Daily news from NewForex

[Anna Mon]

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

In the trading on Wednesday, October 5, the pair EUR/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.1205 and resistance at 1.1235.

NewForex Analyst
Luigi Campo


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

In the trading on Wednesday, October 5, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2675 and resistance at 1.2740.

NewForex Analyst

Luigi Campo

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

In the trading on Wednesday, October 5, the pair USD/JPY shows an upward movement. As we see on today’s 15-minute chart it trades within the support at 102.65 and resistance at 103.15.

NewForex Analyst

Luigi Campo

 

[Anna Mon]

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

In the trading on Thursday, October 6, the pair USD/JPY shows an upward movement. As we see on today’s 15-minute chart it trades within the support at 103.30 and resistance at 103.70.

NewForex Analyst

Luigi Campo

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

In the trading on Thursday, October 6, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2697 and resistance at 1.2765.

NewForex Analyst

Luigi Campo

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

In the trading on Thursday, October 6, the pair EUR/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.1175 and resistance at 1.1215.

NewForex Analyst

Luigi Campo

 

[Anna Mon]

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

In the trading on Friday, October 7, the pair EUR/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.1120 and resistance at 1.1155.

NewForex Analyst

Luigi Campo

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

In the trading on Friday, October 7, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.1930 and resistance at 1.2610.

NewForex Analyst

Luigi Campo


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

In the trading on Friday, October 7, the pair USD/JPY traded in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 103.50 and resistance at 104.05.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Gold prices began to rise

Today, on Friday, October 7, during the trading session gold prices began to rise. However, the precious metal is still under pressure. This happens on the background of the fact that market participants expect higher interest rates in the United States. Today, market participants are waiting for an important report on employment in non-agricultural sector of America. Positive reports on the U.S. economy will strengthen expectations for a rate hike. But the dollar index rose by 0.43% against other major currencies. And on the background of positive news for the dollar, we see the growing pressure on gold.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

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

In the trading on Monday, October 10, the pair USD/JPY traded in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 102.85 and resistance at 103.45.

NewForex Analyst

Luigi Campo

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

In the trading on Monday, October 10, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2378 and resistance at 1.2450.

NewForex Analyst

Luigi Campo

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

In the trading on Monday, October 10, the pair EUR/USD shows a downward movement. As we see on today’s 15-minute chart it trades within the support at 1.1155 and resistance at 1.1200.

NewForex Analyst

Luigi Campo

 

[Anna Mon]

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

In the trading on Tuesday, October 11, the pair USD/JPY traded in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 103.50 and resistance at 104.10.

NewForex Analyst

Luigi Campo


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

In the trading on Tuesday, October 11, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2250 and resistance at 1.2345.

NewForex Analyst

Luigi Campo


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

In the trading on Tuesday, October 11, the pair EUR/USD shows a downward movement. As we see on today’s 15-minute chart it trades within the support at 1.1065 and resistance at 1.1140.

NewForex Analyst

Luigi Campo

 

[Anna Mon]

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

In the trading on Monday, October 17, the pair USD/JPY traded in a narrow channel. As we see on today’s 15-minute chart it trades within the support at 103.90 and resistance at 104.30.

NewForex Analyst

Luigi Campo

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

In the trading on Monday, October 17, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2150 and resistance at 1.2260.

NewForex Analyst

Luigi Campo


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

In the trading on Monday, October 17, the pair EUR/USD shows a downward movement. As we see on today’s 15-minute chart it trades within the support at 1.0995 and resistance at 1.1035.

NewForex Analyst

Luigi Campo

Forex News from New Forex: Gold prices are stable

Today, on October 17, during the trading session the price of gold shows stability. The US dollar strengthened and put pressure on gold. This happened on the background of good data from the US, which on Friday supported the US currency. The price of gold is dependent on the US dollar. The US currency strengthened in September on the background of the forecast of a rate hike in December this year. Today reports on U.S. industrial production and manufacturing activity in New York can have an impact on the American currency.

NewForex Analyst

Sara Rosenstein

 

[Anna Mon]

Fundamental analysis from New Forex: The Asia-Pacific region
Stock indices around the world are mostly in negative territory today, due to the growing yield of US Treasury bonds. It lifted the dollar higher nine-month highs after some positive economic data spurred expectations the growth of the Federal funds rate.
The global MSCI stock Asia-Pacific (excluding Japan) gave 0.3% due to the heightened interest in risk. At the same time, the Nikkei added 0.63 percent due to the weakened currency. Meanwhile in Australia composite S&P\ASX weakened by 0.22%. The yen retreated into defensive positions against other major currencies. The Australian dollar strengthened against the yen only.
In September, officials BoJ changed the strategy of monetary policy. In pursuit of 2% inflation by intention to control the yield curve they hold the yield on 10-year government bonds at 0%. But today, many economists think that this approach is not able to justify themselves in the environment where the yen is traditionally entrenched in the minds of investors as a tool for hedging financial risks.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: North America
Positive data from the United States including data from the labor market, housing sales, and data on manufacturing activity strengthened the prospects for the growth rates fed funds at the end of the year raising the yield of Treasury bonds.
Trading stocks wall street, respectively, have suffered because of the stronger near 9-month highs currency: Nasdaq Composite index gave up 0.65 percent and the S&P 500 and the Dow Jones losing 0.30 and 0.16%, respectively. The US dollar index is at the level of expanding 98.880 achieved 0.2% growth earlier on Thursday. In the weekly rate index added 0.3%, slightly ahead of its nine-month high. Canadian composite S&P/TSX added 0.18%, while the loonie is stable, strengthening against the Japanese yen, Australian dollar and British.
Markets focused on the upcoming presidential elections in the United States scheduled for 8 November. The major economic changes that expect the whole world can become relevant tax reform, support of course of expensive money from the trump or the policy of low interest rates (by Clinton), as well as a number of tangible changes in foreign economic and political activities. In addition today, we will see data on US GDP, which is expected by most economists, will show a satisfactory result.

