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Daily news from NewForex

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.

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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.

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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.

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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.

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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.

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NewForex Analyst

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

On Thursday, during the Asian session and by the opening of trades in Europe this currency pair slightly grew up but then faced resistance in the corner of 1.0450. However, this is not about change of the markets current descending tendency in the long term. Line items of bears are weakened a bit but only in the short term. On the four-hour Stochastic chart it is located rather close to an overbought zone and creates a signal on purchase with the %K line above the %D line. The MACD histogram creates an identical signal but at the same time remains in a negative zone. Moving averages with the period of 20 and 55 were only a little slowed down and continue to decrease. Marks of 1.0355 and 1.0451 act as the closest levels of support and resistance.

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

For the current trade week this market was aimed to find some kind of balance. On Thursday, by the time of trades opening in Europe we have a firm level of support in the corner of 1.2315 and at least strong level of resistance in the corner of 1.2381. In the long term this currency pair keeps bearish potential. The market is located below moving averages which continue to decrease. Concerning a short-term outlook, on the four-hour chart it is observed the movement of MACD histogram along time axis but at the same time it remains in a negative zone and gives a signal on purchase, having risen above the signal line. The Stochastic oscillator created a similar signal being in a neutral zone.

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


This week pair keeps its ascending tendency, however the bullish market potential was a little slowed down. At the trades on Thursday the price remains within the closest levels of support at 117.46 and resistance at 118.20. In a four-hour time frame the market stays above the Ichimoku indicator, however the MACD histogram almost came up with a central line and has a very weak signal on purchase. The Stochastic oscillator is in the central corner and created a signal for a favorable entrance to the market with long positions, the %К line goes up and rose above the %D line.

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

On Thursday, strengthening of the greenback against Swiss franc was a little slowed down and the trades in Europe proceed within support levels at 1.0234 and resistance at 1.0287. Insignificant consolidation of the price is observed in the corner with tendency to preserve the current ascending trend. However, according to indications of technical analysis indicators it is possible to speak about decrease in bullish potential of this market. On the four-hour chart reducing of the MACD histogram is observed. So in the short term it forms a signal for sale. The Stochastic oscillator is also at the stage of similar signal forming. The average directed movement indicator shows preserving of the current trend and its force in the long term, the discrepancy of +DI and — DI is still considerable. The price remains in the current ascending channel.

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NewForex Analyst

Luigi Campo



Fundamental analysis from New Forex: The Asia-Pacific region

The stock markets in the region are traded obscurely headed by weak American indexes. Dynamics which is traditional for holiday days was aggravated with expectations of important economic data from the USA and Canada which can renew rally on the American and Canadian dollars. The Wall Street shares were slowed down: industrial Dow lost 0.16% while S&P 500 and Nasdaq weakened at 0:25 and 0.23% consequently. Regional MSCI decreased by 0.3%, and the Japanese Nikkei lost 0.2%. TSX in Canada and ASX in Australia extended at 0.08 and 0.54%. The greenback also weakened, having departed from its 2002 maxima at the level of 103.650 to the level of 102.940 on the greenback index. The dollar is traded at the level of 117.58 against yen that doesn’t salvage the Japanese shares. The Canadian dollar became stronger against most of competitors while the Australian dollar strengthened only against yen.

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Fundamental analysis from New Forex: Europe


The index of consumer confidence in the eurozone grew up to its 20-month maxima. Optimystical data served as an impulse for euro, but concerns about political instability still render pressure and will be postponed till the next year. The all-European Stoxx Europe 600 lost 0.35%. In Britain, FTSE 100 lost 0.04%, CAC 40 in France lost 0.33% while German DAX added 0.03%. Strong euro pressed the stock indexes but in general they give potential for further growth, mainly because of the large corporate deals traditional for the end of the year. The European currency grows and is traded at the level of 1.0438 against the greenback with a surplus in 0.2% and separation from 13-year minima in 1.0352. The British pound keeps steadily in anticipation with publication of GDP data while the Swiss franc, almost doesn’t lose in attention thanks to hedgers whose number also grows by the end of a financial year.

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NewForex Analyst

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

The chart of the market quotations is clamped between moving averages with the period of 20 and 55 that can pour out in a side trend within this area. The price remains within support levels at 1.0425 and resistance at 1.0464. On the four-hour chart the MACD histogram still remains in a negative zone but it is reduced and gives a signal on purchase. Stochastics decreases to the oversold corner creating an opposite signal, the %K line fell below %D line. In case of its turn and crossing with the %D line from the bottom upwards we will receive a strong signal on purchase. So far it is recommended to wait as the technical analysis is a little contradictory. Bears will give in only provided that the price will be raised and fixed above the local level 1.0464.


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

For today, the strengthening of the greenback against sterling which began on December 6 continues. The chart of quotations is in a four-hour timeframe significantly below moving averages with the period of 20 and 55 which indicates serious bearish market potential. At the trades on Friday the price remains within support levels at 1.2232 and resistance at 1.2341. The pair is traded with small lowering and the market tests the current level of support. However, a technical analysis in the short term is not so bearish as it was supposed. The MACD histogram steadily moves along time axis being in a negative zone and with an indistinct signal on purchase. The Stochastic oscillator leaves an oversold zone with crossing of the %K line with %D line from the bottom upwards, creating thereby an accurate, confirmed signal on purchase.


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

The strengthening of the greenback against the JPY was a little slowed down within this week and on Friday the pair is traded within support levels at 117.46 and resistance at 118.20. The price fell below moving averages with the period of 20 and 55 and tests the current support. On the four-hour chart the technical picture is obviously bearish. The MACD histogram falls and passes into a negative zone, creating a signal for sale. Stochastic also decreases with the %K line below the %D line that implies the descending tendency in the short term. In the long term it is early to speak about change of the current trend for now. Dynamics of the market on the day chart remains ascending and the price stays above the Ichimoku indicator and moving averages with the period of 20 and 55. If the market will be fixed below the current level of support we will be able to expect further development of the bearish scenario to the corner of 116.65. If the market comes out higher than resistance at 118.20 then there will be the further growth and new annual maxima, comparable with January maxima of the current year.


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

The ascending trend of the currency pair was slowed down a little but not developed and now in the market there is a small redistribution of potential between sellers and buyers. According to the Average directed movement ADX indicator this market keeps the ascending potential, bullish line items are still strong. In the long term, we should expect the further growth as the discrepancy between +DI and — DI remains considerable. At the trades on Friday the pair is traded within support levels at 1.0234 and resistance at 1.0278. On the four-hour chart the market was clamped between moving averages with the period of 20 and 55 that in the short term will pour out in side dynamics of the market. The MACD histogram decreases to a negative zone and creates a signal for sale. The Stochastic oscillator creates an identical signal too. The descending movement requires sufficient, bearish potential for the market to take place and being fixed below the local level of support at 1.0234, then we will be able to see correction in the corner of 1.0157.



NewForex Analyst

Luigi Campo



Fundamental analysis from New Forex: The Asia-Pacific region

The stock markets weakened for the last several days as investors fix their profit on the eve of holidays and in conclusion of long rally on Wall Street indexes and the greenback which reached its long-term maxima this week. The MSCI index on the Pacific Rim out of Japan lost 0.3% today and 1.6% for the whole week. World MSCI grew up by 0.16%. The Wall Street shares also took a respite: industrial Dow gained a surplus in 0.12%, Nasdaq and S&P 500 lost 0.44 and 0.19% consequently. The Australian shares lost 0.22% while the Canadian TSX extended for 0.19%. The Japanese market is closed on celebration of the 83rd birthday of the Emperor Akihito. The US dollar dropped by 0.1% against the JPY losing in general about 0.4% this week. At the same time the dollar index stabilized at the level of 103.05 and can finish week with a surplus of 0.1%. The Canadian dollar is traded in defense because of the negative government outlooks for 2017 currency considering fall of the Canadian to 65 cents of the USA. The Australian dollar departed even below its Canadian colleague being traded at 72.22 cents of the USA because of dip in prices on iron ore which is a basis of Australian export. Today, the cost of iron ore dropped by 2.8% to $77.10 for ton.


Fundamental analysis from New Forex: Europe

The stock indexes in Europe received an easy shake-up after the public was informed that the bank problem in Italy can’t be solved at the expense of private means and the need of the state recapitalization subsequent upon it. Today, the all-European Stoxx 600 is on the way to 0.2-% losses while the bank index of Europe lost 0.6% having departed from the annual maxima which was reached earlier this month. Nevertheless, the situation shall be stabilized against the background of prompt actions of the Ministers Italian Cabinet where this morning it was promised to allocate €21 billion for banks salvation. Euro added 0.1% against competitors having limited weekly losses up to 0.1%. Meanwhile, the British pound continued its growth adding 1.6% against other principal currencies this week. This week the Swiss franc is still stable because of the growing gold and hedgers so it trades above most of competitors.


NewForex Analyst

Alex Vergunov
 
Forex News from New Forex: Technical analysis of EUR/USD
On Monday the trades on this currency pair proceed quite steadily. On the occasion of Christmas celebration by a Gregorian calendar and the accompanying holidays following from it, day of gifts in Great Britain, Germany, Greece; Day of Saint Stephen in Italy and Switzerland, etc., the American and European trading floors are closed today. Japan was the only one who had news. Thus, today euro is traded against the American dollar in a lateral channel with a small advance in price within the closest levels of support at 1.0435 and resistance at 1.0469. Only fixing of the market above a mark of 1.0500 will be the foundation for a talk on increase in demand for single European currency. On the four-hour chart the technical analysis develops mainly for benefit of bulls, the MACD histogram was reduced to zero and now is ready to appear in a positive zone, the Stochastic oscillator grows with the %K line above the %D line creating a signal for long positions in the short term.
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Forex News from New Forex: Technical analysis of GBP/USD
At the trades on Monday the small ascending correction of the price is observed on this trading instrument. On the occasion of Christmas celebration by a Gregorian calendar and the accompanying holidays following from it, day of gifts in Great Britain, Germany, Greece; Day of Saint Stephen in Italy and Switzerland, etc., the American and European trading floors are closed today. Thus, it determines low volatility of the market today. On the four-hour chart the MACD indicator remains in a negative zone moving along time axis without creating any accurate signals. Stochastic grows giving a signal on purchase while the %K line is higher than the %D line. As the technical analysis isn’t obviously expressed and determined within intra day trade in the short term, it is recommended to remain out of this market until emergence of accurate signals. As for a long-term outlook, this market still keeps bearish potential. Moving averages with the period of 20 and 55 continue to decrease.
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Forex News from New Forex: Technical analysis of USD/JPY
The ascending trend of this market is slowed down and fade away. On the four-hour chart the MACD histogram passed to a negative zone and gives a signal for sale having fallen below the signal line. In the short term the price remains within the closest levels of support at 117.01 and resistance at 117.65 with intention of bears to punch support level. The Stochastic oscillator created a signal for sale, the %K line crosses the %D line from the bottom upwards to the border of an oversold zone. Concerning an average and long-term outlook the chart still remains above the Ichimoku indicator that indicates the current trend is hold true, however there is a redistribution of warring parties forces.
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Forex News from New Forex: Technical analysis of USD/CHF
From the middle of a current month growth of this market stopped and duting the last two weeks the pair is traded in a side trend with a corridor of 1.0217 and 1.0319. On Monday, the trades proceed with low volatility. On the occasion of Christmas celebration by a Gregorian calendar and the accompanying holidays following from it, day of gifts in Great Britain, Germany, Greece; Day of Saint Stephen in Italy and Switzerland, etc., the American and European trading floors are closed today. Japan was the only one who had news.Thus, quotations on this trade instrument remain within support levels at 1.0246 and resistance at 1.0269. The technical analysis on the four-hour chart indicates bearish market potential. The MACD histogram came up with the axial line, Stochastic created a signal for sale. Moving averages with the period of 20 and 55 were slowed down and now approach to the prospect of crossing.
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NewForex Analyst
Luigi Campo


