeting of Reserve Bank of New Zealand NZD/USD is consolidating around the level of 0.7030.

22.03.2017

In case of the consolidation of the price above the upcoming fan the continuation of the price growth is possible. On the 4-hour chart the price reached the level of 1247.30 (correction 76.4%) and according to the Fibonacci sequence can continue to grow in the next few days. On the...

22.03.2017

Growth recovery to 12008.0 is expected. On the 4-hour chart the price broke down through the level of 11904.5 (correction by 38.2%) but stopped on the 50% line of the ascending fan. This indicates the possibility of a turn to 12008.0 (correction by 23.6%, middle line of Bollinger Bands) and...

22.03.2017

In the end of February the pair reversed from the sideway consolidation to the growth due to the negative Canada fundamental background. 

22.03.2017

The Housing Price Index is due at 15:00 (GMT+2). It represents property prices dynamics. A high reading strengthens the USD. A low reading weakens the USD.

22.03.2017

During the last week the stock of 3M Company grew by 0.95%. S&P500 index decreased by 1.67% within the same period. 

22.03.2017

From the beginning of the week the Bank of America shares lowered by more than 7% due to come negative factors of the USA bank sector. 

22.03.2017

Brent oil remains under pressure. The next important support level is at 50.29. If the price breaks through it, the next target will be 48.50-49.00.

22.03.2017

On the daily chart, the pair is trading on the lower line of Bollinger Bands. The price remains below the EMA14, EMA65 and EMA130 that start turning down, but above the SMA200, which is still directed up. The RSI is testing the border of the oversold zone. The Composite is...

22.03.2017

US dollar continued to drop against majors except for AUD. Due to the absence of relevant macroeconomic releases the pair EUR/USD increased by 0.64% and reached maximum level from February 2, 2017 (1.0828).

22.03.2017

After the investors' disappointment in the rate of FOMC's monetary policy followed by the fall of US dollar the traders once again paid attention to precious metals. Silver grew over 17.00 and yesterday tested 17.50.

22.03.2017

For the second week AUD has been rapidly growing against US dollar. Yesterday the pair traded around its 4-months maximum — over the level of 0.7700. MoM of Reserve Bank of Australia and Housing Price Index published last night weakened the pair a bit. 

22.03.2017

The trend is upward. On the 4-hour chart the upward momentum within the third wave iii of 5 of the highest level has formed. Locally the downward correction as a fourth wave iv of 5, which is forming as a zigzag (a)(b)(c), is developing. If the assumption is correct, to...

22.03.2017

The price is in correction. The lowering is possible. On the 4-hour chart the upward momentum within the third wave of the highest level iii of 3 has formed. Locally the downward correction as a fourth wave iv of 3 as a zigzag is developing. If the assumption is correct,...

22.03.2017

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

22.03.2017

The lowering of the pair is expected. The fifth wave 5 of the highest level, within which the development the upward correction as a wave ii of 5 is ending, is forming. Locally the ending wave (c) of ii, within which the momentum has formed, has developed. If the assumption...

22.03.2017

The Reserve Bank of Australia Assist Governor Debelle Speech is due at 04:40 (GMT+2). Guy Debelle is Assistant Governor at the Reserve Bank of Australia. He has oversight of the Bank's operations in the domestic and global financial markets.

22.03.2017

Bank of Japan Monetary Policy Meeting Minutes is due at 01:50 (GMT+2). The Bank of Japan releases an overview of current economic conditions in the country and assesses economic prospects.

21.03.2017

Today US dollar is weakening against all the main competitors. It lowered by 0.86% against the EUR (the pair grew to 1.0810) and by 0.95% against the GBP (the pair grew to 1.2470). The European investors’ optimism is due to the two factors. The candidate for the President of France...

21.03.2017

The pair is balanced, and now is waiting for the breakouts of the key levels 0.9920 and 1.0010. On the 4-hour chart the pair is traded in the area of correction cluster of 61.8% and 23.6% near the level of 0.9975 and can’t stet from it. The key level for...

21.03.2017

Within over two months from the beginning of the year the Australian currency strengthened against USD by more than 550 points and reached key levels of 0.7700 and 0.7735. 

21.03.2017

On the daily chart the pair is traded within the middle line and the lower border of the Bollinger Bands indicator, the growth of price slowed. The MACD histogram is in the negative zone, its volumes are minimal, the signal line crosses the zero line downwards, giving a signal to...

21.03.2017

During the previous week Cisco stock grew by 0.53%. S&P500 index went down by 0.01% during the same period.

21.03.2017

During the last week the Facebook shares grew by 0.24% against the lowering of the S&P 500 index by 0.01%.

21.03.2017

On the daily chart, the pair is trading just below the upper line of 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 has formed a...

21.03.2017

Yesterday trading took place in the relatively calm market and in the absence of macroeconomic releases. Major quotes changed insignificantly. During the day US dollar traded in both directions against majors. 

21.03.2017

The data on net public sector borrowings is due at 11:30 (GMT+2). The indicator is expected to increase to GBP 2.500 bln from GBP -9.842 bln in the previous month. The indicator describes net state indebtedness. Positive values mean budget deficiency and weaken GBP, and negative ones indicate proficiency and...

21.03.2017

Consumer Price Index is due at 11:30 (GMT+2). It is forecasted that on monthly basis, the indicator will rise to 0.5% in February from -0.5% a month earlier. On year-on-year basis, the indicator is expected to grow to 2.1% in February from 1.8% in January. Consumer Price Index is one...

21.03.2017

Another growth of the active oil rigs number in the USA and the growth of the oil production led to the fall of the oil prices in the end of the last week, and yesterday the lowering continued almost to the level of 51.00 dollar per barrel. However in the...

21.03.2017

During the last week NZD kept growing against USD. The currency strengthened regardless of GDP growth slowdown, weak trade balance, and yet another drop of prices for dairy products.

21.03.2017

The gold is traded at the level of 1228.52 at the moment. It is supported by the FRS commentaries upon the dynamics of the interest rate growth. The USD was also pressed by the Industrial Production data, which didn’t show the growth rate, which reflects the slowing of the economy. 

21.03.2017

Currently GBP is trading within the range of 1.2435-1.2322. During the last week the British currency gained about 250 points. This was due to excellent indicators of the national economy: the unemployment rate dropped to 4.7% that is a 42-year minimum. However, there are still few reasons to be optimistic,...

21.03.2017

The trend is upward. The downward correction as a wave (ii) of iii has formed. Locally the development of the third wave (iii), within which the entering momentum has formed, has begun. If the assumption is correct, the price will grow to the level of 46.50. The level of 41.66...

21.03.2017

The correction continues. The price can lower. On the 4-hour chart the development upward momentum as a third wave of the highest level iii of 5 has ended. Locally the downward correction as a fourth wave iv of 5, within which the wave (c) of iv is developing, is forming....

21.03.2017

The correction is ending. The pair can lower. The upward correction as a wave ii of С of the highest level has formed and the development the third wave iii of C has begun. Locally the entering momentum of the first wave (i), within which the correction iv of (i)...

21.03.2017

The growth within the correction is expected. The upward correction as a second wave ii of the highest level has formed and the development the third wave iii has begun. Locally the downward momentum as a wave (i) of iii has formed. If the assumption is correct, the pair will...

21.03.2017

RBA Meeting Minutes will be released at 02:30 (GMT+2). The document is published two weeks after making the decisions regarding the interest rate and contains comments on the results of the meeting. The minutes also contains information about the votes of certain Monetary Policy Committee members.

20.03.2017

The German Bundesbank President Weidmann speech is due at 18:45 (GMT+2). His commentaries can lead to the growth of volatility.

20.03.2017

In the first half of the day the US dollar dropped down closer to its main competitors, but by now it has regained strength. 

20.03.2017

The USD/JPY pair is trading in the wide sideway channel due to the changing of the investors’ moods about the USD. After the publication of the interest rate decision the USD is rapidly lowering due to the Janet Yellen commentaries upon the further steps of the FRS in the monetary...

20.03.2017

On the daily chart, the pair is trading on the middle MA of Bollinger Bands. The price remains below the EMA65, EMA130 and SMA200 that are horizontal. The RSI is growing and breaking out its longer MA. The Composite is testing its strong resistance. 

