April 2016 Blog Posts (22)

NZD/USD: general review





Current trend



The New Zealand Dollar was significantly supported by the RBNZ decision to keep its key interest rate unchanged at the current 2.25%, which allowed the pair to strengthen by more than 180 points. In addition, the pair was supported by today’s data on the ANZ Business Confidence. In March, the index grew from 3.2 to 6.2 points.





Today attention also needs to be paid to data on Personal Income and Personal Spending in the US. According… Continue

Added by AlexanderLF on April 29, 2016 at 12:33pm — No Comments

EUR/USD: general review





Current trend



The pair continues growing amid weakening in the US Dollar, which was slightly pressured by yesterday’s Fed Interest Rate Decision.





As was expected, the rate remained unchanged. The statement, however, did not contain any hints on its possible increase at the July meeting. At the same time, employment in the US keeps growing that will later accelerate wages and inflation growth. In addition, strengthening oil prices will increase… Continue

Added by AlexanderLF on April 28, 2016 at 12:58pm — No Comments

USD/CAD: general review





Current trend



Yesterday the pair continued falling amid the publication of poor macroeconomic statistics in the US. Durable Goods Orders grew by 0.8% while economists forecasted a 1.8% growth, while the S&P/Case-Shiller Home Price Indices grew by 5.4% that was also worse than forecasts. In addition, the Consumer Confidence fell to 64.2 points, against the forecasted 96.0 points.





Today extra attention needs to be paid to the US Fed Interest Rate… Continue

Added by AlexanderLF on April 27, 2016 at 4:55pm — No Comments

GBP/USD: review and forecast





Current trend





On Monday the GBP/USD pair opened with a gap up at 1.4462 and then corrected down to the level of 1.4420.





Support and resistance



The price range of Bollinger Bands is widening. The pair broke out the upper MA but then returned into the range and may continue moving down towards the middle MA of the indicator.





Support levels: 1.4420, 1.4370, 1.4330, 1.4280.



Resistance levels: 1.4490,… Continue

Added by AlexanderLF on April 25, 2016 at 12:03pm — No Comments

USD/CAD: general review





Current trend



Yesterday the pair substantially strengthened amid the publication of labour market data in the US. Initial Jobless Claims unexpectedly fell to 247 thousands while economists predicted a growth to 263 thousands. In addition, the number of Continuous Claims shrank by almost 40 thousands.



Today attention needs to be paid to data on the Consumer Price Index in Canada and Markit PMI’s in the US.





Support and… Continue

Added by AlexanderLF on April 22, 2016 at 5:16pm — No Comments

GBP/AUD: general analysis





Current trend



This week, the pair remains under pressure due to weak statistics from the UK and a series of favorable news from Australia. Yesterday morning, data on Claimant Count Change showed a growth by 6.7K while analysts expected the indicator to be down by 10K.



Today attention needs to be paid to data on Retail Sales, due in the UK, and speech given by Mark Carney, Governor of the Bank of England.





Support and… Continue

Added by AlexanderLF on April 21, 2016 at 4:16pm — No Comments

AUD/USD: review and forecast





Current trend



The pair continues growing amid strengthening in oil prices and the publication of strong macroeconomic statistics in Australia at the beginning of the week. The New Motor Vehicle Sales grew by 2.2% against the previous month that indicates that the consumer confidence is increasing.



Today attention needs to be paid to data on the EIA Crude Oil Stocks change in the US. A lower reading could support the pair.





Support and… Continue

Added by AlexanderLF on April 20, 2016 at 4:55pm — No Comments

XAU/USD: general analysis





Current trend



Despite unsuccessful negotiations in Doha, the price of gold has been growing since the opening of the trading session today. The growth is supported by weak data on the US economy, released last week, and uncertainty over future rate increases in the country. The uncertainty has risen due to recent statement made by the Fed representative William Dudley. Today attention needs to be paid to data on Building Permits for March, published in the… Continue

Added by AlexanderLF on April 19, 2016 at 4:29pm — No Comments

GBP/JPY: general analysis





Current trend



At the beginning of the trading week, the GBP/JPY pair has been correcting amid expectations of important macroeconomic releases.



Data on adjusted merchandise trade balance is due in Japan on Wednesday. Analysts predict the indicator will grow from 242.8 billion to 834.6 billion. Thus, Japan is expected to post a trade surplus of almost 600 billion that will have a positive impact on the economy and the national currency. Moreover,… Continue

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

USD/CAD: consolidation near local lows





Current trend



At the end of the week, the Canadian Dollar has been trading mixed against the US Dollar. Having reached new local lows on Wednesday, the pair has started correcting up amid the statements made by the Federal Reserve officials.



The results of the recent Bank of Canada monetary policy meeting had a high impact on the market. However, it should be noted the Canadian currency started strengthening some time after the results were… Continue

Added by AlexanderLF on April 15, 2016 at 2:30pm — No Comments

USD/CAD: general analysis





Current trend



This week, the USD/CAD pair has been moving down. The downward dynamics has been developing amid expectations of important macroeconomic releases both in the US and Canada which can result in a trend reversal.