Fundamental analysis from New Forex: The Asia-Pacific region
For today, the majority of the key markets is closed for Christmas holidays while the American dollar weakened against yen thanks to the weakened profitability of treasury bonds and multidirectional economic data from the USA. Investors are hedged through safe assets, the trade was slowed down, the markets drew up the balance of the expiring year and pledge prospects on future. On Friday, profitability of 10-year treasury bonds fell, having departed from 27-month maxima against the background of the economic indicators which showed strong housing sector, consumers activity and reduced an income on a family. The foreign exchange market lacks activity in Asia, Europe and North America because their markets are closed for today. The greenback is traded at the level of 117.300 against the JPY, having lost 0.2%. On Friday, the Australian dollar stabilized at the level of 0.7178 against the American dollar, having weakened to level of 0.7160 because of weak data from the Chinese market, which is the largest partner of Australia. The Canadian dollar was also slowed down and traded at the level of 0.7400 against the American colleague. At the same time, Trump appointed Peter Navarro, the famous Chinese hawk, the head of neogenic National trade council that was estimated by investors as the first step to a condensation of the protectionist measures declared by the American president.
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Fundamental analysis from New Forex: Europe
Previously on Friday the European shares could return in general its positive territory that was promoted by a turn in the banking sector of the region after large creditors took measures of the claim settlement of the US Department of Justice raising the questions of manipulations with mortgage securities during crisis of 2008. On Friday, the all-European Eurofirst 300 was closed with a surplus in 0.03% and can show the best month for two years in a row if it wouldn’t suffer considerable losses until the end of current. The German DAX weakened at 0.05%, and both the French CAC 40 and the British FTSE 100 added 0.1% and 0.06% appropriately. These days the Deutsche Bank is the leader of the European growth and added about 80% this month having developed from catastrophically low levels after agreed to meet requirements of the American Ministry of Justice having cut off benefits amount approximately in the middle of $7.2 billion. The European currency is traded at the level of 1.0457 against the greenback while the British pound went to strong defense while the Swiss franc trades below most of its competitors but still stays afloat thanks to cyclically renewable interest in precious metals and bank shares from the investors inclined to diversify a portfolio and to hedge risks at the end of the financial year.
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NewForex Analyst
Alex Vergunov
 
Forex News from New Forex: Technical analysis of EUR/USD
In virtue of statistical data publications lack and Christmas days off this currency pair is traded in a lateral channel since the end of last week. The lower bound of the channel serves a support at 1.0431 and upper bound serves the current level of resistance at 1.0454. Moving averages with the period of 20 and 55 were slowed down and are close to crossing. As for Stochastic and MACD oscillators there are no signals. Before clarification of watting parties force and manifestation of their potential we prefer to be out of this market for a while.
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Forex News from New Forex: Technical analysis of GBP/USD
In virtue of statistical data publications lack and Christmas days off this currency pair is traded in a lateral channel since the end of last week. At the thades on Tuesday the price remains within the closest levels of support at 1.2273 and resistance at 1.2287 which didn’t change in comparison with last trading session. In a four-hour time frame the MACD Histogram remains in a negative zone, but rose slightly above the signal line that can speak about small increase in bullish potential of this market that makes insignificant redistribution of forces of sellers and buyers. The Stochastic oscillator is located in a neutral zone and at the moment it doesn’t give accurate signals. Nevertheless, the price chart remains below moving averages with the period of 20 and 55 that indicates perseverance of the descending tendency in the long term.
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Forex News from New Forex: Technical analysis of USD/JPY
The statistical data on Japan which appeared during the Asian trading session didn’t give support to the Japanese national currency however it also didn’t worsen its situation against the greenback. The pair still remains in a side corridor with the lower bound at the level of support at 117.01 and upper on a mark of resistance at 117.84. Yesterday, on the four-hour chart the MACD histogram went to a negative zone but today it was developed and creates a signal on purchase. The Stochastic oscillator grows up in a neutral zone, giving a signal on purchase so the %K line is higher than the %D line. Moving averages with the period of 20 and 55 are close to crossing up that indicates the remaining bullish potential of this market in the long term.
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Forex News from New Forex: Technical analysis of USD/CHF
On Tuesday, the pair is traded with an advance in price remaining within support level at 1.0250 and the level of resistance at 1.0294. Today the market is characterized by a moderate bullsh spirit and numerous but unsuccessful attempts to test the current resistance. The technical analysis on the four-hour chart indicates for a turn of the ascending tendency. The MACD histogram goes up remaining in a positive zone and creates a weak signal on purchase that belongs to the medium term. However the Stochastic oscillator is located in an overbought zone and creates a strong signal for an entrance to the market with short positions, the %K line crosses the %D line from the bottom upwards in the border of an overbought zone. Concerning a long-term outlook, we expect that this market will continue its growth.
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NewForex Analyst
Luigi Campo


Fundamental analysis from New Forex: The Asia-Pacific region
For today, the Asian stock markets move in different directions while many of the regional markets are still closed for Christmas holidays thereat the US dollar received a fresh boost to growth having railed from the early losses which were received in the early part of the week. The MSCI Asia-Pacific index is traded in a flat while Nikkei added 0.32% because of the weakened yen. The Wall Street grows: industrial Dow Jones added 0.07% whereas Nasdaq and S&P 500 grew up at 0.28 and 0.13% relatively. The Canadian TSX was closed with losses in 0.05%. The Chinese shares lost on average about 0.2%. The Canadian and Chinese indexes weakened despite of positive market data that testifies the low investment activity in real sector significantly weakened by the growing dollar. The US dollar grew up by 0.1% to the level of 103.13 against main competitors in compliance with an index of the American currency which is not far from 13-year maxima today. The Japanese currency weakened against the background of the low consumer prices which showed weakness the ninth month in a row while expenses of households fell even in spite of the fact that the number of new workplaces grew up to its 25-year maxima. The Canadian dollar became stronger against the majority of principal currencies because of the developed oil prices.
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Fundamental analysis from New Forex: Europe
The European economy is going to close 2016 with a notable surplus in the main markets such as Germany, France and Great Britain with the same notable easing on the periphery particularly in Italy, Portugal and Greece. Some markets didn’t manage to get out of credit debts even despite activation of the program of quantitative mitigation from the European Central Bank by the end of the year. Today, strong consumer moods and weak euro allowed the European markets to increase its growth. The all-European Eurofirst 300 grew up by 0.4% and for 0.1% since Monday, against the background of the growing banking sector which added also about 0.1% since the beginning of week. Polls on behalf of scientifically research institute of GfK showed growth of consumer and investment confidence for the future year. The European currency is traded with lowering of 0.2% against US dollar at the level of 1.0435 whereas the Swiss franc still uses appeal in the opinion of the investors needing protection of assets against New Year’s Eve financial risks. Oil prices were developed against the background of reductions OPEC and other manufacturing countries, such as Russia meanwhile and grew up by 0.1% today.
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NewForex Analyst
Alex Vergunov
 
Forex News from New Forex: Technical analysis of EUR/USD
On Wednesday, we can observe continuation of slow but stable strengthening of single European currency against the greenback is expected. For today the slow growth which began on December 20 continued during the Asian trading session. The market tests the closest level of resistance at 1.0469 once again meanwhile the price remains within support at 1.0434 and strong resistance in the corner of 1.0490. On the four-hour chart the technical analysis of the market is characterized by the ascending potential. Redistribution of forces between buyers and sellers is almost complete, the moving average with the period of 20 crossed average with the period of 55 from below up. The MACD histogram is at a zero mark and moves along time axis. Stochastic is in an overbought zone and creates a signal on purchase, the line %К is higher than the %D line and both are growing at the moment.
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Forex News from New Forex: Technical analysis of GBP/USD
On Wednesday, during the Asian trade session the sterling was traded with small strengthening against the greenback. On the four-hour chart it is possible to see that this market found intermediate support at 1.2243 and now the price, rests against resistance on a mark 1.2292 having made a start from this local level. Concerning technical analysis in the short term, the MACD Histogram remains in a negative zone, but today gives a signal on purchase. The Stochastic oscillator is in a stage of growth and approaches an overbought zone, creating a signal for an entrance to the market with long positions. Continuation of the ascending tendency is possible if the price will be fixed above the current level of resistance. Then we will be able to see the growth up to 1.2370 and perhaps further grow up to 1.2425. In case of opposite succession of events the rate of sterling can fall to the mark of 1.2110 which is the strong level of support.
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Forex News from New Forex: Technical analysis of USD/JPY
This week we continue to observe consolidation of this market with support at the level at 117.22 and with a resistance at 117.87. On Wednesday, the pair is traded with a small advance in price during the Asian trade session however the technical analysis of the market in the short term has bearish tendencies of development according to indicators indications of the technical analysis. On the four-hour chart the MACD histogram is located in a positive zone, slightly higher than the central line and grows poorly. The Stochastic oscillator created a signal for sale, the %К line crosses the %D line from top downward and decreases. Moving averages with the period of 20 and 55 were slowed down crossing from top downward.
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Forex News from New Forex: Technical analysis of USD/CHF
At the Wednesdays trades the Swiss franc is traded with a small advance in price against the greenback remaining within flowing supports at 1.0266 and resistance at 1.0297. In the short term this market is more susceptible to bullish moods of its participants and its schedule is located above the Ichimoku indicator. The next purpose for the ascending movement is the corner of 1.0319 (max. of 20.12.2016) and further 1.0342 (max. of 15.12.2016) where the strongest area of resistance is located. The MACD histogram on the four-hour chart remains in a positive zone and began to grow poorly but doesn’t create a signal yet. Stochastic is located in the central area and only begins to create a signal on purchase. Speaking about a long-term outlook we have already updated an intra annual maxima and even more. We returned to the price level of August, 2010 that allows to assume that the ascending movement can continue. On the day schedule MACD grows creating a signal on purchase, as well as Stochastics, the %К line which is above the %D line grows.
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NewForex Analyst
Luigi Campo