NewForex Analyst
Alex Vergunov

Forex News from New Forex: Technical analysis of EUR/USD
In the trading on Friday, October 28, the pair EUR/USD shows upward movement. As we see on today’s 15-minute chart it trades within the support at 1.0890 and resistance at 1.0930.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD
In the trading on Friday, October 28, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2195 and resistance at 1.2275.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of USD/JPY
In the trading on Friday, October 28, the pair USD/JPY shows movement in different directions. As we see on today’s 15-minute chart it trades within the support at 104.30 and resistance at 104.80.

NewForex Analyst
Luigi Campo

 

[Anna Mon]

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

In the trading on Tuesday, November 1, the pair USD/JPY shows movement in different directions. As we see on today’s 15-minute chart it trades within the support at 104.70 and resistance at 105.15.

NewForex Analyst

Luigi Campo

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

In the trading on Tuesday, November 1, the pair GBP/USD shows a sideways movement. As we see on today’s 15-minute chart it trades within the support at 1.2210 and resistance at 1.2280.

NewForex Analyst

Luigi Campo

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

In the trading on Tuesday, November 1, the pair EUR/USD shows upward movement. As we see on today’s 15-minute chart it trades within the support at 1.0960 and resistance at 1.1000.

NewForex Analyst

Luigi Campo

Fundamental analysis from New Forex: Europe

European stock continued to fall, reflecting weaknesses in the financial sector in the Euro area. Comparative IBEX in Spain, meanwhile, shows that the country is in a political standstill end and lost 0.6% after lawmakers agreed to represent the conservative, Mariano Rajoy, to a second term as Prime Minister. The index fell 4.2% this year.

The pan-European Stoxx 600 lost −0.5%. Capital is moving to Asian countries. Oil and gas index Stoxx 600 fell by −1.5% as the market revives fears that OPEC will achieve additional prospects for the initiative to reduce oil production. Such measures, as experience shows, so far only in the short term affect on excess supply, leaving the oil under the pressure of long-term depreciation of the assets.

Thus, today we can observe only a short-term burst of interest in the stock. It may be supported for some time by positive data from China, but it is more appreciably returning investment interest in risky assets.

NewForex Analyst

Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

The largest Asian economy — China has published a report on manufacturing activity for October. They recorded the fastest pace of expansion performance of commercial and national businesses over the last two years. The report noted that the credit and housing boom stabilized the economy.

At the same time, the Bank of Japan provided a modest inflation forecasts. It is expected that this will significantly affect the stock market soon. It is also expected that the Federal reserve will leave monetary policy unchanged on Wednesday. Officials will use the next meeting to prepare the ground for raising interest rates in December.

The largest MSCI stock Asia-Pacific region outside of Japan today added +0.23%, mainly due to the fact that the Chinese data revived interest in to traditional assets. At the same time, the Japanese Nikkei 225 rose by +0.10 percent due to the weakened yen, which opened the prospects for the competitiveness of exporters.Stock indexes on wall street closed in negative territory due to the stabilised US dollar: S&P 500 lost −0.01% and the Nasdaq Composite and the Dow Jones lost −0.02 and −0.10%, respectively. Australia’s S&P/ASX eased on the-0.51% due to stronger Australian dollar, despite record low interest rates, fixed by RBA today, while the canadian S&P/TSX remained in expansion territory, up +0.01%.

The Japanese yen is trading weaker against most major currencies, while the greenback strengthened against pound, yen and European currencies. The Australian dollar remains the growth leader this week, trading above all major currencies. Canadian only slightly inferior to Aussie, and also strengthened against most currencies.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

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

In the trading on Wednesday, November 2, the pair USD/JPY shows downward movement. As we see on today’s 15-minute chart it trades within the support at 103.05 and resistance at 104.20.

NewForex Analyst

Luigi Campo

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

In the trading on Wednesday, November 2, the pair GBP/USD shows upward movement. As we see on today’s 15-minute chart it trades within the support at 1.2220 and resistance at 1.2344.

NewForex Analyst

Luigi Campo

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

In the trading on Wednesday, November 2, the pair EUR/USD shows upward movement. As we see on today’s 15-minute chart it trades within the support at 1.1050 and resistance at 1.1100.

NewForex Analyst

Luigi Campo


Fundamental analysis from New Forex: Europe

European stocks remain in negative territory, due to growing weakness in many sectors of the economy, mainly in the financial sector, and in employment and the manufacturing sector. In addition, the uncertainty in the results of the presidential elections in the United States also influenced the interest of investors in traditional assets.

