Daily news from NewForex

[Anna Mon]

Forex News from NewForex: Technical analysis of GBP/JPY

GBP/JPY continues to move along the channel. In this regard, we can suppose that the price will move in the indicated range for some time. In this regard. NewForex analysts advise to sell from the level of 134.20. The target price is seen at 136.25. The level of stop loss stands at 133.60.

NewForex Analyst

David Fineberg

Forex News from NewForex: Technical analysis of EUR/USD

EUR/USD continues the decline. The next resistance is significantly lower than the present price level. In this regard, NewForex analysts suggest to sell from the level of 1.1163. The target price level stands at 1.1018. The level of stop loss is seen at 1.1244.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: Technical analysis of gold price

The price of gold continues to tumble for the second straight week. This gives us the reason to believe that gold made a trend reversal towards the decrease in prices. This means that it will continue to edge down in the mid-term. In this regard, NewForex analysts suggest to sell from the level of 1309.86. The target price is seen at 1211.05. The level of stop loss stands at 1338.91.

NewForex Analyst

Aaron Kaufmann

Forex News from NewForex: Negative data on the British currency

NewForex analysts suggest to enter today into a short position on GBP/USD. First, there is a reason to expect good data on the private consumption expenditures in the US in July. This index has a strong impact on the currency market. It will strengthen the American currency, which will decrease the dollar in its turn. Second, the credit markets give us a clear signal on the decline. The fact that the yield of the UK ten years government bonds tumbles against its counterparts in the United States.This increases the demand for the American currency. And this fact leads GBP/USD to decrease.

NewForex Analyst

Michael Butnitsky

 

[Anna Mon]

Forex News from NewForex: technical analysis AUD/USD

AUD/USD continues the decline. The next resistance is significantly lower than the present price level. In this regard, NewForex analysts suggest to sell from the level of 0,7564. The target price level stands at 0,7488. The level of stop loss is seen at 0,7587.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: technical analysis of EUR/USD

EUR/USD continues the decline. The next resistance is significantly lower than the present price level. In this regard, NewForex analysts suggest to sell from the level of 1,1154. The target price level stands at 1,079. The level of stop loss is seen at 1,1201.

NewForex Analyst

David Fineberg

Forex News from NewForex: Technical analysis of USD/CAD

USD/CAD is approaching to the resistance level at 1,3030. When the price breaches this level, it will be appropriate to buy at 0.1,3055 The target price is at 1,3144. The level of stop loss is at 1.2987

NewForex Analyst

Aaron Kaufmann

 

[Anna Mon]

Forex News from NewForex: Technical analysis of EUR/USD

During last week we observed a decrease in quotations of the pair EUR/USD. There are reasons to suppose that the decline will continue. Using this fact, NewForex analysts suggest to sell from the level of 1.1150. The target price level stands at 1.1070. The level of stop loss is seen at 1.1179.

NewForex Analyst

Luigi Campo

Forex News from NewForex: Technical analysis of USD/RUB

Amid falling of oil prices, the ruble weakened against the dollar. Using this fact, NewForex analysts suggest to buy from the level of 65.2000. The target price level stands at 66.6430. The level of stop loss is seen at 64.4458.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: Technical analysis of EUR/GBP

After a long-term increase, price of the pair EUR/GBP started to fall. Using this fact, NewForex analysts suggest to sell from the level of 0.8474. The target price level stands at 0.8324. The level of stop loss is seen at 0.8547.

NewForex Analyst

Michael Butnitsky

Forex News from NewForex: Oil shortage on world markets is not observed

Oil traded positively during the Asian session. However, it is too early to say about a trend change. According to news agencies, the U.S. oil reserves gained last week again. According to Platts inquiry, the growth of oil reserves to 0.6 million barrels in the market is expected. Iraq increases production, but Saudi Arabia actually denied previous statements on the freezing of production. Perhaps the problem is in the position of Iran, which carefully insists that partners in OPEC should respect the aspiration of Teheran to regain market share. It should be noted that the previous agreements between the government of Nigeria and rebels, at the moment are observed. This gives a reason to consider the growth of crude oil exports from the country. Libya also shows a positive progress in the regulation of internal differences, which also provides an opportunity to stabilize the process of unlocking the marine terminals. The stoppage of these objects was one of the main reasons for the decline of daily oil production in the country. All these factors indicate that the potential for prices growth is not observed yet.