Fundamental analysis from New Forex: The Asia-Pacific region
For today, the regional stock markets grow headed by Wall Street condensing activity during the period between holidays. But in the majority participants of the markets are hedged against holiday risks and review investment portfolios in such days while the dollar became stronger against yen against the background of positive economic data from the USA. The MSCI index added 0.42%, the Japanese Nikkei lost 0.05% having been late in defensive line items. The Australian shares grew more than by 1% because of rally for primary goods while the Indonesian assets added 1.9% and Shanghai lost 0.1%. The Wall Street grows: industrial Dow added 0.06% while S&P 500 and Nasdaq Composite grew at 0:22 and 0.45% correspondingly. In December, The American dollar became stronger at the level of 117.670 against the JPY having added 0.25% against the background of the growing consumer activity which showed the best results for the last 15 years. CAD also became stronger because of rally on primary goods and AUD was by the same token beaten out in leaders of growth today having overtaken all main competitors. Later on today we expect data on contracts from the real estate market which as expected can specify the bullish direction for US dollar.
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Fundamental analysis from New Forex: Europe
In Great Britain the number of private house on individual household was reviewed on lowering from Resolution Foundation to 51% in a section with official assessment in 64%. RF analysts proved recalculation by the fact that many house owners are inclined to accept lodgers or to lease apartments that led to errors in official statistics. At the same time the European Central Bank agreed to allocate €8.8 billion for recapitalization of one of the largest and at the same time the oldest Banks of Italy — Monte dei Paschi. The European stock indexes were closed with growth earlier. On Tuesday, the British FTSE 100 added 4.49 pips or 0.06% to the level 7,06817 while French of CAC 40 grew at 8.60 points or 0.18% and is traded at the level of 4,84828. German DAX added 22.31 pips or 0.19% to the level of 11,47224, and the Switzerland market index of Switzerland grew up at 26.81 points or 0.33% to the level of 8,25945. Altogether the all-European Eurofirst 300 was closed with a surplus of 0.11%. For today, the European currency grew up 0.1% against US dollar and is traded near the level of 1,04662 whereas the British pound having recovered from the early losses received at the beginning of a week recovered 0.2% and traded at the level of 1,22902. The Swiss franc is stable and trades above most of its competitors. The strong demand for primary goods grows day by day and many economists expect that this tendency will dominate in the markets at the beginning of 2017.
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NewForex Analyst
Alex Vergunov
 
Fundamental analysis from New Forex: The Asia-Pacific region
The Asian markets suffer losses following Wall Street indexes which fell after investors began to fix results of weeks-long profit. At the same time by the end of a financial year and also as a result of profitability kickback of treasury bonds. The Japanese Nikkei lost 1.3% against the background of the strengthened JPY while Toshiba Corp lost 16% because of news about mass write-offs which led to decrease in credit ratings of the company. S&P reported about expectations of sharp reducing capital stock that it can undermine financial stability of conglomerate. The MSCI index in the Pacific Rim dropped by 0.19% however in some markets, for example in Australia there is a considerable surplus to 17-month maxima while shares in Shanghai added 0.2%. The Wall Street slightly sank: Dow dropped by 0.56% while S&P 500 lost 0.84% and Nasdaq Composite weakened for 0.89%. The US dollar lost 0.5% against JPY but is still 12% higher this month. Bonds of the USA showed record rally in combination with surprisingly great demand on 5-year-old earlier treasurer while profitability of 10-year bonds fell to the lowest levels in two weeks having lost 2,492%. Economic data are concentrated on the US, unemployment benefits and oil inventories.
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Fundamental analysis from New Forex: Europe
Eurozone profitability is falling against the background of the concerns connected with destabilization of a bank system in combination with low investment activity which characterizes these days. The British pound loses because of the real estate market. Profitability of the Italian bonds falls against the weakness background of the basic indexes FTSE/MIB correlating with euro and the British pound. In general — investors are concerned by the Italian financial stability. At the same time tendency of participants to close line items in holiday time leads to delay of trade reactions in the markets. The expanding yield gap fixed euro at the level of 1.0450 against USD after approached maxima of two months at 1.2243. The British pound shared lot of common currency in relation to dollar but at the same time received a considerable rebound in Asia earlier and is traded at the level of 1,2200. In Great Britain housing prices promise to continue growth in 2017, however by much slower rates and according to the researches Halifax. The weak economy in combination with the low level of availability will entail reduction of sales. In the merchandise market oil loses because of growth expectations in US inventories — about 26 cents for $53,80 for barrel while Brent trades on 4 cents below for $56,18.
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NewForex Analyst
Alex Vergunov
 
Forex News from New Forex: Technical analysis of EUR/USD
On Friday, the pair is traded with a small bearish spirit of the market after night jump during the Asian session of the trades. The market updated the current levels of support and resistance having overcome level of 1.0500 and reached testing 1.0650. Now the flowing support is located around 1.0448 and resistance level at 1.0544. On the four-hour chart the MACD indicator of a discrepancy of moving averages is left in a positive zone and continues to grow giving a signal on purchase. Stochastic is in a neutral zone and creates a signal for sale, thus correction with kickback to the current level of support and an area of an arrangement of moving averages 20 and 55 is quite possible. The entrance to the market with long positions is most probable and higher than 1.0500 with the purposes of fixing the profit to the corner of 1.0550-70 with short positions lower than 1.0450 with the purposes 1.0430-10.
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Forex News from New Forex: Technical analysis of GBP/USD
The strengthening of dollar against sterling which begun on December 14 fades away. On Thursday, weak statistical data on the US made the contribution to dynamics of the trades on this currency pair and now, on Friday, the sterling is traded within the current level of support at 1.2257 and resistance at 1.2291. In the long term the general trend remains descending. The market stays lower moving average with the period of 55 with support level of moving average with the period of 20. In the short term, the MACD histogram still remains in a negative zone but decreases and gives a signal on purchase of sterling. The Stochastic oscillator stays in a neutral zone and created an identical signal, the %K line is higher than the %D line.
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Forex News from New Forex: Technical analysis of USD/JPY
On Friday, the pair is traded with a small bullish spirit in the short term and within support at 116.35 and resistance at 116.79 with attempts of testing of the last one. On the hour chart the rate was clamped between moving averages with the period of 20 and 55. The general long-term trend is clearly not determined so far but on the day chart it is possible to notice. Levels of Japanese purchase of the national currency approach to the price of 116.20 that can be determined as a platform for a rebound above. The level to sales can be the mark of 116.80 if the Central Bank of Japan doesn’t take the stimulating measures for depreciation of national currency. The technical analysis on the four-hour chart speaks well for growth of currency pair and further strengthening of the greenback against the Japanese yen. The MACD histogram indicates fortification of buyers strength and created the corresponding signal. The Stochastic oscillator develops with the %K line above the %D line that demonstrates strengthening of a consumer capability of bulls in the short term.
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Forex News from New Forex: Technical analysis of USD/CHF
On Friday, at the beginning of the Asian trade session the greenback seriously weakened in relation to Swiss franc but since then it only partially recovered the line items and now the pair is traded within the current levels of support at 1.0172 and resistance at 1.0238. On the four-hour chart contradictory indications of indicators of the technical analysis are observed. The MACD histogram appeared in a negative zone and the signal for sale was also created. The Stochastic oscillator progresses in a neutral zone having created the signal on purchase which can be false. However, if to look at the day price chart the turn of the current trend for benefit of sellers is observed. Thus, correction in the current ascending market movement is possible. Therefore we don’t consider an entrance to the market with long or short positions until the price is return and won’t fixed above the critical Senkou Span line and Ichimoku cloud when force of warring parties becomes clearer while current level of support 1.0172 won’t be overcomed.
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NewForex Analyst
Luigi Campo


Fundamental analysis from New Forex: The Asia-Pacific region
The Asian stock markets were closed in 2016 with positive disposition while the participants of the markets fixing profit pushed dollar and euro to its two-week maxima. Commodity trade deficit in the US extends and the labor market is overheated. The widest regional MSCI index grew up by 0.5% dispersing from Wall Street which suffers insignificant losses today. However, this year industrial Dow Jones added even 14% having shown the best growth in the region for the last four years. Thailand added 20% this year and the Japanese Nikkei weakened for 0.4% having lost nearly 22% this year and is traded near five-year minima. Gold is traded near two-week maxima, thanks to hedgers having added 0.1% to $1.15931 for ounce today, having headed for a 9.3-% surplus this year, having escaped at the same time from three-year minima. Oil prices grew up by 51% this year, and are traded near maxima of the beginning of 2015. This year, the US dollar grew up by 10.5% against JPY but managed to lose 0.2% today, being traded at the level of 116.44. The index of US dollar lost 0.35% today to 102.28 after it weakened for 0.6% earlier on Thursday. In general, the index grew up by 3.7% this year. The JPY closes year more weakly with decrease by 7.1% against US dollar. Profitability of treasury bonds in the USA completely changed a course for the last two weeks as investors looked for shelters from financial risks. Profitability fell to 2.4659 and trades slightly above the two-week minima which was reached during the trading session.
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Fundamental analysis from New Forex: Europe
On Thursday, the British FTSE was closed at the highest level in the world against the background of rally on precious metals and higher prices of gold in spite of the fact that the weakened banks limited growth of the all-European index and holidays noticeably diluted global trade. The all-European Stoxx 600 index was closed with decrease because of weak appetites to risk. At the same time, the British shares added 0.2% being closed at the level of 7.12026 pips, record already the second session in a row and less than 10 points below than the historical maxima at 7.12983 reached earlier in October. Gold Miner Randgold Resources jumped up for 4.8% having shown the most large increase on the FTSE 100 index after gold reached two-week maxima because of the weakening dollar. Euro added nearly 2% today having shown the most large increase since November 8 before returning to a 0.6-% surplus and to be closed at the level of 1.0527 against US dollar. Today, the market is very sluggish: offers weakened and short-term players pushed euro and stopped having left common currency with 3-% decrease this year. The Swiss franc is stable and trades above the majority of currencies against the background of the growing demand for gold. But despite demand in relation to precious metals the European index of fixed assets dropped by 0.9% with considerable decrease in market value of copper and aluminum.
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NewForex Analyst
Alex Vergunov
 
Fundamental analysis from New Forex: The Asia-Pacific region

The US dollar is traded near its 14-year maxima against the optimistic background of the global economic data which affected the Wall Street. The strong dollar limited growth of the raw market but helped the Japanese exporters to enter long rally in the stock market towards the largest growth for the last two months. In the first trading day of year the Nikkei index grew up by 2,53% and now it is at the highest level since December 2015 that was promoted also by the factory data which showed considerable acceleration last year. The MSCI index grows already the seventh session in a row with a surplus of 0.2% today. China is kind to corresponding moods, the eurozone and the US have also the same feeling. The index of global investment activity from Barclays grew to the highest level since December 2013. The dollar was traded at the level of 103.82 against the basket of principal currencies on maxima of 2003 before fixing the profit from investors pushed it back to level 103.32. Owing to weak activity for JPY the currency of the US grew up to 118.11 having faced levels of resistance at 118.60/66. Also there are news on Mexican peso which is traded at the lowest level against US dollar.