20.03.2017

During the previous week Exxon Mobil shares grew by 0.48%. S&P500 index for the same period dropped by 0.13%.

20.03.2017

During the last week the Wal-Mart stocks lowered by 0.30% against the lowering of the S&P 500 index by 0.13%.

20.03.2017

Brent quotes are moving in the narrow range with the borders from 51.40 to 52.21. The market is relatively calm with low trade activities. The quotes of oil are under pressure of the data released by Baker Hughes on Friday about the increase of the number of drilling rigs in...

20.03.2017

The last week was positive for the EUR/USD pair due to the “dovish” FRS mood of the interest rate rise and the positive for the EUR Netherlands Elections result. The growth o the pair slowed in the end of the week due to the traders’ fixing the profit, which presses...

20.03.2017

On the daily chart, the instrument is correcting up from the lower line of Bollinger Bands. The price remains just below its moving averages that are horizontal. The RSI is growing having formed a small “double bottom” reverse formation last week. The Composite is testing its end of last month...

20.03.2017

During the Friday trading session the US dollar continued to lower against all the main currencies, excluding EUR. The EUR/USD pair lowered by 0.29%, however today on the opening trading session the prices bounced from the support level 1.0730 tried to grow.

20.03.2017

Last week the pound gained ground after the Bank of England made its decision regarding the interest rate and published the minutes of its meeting on monetary policy. The strengthening of the pound took place following the weakening of the US dollar after FOMC's decision regarding the interest rate. As...

20.03.2017

Last week no relevant data was available from Canada. The dynamics of the pair was mainly determined by the decision of FOMC regarding the interest rate leading to the decrease of the pair by 150 points. By the end of the week the pair increased by several positions and reached...

20.03.2017

Upward trend is strong. Assumingly, an upward impulse in the fifth wave 5 of the higher level continues forming. Locally, the third wave iii of 5 seems to be developing, within which the fifth wave (v) of iii is expected to form with the aim in the region of 69.00....

20.03.2017

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

20.03.2017

Assumingly, a downward correction in wave ii of 3 has finished. Locally, a downward impulse in wave (c) of ii seems to have formed and if the assumption is correct, pair’s growth is expected to resume towards the levels of 1.0060, 1.0106. Critical for this scenario is the level of...

20.03.2017

Growth possibility remains. Assumingly, a downward correction ii of 3 had formed within which a zigzag had developed. Locally, an upward impulse in the first wave (i) of iii seems to be developing and if the assumption is correct, pair’s growth will continue towards the level of 0.7800. Critical for...

20.03.2017

The Producer Price Index is due at 09:00 (GMT+2). The MoM index is expected to lower to 0.2% In February from 0.7% in the previous month. The YoY index is expected to grow to 2.9% in February from 2.4% in the previous month. Represents the wholesale prices change from producers....

17.03.2017

17.03.2017

17.03.2017

17.03.2017

Today in the morning the USD lowered against the EUR and the GBP, but after the publication of the EU trade balance data (the surplus was 15.7 billion against the expected 22.3 billion) the prices went down. The EUR/USD, pair lost 0.49% (lowered to 1.0730). After the correction the GBP/USD...

17.03.2017

The oil market is unstable again. On the one hand, uncertainty about the future fate of the OPEC + agreement puts pressure on the oil price, and quotes are going down.

17.03.2017

On Thursday the pair was corrected to the level of 0.6970 due to the weak New Zealand GDP data publication. The 4 quarter of 2017 index (0.4%) was significantly lower than expected. The investors consider this as an additional reason for the RBNZ to keep the interest rate on the...

17.03.2017

After a substantial growth on Wednesday amid the Fed Interest Rate Decision, the pair is consolidating in a range of 0.7660-0.7700. The regulator, in line with expectations, raised the interest rate by 25 basis points and Fed Chair Janet Yellen noted that further tightening in monetary policy is going to...

17.03.2017

The Capacity Utilization data are due at 15:15 (GMT+2). The index is expected to grow to 7 5.5% in February from 7 5.3% in the previous month. It is the percentage expression of the production capacity utilisation in the economy of the country. It represents economic growth and the level...

17.03.2017

The Industrial Production index is due at 15:15 (GMT+2). The MoM index is expected to grow to 0.2% in February from - 0.3% in the previous month. It represents industrial output in the US. It is one of the major indicators of the state of the national economy and has...

17.03.2017

During the last week the United Technologies Corp. shares grew by 0.37% against the growth of the S&P 500 index by 0.33%.

17.03.2017

During the last week the Verizon stocks grew by 1.54% against the growth of the S&P 500 index by 0.33%.

17.03.2017

On the daily chart, the pair is trading just above the lower line of Bollinger Bands. The price remains below the EMA14 and EMA65 that start turning down, but above the EMA130 and SMA200 that are directed up. The RSI is approaching its last month support, having failed its longer...

17.03.2017

The Trade Balance data are due at 12:00 (GMT+2). The surplus is expected to lower to 22.3 billion EUR in January from 24.5 billion EUR in the previous month. The indicator represents the difference between the value of exports and imports. Positive values imply the balance is in surplus and...

17.03.2017

On the daily chart the pair is testing the resistance level of 1.3325. The Bollinger Bands indicator is pointed upwards; the price range is shrinking, reflecting the possibility of the change of the current trend. The MACD histogram is in the positive zone; its volumes are decreasing, keeping a sell...

17.03.2017

The US dollar continued to strengthen against its main competitors. The macroeconomic statistics released yesterday in the EU and the US could not significantly affect the dynamics of EUR/USD. 

17.03.2017

After the significant lowering of the USD due to the FRS interest rate decision and the commentaries upon the further monetary policy the investors’ attention is drawn to the raw materials and precious metals market. After the week-long lowering silver returned back, tested the level of 17.40, but didn’t cross...

17.03.2017

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

17.03.2017

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

17.03.2017

The pair can grow. The upward correction as a wave 4 of the highest level, within which the wave b of 4 has ended, is forming. Locally the entering first wave (i) is forming. If the assumption is correct, the pair will grow to the level of 1.2476-1.2705. The level...

17.03.2017

Upward correction is ending. The fifth wave 5 of the highest level, within which the upward correction as a wave ii of 5 is developing, is forming. Locally the ending wave (c) of ii, which is ready to end, is developing. If the assumption is correct, the pair will lower...

17.03.2017

After the increased activity of the markets on Wednesday because of the decision of the US Federal Reserve on the interest rate and subsequent comments of the head of the Fed, the dollar weakened, and the pair USD/JPY returned below the level of 114.00.

17.03.2017

On the daily chart the pair was corrected to the middle lint of the Bollinger Bands indicator. The price will move within the sideway channel between upper and lower border of the indicator.

16.03.2017

After the significant lowering on Wednesday, caused by the negative reaction of the market to the results of the FRS meeting, today the USD is stable and is trading against the main competitors in the narrow channels. The exception is the GBP, as the USD weakened against it by 0.58%...

16.03.2017

During first two trading weeks of March, NZD was decreasing against USD, as investors become interested in US dollar due to strong macroeconomic releases. 

16.03.2017

The development of the upward trend in the middle term period is possible. On the 4-hour chart the price is trying to consolidate above the correction cluster 17.40 (38.2% for the short term and the middle term trend).In this case the price can grow to the levels of 17.62 (correction...

16.03.2017

On the daily chart, the pair is trading below the lower line of Bollinger Bands. The price remains on the level with the SMA200 but below the EMA14, EMA65 and EMA130 that start turning down. The RSI is approaching its beginning of the year support. The Composite is testing its...

16.03.2017

The results of the yesterday FRS meeting were accepted controversially. On the one hand, the interest rate was increased, as expected, from 0.75% to 1.00%. On the other hand, the further growth rate of the monetary policy tightening will not be increased in the near future.

16.03.2017

The GBP/USD pair substantially strengthened during yesterday trade, which was a market reaction to the results of the FOMC meeting, having reached the level of 1.2300. Despite the regulator in line with expectations hiked an interest rate by 0.25%, the tone of its monetary policy statement left the Bulls disappointed. 

