Forex News from New Forex: Technical analysis of EUR/USD
On Thursday the pair is traded in different directions within the current levels of support at 1.0725 and resistance at 1.0765. The rate is clamped between moving averages with the period of 20 and 55. On the four-hour chart the bullish spirit of the market participants is observed on a large scale. The MACD histogram is in a positive zone. It means that the market keeps the ascending potential. The Stochastic oscillator is located in the central area and grows giving a signal for the single European currency for purchase as the %К line is higher than the %D line.
Forex News from New Forex: Technical analysis of GBP/USD
On Thursday after opening of the European trading session this currency pair differs in a strong overbought level at the trades. On the four-hour chart the stable ascending trend is observed in the short term. The chart is much above the moving averages with the period of 20 and 55 continuing to grow. As a result of the current rally the British pound considerably strengthened against the American dollar and returned to its month maxima. Today the market tests resistance around a mark of 1.2677 with support level at 1.2576. The MACD histogram is located in a positive zone confirming good bullish market potential and grows giving a signal on sterling purchase. The Stochastic oscillator came deeply into the an overbought zone and continues to give a signal for purchase as the %К line is higher the %D line.
Forex News from New Forex: Technical analysis of USD/JPY
On Thursday, the American dollar slightly strengthened against the Japanese yen despite increase in amount of foreign investments in the Japanese shares and bonds at the trades in Asia. During the trades continuation of this market consolidation in the corner of support at 112.68 and resistance at 113.79 is observed. The technical structure of the market indicates weakening of bearish moods of its participants that is confirmed by the MACD histogram. The Stochastic oscillator is in the central area and gives a signal on purchase of the American dollar against national currency of Japan.
Forex News from New Forex: Technical analysis of USD/CHF
On Thursday, continuation of the descending trend is observed at the trades since the beginning of the current year. On the four-hour chart moving averages with the period of 20 and 55 days steadily decrease within the descending channel. The technical structure of this market is characterized by obvious bearish potential the MACD histogram is in a negative zone periodically creating signals for sale. The ADX trend indicator reports a small delay of the current descending tendency in the short term. The Stochastic oscillator is located in the central area and also creates a signal for sale.
NewForex Analyst
Aaron Kaufmann
Fundamental analysis from New Forex: The Asia-Pacific region
For today, the trade in an Asia-Pacific region is quite saturated as it was promoted by yesterday’s progress in the European market and the US while the market with the industrial Dow Jones index for the first time punched the level in 20000. Because of the growing interest in risk, the market of precious metals was developed and now it falls. The MSCI index grew up by 0.8% to its four-months maxima while Hong Kong shares added 1.3% in South Korea and grew up by 1% and for 0.2% in Shanghai. The Japanese stock market added 1.6%. Density of trade is explained by a considerable surplus in shares of the American companies today and growth of orders for the Japanese export. Besides, interest in traditional assets is persistently maintained by protectionist moods of the American government. The US dollar tested just the opposite, negative consequences of protectionist prospects and the situation wasn’t corrected even by the growing profitability of two-year and ten-year treasury bonds. An index of the American currency at the level of 99.793. However, the dollar almost didn’t change against yen and is traded at the level of 113.375. The Canadian dollar is falling because of oil inventories growth in the USA while the Australian dollar is also settled in defense providing liquidity of shares of mining companies.
Fundamental analysis from New Forex: Europe
The European shares reduced the early growth which was supported by strong corporate data and also the protectionist policy of the American government is traded restrictedly. However, the surplus in bank shares and mining companies opens broad prospects for a short-term growth of cyclic shares. The all-European Stoxx added 1.4%, German DAX grew up by 1.8%, the Italian MIB for 0.4%, the French SAS — 1.2%, the British FTSE added 0.6%. The European banking sector extended in 3% and oil in the goods markets added 0.8% by 55.53 for barrel of benchmark Brent. These days the European shares look attractively and weak euro provides their liquidity. The European currency weakened and is traded at the level of 1.07542 against the American dollar having departed from the half-month maxima which was reached earlier on Tuesday. At the same time the pound sterling grew up and limited its growth of British shares against the background of Supreme Court decisions in the relation to the procedure of membership denouncement of Britain in the EU a little. The Swiss franc became stronger against the majority of currencies because of strong corporate reportings.
NewForex Analyst
Alex Vergunov
Shareholders took off most cash from U.S. stock funds since election
Investment Company Institute data for the latest week showed that shareholders sold U.S.-based domestic stock funds within the shortest possible time since equities leapt following the presidential elections. Recently we can observe the largest outflow for the funds since the election-week period ended November 9, when outflows reached $6.4 billion. The US President, Donald Trump came into office last Friday. Trump with his Republican party, which controls Congress, have promotes potential contemporary economic stimulus measures, such as tax cuts. U.S.-based fixed-income funds lost $13 in November. As for bond funds, they continued to bring money. Commodity funds, included those for buying gold, attracted $231 million as the data showed.
