July 2014 Blog Posts (30)

Forex: Ichimoku Clouds. Review of AUD/USD

Forex: Ichimoku Clouds. Review of AUD/USD

AUD/USD, H4

Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The pair is still falling, Tenkan-sen line (0.9338) is the closest resistance level. One of the previous minimums of Chinkou Span line is expected to be a support level at (0.9265).

AUD/USD,… Continue

Added by AlexanderLF on July 31, 2014 at 1:04pm — No Comments

EUR/USD: general analysis

EUR/USD: general analysis

Current trend

In general forecasts for Euro are not encouraging. While reducing public expenses, Italian government accumulated huge debts. Debts to the private companies have reached about 75 billion euro. Finance Minister of Italy, Pier Carlo Padoan said that the problem will be resolved before the end of this year. However, previous promises offered by Prime-Minister Matteo Renzi have not been implemented.

Economic situation… Continue

Added by AlexanderLF on July 29, 2014 at 1:26pm — No Comments

GBP/USD: general review

GBP/USD: general review

Current trend

Last Friday the pair GBP/USD demonstrated poor dynamics, since, following the decline on Thursday the pair remained almost at the same price level. Preliminary British GDP has grown by 0.8% in Q2, which was correctly predicted by experts.

Drop in the pair below 1.7000 last Thursday was caused by favourable U.S. labour market statistics. It became known that initial claims for unemployment benefits fell to 284 thousand… Continue

Added by AlexanderLF on July 28, 2014 at 2:31pm — No Comments

USD/JPY: the pair continues to grow

USD/JPY: the pair continues to grow

Current trend

On Thursday the currency pair USD/JPY continued to grow reaching the level of 101.85. Sharp rise of quotes was caused by the increase in deficit of trading balance of Japan by 822.2 billion yen in June, which was above the forecasts. It became known today that Japanese consumer price index in June dropped from 3.7% to 3.6%. Following this news the pair resumed growth and reached three-week highs of… Continue

Added by AlexanderLF on July 25, 2014 at 2:17pm — No Comments

EUR/USD: investors are waiting for the data on the U.S. housing market

EUR/USD: investors are waiting for the data on the U.S. housing market

Current trend

The currency pair EUR/USD has traded near support level of 1.3460 for two days, but failed to consolidate below this level. At the moment the price is growing amid positive European macro-economic statistics. It became known that preliminary business activity index in the industrial sector of Germany for July rose to 52.9 points; while the same index in the countries of… Continue

Added by AlexanderLF on July 24, 2014 at 2:55pm — No Comments

GBP/USD: the pair may experience downward correction

GBP/USD: the pair may experience downward correction

Current trend

At the beginning of this week the currency pair GBP/USD continued downward correction: the quotes fell to the level of 1.7041, almost reaching the bottom moving average of the Bollinger bands.

Today’s main event is the release of the minutes of the meeting of the Bank of England and the speech of Mark Carney, the head of the bank. Now market participant pay close attention to all… Continue

Added by AlexanderLF on July 23, 2014 at 1:59pm — No Comments

GBP/USD: general analysis

GBP/USD: general analysis

Current trend

According to the latest data British economy demonstrates stable growth; therefore, the Pound is likely to strengthen in the long-term. It is expected that GDP growth can reach 3.1%. Experts explain such rapid growth by the increase of investments by 12.5%.

Nevertheless, because of slow growth of wages, it is unlikely that interest rates can be increased in the near future, even despite the fact that consumer price… Continue

Added by AlexanderLF on July 22, 2014 at 3:07pm — No Comments

Forex: Ichimoku Clouds. Review of NZD/USD

Forex: Ichimoku Clouds. Review of NZD/USD

UNZD/USD, H4

On the four-hour chart Tenkan-sen line is below Kijun-sen, both lines are horizontal. Chinkou Span line is below the price chart, current cloud is descending. After long fall the pair has been corrected above Tenkan-sen line, which becomes a support level (0.8684). The closest resistance level is Kijun-sen line (0.8783).

NZD/USD, D1

Let’s look at the daily chart.… Continue

Added by AlexanderLF on July 21, 2014 at 11:44am — No Comments

Forex: Ichimoku Clouds. Review of USD/CHF

Forex: Ichimoku Clouds. Review of USD/CHF

USD/CHF, H4

Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is above the price chart; current Kumo-cloud is still ascending. After an abrupt rise the pair has been corrected to the level of Tenkan-sen line. Kijun-sen line becomes a support level (0.8943). One of the previous maximums of Chinkou Span line is expected to be a resistance level at… Continue

Added by AlexanderLF on July 18, 2014 at 4:16pm — No Comments

USD/JPY: analysis and forecast

USD/JPY: analysis and forecast

Current trend

The beginning of the week was favourable for the pair USD/JPY. The pair USD/JPY rapidly went up from support level of 101.30 to up resistance level of 101.65. The rise was triggered by the report of the head of the US Fed Janet Yellen. However, the “bulls” failed to reach resistance level of 102.00. At the opening of today’s trading session, Nikkei index declined, which triggered the fall in the price of… Continue

Added by AlexanderLF on July 17, 2014 at 3:10pm — No Comments

EUR/USD: the pair will continue to move in the downtrend

EUR/USD: the pair will continue to move in the downtrend

Current trend

At the first half- week European currency was under strong pressure from investors, while the USD was strengthening due to the positive data on the US inflation. Unexpected increase of the inflation pressure in the USA instills more confidence to the market participants.