16.03.2017

Last week, price of Alcoa shares decreased by 2.34%. S&P500 index went up by 0.82% during the same period.

16.03.2017

The Initial Jobless Claims index is due at 14:30 (GMT+2). The index is expected to lower to 240K this week from 243K in the previous week. Represents the number of new unemployment claims. It is published weekly on Thursdays. Allows approximating what nonfarm payrolls will be. A fall in the...

16.03.2017

During the last week the Procter & Gamble stocks grew by 1.40% against the growth of the S&P 500 index by 0.84%.

16.03.2017

The Bank of England Interest Rate Decision is due at 14:00 (GMT+2). The value is expected to stay on the same level of 0.25%. Depending on the current economic situation and the level of inflation, the Bank of England makes its decision on the interest rate. The rate increase strengthens...

16.03.2017

On the daily chart, the instrument is trading just below the middle MA of Bollinger Bands. The price remains on the level with the EMA65 and EMA130 but below the SMA200, all are directed horizontally. The RSI is growing and approaching its longer MA. The Composite is testing its longer...

16.03.2017

The Consumer Price Index data are due at 12:00 (GMT+2). The MoM value is expected to grow to 0.4% in February from - 0.8% in the previous month. It is the key indicator of inflation in the Eurozone. It represents the change in the value of the basket of goods...

16.03.2017

US dollar decreased against majors despite the fact that FOMC increased the interest rate to 1.00%. Yesterday, traders concentrated on J. Yellen comments on FOMC interest rate decision, hoping to get more or less precise information on further interest hikes, which must happen twice more this year according to FOMC...

16.03.2017

On Tuesday and Wednesday oil began to grow after the test of the level of 50.90 dollar per barrel. The last OPEC report of oil production limitation was positive for the oil prices. Yesterday the EIA Crude Oil Stocks change showed the lowering of oil resourced, which supported the oil,...

16.03.2017

The Swiss National Bank Interest Rate Decision is due at 10:30 (GMT+2). The value is expected to stay on the same level of - 0.75%. The Swiss National Bank announces its decision on interest rates. A rate increase strengthens the CHF, while a decrease weakens the CHF.

16.03.2017

Last week, AUD was decreasing due to the positive US economy data and RBA leaving the interest rate unchanged at the its previous minimum level. 

16.03.2017

The trend is upward. The upward momentum as a third wave iii within the fifth wave 5 of the highest level is developing. Locally the momentum in the third wave of the lower level (iii) has formed and the downward correction as a wave (iv) is developing. If the assumption...

16.03.2017

The price is in correction. The growth is possible. The third wave 3 of the highest level, within which the first entering the wave i of 3 as a momentum is forming, is forming. Locally the third wave of the lower level (iii) of i has ended and the downward...

16.03.2017

The pair can lower. The wave С of the highest level is forming. Locally the upward correction as a wave ii of C has developed and the formation of the third wave iii of C, within which a momentum as an entering first wave (i) has begun. If the assumption...

16.03.2017

The pair can lower. The upward correction as a second wave ii of the highest level has formed. Locally the development the third wave, within which the downward momentum as a wave (i) of iii is forming, has begun. If the assumption is correct, the pair will lower to the...

16.03.2017

The Bank of Japan Monetary Policy Statement is due at 07:30 (GMT+2). During a press conference, voting results regarding the recent interest rate decision are announced. 

16.03.2017

The Bank of Japan Interest Rate Decision is due at 04:00 (GMT+2). The value is expected to stay on the same level of - 0.1%. The Bank of Japan announces its decision on interest rates. A rate increase strengthens the JPY, while a decrease weakens the JPY.

16.03.2017

The Employment Change s.a. data are due at 02:30 (GMT+2). The MoM index is expected to grow to 16.0K in February from 1 3.5K in the previous month. The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people...

16.03.2017

The data on New Zealand GDP are due at 23:45 (GMT+2). It is expected that from one quarter to the next, the indicator will fall to 0.7% in Q4 compared to 1.1% during previous period. On YoY basis, the indicator will fall to 3.1% in Q4 from 3.5% during previous...

15.03.2017

FOMC Press Conference is due today at 20:30 (GMT+2). After announcing FOMC's decision on interest rate, Janet Yellen is going to answer questions regarding current economic situation in the USA.  Comments of the Chair of the Board of Governors have significant influence on the market and are able to strengthen...

15.03.2017

FOMC's decision of the interest rate is due today at 20:00 (GMT+2). It is forecasted that the interest rate will be raised to 1.00% from the current value of 0.75%.  FOMC is going to announce its decision on interest rate. This indicator is very important for the economy and influences...

15.03.2017

US dollar was decreasing against its main competitors, but managed to return to its positions. American currency lost the most points against GBP: during the day, quotes were reaching 1.2255 (0.83% growth). British currency is strengthening because of several factors: positive labor market data (unemployment rate decreased from 4.8% to...

15.03.2017

This week, the pair stabilized after two-week growth and now is trading within the range of 3.7620-3.7150. Today, traders are waiting for FOMC's decision on interest rate.

15.03.2017

From the end of the February the GBP lowered against the USD, then reached the upper border of the downward range and began to grow, as the USD was falling due to the negative USA employment market data publication.

15.03.2017

The NZD is growing against the USD due to the expectations of the FRS interest rate decision, despite the fact that the traders expect the increasing of the rate. The positive factors for the NZD are the high economic activity from China and the Current Account data publication. The GDP...

15.03.2017

During yesterday's trade session, EUR/USD was weakening while waiting for FOMC's decision on interest rate, going down below 1.0620.  

15.03.2017

Today the FRS will announce the interest rate decision. The traders expect the rate to be increased by 25 basis points, so the investors’ attention is drawn to the Fed's Monetary Policy Statement and the Head of the FRS Janet Yellen’s press-conference. 

15.03.2017

During the last week The Home Depot stocks grew by 0.78% against the lowering of the S&P 500 index by 0.07%.

15.03.2017

Consumer Price Index is due at 14:30 (GMT+2). It is forecasted that on monthly basis, the indicator will rise to 2.7% in January from 2.5% a month earlier. It is the key indicator of inflation in the country. Represents the change in the value of the basket of goods and...

15.03.2017

The data on retail sales are due at 14:30 (GMT+2). It is forecasted that on monthly basis, the indicator will decrease to 0,1% in January from 0.4% a month earlier. This indicator reflects consumer spending and  represents the change in the volume of retail sales.  Growth of the index is...

15.03.2017

Last week, Pfizer shares increased by 0.68%. S&P500 index went down by 0.07% during the same period.

15.03.2017

On the daily chart, the instrument is trading just above the lower line of Bollinger Bands having formed five consecutive closes below it. The price remains just above the SMA200 but below the EMA14, EMA65 and EMA130 that start turning down. The RSI is testing the border of the oversold...

15.03.2017

The data on Jobless Claims is due at 11:30 (GMT+2). It is forecasted that the indicator will amount to -5,0K in February compared to -42.2K a month earlier. The indicator shows the amount of British citizens not having a job. Higher values weaken GBP, lower values strengthen it.

15.03.2017

During yesterday's trading session, US dollar managed to gain ground against most of its main competitors. There were no important macroeconomic releases yesterday, so investors took their chance to lock in the profits for short dollar positions before today's FOMC's session (20:00 GMT+2).

15.03.2017

On Monday and Tuesday there was no significant news from Japan, so the pair dynamics was determined only by the factors affected the USD, which was restoring after the last week fall. The pair grew and tested the level of 115.60.

15.03.2017

On Friday, US dollar weakened significantly, and mostly positive data on labor market of Canada were released. As a result, yesterday the pair tested support level of 1.3440 and pulled back, aiming at resistance of 1.3540.

15.03.2017

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

15.03.2017

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

15.03.2017

The pair is in correction. The lowering is possible. The first wave i within the third wave 3 of the highest level has formed. Locally the downward correction ii of 3, within which the wave (a) has formed and the development of the wave (b) is ending, is developing. If...

15.03.2017

The pair can grow. The downward correction ii of 3, within which the wave (a) has formed, is forming. Locally the wave (b), within which the pair can grow to the level of 0.7630, is developing. The level of 0.7538 is critical for this scenario.