NewForex Analyst

Joseph Schwartz

 

[Anna Mon]

Forex News from NewForex: Technical analysis of USD/JPY

USD/JPY continues moving along the channel. The channel boundaries are often tested. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, NewForex analysts recommend to sell at 102.88. It is reasonable to take profit at 100.57. The appropriate level of stop loss stands at 103,90.

NewForex Analyst

David Fineberg

Forex News from NewForex: Technical analysis of USD/CHF

USD/CHF moving through the channel. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, the analyst of NewForex recommend to sell at 0,9800. It is reasonable to take profit at 0,9574. The appropriate level of stop loss is at 0,9905.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: Technical analysis of GBP/JPY

GBP/JPY continues to move along the ascending channel. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, NewForex analysts recommend to buy at 136.10. It is reasonable to take profit at 137.31. The appropriate level of stop loss is at 135.10.

NewForex Analyst

Aaron Kaufmann

Forex News from NewForex: Fundamental analysis of canadian currency

Canada's economy was in a difficult situation up to the present time. Regular decrease of quarterly GDP, led eventually to worse indicators over the last 7 years. The disruptions in production and export of oil as a result of the forest fires were the reason of this. Although this year the analysts admit a renewal of the situation. Over the past year, GDP edged down to 1.6%. This rate was higher than the market expectations. But economists were pleased with data published on Wednesday. It indicated that since June the economy resumed growth. (+0.6% for the second quarter). The Bank of Canada expects a continuation of growth in GDP in the third quarter. All of this can be considered as a positive aspect for the Canadian dollar and its strengthening can be expected.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from NewForex: Technical analysis of USD/CAD

USD/CAD continues moving along the channel. The channel boundaries are often tested. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, NewForex analysts recommend to sell at 1.3060. It is reasonable to take profit at 1.2880. The appropriate level of stop loss stands at 1.3150.

NewForex Analyst

Joseph Schwartz

Forex News from NewForex: Technical analysis of USD/JPY

USD/JPY formed a «triangle» in the medium term. We can assume that in the near future it will continue moving in this range. Taking this fact, the analysts of NewForex recommend to sell at 102.32. It is reasonable to take profit at 100.15. The appropriate level of stop loss is seen at 104.05.

NewForex Analyst

Aaron Kaufmann

Forex News from NewForex: Technical analysis of EUR/USD

EUR/USD reached the resistance level. The next resistance is significantly above than the present price level. In this regard, NewForex analysts suggest to buy from the level of 1.1215. The target price level stands at 1.1275. The level of stop loss is seen at 1.1186.

NewForex Analyst

Michael Butnitsky

Market is waiting for the employment data from the United States

Today the attention of all the players in the Forex market will focus on the release of employment data from the United States. Representatives from Bloomberg announce the growth in the number of jobs to 175 000 in August. On this basis, the unemployment rate in the States will reach 4.8%, which is 0.1% less than in the last month. Likely range of published data is from 125000 to 220,000 jobs. Recall that in July the number of new jobs reached the level of 255000. Proceeding from the forecast and considering the upcoming news, one can make a decision of entering a trade.

NewForex Analyst

Luigi Campo

 

[Anna Mon]

Forex News from NewForex: Technical analysis of USDCHF

USD/CHF continues moving along the channel. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, the analyst of NewForex recommend to sell at 0.9760. It is reasonable to take profit at 0.9575. The appropriate level of stop loss stands at 0.9890.

NewForex Analyst

David Fineberg

Forex News from NewForex: Technical analysis of USD/JPY

USD/JPY formed a «triangle» in the medium term. We can assume that in the near future it will continue moving in this range. Taking this fact, the analysts of NewForex recommend to sell at 102.32. It is reasonable to take profit at 100.15. The appropriate level of stop loss is seen at 104.05.

