Daily news from NewForex

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
On Thursday the pair is traded in different directions within the current levels of support at 1.0725 and resistance at 1.0765. The rate is clamped between moving averages with the period of 20 and 55. On the four-hour chart the bullish spirit of the market participants is observed on a large scale. The MACD histogram is in a positive zone. It means that the market keeps the ascending potential. The Stochastic oscillator is located in the central area and grows giving a signal for the single European currency for purchase as the %К line is higher than the %D line.

Forex News from New Forex: Technical analysis of GBP/USD
On Thursday after opening of the European trading session this currency pair differs in a strong overbought level at the trades. On the four-hour chart the stable ascending trend is observed in the short term. The chart is much above the moving averages with the period of 20 and 55 continuing to grow. As a result of the current rally the British pound considerably strengthened against the American dollar and returned to its month maxima. Today the market tests resistance around a mark of 1.2677 with support level at 1.2576. The MACD histogram is located in a positive zone confirming good bullish market potential and grows giving a signal on sterling purchase. The Stochastic oscillator came deeply into the an overbought zone and continues to give a signal for purchase as the %К line is higher the %D line.

Forex News from New Forex: Technical analysis of USD/JPY
On Thursday, the American dollar slightly strengthened against the Japanese yen despite increase in amount of foreign investments in the Japanese shares and bonds at the trades in Asia. During the trades continuation of this market consolidation in the corner of support at 112.68 and resistance at 113.79 is observed. The technical structure of the market indicates weakening of bearish moods of its participants that is confirmed by the MACD histogram. The Stochastic oscillator is in the central area and gives a signal on purchase of the American dollar against national currency of Japan.

Forex News from New Forex: Technical analysis of USD/CHF
On Thursday, continuation of the descending trend is observed at the trades since the beginning of the current year. On the four-hour chart moving averages with the period of 20 and 55 days steadily decrease within the descending channel. The technical structure of this market is characterized by obvious bearish potential the MACD histogram is in a negative zone periodically creating signals for sale. The ADX trend indicator reports a small delay of the current descending tendency in the short term. The Stochastic oscillator is located in the central area and also creates a signal for sale.

NewForex Analyst
Aaron Kaufmann

Fundamental analysis from New Forex: The Asia-Pacific region
For today, the trade in an Asia-Pacific region is quite saturated as it was promoted by yesterday’s progress in the European market and the US while the market with the industrial Dow Jones index for the first time punched the level in 20000. Because of the growing interest in risk, the market of precious metals was developed and now it falls. The MSCI index grew up by 0.8% to its four-months maxima while Hong Kong shares added 1.3% in South Korea and grew up by 1% and for 0.2% in Shanghai. The Japanese stock market added 1.6%. Density of trade is explained by a considerable surplus in shares of the American companies today and growth of orders for the Japanese export. Besides, interest in traditional assets is persistently maintained by protectionist moods of the American government. The US dollar tested just the opposite, negative consequences of protectionist prospects and the situation wasn’t corrected even by the growing profitability of two-year and ten-year treasury bonds. An index of the American currency at the level of 99.793. However, the dollar almost didn’t change against yen and is traded at the level of 113.375. The Canadian dollar is falling because of oil inventories growth in the USA while the Australian dollar is also settled in defense providing liquidity of shares of mining companies.

Fundamental analysis from New Forex: Europe
The European shares reduced the early growth which was supported by strong corporate data and also the protectionist policy of the American government is traded restrictedly. However, the surplus in bank shares and mining companies opens broad prospects for a short-term growth of cyclic shares. The all-European Stoxx added 1.4%, German DAX grew up by 1.8%, the Italian MIB for 0.4%, the French SAS — 1.2%, the British FTSE added 0.6%. The European banking sector extended in 3% and oil in the goods markets added 0.8% by 55.53 for barrel of benchmark Brent. These days the European shares look attractively and weak euro provides their liquidity. The European currency weakened and is traded at the level of 1.07542 against the American dollar having departed from the half-month maxima which was reached earlier on Tuesday. At the same time the pound sterling grew up and limited its growth of British shares against the background of Supreme Court decisions in the relation to the procedure of membership denouncement of Britain in the EU a little. The Swiss franc became stronger against the majority of currencies because of strong corporate reportings.

NewForex Analyst
Alex Vergunov


Shareholders took off most cash from U.S. stock funds since election
Investment Company Institute data for the latest week showed that shareholders sold U.S.-based domestic stock funds within the shortest possible time since equities leapt following the presidential elections. Recently we can observe the largest outflow for the funds since the election-week period ended November 9, when outflows reached $6.4 billion. The US President, Donald Trump came into office last Friday. Trump with his Republican party, which controls Congress, have promotes potential contemporary economic stimulus measures, such as tax cuts. U.S.-based fixed-income funds lost $13 in November. As for bond funds, they continued to bring money. Commodity funds, included those for buying gold, attracted $231 million as the data showed.

NewForex Analyst
Michael Butnitsky

 

[Anna Mon]

The greenback slips on lack moisture U.S. data, apprehensions over Trump trade policy
On Monday, the greenback fell off its one-week high against a basket of currencies after Treasury yields declined on data showing the U.S. economy growing rather slowly than it was expected. The greenback was down 0.6 percent at 114.410 yen after it rise on Friday to the level of 115.380, its highest peak since 20th January. The euro added to Friday’s modest gains and was last 0.3 percent higher at $1.0733. On Thursday the index of greenback against a basket of major currencies dropped to a seven-week low of 99.793. On Monday the index was down 0.3 percent at 100.320. This week, besides Trump, market focus was on monetary policy, with the Bank of Japan, the Federal Reserve and the Bank of England holding strategical meetings.

NewForex Analyst
Michael Butnitsky

Fundamental analysis from New Forex: The Asia-Pacific region
The stock indexes in Asia are weakened against the background of the first steps of Trump’s migration policy which were quite tough in relation to migrants: some citizens of the Muslim countries were temporarily forbade to enter the US territory even taking into account the fact that it is possible to receive permission for residence or the visa. Besides, concerns about the fact that the USA is going to enter a trade war with China that can also alter balance of forces to the growth of world economy. The MSCI index of the region dropped by 0.4%, the Japanese Nikkei dropped by 0.4% and the Australian shares lost more than 1%. The strong yen is limited by its competitive opportunities of the Japanese exporters. Electronic mini-futures of Dow and Nasdaq Composite lost 0.3%. For today the biggest market threat is the situation of Trump’s decision to go further on the way of protectionism without paying attention to economic policy. Last time the profitability of 10-year treasury bonds was 2.4658% in comparison with 2.481 on Friday. The index of the American currency tracking cost against the trade weighted analogs has lost about 0.3% having fallen to level of 100.21. The dollar dropped by 0.7% to level of 114.31 against the Japanese yen. Oil continues to fall against the background growth of inventories in the USA. In spite of the fact that news from the USA dominate these days, the meeting of the Bank of Japan officials can also be interesting to traders and long-term investors.

Fundamental analysis from New Forex: Europe
In general, European stock indexes are traded with lowering because of the strengthened common currency and Swiss franc against the American dollar while the weak economic background in Britain put the considerable pressure upon pound sterling. Inflation in Great Britain spurt into the lead, having overtaken the wages rise and employment with which the parity remained nearly two years. The all-European benchmark of Stoxx Europe 600 weakened for 0.3% whereas German of DAX decreased by 0.22%, French of CAC weakened for 0.17%, and FTSE in Britain added 0.25%. Among leaders of growth there are cyclic shares, and also the gold which added 0.2% to $1,19425 for ounce. The global test of cost of Brent oil showed decrease in 0.3% to $55.34 for barrel. The European currency is traded with a surplus in 0.2% to the level of 1.0733 against US dollar whereas the Swiss franc became stronger with a surplus in 0.1% against its main competitors having acted as currency shelter. The British pound fell against the background growth fall rates of the income and acceleration of inflation. The economy of Great Britain grew up by 2% in 2016 being movable only by strong consumer spendings.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
After rally of Tuesday, this currency pair is slowed down its growth a little and today it is traded within the closest levels of support at 1.0716 and resistance at 1.0794. Activity of the market participants trading for dollars can be characterized as moderate one. Let’s remind that tonight,Moscow time it is expected an announcement of the decision of FRS on an interest rate. The technical structure of this market differs in a bullish tendency. The MACD histogram is in a positive zone with a purchase signal. The Stochastics oscillator is in an overbought zone and also creates a similar signal. Moving averages with the period of 20 and 55 developed up and grow again.

Forex News from New Forex: Technical analysis of GBP/USD
On Wednesday the trades on this currency pair proceed with moderate activity of the market participants. The price remains within the current levels of support at 1.2523 and resistance at 1.2591. On the four-hour chart moving averages with the period of 20 and 55 were slowed down being close to crossing. The MACD histogram progresses along the axial line only slightly towering in a positive zone giving a purchase signal for sterling. The Stochastics oscillator entered an overbought zone and created not absolutely accurate sale signal of the British pound against the American dollar. Let’s remind that today it is expected the publication of the FRS decision on an interest rate and what is quite remarkable is the fact that most of analysts don’t dare to make the forecast — whether there will be an increase in a rate or monetary U.S. authorities will leave it at the current level. Thus alignment of warring parties forces remains still uncertain.

Forex News from New Forex: Technical analysis of USD/JPY
On Wednesday the pair is traded with an advance in price after yesterday’s bearish rally when the American dollar lost about 150 pips against the Japanese national currency. Since the beginning of the trades in Asia there is a systematic strengthening of the greenback and depreciation of yen. It is necessary to notice that according to the secretary of cabinet council of Japan Yoshihide Suga, who gave a press conference today, the monetary authorities of the country don’t try to devalue national currency at all and support its stable rate in the foreign exchange market. That was enough for a bullish impulse of this currency pair. The technical structure of this market indicates remaining potential of bears in the long term despite the purchase signals of such indicators of the technical analysis as MACD and Stochastics in the short term. Support level for today — 112.75 and resistance — 114.72.

