All Blog Posts (3,623)

AUD/USD: general review





Current trend



Today the pair significantly grew amid a publication of strong macroeconomic statistics in Australia. Building Permits in April increased by 3% instead of a forecasted decline of 2.8%, while the Private Sector Credit rose from 6.4% to 6.7%.



Today attention also needs to be paid to data on the Consumer Confidence in the US. Growth in the index will pressure the pair.





Support and resistance



On the daily… Continue

Added by AlexanderLF on May 31, 2016 at 4:56pm — No Comments

GBP/USD: review and forecast





Current trend



The pair continues falling amid weakening in the GBP. The Pound was pressured by poor data on the GDP for the first quarter of the year in the UK. On a year-to-year basis, the index came out at 2.0%, which was 0.1% worse than forecasts. In addition, the Total Business Investment in the country in the previous quarter declined by 0.5%.





Today attention needs to be paid to data from the US, where the first quarter of the year GDP is due.… Continue

Added by AlexanderLF on May 31, 2016 at 4:06pm — No Comments

USD/CHF: general review





Current trend



Yesterday the pair fell amid the publication of strong macroeconomic statistics in Switzerland, where the UBS Consumption Indicator grew from 1.40 to 1.47 points. In addition, the Dollar was pressured by weak data on the Markit Services PMI in the US. In May, the index fell from 52.8 to 51.2 points.



Today attention needs to be paid to data on Durable Goods Orders and Initial Jobless Claims in the US. Forecasts realisation could pressure the… Continue

Added by AlexanderLF on May 26, 2016 at 3:24pm — No Comments

NZD/USD: pair is growing





Current trend



Today the pair is growing amid the publication of strong data in New Zealand. In April, Exports from the country grew from 4.2 billion to 4.3 billion New Zealand Dollars that was slightly better than forecasts of economists. In addition, the Trade Balance surplus increased to 292 million NZD, while exports expected the surplus to decline to 60 million NZD. At the same time, Imports slightly fell, from 4.09 billion to 4.01 billion… Continue

Added by AlexanderLF on May 25, 2016 at 4:02pm — No Comments

Brent: general review





Current trend



The price of Brent crude oil tested the level of 49.00 several times but could not consolidate above it yet. Since the end of last week, the price has been trading in a narrow range of 47.55-49.34 while market volatility remains low.



Tomorrow attention needs to be paid to data on the EIA Crude Oil Stocks change in the US.





Support and resistance



On the 4-hour chart, Bollinger Bands are directed… Continue

Added by AlexanderLF on May 24, 2016 at 4:22pm — No Comments

Four Kinds of Forex Platforms

It is almost impossible to think of conducting foreign exchange trading online without the aid of forex trade platforms. They not only guide the new trader step-by-step in the art of forex trade, but also help them get proficient in it by offering them demo accounts to conduct proxy trades and sharpen their skills. Most top-ranking forex platforms are now available with a majority of ECN/STP (Electronic Communication Network/Straight through Processing) brokers. Let us see what are some of…

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Added by Adam Guptill on May 24, 2016 at 3:33pm — No Comments

USD/JPY: general review





Current trend



Today the Yen is strengthening against the US Dollar. The pair was pressured by the publication of data on the Trade Balance in Japan. The balance surplus increased from 755 to 824 billion Yen, while experts expected it to fall to 492.8 billion.



Today attention needs to be paid to preliminary data on the Markit Manufacturing PMI in the US.





Support and resistance



On the daily chart, the pair is trading in… Continue

Added by AlexanderLF on May 23, 2016 at 3:26pm — No Comments

USD/CAD: pair is growing





Current trend



The pair continues growing amid a significant strengthening in the US Dollar. The American currency was supported by the publication of April FOMC Minutes that substantially increased the probability of an interest rate hike in the US at June’s meeting of the regulator. According to the Federal Funds futures, at present the probability stands at more than 30%.



At the same time, the pair was slightly pressured amid expectations of the… Continue

Added by AlexanderLF on May 20, 2016 at 1:02pm — No Comments

AUD/JPY: pair is falling





Current trend



The pair continues falling amid a large number of macroeconomic publications in Japan and Australia.



The Yen was supported by strong data on the Japanese GDP. In the first quarter of the year, the index grew by 1.7% that substantially exceeded forecasts of economists of a 0.2% growth. At the same time, the Australian Dollar was pressured by weak data on the labour market of the country. The Employment Change increased by 10.8 thousands,… Continue

Added by AlexanderLF on May 19, 2016 at 12:27pm — No Comments

USD/JPY: general review





Current trend





Yesterday the pair slightly strengthened amid the publication of strong statistics in the US. The Consumer Price Index grew by 0.4% while economists predicted a growth of 0.3%. In addition, the Consumer Price Index n.s.a increased to 239.260 and Housing Starts grew to 1.172 million.