The pan-European Stoxx 600 slipped 1.1 percent, with losses across all sectors and in addition, to the weakest level since February 20 this year. The volatility index rose to the September highs reflecting the tendency of investors to work with high-risk asset classes.

The Euro strengthened against most other currencies of the other major currencies, while the British and Swiss Krona are also popular, due to growing interest for precious metals. In general, the financial market in Europe has potential for recovery and even growth in the long term. And here we should follow the policy of the European Central Bank. It can stand in the way of further monetary stimulus early next year, especially in case of Trump’s victory in the presidential election in the United States.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Stock indices of the АТР region weakened today. The greenback also left weakened amid growing prospects of the Republican candidate Donald Trump victory in the upcoming elections after a scandal involving the FBI about the correspondence of Clinton.

The MSCI stock Asia-Pacific region outside Japan gave up 0.4%, while Nikkei 225 lost 1.1% today. S&P/ASX 200 in Australia slipped 1.45% and the canadian S&P/TSX loses 0.06%. Stock of companies from the United States also declined: S&P 500 gave up 0.68%, the Nasdaq lost 0.69% and the Dow Jones fell by 0.58%.

The dollar weakened slightly due to the rethinking of the prospects for monetary policy of the United States on the part of investors, given the growing prospects for Trump to win. He welcomes the prospect of protectionism and cheap money. The U.S. dollar weakened against the yen and the Swiss franc. The yen rose against other competing currencies, as investors began to hedge financial risks.The canadian dollar has appreciated only against the Aussie, who has gone into defensive position in relation to all the key basket of competing currencies. We observe the meeting of the officials of the Federal reserve system. It is expected that they will leave monetary policy unchanged but will discuss the prospects of tightening in December.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

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

In the trading on Monday, November 7, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 102.90 and resistance at 104.65.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of GBP/USD
In the trading on Monday, November 7, the pair GBP/USD shows multidirectional movement. As we see on today’s 15-minute chart it trades within the support at 1.2380 and resistance at 1.2485.

NewForex Analyst
Luigi Campo

Forex News from New Forex: Technical analysis of EUR/USD
In the trading on Monday, November 7, the pair EUR/USD shows multidirectional movement. As we see on today’s 15-minute chart it trades within the support at 1.1045 and resistance at 1.1110.

NewForex Analyst
Luigi Campo




Fundamental analysis from New Forex: Europe

European stocks are also showing signs of weakness, burdened by the outflow of capital, weak industrial activity and enhanced uncertainty about growth prospects after the elections in the United States. In addition, the production of drugs was significantly eased due to the fact that officials of the U.S. Congress called on Federal antitrust regulators to investigate possible price-fixing.

The pan-European Stoxx 600 fell 0.8 percent, while the Eurofirst 300 lost 0.79%, which demonstrates the largest weekly drop from February. The index fell amid growing interest in risk and trades near the lowest level in the last six months. The Euro is trading weaker against most currencies, but strengthened against the British. The Swiss franc is only slightly ahead of the Euro and British pound sterling.

Today the attention of global investors is fully committed to the presidential elections in the United States, which significantly undermines the interest of investors in traditional asset classes and already after the election we can expect some certainty in the future dynamics of the development of market relations between regions.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Asian stocks rose due to the weakened yen. The us dollar also began to grow from the growing interest in risky assets, as the FBI pointed out the lack of need to continue the investigation against Clinton. This significantly strengthened her chances of winning the presidential election tomorrow.

The extensive MSCI stock Asia-Pacific outside Japan gained 0.8%, while the Nikkei 225 was up 1.61%. At the same time, S&P/ASX in Australia rose by 1.35% and the S&P/TSX in Canada has lost 0.51%. Stocks on wall street showed signs of weakness due to a stronger U.S. dollar: S&P 500 slipped 0.17%, while the Nasdaq and the Dow Jones lost 0.24% each.

The Japanese yen is defending against a number of currencies, including the greenback and the Aussie, but it is harder than sterling, with the Euro and the Swiss franc, while the us dollar was beaten out in leaders of growth today. The Aussie strengthened against the currency basket, but it is still weaker than the American. Canadian currency rises against the British, Euro and the Swiss franc. Many investors believe unconditionally that now Clinton will win the election, which may serve as a stimulus for the growth of the American currency, considering strengthened interest to risk in the markets.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

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

In the trading on Tuesday, November 8, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 104.25 and resistance at 104.55.

NewForex Analyst
Luigi Campo

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

In the trading on Tuesday, November 8, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2375 and resistance at 1.2435.

NewForex Analyst
Luigi Campo

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

In the trading on Tuesday, November 8, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.1035 and resistance at 1.1065.

NewForex Analyst
Luigi Campo




Fundamental analysis from New Forex: The Asia-Pacific region

Stock markets in the Asia-Pacific region experienced a considerable rise today because of the growing investor confidence in the prospects for the victory of Hillary Clinton in the presidential election in the United States. The election results will become known tomorrow. We remind you that the FBI has closed the investigation against a democratic candidate and this has strengthened investor confidence in the victory of a more stable and predictable candidate.