Forex News from New Forex: Technical analysis of USD/CHF
At the trades on Wednesday the pair keeps bearish tendency remaining within a descending channel with support level at 0.9823 and resistance at 0.9935. Moving averages with the period of 20 and 55 continues its systematic decrease but today were slightly slowed down. On the four-hour chart the MACD indicator which is responsible for a discrepancy of moving averages indicates serious bearish potential of the market as the histogram remains in a negative zone and gives a signal for sale of the greenback against national currency of Switzerland. The Stochastic oscillator on the contrary grows being in the central area and creates an opposite signal as the %К line is higher than the %D line. Thus we can expect a rebound to resistance level before the initiative passes to bears again.

NewForex Analyst
Aaron Kaufmann

Fundamental analysis from New Forex: The Asia-Pacific region
In the markets currency wars expand and this time Trump’s administration became interested in manipulations of Japan and Germany devaluating currencies to improve trade prospects. At the same time, the American dollar fell to thirty-year minima in January in monthly expression after the American president noted essential benefits which purchase the countries due to devaluation of national currencies. The regional benchmark index of MSCI is still in flat while the Japanese shares also move according to a side trend. China still celebrates lunar new year but data for January showed increase in production and services in the market. Stock indexes of Wall Street for today: S&P and Nasdaq are in flat while industrial Dow lost 0.54%. The Australian ASX lifted 0.57 and the Canadian TSX relatively lost 0.12%. The US dollar slightly recovered against yen and traded at the level of 112.94 near intra-day minima in 112.08 having come off its maxima in 115.01 which was on Monday. The Canadian dollar is traded stronger than yen and the British pound but is the weakest than other principal currencies. The Australian dollar got the upper hand but yielded superiority to the American dollar. Today officials of Committee on credit and monetary policy will discuss the prospects of the US monetary policy and after FRS will make the statement with the decision on an interest rate. Most of economists don’t expect any changes this time.

Fundamental analysis from New Forex: Europe
Last month the European stock indexes lost a bit in its positions and yesterday’s fall to its week minima was the culmination of sag. The cause is Donald Trump’s protectionist policy undermining more and more trade prospects of the single market every day. However, most of economists consider the European shares to be still more liquid than American no less than for the medium term. The Pan-European benchmark of Stoxx Europe 600 lost 0.7% and is traded near its week minima having fallen at 1.1% last session. Meanwhile the data on Tuesday showed that inflation in the eurozone grew almost to the target objective of the European Central Bank that emphasizes acceleration of economic growth rates of the single market while unemployment punched its seven-year minima. The common currency is traded near its week minima against the American dollar at the level of 1.0793 and with losses at 0.14%. At the same time the British pound sterling was developed and falls providing high liquidity to shares of the City of London. The Swiss franc though is stable but managed to suffer from weak data on export for the last year. The European shares will grow up while the currency weakens and in the USA a situation is similar but the European papers are more liquid and therefore the single market still advances the USA in protectionist policy but nobody knows for how long it will continue.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
The trades on Thursday are characterized by good bullish market potential and bulls don’t stop trying to overcome the current level of resistance at 1.0794. The level of 1.0716 acts as support. The technical structure of the market on the four-hour chart indicates the benefit of customers. The price chart rose above moving averages with the period of 20 and 55 while the MACD histogram is in a positive zone and continues to grow giving a buy signal of single European currency. The Stochastic oscillator is close to enter an overbought zone and creates a similar signal as the %К line is located above the %D line and they grow relatively. The situation will be able to get support or to break during the press conference of the ECB head M. Draghi which is planned for today at 15:15 GMT.

Forex News from New Forex: Technical analysis of GBP/USD
On Thursday the British pound continues to strengthen after good rally on Tuesday and Wednesday. For today, as for the movement driver it is served by good expectations (macroeconomic forecasts) of analysts for key events in the economic sphere of Great Britain. Here and the decision of the Central Bank on an interest rate both amount of purchases of assets by the Bank of England and the quarterly statement on inflation in the country. The release of data is planned at 15:00 GMT. Indicators of the technical analysis characterize this market by the considerable ascending potential. On the four-hour chart the MACD histogram was fixed in the positive corner and today grows giving a buy signal of the British pound as well as the Stochastic oscillator which is in an overbought zone and at the same time creates a similar and accurate signal for buyers as the %К line crosses the %D line top down within an overbought zone. Marks are at the level of 1.2585 and 1.2725 and act as levels of support and resistance.

Forex News from New Forex: Technical analysis of USD/JPY
After the publication of a monetary U.S. authorities meeting results the American dollar appeared under pressure considerably losing its line items against the principal world currencies basket. The Japanese yen didn’t become an exception. On Thursday, the trades proceed with clear advantage of bears who at the opening of the trades in Europe «pressed through» this market lower than the level of support at 112.61. And now the following acts with support level at 111.91 and resistance at 113.62. The price chart keeps below moving averages with the period of 20 and 55. The MACD histogram remains below the central line and continues to fall with an accurate signal for sale of currency pair. The Stochastic oscillator is located in an oversold zone and also creates an accurate signal for sale.

Forex News from New Forex: Technical analysis of USD/CHF
On Thursday this currency pair continues to be traded in a descending channel remaining within the current levels of support at 0.9831 and resistance at 0.9903. Bears strong hold an initiative in the hand and apparently aren’t going to release it. The chart of quotations was fixed in a four-hour timeframe below moving averages with the period of 20 and 55 which continue to decrease. The MACD histogram steadily progresses below the central line and gives a sale signal for the American dollar against the Swiss national currency. The Stochastic oscillator decreases approaching an oversold zone by giving a sale signal of this currency pair.

NewForex Analyst
Aaron Kaufmann

Fundamental analysis from New Forex: The Asia-Pacific region
The stock indexes in the Pacific Rim grew to its October maxima while the American dollar grows against the background of optimistic officials statements. The U.S. Federal Reserve System is disposed to a fast interest rate development. However it didn’t occur this time. In other words, FRS takes a timeout on looking narrowly to the market prospects. The regional benchmark index MSCI escaped to its four-months maxima having closed with a surplus in 0.6% and the Japanese Nikkei closed with losses in 0.3% because of the strengthened currency. Wall Street indexes also extended today: Dow added 0.15%, Nasdaq grew up by 0.5% while S&P 500 closed with absolutely small surplus in 0.03%. The American currency is traded at the level of 113.28 against yen while the index of US dollar fell by 99.75. The Australian dollar also jumped up to almost three-months maximum in 0.7648 against US dollar after Australia published the biggest trade surplus in December. The Canadian dollar also became stronger against the background of consumer spendings growth and even despite the weakened oil lost 0.4% for barrel on futures of Brent.

Fundamental analysis from New Forex: Europe
The European stock indexes developed and grew against the background of an economy industrial segment growth including amounts of industrial inventories and shares of miners grew that in an essential measure was promoted by strong corporate results in Europe and China — the largest consumer of metals. As a result, shares of miners showed the largest growth among other sectors, having added 1.6% in general. On this background the all-European benchmark index of Stoxx Europe 600 grew up by 0.2%, and the main national stock indexes were placed in the positive territory in the range of 0.1-0.3% of growth respectively. The European currency became stronger at the level of 1.0784 against the American dollar having jumped aside its recent minima in 1.0730. Earlier the common currency grew to the level of 1.08125 after Trump’s administration charged some markets of intended currency devaluation for the purpose of trade prospects improvement. The British settled in the negative territory as the leader of today’s fall and CHF is stabilized against the background of the weakened interest in hedging of financial risks.

NewForex Analyst
Alex Vergunov

Fed leaves interest rates unaffected
On Wednesday, in the first meeting since The US President Donald Trump took office, the Federal Reserve System held interest rates constant but painted a relatively upbeat picture of the U.S. economy that implied it was on track to tighten monetary policy this year. The U.S. regional bank said job gains endured stable, inflation had increased and economic confidence was increasing, although it gave no firm signal on the timing of its later rate shift. The Federal Reserve System policymakers are still waiting for the clarity on Trump’s economic policies.

NewForex Analyst
Michael Butnitsky

 

[Anna Mon]

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

The American dollar this week is traded in different directions against the principal world currencies and began to lose the line items a bit against single European currency. On Monday the currency pair of EUR/USD is traded with an advance in price and now it is within the ascending channel and the current levels of support are at 1.0751 while resistance is at 1.0793. The market has serious bullish potential that is confirmed by the MACD histogram on the four-hour chart which is in a positive zone but began to be decrease having fallen below the alarm line which is a sale signal of single European currency in the short term. The Stochastic oscillator is located in an overbought zone and slowed down its growth being at a stage of forming a similar and strong signals as the %К line crosses the %D line top down at the exit from an overbought zone. It is necessary to wait for the adoption of investment decisions signal.

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

On Monday the trades on this currency pair proceed with a small reduction in price after bearish rally on Friday. So far the sterling is quoted within the closest levels of support at 1.2434 and resistance at 1.2510. Wounds possesses a moderate bearish spirit that is visible on the example of the MACD histogram which is in a negative zone and continues to go down having fallen below the alarm line that is a signal for an entrance to the market with a short position. The Stochastic oscillator progresses in an average zone having created a similar signal as the %К line is lower than the %D line crossing it top down.

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

On Monday the trades proceed with an obvious bearish spirit of the market participants. So far the currency pair of USD/JPY is quoted within the current levels of support at 112.26 and resistance at 113.10. 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 it is below the alarm line giving a sale signal of the American dollar. The Stochastic oscillator is in the central corner and creates a similar signal as the %К line is lower than the %D line.

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

The trades on Monday continue within the bearish trend created at the end of December and during the Asian session on Monday the market remained within a descending channel and within the closest levels of support at 0.9888 and resistance at 0.9954. On the four-hour chart the MACD histogram indicates potential of bears but began to weaken gradually and today the indicator creates a sale signal. The Stochastic oscillator is in an oversold zone and gives a similar signal as the %К line is lower than the %D line.

