Forex News from New Forex: Technical analysis of EUR/USD
On Tuesday couple is traded with reduction in price remaining within support level at 1.0355 and the level of resistance at 1.0440. The technical analysis of the market remains bearish. On the four-hour chart the MACD histogram is in a negative zone and it is slightly higher than the signal line and moves along time axis. Stochastic entered an oversold zone with the %L line below the %D line. Thus, we have signals for sale on both indicators in the short term.
Forex News from New Forex: Technical analysis of GBP/USD
At opening of trades in Europe this currency pair continues the descending dynamics, being traded within support levels at 1.2300 and resistance at 1.2450. Today the bearish mood of the participants remain to dominate in the market just like yesterday. In a four-hour time frame the descending progression of the MACD histogram is observed giving a strong signs for benefit of short positions. The Stochastic oscillator gives an accurate signal for sale and the %K line fell below the %D line.
Forex News from New Forex: Technical analysis of USD/JPY
On Tuesday, after a small correction at the end of the last week at the trades, it is observed the renewal of the currency pair growth in levels of support and resistance at marks of 116.12 and 117.55 which increased consequently. On the four-hour chart the technical analysis looks moderately bullish with continuation of the ascending trend in the market. For today, the MACD histogram intensively grows returning to a positive zone, being above the signal line that is a certain signal for purchases. Stochastic also gives a signal on purchase so the %K line is higher than the %D line staying in an overbought zone.
NewForex Analyst
Luigi Campo
Fundamental analysis from New Forex: The Asia-Pacific region
The Bank of Japan kept its rates without changes that led to fall of yen and served as the driver for growth of exporters shares. In general shares in the region are traded in different directions because of terrorist attacks in Turkey and Germany. At the same time, the head of the Federal Reserve of the USA Janet Yellen gave a number of bullish comments on the labor market and monetary policy that spurred on US dollar and the shares of Wall Street. The MSCI index is traded with a small surplus of 0.05%, Nikkei added 0.12%. In China CSI 300 weakened at 0.6%. The Wall Street grew: Nasdaq added 0.37%, S&P 500 and industrial Dow added 20%. ASX in Australia grew up by 0.52%, and the Canadian TSX extended for 0.12% today. The US dollar grew up by 0.1% against yen having closed its lowering with 0.7% earlier on Monday. The index of US dollar added 0.2%. For today, the Canadian and Australian dollars got the upper hand of growth. On the eve of holidays there is a decrease in the trading volumes even on obviously perspective tools as investors and traders are hedged through safe assets.
Fundamental analysis from New Forex: Europe
Interest in the banking sector was developed as it was expected that led to fall of European bonds profitability. The next attempt of Monte dei Paschi bank to receive the credit of 5 billion euros from the European Central Bank was the cause of short-term pressure weakening of a debt burden. Today, the global bank index added 0.27% while the European bank index lost more than 1.2% from Stoxx Europe. Gold grew up by 0.46% against the background of the condensed policy risks while investment moods of the financial risks inclined to hedging. Brent oil lost 0.2% having fallen to $54.82 for barrel again because of holidays. It led an index of alternative energy WH Clean Energy to growth by 1.69% while the Bioenergy index grew up by 0.16%. Formerly Euro lost 0.4% against the greenback while the British pound trades above the majority of currencies and the Swiss franc shows weakness signs though trades above yen and euro being supported at the hedgers cost. Meanwhile, the authority of the Managing Director of the International Monetary Fund Lagarde, received a serious damage against the background of accusations of the French court in negligence but the Fund committee decided to leave the head in a position.
NewForex Analyst
Alex Vergunov
On Tuesday couple is traded with reduction in price remaining within support level at 1.0355 and the level of resistance at 1.0440. The technical analysis of the market remains bearish. On the four-hour chart the MACD histogram is in a negative zone and it is slightly higher than the signal line and moves along time axis. Stochastic entered an oversold zone with the %L line below the %D line. Thus, we have signals for sale on both indicators in the short term.
Forex News from New Forex: Technical analysis of GBP/USD
At opening of trades in Europe this currency pair continues the descending dynamics, being traded within support levels at 1.2300 and resistance at 1.2450. Today the bearish mood of the participants remain to dominate in the market just like yesterday. In a four-hour time frame the descending progression of the MACD histogram is observed giving a strong signs for benefit of short positions. The Stochastic oscillator gives an accurate signal for sale and the %K line fell below the %D line.
Forex News from New Forex: Technical analysis of USD/JPY
On Tuesday, after a small correction at the end of the last week at the trades, it is observed the renewal of the currency pair growth in levels of support and resistance at marks of 116.12 and 117.55 which increased consequently. On the four-hour chart the technical analysis looks moderately bullish with continuation of the ascending trend in the market. For today, the MACD histogram intensively grows returning to a positive zone, being above the signal line that is a certain signal for purchases. Stochastic also gives a signal on purchase so the %K line is higher than the %D line staying in an overbought zone.
NewForex Analyst
Luigi Campo
Fundamental analysis from New Forex: The Asia-Pacific region
The Bank of Japan kept its rates without changes that led to fall of yen and served as the driver for growth of exporters shares. In general shares in the region are traded in different directions because of terrorist attacks in Turkey and Germany. At the same time, the head of the Federal Reserve of the USA Janet Yellen gave a number of bullish comments on the labor market and monetary policy that spurred on US dollar and the shares of Wall Street. The MSCI index is traded with a small surplus of 0.05%, Nikkei added 0.12%. In China CSI 300 weakened at 0.6%. The Wall Street grew: Nasdaq added 0.37%, S&P 500 and industrial Dow added 20%. ASX in Australia grew up by 0.52%, and the Canadian TSX extended for 0.12% today. The US dollar grew up by 0.1% against yen having closed its lowering with 0.7% earlier on Monday. The index of US dollar added 0.2%. For today, the Canadian and Australian dollars got the upper hand of growth. On the eve of holidays there is a decrease in the trading volumes even on obviously perspective tools as investors and traders are hedged through safe assets.
Fundamental analysis from New Forex: Europe
Interest in the banking sector was developed as it was expected that led to fall of European bonds profitability. The next attempt of Monte dei Paschi bank to receive the credit of 5 billion euros from the European Central Bank was the cause of short-term pressure weakening of a debt burden. Today, the global bank index added 0.27% while the European bank index lost more than 1.2% from Stoxx Europe. Gold grew up by 0.46% against the background of the condensed policy risks while investment moods of the financial risks inclined to hedging. Brent oil lost 0.2% having fallen to $54.82 for barrel again because of holidays. It led an index of alternative energy WH Clean Energy to growth by 1.69% while the Bioenergy index grew up by 0.16%. Formerly Euro lost 0.4% against the greenback while the British pound trades above the majority of currencies and the Swiss franc shows weakness signs though trades above yen and euro being supported at the hedgers cost. Meanwhile, the authority of the Managing Director of the International Monetary Fund Lagarde, received a serious damage against the background of accusations of the French court in negligence but the Fund committee decided to leave the head in a position.
NewForex Analyst
Alex Vergunov