The MSCI World index has not practically changed. It has retained a 1.6% increase from Monday. MSCI Asia-Pacific ex Japan added 0.3%, while Japan Nikkei 225 gave up 0.2% due to stronger hedges on the yen. Stocks of Wall Street demonstrate a raise today: S&P 500 gained 2.22%, the Nasdaq rose 2.37% and the Dow Jones edged up 2.08%. S&P/ASX in Australia and the Canadian S&P/TSX rose by 0.13 and 0.99%. The Chinese CSI 300 added 0.5%.

The Japanese yen has secured growth at the expense of investors that are hedging risks. It reached a leading position in relation to other currencies. The US dollar is only slightly inferior to the Japanese counterpart. The Australian and Canadian dollar traded lower than most major currencies and provides an increase in stock indexes. Tomorrow we will know the results of the presidential elections in the United States that is likely to support the bullish trend for the US dollar and the Japanese yen.

NewForex Analyst

Alex Vergunov

Fundamental analysis from New Forex: Europe

Stock indices of Europe rose. It has experienced rising interest of investors in banking shares. The driver for this growth was the positive forecasts concerning the prospects of victory of the democratic candidate in the presidential election in USA, which can significantly improve the financial relationship between the States and Europe.

The pan-European Stoxx 600 has expanded by 1.5%, due to the growing interest in traditional asset classes that can experience the timely growth to stabilize political-economic relations between the major economic regions. Energy shares traded mixed due to stronger uncertainties in the prospects for further regulation of competitive conditions.

The European currency show mixed prospects: the U.K. currency unexpectedly began to rise after laying a restraining order for the initiative to start the procedure for exit from the European Union from the Prime Minister Theresa May. It was only delayed, but did not save the British from having to provide this economic-political maneuver. Euro leads in the fall that also served as a signal for growth stocks.At the same time, the Swiss franc experienced the growth of the banking sector and currency.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

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

In the trading on Wednesday, November 9, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 104.25 and resistance at 104.55.

NewForex Analyst
Luigi Campo

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

In the trading on Wednesday, November 9, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2375 and resistance at 1.2435.

NewForex Analyst
Luigi Campo

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

In the trading on Wednesday, November 9, the pair EUR/USD shows side movement with a big leap in price. As we see on today’s 15-minute chart it trades within the support at 1.1035 and resistance at 1.1065.

NewForex Analyst
Luigi Campo



Fundamental analysis from New Forex: Europe

European stocks have fallen today, cutting off prospects for growth received at the beginning of the week. The uncertainty of trade relations between Europe and the United States in connection with the Trump victory strengthened. This forces investors to use a hedging instruments before the situation is more or less clear. Overall retail ambitions of Trump will work for benefit of Europe.

The FTSE 100 in Britain lost 4.1% at the open, while the DAX in Germany slid by 4.3% and the CAC 40 in France is losing 4.2%. The pan-European STOXX 600 lost 0.32%. The Euro is a leader second only to the Japanese yen. The Briton has strengthened against its Australian and Canadian counterparts and the Swiss franc is also stronger than most currencies.

Trump officially won the elections in the United States. Now the global markets are waiting for any statements and actions which are able to disperse the uncertainty and to facilitate adaptation in the conditions of a new political and economic life. This would significantly change if believe in political-economic program of the Republican President

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

World stocks and the U.S. dollar has fallen today as unexpectedly strengthened prospects for Trump victory. Investors and political experts were not prepared for the devastating victory of the Republicans, who is now able to undermine the global political and economic stability.

Stock indices in Asia sustain significant losses. This is loosening the MSCI Asian Pacific ex Japan 0.3% and Nikkei 225 by 5.4% today. On wall street, stocks fluctuated but increased due to the prospects of loose monetary policy from Trump’s: S&P 500 rose 0.38%, while Nasdaq and Dow Jones industrial average added 0.53 and 0.40%. S&P/ASX gone negative zone at 1.92%, while the S&P/TSX in Canada has slightly increased by 0.03%, entrenched in positive territory.

The Japanese yen strengthened on the hedgers and collapsed the stock market. The U.S. dollar weakened against most of the main currencies, strengthening only against the Aussie and the loonie.It took up defensive positions against a basket of major currencies. Markets accompany Trump victory uncertainty in relation to monetary policy, trade prospects of the United States, as well as political relations with other countries. Later today, we expect average crude oil inventories from the Energy Information Administration. It will give some short guidelines on the prospects of a strengthening currency. We remind you that Trump defends the interests of trade and production, pointing to the need for easy monetary policy that could have a negative impact on the growth of the US dollar.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

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

In the trading on Thursday, November 10, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 105.05 and resistance at 107.05.

NewForex Analyst
Luigi Campo

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

In the trading on Thursday, November 10, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2375 and resistance at 1.2455.

NewForex Analyst
Luigi Campo

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

In the trading on Thursday, November 10, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.0855 and resistance at 1.0960.

NewForex Analyst
Luigi Campo



Fundamental analysis from New Forex: Europe

European stocks rose after the Trump victory finding in his political program not only prospects for a reversal, but subsequent growth that was significantly manifested among drug manufacturers and the financial sector. A policy of incentives from the United States — probably what was needed by the markets last year.

The pan-European STOXX 600 rose 1.5% lost 2.4% at the open. He struck the highest level since October 31. In General, investors refocused their portfolios on the incentive policy, low taxes and boost trade and interest in traditional assets. This is evidenced by the consolidation of many stock indexes around the world.