NewForex Analyst

Aaron Kaufmann


Fundamental analysis from New Forex: The Asia-Pacific region

The stock indexes grow in Asia correlating with growth of the American funds which received a notable boost in general prospects, bearish boost for dollar, in monetary policy of U.S. Fed. Bank shares of Wall Street got the upper hand as Trump attended to prospects of world finance having expressed intention not to allow the next financial crisis. The regional benchmark of MSCI added 0.3% where Australia grew up by 0.1%. The Japanese Nikkei added 0.2%. The prime minister of Japan Shinzo Abe will meet Trump on February 10 and 11 trade and currencies on agendas. Shares of JPMorgan Chase were closed with a surplus in 3.1% having pushed the banking sector S&P to a surplus in 2.6%. At the same time the industrial Dow Jones index grew up by 0.94% and technological added Nasdaq 0.54%. Friday data on number of workplaces in the USA showed growth considerably bigger than it was expected on January after civil engineering firms and the companies of retail trade increased hiring. However the wages rise is still slowed down. The American dollar weakened against the Japanese currency and is traded at the level of 112.48 yens having closed last week with losses of 2.33% near its six-months minima. The Canadian became stronger after Trump noted remarkable investment prospects of neighbors. The Australian dollar is in full defense that provides the Australian funds an essential impulse stimulating growth of the export-oriented companies. In the spot markets gold added 0.3% reflecting interest of large players in transactions of hedging and diversification.

Fundamental analysis from New Forex: Europe

Comparison with other countries of the eurozone showed recently that the Italian economy grew up too slow as rates entered the eurozone and the gap with other countries which already came back to pre-crisis level only increases. In other words, news from the European periphery unfavourable though the Italian economy unique who dropped out of growth. Even Greece published GDP growth for 4% since 1998. Italy lost 0.4%. Germany added 26.1%. Just feel dispersion. The European stock indexes are traded without pronounced long-term trend as a result of the condensed uncertainty in the foreign exchange markets and in fiscal policy of the USA that doesn’t force investors to hedge portfolios. On this background gold also came out a flat so for many there is a sense today to observe movements in the spot market of precious metals. For today the European currency strengthened against the American dollar at the level of 1.0782 while the British pound got the upper hand of the foreign exchange markets having received a surplus against the background of updating Brexit process within which committee of the House of Commons and consequently also oppositional politicians will be able to make proposals on amendments to the relation of an order of carrying out the future vote of parliament on denouncement of member agreements from the EU. The Swiss franc as one would expect is stable against the background of the growing demand for gold and also considerable achievements in the banking sector which received a surplus against the background of Trump’s statements reflecting tendency to struggle with the prospects of growth of financial instability which can develop into the next crisis.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

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

The single European currency loses its line items and the initiative in the market comes over the American dollar. Yesterday Stochastic formed a distinct sale signal so the majority of investors followed it resulting in bearish movement throughout the duration of trading session. As a result, the pair overcame support and grew out of the ascending channel. Today the trades proceed with moderate lowering and the price remains within the current levels of support at 1.0685 and resistance at 1.0748. The technical structure in a four-hour timeframe is mainly bearish one. The MACD histogram appeared in a negative zone decreasing with a sale signal. The Stochastic oscillator is decreases and has formed a similar signal as the %К line is lower than the %D line.

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

On Tuesday, the trades on this currency pair proceed with an obvious bearish spirit of the market participants. The British pound has already been weakening for a fourth session in a row since the moment when the Bank of England voted unanimously for keeping an interest rate at the current level. The price fell below moving averages with the period of 20 and 55, so today the trades proceed within the closest levels of support at 1.2414 and resistance at 1.2528. In the short term, the technical structure of the market hasn’t been determined yet. According to the indications of the technical analysis, bulls exhausted the potential while bears haven’t gained enough strength yet therefore the distinct signals at the moment can’t be observed. Thus we prefer to stay out of this market until the force of warring parties is revealed.

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

On Tuesday, in Asia this currency pair is traded within the developed descending trend and now the price remains within the current levels of support at 110.97 and resistance at 112.58. The market fell below moving averages with the period of 20 and 55 that assumes its further decrease. According to the indications of the technical analysis, bears continue to retain an initiative. On the four-hour chart the MACD histogram is located in a negative zone and it has created a sale signal. The Stochastic oscillator is in an oversold zone and it gives a buy signal which can be false. Thus we prefer to be out of the market until warring parties force identification.

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

On Tuesday, the trades on this currency pair proceed with a substantial increase of the price and a bullish spirit of the market participants. Since Asian trading session opening the greenback has certainly been strengthening against the Swiss national currency. On the four-hour chart we see that the price went to the corner above moving averages with the period of 20 and 55, so now the trades proceed within the current levels of support at 0.9953 and resistance at 0.9997. According to the MACD indications, bears exhausted their potential and an initiative is about to go to bulls as the histogram was reduced to a minimum and can pass into a positive zone. The Stochastic oscillator is in the central corner and it grows giving a buy signal for the greenback against the Swiss franc.

NewForex Analyst

Aaron Kaufmann


Fundamental analysis from New Forex: The Asia-Pacific region

The stock indexes in an Asia-Pacific region are weakening against the background of the hedge oriented investment moods in the markets inclining save haven currencies such as Japanese yen and Swiss franc. At the same time forecasts for prospects of the Chinese economy polarized analysts: one expect growth of currency holdings this month against the background of the international currency exchange control toughening while others doubt relevance of similar forecasts and consider that allowances will continue to fall. MSCI benchmark index on the Pacific Rim lost 0.15% and the Japanese Nikkei lost about 0.45% as the strong yen undermined prospects of national exporters. The Chinese shares are traded in flat according to the CSI 300 index. The Wall Street lost 0.2% being led by the energy sector which was injured because of the weakening oil prices and bargain for fresh economical and political decisions from the president Donald Trump. Only the Australian ASX was closed with a surplus — increase in 0.11-%. The Canadian colleague TSX lost 0.13% like the American Dow Jones because of the weakened energy costs. The American dollar added 0.1% against yen and is traded at the level of 111.83. However the yen trades above the majority of principal currencies today. The US dollar index also grew up by 0.1% and remains at the level of 99.909. The Australian dollar lost 0.1% and fell to the level of 0.7652 against US dollar. The New Zealand dollar jumped up for 0.6% to its three-months maxima in 0.7368 against the greenback. Later on today the Australian Central Bank, as expected, will keep interest rates on hold at record-breaking low level in 1.5%.

Fundamental analysis from New Forex: Europe



Decreasing of European shares gave a flat tire to the president of France at the wrong time that at the background of the beginning of the right National Front company which is headed by Marine Le Pen who opposes globalization and denouncement of member agreements with the European Union in particular. At the same time, the IMF predicted surplus for the Greek budget from 1.5 to 3.5% relatively by 2020 specifying the strong prospect of the European periphery recovery. Most of the IMF directors were equally of the opinion that further fiscal consolidation isn’t necessary to Greeks any more considering impressive results of reforms for today. However, at the suggestion of the Managing Director of the International Monetary Fund it was decided to allocate one more tranche in 86 billion euros in the third quarter this year to strengthen the acquired potential including the expand of a tax base according to the PIT and to rationalize pension expenses making room for the low tax rates and benefits for poor population stratums. The common currency lost for 0.2% and fell to the level of 1.07245 against US dollar. On Monday, euro lost 0.7% in intraday expression and 0.3% following the results of closing. For today the Swiss franc fell against the background of gold prices turn and lost 0.3% while the British pound trade above the majority of principal currencies. The situation in Europe is ambiguous: on the one hand, news from Greece demonstrate strengthening of the periphery; on the other hand — strengthening of euro against the background of weak US dollar undermines fiscal initiatives of the European Central Bank and supports oppositional rhetoric in France.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

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

On Wednesday, the single European currency continues to lose its line items against the greenback. Today the EUR/USD currency pair has resumed its attempts to test support in the corner of 1.0650/60. Looking back, the last time it happened on January 30 when the price was falling to 1.0619. However, bears didn’t manage to fix below this area. The market technical structure is mainly bearish. On the four-hour chart the MACD histogram fell to a negative zone below the central line and it gives a sale signal. The Stochastic oscillator decreases and creates a similar signal as the %К line crosses the %D line top down. Moving averages with the period of 20 and 55 days decrease with crossing down.

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

Yesterday, on Wednesday the pair returned to the level which it possesed at the end of the last week trades. Today, since the beginning of an Asian session it has been trading within the nearest support at 1.2479 and resistance at 1.2527. The rate is clamped between moving averages with the period of 20 and 55 days. The rate acts as the levels of support and resistance. In the short term, the technical structure of the market is not obviously determined. The MACD histogram remains in a zone below the central line and it indicates preservation of a certain potential for bears. Still it is gradually reduced and it gives a buy signal. The Stochastic oscillator left an overbought zone and created an accurate sale signal for the British pound. In such a way, the warring parties force hasn’t been shown yet. It makes us remain out of this market for some time.

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

On Wednesday, the trades on this currency pair follow different directions but the price remains within the limits of the next levels support at 111.78 and resistance at 112.41. Meanwhile, the market remains below moving averages with the period of 20 and 55 days that implies bears initiative preservation while the MACD histogram was reduced to the central line indicating the fact that bears have almost exhausted their potential. The indicators of the technical analysis, such as Stochastic oscillator and moving average convergence/divergence oscillator «MACD» show uncertainty in the market and the fact that force of warring parties haven’t been shown yet makes us stay out of this market for today.

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

On Wednesday, the trades on this currency pair proceed with a small bullish spirit of the market participants and the price remains within the current levels of support at 0.9920 and resistance at 1.0012. It is worth to note that according to the display numbers of the technical analysis indicator «MACD», if to be specific, according to its histogram, the market gradually gains the the growth potential. In general, the histogram appeared in a positive zone and it continues to grow while the indicator created a buy signal for the greenback against Swiss franc in the short term. The Stochastic oscillator is in the central corner having created a similar signal and it continues to grow. In the long term, the moving averages with the period of 20 and 55 days have slowed down their decrease and began to increase.