NewForex Analyst
Michael Butnitsky
On Thursday the pair is traded in different directions within the current levels of support at 1.0725 and resistance at 1.0765. The rate is clamped between moving averages with the period of 20 and 55. On the four-hour chart the bullish spirit of the market participants is observed on a large scale. The MACD histogram is in a positive zone. It means that the market keeps the ascending potential. The Stochastic oscillator is located in the central area and grows giving a signal for the single European currency for purchase as the %К line is higher than the %D line.
Forex News from New Forex: Technical analysis of GBP/USD
On Thursday after opening of the European trading session this currency pair differs in a strong overbought level at the trades. On the four-hour chart the stable ascending trend is observed in the short term. The chart is much above the moving averages with the period of 20 and 55 continuing to grow. As a result of the current rally the British pound considerably strengthened against the American dollar and returned to its month maxima. Today the market tests resistance around a mark of 1.2677 with support level at 1.2576. The MACD histogram is located in a positive zone confirming good bullish market potential and grows giving a signal on sterling purchase. The Stochastic oscillator came deeply into the an overbought zone and continues to give a signal for purchase as the %К line is higher the %D line.
Forex News from New Forex: Technical analysis of USD/JPY
On Thursday, the American dollar slightly strengthened against the Japanese yen despite increase in amount of foreign investments in the Japanese shares and bonds at the trades in Asia. During the trades continuation of this market consolidation in the corner of support at 112.68 and resistance at 113.79 is observed. The technical structure of the market indicates weakening of bearish moods of its participants that is confirmed by the MACD histogram. The Stochastic oscillator is in the central area and gives a signal on purchase of the American dollar against national currency of Japan.
Forex News from New Forex: Technical analysis of USD/CHF
On Thursday, continuation of the descending trend is observed at the trades since the beginning of the current year. On the four-hour chart moving averages with the period of 20 and 55 days steadily decrease within the descending channel. The technical structure of this market is characterized by obvious bearish potential the MACD histogram is in a negative zone periodically creating signals for sale. The ADX trend indicator reports a small delay of the current descending tendency in the short term. The Stochastic oscillator is located in the central area and also creates a signal for sale.
NewForex Analyst
Aaron Kaufmann
Fundamental analysis from New Forex: The Asia-Pacific region
For today, the trade in an Asia-Pacific region is quite saturated as it was promoted by yesterday’s progress in the European market and the US while the market with the industrial Dow Jones index for the first time punched the level in 20000. Because of the growing interest in risk, the market of precious metals was developed and now it falls. The MSCI index grew up by 0.8% to its four-months maxima while Hong Kong shares added 1.3% in South Korea and grew up by 1% and for 0.2% in Shanghai. The Japanese stock market added 1.6%. Density of trade is explained by a considerable surplus in shares of the American companies today and growth of orders for the Japanese export. Besides, interest in traditional assets is persistently maintained by protectionist moods of the American government. The US dollar tested just the opposite, negative consequences of protectionist prospects and the situation wasn’t corrected even by the growing profitability of two-year and ten-year treasury bonds. An index of the American currency at the level of 99.793. However, the dollar almost didn’t change against yen and is traded at the level of 113.375. The Canadian dollar is falling because of oil inventories growth in the USA while the Australian dollar is also settled in defense providing liquidity of shares of mining companies.
Fundamental analysis from New Forex: Europe
The European shares reduced the early growth which was supported by strong corporate data and also the protectionist policy of the American government is traded restrictedly. However, the surplus in bank shares and mining companies opens broad prospects for a short-term growth of cyclic shares. The all-European Stoxx added 1.4%, German DAX grew up by 1.8%, the Italian MIB for 0.4%, the French SAS — 1.2%, the British FTSE added 0.6%. The European banking sector extended in 3% and oil in the goods markets added 0.8% by 55.53 for barrel of benchmark Brent. These days the European shares look attractively and weak euro provides their liquidity. The European currency weakened and is traded at the level of 1.07542 against the American dollar having departed from the half-month maxima which was reached earlier on Tuesday. At the same time the pound sterling grew up and limited its growth of British shares against the background of Supreme Court decisions in the relation to the procedure of membership denouncement of Britain in the EU a little. The Swiss franc became stronger against the majority of currencies because of strong corporate reportings.
NewForex Analyst
Alex Vergunov
Shareholders took off most cash from U.S. stock funds since election
Investment Company Institute data for the latest week showed that shareholders sold U.S.-based domestic stock funds within the shortest possible time since equities leapt following the presidential elections. Recently we can observe the largest outflow for the funds since the election-week period ended November 9, when outflows reached $6.4 billion. The US President, Donald Trump came into office last Friday. Trump with his Republican party, which controls Congress, have promotes potential contemporary economic stimulus measures, such as tax cuts. U.S.-based fixed-income funds lost $13 in November. As for bond funds, they continued to bring money. Commodity funds, included those for buying gold, attracted $231 million as the data showed.
NewForex Analyst
Michael Butnitsky