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Fundamental analysis from New Forex: Europe


The European shares grow with the leading financial and commodity sectors, blue chips of Great Britain beginning new year at record-breaking high level. Especially bullish FTSE served as a reliable support for the European market and investors expect that this tendency will remain. The sector of the main Europe resources and also an oil-and-gas sector grew on 1.3 and by 0.9% relatively because of active support of the primary goods prices. The all-European Stoxx 600 was closed with a 0.7-% surplus having reached the highest level since December 2015 having added 0.5% earlier on Tuesday closing at the level of 7.17789 after an early rally till 7.20545 respectively on the same day. Finance companies were allocated as leaders of growth with growth of 2.8% on the all-European index being closed above its annual maxima at the same time. Profitability of the German 10-year bonds grew up by 10 basis points to two-week maxima in 0.29%. On Tuesday, in the goods markets oil prices were stabilized after lost more than 2% having returned 40 and 43 cents — WTI and Brent relatively. Euro is traded at the level of 1.0402 against US dollar having returned from its minima 1.0342. Depreciation of euro goes despite jump in profitability of domestic bonds after official sources certified growth of the German inflation to the highest levels since January, 2014.

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NewForex Analyst

Alex Vergunov
 
Forex News from New Forex: Technical analysis of EUR/USD
On Monday the couple is traded with a small bearish spirit of the market participants remaining within support levels at 1.0481 and resistance at 1.0579. The MACD histogram is in a positive zone and goes down having created a signal for sale of single European currency. The Stochastics oscillator is in an oversold zone and also creates a signal for sale, as the %К line is located below the %D line.
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Forex News from New Forex: Technical analysis of GBP/USD
On Monday the currency pair is traded with an overwhelming bearish spirit of market participants. Quotations were fixed much below than moving averages with the period of 20 and 55. The MACD histogram fall below the central line and entered a negative zone giving a signal for sale of sterling. The Stochastics oscillator entered an oversold zone and created a signal for sale, the %К line is below the %D line.
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Forex News from New Forex: Technical analysis of USD/JPY
On Monday the trade on this currency pair proceeds with a small increase and the price remains within the closest levels of support at 116.04 and resistance at 118.17. The market remains above the Ichimoku cloud thus the signal for sale is still weak. The MACD histogram appeared to the positive area above the central line but its growth was slowed down. The Stochastics oscillator is located in an overbought and created a signal for sale.
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Forex News from New Forex: Technical analysis of USD/CHF
At the trades on Monday, the pair remains within the current levels of support at 1.0133 and resistance at 1.0225. In the short term the mood of markets participants is moderately bullish, the MACD histogram remains in a negative zone and gives a signal on purchase. The Stochastics oscillator is in an overbought zone and also formed an identical signal, the %К line is higher than the %D line.
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NewForex Analyst
Luigi Campo


Fundamental analysis from New Forex: The Asia-Pacific region
Expectations in the relation of U.S. Fed support rising rates a tendency to growth of dollar while the Asian market releases the equity to joy of the European shares and American treasury bonds where profitability of two-year bonds grew up to 1,21% having come off the minimum of 1.17% which reached earlier on Thursday. MSCI in the region added 0.5% while the Australian and Canadian markets added 0.9% and lost 0.6% relatively. Wall Street indexes are traded in the positive territory, despite strong dollar: Nasdaq grew up by 0.6%, Dow Jones and S&P added 0.3%. Investors are very cautious before Trump’s press conference on Wednesday which can force investors to fix profit. Meanwhile the US dollar grows in quality of critical threat for Asian assets, extending the equity and toughening fiscal policy on a global and economic background. At the same time the Australian dollar got stronger because of the renewed rally on the share of mining companies and the Canadian colleague sank against the majority of principal currencies because of the developed oil prices. Oil futures dropped on average by 0.3% because of strong dollar and the growing doubts that members of OPEC will adhere to the agreement on reducing production amounts in the current time.
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Fundamental analysis from New Forex: Europe
The European stock indexes opened a week with growth which is promoted by capital outflow from the Asian region to safe assets — precious metals, cyclical stock and perspective bank shares as peripheral, and in the developed markets. At the same time the British shares grow already more than a month, mainly because of weak pound sterling. The all-European Eurofirst 300 is traded near its month maxima and added more than 10% since November because of the dragging-on global tendency on fiscal policy. Meanwhile, capitalization of the companies gold miners grows which is connected with growth of capital costs of many industry members — for the purpose of compensation of the exhausted inventories. But in general growth on gold remains limited because of strong US dollar. The European currency is traded near its six-months maxima above most of competitors. However, it yields to the American dollar at the level of 1.0534 while the Swiss franc became stronger against the background of the short-term rally for gold. The British pound is the weakest than main competitors, but supports by that growth of national exporters — already the fifth week in a row. The European shares promise to grow if the dollar will remain strong further.
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NewForex Analyst
Alex Vergunov
 
Forex News from New Forex: Technical analysis of EUR/USD
On Tuesday the trades proceed with a strong benefit of bulls. The market tests resistance is about a mark of 1.0608. It is necessary to notice that in the corner of 1.0525 there was formed a stable and strong support. The technical analysis on the four-hour chart confirms an overwhelming benefit of bulls. The MACD histogram is located in the positive angle, above the alarm line and grows creating a strong signal on purchase of euro. The Stochastic oscillator is in an overbought zone and gives a signal on purchase as the %К line is higher than the %:D line. Therefore, in the short term we can expect continuation of this market growth with the potential purposes for bullish strategy in the area 1.0625.75.
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Forex News from New Forex: Technical analysis of GBP/USD
At the trades on Tuesday there is a considerable consolidation of the price in the area of 1.2110 — 1.2167. The mood of participants of the market has obviously bearish potential. On the four-hour chart the Stochastic oscillator gives a strong signal for sale of sterling as the %К line crosses the %D line top down.
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Forex News from New Forex: Technical analysis of USD/JPY
The trades on Tuesday differ in bearish potential among participants of the market. The rate resumed movement down and the market was fixed below the Ichimoku cloud. Thus the purpose for the descending movement is the first level of support at 115.35 which was tested more than once. The level of 116.98 acts as resistance. If the price is fixed above the Kijun-Sen line (116.83) the descending movement will be cancelled and the closest level of resistance will become the purpose. The MACD histogram is directed down giving a signal for sale. The Stochastics oscillator is in an oversold zone at the stage of signal forming.
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Forex News from New Forex: Technical analysis of USD/CHF
On Tuesday the pair resumed its descending movement having jumped aside from Ichimoku cloud. The purpose for the descending movement acts the closest level of support at 1.0022. Relevance of the participants of the market bearish spirit should be considered until the price is below the Kijun-Sen line (1.0188). The MACD histogram is located in a negative zone and gives a signal for sale. The Stochastics oscillator of is close to an oversold zone and created a signal for sale, the %К line is lower than the %D line.
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NewForex Analyst
Sara Rosenstein


Fundamental analysis from New Forex: The Asia-Pacific region
The US dollar unexpectedly appeared under pressure during an Asian session. Being traded with a quite good surplus at the beginning of the session the dollar started to rise later and began to fall, having lost 0.3% against main competitors. Both the Australian and New Zealand dollars together with Japanese yen and euro became stronger on these news. The Asian markets are stable, meanwhile the prices of the Chinese producers grew because of the strengthened staple prices. The MSCI index in the region grew up by 0.3% while the American indexes were closed in different directions: Nasdaq Composite added 0.19%, Dow Jones and S&P 500 decreased by 0:35 and 0.38% relatively. The Canadian TSX and Australian ASX decreased by 0.7 and 0.8%. Shanghai Composite lost 0.2%. Today oil prices grew up by 0.12% on the average. The US dollar weakened in relation to the basket from six principal currencies having lost 0.3% on an index and having fallen to the level of 101.64. At the same time the greenback is traded poorly against the Japanese yen at the level of 115.585 expecting Trump’s press conference which will be the first one since elections. The Australian dollar became stronger at the level of 0.7367 against US dollar and the Canadian weakened to 0.7565. Today we also expect news from the labor market which can show bullish moods on the American dollar and affect market moods in general.
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Fundamental analysis from New Forex: Europe
Meanwhile, representatives of the EU declared that Britain won’t be able to provide necessary 500 million external consumers to the market without accepting the principles of free economic and political movement. Similar moods pressed for the British pound sterling having provided growth of FTSE 100 to record maxima. In general the European indexes are traded poorly because of severe losses in the banking sector developed after positive start at the beginning of a year. Pan-European Eurofirst 300 decreased by 0.35% while the banking sector weakened for 1.7%. But in general the sector grew within the last weeks because of hopes for a financial incentive counting upon January 20 promising growth of bond yield because of Trumps inauguration. Gold became stronger because of the growing interest in a hedging having added 0.3%. Euro became stronger against US dollar at the level of 1.06075 having added 0.3% while the British pound is traded at the level of its two-month minima having taken defensive positions against all principal currencies. The Swiss franc traditionally grows because of special attention to hedging instruments of financial risks and is traded with a 0.03-% surplus against competitors.
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NewForex Analyst
Alex Vergunov
 