NewForex Analyst

Aaron Kaufmann


Fundamental analysis from New Forex: The Asia-Pacific region

Today, asian shares trade slightly below four-months maxima while the European currency was undermined by ambiguous prospects of Trump’s decision on foreign policy and the future presidential elections in France during which conservative leader François Fillon yielded a position to centrist and extreme right candidates so that fact prompted profitability of the French national bonds. The MSCI regional benchmark index grew up by 0.1% at the end of trade having carried out the most part of session in the negative territory. The Japanese Nikkei index grew up by 0.5%. In Wall Street there is observed a surplus most of all in technological sphere by Nasdaq which added 0.2%. Growth of S&P 500 was limited by weak oil prices and constituted only 0.02%. Dow also grew up by 0.2%. The Australian ASX added 0.52% and the Canadian TSX grew up by 0.27%. The American dollar weakened against yen after the moment when Trump strictly scarified currency manipulations of the Bank of Japan, so now it is traded at the level of 112.35 near its four-months minima. The Australian dollar continued to grow against most of competitors and is traded at the level of 0.7634 against the greenback with a 0.17-% surplus. The Canadian colleague also strengthened against the American dollar at the level of 0.7591 with a surplus in 0.13%. The Chinese yuan weakened a little after the data showed an unexpected fall of China currency holdings in January, for the first time within the last six years. This situation appeared to be the same as some economists supposed it because of currency exchange control in the global financial markets toughening.

Fundamental analysis from New Forex: Europe

The stock indexes in Europe grow restrictedly because of political environment in France limiting investment prospects of the country. Financial scandal over the former leader of a race — the conservative Fillon who displaced final prospects for benefit of the centrist Macron on the one hand and the extreme right anti globalist opposing the EU and Marine Le Pen on the other hand. However, the European shares nevertheless grew led by mining and financial sectors. The all-European benchmark index Stoxx 600 grew up at 0.5%. The British FTSE is in a flat. The Norwegian insurer Storebrand showed the largest growth of index with a surplus in 6.9% to nine-year maxima. The French banks weakened because of the sovereign bonds growing profitability. The European currency weakened at 0.6% against the American dollar and now it is traded at the level of 1.0682. The British pound is in a defensive line items against the background of fresh updating Brexit problems and Swiss franc which went to deaf defense weakening against the majority of principal currencies and being traded at the level of 1.0006 against the greenback. The Swiss currency is traded poorly this week because of new interest towards risk which is beating out gold back in the descending tendency.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

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

On Thursday the pair follows different directions within the current levels of support at 1.0641 and resistance at 1.0701. The rate fell below the moving averages with the period of 20 and 55. On the four-hour chart the bullish spirit of the market participants is observed. The MACD histogram is in a negative zone. It means that the market keeps bearish potential. The Stochastic oscillator is located in the central corner and it decreases giving a sale signal of the single European currency as the %К line is lower than the %D line.

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

At Thursday’s trades, after the European trading session opening, this currency pair keeps raising. In the short term, the ascending trend is observed in the four-hour chart. The chart rose above the moving averages with the period of 20 and 55 and it continues to grow. Today the market tests resistance in the range of 1.2575 mark with the support level at 1.2504. The MACD histogram stays along an axial line. The Stochastic oscillator is in the central corner and it gives a sale signal as the %К line is lower than the %D line.

NewForex Analyst

Sara Rosenstein


Fundamental analysis from New Forex: The Asia-Pacific region

The stock indexes in Asia grew to its year and a half maxima among which the Chinese indexes were in the lead with the widest separation from other Asian colleagues having developed after long stagnation in trade. At the same time the American dollar strengthened against the background of the growing instability in Europe and the European funds received a quite good surplus because of weak currency. For today the all-European benchmark index of MSCI on the Pacific Rim added 0.4% to its three-annual maxima where the markets of Hong Kong and China in general were the most effective. The Japanese shares also remained in the center of attention because of a meeting between the U.S. President Donald Trump and the prime minister of Japan Shinzo Abe on Friday. The US dollar is traded at the level of 100.31 against main competitors according to the trade weighted index while the Japanese yen also received an essential surplus because of the growing interest in hedging of financial risks. The Australian and Canadian dollar became stronger against European currencies but are traded more weakly in an Asia-Pacific region.

Fundamental analysis from New Forex: Europe

In Europe shares are traded with a surplus thanks to weakening interest towards single and also to a number of local sovereign currencies but are significantly limited to cool political problems in France which underwent to threat with an exit from the European Union. At the same time in Great Britain the tax share grows to its highest levels since 1986 in compliance with data of Institute of financial studies. Higher income in the budget from taxes and low growth rates will promote formation of these indicators according to data of the think-tank. The consumer price index grew to 1.6% in annual expression in comparison with 1.2% the previous year according to data of Management of national statistics. The common currency weakened at 9 points against the American dollar and is traded at the level of 1.0682 that promotes growth of the European funds showing the most expressive results in industrial and financial segments. Meanwhile, the pound sterling shows potential to growth against the background of other regional currencies while the Swiss franc weakens because of the growing interest towards risk in the European region.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

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

On Friday the pair is traded with a small lowering, remaining within the closest levels of support at 1.0642 and resistance at 1.0695. The single European currency couldn’t keep its positions higher than the level of 1.0700 resulting in domination of bearish investors’ moods in the market so the price fell to the corner of 1.0650. The technical analysis «MACD» indicator went to a negative zone below the central line and today it continues to decrease creating a sale signal. Staying in an oversold zone, the Stochastic oscillator has also created a similar signal as the line %К is below the %D line. In such a manner we observe greenback strengthening against the main world currencies. Yesterday the good macroeconomic data on the USA led to the greenback demand renewal. The number of basic applications for unemployment allowance in the USA was reduced much more than it had been expected by the analytics, let alone positive comments of the Federal Reserve Bank head in St. Louis, James Bullard. It should be noted that today there is an extra economic summit of the European Community countries. The news from this summit can have a significant impact on the single European currency and it lead to volatility splash in the market.

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

Yesterday, the greenback strengthened against the British pound in trading. The currency pair GBP/USD lost about 70 pips and today the pair is traded with a slight price increase in Asia while the sterling returned a bit of its line items. The technical structure of the market indicates the loss of bears potential while bulls didn’t gain it yet. In such a manner, the force of warring parties remains unclear in the short term. On the four-hour chart the MACD histogram was reduced to the central line and at the moment it doesn’t create an accurate signal. The Stochastic oscillator is in an oversold zone and gives a signal to sale of the British pound against the greenback. However, today the sterling can garner support from the quarterly publication considering national economy growth rates as on January from NISER by the end of the trading day.

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

Judging by the trades on Thursday, the greenback has considerably strengthened against the Japanese national currency. Yesterday, good macroeconomic data on the USA led to the greenback demand renewal. The number of basic applications for unemployment allowance in the USA was reduced much more than it had been expected by the analytics, let alone positive comments of the Federal Reserve Bank head in St. Louis, James Bullard. On Friday the trades continue with the same bullish mood of the market participants within the closest levels of support at 112.72 and resistance at 113.83. According the technical analysis indications, in the short term bulls steadily accumulate the potential for the further growth. On the four-hour chart, the MACD histogram appeared in the area above the central line and it continues to grow giving a buy signal to the greenback. The Stochastic oscillator is in an overbought zone and it creates a similar signal as the %К line is located above the %D line. It is worthy of note that the price chart went to the corner above moving averages with the period of 20 and 55 days and it confirms the growing potential of bulls.

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

Judging by the trades on Thursday, the greenback has considerably strengthened against national currency of Switzerland. Yesterday, good macroeconomic data on the USA led to the greenback demand renewal. The number of basic applications for unemployment allowance in the USA was reduced much more than it had been expected by the analytics, let alone positive comments of the Federal Reserve Bank head in St. Louis, James Bullard. On Friday, the trades continue with a moderate advance in price within the closest levels of support at 0.9963 and resistance at 1.0070. The technical structure of this market indicates benefit in favour of bulls in the short term. The price chart progresses above moving averages with the period of 20 and 55 days. The MACD indicator rose to the corner above the central line and continues to grow having created a buy signal of the greenback against Swiss franc. The Stochastic oscillator is in an overbought zone and also continues to grow giving a similar signal.

NewForex Analyst

Aaron Kaufmann


Fundamental analysis from New Forex: The Asia-Pacific region

The stock indexes in Asia lingered on the level of year and a half maxima against the background of the fresh trade data from China which showed almost 8% of surplus on export and 17% on import last month. Also quite firm growth is observed both on Wall Street and in Europe emphasizing the widest interest in shares and stock markets in general. The widest benchmark index of the region MSCI grew up by 0.5% and received a 1,5% surplus this week while the composite index of Shanghai grew up only by 0.5%. This week the Japanese Nikkei added 2.5% thanks to the weakened yen and added 2.4%. Three main indexes of Wall Street are near its record maxima after Trump promised to disclose details of tax projects within the next several weeks and as it is expected will open the strongest prospects for growth of the American funds. Thanks to the strongest data from the labor market which showed decline in demand for unemployment benefits to 43-year minima, the US dollar grew up by 0.1% against a basket of the trade weighted competitors and also at 0.8% for this week and for 0.4% against the Japanese colleague having become stronger at the level of 113.75 with a surplus which was more than 1 this week. The Australian dollar grew up by 0.2% against the greenback and was stabilized at the level of 0.7651 supporting optimistical forecasts of RBA for bullish tendencies in monetary policy.