15.03.2017

The data on industrial output is due at 06:30 (GMT+2). It is expected that in January, the indicator will remain unchanged at the level of 0.8%. It reflects changes in Japan's industrial output and shows the state of national economy. Growth of this indicator leads to national currency growth, decrease...

14.03.2017

US dollar is still decreasing against its main opponents, market is making allowances for possible FOMC interest rate hike on Wednesday. By this time, dollar strengthened against euro by 0.22% (to 1.0625), to Australian dollar — by 0.39% (to 0.7539), to pound — by 0.85% (to 1.2110).

14.03.2017

In the end of last week the pair grew significantly and reached the key resistance level of 115.50 due to the investors’ interest to the USD growth. After the growth the dollar lowered due to the Nonfarm Payrolls index release, which was below the previous values. 

14.03.2017

The pair started the week growing to 0.7585 (23.6% correction), but currently it makes an attempt to continue decreasing, waiting for FOMC session. This session starts today, but key decision on interest rate will be made on Wednesday. 

14.03.2017

During the yesterday trading session the Brent oil price didn’t change significantly and consolidated around the level of 51.00, being significantly pressed. The new data shows that the experts expect the largest MoM growth of the shale oil resources in April, as the oil companies report the increasing of oil...

14.03.2017

Producer Price Index is due at 14:30 (GMT+2). It is forecasted that on monthly basis, the indicator will decrease to 0,1% in January from 0.6% a month earlier. The indicator shows changes in producer prices. Higher values strengthen the USD, low values weaken it.

14.03.2017

During last week, DuPont shares grew by 1.78%. S&P500 index went up by 0.07% during the same period.

14.03.2017

During the last week The Walt Disney shares grew by 0.77% against the growth of the S&P 500 index by 0.07%.

14.03.2017

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 formed a Bearish divergence with the price. The Composite is about to test its longer MA, showing similar dynamics. 

14.03.2017

The data on industrial output is due at 12:00 (GMT+2). It is forecasted that on YoY basis, the indicator will fall to 1.1% in January from -2.0% a month earlier. On monthly basis, the indicator is expected to grow to 1,5% in January from -1.6% a month earlier. The indicator...

14.03.2017

The lack of important releases in macroeconomic calendar on Monday led to American dollar trading in both directions against majors. After growth caused by the release of the data on US labor market, EUR/USD was corrected on Monday and at the end of day lost 0.30%. 

14.03.2017

During the last week the NZD was falling against the USD due to the negative New Zealand Trade Balance data, the lowering of the Diary Products index and the NZRB policy which aim is not to strengthen the national currency. 

14.03.2017

On D1 chart, the instrument is decreasing along the lower border of Bollinger bands, price range is widening, which may indicate continuation of the downward trend. The MACD histogram is near zero line and has minimum volume, the signal line is ready to cross the zero line from below, which...

14.03.2017

From the beginning of the week the pair is consolidating in the narrow range within 1.3430-1.3475, waiting for the USA FRS interest rate decision. Today the API Weekly Crude Oil Stock data are worth traders’ attention. 

14.03.2017

During the last months the pair is trading in the sideways range within 1.0000 and 1.0170. Last week the Switzerland inflation and unemployment data were published. The inflation level grew, the level of the unemployment didn’t change. As a result the CHF began to grow, and the pair began to...

14.03.2017

The growth is expected. The downward correction as a wave (ii) of iii has formed. Locally the development of the third wave (iii), within which the entering momentum has formed, has begun. If the assumption is correct, the price will grow to the level of 46.50. The level of 40.42...

14.03.2017

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

14.03.2017

The growth of the pair is expected. The upward correction as a wave 4 of the highest level, within which the wave b of 4 has ended, is forming. Locally a reversal has formed and the first entering wave (i) is developing. If the assumption is correct, the pair will...

14.03.2017

The lowering of the pair is expected. The fifth wave 5 of the highest level, within which the upward correction as a wave ii of 5 has developed, is forming. Locally a small entering momentum has formed. If the assumption is correct, the pair will lower to the level of...

14.03.2017

Consumer Price Index is due at 09:00 (GMT+2). It is expected that on YoY basis, the indicator will remain unchanged at the level of 2.2% in February. On monthly basis, the indicator will remain unchanged at the level of 0.6%.

13.03.2017

Today the US dollar is trading controversial. After the morning growth the USD is growing again in expectation of the USA FRS interest rate rise on Wednesday meeting. Now the EUR/USD is trading at the area of 1.0650, USD/JPY — 114.80, AUD/USD — 0.7560. The EUR is also pressed by...

13.03.2017

During today's trade session, GBP/USD continues to move within 1.2150-1.2240. GBP is still under pressure after Brexit. Risks imposed by this event prevent "bulls" from raising the price above the said range.

13.03.2017

Last week the EUR unexpectedly grew due to the rapid growth of the demand. The ECB implemented that the economy stimulation program will be closed, and the EUR reached the upper border of the wide sideway consolidation channel. 

13.03.2017

From February, 2017, the Johnson & Johnson shares grew by 12% due to the strong financial report of the 4 quarter, the expectations of the operational activity in 2017 and the potential profit of the “tax holidays” for the US companies, suggested by President D. Trump in the end of...

13.03.2017

Upward trend may begin, aiming at 1.0120 and above. On the 4-hour chart, the price is trying to correct from 23.6% arc to 1.0095 (23.6% correction) and 1.0120 (middle line of Bollinger bands, 23.6% correction for long-term trend). If 1.0050 appears broken (38.2% correction), further downward movement to 1.0014 (cluster...

13.03.2017

Last week, Caterpillar shares' price decreased by 2.95%. S&P500 index went down by 0.03% during the same period.

13.03.2017

Gold quotes are growing after lingering downward trend caused by strengthening of US dollar. On Friday, US dollar was under pressure of weak data on average earnings in USA. 

13.03.2017

On the daily chart, the pair is trying to correct up from the lower line of Bollinger Bands. The price remains below its moving averages that start turning down. The RSI is trying to leave the oversold zone. The Composite is about to test its longer MA from below. 

13.03.2017

Last week the oil price tested the strong resistance level 57.20 and stepped back to the two month maximum and support level 50.90. The extremely high level if the USA oil resourced, the employment increase and the growth of the USA oil rig number negate the OPEC efforts, and the...

13.03.2017

The USD lowered against most of the main currencies after the publication of the employment market report of Friday. The Nonfarm Payrolls grew by 235K in February against the expected growth by 190K. The unemployment rate lowered to 4.7% in February from 4.8% in January. An Average Hourly Earnings stayed...

13.03.2017

Last week, the pair was decreasing due to the positive US economy data and RBA leaving the interest rate unchanged at the minimum level. However, on Friday, US dollar lost its position, despite of US labor market data still being positive and overshooting the outlook.

13.03.2017

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

13.03.2017

The trend is upward. The upward momentum within the fifth wave 5 of the highest level is forming. Locally the lengthening within the third wave iii of 5 is developing. If the assumption is correct, the price will grow to the level of 69.00. The level of 63.50 is critical...

13.03.2017

The lowering of the pair is expected. The wave С of the highest level is forming. Locally the upward correction as a wave ii of C, within which the zigzag (a)(b)(c) has formed, has developed. If the assumption is correct, the pair will lower to the level of 1.3350-1.3292. The...

13.03.2017

The growth of the pair is expected. The upward correction as a second wave ii of the highest level is forming. Locally the final wave (c) of ii, within which the diagonal is forming, is developing. If the assumption is correct, the pair will grow to the level of 115.86....

10.03.2017

It is expected that the upward correction will soon complete.

10.03.2017

10.03.2017

The pair is undergoing correction. The decline is likely to continue.

10.03.2017

10.03.2017

10.03.2017

Today, US dollar is trading in both directions against its main competitors. USD continues falling against euro (by 0.40%), today the pair reached 1.0620. It was positively influenced by Mario Draghi's comments. 

10.03.2017

The GBP is under the pressure of the negative fundamental background again. In the early march the weak key indices data were published, and the UK currency began lo lower. The pair continued to decrease due to the significant growth of the demand on the USD. 