The British pound is on the defensive position. But the European currency was trading above most others. Swiss franc strengthens against the British and the American dollar. The health sector expanded by 4.6% .Measurable increase in received non-ferrous metals as a means of hedging and traditional metals. It happened due to targeting a significant stimulation of global trade from the new administration.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Stock indexes in Asia rose, and turned around due to the fact that investors have had to adapt to the victory of the Republican candidate Trump in the presidential election in the United States. At the same time, the U.S. dollar weakened because of the growing prospects of orientation on expansionary policy from the new administration. In addition, a global economic Trump ideas was taken to advantage by investors, for example low taxes for manufacturers.

The MSCI index for Asian shares-ex Japan Pacific lost 2%, and the Nikkei 225 in Japan, on the contrary, turned out to increase almost 7%, after losing about 5 percent. Stocks on Wall Street are also on the rise: the Dow Jones rose by 1.40%, while the Nasdaq and S&P 500 gained 1.11%. The comparative S&P/ASX and S&P/TSX in Canada and Australia added ASX: +3.34% and lost TSX: +0.70% .

The greenback went on the defensive position while the Japanese yen leading the gains against the other major currencies. This does not prevent the national stock market to show significant growth. The Aussie strengthened against most currencies, as the Loonie traded lower the major currencies. Expectations in relation to cost increases and inflation affiliated with Trump and the yield on 10-year bonds jumped to 16-month highs to 1.87%.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

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

In the trading on Friday, November 11, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 106.20 and resistance at 107.05.

NewForex Analyst
Luigi Campo

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

In the trading on Friday, November 11, the pair GBP/USD shows upward movement. As we see on today’s 15-minute chart it trades within the support at 1.2520 and resistance at 1.2670.

NewForex Analyst
Luigi Campo

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

In the trading on Friday, November 11, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.0845 and resistance at 1.0920.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: Europe

Stock indices in Europe are suffering losses when opening. They are weakening because of the possibility that the new President will stimulate productive activity. This also led to a rise in government bond yields and currency but undermined the basic security, including significant weakening of the utilities.

The pan-European STOXX 600 was seen with losses of 0.3% at the open stock exchange. Previously, he rose to two-week highs. A significant benefit from rising bond yields fell on financial companies. It has already suffered much from the accommodative monetary policy of the ECB. Prospects for the reduction and easing of regulatory measures of corporate tax, advocated by Trump, can ensure the growth of the financial sector of Europe.

The European currency traded higher than most currencies, like the Swiss Krone and British pound sterling. However, economists recommend to refrain from transactions in these days while the macro-dynamics will not become more transparent. Market participant should wait until it’s overshadowing all the uncertainty about the real economic incentives that will be solved by the new American administration in the near future.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Asian stocks weakened on Friday amid growing fears of investors in relation to monetary policy posed by the new US President. It is able to provoke the outflow of capital from the regions. Trump is betting on protectionism and fiscal expansion. He risks to accelerate inflation so that he will have to move away from initiatives of weak money and the fed will raise rates next month.

The MSCI stock Asian-Pacific ex Japan gave up 1.4%, while the Nikkei 225 was behind in growth by 0.18%, rebounding from a weakening of the yen to the level of 6-month highs. Wall street closed mixed: the Nasdaq lost 0.8%, while the S&P 500 and Dow Jones industrial average added 0.3 and 1.2%, respectively. The comparative S&P/ASX Australian shares added 0.79%, while the S&P/TSX canadian weakened by 0.11%.

The yen is on the defensive position. It is ensuring the growth of the stock market. The US dollar is beaten out in leaders of growth. The Canadian and Australian dollar also traded low. This indicates growing interest in traditional asset classes. At the same time, the 10-year US treasury bonds rose to 10-month highs. There is every reason to believe that the fed will raise rates next month preventing risks of overheating.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

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

In the trading on Monday, November 14, the pair USD/JPY shows upward movement. As we see on today’s 15-minute chart it trades within the support at 107.45 and resistance at 108.05.

NewForex Analyst
Luigi Campo

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

In the trading on Monday, November 14, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2460 and resistance at 1.2605.

NewForex Analyst
Luigi Campo

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

In the trading on Monday, November 14, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.0755 and resistance at 1.0790.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: Europe

In Europe, indices are trading mixed, but generally go in the direction of the downward trend, answering the weakened metallurgical sectors, as well as the growing protectionist policies of the new President of the United States.

The pan-European Stoxx 600 lost 0.4 percent, interrupting a series of victories last week, added 2.6%, the best weekly result for the last 6 months. The energy index lost 2.1%, while the index of the mining sector lost about 2%, pointing to disappointing news from the OPEC, who do not see ways for a final solution to the problems of supply due to its regular contraction.

The EUR trades weaker than most of the main currencies, but it trades higher against the yen, while the Swiss franc received support from rising gold prices, the growing financial sector and the propensity of investors to hedge financial risks through the assets. The British pound is trading higher against the yen and the Euro, but below the other major currencies. In General, we must admit that the European markets have quickly adjusted to winning of Trump, and is already preparing for the first stages of his protectionist policies.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Asian stocks weakened on Monday. The U.S. dollar reached a nine-month high against a basket of major currencies, pointing to the prospects of inflation accelerating and expanding of budget deficits. It threatens the outflow of capital for many emerging markets.