Fundamental analysis from New Forex: Europe

In Europe the stock indexes grow thanks to strong corporate profits in energy and also bank and pharmaceutical sectors with the growing US dollar which took away the European colleague in defensive line items. This action opened the broadest prospects for the European stock market. The French bank — second-large among commercial in the country, became the leader of the European growth on Thursday having added 11.6%. The stock markets of Europe grow actively because of weak euro: the European benchmark Stoxx 600 added 0.8 and finished its two-day growth at the level of two-week maxima. German DAX grew up by 0.9% and the German blue chip index, according to the main investment strategist Christian Kaler, can grow by 8% to record-breaking high levels this year that is promoted by the solid corporate income and economic growth in regions that can compensate even policy risks. Revenue of telecommunication services was reduced less last year than it was expected and firmer Internet and mobile sales are predicted. Here the European index of the mining industry lost 0.1% against the background of inefficiently wide offer which entered the return correlation with the fallen copper prices and nickel. Euro remains under pressure of policy risks in France but at the same time is stable and is traded around the level of 1.0655 against the greenback having managed to lose a little more than 1% this week. However, criticism in relation to currency manipulations in the global markets from new American administration gaining steam, the rate of such currencies as euro, yuan or the Japanese yen will disperse — it is inevitable and therefore traders and investors shall be very vigilant in relation to such news. Let’s remember at least how the recent criticism from the new U.S. Treasury Secretary Mnuchin affected surplus of currency holdings in China.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

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

This week there is an amid mixed trading concerning the greenback against the main world currencies. The greenback began to lose its positions a little against the single European currency. On Monday, the currency pair EUR/USD is traded with an advance in price and for a while it stays within the current levels of support at 1.0646 and resistance at 1.0693. In the long term, the market keeps bearish potential and it is confirmed by the MACD histogram on the four-hour chart which stays in a negative zone. It started to reduce a little having risen above the signal line which is a buy signal for the single European currency. The Stochastic oscillator is located in the central corner and it grows, giving a similar signal as the line %К is higher than the %D line.

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

On Monday, the trades on this currency pair proceed with a small advance in price during the Asian trading session. Meanwhile, the sterling is quoted within the closest levels of support at 1.2485 and resistance at 1.2602. According to the MACD indications on the four-hour chart, the force of warring parties remains undetected as its histogram graded up with the central line and the indicator doesn’t give a certain action signals. The Stochastic oscillator progresses in an average zone and creates a buy signal as the %К line is higher than the %D line.

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

On Monday, the trades proceed with an obvious bearish spirit of the market participants. Meanwhile, the currency pair USD/JPY is quoted within the current levels of support at 113.25 and resistance at 114.09. It is necessary to notice that alignment of forces in this market underwent changes and the initiative stays at bulls that can be seen in terms of the MACD histogram which rose in a positive zone. Now the histogram is below the signal line and gives a sale signal for the greenback against the Japanese yen. The Stochastic oscillator fell to the central corner creating a similar signal as the %К line is lower than the %D line.

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

On Friday, the Swiss franc loses its positions against the greenback at the trades in Europe. The investors’ mood is characterized by moderate bullish potential, at the same time, the price remains within the current levels of support at 0.9984 and resistance at 1.0040. According to the indications of the technical analysis, for example the MACD indicator, bulls «pick up steam» on the four-hour chart as the histogram is at the growth stage and it gives a buy signal. The Stochastic oscillator is in the central corner and it decreases, having created a sale signal as the %К line is lower than the %D line. In such a manner, the situation in this market is obviously not determined. It forces us to stay out of this market for some time.

NewForex Analyst

Aaron Kaufmann


Fundamental analysis from New Forex: The Asia-Pacific region

The yen weakened against the American dollar after Trump’s meeting with the prime minister of Japan Shinzō Abe. Instead of this, security matters and the labor markets were discussed and it is expected that questions of monetary policy and fiscal stimulation will be discussed by the Japanese Deputy Prime Minister Aso and the American vice-president Pensem. The regional benchmark of MSCI added 0.3% led by the resource-extraction companies while the Japanese Nikkei grew by 0.4% having received a boost from the weak yen. On Friday, the global MSCI index tracking share value in 46 countries grew to its highest level since May, 2015 where the main indexes of Wall Street were closed at its fresh historical maxima. Trump declared earlier that he plans to unveil the most ambitious plan of tax reform since the time of Reagan in the next several weeks that revived hopes for big reductions taxes. This fact provided a broad support to the dollar which added 0.2% against the European currency and strengthened at the level of 1.0622 near its three-week maxima. Against yen, the greenback added nearly 1% having become stronger at the level of 114.17 considerably expanding a rebound from the bimestrial minima in 111.59 yens.

Fundamental analysis from New Forex: Europe

Bundesbank threatened London that it can lose the role of a financial «window to Europe», the British government reacted frostily to this fact having supported Brexit prospects hoping that Great Britain can win a role of financial center in the region. This process promises cool tax reforms and broad fiscal support for the banking sector with deregulation of financial activities. It should be noted that nearly 80% from all currency transactions in the EU are performed in Great Britain, and more than a third of all wholesale banking services between large business, the governments and the pension funds appears also in Great Britain. Billions of pounds are traded every day to provide the companies, for example concerning risk of an interest rate realignment, abnormal volatility or inflation risks. The European currency weakened at 0.2% against the greenback and is traded near three-week minima while the British pound sterling became stronger as the leader of today’s growth against a basket from main competitors. The Swiss franc considerably weakened against other currencies because of the growing interests towards risk.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

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

On Tuesday, the trades proceed with reduction in price as it has been proceeding during the previous trading days since the beginning of last week — on February 6. Among the market participants bearish moods prevail. Therefore, the single European currency loses in price. On the four-hour chart, the quotation left much below than the moving averages with the period of 20 and 55 days. Now the relative marks at 1.0583 and 1.0636 serve as the levels of support and resistance. It is to be recalled that today according to the chart the publication of macroeconomic indicators for both euro and the greenback is necessary. We expect the news on the consumer price index, GDP and Purchasing Managers’ Index of Germany, the Consumer price index and a price index of Switzerland producers, GDP of Italy, and at last GDP of all Eurozone with the Index of industrial production. We expect the similar data to give serious support to the single European currency. The technical structure of the market differs with an obvious bearish spirit. The MACD histogram stays deeply in a negative zone but it doesn’t create an accurate signal as well as the Stochastic oscillator. Thus, we prefer to stay out of this market until the warring parties force clarification.

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

On Tuesday, the trades proceed with a moderate bullish spirit of the market participants and advance in price within the current levels of support at 1.2478 and resistance at 1.2585. The quotations appeared in the corner slightly higher than the moving averages with the period of 20 and 55. However, warring parties force hasn’t determined yet. On the four-hour chart the MACD histogram reduced to the central line and it progresses along its own axis without giving any accurate signals. The Stochastic oscillator is close to an overbought zone and it created a sale signal as the %К line is higher than the %D line. However, this signal can be false and premature. It should be noted that today at 12:30 Moscow time (9:30 GMT) the publication of macroeconomic data on Great Britain is planned including the line on index of the producer’s price and on the Consumer price index. So it can give a serious support to sterling, we also expect it in order to make the investment decisions.

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

Since the beginning of January, the greenback has been losing its positions against the Japan national currency and it was only last week that the greenback began to increase, having invertedly developed its trend movement. In such a manner, now on the four-hour chart we observe the moving averages with the period of 20 and 55 which increased, intercrossed and tend to be growing now. The price chart appeared in the corner above the moving averages. On Tuesday, the pair is traded within the current levels of support at 113.37 and resistance at 113.86. In the short term, the MACD histogram stays in a positive zone that indicates the collected ascending potential. Today it gives a sale signal for transactions. The Stochastic oscillator decreases and creates a similar signal as the %К line is lower than the %D line.

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

Since the beginning of the current month, we can observe the greenback strengthening against the Swiss national currency. The market is impregnated with bullish mood of its participants and the trades on Tuesday didn’t become an exception. The price grows in a four-hour timeframe. The chart rose to the corner above the moving averages with the period of 20 and 55 days, indicating serious bullish market potential. Meanwhile the quotations remain within the current levels of support at 1.0013 and resistance at 1.0061 but it is necessary to notice that today the release of macroeconomic data on the Consumer price index is expected just like the Price index of producers and import of Switzerland. It can give a good support to franc. However, the technical structure of the market on the four-hour chart is obviously bearish one. The MACD histogram fell below the signal line and it gives a sale signal, the Stochastic oscillator has also created a similar signal as the %К line is lower than the %D line.

NewForex Analyst

Aaron Kaufmann


Fundamental analysis from New Forex: The Asia-Pacific region

The Asian stock indexes closed mixed with noticeable fluctuations in Japan and Hong Kong but nevertheless accepting an impulse from global rally after control indicators of the USA grew to new historical maxima. The optimism from the prospects of the American economy growth under the leadership of Donald Trump remains a driving force for investors in relation to shares. The American inflation consumer expectations reached 19-month maxima in January that can be good news for the Federal Reserve System even despite of the unclear economic plans of Trump. On Monday, the regional MSCI index almost didn’t change after reaching the highest level since July, 2015. Meanwhile, the S&P 500 index on Wall Street was closed at unprecedentedly high level and MSCI, the World-benchmark is also traded near its 2015 maxima. Shares in Hong Kong and Shanghai were in a flat, after releasing data on the prices of China producers. Today, the head of the US Federal Reserve System Yellen plans to begin the report to the Congress and it is expected that the action will end tomorrow and during which the central banker will emphasize the most probable scenarios of development of monetary policy this year. The Australian dollar grew against the background of the large corporate income which came to its maxima of nine years while treasury bonds grow since Friday. The American dollar approached its two-week maxima against yen and is traded near the level of 113.72 after Trump refused to comment on Japan monetarist policies within the meeting with the prime minister, Shinzo Abe. For today, all attention of investors is concentrated on economic indications of Yellen and it is expected that already on March 15, U.S. Fed from 30% chance will raise the stakes within the regular meeting of committee on the public markets. Besides, the head of the Japan Bank, Kuroda will also act later today but as it is expected, there will be no comments on Trump’s claim within this report.