Forex News from New Forex: Technical analysis of EUR/USD
On Wednesday the trades on this currency pair proceed in different directions. After the end of trades in Asia there are bearish moods of its participants which dominate in the market. It is necessary to undermine that following is the results of Tuesday trading session in the corner of 1.0615/25 with strong level of resistance. The current rate is clamped between moving averages with the periods of 20 and 55. On the four-hour chart the MACD histogram is located in a positive zone but below the alarm line continuing to decrease that indicates formation of a signal for sale of single European currency. The Stochastic oscillator of Stochastics is in a zone of an oversold and creates a similar signal.
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Forex News from New Forex: Technical analysis of GBP/USD
On Wednesday the trades on this currency pair proceed with small increase but the price remains within the closest levels of support at 1.2141 and resistance at 1.2281. The chart is located much below than moving averages with the period of 20 and 55 which are directed down and decrease. On the four-hour chart the MACD histogram is in a negative zone creating a signal for sale of the British pound. The Stochastic oscillator is located in the central area and also creates a similar signal, the %К line crosses the %D line top down.
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Forex News from New Forex: Technical analysis of USD/JPY
At the trades on Wednesday it is observed correction of the price and this market is consolidated in the field of support at 115.21 and resistance at 116.56. On the four-hour chart the MACD histogram still remains in a negative zone and creates greenbacks signal on a purchase. The Stochastic oscillator reached border of an overbought zone and gives a similar signal, the %К line is higher than the %D line.
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Forex News from New Forex: Technical analysis of USD/CHF
On Wednesday this currency pair is traded in different directions remaining within support levels at 1.0165 and resistance at 1.0285. The current rate is clamped between moving averages with the period of 20 and 55 which slowly grows and approaches. On the four-hour chart the MACD histogram is in a negative zone and directed up creating a signal on purchase of Swiss franc. The Stochastic oscillator approached an overbought zone of and creates a similar signal while the %К line is higher the %D line.
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NewForex Analyst
Joseph Schwartz


Fundamental analysis from New Forex: The Asia-Pacific region
Tonight the press conference of the U.S. President Donald Trump will take place. It will be for the first time since elections and as it is expected it can turn the markets upside down. During the conference some strategic objectives in the relation to tax policy, trade and budgeted expenses will become clear. Today many participants of the markets are forced to reckon with protectionist sentiment in the American economy which can undermine world trade both in short and in the long term. In the region MSCI Index is traded near its November maxima with a surplus in 0.42% while Japanese shares grew up by 0.4%, and also traded at the pre-election levels of November. Speaking about Wall Street shares are traded with almost zero surplus as investors are afraid of opening line items on traditional assets in anticipation with important political news. In Australia and Canada the ASX and TSX indexes were closed with 1.9 and 2.4% of a surplus. The greenback suffered from the weakening profitability of the treasury bonds which spread out from 2.64% of its two-year maxima. The dollar is traded at the level of 116.10 against yen near a three-week minimum in 115.06 which it reached earlier on the 6th of January. The dollar index also departed from its early 14-year maximum in 103.82 which was reached the 3rd of January.
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Fundamental analysis from New Forex: Europe
The stock indexes grow in Europe, with leading retail companies and also thanks to rally on precious metals and shares of mining companies. Nevertheless, the European growth is limited by the weakened financial sector particularly in such countries as Italy, Greece and well-developing European currency. The all-European Stoxx 600 index grew up by 0.1% while the British FTSE 100 updated its record maxima with a surplus of 0.5% to level of 7.28481 points. The French CAC 40 is at a zero mark while German DAX added 0.2%. Insurance and bank industry indexes dropped by 0.6 and 0.1% relatively with lowering in 0.7 at Commerzbank and for 2.4% at Deutsche Bank. In Lisbon Banco Commercial Portugues fell 11.3% to record-breaking low levels. Euro is traded at the level of 1.0543 against the greenback with a surplus in 0.1%. The American dollar spread out earlier because of hedge moods in the markets while the British pound caught a tendency for growth of traditional assets and fell to 2-1/2-month minima in 1.2107 from the level of 1.2166 against US dollar. The Swiss franc still cuts profit from hedgers, meanwhile receiving a boost from rally on precious metals. We relatively expect Trump’s press conference and new trade reference points later on today.
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NewForex Analyst
Alex Vergunov
 
Forex News from New Forex: Technical analysis of EUR/USD
On Thursday the pair continues its attempts to overcome the corner of 1.0625-55 which contains the further growth of a rate for the last two weeks. The trades proceed within levels of support at 1.0593 and resistance at 1.0653. The MACD histogram is in a positive zone and above the alarm line, the confirmed signal is on a purchase. Moving averages with the period of 20 and 55 went straight up. The Stochastic oscillator is in an overbought zone but grows and creates a similar signal, the %К line is higher than the %D line.
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Forex News from New Forex: Technical analysis of GBP/USD
On Thursday the pair is traded with a small advance in price and serious bullish potential continuing its growth which began on Tuesday. The levels of support and resistance are the relative marks of 1.2243 and 1.2334. For today we can observe on the four-hour chart moving averages which developed straight up, the MACD histogram is in a negative zone but above the alarm line and gives a signal on purchase. The Stochastics oscillator is in a neutral zone and also created a similar signal with the %К line higher the %D line.
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Forex News from New Forex: Technical analysis of USD/JPY
On Thursday the trades on this currency pair proceed with reduction in price and obvious bearish potential within the closest levels of support at 113.66 and resistance at 115.27. The technical picture on the chart schedule differs in benefit of bears. The MACD histogram is in a negative zone and below the alarm line gives a signal for sale. The Stochastics oscillator in an oversold zone also gives a similar signal the %К line is lower than the %D line.
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Forex News from New Forex: Technical analysis of USD/CHF
On Thursday the pair is traded with reduction in price and a bearish spirit of participants of the market. The rate remains within the closest levels of support at 1.0080 and resistance at 1.0191. The technical picture on the four-hour chart is obviously bearish and the market continues to test the current level of support. The MACD histogram is in a negative zone giving a signal for sale, the Stochastics oscillator creates a similar signal and is in an oversold zone.
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NewForex Analyst
Sara Rosenstein


Fundamental analysis from New Forex: The Asia-Pacific region
The greenback continues its fall as the taken place Trump’s press conference left many questions without answers for example such as taxes and fiscal policy. The majority of the stipulated questions concerned world trade and a commercial competition were differently displayed in the markets today. So approximate data on rates for the Chinese export pushed the Asian markets up and competitive views of the pharmacological prices undermined the European funds. The MSCI index in the region grew up by 0.63% to its three-months maxima while Shanghai Composite extended for 0.24% and the Japanese Nikkei weakened for 0.92% as the yen got stronger against the background of weak greenback that limited competitiveness of the export companies. Wall Street indexes added from 0.3 to 0.5% while the Australian ASX lost 0.1% and the Canadian TSX added 0.4%. The American dollar continues to dive down showing especially high volatility in recent days. The index of US dollar lost 0.3% and fell to 101.520 — its three-months minima while profitability of treasury bonds fell to 2.334% — minima of October. The Australian dollar grows because of rally on the share of mining companies and here the Canadian dollar trades below most of competitors because of weak oil prices.
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Fundamental analysis from New Forex: Europe
The growth of European stock indexes was on the сhopping bloc after Donald Trump during the press conference repeatedly emphasized the dissatisfaction with a price competition on drugs that led to fall of the European health indexes. For today the European health funds lost 0.74% whereas the all-European Stoxx 600 was closed with losses in 0.22%. Meanwhile, the British FTSE opens new record maxima with a surplus in 0.2%, French CAC lost 0.3% and German DAX weakened for 0.1%. Euro is traded at the level of 1.0602 against the American dollar while the British pound remains unstable to the competition however nevertheless could jump aside from its 10 weeks minima from $1,2048 to 1,2203 against US dollar. The Swiss franc still uses attention of hedgers and the recovered rally to gold that supports him above most of main competitors.
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NewForex Analyst
Alex Vergunov
 
Forex News from New Forex: Technical analysis of EUR/USD
The trades on Monday proceed with small decline in the rate during the Asian trading session and the price remains within the current levels of support at 1.0601 and resistance at 1.0647. General medium-term and long-term tendencies keep a bullish spirit since December 12 of last year that is confirmed by moving averages with the period of 20 and 55 which surely grow. For today depreciation of single European currency is expected in the short term. The MACD histogram though is in a positive zone that confirms the serious ascending potential of this market but began to reduce and left below the alarm line creating a signal for sale. The Stochastic oscillator decreases and creates a similar signal while the %К line is lower the %D line.
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Forex News from New Forex: Technical analysis of GBP/USD
The sterling has updated its historical minima against the greenback again. For today while opening the trades in Asia the fall constituted 101 point and the price continues to fall. At hour time frame the chart fell much below than moving averages with the period of 20 and 55. The MACD histogram is in a negative zone having fallen below the alarm line that is a management for an entrance to the market with short positions. The Stochastic oscillator decreases and enters an oversold zone having created a similar signal for sale while the %К line is lower than the %D line.
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Forex News from New Forex: Technical analysis of USD/JPY
During the trades in Asia the Japanese national currency continued to strengthen against the greenback returning quotations to the level of the first days of last year’s December and now it is traded within the closest levels of support at 114.01 and resistance at 115.61. On the four-hour chart the technical analysis mainly bearish one which is confirmed by the MACD histogram which is in a negative zone and reached today the level below the alarm line that is a signal for dollar sale. The Stochastic oscillator decreases in an oversold zone and gives a similar signal.
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Forex News from New Forex: Technical analysis of USD/CHF
On Monday, at opening of the trades in Europe, in the short term, the pair is traded with a small advance in price remaining within the closest levels of support at 1.0075 and resistance at 1.0167. The long-term trend remains bearish. On the four-hour chart the MACD histogram remains in a negative zone that indicates the remaining bearish potential of the market, but appeared to the area above the alarm line. The Stochastic oscillator also gives a signal on purchase of dollar against Swiss franc as the %К line is higher than the %D line.
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NewForex Analyst
Sara Rosenstein