The broad MSCI Asia-Pacific ex Japan lost 0.99 percent today, reaching six-month lows earlier on Friday. At the same time, Japan’s Nikkei gained 1.6% due to the weakening of the yen. Stocks of Wall street shows mixed results in closing: the Nasdaq added 0.54%, the Dow Jones up 0.21%, while the S&P 500 lost 0.14%.

The US dollar strengthened its leading position against other major currencies, while Japanese yen has gone on the defensive position. The Canadian dollar is trading higher against the yen, British and Australian, while the Australian dollar traded higher than most major currencies, second only to the American. 10-year treasury bonds rose to 10-month highs, breaking the yield up to 2.22%. In general, the long-term treasury bonds rises, undermining the investment appeal of emerging markets and opening up prospects for increasing trade competition from the United States.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

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

In the trading on Monday, November 14, the pair USD/JPY shows upward movement. As we see on today’s 15-minute chart it trades within the support at 107.45 and resistance at 108.05.

NewForex Analyst
Luigi Campo

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

In the trading on Monday, November 14, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2460 and resistance at 1.2605.

NewForex Analyst
Luigi Campo

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

In the trading on Monday, November 14, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.0755 and resistance at 1.0790.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: Europe

In Europe, indices are trading mixed, but generally go in the direction of the downward trend, answering the weakened metallurgical sectors, as well as the growing protectionist policies of the new President of the United States.

The pan-European Stoxx 600 lost 0.4 percent, interrupting a series of victories last week, added 2.6%, the best weekly result for the last 6 months. The energy index lost 2.1%, while the index of the mining sector lost about 2%, pointing to disappointing news from the OPEC, who do not see ways for a final solution to the problems of supply due to its regular contraction.

The EUR trades weaker than most of the main currencies, but it trades higher against the yen, while the Swiss franc received support from rising gold prices, the growing financial sector and the propensity of investors to hedge financial risks through the assets. The British pound is trading higher against the yen and the Euro, but below the other major currencies. In General, we must admit that the European markets have quickly adjusted to winning of Trump, and is already preparing for the first stages of his protectionist policies.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Asian stocks weakened on Monday. The U.S. dollar reached a nine-month high against a basket of major currencies, pointing to the prospects of inflation accelerating and expanding of budget deficits. It threatens the outflow of capital for many emerging markets.

The broad MSCI Asia-Pacific ex Japan lost 0.99 percent today, reaching six-month lows earlier on Friday. At the same time, Japan’s Nikkei gained 1.6% due to the weakening of the yen. Stocks of Wall street shows mixed results in closing: the Nasdaq added 0.54%, the Dow Jones up 0.21%, while the S&P 500 lost 0.14%.

The US dollar strengthened its leading position against other major currencies, while Japanese yen has gone on the defensive position. The Canadian dollar is trading higher against the yen, British and Australian, while the Australian dollar traded higher than most major currencies, second only to the American. 10-year treasury bonds rose to 10-month highs, breaking the yield up to 2.22%. In general, the long-term treasury bonds rises, undermining the investment appeal of emerging markets and opening up prospects for increasing trade competition from the United States.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

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

In the trading on Tuesday, November 15, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 107.55 and resistance at 109.20.

NewForex Analyst
Luigi Campo

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

In the trading on Tuesday, November 15, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2400 and resistance at 1.2520.

NewForex Analyst
Luigi Campo

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

In the trading on Tuesday, November 15, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.0695 and resistance at 1.0845.

NewForex Analyst
Luigi Campo


Fundamental analysis from New Forex: Europe

Stocks in Europe managed to show the potential to grow before hit a growth of yield bonds. Then it received a boost due to the outflow of capital from Asia. However, the markets soon focused on US bonds which showed a 2.25-percent growth in 10-year bonds. While the 30-year Treasury bonds rose more than 3.0%.

The pan-European STOXX 600 index rose about 0.3 percent. We remind that last week the index has added more than 2.5% on winning of Donald Trump. This victory should ensure a sustainable fiscal policy which is useful for cyclical shares affecting the utility sector, the banking sector and the real estate market. Shares of the banking sector, however, rose up 2.2%.

The European currency strengthened due to the growing bonds. At the same time, the Swiss franc lost popularity due to growing interest in risk. The pound sterling was kept more or less stable against a number of currencies such as Canadian dollar, Swiss franc and Australian dollar. The growth of bonds will continue for some time to stimulate interest in risk. However, in the medium and long term we expect a recovery in traditional asset classes. Also of interest to risk may hit after data on Germany’s GDP and the rate of inflation in the UK.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Dollar shows tangible prospects for growth received a boost from growth in treasury bonds. Despite the cautious mood in the Asian markets, investors are eyeing such opportunities as open up Bank shares in Hong Kong. In general the acceleration of inflation in the United States triggered capital outflows from Asian markets to European and American bonds.

The MSCI ex-Japan lost 0.84%, while the Japanese Nikkei 225 slipped 0.18%. Stock indexes on Wall Street closed mixed: the Nasdaq and the S&P 500 index lost 0.36 and 0.01%, while the Dow Jones rose 0.17%. Comparative S&P/ASX and S&P/TSX: −0.36 and +0.30-% . The US dollar was trading fairly steady today while the yen is hedging the risks of investors and the Canadian dollar and Aussie went into a defensive position.

