February 2016 Blog Posts (19)

GBP/USD: general review





Current trend



Last week the pair significantly fell having lost around 400 points and reached its March 2009 lows.



The pair was substantially pressured by strong data from the US on the GDP for the fourth quarter of 2015 and Personal Consumption Expenditure – Price Index. Furthermore, UK’s data on the Total Business Investment and Consumer Confidence came out worse than expectations, which added to the pressure on the pair.



Today attention… Continue

Added by AlexanderLF on February 29, 2016 at 3:54pm — No Comments

EUR/JPY: pair remains under pressure





Current trend





The European currency is losing positions against the Japanese Yen amid a very low appetite for risk. On Wednesday, the pair reached its lows since April 2013, having fallen to the level of 122.45.



The Euro came under moderate pressure from recent macroeconomic data. In particular, France’s Consumer Confidence fell to 95 in February from 97 that is the lowest reading for the last six months.



At the same time, Japan’s… Continue

Added by AlexanderLF on February 25, 2016 at 1:19pm — No Comments

AUD/USD: review and forecast





Current trend





During the Asian session, the AUD fell to the level of 0.7170. The pair was moving down amid the publication of macroeconomic data on Australia.



In particular, analysts expected Wage Price Index to remain unchanged both on the quarterly and annual bases. However, the index was down to 0.5% from 0.6% and to 2.2% from 2.3%, respectively. The indicator of Construction Work Done fell by 3.6% in the fourth quarter against an expected… Continue

Added by AlexanderLF on February 24, 2016 at 1:15pm — No Comments

A Brief History Of CFD trading

Who has laid the foundation of CFD trading technique is still debated. But the history of trading CFDs goes back to the early 1990s when a financial firm in London created CFDs for hedging purposes. CFDs were originally created for the purpose of offsetting the risk of losses from the stocks traded on London stock exchange. Sooner the CFDs were started to be considered as favorable financial instruments because of the reason they needed a small margin and no physical shares were…

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Added by Sam Wexler on February 21, 2016 at 9:00am — No Comments

AUD/USD: analysis and forecast





Current trend





During the Asian session, the AUD/USD pair fell to the level of 0.7100. The Australia Dollar was losing its positions after RBA board member John Edwards stated the national currency is too strong. In his opinion, a more comfortable level for the AUD/USD pair would be 0.6500.





The Australian currency came under pressure amid the publication of labour market report. In January, Unemployment Rate in Australia was slightly up to… Continue

Added by AlexanderLF on February 19, 2016 at 1:55pm — No Comments

AUD/JPY: Australian Dollar resumed growth





Current trend





Yesterday the pair strengthened amid growing prices for commodities.



Supportive news that hit the markets yesterday were that Iran agreed to the proposal by few OPEC member-countries to freeze current output levels of oil. The country, however, did not specify the dates when restrictions will come into effect.



At the same time, the Yen remains under pressure after the last week’s rally as investors are worrying that the… Continue

Added by AlexanderLF on February 18, 2016 at 2:20pm — No Comments

Brent: general analysis





Current trend





Top oil producers – Russia, Qatar, Saudi Arabia and Venezuela – have agreed to freeze oil output at 11 January level. This decision might help to tackle an oversupply of the global oil market. Thus, the price of oil has its chance to strengthen to $40 per barrel. However, at the same time, there is a lack of clear understanding of how long the agreement will last and whether the countries will strictly follow all its… Continue

Added by AlexanderLF on February 17, 2016 at 1:31pm — No Comments

GBP/USD: triangle has been formed; breakout of the upper border is expected





Current trend





During several months, the British Pound was falling against the US Dollar. However, at the beginning of February, the GBP/USD pair started growing within a narrow ascending channel and reached the key resistance level of 1.4670. For the last few days, the pair has been trading in a sideways channel and forming a triangle pattern.





Today, ahead of the macroeconomic releases, the Pound gained support and strengthened to the upper… Continue

Added by AlexanderLF on February 16, 2016 at 6:04pm — No Comments

EUR/USD: general review





Current trend





The pair continues strengthening amid falling stock markets and weakening in the US Dollar. The Dollar was pressured by Fed Chair Janet Yellen testimony before the US Congress, after which the probability of further rate hikes significantly decreased. In addition, the head of the regulator stated that rate cuts remain a possibility if the situation requires this measure. And considering declining major macroeconomic indices and low inflation in… Continue

Added by AlexanderLF on February 12, 2016 at 1:24pm — No Comments

Brent: analysis and forecast





Current trend





Since the beginning of the week, the price of Brent crude oil has been gradually falling. Yesterday, the Energy Information Administration reported a decline by 754K barrels in US crude oil stocks; however, the price of oil did not manage to get any support. Despite a general decline in US crude inventories, investors were disappointed by the news about an increase at the country’s biggest oil storage hub in Cushing. According to the statistics,… Continue