10.03.2017

On the daily chart, the pair is trading in the upper Bollinger band. The price remains above its moving averages that are directed up. The RSI turned down having formed a Bearish divergence with the price. The Composite is testing its longer MA, showing a divergence as well. 

10.03.2017

The pair is growing for the third trading session after the strong USA employment data. Today the pair has reached the level of 115.50.

10.03.2017

Crude oil quotes decreased rapidly this week. Stability period of Brent moving in the sideway range of 57.00-54.50 is over. Downward movement was caused by the crude oil market influenced by US LTO companies.

10.03.2017

From the last year the HP Inc. stocks grew by more than 45%. The stocks are traded with the fair market multiplicators and have a potential for the further growth.

10.03.2017

The data on unemployment rate are due at 15:30 (GMT+2). It is forecasted that the indicator will fall to 4.7% in February compared to 4.8% a month earlier. This is one of the key macroeconomic indicators showing the rate of unemployed citizens to the overall number of work force. Growth...

10.03.2017

Nonfarm Payrolls data are due at 15:30 (GMT+2). It is forecasted that the indicator will fall to 190K in February compared to 246K a month earlier. It is one of the most important indices of employment in USA, shows the number of salaried employees outside the agriculture sector, and makes...

10.03.2017

EUR strengthened against USD yesterday after ECB announced its decision on interest rate. ECB was able to hold the rate at the previous level, which was expected by traders. ECB Head commented successful euro zone monetary policy. 

10.03.2017

During the last week the General Electric stocks lowered by 1.76% against the lowering of the S&P 500 index by 0.38%.

10.03.2017

Yesterday during the trading session the pair continued to grow and reached the maximum of 2017 year, despite the slight weakening of the USD against some of the main currencies such as GBP and EUR due to the weak USA employment market data publication. The Initial Jobless Claims value was...

10.03.2017

On Thursday, US dollar was trading in both directions against its main opponents. The market ignored yesterday's data on initial jobless claims in USA growing to 243K during the week. USD managed to grow against Japanese yen and Australian dollar.

10.03.2017

The data on industrial output is due at 11:30 (GMT+2). It is forecasted that on monthly basis, the indicator will decrease to -0,4% in January from 2.1% a month earlier. On year-on-year basis, vice versa, the indicator is expected to grow to 3.3% in January compared to 2.0% a month...

10.03.2017

This week silver is falling against the rapidly growing USD. Yesterday it crossed the key level of 50% Fibonacci (17.05) from the last upward range. The pair is moving to the next key zone of 16.30-16.70 (the upper border of the daily channel).

10.03.2017

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

10.03.2017

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

10.03.2017

The pair is in correction. The further lowering is expected. The first wave i within the third wave 3 of the highest level has formed. Locally the downward correction ii of 3, within which the wave (a) is forming, is developing. If the assumption is correct, the pair will lower...

10.03.2017

The pair is in correction. The growth is expected. On the 4-hour chart the first wave i of 3 has formed. Locally the downward correction ii of 3, within which the wave (a) has formed, is developing. If the assumption is correct, the pair will lower to the level of...

10.03.2017

The whole week was marked by downward trend of NZD against USD. The situation was influenced by negative trade balance, index on dairy products falling, and RBNZ concerned about the currency being too strong, as well as positive indicators in USA, as investors hope for interest rate hike in March. 

10.03.2017

The data on trade balance are due at 09:00 (GMT+2). It is expected that the indicator will fall to 18.0 billion euro in February compared to 18.4 billion euro a month earlier. The indicator shows gap between export and import of goods and services in monetary terms. Positive value means...

10.03.2017

The Electronic Card Retail Sales data are due at 23:45 (GMT+2) in the New Zealand. The MoM index is expected to lower to -0.4% in February from 2.7% in the previous month. The data on electronic card retail sales measures purchases made with credit and debit cards. The data is...

09.03.2017

Today, US dollar is trading in both directions against its main opponents. It decreased against euro by 0.29% (the price went up to 1.0570).  The market is waiting for the results of ECB session.

09.03.2017

The AUD continued to lower against the USD due to the rapid fall of the demand. Regarding the historical data, when the AUD often showed the rapid and long term fall, the traders are trying to get rid of it mostly in favor of the American dollar. 

09.03.2017

Last week, 3M Company shares' price decreased by 0.18%. S&P500 index decreased by 0.74% within the same period.  

09.03.2017

The short termed upward correction is possible. On the 4-hour chart the price is testing the level of 7280.5 (correction 38.2%) and in case of breakout here can go further to the level of 7244.6 (correction 50.0%). However there can be not enough potential to do it (the Stochastic is...

09.03.2017

The Initial Jobless Claims data are due at 15:30 (GMT+2) in the USA. The index is expected to grow to 235K WoW from 223K in the previous week. Represents the number of new unemployment claims. It is published weekly on Thursdays. Allows approximating what nonfarm payrolls will be. A fall...

09.03.2017

After the interest rate decision is made, the ECB Head comments on the recent monetary policy decision and answers questions about current economic conditions in the Eurozone.

09.03.2017

During the last week the Bank of America stocks lowered by 0.94% against the lowering of the S&P 500 index by 0.74%.

09.03.2017

The ECB Interest Rate Decision is due at 14:45 (GMT+2). The index is expected to stay on the same level of 0%. The interest rate decision is made according to the current economic state and the inflation level. A rate increase strengthens the EUR, while a decrease weakens the EUR.

09.03.2017

The upward correction to 17.40 is possible. On the 4-hour chart the price is lowering to 17.06 (correction 50.0% for the middle term trend). In case of breakout here the price can meet the new obstacle — the correction fan line 38.2% (the area of 17.00) and after breakout can...

09.03.2017

On the daily chart, the pair is trading below the lower line of Bollinger Bands and is about to form a sixth close outside of the range. The price remains below its moving averages that are turning down. The RSI keeps falling having entered the oversold zone. The Composite is...

09.03.2017

Yesterday the Brent price lowered below 53 dollar per barrel, which is the minimum from the beginning of December, 2016, after the EIA Crude Oil Stocks change data publication. The recourses grew by 8.22 million barrel WoW against the expected 1.97 million barrel. 

09.03.2017

On the daily chart, the instrument is decreasing along the lower border of Bollinger Bands, correcting the upward trend. MACD histogram is in positive zone reducing its volume, the signal line is outside its body, not giving any clear signal on opening positions. Stochastic  crossed the oversold zone border from...

09.03.2017

During the yesterday trading session the US dollar grew against the main currencies. It was supported by positive ADP data, which showed the growth of the employment in the private sector to 291K in February from 261K in the previous month. The investors reacted and bought a lot of the...

09.03.2017

Yesterday's positive data on labor market and increase of crude oil and refined products reserves in the USA according to US Department of Energy led to crude oil and commodity currencies falling against US dollar, which is a common tendency lately.

09.03.2017

Yesterday the list of key data from Japan was published: the GDP, inflation and the trade balance statistics. The GDP and foreign trade were worse than expected and influenced the pair dynamics negatively. The economical statistics from the USA, especially the very positive employment market data, which are better than...

09.03.2017

The price is in correction. The growth is possible. The third wave 3 of the highest level, within which the first entering the wave i of 3 is forming as a momentum, is forming. Locally the third wave of the lower level (iii) of i has ended and the downward...

09.03.2017

The trend is upward. The upward momentum as a third wave iii within the fifth wave 5 of the highest level is developing. Locally the momentum within the third wave of the lower level (iii) has formed and the correction lowering as a wave (iv) begins. If the assumption is...

09.03.2017

The pair can lower. The upward correction as a wave 4 of the highest level, within which the wave b of 4 is ending, is forming. Locally the downward momentum as a wave (c) of b, within which the fifth wave is forming, is developing. If the assumption is correct,...

09.03.2017

The trend is downward. The fifth wave 5 of the highest level, within which the upward correction as a wave ii of 5 has developed, is forming. Locally the downward momentum as a first wave (i) of iii is forming. If the assumption is correct, the pair will lower to...

08.03.2017

During today's trading session, WTI Crude Oil price is under pressure, quotes went down to 52.70. The catalysts for the current market situation are expecting oil reserves growth in USA, and also global supply redistribution — despite all attempts by OPEC countries and some other market participants outside the cartel...