The US dollar index reached a 13-month high. The rising bond yields of Europe and the United States supports the outflow of capital from emerging markets. Thus it is possible to expect acceleration of growth of dollar in the short term.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

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

In the trading on Wednesday, November 16, the pair USD/JPY shows side movement. As we see on today’s 15-minute chart it trades within the support at 1078.70 and resistance at 109.75.

NewForex Analyst
Luigi Campo

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

In the trading on Wednesday, November 16, the pair GBP/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.2416 and resistance at 1.2515.

NewForex Analyst
Luigi Campo

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

In the trading on Wednesday, November 16, the pair EUR/USD shows side movement. As we see on today’s 15-minute chart it trades within the support at 1.0685 and resistance at 1.0760.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: Europe

European stock indexes rose earlier providing a stimulus derived from rising prices for crude oil and a rebound in utilities and the financial sector. In these actions as well as in real estate investors have decided to be hedged at the time of the global break.

The STOXX Europe 600 rose 0.3% at the end of the session.But this year the index lost 7%. There are strong expectations for a major financial stimulus in the financial sector of Europe secured a new US President.

Rising bond yields reduced the pressure on the financial sector. This removed one of the most important constraints. Thus, the pause in trading bonds tied to profit-taking among the financial shares. The shares of oil companies rose by 2.64%. European currency strengthened significantly against major currencies of the Asia-Pacific region. Today we expect news from the UK labour market that can affect the dynamics of the British pound.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

Bond trading slowed today as investors took profits in traditional asset classes. Earlier, bonds gained a sufficient impetus to growth after Trump’s winning. But today the stocks of Wall street are growing away from four-month lows reached earlier. Strong retail sales in the US have also strengthened expectations of rising interest rates in December. The sharp rise in yields of US bonds attracted investors to the dollar. The dollar index against a basket of six major currencies reached its highest level in for almost a year on Tuesday.

The MSCI Asian Pacific ex Japan gained 0.64 percent today, while the Nikkei 225 in Japan rose 1.14% and overcame a nine-month high. The yen went into a defensive position today. Stocks on Wall street rose: industrial Dow Jones added 0.31% and the S&P 500 and the Nasdaq Composite added 0.74 and 1.11%. TSX in Canada and ASX in Australia gained 1.08 and 0.03% .

Plans of the newly elected President of the United States against tax cuts and increased infrastructure spending will boost demand. Initiative to deport illegal immigrants and to impose tariffs on cheap imports are considered in a benefit for rising inflation. Such a perspective entails the growing expectations of rising interest rates and a stronger dollar. But investors also think about what other opportunities may open Trump’s policy. The yield on 10-year U.S. Treasury bonds fell to 2.207% compared to 11-month highs reached on Monday (2,302%) despite the fact that this level skyrocketed from about the level of 1.86% before the election. Retail sales in the U.S. grew faster than expected indicating the economy’s resilience. This allows the fed to raise rates next month.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

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

On Thursday, the price for this currency pair remains within the nearest support levels 1.0628. Resistance today is seen around 1.0722. Trend index in the four-hour time frame shows a clear bearish tone. This allows us to expect continued decline of the market. However, the final future of this trend will be determined today after the release of one of the most important news — publication information on the ECB meeting on monetary policy. In the daily time frame the pair is oversold. This is confirmed by the Stochastic oscillator. On the four-hour chart the basic exponential moving averages go down. The MACD histogram remains below. But now it gradually reduces and begins to acquire a tendency to increase.

NewForex Analyst
Luigi Campo

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

With the opening of the European trading session this currency pair started to win back losses occurring in the past three days at a time. Trend index in the four-hour time frame has a slight bearish mood and the price has continued within the next levels of support at 1.2377 and the resistance at 1.2470. However, the Exponential moving average with period of 55 days has already crossed up EMA 20 and EMA 3. This gives the possibility to say about the beginning of the strengthening of the bulls in the long run. On the daily chart MACD histogram went to its center line and continues to grow. Fresh data on retail sales in the UK allowed the bulls to became a little stronger.

NewForex Analyst
Luigi Campo

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

During the European trading session on Thursday the currency pair looks like it is not going to complete a continuous ascent which continued for nine consecutive trading sessions. The trend indicator on the daily chart has a slightly bullish sentiment. At the same time in the four-hour time frame attitude in favor of the bulls is even more significant. Despite this, the price remains within the limits of the nearest support at 1.0004 and resistance at 1.0079. Although in the long term, there are signs of weakening bulls — EMA 20 and EMA 55 slowed and the Stochastic oscillator still below the oversold zone.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: Europe

Stock indices in Europe are trading weaker today. But it’s still near multi-month highs as it stepped on a weak predictions in the oil market caused by the resulting conflict of interests between the providers in respect of the volume of supply in the markets. The European currency is trading near the yearly highs.

The pan-European STOXX 600 erased earlier 0.23%. Cyclical sectors suffered today from profit taking. After the victory of the new President renewed hope for the growth stock, cyclical spikes in bond yields threaten to significantly limit it.