Fundamental analysis from New Forex: The Asia-Pacific region
Orders for the Japanese machine equipment fell to its minima of seven months that indicates the prospects of reducing capital expenditures. For today, indexes in the region are traded only with a minute increase accepting its attention comments from Trump in the relation of trade policy and performance of FRS officials this week. The MSCI index added 0.1% while the Japanese shares lost 0.3%. Wall Street indexes are traded in different directions: Nasdaq Composite added 0.5%, S&P 500 grew up by 0.2% and Dow Jones weakened for 0.3% because of the weakened demand for manufactured goods. The Australian ASX and TSX in Canada added 0.5%. In November orders for the Japanese machine equipment dropped by 5.1% in comparison with October indicators which considerably exceeded its average forecasts at 1.7%. The dollar grew up by 0.2% to the level of 101.390 relatively to its two-month maxima against a basket of principal currencies but it is traded more weakly than the Japanese yen, at the level of 114.24. The Japanese yen consisting in highly notable correlation with the stock index of Nikkei grew up against the majority of principal currencies having limited the trade potential of exporters. The Canadian and Australian dollars hold defensive positions against the background of low demand in the raw markets. The markets are concerned by the future inauguration of Trump during which the prospects of new administration trade policy can clear up including the relation of the Asian region and corresponding rates.
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Fundamental analysis from New Forex: Europe
For today, the European stock indexes are traded quite inertly with a turn on bank shares and continuously growing British FTSE on the agenda. In the European markets with new forces there is a Brexit-panic connected with the speech of the prime minister of Great Britain, Theresa May approaching this week within which she will inflame the set of certificates towards «hard landing» of regional economy following the results of a gap many trade relations with the single market. Earlier on Friday the all-European Stoxx Europe 600 closed with growth at 0.6% while the European bank index grew up by 2% which was promoted by prospects of an interest rate development in the USA while the European index of car makers grew up by 0.8% having recovered after scandal over the Fiat Chrysler and the nature protection organizations. The chief executive of Fiat declared that the broken laws of emissions won’t have any influence on the purposes of the current business plan of the car maker. The British pound is traded at the level of its three-months minima because of feeling anxious about Brexit and speech of the Bank of England head Carney which will take place today and most likely will be bearish in the relation to monetary policy. The European currency weakened against most of its competitors and is traded at the level of 1.0610 against the greenback. The Swiss franc is still stable and received a boost for growth because of growing prices on gold which opened with a surplus in 0.5% today. This week world trade promises to be weak waiting for more exact reference points of development which can emerge after the inauguration of the newly elected U.S. President on Friday.
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NewForex Analyst
Alex Vergunov


The Biggest Divorce of the year
This year the divorce proceedings between the U.K. and the European Union’s will begin. It’s the end of a four-decade relationship. What has happened? In June 2016, British voters insisted on the referendum ending up with a breakup. Still there’s no blueprint of how to unwind the relationships. What is going to happen next? The U.K. Prime Minister Theresa May set a deadline, after which the two sides are supposed to have two years to reach a settlement. It can easily drag on even to the next decade. The U.K. Prime Minister Theresa May hasn’t specified what she wants to achieve, but she has sent signals that her priorities are: immigration control, getting out of the European courts jurisdiction and cutting back or eliminating money to Brussels. She may even will to give up access to the bloc’s single market for goods and services. On the other side of the bottle, the EU leaders have warned Theresa May that she won’t be able to participate in tariff-free trade without allowing the EU citizens to work and live in any country that’s a member of the club. Showing that the government knows just what it’s up against, Brexit Secretary David Davis has described the talks the most «complicated negotiation of all time».

NewForex Analyst
David Fineberg
 
Forex News from New Forex: Technical analysis of EUR/USD
On Tuesday, the pair returned to growth after correction which was lower than 1.0600. Nevertheless by the opening of the trades in Europe the price remains within the strong level of support at 1.0586 and the current level of resistance at 1.0672. The market has a serious ascending potential and today its participants are in expectation of macroeconomic data from the German institute ZEW. On the four-hour chart the technical picture shows the expressed, bullish potential. The MACD histogram appeared in a positive zone and rises over the alarm line. The Stochastic oscillator is in an overbought zone and creates a signal on purchase.
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Forex News from New Forex: Technical analysis of GBP/USD
On Tuesday this currency pair is traded with recovery after a yesterday’s gap down waiting for a speech of the British prime minister Theresa May who is to unveil the plan for a country exit from structure of the EU. Most of the markets participants expect tough rhetoric from the head of the government. It is expected that the prime minister will confirm readiness to offer access to the single market of eurozone that will cause a new wave of sales of the British national currency even in case of a release of the positive data of macroeconomic statistics confirming a steady position of economy in relation to «Brexit». The technical analysis on the four-hour chart is full of optimism. The MACD histogram and Stochastic create a signal on sterling purchase.
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Forex News from New Forex: Technical analysis of USD/JPY
On Tuesday the trades on this currency pair proceed with clear advantage of bears. As for November, macroeconomic data on industrial production of Japan gave good support in annual and monthly terms to yen that is more than on 100 pips strengthened its line items against the greenback. In the short term the technical analysis of this market promises further reduction in price. The MACD histogram remains in a negative zone and below the alarm line that is a prerequisite for short positions. The Stochastic oscillator decreases creating a similar signal, the %К line is lower than the %D line. The current level of support at 112.25 and the level of resistance at 114.22.
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Forex News from New Forex: Technical analysis of USD/CHF
The Swiss national currency fights back its line items at the greenback today. From the moment of trades opening in Asia the pair is switched from attempts to overcome the level of resistance at 1.0112 to testing of support at 1.0059. In the short term the potential of this market is characterized by clear advantage of bears. On the four-hour chart the MACD histogram continues to remain in a negative zone and gives a signal for sale. The Stochastic oscillator decreases approaching border of an oversold zone and similar signal as the %К line is lower the %D line.
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NewForex Analyst
Sara Rosenstein


Fundamental analysis from New Forex: The Asia-Pacific region
This week the regional markets are still weak because of two large performances one of which will take place today and this speech of the British prime minister Theresa May concerning an exit from Brexit. Trumps is preparing his speech to address people at the end of the week within the inauguration. These days besides the fluent criticism of the tax plan of Ryan from Trump also undermined interest of participants of the markets in speculative trading. The regional index MSCI weakened for 0.1% while the Japanese Nikkei decreased by 0.4% having lost a bit because of the strengthened yen and is traded near its five-week minima. The Wall Street stock indexes were closed in different directions again: Dow lost 0.3% while Nasdaq and S&P added 0.5 and 0.2%. The Australian ASX weakened almost at 0.9% and the Canadian TSX at 0.1%. The greenback took defensive positions and is traded at the level of 114.200 against the JPY after recovering from half-month minima in 113.610. The Australian dollar which is sensitive to risks lost 0.1% against the greenback but is traded stronger than most of competitors against the background of bullish data from the real estate market while the Canadian dollar received a boost for growth because of the developed oil prices. For today oil is traded with a surplus in 0.3% in the markets for goods.
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Fundamental analysis from New Forex: Europe
The European stock indexes weakened a little just before the speech of the prime minister of Britain Theresa May which will take place later on today. We expect that the performance will cause the spotlight to be shone on the plan of an exit from the EU which attracts significant risks for trade between Great Britain and the single market. According to early notes of Mae it won’t be realized: many industries will suffer. The all-European Stoxx 600 lost 0.2% while the British FTSE continues to grow and is traded near its recent record maxima because of the weakened pound sterling provided to goods of the British exporters, the most profitable prices from the point of view of the competition. Сonsumer spendings in Britain grew meanwhile according to a yesterday’s speech of the head of BoE Mark Carney that can serve as the soil for growth of households borrowings. The European currency is traded defensively but a little recovered from the early losses which were received at the beginning of the session — approximately in 0.38%. At the same time the British pound came off its half-month minima in 1.1983 against USD and is traded at the level of 1.2052 for today. The Swiss franc continues to grow and trades above most of competitors because of sensitivity to dynamics of risk in the markets which led gold to $1.20786 for ounce — to its highest rate in two months.
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NewForex Analyst
Alex Vergunov


Lowering of sterling on Brexit anxiety; investors hope for Trump to clarify the situation
On Monday sterling slid to its three-month lows in Asia with investors again spooked by concerns over Britain’s exit from the European Union as U.S. policy uncertainty lingered ahead of the inauguration of President-elect Donald Trump. The regional share markets were really hesitant with MSCI’s broadest index of Asia-Pacific shares outside Japan with up to 0.09 percent. Japan’s Nikkei eased at 0.3 percent, while Australia added 0.5 percent. All the early action was in currencies where the pound became as low as $1.1983 and it is not seen the depths since the flash crash of October which was finished around $1.2175 in New York on Friday. It was last down 1.1 percent at $1.2044. Dealers undermined that the market was reacting in part to a report in the Sunday Times that U.K. Prime Minister Theresa May will use a special speech on Tuesday to signal plans for a «hard Brexit», quitting the EU’s single market to return control of Britain’s borders. Investors have been worried with such a decisive break from the single market would hurt British exports and drive foreign investment out of the country. Analysts at JPMorgan wrote in a note that it is impossible to say by how much a hard Brexit could weaken GBP, but we do not believe that a further 5-10 percent depreciation should be regarded as an extreme scenario when set aside the UK’s high dependence on foreign capital. The safe-haven Japanese yen was benefited by the flight from sterling, with the pound down 1.3 percent to 137.57 yen while the U.S. dollar dipped to 114.24. Currencies gyrating on very little volume as the trading was erratic. The dollar edged up 0.2 percent to 101.390 on a basket of currencies. Meanwhile the euro pared initial losses to stand at $1.0632.

NewForex Analyst
Michael Butnitsky
 
Forex News from New Forex: Technical analysis of EUR/USD
On Wednesday, dynamics of this currency pair growth became a bit slower. The market has updated its monthly maximum and now the trades proceed within the current levels of support at 1.0652 and resistance at 1.0713. In the long term the ascending tendency remains the same. The potential targets for long positions is the corner of 1.08 — 1.0860. The technical picture on the four-hour chart indicates the benefit of bulls. Moving averages are steadily grow with the period of 20 and 55. The price is above moving averages and remains in the ascending channel since the beginning of month. The MACD histogram is located in a positive zone and above the alarm line which indicates the signal to purchases. The Stochastic oscillator took a lead from the current correction and now is located in an average zone creating a signal for sale which is probably to appear a false one.
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Forex News from New Forex: Technical analysis of GBP/USD
This week there was a partial turn of the descending trend in this market and the price has updated its monthly maximum having returned to the corner of 1.24-1.2430. Good macroeconomic data and public statements of the prime minister Theresa May who provided the plan of the country’s exit from the EU with separation of the markets acted as the main theme of an event. The technical picture on the four-hour chart indicates the accumulating ascending market potential, the MACD histogram appeared in a positive zone and continues to grow advancing the alarm line. At the same time the Stochastic oscillator was deployed in an overbought zone and creates an opposite signal.
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NewForex Analyst
David Fineberg