08.03.2017

From the opening of the trading session the situation in the market changed insignificantly. The biggest growth of the US dollar was against the UK, Australian and Japanese currencies. The USD was supported by the positive ADP data, showed the growth of the employment in the private sector to 298K...

08.03.2017

Nonfarm Productivity is due at 15:30 (GMT+2) in the USA. The index is expected to grow to 1.5% in the 4 quarter from 1.3% in the previous period. It evaluates hourly productivity of labour and influences GDP forecasts. A high reading strengthens the USD. A low reading weakens the USD.

08.03.2017

The Housing Starts s.a (YoY) data are due at 15:15 (GMT+2) in Canada. The index is expected to lower to 200.0K in February from 207.4K in the previous month. The index is published by Canada Mortgage and Housing Corporation. It represents the number of housing starts for single-family homes. Construction...

08.03.2017

The ADP Employment Change index is due at 15:15 (GMT+2) in the USA. The index is expected to lower to 190K in February from 246K 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 US....

08.03.2017

During the last week the Facebook stocks grew by 1.30% against the lowering of the S&P 500 index by 0.63%.

08.03.2017

During the last week the Cisco stocks grew by 0.06% against the lowering of the S&P 500 by 0.63%. 

08.03.2017

AUD/USD still is within upward trend and is trading at the level of 0.7540. Australian dollar is under pressure of FOMC possibly raising the interest rate in March.  During her speech on Friday, Janet Yellen stated that FOMC is going to vote for raising the interest rates in March at...

08.03.2017

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 about to test its longer MA from above. The Composite is testing its longer MA as well having formed a divergence with the...

08.03.2017

GBP continues to decrease against US dollar. GBP/USD decreased by 1.60% since the beginning of March. One of the main factors supporting USD is expecting the interest rate hike at FOMC session in March. It is not know yet if the Great Britain is leaving EU; this is also hurting...

08.03.2017

The price of gold resumed its fall at the beginning of last week amid a strengthening in the US Dollar. The American currency was supported by a number of hawkish statements by the Fed officials while Fed Chair Janet Yellen noted that she sees appropriate to proceed with the next...

08.03.2017

As a result of yesterday's trade session, US dollar continues to grow against majors. The main factor supporting USD is expecting the interest rate hike at FOMC session in March. Futures market assesses probability of this scenario as 77%. 

08.03.2017

Positive indicators of US economy, comments of FOMC leaders regarding interest rate hike — these events led to US dollar rapidly growing against most majors. In New Zealand the situation is in sharp contrast: very negative data on trade balance,  index on dairy products falling, and RBNZ President Graeme Wheeler's...

08.03.2017

The EUR is slightly lowering against the USD. At the moment the triangle with the lower support border at 1.0550 and the upper one at 1.0585 has formed on the hour chart. The downward breakout will let the price to lower to 1.0500.

08.03.2017

The pair is slightly growing due to the positive data of the US economy and the expectation of the US interest rate rise.

08.03.2017

The trend is upward. On the 4-hour chart the upward momentum within the third wave of the highest level iii of 3 is developing. Locally the correction (iv) of iii is ending. If the assumption is correct, the price will grow to the level of 185.95. The level of 179.30...

08.03.2017

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

08.03.2017

The lowering of the pair is expected. The wave (С) of the highest level is forming. Locally the third wave of the lower level iii, within which the upward correction as a wave (ii) has ended, is developing. If the assumption is correct, the pair will lower to the level...

08.03.2017

The lowering of the pair is expected. The wave С of the highest level is forming. Locally the development the upward correction as a wave ii of C, within which zigzag (a)(b)(c) has formed, is ending. If the assumption is correct, the pair will lower to the level of 1.3229....

07.03.2017

Today, the American dollar is growing against  euro and GBP. Euro is under pressure of negative January data on industrial output in Germany. The indicator decreased by 7.4%, which is much more than expected, and as a result the pair decreased to 1.0557 (by 0.21%). 

07.03.2017

Gold is still under the pressure after “hawkish” USA FRS Head’s commentaries on Friday and now is trading near the strong support level of 1220.00. In her speech Janet Yellen has almost confirmed the interest rate rise by the Open Markets Committee in the next meeting. 

07.03.2017

Exxon Mobil is planning to invest around $20 billion on refineries and other projects around the region of the Gulf of New Mexico. Projects completion is planned until 2022. US President Donald Trump cheered their investment projects and highlighted their importance for the energy industry in the US. 

07.03.2017

Short-term growth is possible, while in general, downward trend is persisting. On the 4-hour chart, the price reached 11948.0 (23.6% correction) around the cross between 38,2% fan line and 23,6% arc. This seems to be the key level, breakout of which means that the further decrease to 11854.5 (38.2% correction)...

07.03.2017

Ivey PMI is due at 17:00 (GMT+2). It is forecasted that the indicator will rise to 58.9 points in February compared to 57.2 points a month earlier. The index is calculated by Ivey Business School and gives estimation of current economic conditions in the country. The values above 50 show...

07.03.2017

The growth rate of the economy of the Eurozone is declining, and weak data are released in the main sectors of the economy. So, in February revised data on GDP of Germany and the Eurozone came out below the projected levels.

07.03.2017

During the last week, Wal-Mart shares dropped by 2.59%. S&P500 index decreased by 0.28% during the same period.

07.03.2017

From the last half of the past week the pair is consolidating in the narrow range within 1.2205-1.2300. There is no news or drivers to make the GBP/USD move in any directions in the nearest two days. However, taking into consideration the experts’’ fears about the UK and its economy...

07.03.2017

The data on US balance of trades are due at 15:30 (GMT+2). It is forecasted that the balance deficit will grow to -45,5 billion dollars in January, compared to -44,3 billion a month earlier. The indicator shows gap between export and import of goods and services. Positive value gives evidence...

07.03.2017

The USD/CAD pair was growing during Monday trading session, staying within the uptrend formed during last few days. The lack of important releases in macroeconomic calendar led to most USD pairs trading within a narrow range. At the moment, the market is relatively tranquil. Today, attention should be paid to...

07.03.2017

On the daily chart, the pair is trading in the upper Bollinger band. The price remains above its moving averages that are horizontal. The RSI turned down towards its longer MA. The Composite is showing similar dynamics. Both indicators are representing Bullish behavior. 

07.03.2017

The data on Gross Domestic Product is due at 12:00 (GMT+2). It is expected that from one qaurter to the next, the indicator will remain unchanged at the level of 0.4% in Q4. On year-on-year basis, the indicator will remain unchanged at the level of 1.7%. The indicator shows market...

07.03.2017

Yesterday's trading session resulted in USD pair correction against the major opponents. The lack of important releases in macroeconomic calendar was an important factor for correction forming. Major quotes changed insignificantly during the day.

07.03.2017

Inverse correlation of American dollar and commodities can be observed during the last two weeks, which means that the trend is likely to persist in the near term. This forecast can be supported by the coming data and news from USA. 

07.03.2017

The correction continues. On the 4-hour chart the development of the upward momentum as a third wave of the highest level iii of 5 has ended. Locally the downward correction as a fourth wave iv of 5, within which the wave (b) has formed and the development of the wave...

07.03.2017

The correction continues. The lowering is possible. The upward momentum as a first entering wave (i) within the third wave of the highest level has formed. Locally the downward correction as a wave (ii), within which the wave b of (ii) has ended and the development of the wave с...

07.03.2017

The pair can grow. The third wave 3 of the highest level is forming. Locally the correction of the lower level (ii) has ended and the wave (iii) is developing. If the assumption is correct, the pair will grow to the level of 1.0280. The level of 1.0069 is critical...

07.03.2017

The lowering of the pair is expected. On the 4-hour chart the first wave i of 3 has formed. Locally the downward correction ii of 3, within which the wave (a) is forming, is developing. If the assumption is correct, the pair will lower to the level of 0.7515-0.7450. The...

07.03.2017

The decision of Reserve Bank of Australia on the interest rate is due today at 05:30 (GMT+2). It is expected that the indicator will remain unchanged at the level of 1.5%. RBA makes the decision based on current economic situation and inflation level. Growth of this indicator strengthens the AUD....