The Euro strengthened against the British, the Australian dollar and the yen. At the same time the pound is only slightly inferior to the single currency. The Swiss franc also stable. Currencies are traded in close proximity to many-month highs. Global markets subsided and separated from active purchases of US government bonds started in the beginning of the week. The profitableness on 10-year Japanese bonds remained stable at the level of 0.035%. Profitability returned to previous values after the Bank of Japan increased the supply of JGBs in the markets. Officials of the Central Bank stated in September that they will keep the benchmark profitableness of about zero percent.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: The Asia-Pacific region

The U.S. dollar retreated from 13.5-month highs today after the yield on Treasury bonds declined, due to investors retaining the profits. Meanwhile, Japanese government bonds also retreated from the highs after BoJ put them on unlimited sale.

The MSCI Asian Pacific ex Japan gained 0.12%. This week, however, the index has already managed to lose 1%, due to toughening of monetary-credit regulation in the markets including the growing prospect of rising interest rates. This may lead to outflow of money from emerging markets. The Nikkei 225 lost 0.1%. This can be called a rather triumphant loss, after earlier the index suffered from a tangible increase in the yen. The Australian ASX gained 0.20% and the canadian TSX lost 0.16%. The US dollar index which measures the greenback’s strength against a basket of major currencies retreated from the highs 100.570 .

The U.S. dollar rose when the newly elected President gave the capacity to support a tight monetary policy. The Japanese yen went into a defensive position. CAD traded higher most major currencies, while AUD has weakened significantly against its competitors.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

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

During the Asian trading session today, the Kiwi continued to take positions ahead of the US dollar, while remaining within the support 0.6974 and resistance 0.7073. Thus the second week from the moment we started to see a downtrend in this market is going. In a four-hour time frame the index of the trend today shows slight bearish tone with obvious oversold. This suggests that the bears have not yet exhausted their potential and will continue to put pressure on the quotes in the short term. In the medium-term, the hopes for a reversal is also not observed especially when you consider that the price is firmly entrenched below the lines of the indicator Ichimoku Kinko Hyo.

NewForex Analyst
Luigi Campo

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

On Friday the currency pair remained within 1.0559 support and resistance 1.0686 with a slight negative trend of the index. Throughout the week the Stochastic oscillator signals about oversold of this instrument. Exponential Moving Average with period of 3, 20 and 55 days at present, does not give the slightest hint of a trend reversal. Yesterday’s publication of the ECB meeting did not support the single European currency. The MACD remains below its central line and after yesterday’s weak correction continues to decline.

NewForex Analyst
Luigi Campo

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

During today’s Asian session the rate of the currency pair remained within the nearest levels of support and resistance 109.25 and 110.73. In four-hour time frame the market today is characterized by a clear advantage of the bullish trend, which we observe for three weeks at a time with a small correction on 9 November. Stochastic oscillator shows overbought of this instrument, however, signal-to-sales is not observed, which may indicate the continuation of this trend for some time. Exponential moving averages are showing steady growth, and do not overlap with each other. MACD remains in the positive zone and gives a clear signal for further purchases.

NewForex Analyst
Luigi Campo

Fundamental analysis from New Forex: The Asia-Pacific region

Stock markets in Asia weakened on Friday, accompanying the growth of yields of Treasury bonds of the United States. This has led to a rise in the U.S. dollar to more than one-year highs against a basket of major currencies. The prospects for accelerating inflation in the US has consolidated the investment activity in emerging markets, encouraging investors to interact with the risky asset classes.

The largest in the Asia-Pacific region outside of Japan, the MSCI index eased 0.4 percent and is seen near 4-month lows. Japan’s Nikkei 225 gained more than 0.5% today, due to the weakened yen contributed to the growth in business activity. Stock indexes on Wall street are rising: the Nasdaq rose 0.75%, while the Dow Jones and S&P 500 added 0.19 and 0.47%. The Australian ASX, Canadian TSX expanded by 0.39 and 0.63%, respectively, reflecting interest in raw materials.

The U.S. dollar leads to gains against other major currencies, while the yen took a defensive position. The Briton and Canadian stabilized and strengthened against most currencies. The rising bond yields also reflects the revaluation of the market prospects for investors amid growing probability of rate increases by the fed, although the Central Bank Chairman Yellen already told you that Trump elections had no impact on the goals of the Federal reserve system. However, expectations have changed from the CME Group and FedWatch shows approximately a 90% chance of a rate hike in December. The dollar rose 110.34 against the yen, it is highest level since early June. The Euro fell to $1.0620, indicating the lowest level in the current year. The US dollar index is seen at highest level since April 2003.

NewForex Analyst
Alex Vergunov

Fundamental analysis from New Forex: Europe

Stock indexes in Europe are growing, picking up funneling emerging Asian markets equity and have support of weak currencies, expanding business activity in the regions. In some countries, Bank stocks fell, but in general are rising, reflecting investor interest in cyclical stocks.

The pan-European STOXX 600 index rose about 0.6 percent, while the European banking index rose 0.3%. Basic industries showed an increase of 1.6 pending the strengthening of commodity prices. This contributes significantly to today’s policy of the new President designed to strengthen the development initiatives of infrastructure projects.

The European currency weakened against most other competing currencies. The Swiss franc is stable and is trading above most currencies. And the British pound sterling is still weak and indicates a weak investment and business activity in the region due to growing uncertainty about future scenario of the UK.

NewForex Analyst
Alex Vergunov