NewForex Analyst

Joseph Schwartz


Forex News from NewForex: Technical analysis of GBP/JPY

GBP/JPY continues moving along the channel. The channel boundaries are often tested. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, NewForex analysts recommend to sell at 137.84. It is reasonable to take profit at 137.04 The appropriate level of stop loss stands at 138.40.

NewForex Analyst

Aaron Kaufmann

Forex News from NewForex: OPEC made a new oil production record

In August, the volume of OPEC crude oil production rose by 40 thousand barrels compared to the past month. This is the highest rate of growth in recent months. Overall oil production by OPEC countries during the reporting period amounted to 33.5 million barrels per day. Production increased in Iraq, Kuwait, Saudi Arabia and the UAE. Official data from OPEC on the volume of produced oil will be published on 12 September. If demand does not rise along with the increase of production, then we will see a reduction in the cost of oil on world markets. It turns out that the talking about a termination of production volumes increase do not have any sense.It is unlikely that countries will come to agreement. Although it is possible that they did not set themselves such a task. Given these facts, NewForex analysts can predict a decline in the cost of crude oil in the medium term.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from NewForex: Technical analysis of XAU/USD

Over the past week gold showed significant growth, and currently tests level 1325, the resistance level stands as the beginning of the quotations tumble. However, one can not expect a complete decline as the local minimum area haven’t been breached yet. Thus, the forecast of gold prices for today implies an attempt of testing the level 1310, where the beginning of the gold prices increase above the level 1340 should be expected. The breaching of area below the level 1301 will become the cancellation of the scenario of XAU/USD quotations growth.

NewForex Analyst

Michael Butnitsky


Forex News from NewForex: Technical analysis of USD/JPY

USD/JPY formed a «triangle» in the medium term. We can assume that in the near future it will continue moving in this range. Taking this fact, the analysts of NewForex recommend to sell at 102.73. It is reasonable to take profit at 100.85. The appropriate level of stop loss is seen at 104.30.

NewForex Analyst

Sara Rosenstein


Forex News from NewForex: Technical analysis of GBP/USD

GBP/USD continues moving along the channel. This gives us the right to believe that the price will move within these boundaries for some time. Taking this fact, the analyst of NewForex recommend to buy at 1.3335. It is reasonable to take profit at 1.3417. The appropriate level of stop loss stands at 1.3306.

NewForex Analyst

Luigi Campo

Forex News from NewForex: Fundamental analysis of the American currency

The us dollar is still trying to strengthen. The dollar updated today the minimum around 1.1138 in pair with the European currency, as the effect of negative news from the U.S. Department of labor comes to naught. Last Friday data on the number of jobs created in the United States was released. For August, this number amounted to 151 thousand, although around 180 were expected. At the same time, the growth rate of the average wage decreased from 0.3 to 0.1%. This reduced the probability of rate hike in the United States. These factors conduce to the strengthening of the US dollar, and at the same time, to the decline of the pair EUR/USD.

NewForex Analyst

Aaron Kaufmann

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Tuesday, September 13, the pair USD/JPY tests different directions. As we see on today’s 15-minute chart it trades within the support at 101.40 and resistance at 102.05.

Yesterday, the US dollar was under significant pressure after statements by the leadership of the Federal reserve system. However, at the moment the american currency is stable against the yen.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GPB/JPY

In the trading on Tuesday, September 13, the pair GPB/JPY shows downward movement. As we see on today’s 15-minute chart it trades within the support at 135.15 and resistance at 136.10.

The yen continues to strengthen after the recent decisions by the Bank of Japan. And the pound still feels the pressure because of a British exit from the EU.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Tuesday, September 13, the pair EUR/USD trades in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 1.1225 and resistance at 1.1242.

Tonight the publication of Federal Budget Balance is expected. These data can have a significant impact on the US dollar.