06.03.2017

Today during the day weak US dollar strengthened to its major rivals after weakening on Friday. 

06.03.2017

Lingering downward trend formed in February gave way to a sudden shoot-up as demand for American dollar grew. Dollar went up after Trump's speech to Congress, supported by overall economic growth in USA. 

06.03.2017

Data on Factory Orders is due at 5:00 pm (GMT+2). In January, the index is forecasted to fall from 1.3% to 1.2%. The index represents the change in the volume of factory orders. Allows estimating the pace of the growth of the industrial sector. A growth in the index strengthens...

06.03.2017

On the daily chart, the pair is trading on the upper line of Bollinger Bands and is about to form the fifth close above it. The price remains above its moving averages that start turning up. The RSI is testing its most recent resistance just below the border of the...

06.03.2017

The reverse and the beginning of the new downward correction from the level of 1.0120-1.0135 is possible. On the 4-hour chart the price has tested the level 1.0135 (correction 61.8%, middle term period) again, but couldn’t consolidate above it. Now the price is growing to retest the level of 1.0135...

06.03.2017

During last week, Verizon shares decreased by 1.01%. S&P500 index went down by 0.36% during the same period.

06.03.2017

During the last week the United Technologies Corp. lowered by 0.11% against the lowering of the S&P 500 index by 0.36%.

06.03.2017

On Friday the marked showed quite unusual reaction to the FRS Head Janet Yellen’s speech. After her commentaries about the possibility of the interest rate increase on the nearest meeting, if all the macroeconomical indices are satisfying, the USD began to lower against all the main currencies and metals, so...

06.03.2017

On the daily chart, the instrument is trading in the lower Bollinger band. The price remains just above the EMA65, EMA130 and SMA200 that are horizontal. The RSI is testing its most recent support. The Composite is falling. 

06.03.2017

During the trading session on Friday the US dollar lowered against the main currencies. On Friday the main macroeconomic issue was the Janet Yellen’s speech. The head of the FRS noted that the regulator can increase the interest rate on March, if the employment market and the inflation data are...

06.03.2017

Crude oil prices were decreasing last week (except in Friday), reaching 3-week minimum of 55.05 dollars per barrel. Main reasons: US dollar strengthening to all commodities due to Trump's speech to Congress, statements of FOMC's Heads and J.Yellen in particular about hawkish plans for monetary policy, continuation of oil resources...

06.03.2017

As a typical commodity currency, the Australian Dollar was falling against the US Dollar all last week. On Friday, however, following oil and precious metals, it recovered part of the losses and returned to a strong resistance level of 0.7600.

06.03.2017

The correction is developing. The price can lower. The downward correction as a wave iv of 5 is forming. Locally the wave (b) of iv has ended and the wave (с), within which the wave i of (c) and ii of (c) have formed, is developing. If the assumption is...

06.03.2017

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

06.03.2017

The pair can lower. The upward correction as a wave 4 of the highest level, within which the wave b of 4 is ending, is forming. Locally the downward momentum as a wave (c) of b, within which the fourth wave is ending and the lowering to the level of...

06.03.2017

The pair is in correction. The fifth wave 5 of the highest level, within which the upward correction as a wave ii of 5 is developing, is forming. Locally the upward momentum as a wave (c) of iii is forming. If the assumption is correct, the pair will grow to...

06.03.2017

Data on Retail Sales is due at 2:30 am (GMT+2). In January, the index is expected to grow from -0.1% to 0.4%. The index measures the volume of sales in the retail sector. The data is considered an indicator of consumer spending and economic growth. An increase in retail sales...

03.03.2017

Fed's Janet Yellen Speech is due at 20:00 (GMT+2). Her speech can lead to increase in volatility for the pairs with US dollar. 

03.03.2017

03.03.2017

The decline in the pair is likely to continue.

03.03.2017

03.03.2017

03.03.2017

03.03.2017

After the significant growth in the beginning of the year due to the weakening of the USD and growth of the raw material prices, the price reversed downwards in the end of the previous year. The lowering momentum also became the Head of the RBA Philip Lowe’s speech, when he...

03.03.2017

Today, market participants’ attention is focused on the US where few Fed officials are due to make public appearances. First, Vice President Stanley Fischer will speak of Fed’s decision-making on monetary policy and later Chair Janet Yellen is going to present an economic forecast. 

03.03.2017

The EUR/USD pair is corrected after decreasing to 1.0493 as USD gains ground. The main event which will set the further rate dynamics is speeches of US FOMC's members, including Janet Yellen. It is possible that rate correction will continue while the market is waiting for the speeches.  

03.03.2017

ISM Non-Manufacturing PMI is due at 17:00 (GMT+2). It is forecasted that the indicator will fall to 56.2 % in February compared to 56.5% a month earlier. The index is built upon polls of managers working in services sector to estimate current economic situation in this sector. Values above 45-50...

03.03.2017

The upward trend development and the renewal of the year maxima are possible. On the 4-hour chart the price was corrected to the middle line of the Bollinger Bands indicator at the level of 11980.0 and now is growing again. The key “bullish” level is 12096.5 (the February maximum). In...

03.03.2017

During the last week The Walt Disney stocks grew by 0.78% against the growth of the S&P 500 index by 0.45%.

03.03.2017

On the daily chart, the pair is trading in the upper Bollinger Bands. The price remains above its moving averages that start turning up. The RSI is trying to turn down. The Composite is growing having bounced off its longer MA. The indicator, however, has formed a divergence with the...

03.03.2017

Downward correction may occur. On the 4-hour chart, the price bounced off the 3.7380 level (50.0% correction) within the 32.2% line of the descending correctional fan, and is currently being corrected to 3.6975 (38.2% correction). If this range appears broken, further downward movement to 3.6480 (cluster of corrections 23.6% for...

03.03.2017

During the last week the Procter & Gamble stocks lowered by 0.24% against the growth of the S&P 500 index by 0.45%.

03.03.2017

On the daily chart, the pair is trading below the lower line of Bollinger Bands. The price remains below its moving averages that are directed down. The RSI is about to retest its strong support near the border of the oversold zone. The Composite is showing similar dynamics. 

03.03.2017

Donald Trump's speech to US Congress, FOMC functionaries' statements on tightening monetary policy, and yesterday's positive data on labor market overshooting the forecast — all these events led to dollar growing rapidly against most majors and commodities. NZD/USD lost more than 200 points, going below 0.7050, and reaching 2-month maximum.

03.03.2017

Markit Services PMI is due at 11:00 (GMT+2). It is forecasted that the indicator will fall to 54.2 % in February compared to 54.5% a month earlier. The indicator shows economic conditions in services sector and is built upon polls of company leaders working in this sector. Values above 50...

03.03.2017

During the Thursday trading session the US dollar grew against the main currencies. The main supporting factor is the expectation USA FRS interest rate rise in March meeting. The recent commentaries of the FRS members heat the investors’ interest to buy the American currency. 

03.03.2017

Markit Services PMI is due at 11:00 (GMT+2). It is expected that in February, the indicator will remain unchanged at the level of 55.6 points. The index shows economic conditions in services sector, and prospects for further development. Values above 50 are perceived as a positive signal and strengthens EUR....

03.03.2017

The price of silver significantly strengthened since the beginning of the year having reached a strong resistance zone of 18.35-18.50, where 38.2% and 50% Fibonacci corrections coincide with the upper border of the ascending channel. 

03.03.2017

The trend is upward. The upward momentum as a third wave iii of 3 is forming. Locally the third wave (iii) of iii of the lower level is developing. If the assumption is correct, the price will grow to the level of 85.00. The level of 79.00 is critical for...

03.03.2017

The trend is upward. The upward momentum within the third wave iii of 3 is forming. Locally the fifth wave (v) of iii is developing. If the assumption is correct, the price will grow to the level of 191.40. The level of 176.11 is critical for this scenario.

03.03.2017

The lowering of the pair is expected. The wave С of the highest level is forming. Locally the development the upward correction as a the wave ii of C, within which a zigzag (a)(b)(c) has formed, and which has reached the level of 62%, is ending. If the assumption is...

03.03.2017

The lowering of the pair is expected. The wave (С) of the highest level is forming. Locally the third wave of the lower level iii, within which the upward correction as a wave (ii) has ended, is developing. If the assumption is correct, the pair will lower to the level...