Fundamental analysis from New Forex: Europe

Concerns in the relation of the European Union prospects disintegration are condensed that led to growth of the British pound against common currency today against the background of the thin political skirmish and mutual threats recognizing Germany and also London that not in a smaller measure was promoted by the growing prospects of a victory of the anti globalist and anti-allied candidate at presidential elections in France. The European regulators emphasize a number of powerful concerns which can damage the economy of Great Britain in the medium term having torn off the channels of economic growth connected with a financial intermediation which were traditionally provided from London. At the same time, economists of City and many politicians are sure that competent reforms will steadily influence development of Britain even more in the long term as financial center in the region. The British pound strengthened at the level of 1.1817 against euro which staying in defensive positions against most of main competitors while the Swiss franc got insignificant support because of the weakened interest in risk and the growing attention of investors in the relation of hedging instruments. The European commission emphasizes in the forecast that the economic growth of Britain will be slowed down to 1.5% this year and 1.2% in the following in comparison with two-percent growth in 2016. And perhaps it is necessary to expect that exchange of «pricks» will only increase as the prospects of disintegration of the Union become stronger that can reflect adversely by no means on sovereign economies in the European region.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

Fundamental analysis from New Forex: The Asia-Pacific region

Trade reflation pushes shares to the highest historical levels of last weeks worldwide but today regional growth is limited as the Japanese yen jumped up and sovereign bonds of Japan grew for the first time during last five days. Investors began to doubt that regional indexes will continue to punch historical maxima further. World shares extended at more than for $70 trillion after Trump was elected as the U.S. President. At the same time, the official data testimonial of inflation strengthening allow to raise interest rates with complete confidence that not only American but also the economy of emerging markets will sustain the next increases without threat of considerable capital outflow. Yesterday’s data showed revaluation of monetary policy toughening prospects from U.S. Fed to 42% from 30% declared two days ago. The dollar index lighting the American’s rate against the main trade weighed competitors fell to 100.92 while the Australian dollar was one of leaders of today’s growth having strengthened against the majority of principal currencies despite contradictory data from the labor market. Earlier the Japanese yen grew by 0.3% to 113.87 against US dollar having lost 0.9% on Wednesday. The Canadian also keeps strong in relation to competitors having received a boost from prospect favorable and at the same time large-scale commercial transactions with the United States.

Fundamental analysis from New Forex: Europe

The European stock indexes grow thanks to positive dynamics in the banking sector including France where one of the largest commercial banks and at the same time one of the most scandalous grew almost by 5% having shown the favorable reporting for the last quarter of the last year. And also due to the prospects of deglobalization and sovereign stimulation proceeding from the French pre-election race where the far-right anti globalist, Le Pen increases leading line items. The all-European benchmark Stoxx Europe 600 extended at 14.82 points having added 0.45% while the sovereign stock indexes show unilateral positive results: the British FTSE 100 added 33.65 points (0.47%), German DAX grew at 22:12 points (0.19%) and French CAC 40 was beaten out in leaders with a surplus at 29.04 points (0.59% respectively). European currencies are traded more weakly than Asia-Pacific colleagues due to broad fiscal policy from the European Central Bank in case with euro and also due to the growing interest in risk and the cheapening gold — in a case with Swiss franc. And here the British pound feels confident enters into top three of today’s growth having joined the Australian dollar and yen, specifying the growing gap with single economy of the EU.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

Fundamental analysis from New Forex: The Asia-Pacific region

The dollar passes the baton to bulls against the background of the Federal Reserve System aggressive policy which strengthened its chances to increase the interest rates in the USA next month. Asian shares grow among which shares of mining companies are leading the pack. Global shares are traded near its record maxima. Nevertheless, these days care and small-bore trade volumes prevail in the markets waiting for plans of new American administration for the future budgeted expenses. South Korean Kospi jumped up at 0.9% to the highest level since 2015 while the Japanese Topix added 0.6% having expanded its rally on Monday. Hang Seng in Hong Kong decreased by 0.4% but Hang Seng China Enterprises grew at 0.1%. Shanghai Composite added 0.4%. The Australian ASX and the Canadian TSX lost 0.07 and 0.16% relatively. The US dollar grew against the majority of principal currencies after the head of the Philadelphia’s Federal Reserve System, Patrick Harker supported the prospects of next month toughening monetary policy. The Australian dollar is in deaf defense with losses in 0.3% against the greenback and the Canadian though feels steadily and trades above most of competitors loses 0.2% against the greenback. On Monday, the yen dropped by 0,4 percent to the level of 113.59 against dollar after decrease at 0,2 percent.

Fundamental analysis from New Forex: Europe

The United Kingdom of Great Britain and House of Lords of Northern Ireland discuss the bill which will allow the prime minister Theresa May to begin an exit procedure from the European Union. At the same time some members aim to make changes which deputies from opposition in the lower house of communities couldn’t make. Marine Le Pen strengthened line items against rivals in France having secured with support of socialists and left having pushed away profitability of the German bonds to the maxima of 2012. On Monday, the European benchmark index Stoxx 600 was closed with a surplus in 0.2%. Among large corporate sags we will note the shares of the Unilever company which weakened at 5.1% after a final gap of the offer for 143 billion dollars on Kraft Heinz company takeover. Profitability of 10-year eurobonds grew to 2.44%. On Monday, the British FTSE was in the lead of regional growth. Euro lost 0.3% against US dollar and is traded at the level of 1.0585. The British pound is in a deaf defense with losses in 0.35% against the greenback at the level of 1.2428. The Swiss franc strengthened against the European colleagues but is traded more weakly than an Asia-Pacific currencies with losses in 0.28% against US dollar. Gold dropped at 0.4% to 1.2337 for ounce. Metal alternates profit and losses for the last four sessions.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

Fundamental analysis from New Forex: The Asia-Pacific region

This week the Asian stock indexes weakened while the yen and gold have stabilized in a side trend after the three-day growth as investors show care before the performances of Donald Trump and head of the USA Federal Reserve System, Janet Yellen. Insurers and banks started to decrease in Tokyo after profitability of treasury bonds fell having come off its July maxima. Last week the iron ore is adjusted to growth benefit after notable sag. The regional benchmark index MSCI weakened at 0.3% after the last week 0.5% growth. Topix in Japan lost 0.9% having slowed down on exporters and banks. Meanwhile, Hang Seng in Hong Kong grew by 0.1% and trades slightly below 24000 and the Shanghai Composite index lost 0.3%. The economy of China in general remained steady during lunar New year but there is an uncertainty connected with prospects which open after the February reporting under fixed assets. The ASX index in Australia decreased by 0.3%, and the New Zealand NZX grew by 0.3%. Futures of S&P 500 added 0.2%. The greenback recovered its early losses and strengthened against yuan and Mexican peso in relation of other currencies and main competitors which are traded poorly. The Australian dollar got the upper hand after today’s growth having added 0.25% against the greenback. Today the Canadian dollar is traded above the most of its main competitors. On the agenda there are future performances of Trump and Yellen which can provoke rally to US dollar.

Fundamental analysis from New Forex: Europe

The European funds are recovering from the losses received last week, but correction insignificant. Banks and the financial organizations continue to suffer from political uncertainty worldwide while in France the primary goods faced low Chinese demand that undermined interest in the European raw and industrial markets. Earlier on Friday, the regional benchmark Stoxx 600 weakened at 1.1%. In the goods markets futures for WTI crude oil grew up by 0.4% to $54.21 for barrel after losing 0.8% on Friday. Iron ore was corrected at 4% up. The banking sector still expects turning the levels. At the same time the European currency goes a side trend against the greenback at the level of 1.0565 having become stronger against yen and the Canadian dollar. The British pound weakened at 0.3% after the London Times reported that the prime minister of the United Kingdom of Great Britain and Northern Ireland,Theresa May is going to organize a referendum on Scotland independence in March. The Swiss franc became stronger against the number of main competitors. It is considerably limited in growth by fall of gold at 0.1% to $1.2566 per ounce.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

Forex News from New Forex: Technical analysis of EUR/USD
On Tuesday, this currency pair is traded with a slight increase of the price remaining within the closest levels of support at 1.0569 and resistance at 1.0652. Throughout the duration of several last days the trades were without any obviously expressed trend movement to any party. Today’s trading session didn’t become an exception. The technical structure of the market remains neutral with a small prerequisites to the ascending tendency. Today, the MACD histogram appeared in the positive area having risen slightly higher than the central line and creating a buy signal to the single European currency against the greenback. The Stochastic oscillator is located in the central area and decreases giving a sale signal as the %К line is lower than the %D line. In such a manner we can observe that the situation in this market remains uncertain that forces us to wait adopting an investment decisions.

Forex News from New Forex: Technical analysis of GBP/USD
At the trades on Tuesday the pair remains in lateral price motion with a small benefit of the market bearishly-adjusted participants. The chart of quotations remains below moving averages with the period of 20 and 55. As for today, the closest levels of support and resistance are relatively determined around marks at 1.2365 and 1.2462. On the four-hour chart the MACD histogram went to the corner below the central line creating a sale signal to the British pound against the greenback. The Stochastic oscillator is in the central area and decreases creating a sale signal to sterling as the %К line is lower than the %D line.

Forex News from New Forex: Technical analysis of USD/JPY
On Tuesday, the trades on this currency pair proceed with a certain bearish initiative. The market tests support around the mark of 112.33 with a resistance in 113.27. In the short term, the chart of quotations remains below moving averages with the period of 20 and 55 days that confirms the bearish potential of the market. The technical structure is also a descending one. The MACD histogram is located in a negative zone, but is a little reduced and for today this indicator creates a buy signal to the greenback against the Japanese national currency. The Stochastic oscillator is located in the central corner and decreases creating a sale signal as the %К line is lower than the %D line and crosses it top down.

Forex News from New Forex: Technical analysis of USD/CHF
This day, the currency rate is clamped between the moving averages with the period of 20 and 55 days. At the trades on Tuesday, the market tests support within 1.0068 mark while the resistance is at the mark of 1.0121. The technical structure of this market remains neutral one. On the four-hour chart the MACD histogram develops along the axial line and doesn’t give an accurate signals that indicates the uncertainty of warring parties. The Stochastic oscillator is located in the central area and also doesn’t create an accurate signals. Thus, we prefer to stay out of the market until the force of warring parties with the prospect of currency rate evolution isn’t revealed.