NewForex Analyst

Luigi Campo

Forex News from New Forex: The market is waiting for data from Germany

Today an important report on the results of the ZEW research in Germany will be published. It is important to remember that if index value is higher than expected it should be taken as bullish for the EUR, while a lower than expected should be taken as bearish for the EUR. The expected value of the index is 1.8.

As we remember previous ZEW data from Germany showed the size of the fall in German economic sentiment in July. It fell more than expected to −6.8.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Wednesday, September 14, the pair USD/JPY shows an upward movement. As we see on today’s 15-minute chart it trades within the support at 102.85 and resistance at 103.35.

On Tuesday the US dollar rose against the major currencies and recovered against the yen. The American currency is growing based on expectations of a US rate hike. Indicators confirm each other. NewForex analysts recommend to buy the pair with the target 104.35.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GPB/JPY

In the trading on Wednesday, September 14, the pair GPB/JPY trades in broad channel. As we see on today’s 15-minute chart it trades within the support at 135.15 and resistance at 136.10.

Today we see the instability of this currency pair. This is because the yen fell today after the report that the Bank of Japan considers the possibility of further measures of monetary policy easing.

NewForex Analyst

Luigi Campo


Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Wednesday, September 14, the pair EUR/USD continues to trade in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 1.1210 and resistance at 1.1244.

Expectations of increase in the price of the Euro was not confirmed. The pair continues to trade in side trend. NewForex analysts recommend to refrain from trading on this pair.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Market participants are waiting for the EIA report about oil resources

Market participants are expecting important weekly EIA report about oil resources in the United States. These data can greatly affect the price of the american currency. Today in the expectation of this report oil prices are rising after sharp fall yesterday.

Future meeting of the OPEC in Algiers in late September will also have a big effect on the price of oil. OPEC members plan to revisit the restriction of oil production. At the previous meeting they were unable to make this decision because of the refusal of Saudi Arabia to sign an agreement without Iran’s participation.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
In the trading on Thursday, September 15, the pair EUR/USD trades in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 1.1240 and resistance at 1.1250.

Today we expect the publication of several important reports about the size of the base index and volume of retail sales in the United States. And in the evening German Bundesbank President Jens Weidmann is to speak. These events can influence the further movement of the pair.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GPB/USD

In the trading on Thursday, September 15, the pair GPB/USD is moving in broad channel. As we see on today’s 15-minute chart it trades within the support at 1.3240 and resistance at 1.3277.

Today important statistics are expected. These are the statistics from Britain on the volume of retail sales, information about the interest rate and publication of Bank of England monetary policy committee meeting minutes. We think this data will affect the pair. Good news will form a bullish direction for the GBP and negative news will create a bearish market for GBP.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Thursday, September 15, the pair USD/JPY shows an upward movement. As we see on today’s 15-minute chart it trades within the support at 101.93 and resistance at 102.64.

On Wednesday, the yen weakened against the dollar after the statements of the Bank of Japan. However, it regained its position later. At the same time, the dollar held steady against major currencies due to the uncertainty of when the Fed will raise rates.

NewForex Analyst

Luigi Campo

Forex News from New Forex: The Australian labour market is weakened

The Australian Bureau of statistics has published a report on employment in Australia for last month. According to the report the rate of change of employment in August decreased. The labor market remains weak. This is an indication that the economic situation in the country is getting worse.

Against to positive expectations the number of employed decreased on 3.900 to 11.963.700. At the same time the number of economically active population in Australia in August decreased by 0.2% to 64.7%.

Published low rate could generate a bear market for the AUD. Given these data NewForex analysts consider that we should expect that in the future the Reserve Bank of Australia will lower interest rates and Australian dollar will be weakened.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Friday, September 16, the pair EUR/USD begins noticeable downward movement. The European currency fell against the US dollar. As we see on today’s 15-minute chart it trades within the support at 1.1237 and resistance at 1.1250. NewForex analysts expect this pair will continue to move downward. In the second half of the day important statistics about the size of the base consumer price index in the United States are expected. These data will affect the pair’s movement. Good news will form a bullish direction for the USD and negative news will create a bearish market for USD.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of AUD/USD

In the trading on Friday, September 16, the pair AUD/USD is moving in broad channel. The Australian dollar fell against the US dollar. As we see on today’s 15-minute chart it trades within the support at 0.7495 and resistance at 0.7528. Yesterday came out negative data for AUD. However, the pair is not strongly dropped and stopped its movement near the key levels.