Fundamental analysis from New Forex: The Asia-Pacific region
Donald Trump: «The strong dollar, in particular against the Chinese yuan kills our economy». Bearish notes considering the American dollar helped the Asian markets to feel their way and to make a start to November’s maxima thanks to deployment in some emerging markets. Trump’s comments helped to facilitate the pressure upon yuan and upon the Chinese shares that helped to suspend capital outflow from Asia. The common regional MSCI index grew up by 0.4% while the Japanese Nikkei added 0.45%. The Wall Street shares weakened against the background of the growing doubts in prospects of the stimulating policy of the newly elected president: losses constituted from 0.3 to 0.6% on the key stock exchange indexes. At the same time, the Chinese CSI 300 added nearly 0.6% having partially offset losses from last week. The greenback’s index decreased up to 100.64 against its main competitors having departed from its 2002 maxima which the greenback had the last time with the level of 103.82 about two weeks ago, on the third of January. The Canadian dollar became stronger thanks to the bullish prospects of monetary policy and the Australian dollar also grew up at the expense of China — the largest trading partner. Today we expect the decision on an interest rate from the Bank of Canada and also a number of comments on monetary policy from the chairman of U.S. Fed Yellen which can pledge the further directions for market trends on the above mentioned assets.
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Fundamental analysis from New Forex: Europe
The European stock indexes are traded in flat against the background of bullish comments of the prime minister of Britain in the relation of prospects of the country’s depature from the EU. May noted that to weaken rigidity of market’s landing, the decision to bring up a final question of an exit for parliamentary vote is made. Besides, the prime minister noted that she intends to do everything possible to keep exclusive partnership with the European partner. The all-European Stoxx Europe 600 weakened at 0.12%, having restored 0.6% of early losses directly after Theresa May’s performance. For today the British FTSE 100 opened with losses in 1.5% because of the developed pound sterling while the German DAX 30 weakened at 0.2% and French CAC 40 lost 0.08%. Recently, the European bank and other cyclic shares rallied in order to promote growth of eurobonds fed profitability for financial incentives and deregulation of trading activities from new administration of the US. The British pound sterling grew up by 0.14% against other principal currencies having shared competitive positions with the European colleague who added 0.9% and is traded at the level of 1.0684 against US dollar. The Swiss franc became stronger against euro, yen and pound because of investors tendency to protect the assets from the current financial risks. Today we watch the European news at the head of which reading on unemployment in Britain and inflation in the eurozone.
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NewForex Analyst
Alex Vergunov
 
Forex News from New Forex: Technical analysis of EUR/USD
On Thursday, the single European currency is traded approximately at the level of closing last session when after the speech of the the Federal Reserve System head Yellen the greenback became a little stronger against the principal world currencies. In her speech Yellen confirmed the regulator’s intentions step by step in order to raise an interest rate but when and how they will do it she refused to specify. Thus, yesterday the chart on this currency pair was down beyond the ascending channel which can be seen in a four-hour time frame. However, during the Asian trading session, euro gradually began to return its lost line items. For now, concerning levels of support and resistance, moving averages have the period of 20 and 55. At the same time indications of technical analysis indicators indicates bearish succession of events. The MACD histogram remains in a positive zone that indicates that the market still keeps bullish potential but the indicator in general created a signal for sale of single European currency. The Stochastic oscillator is located in an oversold zone giving a strong signal on purchase as the %К line crosses the %D line top down as they leave a zone. It is to be recalled that in case of investment decisions adoption you should consider the press conference of the head of the ECB M. Draghi will take place today.
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Forex News from New Forex: Technical analysis of GBP/USD
On the statements of the head of the Federal Reserve System Yellen during the yesterday’s press conference of the greenback regulator became a little stronger against the British pound. It removed all quotations in the corner of 1.2255-75 where it also continues to be traded on Thursday remaining within support levels at 1.2239 and resistance at 1.2333. At the same time the general potential of this market is rather bullish as the MACD histogram is located in a positive zone and the Stichastic oscillator is in an oversold zone at the stage of strong signal forming for Sterling’s purchase, the %D line cross %К line top down.
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Forex News from New Forex: Technical analysis of USD/JPY
On Thursday the trades on this currency pair proceed with small reduction in price. Yesterday the greenback considerably became stronger against the Japanese national currency on statements of the Federal Reserve System head Yellen about step-by-step and multi-staged increase in the main interest rate. Unfortunately, she didn’t begin to discuss the question in details for example when the increase is expected, etc. that leaves the wide field for maneuver in economy for the regulator. On the four-hour chart the rate of currency pair is clamped between moving averages with the period of 20 and 55 which act as the current levels of support and resistance. The MACD histogram appeared in a positive zone and created a signal on purchase of the greenback. The Stochastic oscillator is in an overbought zone and also creates a similar signal.
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Forex News from New Forex: Technical analysis of USD/CHF
By the end of last trading session the Swiss franc fall in price a little in relation to the greenback support to which was given by the head of the Federal Reserve, Janet Yellen who confirmed yesterday intention of the regulator step by step to raise the main interest rate. However, this event meanwhile didn’t change the general descending tendency which developed in this market during last month. On the four-hour chart the MACD histogram still remains below the central line that indicates the remaining bearish potential however now it began to weaken a little. The Stochastic oscillator is located in an overbought zone and creates a signal for sale of dollar while the %К line crosses the %D line from top down. The current levels of support and resistance are the following moving averages with the period of 20 and 55 between which the current rate of the currency pair was clamped between
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NewForex Analyst
Aaron Kaufmann


Fundamental analysis from New Forex: The Asia-Pacific region
Today the stock indexes in the region fell after the US dollar was recovered against the background of bull statements on behalf of U.S. Fed. Therewith the Ministry of Trade of China declared that China and the United States can solve properly any trade problems by dialogue and cooperation as the quarrel is unprofitable to both parties that also promoted strengthening of the American currency. The MSCI index of the region lost 0.4% while the Japanese Nikkei grew up by 1% against the background of the weakened yen. The Wall Street was closed in different directions: industrial Dow lost 0.1% while high-technology Nasdaq Composite added 0.3% and the blue chip index of S&P 500 was closed with a surplus in 0.2%. The Hang Seng index in Hong Kong dropped by 0.62% while the Chinese Shanghai Composite weakened at 0.13%. The Australian ASX grew up by 0.28% and the Canadian TSX lost 0.26%. The American dollar grew up by 0.32% against the basket of principal currencies and became stronger at the level of 101.22. The greenback showed very impressive rally at the beginning of the session against yen but then departed to the level of 114.50. The Australian dollar got the upper hand of today’s growth because of the growing demand for iron ore and shares of mining companies. The Canadian, on the contrary, took defensive positions because of the developed oil prices.
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Fundamental analysis from New Forex: Europe
In Europe the stock indexes are traded in a flat at the same time there is observed a limited growth among bank and other cyclic shares and also steadier growth among mining companies and in section of the precious metals which are traditionally acting as the tool for hedging of financial risks. The all-European STOXX Europe 600 grew up by 1.6% while the main indexes are traded in different directions: the German DAX with a surplus of 0.8%, the British FTSE with growth of 0.4% and the French SAS with losses in 0.25%. However in the medium term it is possible to expect considerable improvements in the European stock market — after settling uncertainty around the stimulating Trump’s plans. At the same time support of China in the relation had more than ever and now the administration of the USA can expect surely the maximum return after raises this question once again. The European currency became stronger with a surplus at 0.12% against main competitors waiting for officials meeting of the European Central Bank who cut off the stimulating program last month and will leave monetary policy without any changes this time as it is expected. Meanwhile the pound sterling also grew up by 0.1% and is traded at the level of 1.2275 against US dollar after the Great Britain prime minister Theresa May which besieged panic in the market having promised to mitigate landing of the market due to parliamentary vote on Brexit and also vigilant participation of the government in preserving warm partnership with the single market. The Swiss franc is still stable at the expense of hedgers and trades above the majority of principal currencies.
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NewForex Analyst
Alex Vergunov
 
Forex News from New Forex: Technical analysis of EUR/USD

After Trump’s inauguration the American dollar loses its line items against the principal world currencies and first of all against single European currency. On Monday, the currency pair EUR/USD is traded with an advance in price and within the current levels of support at 1.0695 and resistance at 1.0756. The market has serious bullish potential that is confirmed by the MACD histogram which is in a positive zone and continues to grow up having risen above the alarm line that is a signal for purchase of single European currency. The Stochastic oscillator is located in an overbought zone and continues to grow having created a similar signal as the %К line is higher than the %D line.

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

After Trump’s inauguration the American dollar loses its line items against the principal world currencies. The British pound sterling wasn’t an exception too. On Monday the trades on this currency pair proceed with an advance in price and clear advantage of bulls. So far the sterling is quoted within the closest levels of support at 1.2383 and resistance at 1.2483. The market possesses a serious bullish spirit that is visible on the example of the MACD histogram which is in a positive zone and continues to grow steadily having risen above the alarm line that is a signal for an entrance to the market with long positions. The Stochastic oscillator continues to grow and entered an overbought zone having created a similar signal as the %К line is higher the %D line.

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

After Trump’s inauguration the greenback loses the line items against the principal world currencies. The Japanese national currency isn’t an exception too. On Monday, the trades proceed with an obvious bearish spirit of the market participants. So far the currency pair USD/JPY is quoted within the current levels of support at 113.24 and resistance at 114.95. It is necessary to notice that alignment of forces in this market undergoes basic changes and the initiative passes to bears that can be seen on the example of the MACD histogram which fell to a negative zone and now is below the alarm line giving a signal for sale of the greenback. The Stochastic oscillator fell to an oversold zone and creates a similar signal as the %К line is lower than the %D line.


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

After Trump’s inauguration the American dollar loses its line items against the principal world currencies. The national currency of Switzerland became not an exception too. The trades on Monday continue within the bearish trend which was created at the end of December. During the Asian session the market already took place with level of support at 1.0000 which is also strong psychological mark. The MACD histogram indicates bears strength and intend «to press» further in order to create a signal for sale. The Stochastic oscillator is in an oversold zone and gives a similar signal as the %К line is lower than the %D line.

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NewForex Analyst

Aaron Kaufmann



Fundamental analysis from New Forex: The Asia-Pacific region

Many of Trump’s election promises including decrease in taxes and increase in expenses on infrastructure can meet obstacles from the senate as the newly elected president as it was emphasized in the inauguration speech. In view of the fact that these promises promoted growth of dollar recently they also undermined of the force for today. The MSCI index grew up by 0.4% with a considerable surplus on the stock indexes of Wall Street which received a boost from weak dollar: technological Nasdaq added 0.28% and the blue chip index of S&P 500 grew up by 0.34% while Dow grew up by 0.48%. The Japanese Nikkei lost 1.1% because of the strengthened currency. The Australian ASX weakened at 0.7%, TSX of Canada added 0.9% because of growing prices for energy products. Profitability of 10-year bonds fell in the USA to 2.432% having risen for a short time to 2.513% on Friday which is the maximum on the 3rd of January. Two-year papers were more sensitive to bearish statements of FRS and fell to 1.180% having departed from three-week maxima of 1.250%. The American currency is traded at the level of 113.435 against yen with decrease by 1.1% and near its two-month maxima in 112.57. The Canadian and Australian dollars reached a defensive position.