In the second half of the day, data on Retail Sales is due in the US. If the favorable forecast is confirmed, the US Dollar will gain support. Later on, the Bank of Canada announces its interest rate decision. Precise attention should… Continue

Added by AlexanderLF on April 13, 2016 at 4:26pm — No Comments

GBP/USD: review and forecast





Current trend



This week, the Pound continues strengthening against the US Dollar. The pair has gained support amid expectations of relatively favorable statistics on the UK economy. Today the data showed the Consumer Price Index grew by 0.4% in monthly terms against the forecast of 0.3%. In annual terms, the indicator was up by 0.5% while analysts expected it to come in at 0.4%. As a result, the pair gained more than 200 points.



Today market participant… Continue

Added by AlexanderLF on April 12, 2016 at 2:26pm — No Comments

USD/JPY: technical analysis





USD/JPY, D1



On the daily chart, the pair is correcting up as it has formed four closes below the lower MA of Bollinger Bands. The price remains below its moving averages that are directed down. The RSI is trying to turn up near its strong support in the oversold zone. The Composite is trying to turn up as well.





USD/JPY, H4



On the 4-hour chart, the pair is correcting up towards the middle MA of Bollinger Bands. The price remains… Continue

Added by AlexanderLF on April 11, 2016 at 5:10pm — No Comments

XAU/USD: general analysis





Current trend



The price of gold continues its upward trend. The precious metal is strengthening as the Federal Reserve can delay interest rate rise, the stock market is falling so are US bonds yields. Capital inflow in exchange traded funds remains high that also supports the price of gold.



On the other hand, gold purchases by the People’s Bank of China declined to 9 tonnes in March that is the lowest level since last year. However, the country is likely… Continue

Added by AlexanderLF on April 8, 2016 at 4:40pm — No Comments

USD/CAD: review and forecast





Current trend



Yesterday the US Dollar was losing its positions against the Canadian Dollar. Today attention needs to be paid to macroeconomic statistics from Canada and the US. Data on Building Permits for February is released in Canada at 2:30 pm (GMT+2). A high reading can strengthen the Canadian Dollar. A low reading, on the contrary, can weaken the national currency. Later on, market participant will be following data on Consumer Credit Change for February, due… Continue

Added by AlexanderLF on April 7, 2016 at 2:02pm — No Comments

CFD: The Advantages of Trading It

The most important reason trade in stocks and commodity futures via the CFD (Contract for Difference) system is the undeniable fact that you get to trade on margin. Quite simply, you have the opportunity to obtain a position on a certain asset (company share or commodity units) for a minimal percentage of the real estimated value of the particular asset. The specifications for the smallest amount of capital that may be invested, depends upon the particular broker and platform that you’re…

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Added by Adam Guptill on April 6, 2016 at 3:35pm — No Comments

AUD/USD: negative dynamics





Current trend



On Tuesday the AUD/USD pair closed with a decline to 29 March afternoon session lows. It should be noted trading activity was high due to numerous important macroeconomic releases.





In the morning session, the pair showed moderate growth after the results of the RBA monetary policy meeting were announced. Analysts’ expectations were confirmed, as the Regulator decided to keep interest rates unchanged at 2%.



However,… Continue

Added by AlexanderLF on April 6, 2016 at 1:58pm — No Comments

EUR/USD: general analysis





Current trend



Macroeconomic statistics, released in the US last week, had no influence on the EUR/USD pair. However, it should be noted the Labor Force Participation Rate reached 63% which is the highest level since 2014.



Donald Trump, a candidate for US President, believes the US economy is far from recovery. He suggests the real unemployment rate is higher than the official 5%. Moreover, the stock market is growing while corporate profits are falling.… Continue

Added by AlexanderLF on April 5, 2016 at 4:23pm — No Comments

GBP/USD: back to decline





Current trend



On Friday the GBP/USD pair was moving actively down amid the publication of statistics for March on US labour market. However, it should be noted that the data was quite mixed.





In particular, Nonfarm Payrolls increased by 215K, lower than 245K in February but exceeding the forecast of 205K. Unemployment Rate was up by 0.1% and reached the key level of 5.0% while no changes were expected.



At the same time, ISM Manufacturing… Continue

Added by AlexanderLF on April 4, 2016 at 2:23pm — No Comments

Today's GBP Weakness and Live Trading Signals

Today in forex trading the GBP was weak across all pairs, driving price movement and opportunities for forex traders. Images of the live trading signals from The Forex Heatmap® and chart movement for these pairs is shown below. For a complete analysis of the GBP/CHF and the other GBP pairs go to our website. These live trading currency signals and trend based trading …

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Added by Mark Mc Donnell on April 2, 2016 at 4:30am — No Comments

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