Today’s European inflation data did not surprise investors, as it agreed with the forecasts. Therefore, the pair… Continue

Added by AlexanderLF on July 17, 2014 at 3:00pm — No Comments

Forex: Ichimoku Clouds. Review of AUD/USD

Forex: Ichimoku Clouds. Review of AUD/USD

AUD/USD, H4

On the four-hour chart Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Chinkou Span line is below the price chart; current cloud has reversed from ascending to descending. The pair is being corrected after an abrupt fall. The closest resistance level is Tenkan-sen line (0.9366). One of the previous minimums of Chinkou Span line is expected to be a support level at… Continue

Added by AlexanderLF on July 16, 2014 at 3:53pm — No Comments

GBP/USD: general analysis

GBP/USD: general analysis

Current trend

With the opening of the trading session the Pound has been slowly declining against the USD. British real estate market continues to grow rapidly, especially in London, where the price per square meter increased by 15%. Experts fear that speculative bubbles may occur in the market, which will have a negative impact on the British economy. In addition, at yesterday’s meeting of the Central Bank of England, interest rate… Continue

Added by AlexanderLF on July 16, 2014 at 3:43pm — No Comments

XAU/USD: General analysis

XAU/USD: General analysis

Current trend

Following long-lasting ascending movement the price of gold dropped to the level of 1302.98. The decline in gold price was caused by the profit taking. At the moment the pair XAU/USD is under pressure from the U.S. economy, which is increasing growth rate. Analysts anticipate that the interest rates will be raised earlier than expected, which will significantly drop the price of gold.

Support and… Continue

Added by AlexanderLF on July 15, 2014 at 3:30pm — No Comments

EUR/USD: the increase in the U.S. retail sale may support the USD

EUR/USD: the increase in the U.S. retail sale may support the USD

Current trend

On Monday the currency pair EUR/USD demonstrated mixed trading. In the morning the price had reached resistance level of 1.3640, after that, the price corrected to support level of 1.3614 (middle line of “Bollinger bands” indicator. At the moment the pair is traded near this level.

Volatility in the market may increase due to fundamental data. ZEW business sentiment indices… Continue

Added by AlexanderLF on July 15, 2014 at 2:32pm — No Comments

EUR/USD: The pair continues to trade in the downward channel

EUR/USD: The pair continues to trade in the downward channel

Current trend

On Thursday European currency dropped in price versus the American dollar due to improvements in the U.S. labour market and the increase in demand for the American currency. The pair reached the key support level of 1.3600 and consolidated near this level. This morning the pair tried to win back some losses; investors started to buy Euro in advance of the release of the final data on… Continue

Added by AlexanderLF on July 11, 2014 at 3:57pm — No Comments

USD/JPY: analysis and forecast

USD/JPY: analysis and forecast

Current trend

Due to lack of important macro-economic news yesterday the pair was quiet, slowly going up to resistance level of 101.80. Although the market was in anticipation of the minutes of the FOMC meeting, they did not seriously affect either the market, or the pair. At the opening of the European session today the pair continued to decline. At the moment the pair is testing support level of 101.30.

The chart… Continue

Added by AlexanderLF on July 10, 2014 at 4:07pm — No Comments

GBP/USD: the pair is expected to move in the sideways channel of 1.7100-1.7170

GBP/USD: the pair is expected to move in the sideways channel of 1.7100-1.7170

Current trend

On Wednesday investors’ attention was focused on the minutes of the meeting of the US FOMC. It had been expected that volume of trades would increase and volatility would go up; however it did not happen. FOMC did not provide any unexpected information and the pressure on the USD slightly increased. Members of made decision to terminate QE3 program by the end of… Continue

Added by AlexanderLF on July 10, 2014 at 3:58pm — No Comments

Brent: general analysis

Brent: general analysis

Current trend

The price of crude oil Brent continues to decline slowly but steadily. However, as long as the conflict in Iraq has not spread into the South of the country, where most of the largest oil productions are located and until Libya does not increase oil supplies, nothing seems to trigger the rise in price. Brent price fell below the level of $109.00 and reached monthly lows at $108.40. Market participants are waiting for the… Continue

Added by AlexanderLF on July 9, 2014 at 3:42pm — No Comments

EUR/USD: Positive outcome of the FOMC meeting will give a confidence boost in the USD

EUR/USD: Positive outcome of the FOMC meeting will give a confidence boost in the USD

Current trend

Following significant decline last week, the pair Euro/USD tried to win back losses at the beginning of this week. However, after the slight rise the pair went down due to favourable data on the US NFPR. This morning the pair traded in the narrow range prior to the release of the minutes of the US FOMC, which investors are waiting with big interest.

It is… Continue

Added by AlexanderLF on July 9, 2014 at 3:28pm — No Comments