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Fundamental analysis from New Forex: Europe

Traders are hotly welcomed ultra-easy initiatives of monetary policy from officials of the European Central Bank considering as growth sign the fact that the Central Bank didn’t consider the prospect of amounts narrowing of the purchased assets that can demonstrate indirectly delay of inflation in the eurozone. The European stock indexes are traded mainly in the negative corner however among the main indexes the British FTSE grew up a little by 0.1% while German DAX lost about 0.1% and French CAC is traded in a flat. The all-European STOXX 600 opened with decrease in 0.15%. Among leaders there are falls of the company retail trade with losses about 0.4%. The European currency grows against American with a surplus in 0.4% to the level of two-month maxima in 1.0748. The British pound also got stronger against most of competitors having received a boost from consolatory comments of the prime minister concerning the mitigation prospects of landing from a gap with the EU. The British grew up by 0.5% against US dollar. Despite improvement of data on inflation, economic tone of the European Central Bank still didn’t change. But, it is worth believing, that very soon the Central bank will designate fresh monetary prospects for the single market.

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NewForex Analyst

Alex Vergunov



Shareholders are waiting for details of Trump's management as the greenback loses its positions

On Monday, the greenback slipped during Asian trade with the euro being at the high during a month as investors padlocked an income on the greenback’s newfangled acceleration as they were waiting for the U.S. President Donald Trump to discuss specifics of development. The euro strengthened its positions at 0.4 percent during the day up to $1.07400 after prior ascending to $1.07460 which is the highest level since December 8. That fact sustained reducing the greenback against a currency basket, with the greenback index declined 0.4 percent during the day up to 100.37.


NewForex Analyst

Michael Butnitsky
 
Forex News from New Forex: Technical analysis of EUR/USD
Today the the market keeps a bullish spirit. The single European currency continues to strengthen against the greenback however at the trades on Tuesday growth was a little slowed down around 1.0770 and couple is traded within the closest levels of support at 1.0722 and resistance at 1.0762. The technical picture on the four-hour chart shows clear advantage of bullish moods. The chart rose above moving averages with the period of 20 and 55 and is within the ascending channel. The MACD histogram is in a positive zone that indicates good bullish potential of the market. However, the Stochastic oscillator left an overbought zone and created an accurate and strong signal for sale as the %К line crosses the %D line top down in case of an exit from an overbought zone. It follows thence we can expect correction of the price in the nearest future.
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Forex News from New Forex: Technical analysis of GBP/USD
After noticeable rally on Monday, at Tuesday’s trades the British pound sterling is traded with a small decrease in quotations remaining within the closest levels of support at 1.2474 and resistance at 1.2531. The market considerably went above moving averages with the period 20 and 55 and now undergoes correction of the price. The MACD indicator confirms the serious bull potential of this market and shows a signal on purchase of sterling. At the same time, it is necessary to notice that the oscillator of Stochastics left a zone of a perekuplennost and shows a signal for sale — the line %К fell below the %D line. In case of adoption of investment decisions it is necessary to consider that today the Great Britain Supreme Court will announce the decision on whether the decision on the country exit from the EU could be made without any approval of Parliament.
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NewForex Analyst
Sara Rosenstein


Fundamental analysis from New Forex: The Asia-Pacific region
Donald Trump broke off the agreement with the Trans Pacific partnership that partly undermined belief of investors in protectionist prospects for economy of the USA and aggravated opportunities for the global trade conflicts. On this background the new U.S. Treasury Secretary Mnuchin promised to fight against currency manipulations, unambiguously hinting at manipulations with the Chinese yuan. However, the region MSCI index grew up by 0.1% foretelling growth of trade activity in Asia after Trump’s inauguration which was held while the major global and economic reference points laid down to analysts. Meanwhile, Nikkei in Japan decreased by 0.4% because of the strengthened yen against the background of the growing production and export orders. Wall Street in defensive line items with losses from 0.15 to 0.25% on key indexes. The American dollar is traded at the level of two-week minima 112.50 against yen and the index of the American currency lost 0.1% staying up to a standard of four-months minima at 100.80. The Canadian dollar was beaten out in leaders against the background of increase in prices for WTI crude oil while the Australian deeply sank because of the unidirectional correlation with the American dollar which was injured because of conservative market moods.
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Fundamental analysis from New Forex: Europe
The stock indexes grow in Europe because of TTP disorder but are limited by strong euro which received a boost from the weakened greenback. Cyclic and bank shares prevail among leaders of today’s growth but also transportation companies show a high surplus because of positive news from Britain where the prime minister May unveiled strategic plans of mitigation post-brexit landings of the country out of the single market. The all-European Stoxx 600 grew up by 0.1% while the British FTSE is traded in a flat and the German shares grew up by 0.3%. French CAC opened relatively with a gap and a surplus in 0.2%. The British prime minister Theresa May published the plan of strategic recovery of the country where improvement of infrastructure and investment climate innovative development while the trade is put in the forefront. The common currency became stronger at the level of 1.0758 against the greenback while the British sterling grew up to its six-week maxima in 1.2546 against US dollar on the assumption that the Supreme Court of Great Britain will oblige the government to pass the official decision on brexit for discussion in parliament. The Swiss franc is also strong because gold is traded about a two-month maximum in $1.2166 for ounce.
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NewForex Analyst
Alex Vergunov


Unstable dollar, stocks restrained by protectionism of Trump
On Tuesday, the greenback struggled in Asia as the U.S. President’s concentration on production ahead of financial impetus twist the knife of his administration as it might be profitable to gain a competitive advantage over a weaker currency.
The dispute of trade wars came even as more information pointed to a gratifying recovery in activity throughout the entire world. Today, the review of Japanese manufacturing showed the fastest extension in almost three years as export orders increased. In exchange for the mobility emerging from Washington kept Asian stocks subdued in order to help safe-haven Treasuries and the yen.

NewForex Analyst
Michael Butnitsky
 
Forex News from New Forex: Technical analysis of EUR/USD
On Wednesday the price returned to its support level finishing correction, thus today it is possible to consider an entrance to the market with long positions if the market won’t be able to overcome the current level of support at 1.0722. As resistance there is a level of 1.0762. In an economic calendar there are today important data on Germany which can give support to single European currency. Across the USA those aren’t expected so the currency pair has good chances for further growth. In the short term, according to data of technical indicators we can expect continuation of bearish correction though the market continues to keep the decent ascending potential. The MACD histogram is still located in a positive zone but is a little reduced. The Stochastic oscillator reached an oversold zone and creates a signal for sale.
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Forex News from New Forex: Technical analysis of GBP/USD
The yesterday’s decision of the Great Britain Supreme Court didn’t gave a strong support to national currency but also didn’t press through the market as it was expected by supporters of bears. Thus today the sterling is traded within support levels at 1.2460 and resistance at 1.2533. The technical picture on the four-hour chart looks multidirectional. According to the MACD histogram the market still keeps bullish potential but at the same time the signal for sale is created. The Stochastic oscillator is located in an overbought zone and creates a similar signal, the %К line crosses the %D line top down and at the exit from an overbought zone.
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Forex News from New Forex: Technical analysis of USD/JPY
On Wednesday the trades on this currency pair proceed with a small decrease in quotations if to consider the four-hour chart. During the Asian trading session of special volatility in the market it wasn’t observed and opening of the trades in Europe pair remained within the current levels of support at 112.67 and resistance at 114.21. The technical picture of this market indicates the fact warring parties which reached its parity, the MACD histogram was reduced to the central line. The price gradually leaves to the area between moving averages with the period of 20 and 55 which slow down the decrease. The Stochastic oscillator left an overbought and created a signal for sale.
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Forex News from New Forex: Technical analysis of USD/CHF
On Wednesday this currency pair is traded with small increase in quotations in the short term. Special volatility in the market isn’t observed. Indicators of the technical analysis indicates good potential for the ascending tendency today. On the four-hour chart the MACD histogram remains in a negative zone and it means that bears still save the power and can increase in the future. However, at the same time we observe forming by the indicator of a signal for purchase. The Stochastic oscillator grows, entered an overbought zone and creates a similar signal. In the medium and long term in this market the descending trend remains. Moving averages with the period of 20 and 55 continue to decrease.
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NewForex Analyst
Aaron Kaufmann


Fundamental analysis from New Forex: The Asia-Pacific region
On Wednesday, the Asian stock markets were tightened to its three-months maxima while the greenback weakened because of the relation of policy of the U.S. President Trump growing uncertainty of the inducing investors to fix profit. The Asian markets are disturbed by the fact that now there will be more control and restrictions in the sphere of international trade from the USA. Especially it saddened economic prospects of the trans pacific partnership member countries as the agreement with which the newly elected president denounced this week earlier. The MSCI Index added 0.1% in the region and is traded at the highest levels since the end of October. At the same time the Japanese shares added 1.3% because of the data specifying export growth of the country becoming more active in December. Despite rally of such indexes of Wall Street as S&P 500 and Nasdaq the trading volumes were weaker as market estimates of corporate climate in the USA became more and more tense. The US dollar drifted much below the trade basket weighed competitors on Wednesday, becoming more active with concerns about implementation of protectionist measures from new administration. In the bond markets, the USA profitability of treasurer bonds grew to its two-year maxima in 1.22% in comparison with 1.15% on Tuesday reflecting strong economic prospects for the USA.
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Fundamental analysis from New Forex: Europe
The profit season among European shares comes to an end however today the stock indexes of the single market still grow but in some sectors multi-day idle time which can testify to turns of long-term trends on some asset classes after Trump’s inauguration is found already. The all-European Stoxx 600 received a surplus in 0.2% relying on growth of Italian financial sector and also all-European index of the mining entities. Meanwhile, the prime minister of Greece declared that he doesn’t intend to accept one more aid package from the European creditors than once again called the question of efficiency the stimulating program of the European Central Bank. However most of investors disregarded an event. The pound of sterling grew up and is traded at the level of 1.2524 for US dollar after the Supreme Court of Great Britain decided that the government will need an approval of parliament for official start of the denouncements procedure of member agreements with the European Union. Euro is traded in defensive line items while the Swiss franc continues to grow at the expense of prolonged rally on the precious metals and conservative investment moods in the markets to an environment of operational risks hedging.
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NewForex Analyst
Alex Vergunov


Asian stocks rose to its three-month jubilation, drift of the greenback
For today, the Asian stocks edged up to its three-month jubilation but the greenback facilitate as growing uncertainty over U.S. President’s policies which prompted some investors to take benefit on the greenback’s overnight bounce. European markets knew about uneasy mood in Asia, so they opened with a little change in key benchmarks. In Asia, outside Japan, the MSCI’s broadest index of Asia-Pacific shares increased at 0.1 percent to its highest levels since late October.

NewForex Analyst
Michael Butnitsky
 
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