03.03.2017

The data on unemployment rate are due at 01:30 (GMT+2). It is forecasted that the indicator will fall to 3.0% in January compared to 3.1% a month earlier. The indicator shows the ratio of unemployed citizens to the total amount of citizens able to work. Growth of this indicator is...

02.03.2017

Today, US currency is gaining ground against its main opponents to different extents. The USD/EUR pair tested the level of 1.0515 twice in two days, but still can't break out. During the day, the euro gained ground to 1.0545 after the release of positive February data on Consumer Price Index...

02.03.2017

During the last two months the gold significantly grew by more than 13 000 points due to the uncertainty in the US monetary policy and the inflow of the investors’ demand. 

02.03.2017

During this week, the pair was decreasing and currently reached its 2-month minimum at the level of 0.7100. Today, the pair is under pressure of the statements of the FOMC’s John Williams and William Dudley. 

02.03.2017

During the last week the DuPont stocks lowered by 0.11% against the growth of the S&P 500 index by 1.13%.

02.03.2017

During yesterday trading session the Brent oil price lowered to the level of 56.20 due to the EIA Crude Oil Stocks change data publication. According to the US Energy Information Administration the report USA oil recourses grew by 1.501 billion barrel.

02.03.2017

The Gross Domestic Product index is due at 15:30 (GMT+2) in Canada. The MoM index is expected to lower to 0.3% in December from 0.4% in the previous month. It represents the value of all goods and services created in the country during a certain period. A growth in the...

02.03.2017

The Initial Jobless Claims index is due at 15:30 (GMT+2) in the USA. Represents the number of new unemployment claims. It is published weekly on Thursdays. Allows approximating what nonfarm payrolls will be. A fall in the index strengthens the USD. A growth in the index weakens the USD.

02.03.2017

The USD/JPY dollar is growing as the US dollar strengthens to all majors. Increased personal income and personal spendings in USA indicates positive state of the labor market at the current moment. ISM Manufacturing index overshot the forecast and totalled to 57.7 points, which influences USA economy and the US...

02.03.2017

Yesterday, a lot of macroeconomic data from US were published. They pointed at both positive and negative tendencies in USA economy. US dollar continues to grow during the last 24 hours. US currency strengthened due to President Trump's speech to Congress. 

02.03.2017

During the last week the Pfizer stocks grew by 2.47% against the growth of the S&P 500 index by 1.13%.

02.03.2017

On the daily chart, the instrument is trading just below the upper line of Bollinger Bands. The price remains above its moving averages that are directed up. The RSI is approaching its strong resistance on the border of the overbought zone. The Composite is growing having broken out its longer...

02.03.2017

The Consumer Price Index is due at 12:00 (GMT+2) in the European Union. The YoY index is expected to grow to 2.0% in February from 1.8% in the previous month. The index is the key indicator of inflation in the Eurozone. It represents the change in the value of the...

02.03.2017

During the previous trading session the USD grew against the main currencies due to the recent “hawkish” commentaries of the USA FRS members. The USD was also supported by positive USA ISM Manufacturing PMI and the data reflecting the growth of the personal income. The Fed's Beige Book, published yesterday,...

02.03.2017

The PMI Construction index is due at 11:30 (GMT+2) in the UK. The index is expected to grow to 52.4 points in February from 52.2 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...

02.03.2017

Yesterday, US dollar started increasing rapidly, influenced by Trump's emotional speech to Congress which brought up social and economic problems of USA. The dollar is also supported by positive Manufacturing PMI data. 

02.03.2017

Yesterday the pair lost around 200 points amid a strengthening in the US Dollar that was supported by Donald Trump’s speech in the US Congress. Pair’s fall was happening despite a release of weak data on the Personal Spending in the US and a publication of strong statistics on the...

02.03.2017

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

02.03.2017

The trend is upward. The upward trend within the third wave 3 of the highest level is forming. Locally the third wave of the lower level (iii) of i of 3 is developing. If the assumption is correct, the price will grow to the level of 132.27 and higher. The...

02.03.2017

The pair can grow. The third wave 3 of the highest level is forming. Locally the correction of the lower level (ii) has ended and the development of the wave (iii) has begun. If the assumption is correct, the pair will grow to the level of 1.0280. The level of...

02.03.2017

The pair will decrease. On the 4-hour chart the first wave i of 3 has formed. Locally the downward correction ii of 3, within which the wave (a) is forming, is developing. If the assumption is correct, the pair will lower to the level of 0.7604-0.7515. The level of 0.7740...

02.03.2017

The Trade Balance is due at 02:30 (GMT+2) in Australia. The index is expected to grow to 3800 million in January from 3511 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...

01.03.2017

Today the dollar is actively growing against its major counterparts due to statements of the Head of the Federal Reserve Bank of San Francisco John Williams and President Donald Trump. 

01.03.2017

Crude oil price still consolidates within a narrow side channel, as the US dollar tendency is still unclear, and also because there is contrast of growing oil reserves in USA and reducing oil reserves in OPEC and major oil exporters.

01.03.2017

The ISM Manufacturing PMI is due at 17:00 (GMT+2) in the USA. The index is expected to lower to 55.7 points in February from 56.0 points in the previous month. It is the indicator of the general state of the US economy. Values above 50 represent economic growth and strengthen the...

01.03.2017

Silver is trading within 18.40-18.20. During the morning trading session the pair consolidated around the level of 18.40.

01.03.2017

During the last week, Caterpillar stock dropped by 1.47%, and S&P500 index increased by 0.04%. Comparing company's multiplier with its competitors, we can say that Caterpillar's shares are overvalued.

01.03.2017

During the last week the Johnson & Johnson stocks grew by 2.81% against the growth of the S&P 500 index by 0.04%.

01.03.2017

The correction to the area of 1.0030 is possible. On the 4-hour chart the price has tested the strong correction cluster 1.0030 for some times and now is moving to the “bullish’ key level at 1.0120-1.0135. However it can’t break it in the short term. Furthermore, according to the Stochastic...

01.03.2017

During this week, the USD/CAD pair grew by more than 200 points. The main growth driver is probability of interest rate hike in March, lately supported by the statements of Monetary Policy Committee. In addition to that, during today's speech to Congress, President Trump spoke of cutting taxes for both...

01.03.2017

On the daily chart, the instrument is correcting down to the middle MA of Bollinger Bands. The price remains above the EMA14, EMA65 and EMA130 that start turning up, but below the SMA200, which is horizontal. The RSI has formed a large “triple top” reverse pattern. The Composite is showing...

01.03.2017

Yesterday, majors were trading in various directions. As the result of the release of weak macroeconomic statistics on USA GDP, the American currency started falling against its main opponents. At the end of trading session, however, the US dollar managed to restore its positions due to positive statistics on Consumer...

01.03.2017

Last week after the significant for the New Zealand economy diary price index, which was worse than expected, the pair continued to be traded in the narrow channel within the key support level 0.7170 (crossing of Fibonacci net of different periods and multi-year price reaction) and the resistance level of...

01.03.2017

Yesterday the pair was falling in the first half of the day amid some anxiety growth on the market prior to US President Trump speech in Congress. In addition, the Yen was supported by strong data on the construction sector in Japan. However, towards the end of the day the...

01.03.2017

Today, the AUD/USD pair was growing, which was caused by favorable statistics on Australia's GDP. The indicator overshot the forecast, increasing by 2.4% on a year-on-year basis and by 1.1% from one quarter to the next. 

01.03.2017

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

01.03.2017

The trend is upward. On the 4-hour chart the upward momentum within the third wave of the highest level iii of 3 is developing. Locally the third wave of the lower level (iii) of iii, within which the correction iv of (iii) is ending, is developing. If the assumption is...

01.03.2017

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

01.03.2017

The trend is downward. The fifth wave 5 of the highest level, within which the third wave iii of 5 is developing, is forming. Locally the correction (ii) has ended. If the assumption is correct, the pair will lower within the third wave (iii) to the level of 1.0420. The...

01.03.2017

The Trump's speech to Congress is due at 04:00 (GMT+2). His commentaries can increase the volatility if the dollar pairs.
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