NewForex Analyst

Luigi Campo


Forex News from New Forex: Technical analysis of EUR/GBP

In the trading on Friday, September 16, the pair EUR/GBP trades in a narrow channel. The Euro rose against the British pound. As we see on today’s 15-minute chart it trades within the support at 0.8485 and resistance at 0.8505. The pound is still under pressure after news from the UK. Today publication of important news is not expected.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Market participants await US data

Today a report about the size of the base consumer price index in the US in August will be published. This is the main way to measure changes in purchasing trends and inflation in the country. As we remember the basic consumer price index in July rose only 0.1% which was below the expected increase of 0.2%. Yet again there is the expected level of 0.2%.However, as we have seen in last month forecast can not be confirmed. As the dollar is in an unstable state these data will affect the currency price. The data above the expected will form a positive direction for the USD and disappointing data will create a negative market for USD.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/CHF

In the trading on Monday, September 19, the pair USD/CHF trades in a narrow channel.USD/CHF is stable. As we see on today’s 15-minute chart it trades within the support at 0.8485 and resistance at 0.8505.

Technical indicators give a single buy signal.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Monday, September 19, the pair USD/JPY is moving in broad channel. As we see on today’s 15-minute chart it trades within the support at 101.66 and resistance at 102.15.

Currency pair USD/JPY fell. It happened as the dollar strengthened after data on Friday that consumer prices rose in August by 0.2% .

NewForex Analyst

Luigi Campo


Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Monday, September 19, the pair EUR/USD begins noticeable downward movement. As we see on today’s 15-minute chart it trades within the support at 1.1150 and resistance at 1.1175.

US dollar drops against the major currencies. This happens on the background of expectations of the fed’s important report .

NewForex Analyst

Luigi Campo

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Thursday, September 22, the pair EUR/USD continues upward movement. As we see on today’s 15-minute chart it trades within the support at 1.1180 and resistance at 1.1230.

During today's trading the US dollar falls against the Euro after the decision of the Federal reserve system to keep the interest rate to 0.50%.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Thursday, September 22, the pair GBP/USD is moving in upward channel. As we see on today’s 15-minute chart it trades within the support at 1.3025 and resistance at 1.3085.

The pair began to rise after yesterday’s release of statistics from the UK. The data showed that the economy was not weakened after the UK decision to leave the EU.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Thursday, September 22, the pair USD/JPY is trading in the sideways channel. As we see on today’s 15-minute chart it trades within the support at 100.05 and resistance at 100.50.

Data about the American economy and disappointing decision of the Bank of Japan forms the movement of the pair USD/JPY to mark 100.

NewForex Analyst

Luigi Campo

Forex News from New Forex: US oil reserves have declined

Data published yesterday by EIA about oil resources in the United States did not confirm the expectations. These data showed a decrease of 6.2 million barrels of oil from the previous month. While its growth by 3.2 million barrels of oil was expected.

The market participants attention is drawn to future meeting of the OPEC in Algiers in late September. This meeting will also have a big effect on the price of oil. OPEC members plan to revisit the restriction of oil production. At the previous meeting they were unable to make this decision because of the refusal of Saudi Arabia to sign an agreement without Iran’s participation.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Friday, September 23, the pair USD/JPY is trading in the sideways channel. As we see on today’s 15-minute chart it trades within the support at 100.75 and resistance at 101.15.

The pair is still influenced by the decision of the Bank of Japan. Although it is beginning to show a small increase. As we think, the pair will continue to remain in a sideways range. However, the price can go up on positive US data.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Friday, September 23, the pair GBP/USD is moving in the sideways channel. As we see on today’s 15-minute chart it trades within the support at 1.2985 and resistance at 1.3087.