NewForex Analyst
Aaron Kaufmann

Fundamental analysis from New Forex: The Asia-Pacific region
Asian funds grow but they are noticeably limited as the Tokyo shares weakened and the currency became stronger waiting for Trump’s performance before the Congress. Oil trades above $54 for barrel during the last day of trade month. The head of the Federal Reserve System Dallas Kaplan declared that officials should pay attention to interest rates «rather earlier, than later» and not to pay attention to market expectations in order not to take away the economic growth in a discrepancy from curve inflation. Futures on federal funds show 50-% probability of increase in rates at the meeting on March 14-15. MSCI benchmark index in the region lost 0.1% having released the early bullish initiative taken at the beginning of the Asian session. The index grew by 2.2% for February and added about 10% since the beginning of year. Topix in Japan grew at 0.1% after losing 1% on Monday. ASX in Australia decreased by 0.2%. South Korean Kospi grew at 0.3%. Hang Seng lost 0.5% while Shanghai Composite added 0.1%. HS China Enterprises showed that funds of the People’s Republic of China sank at 0.3% today but secured with a monthly surplus in 5.1%. Futures for WTI crude oil grew at 0.3% to $54.20 for barrel and are traded near its maxima during 2,5 years. The greenback is traded at the level of 112.62 against yen easing at 0.1% but nevertheless recovered from the level of 111.920 — its two-week minima which was reached yesterday. The Australian dollar grew at 0.2% to 76.87 cents against the greenback as in anticipation of the report on GDP which will be published later on Wednesday. FRS representatives will appear before the public this week including the chairman Yellen who is going to act in Chicago on Friday. The Bank of Japan intends to enter system of the accurate reporting under purchase transactions of bonds having announced an exact dates of monthly purchases and their amounts.

Fundamental analysis from New Forex: Europe
Funds in Europe continue to grow with leading miners because of activation of industrial activity in China as it is one of the largest importers of the European raw materials, and also because of the growing banks accepting the prospects of rates in the USA growth. New conditions of global financial regulation which initiative is actively advanced today by Trump and the U.S. Department of the Treasury was led by Steven Mnuchin. The all-European benchmark Stoxx 600 extended at 0.4%. Regional indexes grew with a small surpluses on the majority of fixed assets among which there are financial organizations and raw markets were beaten out to leading line items. The London FTSE added 0.1% while the Frankfurt DAX added 0.16%. In France CAC 40 was late in flat and here Italian MIB surprised everybody by growing at 1.7%. The European currency stabilized against the greenback at the level of 1.0586 with a surplus in 0.1% while the pound was in deaf defense and the Swiss franc tested a considerable surplus having gained nearly 0.25% against US dollar because of increase of gold and at the same time the lowered investment appetites to risk which directed global trade towards hedge transactions. Gold grew at 0.1% to $1,254.17 for ounce after fall at 0,4 percent during the previous session.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Fundamental analysis from New Forex: The Asia-Pacific region
Global growth dragged on Asia. This way bulls gain momentum during the Tokyo session. Shares in Tokyo jumped up to the highest level since December, 2015 while the Australian funds closed at its three-months maxima after Wall Street indexes punched the fresh record maxima confirming strengthening of investment appetites worldwide. The dollar continued to grow after the Federal Reserve System official Breynard supported the initiative towards rates increase in the nearest future. Treasury bonds were stabilized after three-day rescission and gold in the spot markets weakened in the price. The Japanese Topix extended at 0.8% to the highest level since December 18, 2015 having expanded an early surplus of the environment to 1.4%. The ASX index in Australia grew by 1.3% to its November maxima while the New Zealand NZX added 0.4%. Hang Seng tested a surplus in 0.4% having punched the level 24000 while the Chinese shares traded in Hong Kong (China Enterprises) grew at 0.5%. In Seoul, Kospi grew by 0.6% and Wall Street futures S&P 500 lost 0.1% after 1.4% growth on Wednesday. At the same time Dow punched the level 21000. The yen decreased at 0.3% to 114.04 for dollar after losing 0.9% on Wednesday and 1.7% during this week. The dollar’s index added 0.2% having expanded the five-day growth to the longest victorious series since May, 2016. The Australian dollar lost 0.3% today and is traded in deaf defense against its main competitors. Earlier on Wednesday the 10-year treasury bonds profitability in the USA was stabilized at the level of 2.46% after ascension on 6 basis points. Last month data showed that the production in the USA extended mostly in high gear during the last three years. The medium terms for the American currency remain bullish.

Fundamental analysis from New Forex: Europe
The European funds punched its 15-month maxima with the bank and construction funds assistance after investors rethought Trump’s line item and his careful rhetoric within the performance before the Congress. Prospects of an infrastructure lobby remain urgent that also concerns tax and budget plans of the U.S. President. The all-European benchmark Stoxx Europe 600 added 1.6% and is traded near its two-annual maxima. However, industrial activity in the region extended to the rates of six-year maxima without affecting trade euro exchange rate per today. The German DAX punched 22-month maxima and CAC in France is traded at the level of its 15-month-old maxima. The European currency is traded weaker than their main competitors against the background of the European Central Bank emotional neglect to questions of financial regulation urgent problems in the public markets in spite of the fact that even such a champion in currency manipulations as China already headed the financial threats weakening due to productive forces regulation. The British pound increased from its general positive production data and the Swiss franc is traded in defense because of low appetites to hedging and the weakening gold. Gold in the spot markets lost 0.3% and is traded at the level of 1.2464 per ounce. Oil also lost 0.6% to $53.52 for barrel because of doubts in feasibility of OPEC efforts to affect a global excess production

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Fundamental analysis from New Forex: The Asia-Pacific region
The Asian markets which are departed from Thursday’s rally while shares in the USA are traded poorly and the head of the Federal Reserve System, Yellen is going to weigh the prospects of interest rates increase. The greenback is in a flat having interrupted the longest victorious series since May, 2016. The stock market in Japan weakened after three days of growth even in spite of the fact that consumer prices indicators grew for the first time since December, 2015 and weakened prices of metals buy putting pressure upon the Australian shares while South Korea funds fell on reports that China will constrain tourism within the country. The yen became stronger after a four-day series of defeats against the background of confidence growth in FRS to raise rates this month. This year, on the region-wise the Benchmark-MSCI lost 0.9% having shown the broadest easing. The Japanese Topix lost 0.6% after it was closed at the highest level since December, 2015 on Thursday. The ASX index in Sydney lost 0.8% after its biggest splash since November during the previous session. Kospi decreased at 1.2% to November’s minimum. The Hang Seng index was reduced by 0.6% and the assessment of Chinese shares in Hong Kong showed its decrease at 0.8%. The futures for the S&P 500 index dropped at 0.3%. The yen grew up at 0.2% to 114.21 against the greenback. This week, the currency still loses 1.8% demonstrating the largest recession during this year. The dollar almost didn’t change by closing the five-day rally this week. The Australian dollar is traded in the negative territory with decrease against all main competitors. As for today, the Chinese national political advisory conference including more than 2000 political elite, heads of business and other large lobbyists opens an annual session in Beijing. Also later for today, Yellen will comment the state of the economy and interest rates.

Fundamental analysis from New Forex: Europe
The European stock indexes weakened on Thursday against the background of the developed bank shares and fixed assets which were growing persistently during the previous session. However, some large corporate profits in the energy sector partially compensated sags in financial and consumer sectors. What impresses me the same time is that the season of high yield European funds moves in its last stage now. The all-European benchmark index Stoxx Europe 600 was closed in a flat from 75% of the companies which reported that the profit per share grew up by 12,1% in annual basis to the maxima of the 4th quarter 2013. Subsea 7 — the large company of petroservices added 5.5% against the background of the super positive reporting for the 4th quarter and the prospects of special dividends payments. Engie — the French oil and gas company added 8.2% having shown the best surplus since the end 2008 after the income of the company for 2016 came according to expectations of analysts. The European currency got stronger against the background of the European Central Bank attempts to review the prospects of financial activity in the public markets and works with short-term interest rates pressure upon which expanded spread between the German and American bonds to the 2008 maxima. The British pound took a position of today’s fall leaders while interest in Swiss franc renewed against the background of the growing appetites towards financial risks hedging.

NewForex Analyst
Alex Vergunov

 

[Anna Mon]

Fundamental analysis from New Forex: The Asia-Pacific region

Shares in the USA are weakening already for the third day and the dollar grows against the background of the expanding prospects of increase in interest rates next week. Shares of the energy companies fell and health weakened after Donald Trump promised to reduce medicines prices in the USA. Profitability of 10-year treasury bonds grew to 2.51% and copper fell to the monthly minima. The prospects of global economy growth remain rather strong to resist the growing costs for borrowings. S&P 500 lost 0.3% and fell to the level of 2.3682 having shown the first two-day recession since January. Shares of the health companies dropped at 0.5% after Trump declared that he works on the new system competition in pharmaceutical industry. At the same time Asian shares grow among which papers of continental China and Hong Kong are in the lead. The MSCI index added 0.25%. The US dollar grew a little: the dollar index almost didn’t change but the greenback added 0.1% against euro and is traded at the level of 1.0570. The Australian dollar also got stronger against most of competitors and slightly grew against US dollar. The Canadian dollar was beaten out in leaders of today’s growth yielding only to the Japanese yen. The data on work positions in the USA will appear on Friday. According to the average forecasts employers added about 190 000 workplaces reflecting signs of a strong growth of employment population.