At the same time, the Yen was supported by today’s data on the Japanese GDP. In the first quarter, the index came out at 1.7%, instead of a… Continue

Added by AlexanderLF on May 18, 2016 at 3:23pm — No Comments

USD/CAD: general review





Current trend



Since the beginning of last week, the pair is in consolidation having fallen by 50 points for the week. At the same time, yesterday the fall continued amid the publication of weak data in the US and due to uncertainty regarding the pace of interest rates hikes in the US.





Today attention needs to be paid to data on Building Permits and the Core Consumer Price Index in the US. According to forecasts, the indices will grow that might… Continue

Added by AlexanderLF on May 17, 2016 at 1:27pm — No Comments

EUR/USD: general analysis





Current trend





Since the opening of the European trading session, the EUR/USD pair has been declining. The European currency remains under pressure, as Italy’s banking system is facing difficulties due to the increased number of bad loans. Many commercial banks need additional capital, and shares in Banco Popolare, one of Italy’s largest banks, lost 14 percent.





Weak data on the eurozone’s industrial production has had a negative impact on the… Continue

Added by AlexanderLF on May 12, 2016 at 4:51pm — No Comments

EUR/USD: technical analysis





EUR/USD, D1





On the daily chart, the pair is trading on the middle MA of Bollinger Bands. The price remains above its moving averages that are directed up. The RSI is trying to turn up in the Bullish zone above the 50 mark. The Composite is trying to turn up as well.





EUR/USD, H4





On the 4-hour chart, the pair is trying to break out the middle MA of Bollinger Bands. The price remains on the level with its moving averages… Continue

Added by AlexanderLF on May 11, 2016 at 3:53pm — No Comments

USD/CAD: general review





Current trend



Since the middle of last week, the pair was growing amid publications of poor macroeconomic statistics in Canada. The Trade Balance deficit increased from 2.47 to 3.41 billion Canadian Dollars, while the Net Employment Change declined by 2.1 thousands, which was substantially worse than forecasts.





Today attention needs to be paid to data on the JOLTS Jobs Opening in the US. The index is expected to fall from 5.445 to 5.412 thousands… Continue

Added by AlexanderLF on May 10, 2016 at 5:07pm — No Comments

EUR/USD: Euro remains under pressure





Current trend



Last Friday the pair significantly grew amid the publication of weak data on the US labour market, but closed near its opening levels on the day. The US Nonfarm Payrolls for April came out at 160 thousands, which was 40 thousand worse than expectations of economists.





At the same time, the Dollar was supported by data on the Average Weekly Hours and Average Hourly Earnings that showed moderate growth. In addition, the Consumer Credit… Continue

Added by AlexanderLF on May 10, 2016 at 4:24pm — No Comments

Forex Trend Indicators Comparison - Illustrated Article

This article compares trend indicators used for forex market analysis and highlights exponential moving averages for multiple time frame analysis. A sample of the indicators is below. The article will explain why you should use these indicators for your daily forex trend analysis.…

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Added by Mark Mc Donnell on May 7, 2016 at 8:34pm — No Comments

Brent: general review





Current trend



Yesterday the price of Brent crude oil corrected up and tested the level of 46.67, but could not consolidate above it. The price was supported by news that forest fires in Canada curbed its oil production.





Today extra attention needs to be paid to data on the Non-farm Payrolls that is due in the US at 2:30 pm (GMT+2). Growth in the index might support the US Dollar and pressure oil prices.





Support and… Continue

Added by AlexanderLF on May 6, 2016 at 1:49pm — No Comments

NZD/USD: general review





Current trend



Yesterday the pair significantly fell amid the publication of weak statistics on manufacturing production in China. In addition, the pair was pressured by today’s labour market data from New Zealand, where the Unemployment Rate grew from 5.3% to 5.7% while economists predicted a growth to 5.5%.





Today attention also needs to be paid to data on the ADP Employment Change and Trade Balance in the US. According to forecasts, the trade… Continue

Added by AlexanderLF on May 4, 2016 at 1:04pm — No Comments

GBP/USD: general review





Current trend



The pair continues growing amid strengthening in the GPB. The Pound is supported by a substantially increased probability that the UK will remain in the European Union. According to the latest survey, the number of those ready to vote for staying in the EU exceeds the number of supporters of country’s exit.





In addition, the Pound was supported by the Bank of England decision to leave unchanged its key interest rate and the size of its… Continue

Added by AlexanderLF on May 3, 2016 at 1:20pm — No Comments

AUD/USD: general review





Current trend



Last week the pair significantly fell amid the publication of weak data on the Consumer Price Index in Australia. In the first quarter, the index fell by 0.2% while economists forecasted a 0.3% growth.





At the same time, the pair was supported by today’s data on TD Securities Inflation from Australia that showed a 0.1% growth in the index. Today attention also needs to be paid to data on the Markit and ISM Manufacturing PMI’s from the… Continue

Added by AlexanderLF on May 2, 2016 at 4:34pm — No Comments

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