Yesterday after statements by the representatives of the Bank of England was a notable rise of GBP. On Friday, representatives of the US Federal reserve will make a statement. It can also affect a currency pair.

NewForex Analyst

Luigi Campo


Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Friday, September 23, the pair EUR/USD is moving in the sideways channel. Dollar falls against Euro. As we see on today’s 15-minute chart it trades within the support at 1.1193 and resistance at 1.1220.

The Euro held steady against the US currency after the release of mixed PMI of Eurozone. The main influence on the pair still has the fed decision.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Gold prices have decreased

Today the prices of gold have decreased after strengthening of the US dollar. On Wednesday there was a gold price hike after the fed’s decision to leave interest rates unchanged and the forecast for a less aggressive interest rate hike for the next two years. The dollar was under pressure after this data.

However, on Thursday came out strong statistics on the US labor market. For a week the number of applications for unemployment benefit in USA decreased on 8 thousand. While the growth was expected on 2 thousand. After these data, the dollar began to rise. This had a negative effect on the price of gold.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Monday, September 26, the pair USD/JPY is trading in the sideways channel. The U.S. dollar rose against the Japanese yen. As we see on today’s 15-minute chart it trades within the support at 100.65 and resistance at 101.10.

In the US there will be presidential elections soon. Therefore, the results of the televised debate of candidates in presidents of America will have an impact on the price of the pair. The debate will start tonight.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Monday, September 26, the pair GBP/USD is moving in the sideways channel. The US dollar fell against the British pound. As we see on today’s 15-minute chart it trades within the support at 1.2925 and resistance at 1.2985.

An important report from the U.S. may affect the price of this pair. Today statistics of U.S. New Home Sales will be published.

NewForex Analyst

Luigi Campo


Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Monday, September 26, the pair EUR/USD is moving in the sideways channel. The dollar fell against the Euro. As we see on today’s 15-minute chart it trades within the support at 1.1215 and resistance at 1.1235.

Today we expect two important events that may affect the price of the pair. This is a report on the Germany IFO Business Climate Index and the speech of European Central Bank president Draghi.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Oil prices rose

On Monday, 26 September, oil prices rose taking into consideration the growing expectations of the outcome of the meeting in Algeria. The weakening dollar also supported oil prices. So oil has recovered after sharp fall on Friday. This morning futures for oil of mark WTI rose in price by 0,74% and Brent by 0.73%.

On this week in Algeria will be held meeting of the OPEC. This meeting will also have a big effect on the price of oil. OPEC members plan to revisit the restriction of oil production. At the previous meeting they were unable to make this decision because of the refusal of Saudi Arabia to sign an agreement without Iran’s participation.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Tuesday, September 27, the pair USD/JPY is trading in the sideways channel. As we see on today’s 15-minute chart it trades within the support at 100.05 and resistance at 101.00.

The published minutes of the Bank of Japan also weakened the pair. Because they are not made clear.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Tuesday, September 27, the pair GBP/USD is moving in the sideways channel. As we see on today’s 15-minute chart it trades within the support at 1.2905 and resistance at 1.3000.

NewForex analysts expect the pound will increase and the price of the pair will rise to 1.3100.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Tuesday, September 27, the pair EUR/USD continues the downward movement. As we see on today’s 15-minute chart it trades within the support at 1.1213 and resistance at 1.1260.

US dollar stable against major currencies. Market sentiment has improved because of good results of the TV debate of candidates in US presidents.

NewForex Analyst

Luigi Campo

Market participants wait for US data

Today market participants are waiting for important reports from the United States. Data about U.S. CB Consumer Confidence in the current month will be published. Analysts expect the indicator to fall to a value of 99.0. In August it stood at 101,1 points. The index reflects the perception by Americans of the current economic conditions and the associated expectations.