Fundamental analysis from New Forex: Europe

The stock markets in Europe weakened earlier on Tuesday after Trump undermined the pharmaceutical companies prospects growth. Some companies reported weak quarter data for 2016 by aggravating a situation even more. In general, data from Germany also supported the descending trend having reported on fall of industrial orders for 7.4% in January that demonstrates the largest monthly fall for the last eight years because of decrease as internal demand and in the eurozone. The all-European benchmark index of Stoxx Europe 600 dropped by 0.3% already for the fourth time in a row. However, the index is still traded near 15-month maxima because of the surplus profit which was received last week. The index of health sector served as the strongest burden for Stoxx Europe having dropped by 1%. Euro dropped by 0.05% against the greenback and trades below all other main competitors. The British pound lost 0.3% against US dollar and is traded at the level of 1.2206 near seven-week minima. Swiss franc is in deaf defense because of steady global appetites to risk. On the goods market WTI crude oil lost 16 cents to $53.14 for barrel. The Oil Minister of Saudi Arabia Khalid al-Falih told, however, that OPEC and partners achieve enough good results in ensuring promised reductions. Copper falls already for the fourth day and today it became known that inventories in warehouses to the London metal exchange jumped at for 33% in 2 days having shown the greatest surplus since 2004. Gold in three last months lost 0.7% and is traded at $1217.30 per ounce losing 0.8% during previous session.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

Fundamental analysis from New Forex: The Asia-Pacific region

The global gap grows in sovereign public debts acting ahead of workplace report in the USA. The Australian 10-year bonds continued to grow showing the longest tendency since 1974. The yen fall higher 115 for dollar supporting the Japanese actions while the dollar continues to grow. The Chinese shares which are traded in Hong Kong weakened. Gold fell in price to $1200 for ounce falling already the fifth day and demonstrating the longest decrease since October. Oil came off the three-months minima but $50 for barrel are still cheaper. The Topix index in Japan grew at 1.2% having reached its week maxima. The MSCI benchmark grew at 0.5%. The Australian ASX grew at 0.6%. Hang Seng in Hong Kong added 0.2% and the Shanghai Composite index almost didn’t change while Hang Seng China Enterprises lost 0.4% having expanded at 1.8% decrease in Thursday. The index of Singapure leading indicators jumped up at 0.5% after the authorities declared decrease in the state fee for a revenue stamp. The Indian Sensex added 0.1% after interrogations showed that the prime minister’s batch Narendra Modi headed a race for the power in the Uttar Pradesh State. Futures S&P 500 were left without any changes. On Thursday, the index extended at 0.1%. The yen dropped at 0.4% to 115.43 for dollar. This week, the index of dollar was steady having added 0.8%. This week all 16 principal currencies fell against US dollar being led by Brazilian real and the South African rand. The profitability, according to the USA treasury bonds grew by one basis point and made 2.61% with the 10-year term of an expiration. Profitability of similar Australian bonds grew by five basis points to 2.97%.

Fundamental analysis from New Forex: Europe

On Thursday, the European shares grew against the background of optimistic statements of the ECB head Mario Draghi who reviewed QE program prospects for the next year towards simplification. However, this year there is an urgent a need of steady maintenance return to the price stability as well as it was supposed about what witnessed the statement of the European Central Bank governors board. To market closing the Stoxx Europe 600 index grew at 0.08% to 372.89. German DAX grew at 0.09% to 11 978,39 and French CAC 40 added 0.42% to 4,981.51. The Oil & Gas index dropped by 1.53% to 304.69%. Consumer prices in the Netherlands grew at 0.9% in February and for 1.7% in annual basis as it is expected. In the foreign exchange markets, euro grew at 0.11% against US dollar to 1.0580 and at 0.41% concerning pound sterling to 0.8693. The Swiss franc shared defensive positions with yen because of high increase to risks. The risks connected with the prospects of eurozone growth became less expressed but the inclination remains down and are mainly connected with global trade factors.

NewForex Analyst

Alex Vergunov

 

[Anna Mon]

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

On Monday March 13, the currency pair is traded with a substantial increase of the price within the closest levels of support at 1.0545 and resistance at 1.0667. In the market remains a good bullish potential with attempts for successful testing of the current level resistance. Moving averages with the period of 20 and 55 days increased and today grows steadily. On the four-hour chart, the MACD histogram was fixed above the central line and giving a buy signal to single European currency against the greenback. The Stochastic oscillator left an overbought zone and giving a sale signal. In such a manner, for today we prefer to stay out of the market before more approved signals of technical analysis indicators.

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

On Monday, the currency pair continues to be traded in a bearish trend developed since the beginning of a current month. The price remains within the closest levels of support at 1.2156 and resistance at 1.2236. The market has serious bearish potential as it shown on the MACD histogram which was fixed below the central line on the four-hour schedule. The Stochastic oscillator remains in an average zone and began to form a sale signal to the British pound against the greenback. Moving averages with the period of 20 and 55 also continue to decrease in a descending trend framework since the current month beginning.

NewForex Analyst

Sara Rosenstein



Fundamental analysis from New Forex: The Asia-Pacific region

This week, asian shares grew and the dollar weakened in the relation to the most colleagues because of the positive report on employment in the US who supported the line items of stock investors before the decisions of Japan Bank and U.S. Fed approaching. The oil is in the six-day descending trend. This month, the Tokyo shares expanded at the most long rally while shares of the South Korean companies grew to the highest levels since May, 2015. The shares of the Chinese companies which are traded in Hong Kong are jumped up. Global shares are traded near its record levels while signs of a strong growth in the US and Europe reached parity with economy of China showing improvement signs. The MSCI index in the region extended at 0.6%. Topix in Japan added 0.2% after purchased 1.2% on Friday having reached two-year maxima. The index of the Chinese entities HS China Enterprises added 1.5%. Kospi in South Korea added 1.1% headed by a 1.9% surplus in Samsung Electronics Co. Korea expanded with a profit of last week rising against the background of the last stages of discharge of the president Park Geun-hye dispelling political uncertainty implementation in the country. The Australian ASX index lost 0.4% and the New Zealand NZX added 0.2%. The South Korean increased at 1%. The Australian dollar grew by 0.3% after adding 0.5% on Friday. The dollar’s index dropped slightly less than by 0.1% after decreasing by 0.6% on Friday. The yen slightly increased having reached 114.75 against USD.

Fundamental analysis from New Forex: Europe

Last week, the stock markets in Europe closed with a surplus with the help of strong data from the US labor market having raised the prospects of medium-term inflation acceleration in the eurozone. The Stoxx Europe 600 index closed with a surplus in 0.9% while German DAX weakened at 0.12% and French CAC 40 grew at 0.24% having approached the strong level of support in 5.0000. In spite of the fact that the European Central Bank declared the weakening prospects of deflation the common currency continues to grow against the most of competitors. Euro is traded at the level of 1.0708 against the greenback having punched a 1-month maximum at 1.0700 earlier on Friday. Inflation recovery agrees the European Central Bank statement at the stage of economy improvement goes to the labor market. CHF grows against the most of the main colleagues despite the lack of local releases, following the macroeconomic environment limiting interest in Pacific Rim currencies. The pound sterling also got the upper hand.

The Australian equity market went down at trade’s close; S&P/ASX 200 decreased by 0.32%

On Monday, the Australian stocks decreased after the close as losses in Energy, Healthcare and A-REITs sectors lessened the shares. In Australia, basically at the close, 0.32% was declined by the S&P/ASX 200. During the session on the S&P/ASX 200, the best performers were St Barbara Ltd (AX:SBM), which grew 8.33% or 0.190 points to trade at 2.470 conclusively. Meantime, Evolution Mining Ltd (AX:EVN) gained 6.81% or 0.130 points to end at 2.040 and Resolute Mining Ltd (AX:RSG) got up 6.75% or 0.085 points to 1.345 at the close of the trade. The bottom of the heap during the session were BWP Trust (AX:BWP), which fell 3.18% or 0.090 points to trade at 2.740 conclusively. Sims Metal Management Ltd (AX:SGM) decreased at 2.95% or 0.370 points to end at 12.190 and South32 Ltd (AX:S32) decreased at 2.82% or 0.075 points to 2.585. Descending stocks outnumbered advancing ones during the Australian Stock Exchange by 576 to 480 and 316 ended without any changes. BWP Trust (AX:BWP) shares fell to 52-week lows falling 3.18% or 0.090 to the level of 2.740. The volatility index S&P/ASX 200 VIX, increased at 10.01% to 9.708. For April, the gold futures were up to 0.50% or 5.95 to $1207.35 per a troy ounce while crude oil decreased in 0.78% to reach $48.11 per barrel, while the May Brent oil contract decreased at 0.62% or 0.32 to trade at $51.05 per a barrel. AUD/USD increased to 0.37% to 0.7570, while AUD/JPY increased in 0.35% to 86.80. The greenback Index Futures decreased at 0.40% to 100.97.

The US stock market closed with growth, Dow Jones added 0,21%

The US stock market finished the Friday’s trades with growth due to the strengthening of utilities sectors, telecommunications and the industry. At the time of close the New York Stock Exchange of Dow Jones grew by 0,21%, the S&P 500 index rose at 0,33%, the NASDAQ Composite index rose in price at 0,39%. In leaders of growth among components of the Dow Jones index following the results of today’s trading there were shares General Electric Company (NYSE:GE) which rose in price at 0,62 items (2,09%) having closed at the mark of 30,28. UnitedHealth Group Incorporated (NYSE:UNH) quotations grew at 1,97 items (1,17%) having finished the trades at the level of 169,98. Caterpillar Inc (NYSE:CAT) papers grew in price at 0,92 items (1,01%) having closed with a mark in 92,31. The leaders of fall were Boeing Co (NYSE:BA) shares which price fell to 1,87 items (1,04%) having closed its session with a mark in 178,70. The shares Goldman Sachs Group Inc (NYSE:GS) increased at 1,80 items (0,72%) having closed at the level of 248,38, and Merck & Company Inc (NYSE:MRK) decreased in the price to 0,29 items (0,44%) and finished the trades on the mark of 65,60. In leaders of growth among components of the S&P 500 index following the results of today’s trading were Ulta Beauty Inc (NASDAQ:ULTA) shares which rose in price for 4,62% to the mark 286,42 Estee Lauder Companies Inc (NYSE:EL) which gained 3,50%, having closed at the level of 85,78, and also shares of Endo International PLC (NASDAQ:ENDP) which increased at 2,75% having finished a session at the mark 10,82. During the New York Stock Exchange the number of the risen in price papers (2103) exceeded quantity closed in minus (1110) and quotations of 44 shares almost didn’t change. At the NASDAQ stock exchange the papers of 1376 companies rose in price, 1117 decreased and 127 remained at the level of the previous close.

NewForex Analyst

Michael Butnitsky