Added by AlexanderLF on February 11, 2016 at 2:25pm — No Comments

AUD/USD: technical analysis





Current trend





This week, the AUD/USD pair was falling and reached its three week low at 0.6972. However, a correction started, the level of 0.7078, where the middle MA of Bollinger Bands and the 38.2% Fibonacci correction have concentrated, was broken out. At present, the pair is likely to strengthen to 0.7136 (23.6% Fibonacci correction) and 0.7160 (upper MA of Bollinger Bands). At the same time, the Head and Shoulders pattern seems to be forming that… Continue

Added by AlexanderLF on February 10, 2016 at 6:03pm — No Comments

EUR/USD: general analysis





Current trend





The EUR/USD pair is trading near the important resistance level of 1.1230 (4/8 Murrey), after the breakdown of which, the pair continues declining to 1.1060 (MA200).





The European currency is under pressure from concerns about future of Deutsche Bank. The bank owns a capital of about $60 billion and has about $75 trillion in derivatives, so the bank’s debt is incredibly high. Thus, one of Germany’s largest and systematically… Continue

Added by AlexanderLF on February 10, 2016 at 3:23pm — No Comments

EUR/USD: general analysis





Current trend





The European currency was strengthening against the US Dollar. The pair gained support from Iran’s decision to replace the US Dollar with the Euro in its oil sales. Moreover, Teheran has required buyers of its oil to pay their debts in euros as well. Thus, India, which owes about $6 billion, has already reached an agreement on this issue with Iran. In this situation, the demand for the Euro might increase, and the currency is likely to continue… Continue

Added by AlexanderLF on February 9, 2016 at 1:01pm — No Comments

USD/CHF: Franc continues growing





Current trend



Last week the pair significantly fell.



The pair was pressured by the latest Fed monetary policy meeting that substantially decreased chances of further interest rate hikes in the US. In addition, the USD was pressured by poor data on the Nonfarm Payrolls that fell from 262 to 151 thousands, while economists predicted 190 thousands. However, the Unemployment Rate unexpectedly fell by 0.1% to 4.9%, while Average Hourly Earnings grew by… Continue

Added by AlexanderLF on February 8, 2016 at 3:29pm — No Comments

EUR/USD: decline in USD might continue





Current trend



This week, the EUR/USD pair has reached its highest levels since October 2015. The pair grew amid negative data on Services PMI, released in the US. The indicator fell to 53.5 points, the lowest result since 2014. Moreover, the American currency was under pressure as New York Fed President William Dudley stated the global financial conditions deteriorated notably.



Today, the pair might continue its growth which has stopped at 1.1210. It… Continue

Added by AlexanderLF on February 5, 2016 at 4:49pm — No Comments

XAG/USD: growth continues



Current trend



On Thursday, the price of silver was growing actively and hit new local highs. The price is strengthening amid weakness in the US Dollar, which remains under pressure from data on PMI and concerns about chances of further increases in US interest rates.



Yesterday, data on Initial Jobless Claims was released in the US. The indicator grew to 285K from 277K against 280K forecast. This data is particularly important as market participants are waiting… Continue

Added by AlexanderLF on February 5, 2016 at 12:00pm — No Comments

USD/CAD: pair is falling





Current trend



Yesterday the pair significantly declined amid growing oil prices that were supported by strong data on the Caixin China Services PMI.



In addition, the pair was pressured by mixed data from the US. The ADP Employment Change for January came out at 205 thousands that was better than forecasts but substantially worse than the previous figure. The Markit Services PMI for January fell from 53.7 to 53.2 points, which did not match the… Continue

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

AUD/USD: pair resumed fall





Current trend



Yesterday the pair significantly fell after the RBA decision on interest rates. As was expected, the regulator left the rate unchanged at 2%.



At the same time, in its Rate Statement the regulator noted that it does not rule out further monetary policy easing this year if the economy continues slowing down due to the outside factors. It also noted that inflation is likely to remain very low in the medium-term.





Support and… Continue

Added by AlexanderLF on February 3, 2016 at 12:40pm — No Comments

EUR/USD: general review





Current trend



Today the pair continued growing despite the publication of mixed data in the eurozone. The Producer Price Index for December fell to -0.8% that was substantially worse than forecasts of economists. At the same time, the Unemployment Rate slightly fell as well, from 10.5% to 10.4%. Therefore, continuous decline in prices could force the ECB to expand its stimulation program or cut interest rates further, either of which would significantly pressure… Continue

Added by AlexanderLF on February 2, 2016 at 5:00pm — No Comments

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