The results of the debates had a positive impact on the dollar. Hillary Clinton performed better than Donald Trump.Investors interested in the victory of Hillary Clinton. Therefore, they are closely watching what is happening. The next debate will be held on 9 October.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Wednesday, September 28, the pair EUR/USD shows a downward movement. Yesterday the Euro dropped against the US dollar. As we see on today’s 15-minute chart it trades within the support at 1.1180 and resistance at 1.1215.

Today it is expected many important reports from the United States and the President of the European Central Bank Draghi. These events can change the situation on the pair.

NewForex Analyst

Luigi Campo


Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Wednesday, September 28, the pair GBP/USD is moving in the sideways channel. As we see on today’s 15-minute chart it trades within the support at 1.2980 and resistance at 1.3030.

Yesterday the pound broke through the level of 1.3000. Today we see a correction to this level. Therefore NewForex analysts see a buying opportunity.

NewForex Analyst

Luigi Campo


Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Wednesday, September 28, the pair USD/JPY is moving in the sideways channel. As we see on today’s 15-minute chart it trades within the support at 100.50 and resistance at 100.80.

Today important data from the USA of core durable goods orders and crude oil inventories can affect the price of the pair. Today’s U.S. Fed chair Yellen testifies will influence the mood of the pair.

NewForex Analyst

Luigi Campo

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Thursday, September 29, the pair USD/JPY went up. As we see on today’s 30-minute chart it trades within the support at 101.35 and resistance at 101.60.

The pair returned to it position. As we can see it grew up from the 100.00 mark. The American dollar saved its positions against the yen after Janet Yellen’s speech.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Thursday, September 29, the pair GBP/USD is moving in the sideways channel. As we see on today’s 5-minute chart it trades within the support at 1.2980 and resistance at 1.3005.

On Thursday the pound declined against the US dollar. US currency received support from yesterday’s speech of Janet Yellen.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Thursday, September 29, the pair EUR/USD shows a sideways movement. As we see on today’s 5-minute chart it trades within the support at 1.1210 and resistance at 1.1229.

The Euro fell after yesterday’s speech of the head of the fed Janet Yelan. She said about a possible increase in interest rates before the end of 2016.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Oil prices are falling during trading on Thursday

Today, on September 29, during the trading session oil prices are falling as market participants questioned the decision of OPEC to limit oil production.Yesterday after the most anticipated meeting of the month the ministers announced the decision to restrict oil production from November of this year. According to preliminary data, the production will not be above the level of 32.50 million barrels of oil per day.

Additionally the U.S. Department of energy published yesterday a report on the decline of commercial oil stocks by 1.9 million barrels. These events put pressure on oil futures and form it today’s prices.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

In the trading Friday, September 30, the pair USD/JPY is moving in the sideways channel. . As we see on today’s 30-minute chart it trades within the support at 101.35 and resistance at 101.60.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

In the trading Friday, September 30, the pair GBP/USD is moving in the sideways channel. As we see on today’s 15-minute chart it trades within the support at 1.2930 and resistance at 1.2990.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Friday, September 30, the pair EUR/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.1160 and resistance at 1.1230.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Gold is trading in different directions

Today, on September 30, during the trading session gold traded mixed. This occurred because of yesterday’s reports from the United States. This put pressure on the U.S. dollar. This morning gold futures showed growth and traded at a price of $1329. On Friday, market participants await the release of US data about the expectations and consumer sentiment, and business activity of the inhabitants. Information that major customers take money out of the Bank of Germany for fear of the possible fine has also supported gold.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Forex News from New Forex: Technical analysis of USD/JPY

In the trading on Monday, October 3, the pair USD/JPY is moving in the sideways channel.As we see on today’s 15-minute chart it trades within the support at 101.25 and resistance at 101.50.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD

In the trading on Monday, October 3, the pair GBP/USD shows a downward movement. As we see on today’s 15-minute chart it trades within the support at 1.2845 and resistance at 1.2945.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Technical analysis of EUR/USD

In the trading on Monday, October 3, the pair EUR/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.1220 and resistance at 1.1240.

NewForex Analyst

Luigi Campo